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Latest news: Economy, Business and Finance

Why shock drop in jobs won't shift RBA rate cut bets

Why shock drop in jobs won't shift RBA rate cut bets

Fewer older Australians returned to work in February, driving a surprise fall in jobs and workforce participation but the labour market remains tight overall.

Gas shortfall delayed as homes electrify, winters mild

Gas shortfall delayed as homes electrify, winters mild

Gas shortfall delayed as homes electrify, winters mild

Gas shortfall delayed as homes electrify, winters mild

Australia's southern states are still facing gas shortfall warnings yet the timeline has been pushed out by three years.

Tariffs spell death knell for businesses on the brink

Tariffs spell death knell for businesses on the brink

Tariffs spell death knell for businesses on the brink

Tariffs spell death knell for businesses on the brink

Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.

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Treasurer to tighten belt in 'few surprises' budget

Treasurer to tighten belt in 'few surprises' budget

Treasurer Jim Chalmers has hosed down speculation of a major upgrade to forecast revenue and warned of "few surprises" on budget night.

'The King is King of Australia': Backlash over $5 note

'The King is King of Australia': Backlash over $5 note

Monarchists have slammed the central bank's decision not to include the King's portrait on the $5 note, saying the government is pushing to become a republic.

Tariffs and growth slump a concern for banking leaders

Tariffs and growth slump a concern for banking leaders

Australia's economic growth forecasts have been downgraded due to Donald Trump's trade war, keeping its most important financial leaders on their toes.

Active Super to pay $10.5 million for greenwashing

Active Super to pay $10.5 million for greenwashing

A super fund has been ordered to pay millions of dollars and cover the regulator's legal costs for misleading members about its green credentials.

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Cyclone's blow to budget as food, building costs hit

Cyclone's blow to budget as food, building costs hit

Cyclone's blow to budget as food, building costs hit

Cyclone's blow to budget as food, building costs hit

The full impact of the destruction wrought by Cyclone Alfred is being assessed, with grocery and construction prices under pressure.

US launches large-scale strikes on Yemen's Houthis

US launches large-scale strikes on Yemen's Houthis

US launches large-scale strikes on Yemen's Houthis

US launches large-scale strikes on Yemen's Houthis

The US has launched a series of airstrikes on Yemen's Iran-aligned Houthis after they resumed attacks on ships passing through the Red Sea and Arabian Sea.

Jobs market to hold strong in face of tariff threat

Jobs market to hold strong in face of tariff threat

Jobs market to hold strong in face of tariff threat

Jobs market to hold strong in face of tariff threat

Australia's unemployment rate is expected to stay remarkably low when jobs data is released on Thursday, as the Reserve Bank considers more rate cuts.

US tariffs should be a 'wake-up call' for Australia

US tariffs should be a 'wake-up call' for Australia

US tariffs should be a 'wake-up call' for Australia

US tariffs should be a 'wake-up call' for Australia

Australia has been warned against relying on Donald Trump as it continues to try to negotiate for an exemption from the US president's trade tariffs.

An Indigenous-owned distillery born over a few drinks

An Indigenous-owned distillery born over a few drinks

An Indigenous-owned distillery born over a few drinks

An Indigenous-owned distillery born over a few drinks

A First Nations-owned business is one of Australia's most celebrated producers of organic spirits, after a "rollercoaster" journey on the road to success.

Feds accept GST recommendation despite state pressure

Feds accept GST recommendation despite state pressure

Feds accept GST recommendation despite state pressure

Feds accept GST recommendation despite state pressure

A controversial GST carve-up will go ahead as a federal minister says his government will not overrule an independent body's recommended funding for states.

Greenland vote buoys Australian rare earth miner

Greenland vote buoys Australian rare earth miner

Greenland vote buoys Australian rare earth miner

Greenland vote buoys Australian rare earth miner

The rise of a pro-business and mining-friendly party in Greenland’s election has sparked hope for a stalled Australian rare earth minerals project.

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US aligns with G7, urges Russia to accept ceasefire

Fears the US would continue to draw away from the West were unfounded at the G7 summit, as it joined allies in warning Russia to accept the proposed ceasefire.

Sunshine State dark as mining boom costs GST billions

One state has gone backwards in the latest recommended GST revenue carve-up with billions of dollars flowing to another as its population booms.

Pacific to bank on ANZ thanks to Australian guarantee

The federal government will provide a $2 billion guarantee to ANZ bank in the Pacific for it to continue services as Australia works to lock out China.

Super housing scheme could shave years off home wait

Australians raiding their super balances for housing could boost home ownership but may result in a jump in prices, economists say.

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Trump threatens to slap Europe with monster grog taxes

Stocks have dropped again after Donald Trump threatened a 200 per cent wine tariff on the EU if it doesn't relent on plans to lift taxes on US whiskey.

Post-pandemic property price roller-coaster to flatten

There are signs the housing market in normalising five years after the COVID-19 pandemic sent home values soaring across Australia.

Vital airport rail boost as $1b cash splash matched

Commute times for residents in a fast-growing region with poor public transport will be slashed when promised rail corridors connect to a new airport.

US budget deficit hits record $US1.147 trillion

The Treasury Department reports the US deficit in February rose $US11 billion from the same month in 2024.

Trump metals tariffs draw swift Canada, EU retaliation

Canada and Europe have been quick to retaliate after President Donald Trump's metals tariffs came into effect.

Trump metal tariffs kick in as global trade war looms

President Donald Trump has increased tariffs on all steel and aluminium imports to 25 per cent, prompting criticism from allies retaliation from the EU.

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.

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