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Latest news: Economy, Business and Finance

Treasurer blocks US takeover of Aussie pharma company

Treasurer blocks US takeover of Aussie pharma company

A takeover deal for an Australian pharmaceutical manufacturer has been knocked on the head, with the treasurer citing risks to the supply of critical medicines.

Fire disrupts COP30, 13 treated for smoke inhalation

Fire disrupts COP30, 13 treated for smoke inhalation

Fire disrupts COP30, 13 treated for smoke inhalation

Fire disrupts COP30, 13 treated for smoke inhalation

Thirteen people have been treated for smoke inhalation following a fire at the COP30 venue in Brazil, organisers say.

US posts solid jobs data in September, unemployment up

US posts solid jobs data in September, unemployment up

US posts solid jobs data in September, unemployment up

US posts solid jobs data in September, unemployment up

US employers added a surprisingly solid 119,000 jobs in September, the Labor Department says.

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Slash spending and reform taxes, IMF urges Australia

Slash spending and reform taxes, IMF urges Australia

Australia should reintroduce a mining tax and limit spending growth in the NDIS and aged care, according to a leading global financial institution.

Market darling brought to earth by sell-offs and exit

Market darling brought to earth by sell-offs and exit

After becoming one of the hottest companies on the market, defence innovator DroneShield has lost 70 per cent of its listed value in less than two months.

House prices surge as city-dwellers flee to the regions

House prices surge as city-dwellers flee to the regions

Aspiring home buyers are fleeing to the regions as falling interest rates and limited supply drives city house prices to fresh record highs.

Private sector wages slowdown could ease RBA fears

Private sector wages slowdown could ease RBA fears

Pay packets are still growing but economists warn rising inflation could soon bring that to an end.

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Saudi prince didn't know about Khashoggi killing: Trump

Saudi prince didn't know about Khashoggi killing: Trump

Saudi prince didn't know about Khashoggi killing: Trump

Saudi prince didn't know about Khashoggi killing: Trump

The brutal murder of journalist Jamal Khashoggi has cast a shadow over Saudi Arabia's Crown Prince Mohammed bin Salman visit to the White House.

Host Brazil pushes for progress on big issues at COP30

Host Brazil pushes for progress on big issues at COP30

Host Brazil pushes for progress on big issues at COP30

Host Brazil pushes for progress on big issues at COP30

COP30 UN climate talks host Brazil is spearheading a push for a detailed road map for the world to phase out or transition away from fossil fuels.

Right to disconnect laws slashing unpaid overtime hours

Right to disconnect laws slashing unpaid overtime hours

Right to disconnect laws slashing unpaid overtime hours

Right to disconnect laws slashing unpaid overtime hours

Laws designed to prevent employees from having to pick up the phone outside of work hours appear to be having their intended effect, a report shows.

Embattled telco takes another hit after anti-scam fail

Embattled telco takes another hit after anti-scam fail

Embattled telco takes another hit after anti-scam fail

Embattled telco takes another hit after anti-scam fail

Optus has paid a six-figure fine after a technical glitch let scammers gain access to customers' bank accounts.

CSL injects $2.3b into US for valuable blood plasma

CSL injects $2.3b into US for valuable blood plasma

CSL injects $2.3b into US for valuable blood plasma

CSL injects $2.3b into US for valuable blood plasma

After Donald Trump threatened pharmaceutical tariffs, CSL says it will invest another $2.3 billion building a new blood plasma facility in the United States.

Toll relief extended but bumpy road ahead to fund it

Toll relief extended but bumpy road ahead to fund it

Toll relief extended but bumpy road ahead to fund it

Toll relief extended but bumpy road ahead to fund it

Motorists in one state will be cheering at the extension of a $60 weekly 'cap' on road tolls - though some may cop a new fee to cross an Australian landmark.

Customer dies after triple-zero fails on mobile phone

Customer dies after triple-zero fails on mobile phone

Customer dies after triple-zero fails on mobile phone

Customer dies after triple-zero fails on mobile phone

The embattled telco industry remains in the spotlight after a customer died when their phone could not make triple-zero calls.

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Pope pleads for climate action to save God's creation

Pope Leo XIV is urging countries at United Nations climate talks to take “concrete actions” to stop climate change that is threatening the planet

'Numbers game': shopping scammers profit on sales craze

While bricks and mortar retailers might be relishing upcoming Black Friday and Christmas sales, online scammers are also licking their lips.

RBA reveals what would rule out more interest rate cuts

Barring a material rise in unemployment or weaker-than-expected economic growth, mortgage holders can just about give up hope for any more interest rate relief.

BlueScope Steel keen on Whyalla's iron ore resource

Steel giant BlueScope is leading a consortium to potentially acquire the Whyalla Steelworks, an asset it views as having potential beyond its core business.

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Big bank boss takes swipe at surcharge ban consequences

As the Reserve Bank considers a ban on credit card surcharges, the head of the nation's biggest bank has warned of "wrong assumptions" about the payments.

Christmas bookings bring good tidings for pub giant

Australians look set to open their wallets over the festive period with hospitality giant Endeavour Group projecting strong Christmas pub bookings.

Insurance costs to 'skyrocket' after workers comp fail

Insurance premiums for many charities and small businesses are set to spike after sweeping workers compensation reforms were voted down.

Australia downplays joint climate event with Turkey

Turkey has suggested co-leading the 2026 UN climate conference with Australia in a bid to break the hosting impasse, but Australia has played down the idea.

Wages data could force RBA to turn page on rates cut

Unlikely to receive another rate cut in the next six months, borrowers will at least see the big four banks face parliamentary scrutiny in Canberra this week.

Greater police presence to crack down on violent crime

Police will be deployed across more of a major state train network and shopping centres in a bid to reduce the likelihood of violent crime.

Trump removes tariffs on Australian beef exports

Australian beef will no longer be slapped with tariffs when it is exported to the US, in a move that has been celebrated by farmers.

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