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Latest news: Economy, Business and Finance

Huge win for coal miner after 'earthquake' blast

Huge win for coal miner after 'earthquake' blast

A coal company is off the hook for $200,000 in fines after successfully quashing convictions related to a mine blast which landed two workers in hospital.

Gina Rinehart's flagship iron ore mine lays off workers

Gina Rinehart's flagship iron ore mine lays off workers

Gina Rinehart's flagship iron ore mine lays off workers

Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

Qantas to announce launch of ultra-long-haul flights

Qantas to announce launch of ultra-long-haul flights

Qantas to announce launch of ultra-long-haul flights

Qantas to announce launch of ultra-long-haul flights

Qantas is poised to announce the first destinations for the world's longest non-stop flights under its "Project Sunrise" plan that's expected to launch in 2027.

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G7 leaders pledge to address global debt vulnerability

G7 leaders pledge to address global debt vulnerability

G7 leaders have vowed to enhance efforts to address escalating global debt vulnerabilities in developing countries that threaten economic stability.

Buy now, pay later rules reveal hidden financial stress

Buy now, pay later rules reveal hidden financial stress

Australia's buy now, pay later segment is maturing in its first year governed by consumer credit laws after roughly a decade in a regulatory wilderness.

Startups wouldn't exist under tax reform, inquiry told

Startups wouldn't exist under tax reform, inquiry told

Investors are warning some of Australia's most successful companies wouldn't exist under proposed tax changes, as Labor pushes ahead with its planned reform.

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

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'Supercharged': El Nino brings drier, hotter conditions

'Supercharged': El Nino brings drier, hotter conditions

'Supercharged': El Nino brings drier, hotter conditions

'Supercharged': El Nino brings drier, hotter conditions

Scientists say an El Nino phase will bring drier weather, with some advocacy groups worried bushfire conditions could be primed for a tough summer.

RBA keeps rates on hold but leaves door open to hikes

RBA keeps rates on hold but leaves door open to hikes

RBA keeps rates on hold but leaves door open to hikes

RBA keeps rates on hold but leaves door open to hikes

Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.

Fight and flight: tax inquiry fuming just a smokescreen

Fight and flight: tax inquiry fuming just a smokescreen

Fight and flight: tax inquiry fuming just a smokescreen

Fight and flight: tax inquiry fuming just a smokescreen

Fears startup founders will pack up and move their businesses overseas due to tax changes are unfounded, a parliamentary inquiry hearing has been told.

Shares trim losses as RBA holds rates, outlook unclear

Shares trim losses as RBA holds rates, outlook unclear

Shares trim losses as RBA holds rates, outlook unclear

Shares trim losses as RBA holds rates, outlook unclear

The Reserve Bank has paused its rate hiking cycle, offering investors a breather after a run of poor economic data and worries around investment tax reforms.

'Taken for mugs': KPMG referred for corruption probe

'Taken for mugs': KPMG referred for corruption probe

'Taken for mugs': KPMG referred for corruption probe

'Taken for mugs': KPMG referred for corruption probe

Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.

'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

Laws enshrining the legal right to work from home have arrived in the Victorian parliament, angering sections of the state's business community.

Burger joint accused of 'misleading' green promotion

Burger joint accused of 'misleading' green promotion

Burger joint accused of 'misleading' green promotion

Burger joint accused of 'misleading' green promotion

Popular hamburger franchise Grill'd has been accused of misleading customers over a tree-planting donation campaign.

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Super funds lagging on direct renewables investment

Australia's superannuation sector could be missing its chance to own the nation's green energy future, but the super industry says it's well invested.

Historic Kyiv monastery damaged, 10 killed in Ukraine

European leaders have sharply criticised Russia's latest attacks on Ukraine, which sparked a fire at a UNESCO world heritage site in Kiev.

Better but 'not perfect' tax reform wins expert support

Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

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Australia's fiscal metrics 'broadly weaker' than peers

A top rating agency has reiterated its confidence in Australia's ability to pay its bills, while hinting at potential longer-term issues with its NDIS spending.

ASX to pay $20.5m penalty for misleading market

The Australian Securities Exchange has reached an agreement with the corporate regulator to settle legal action and avoid a trial over misleading statements.

Government-backed clean manufacturing gets public tick

Most Australians back more government involvement in clean energy, while less than a quarter believe privatisation of the sector has helped the nation.

UK retail giant makes hostile bid for Hype DC owner

The British company that owns Sports Direct is offering to buy Accent Group for $390 million, saying it has concerns about its management and chairman.

Reserve Bank meets with rates tipped to stay on hold

Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.

Geneva on high alert as 50,000 G7 protesters expected

Luxury shops and banks are boarded up in the Swiss city of Geneva in anticipation of anti-G7 protests as leaders attending the summit are due to fly in.

Relief likely as Reserve Bank tipped to hold cash rate

The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels.

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