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Latest news: Economy, Business and Finance

Inflation 'quirks' unlikely to spook Reserve Bank board

Inflation 'quirks' unlikely to spook Reserve Bank board

Hopes of a rate cut have slipped after a shock surge in inflation, but it's not off the cards yet with more data to come before the next Reserve Bank meeting.

Workers, union line up for share of $90m Qantas fine

Workers, union line up for share of $90m Qantas fine

Workers, union line up for share of $90m Qantas fine

Workers, union line up for share of $90m Qantas fine

A judge is deciding who should get payouts from a $90 million Qantas fine after the airline was ordered to pay the record penalty for illegally sacking staff.

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.

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Flight Centre expects travel turbulence to continue

Flight Centre expects travel turbulence to continue

Flight Centre isn't expecting its profit to grow until 2026 after its 2024/25 earnings took a hit from Middle East hostilities and a downturn in US travel.

Australia, other countries face US anti-dumping duties

Australia, other countries face US anti-dumping duties

The US government has announced anti-dumping and countervailing duties against 10 trading partners including Australia after a probe into steel products.

Watchdog sets sights on protecting retirees' pensions

Watchdog sets sights on protecting retirees' pensions

Superannuation firms exploiting members in retirement and allowing them to invest in high-risk funds will be the target of Australia's corporate watchdog.

Fast or gradual: RBA debate shapes rates outlook

Fast or gradual: RBA debate shapes rates outlook

A debate inside the Reserve Bank board over the tightness of Australia's labour market could determine how quickly it moves to cut interest rates.

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Buying frenzy for Coles shares after bumper sales year

Buying frenzy for Coles shares after bumper sales year

Buying frenzy for Coles shares after bumper sales year

Buying frenzy for Coles shares after bumper sales year

Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.

Mail mess as Australia Post stamps out US deliveries

Mail mess as Australia Post stamps out US deliveries

Mail mess as Australia Post stamps out US deliveries

Mail mess as Australia Post stamps out US deliveries

Businesses are counting the cost of Australia Post suddenly suspending many deliveries to the US and Puerto Rico because of import tariff rules changes.

Iron ore giant's profit falls, green energy vow stays

Iron ore giant's profit falls, green energy vow stays

Iron ore giant's profit falls, green energy vow stays

Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

Starring role for households in least-cost transition

Starring role for households in least-cost transition

Starring role for households in least-cost transition

Starring role for households in least-cost transition

Solar panels adorn more than four million rooftops and the energy regulator wants these sorts of energy assets playing nicely with the grid moving forward.

'Unreasonable' delay in decision to protect rock art

'Unreasonable' delay in decision to protect rock art

'Unreasonable' delay in decision to protect rock art

'Unreasonable' delay in decision to protect rock art

The federal environment minister has taken an unreasonably long time to determine an application to protect rock art near a gas plant, a court has found.

Santos extends deadline for $36b takeover for 2nd time

Santos extends deadline for $36b takeover for 2nd time

Santos extends deadline for $36b takeover for 2nd time

Santos extends deadline for $36b takeover for 2nd time

Santos has granted the Abu Dhabi National Oil Company and investment group Carlyle a second extension to firm up its $36 billion tentative takeover offer.

BWS owner cuts dividend as Aussies avoid booze splurge

BWS owner cuts dividend as Aussies avoid booze splurge

BWS owner cuts dividend as Aussies avoid booze splurge

BWS owner cuts dividend as Aussies avoid booze splurge

Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.

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Bank customers more scam savvy as fraud losses fall

Australian bank customers are losing less money to scams as they gain more knowledge about grifts and banks boost defences.

Clashes as asylum protests take place across the UK

Police have clashed with protesters in multiple cities across the UK amid continued tension around accommodating asylum seekers in hotels.

Inflation update to shape further rate cut expectations

A particularly weak inflation print on Wednesday could raise hopes for a back-to-back Reserve Bank interest rate cut next month.

Tax perks on super for retirees 'deserved': treasurer

As the government considers tax changes to give younger generations a break, concessions on super for retirees are still fair, Jim Chalmers says.

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Warning building rule book freeze not consequence-free

A pause or review of the construction code has garnered support as a way to speed up home building but some argue a full hiatus could be counterproductive.

Aussie sunscreen product rubbed out after testing fail

A popular brand's sunscreen has been withdrawn from shelves after it failed to deliver consistent SPF ratings during independent testing.

Treasurer mulls making tax fairer for young Australians

Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.

EU pushes for lower US car tariff in trade deal outline

The EU has secured steps to reduce punishing US tariffs on European cars as the two trading partners agree on a framework for resolving their trade dispute.

'Holy grail': treasurer hails quick wins as summit ends

After 29 hours, 327 contributions and one major blow-up, Jim Chalmers' economic roundtable has served up a slew of reform ideas and a few unanswered questions.

Arts sector poised to benefit from AI content deal

Australian creatives would be paid for content used to train artificial intelligence under a model being hashed out by unions and business groups.

Classic country houses holding back the regional dream

Australia's regions are facing a worsening housing shortage, with typical country houses part of the complex problem, a report has found.

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