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Latest news: Economy, Business and Finance

Indigenous-led centre launched, continuing Mabo legacy

Indigenous-led centre launched, continuing Mabo legacy

Helping Aboriginal and Torres Strait Islander communities leverage their native title rights for economic growth will be the focus of a new centre.

Steelworks administrator reveals depth of financial woe

Steelworks administrator reveals depth of financial woe

Steelworks administrator reveals depth of financial woe

Steelworks administrator reveals depth of financial woe

The owners of Whyalla's embattled steelworks owe more than $1.3 billion, administrators have told the first meeting of OneSteel creditors.

Business outlook brighter but red tape chafes operators

Business outlook brighter but red tape chafes operators

Business outlook brighter but red tape chafes operators

Business outlook brighter but red tape chafes operators

Optimism has risen among small business owners, buoyed by the prospect of lower interest rates and holding out for tax and regulatory reform at the election.

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Australian economy to get pulse check, RBA minutes drop

Australian economy to get pulse check, RBA minutes drop

National accounts figures headline a bumper week on the economic front, with RBA minutes, retail trade, housing data and government finances also on show.

Coalition matches Labor pledge to keep beer tax on ice

Coalition matches Labor pledge to keep beer tax on ice

A promise to pause the draught beer excise for two years under a re-elected Labor government has been followed by a matching pledge from the opposition.

Record high house prices as rate cut buoys sentiment

Record high house prices as rate cut buoys sentiment

House prices have rebounded to record highs after the Reserve Bank's rate cut boosted sentiment and improved Australians' borrowing power.

Lower costs, better value as airlines deal takes flight

Lower costs, better value as airlines deal takes flight

A deal between Qatar Airways and Virgin Australia could strengthen competition and improve flight capacity in a '"major win" for passengers.

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Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

Coalition, Labor miss the mark on $347b spending claim

The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.

Global uncertainty played a role in rate cut: RBA

Global uncertainty played a role in rate cut: RBA

Global uncertainty played a role in rate cut: RBA

Global uncertainty played a role in rate cut: RBA

Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.

Persistent pay gap widens gender gulf in assets

Persistent pay gap widens gender gulf in assets

Persistent pay gap widens gender gulf in assets

Persistent pay gap widens gender gulf in assets

The gender pay gap is leaving women with fewer properties and shares than men, says a survey indicating more than four in ten women have no such assets at all.

Reasons for struggling productivity growth revealed

Reasons for struggling productivity growth revealed

Reasons for struggling productivity growth revealed

Reasons for struggling productivity growth revealed

Inefficient use of resources and a lack of new ideas have contributed to Australia's declining productivity growth, the Productivity Commission says.

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Underlying inflation up but good news on housing, rents

Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.

Billionaire founder retakes control of his $32b company

Billionaire founder retakes control of his $32b company

Billionaire founder retakes control of his $32b company

Billionaire founder retakes control of his $32b company

Richard White has been named executive chairman of WiseTech Global, four months after stepping down as CEO amid an inquiry into his conduct.

UK to up army spending to 2.5 per cent of GDP, cut aid

UK to up army spending to 2.5 per cent of GDP, cut aid

UK to up army spending to 2.5 per cent of GDP, cut aid

UK to up army spending to 2.5 per cent of GDP, cut aid

UK Prime Minister Keir Starmer says spending on the military will be increased while funds for foreign aid will be cut.

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'Can't work in the dark': ASIC calls out private market

Financial watchdog ASIC is concerned about a lack of transparency in the growing private equity and private credit markets, as well as a slowdown in IPOs.

Foreign student numbers should be 'depoliticised'

UK High Commissioner Vicki Treadell says foreign uni students should not be included in immigration caps to boost soft power for Australia and Britain.

Treasurer to push for tariff exemption in US meeting

As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.

Folbigg urges genetic testing expansion after acquittal

Kathleen Folbigg, who was wrongly convicted over the deaths of her children, says genetic testing should be bolstered to avoid a repeat of her experience.

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Former Trump adviser sounds warning on tariff exemption

The growing influence of protectionists in the White House should concern Australia as steel tariffs loom, a former Trump adviser warns.

CBA seeks to reassure customers at 'challenging time'

Commonwealth Bank CEO Matt Comyn has sought to reassure customers amid trying economic times and says physical cash is "here to stay".

Consumer prices to gauge inflation fight raging in 2025

Price changes in January will be among the first set of data scoured by the Reserve Bank as it studies whether a further interest rate cut is on the cards.

Local steel quotas in major projects being considered

Treasurer Jim Chalmers says the federal government wants local steel to be used in Australian projects, as it considers introducing quotas.

PM puts Australian steel in frame of renewables rollout

The federal government will foster jobs in clean energy manufacturing driven by locally made steel and aluminium under a plan unveiled by the prime minister.

Growing ranks of homeless seen as society in decline

An appetite for change has developed among voters as Australia's housing crisis becomes symbolic of wealth inequality, disempowerment and societal decline.

Struggle Street residents last to benefit from rate cut

Rate relief has been delivered to Australian mortgage holders, yet the Reserve Bank governor says renters may have to wait a while longer to gain any benefit.

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