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Latest news: Economy, Business and Finance

Australian shares snap eight-session run of losses

Australian shares snap eight-session run of losses

The ASX has ended the week on a positive note, buoyed by strong US earnings despite ongoing uncertainty over the Gulf energy crisis.

Rail service slashes weekday trains during union fight

Rail service slashes weekday trains during union fight

Rail service slashes weekday trains during union fight

Rail service slashes weekday trains during union fight

Commuters in an Australian capital are set to be hit by reduced weekday train services due to industrial action on the state network.

Clean up AI or go away: rules proposed for data centres

Clean up AI or go away: rules proposed for data centres

Clean up AI or go away: rules proposed for data centres

Clean up AI or go away: rules proposed for data centres

Artificial intelligence companies should promise they have not broken the law before building a data centre in Australia, an inquiry has been told.

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Snoring leader buys restless leg syndrome device maker

Snoring leader buys restless leg syndrome device maker

Sleep apnoea company Resmed has acquired a California firm that makes a device for patients with restless leg syndrome, the third-biggest sleep disorder.

Major smelters under a cloud, government money runs out

Major smelters under a cloud, government money runs out

Talks between three governments and the operator of two smelters, which produce critical minerals and employ more than 100 people, have reached a stalemate.

Stratospheric dreams of a new city coming back to earth

Stratospheric dreams of a new city coming back to earth

A premier has warned breathless developers to keep their heads out of the clouds as one of Australia's biggest cities marches relentlessly into the bush.

Big bunnies and grog sales take a wartime shopping hit

Big bunnies and grog sales take a wartime shopping hit

Coles shoppers adjusted their spending patterns after the Middle East war began, spending less on liquor and even buying smaller Easter chocolate bunnies.

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Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.

Musk testifies he didn't read 'fine print' about OpenAI

Musk testifies he didn't read 'fine print' about OpenAI

Musk testifies he didn't read 'fine print' about OpenAI

Musk testifies he didn't read 'fine print' about OpenAI

Elon Musk has sparred with a lawyer for OpenAI during his third day of testimony in a trial over the firm's pivot away from its non-profit status.

Hopes of wartime windfall shot down for federal budget

Hopes of wartime windfall shot down for federal budget

Hopes of wartime windfall shot down for federal budget

Hopes of wartime windfall shot down for federal budget

The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.

Aussie shares slip as brent crude hits new wartime high

Aussie shares slip as brent crude hits new wartime high

Aussie shares slip as brent crude hits new wartime high

Aussie shares slip as brent crude hits new wartime high

The local share market has endured its longest losing streak since 2018 as oil prices hit $US126 a barrel and hopes fade of a quick end to the Middle East war.

Woolies cites post-COVID instability in prices stoush

Woolies cites post-COVID instability in prices stoush

Woolies cites post-COVID instability in prices stoush

Woolies cites post-COVID instability in prices stoush

Australia's biggest supermarket chain has defended its discounts, as the consumer watchdog's joint court case against Woolies and Coles nears the finish line.

Food giant sounds the alarm: shoppers are struggling

Food giant sounds the alarm: shoppers are struggling

Food giant sounds the alarm: shoppers are struggling

Food giant sounds the alarm: shoppers are struggling

Woolworths has seen a "major shift" in consumer sentiment due to the Middle East war and spiking petrol prices, with many struggling to make ends meet.

'Demand more': rallying call issued on gender equality

'Demand more': rallying call issued on gender equality

'Demand more': rallying call issued on gender equality

'Demand more': rallying call issued on gender equality

As a major gender equality conference comes to a close, focus is turning to the next steps for the movement and the demands they have for their leaders.

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Legal action against troubled smelter dropped

Australia's only manganese smelter, which is under administration and seeking a new buyer, will no longer be pursued legally by the regulator.

Treasurer downplays property tax windfall from budget

Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing and the capital gains tax discount will add to the budget.

US Fed holds rates, three members dissent on ease bias

The US central bank is leaving its interest rate unchanged for the third straight meeting but signalling it could still cut rates in the coming months.

Batteries undercutting gas, keeping lid on power bills

Batteries are now the primary tool for managing evening spikes in electricity demand, a job previously falling to gas and hydro at greater expense.

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China agreed to co-operate on jet fuel exports: Wong

Foreign Minister Penny Wong says countries need to work together "to keep fuel and goods flowing" during a visit to China.

Bill hikes loom as shrinking gas pool pays for network

A national electrification blueprint targeting no gas in new homes by 2028 and all-electric housing by 2050 has been pitched to evade network death spiral.

ASX continues slide as inflation points to rate hike

Resurgent inflation has increased the odds the Reserve Bank hiking the cash rate at its next meeting, with ongoing price growth to drag on company earnings.

Push for leaders to see climate as gender issue

Global leaders are urged to consider the climate and gender equality crises as one and the same as women and girls bear the brunt of climate change impacts.

'Deeply concerning': childcare centre closures attacked

An embattled childcare group rocked by abuse allegations against one of its workers is closing down dozens of centres.

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

Online safety leader stares down abuse, death threats

Australia's eSafety commissioner has endured significant online threats since implementing the social media ban, but says they only encourage her to "dig in".

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