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Latest news: Economy, Business and Finance

Major super fund sued over tardy death benefit payouts

Major super fund sued over tardy death benefit payouts

AustralianSuper is the latest major super fund to face legal action for allegedly failing to pay out benefits to families of dead members in a timely manner.

Leading economists call out coalition's inflation claim

Leading economists call out coalition's inflation claim

Leading economists call out coalition's inflation claim

Leading economists call out coalition's inflation claim

As the economy looks set to be front and centre in the election campaign, one of the coalition’s leading inflation claims has been called “a joke” by experts.

Workplace equality backlash prompts call to include men

Workplace equality backlash prompts call to include men

Workplace equality backlash prompts call to include men

Workplace equality backlash prompts call to include men

Gender equality policies have become a "convenient scapegoat" for broad economic worries and men must be included in a new conversation, women's advocates say.

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Scams costing Aussies $2 billion despite losses falling

Scams costing Aussies $2 billion despite losses falling

The amount Australians lost to scams fell by 25 per cent in 2024 to $2 billion as widespread campaigns to reduce their financial burden continue.

Consumer confidence surges on back of interest rate cut

Consumer confidence surges on back of interest rate cut

Australia's economic outlook is looking rosier as inflation continues to fall and following the first decline in interest rates in more than four years.

Blueprint to get nation moving, boost household budgets

Blueprint to get nation moving, boost household budgets

Revamped competition rules would swell the nation's households by billions of dollars while helping to ease the cost of living, the federal government says.

Mark Carney wins race to replace Trudeau as Canada's PM

Mark Carney wins race to replace Trudeau as Canada's PM

Former central banker Mark Carney has launched a scathing attack on Donald Trump after winning the race to succeed Justin Trudeau as Canada's prime minister.

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'Insurance catastrophe' declared, 3000 claims so far

'Insurance catastrophe' declared, 3000 claims so far

'Insurance catastrophe' declared, 3000 claims so far

'Insurance catastrophe' declared, 3000 claims so far

Thousands of insurance claims have been made during ex-tropical cyclone Alfred's assault but its still early to estimate the total damage bill.

Consumer confidence expected to rebound after rate cut

Consumer confidence expected to rebound after rate cut

Consumer confidence expected to rebound after rate cut

Consumer confidence expected to rebound after rate cut

A long-awaited Reserve Bank of Australia rate cut should boost consumer and business sentiment in two surveys from February due out this week.

Labor set for budget boost thanks to higher tax take

Labor set for budget boost thanks to higher tax take

Labor set for budget boost thanks to higher tax take

Labor set for budget boost thanks to higher tax take

Australia's bottom line will be $11 billion better off, if the government releases a budget before the election, a leading economist predicts.

Meghan and Drew share hugs and memories in TV show talk

Meghan and Drew share hugs and memories in TV show talk

Meghan and Drew share hugs and memories in TV show talk

Meghan and Drew share hugs and memories in TV show talk

In a TV show appearance with talk queen and actor Drew Barrymore, the Duchess of Sussex has opened up about her love of "touch and hold and embrace".

Last-minute buyer saves century-old cheese maker

Last-minute buyer saves century-old cheese maker

Last-minute buyer saves century-old cheese maker

Last-minute buyer saves century-old cheese maker

King Island Dairy, which was slated to close, has been given a lifeline, with owner Saputo announcing it has found a buyer for the specialty cheese business.

Trump delays more tariffs amid US economic uncertainty

Trump delays more tariffs amid US economic uncertainty

Trump delays more tariffs amid US economic uncertainty

Trump delays more tariffs amid US economic uncertainty

Donald Trump has postponed tariffs on many imports from Mexico and some from Canada for a month amid widespread fears of the economic fallout from a trade war.

Rich getting richer: wealth divide hits record high

Rich getting richer: wealth divide hits record high

Rich getting richer: wealth divide hits record high

Rich getting richer: wealth divide hits record high

Australia's wealth divide reached its worst level in more than two decades, after excluding a temporary narrowing during the COVID-19 pandemic.

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Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

Trump gives automakers short exemption from new tariffs

President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for US automakers.

Trump triggers trade war with Canada, China and Mexico

President Donald Trump has launched a trade war against the US's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China.

More pain for commuters as pay stoush stalls metro work

Train passengers will be stuck on replacement buses for longer after conversion work on part of the nation's biggest public rail transport project was delayed.

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Coalition backs away from insurers break-up pledge

Peter Dutton's plan to pursue laws to break up insurance companies who rip off costumers has been knocked on the head by his shadow treasurer.

Green shoots for economy as Australia snaps dire record

Australia has accelerated out of an economic slump after expanding by 1.3 per cent in 2024, leading to a rise in per capita growth - a proxy for prosperity.

RBA deputy denies rate cut contradicted own forecasts

The Reserve Bank board did not disagree with its own staff over its inflation forecast as some commentators have suggested, deputy governor Andrew Hauser says.

Calls grow to banish 'anti-democratic' bracket creep

Economists have backed a teal proposal to index income tax thresholds to end bracket creep, which is placing an increased burden on working Australians.

Bosses urged to stay flexible as gender pay gap narrows

The gender pay gap is steadily closing amid warnings revoking work from home flexibility will impact women's ability to earn more.

Revelations in minutes of interest rate drought breaker

Minutes from the Reserve Bank meeting that finally lower interest rates shows board members responding to signals from recent trends in two key areas.

Stocks tumble as Trump locks in Canada, Mexico tariffs

US President Donald Trump's taxes on imports from Mexico and Canada is sparking fears of a North American trade war that will hike inflation and hinder growth.

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