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Latest news: Economy, Business and Finance

Australia's digital 'arteries' vulnerable to attack

Australia's digital 'arteries' vulnerable to attack

Disruption to the underwater cables connecting Australia to the world could be devastating, the defence minister has warned a major Asian security summit

Diesel boost on the water for bottlenecked regions

Diesel boost on the water for bottlenecked regions

Diesel boost on the water for bottlenecked regions

Diesel boost on the water for bottlenecked regions

The federal government has secured additional diesel to help ease Queensland's regional supply bottlenecks.

Small business switched off from electrification boom

Small business switched off from electrification boom

Small business switched off from electrification boom

Small business switched off from electrification boom

Small business is often neglected in decarbonisation efforts, exposing them to volatile fossil fuel markets and holding back climate progress.

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'Blows my mind': KPMG's whistleblower issues collide

'Blows my mind': KPMG's whistleblower issues collide

A consultancy firm facing claims it mishandled allegations of misconduct by a whistleblower was dealing with whistleblower complaints for major companies.

Retailers under attack from weak demand, rising costs

Retailers under attack from weak demand, rising costs

Australia's retail sector faces a pincer attack as the war in the Middle East increases costs and pushes consumers to the brink.

Deal hopes help Aussie shares end rocky week in front

Deal hopes help Aussie shares end rocky week in front

An expected ceasefire extension between the US and Iran has breathed life into Australia's stock exchange, with the conflict verging on its fourth month.

AI risks deepening divide between investors and workers

AI risks deepening divide between investors and workers

The rise of AI could result in a higher share of Australia's economic pie going to people who own assets rather than those who work for a living.

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Online spaces, social media speeding up radicalisation

Online spaces, social media speeding up radicalisation

Online spaces, social media speeding up radicalisation

Online spaces, social media speeding up radicalisation

Social media, gaming platforms and other internet spaces are increasing the speed of radicalisation, posing a significant threat to young Australians.

AFP defends Roberts-Smith arrest as media leak probed

AFP defends Roberts-Smith arrest as media leak probed

AFP defends Roberts-Smith arrest as media leak probed

AFP defends Roberts-Smith arrest as media leak probed

The AFP has denied leaking details of alleged war criminal Ben Roberts-Smith's arrest to the media as it backed its prosecution of the former SAS soldier.

Reuters executive confirmed as ABC's top news chief

Reuters executive confirmed as ABC's top news chief

Reuters executive confirmed as ABC's top news chief

Reuters executive confirmed as ABC's top news chief

The ABC has plucked a Reuters executive to take over as news director, hours after the broadcaster's managing director denied pushing out his predecessor.

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.

Data centres drive record $6 billion investment boom

Data centres drive record $6 billion investment boom

Data centres drive record $6 billion investment boom

Data centres drive record $6 billion investment boom

A spike in spending on equipment needed to power AI has underpinned strong growth in business investment, despite a slowdown in consumer spending.

Shares drop and oil surges as US, Iran trade strikes

Shares drop and oil surges as US, Iran trade strikes

Shares drop and oil surges as US, Iran trade strikes

Shares drop and oil surges as US, Iran trade strikes

Miners, banks and IT stocks have dragged on the local bourse as renewed hostilities in the Persian Gulf rattle an already fragile US-Iran ceasefire.

'Atrocious incidents' known to detention centre bosses

'Atrocious incidents' known to detention centre bosses

'Atrocious incidents' known to detention centre bosses

'Atrocious incidents' known to detention centre bosses

The US company in charge of Villawood Detention Centre has been subject to management complaints, including regarding escapes, sexual assaults and fires.

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Resilient forgotten generation is coping, not thriving

Generation X, which sits between Baby Boomers and Millennials, are the subject of a new Australian study into how they feel about their financial future.

NZ shuns 'sugar hits' in budget, cuts growth forecast

New Zealand has unveiled a bare-bones budget with a projected surplus sooner than expected, but few incentives for voters in an election year.

Shares bounce on cool inflation data but risks remain

Interest rate-sensitive stocks have forged ahead after a softening in headline inflation helped brighten an otherwise gloomy outlook for interest rates.

Falling fuel prices bolster hopes for RBA rate reprieve

A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.

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Electric-ready homes could stop default swaps to gas

Preparing households for the sudden breakdown of fossil-fuelled appliances has been billed as a way to spur more electric purchases.

Cheesed off: Aussie dairy at centre of trade quandary

Australian cheese has become the subject of a long debate in Senate estimates, with concerns producers are not getting a fair slice under the EU trade deal.

Farmers eye yield gains as fertiliser, fuel costs surge

Nufarm shares have soared to a one-year high after the Melbourne-based agribusiness reported a first-half profit increase of 28 per cent to $38 million.

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

Treasurer hoses down calls to carve up his tax revamp

Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.

Liquor firm cuts back on wine to focus on pubs growth

Endeavour Group, which owns Dan Murphy's, BWS, and hundreds of pubs, plans to take $300 million in costs out of the business to support its future growth.

Data centre power concerns spark moratorium call

A report by Greenpeace has challenged claims Australia's AI-fuelled data centre boom can support rather than undermine the clean energy transition.

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