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Latest news: Economy, Business and Finance

Full extent of Trump's tariff slap on economy revealed

Full extent of Trump's tariff slap on economy revealed

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

Call for adult wages for youth in retail, fast food

Call for adult wages for youth in retail, fast food

Call for adult wages for youth in retail, fast food

Call for adult wages for youth in retail, fast food

A union is demanding the federal government implement adult wages for young workers in retail, fast food and pharmacy jobs.

Japanese firms reportedly cash in on-selling Aussie gas

Japanese firms reportedly cash in on-selling Aussie gas

Japanese firms reportedly cash in on-selling Aussie gas

Japanese firms reportedly cash in on-selling Aussie gas

More Australian liquefied natural gas appears to be bypassing Japanese ownership before landing in a third destination than exports from any other country.

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Major industrial employer scales back amid tariffs

Major industrial employer scales back amid tariffs

A major Australian manganese alloy smelter has scaled back production, citing global supply chain issues and US tariffs, and is encouraging staff to take leave.

Telstra accused of beating around the bush on coverage

Telstra accused of beating around the bush on coverage

Telstra admits changing its website to update coverage claims, but denies it misled customers as the consumer watchdog considers the allegations.

Search for signs of Trump trade slowdown as RBA meets

Search for signs of Trump trade slowdown as RBA meets

Uncertainty, both known and unknown, surrounding Donald Trump's tariffs and their economic impact could spur the Reserve Bank to cut interest rates on Tuesday.

Interest rate cut tipped despite Trump tariff backdown

Interest rate cut tipped despite Trump tariff backdown

The Reserve Bank is widely expected to deliver a second interest rate cut as global trade uncertainty threatens to rain on Australia's economy.

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Thorny nature reforms threaten to entangle new minister

Thorny nature reforms threaten to entangle new minister

Thorny nature reforms threaten to entangle new minister

Thorny nature reforms threaten to entangle new minister

Labor's pledge to deliver a once-in-a-generation overhaul of environmental laws went unfulfilled in its first term, leaving a new minister to finish the job.

US to send letters within weeks on trade: Trump

US to send letters within weeks on trade: Trump

US to send letters within weeks on trade: Trump

US to send letters within weeks on trade: Trump

US letters on trade will be sent to other countries over the next two to three weeks, US President Donald Trump says.

Mind the gap: $1 million homes driving up wealth divide

Mind the gap: $1 million homes driving up wealth divide

Mind the gap: $1 million homes driving up wealth divide

Mind the gap: $1 million homes driving up wealth divide

Home ownership rates continue to decline as more homes crack $1 million in value, making it harder for young Australians to keep up.

Mortgage relief could be limited as jobs market expands

Mortgage relief could be limited as jobs market expands

Mortgage relief could be limited as jobs market expands

Mortgage relief could be limited as jobs market expands

An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.

Telco complaints a symptom of cost-of-living crisis

Telco complaints a symptom of cost-of-living crisis

Telco complaints a symptom of cost-of-living crisis

Telco complaints a symptom of cost-of-living crisis

Telcos are failing to offer sufficient help to customers struggling to pay their bills, as the telecommunications watchdog receives a spike in complaints.

'Hubris': financial giant in hot water over breaches

'Hubris': financial giant in hot water over breaches

'Hubris': financial giant in hot water over breaches

'Hubris': financial giant in hot water over breaches

Macquarie's brokering arm is being taken to court by the financial regulator for allegedly failing to report up to 1.5 billion short sales over 14 years.

Money still on rate cut despite surprise spike in wages

Money still on rate cut despite surprise spike in wages

Money still on rate cut despite surprise spike in wages

Money still on rate cut despite surprise spike in wages

Workers have enjoyed their sixth consecutive quarter of pay packet growth as all eyes turn to the Reserve Bank's upcoming decision on interest rates.

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Consumers in crossfire despite US-China trade war truce

An index measuring consumer sentiment is improving after the US tariff announcements, but Australians are warned the economic impact still remains uncertain.

Gender diversity in workplaces could help boost profit

A new leadership network aims to help Australian companies and organisations reap the benefits of gender diversity, including the potential to boost profits.

US and China reach deal to cut trade tariffs - for now

The US and China have agreed to slash tariffs for 90 days following talks aiming to end a trade war that's raised fears for the global economy.

Jobs and wage data in focus ahead of interest rate call

Most analysts are asking not if, but by how much, the Reserve Bank will cut interest rates - and upcoming jobs data could be pivotal to that decision.

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Trump hails China talks, says 'total reset' negotiated

Donald Trump says a "total reset" has been negotiated during tariff talks between the US and China, and "great progress" has been made.

US, UK announce trade deal but 10 per cent duties stay

UK beef farmers will be allowed access to the US market after a deal, joining a group of select countries including Australia with such an arrangement.

Power for millions of homes in major clean energy call

Grid access has been granted to ten renewables projects expected to supply electricity to more than half the homes in the country's most populous state.

ANZ shares sell-off after flat cash profit of $3.6b

Investors have hit sell on ANZ shares after the big four bank posted a cash profit less than what the market hoped to see.

NAB's $3.6b earnings top expectations but risks remain

National Australia Bank has reported a slight rise in interim earnings and says it's in good shape despite the economic threat posed by US tariffs.

Cash splash on Mother's Day, as fewer take part

Millions of mums will be spoiled as their loved ones splurge near a billion dollars on gifts and experiences this Mother's Day.

US could announce some trade deals 'this week'

US President Donald Trump's administration is negotiating with 17 major trading partners on deals, Treasury Secretary Scott Bessent says.

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