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Latest news: Economy, Business and Finance

Plan to lift GST must come with lower income tax burden

Plan to lift GST must come with lower income tax burden

A bid to strengthen the budget and improve productivity could increase the tax burden on Australians unless a balanced approach is taken, an economist warns.

Trump's higher tariffs hit goods from trading partners

Trump's higher tariffs hit goods from trading partners

Trump's higher tariffs hit goods from trading partners

Trump's higher tariffs hit goods from trading partners

Donald Trump's higher import taxes on goods from more 60 nations are taking effect.

Trump says he plans 100pct tariff on computer chips

Trump says he plans 100pct tariff on computer chips

Trump says he plans 100pct tariff on computer chips

Trump says he plans 100pct tariff on computer chips

US President Donald Trump says he's imposing a 100 per cent tariff on computer chips for companies that don't make them in America.

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More gold jackpots lurking in WA dirt, top miner says

More gold jackpots lurking in WA dirt, top miner says

The mining industry's "Dealer of the Year", Simon Lill, says there are more gold deposits of the scale of his huge Hemi find out there for prospectors.

Telcos still failing to support struggling customers

Telcos still failing to support struggling customers

Requests for help from customers experiencing financial hardship have been continually rejected by major telcos, according to the industry ombudsman's report.

Novo Nordisk warns of layoffs as pressure mounts

Novo Nordisk warns of layoffs as pressure mounts

Danish pharmaceutical giant Novo Nordisk, Europe's most valuable company, is eyeing potential cost-cutting measures.

US memo urges countries to reject UN plastic caps

US memo urges countries to reject UN plastic caps

Hopes for a "last-chance" ambitious global treaty that tackles the full life cycle of plastic pollution have dimmed.

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Modi to visit China for first time in seven years

Modi to visit China for first time in seven years

Modi to visit China for first time in seven years

Modi to visit China for first time in seven years

Donald Trump's unpredictability appears to have helped China and India overcome their niggles, with Indian Prime Minister Narendra Modi planning a visit.

Union alarm as mining giant mulls sick leave overhaul

Union alarm as mining giant mulls sick leave overhaul

Union alarm as mining giant mulls sick leave overhaul

Union alarm as mining giant mulls sick leave overhaul

Proposed changes to the sick leave policy for thousands of Rio Tinto workers has sparked union concerns other employee entitlements will also be targeted.

Australia to take 'sensible, middle path' on AI control

Australia to take 'sensible, middle path' on AI control

Australia to take 'sensible, middle path' on AI control

Australia to take 'sensible, middle path' on AI control

Artificial intelligence has emerged as a potential answer to Australia's dwindling productivity but concerns have been raised over its impact on workers.

Let's work together: miners look for price stability

Let's work together: miners look for price stability

Let's work together: miners look for price stability

Let's work together: miners look for price stability

Lithium miners have been punished by a "maniacal" Chinese supply glut in recent years, boosting calls for Australian companies to band together.

US trade deficit narrows amid drop in consumer imports

US trade deficit narrows amid drop in consumer imports

US trade deficit narrows amid drop in consumer imports

US trade deficit narrows amid drop in consumer imports

The US trade deficit narrowed in June on a sharp drop in consumer goods imports.

Price floor sends rare earths shares through the roof

Price floor sends rare earths shares through the roof

Price floor sends rare earths shares through the roof

Price floor sends rare earths shares through the roof

Shares in rare earths miners are soaring as the federal government indicates its support for a taxpayer-funded minimum price for the electronics ingredients.

Households spending on non-essentials as pressures ease

Households spending on non-essentials as pressures ease

Households spending on non-essentials as pressures ease

Households spending on non-essentials as pressures ease

An easing in household financial pressures is helping fuel spending with consumers forking out more on recreation, culture and food, fresh stats show.

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Trump threatens steeper India tariffs over Russian oil

US President Donald Trump has threatened to slap India with an even steeper tariff if they continue to purchase so much Russian oil.

Millions struggle to afford personal hygiene products

More than one in eight Australians are not buying personal hygiene products because they cannot afford them, a survey shows.

Airbnb hosts say caps won't shift them to rental market

Short-term rental hosts would be more likely to leave their properties empty than list them on the long-term rental market to aid supply, a survey shows.

Rivers of gold pour into Kalgoorlie for mining forum

Goldminers were beaming while uranium diggers ran for cover as mining’s winners and losers took centre stage at a leading industry conference.

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Climate ratings could spare buyers from risky homes

Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.

Global consortium has Whyalla steelworks in its sights

The ailing Whyalla steelworks is in the sights of an international consortium with deep pockets and led by Australia’s largest steelmaker.

'Not right': Australia urged to wind back tax breaks

Reforms to Australia's tax system have been politically risky, but without urgent action, home ownership could be out of reach for the nation's workers.

Upward spending trend unlikely to shift needle on rates

Splurging shoppers are unlikely to dent the chances of an August interest rate cut, with consumer data tipped to deliver an upward spending trend.

Younger Australia is facing a loneliness 'epidemic'

Nearly half of young Australians feel lonely, with experts warning digital life, the cost of living and lack of connection are fuelling a growing crisis.

Bull market sends mining summit back to golden age

Up-and-coming miners will hope to strike it rich as they mingle with investors and competitors at Kalgoorlie's annual Diggers and Dealers forum.

Markets plummet as Trump issues more steep tariffs

Global markets are reeling after US President Donald Trump announced his latest slew of steep tariffs on dozens of trading partners.

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