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Latest news: Economy, Business and Finance

Year-long inquiry into CFMEU 'thuggery' begins

Year-long inquiry into CFMEU 'thuggery' begins

A prominent industrial relations lawyer has kicked off an inquiry into allegations of criminal links and workplace harassment in a construction union.

Business lobby rejects proposed company tax overhaul

Business lobby rejects proposed company tax overhaul

Business lobby rejects proposed company tax overhaul

Business lobby rejects proposed company tax overhaul

The corporate sector is rallying against calls for a new cashflow tax for businesses, while small companies would have their rate cut under the reforms.

Global demand helps push ResMed shares to record high

Global demand helps push ResMed shares to record high

Global demand helps push ResMed shares to record high

Global demand helps push ResMed shares to record high

ResMed shares have hit an all-time high after the medical device-maker beat expectations on both revenue and profit.

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Smelter owners urged to put more on the table

Smelter owners urged to put more on the table

The federal government has not ruled out any support measures as it calls on a mining giant to step up and save a copper smelter in regional Australia.

Trump hits dozens of countries with new tariffs

Trump hits dozens of countries with new tariffs

Donald Trump has set new tariffs on a wide swath of US trading partners that will test the sturdiness of American alliances built up over decades.

Nostalgia and political beef cap first sitting period

Nostalgia and political beef cap first sitting period

After infighting, political beef over cattle and the passage of an election promise, the 48th parliament has celebrated the end of its first sitting period.

US central bank leaves interest rates unchanged

US central bank leaves interest rates unchanged

The US central bank has left its interest rate unchanged for the fifth time this year.

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Trump says US to impose 25 per cent tariff on India

Trump says US to impose 25 per cent tariff on India

Trump says US to impose 25 per cent tariff on India

Trump says US to impose 25 per cent tariff on India

US President Donald Trump says the United States will impose a 25 per cent tariff on Indian goods, citing India's tariffs and non-monetary trade barriers.

Embrace AI or suffer: Atlassian billionaire's warning

Embrace AI or suffer: Atlassian billionaire's warning

Embrace AI or suffer: Atlassian billionaire's warning

Embrace AI or suffer: Atlassian billionaire's warning

Billionaire tech founder Scott Farquhar says Australia must make changes in its laws to become a powerhouse in the region for artificial intelligence.

Star's sale of Queens Wharf entertainment hub stalled

Star's sale of Queens Wharf entertainment hub stalled

Star's sale of Queens Wharf entertainment hub stalled

Star's sale of Queens Wharf entertainment hub stalled

Star Entertainment Group says it is unlikely to finalise an deal to sell its half-stake in a Brisbane entertainment complex by Thursday's deadline.

Trump deciding trade deals by August 1: Lutnick

Trump deciding trade deals by August 1: Lutnick

Trump deciding trade deals by August 1: Lutnick

Trump deciding trade deals by August 1: Lutnick

US President Donald Trump will decide on trade deals this week as talks with China and the European Union continue, US Commerce chief Howard Lutnick says.

Nation urged to increase spending on AI storage

Nation urged to increase spending on AI storage

Nation urged to increase spending on AI storage

Nation urged to increase spending on AI storage

Australia lacks the data storage capacity to take advantage of artificial intelligence and the nation's productivity could suffer as a result, experts warn.

Unions call for stricter AI restrictions in workplaces

Unions call for stricter AI restrictions in workplaces

Unions call for stricter AI restrictions in workplaces

Unions call for stricter AI restrictions in workplaces

The ACTU is calling for tougher regulations to protect jobs during the rollout of artificial intelligence in the workplace.

Trump considering 'world tariff' of 15-20 per cent

Trump considering 'world tariff' of 15-20 per cent

Trump considering 'world tariff' of 15-20 per cent

Trump considering 'world tariff' of 15-20 per cent

Most countries will likely face tariffs of 15 per cent to 20 per cent on their exports to the United States, US President Donald Trump says.

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Banks forced to take action on high-fee accounts

Banks must ask themselves some 'difficult questions' following a review by ASIC, which has resulted in refunds totalling millions for low-income customers.

US, China to launch new talks on tariff truce extension

The US and China sides will refrain from introducing new tariffs or other steps that could escalate the trade war for another 90 days, a report says.

Trump agrees outline trade deal with EU's von der Leyen

US President Donald Trump and EU Commission chief Ursula von der Leyen have agreed to the framework of a trade deal fixing tariffs at 15 per cent on EU goods.

Aussies missing out on payoff from research investment

Australian tech darlings Cochlear and Atlassian have lent their voices to a push to revamp research and development investment and reboot stagnant productivity.

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West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

The piece of data that could decide next rate decision

Quarterly inflation data will dominate the economic agenda this week, while dwelling approvals, retail sales and property price figures will also be revealed.

EU chief heads to Scotland for trade talks with Trump

Donald Trump is set to meet with EU Commission head Ursula von der Leyen in a bid to hash out what could be the Trump administration's biggest trade deal yet.

Tourist mecca fighting to turn tide on Mother Nature

The Gold Coast could be pushing sand uphill as it works to restore beaches eroded by ex-Tropical Cyclone Alfred.

US steaks on the barbie: Trump smug on Aust beef u-turn

US President Donald Trump is celebrating Australia's backdown on US beef, but experts doubt America will be able to sell substantial amounts Down Under.

Creators trying to make 'wage slaves' care about tax

Content creators have mingled with economists at a tax roundtable at Parliament House hosted by teal MP Allegra Spender to get the message to a new audience.

Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

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