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Latest news: Economy, Business and Finance

'Like a sneeze': AI data centre boom spreads concern

'Like a sneeze': AI data centre boom spreads concern

More organisations are calling for a moratorium on data centres as their impact on water, energy and local communities remains in question.

Australian shares end volatile week on positive note

Australian shares end volatile week on positive note

Australian shares end volatile week on positive note

Australian shares end volatile week on positive note

Late rebounds in banks and miners have helped the ASX edge higher despite looming worries about energy prices and global inflation.

'Fake gas shortage': anger at premier's fracking threat

'Fake gas shortage': anger at premier's fracking threat

'Fake gas shortage': anger at premier's fracking threat

'Fake gas shortage': anger at premier's fracking threat

Conservationists have slammed a premier over his commentsabout a gas shortage and fracking in the Kimberley region if a Woodside gas project isn't developed.

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Taco 'bout a bad time: Aussie chain ditches US ambition

Taco 'bout a bad time: Aussie chain ditches US ambition

Shares in an Aussie-born Mexican fast-food chain have surged after it ditched its plan to crack the competitive US market, where Chipotle and Taco Bell rule.

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

Bowen to back electrification at UN climate summit

Bowen to back electrification at UN climate summit

Australia and Turkey have revealed the global oil crisis will prompt a major focus on electrification at the United Nations climate talks in November.

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

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Shares bounce on peace deal hopes, rate expectations

Shares bounce on peace deal hopes, rate expectations

Shares bounce on peace deal hopes, rate expectations

Shares bounce on peace deal hopes, rate expectations

A surprise uptick in employment has reduced the likelihood of a June interest rate hike, adding fuel to a local relief rally sparked by Iran peace deal hopes.

Jobless jump, Iran war shoot down fears of rate rise

Jobless jump, Iran war shoot down fears of rate rise

Jobless jump, Iran war shoot down fears of rate rise

Jobless jump, Iran war shoot down fears of rate rise

The big four banks are tipping the Reserve Bank to hold interest rates steady at its next meeting after the jobless rate surged and as the Iran war hits home.

Hanson lashes gas tax 'vandalism', reveals energy plan

Hanson lashes gas tax 'vandalism', reveals energy plan

Hanson lashes gas tax 'vandalism', reveals energy plan

Hanson lashes gas tax 'vandalism', reveals energy plan

Australia should look to Norway to shore up sovereign wealth through gas, One Nation says, as the coalition urges the resources industry to "fight like hell".

Green light for 'globally significant' rare earths mine

Green light for 'globally significant' rare earths mine

Green light for 'globally significant' rare earths mine

Green light for 'globally significant' rare earths mine

Federal government backing has been crucial in the decision to build Australia's first ore-to-oxide rare earths project, the company's CEO says.

'Out of touch': businesses blast ex-PM's budget backing

'Out of touch': businesses blast ex-PM's budget backing

'Out of touch': businesses blast ex-PM's budget backing

'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

Beef lovers steer it home for billionaire-backed firm

Beef lovers steer it home for billionaire-backed firm

Beef lovers steer it home for billionaire-backed firm

Beef lovers steer it home for billionaire-backed firm

Australian Agriculture Co has delivered its highest annual operating profit after strong consumer demand for Aussie beef pushed up prices, despite flood losses.

Australia backs historic United Nations climate vote

Australia backs historic United Nations climate vote

Australia backs historic United Nations climate vote

Australia backs historic United Nations climate vote

A United Nations vote on state climate change obligations has received overwhelming international support in a major win for its Pacific island proponents.

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SpaceX reveals blockbuster initial public offering plan

Elon Musk's SpaceX has unveiled plans for one of the biggest sales of stock to the public ever with an initial offering that could make Musk a trillionaire.

Bold promises as Vivid festival lights up the sky

Sydney's Vivid Festival is back with organisers promising a bold new festival full of surprises, as global acts dazzle and drones light up the sky.

Fears rogue AI could lead to ultimate demise of humans

One of Labor's top economic minds has warned of a one-in-six chance of humans being wiped out in the next century, with AI or a pandemic the top risks.

Putin and Xi hail ties and energy trade at China talks

China and Russia's leaders have shared warm words and stressed their growing trade and energy ties at a summit in Beijing just days after Donald Trump's visit.

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Athletes in Airbnbs: Aussie homes line up for Olympics

Households will be prepared to sleep international athletes, officials and tourists as a hotels crunch leaves Brisbane short of beds for the 2032 Olympics.

Shares drop as rising inflation sparks broad sell-off

Miners and banks have weighed heavily after a spike in bond yields hinted at major concerns about resurgent price growth and its impact on the world economy.

Australia's mining sector burning through more diesel

Despite a rising price of diesel driven by the Iran war, the mining industry is locked into the fuel type due to not being able to transition away.

Lithium price surge breathes life into shuttered mines

Two shuttered lithium mines in the Northern Territory and Western Australia have resumed operations and corporate deals are on the rise.

Travel booking site eyes rebound from market turbulence

A major online travel booking company believes it can recover from a triple whammy after increasing its net annual profit in a shifting market.

Former Rex boss admits misleading profit message

In a win for the corporate watchdog, a regional airline's former executive chair has admitted a market publication he signed off on misled the investors.

Opera Australia $10m turnaround a result to sing about

Australia's biggest performing arts company Opera Australia has staged a major financial turnaround, returning to profit in 2025.

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