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Latest news: Economy, Business and Finance

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside Energy is moving to increase its stake in the proposed $49 billion Browse gas field by pre-empting a sale by one of its joint venture partners.

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders will have greater access to venture capital funding under a new program designed to help tackle the gender gap in start-ups.

The small stretch of country road causing huge problems

The small stretch of country road causing huge problems

The small stretch of country road causing huge problems

The small stretch of country road causing huge problems

The indefinite closure of part of a highway built by convicts is causing shocks across regional economies, health care and maybe even influencing politics.

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Hundreds of media jobs to go as TV advertising slumps

Hundreds of media jobs to go as TV advertising slumps

The owner of the Seven Network is slashing hundreds of jobs, downgrading its guidance and writing off millions of dollars from a burdensome TV content contract.

Shares creep lower as BHP rebounds, Iran worries remain

Shares creep lower as BHP rebounds, Iran worries remain

A resumption of attacks between the US and Iran have put upward pressure on oil prices, dampening risk sentiment as investors weigh an extended energy shock.

CGT share changes will ease home prices, treasurer says

CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

Popular goods retailer eyes regions for store expansion

Popular goods retailer eyes regions for store expansion

Super Retail Group, which owns Supercheap Auto, Macpac, BCF and Rebel, is expanding its store footprint to 900 within five years under a new growth plan.

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Charities under strain as expenses outpace growth

Charities under strain as expenses outpace growth

Charities under strain as expenses outpace growth

Charities under strain as expenses outpace growth

Charities across Australia are struggling to keep pace with rising demand and higher outgoing costs, forcing many to rely on volunteers more than ever before.

Shares lift as rate-sensitive stocks continue higher

Shares lift as rate-sensitive stocks continue higher

Shares lift as rate-sensitive stocks continue higher

Shares lift as rate-sensitive stocks continue higher

The local mining sector continues to retreat from recent gains, but retail stocks, banks, real estate trusts and utilities have fuelled a bounce on the ASX.

Higher debt, cheaper homes as territory axes stamp duty

Higher debt, cheaper homes as territory axes stamp duty

Higher debt, cheaper homes as territory axes stamp duty

Higher debt, cheaper homes as territory axes stamp duty

Stamp duty will be abolished for ACT first home buyers in an Australian first, despite the territory budget set to surpass $12 billion in debt.

Target-practice drone maker lauds spike on trade debut

Target-practice drone maker lauds spike on trade debut

Target-practice drone maker lauds spike on trade debut

Target-practice drone maker lauds spike on trade debut

Shares in Boresight, which makes cheap, expendable drones for militaries around the world, jumped by 80 per cent upon their stock market debut.

Relief for workers with lifeline for ailing smelters

Relief for workers with lifeline for ailing smelters

Relief for workers with lifeline for ailing smelters

Relief for workers with lifeline for ailing smelters

Smelter operator Nyrstar hasn't ruled out needing further taxpayer money after extra funds were announced to prop up two ailing facilities.

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Kmart Group is refurbishing two dozen more stores to a new format, and opening a new concept store for home goods near an Australian capital city.

'Transformative' airport to open with meagre schedule

'Transformative' airport to open with meagre schedule

'Transformative' airport to open with meagre schedule

'Transformative' airport to open with meagre schedule

An international airport will open with less than two dozen domestic flights a week, but it's hoped it can give passengers better travel options.

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'Reform is always hard': PM coy on tax carve outs

Anthony Albanese has not revealed whether carve outs for businesses are on the table for controversial tax changes from the federal budget.

Australia, Turkey launch ambitious electrification goal

Electrification, waste and building efficiency targets have been proposed by the leaders of international climate negotiations to keep a key goal within reach.

Aussie retailers under pressure from e-commerce giants

Australians are continuing to turn to global e-commerce providers as rising costs weigh on household budgets, heaping more pressure on local retailers.

Hundreds of jobs to go as barbecue retailer sizzles out

An outdoors chain retail store synonymous with Australian barbecue culture will shut down after 50 years after failing to find a new buyer.

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Australian shares trim losses as NAB predicts rate cut

The ASX has recovered some of its early dip after major bank economists predicted a change of direction for the Reserve Bank, but risk appetite remains subdued.

Just a mimic of One Nation: coalition cops Labor serve

One Nation's rise in the polls is no shock to experts who say it's been brewing for years, as the coalition fails to rule out a preference deal with the party.

Aussie demand for SpaceX float overwhelms call centres

The lead Australian broker on the $2.5 trillion public launch of Elon Musk's SpaceX is experiencing "extremely high" call volumes as investors try to get in.

Big bank changes RBA rate call as cost pressures ease

Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.

Clean energy COP hits fossil fuel phase-out demands

International climate talks will centre on electrification amid criticism the controversial fossil fuel phase-out agenda is largely missing in action.

Aussie exports face billion-dollar hit from US tariffs

Donald Trump is seeking to impose tariffs he has said are aimed at targeting slavery, which would cost Australia more than $1 billion a year.

Businesses MIA on rooftop solar and battery revolution

Solar is a common sight on houses but less so on warehouses, offices and other commercial buildings due to a complex knot of challenges that need unravelling.

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