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Latest news: Economy, Business and Finance

Bank hit with first strike as shareholders push back

Bank hit with first strike as shareholders push back

Shareholders in Australia's largest investment bank have expressed their concerns over the firm's pay report, resulting in Macquarie's first-ever strike.

RBA not swayed by jobless spike as next rate call looms

RBA not swayed by jobless spike as next rate call looms

RBA not swayed by jobless spike as next rate call looms

RBA not swayed by jobless spike as next rate call looms

Reserve Bank governor Michelle Bullock has pushed back on rate cut expectations and weighed in on Donald Trump's pressure on Fed chair Jerome Powell.

Aboriginal women's service tackling financial abuse

Aboriginal women's service tackling financial abuse

Aboriginal women's service tackling financial abuse

Aboriginal women's service tackling financial abuse

A grant of up to $200,000 will help an Aboriginal women's service tackle financial abuse in their community and build independence for survivors.

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Axing of US beef ban sparks call for independent review

Axing of US beef ban sparks call for independent review

Australia's surprise decision to open the door to more US beef imports has prompted calls for an independent review amid biosecurity concerns.

Copper smelter rescue talks approach melting point

Copper smelter rescue talks approach melting point

Closure of a copper smelter and refinery would be a "national disgrace" says a treasurer calling for their operator and federal government to come to the table.

Trump to make his presence felt at the Federal Reserve

Trump to make his presence felt at the Federal Reserve

US President Donald Trump will shortly be visiting the Federal Reserve, the central bank led by Chair Jerome Powell, who he's derided as 'a numbskull'

Tesla profit plunges as Musk turns buyers off

Tesla profit plunges as Musk turns buyers off

The fallout from Elon Musk’s political leanings is still hurting his Tesla business with both sales and profits falling sharply.

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EU may get 15 per cent tariff deal with US: reports

EU may get 15 per cent tariff deal with US: reports

EU may get 15 per cent tariff deal with US: reports

EU may get 15 per cent tariff deal with US: reports

The United States and the European Union are close to a trade deal that would feature a 15 per cent tariff on EU goods imported into the US, diplomats say.

Thousands of jobs at risk as miner pleads for support

Thousands of jobs at risk as miner pleads for support

Thousands of jobs at risk as miner pleads for support

Thousands of jobs at risk as miner pleads for support

A major mining company says it might have to mothball two of its operations, putting thousands of jobs in danger, if more government support is not offered.

Indonesia to cut tariffs, barriers in new US trade deal

Indonesia to cut tariffs, barriers in new US trade deal

Indonesia to cut tariffs, barriers in new US trade deal

Indonesia to cut tariffs, barriers in new US trade deal

Donald Trump is hailing a new trade deal with Indonesia as a "huge win for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers".

Has someone asked to 'rent' your bank account?

Has someone asked to 'rent' your bank account?

Has someone asked to 'rent' your bank account?

Has someone asked to 'rent' your bank account?

Australians are being urged to swerve requests to rent or buy their bank details, as cybercriminals double down on securing money mules.

Banks told to make AI work for people, not against them

Banks told to make AI work for people, not against them

Banks told to make AI work for people, not against them

Banks told to make AI work for people, not against them

Artificial intelligence should be used to improve the lives of customers instead of just making more money out of them, the corporate regulator tells bankers.

Restaurants, building firm insolvencies remain high

Restaurants, building firm insolvencies remain high

Restaurants, building firm insolvencies remain high

Restaurants, building firm insolvencies remain high

CreditorWatch data has found business insolvencies remain historically high, with two key sectors bearing the brunt.

Sweden to host US, China talks on tariff deadline

Sweden to host US, China talks on tariff deadline

Sweden to host US, China talks on tariff deadline

Sweden to host US, China talks on tariff deadline

US and Chinese negotiators will meet in Sweden to discuss extending a deadline to avert higher tariffs, US Treasury Secretary Scott Bessent says.

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Brisbane goes for gold with $70b win from 2032 Olympics

The next Olympic Games in Australia is forecast to inject more than $70 billion into the economy over 20 years but an expert has cast doubt over its legacy.

US 'not going to rush' trade deals ahead of deadline

With the threat of US tariffs looming, Treasury Secretary Scott Bessent says his government is more focused on the quality of trade deals, not their timing.

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

CEO resigns after viral video from Coldplay concert

The tech company CEO who was captured on the big screen canoodling with a colleague at a Coldplay concert has quit after the interaction became a viral video.

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'Golden ticket' visa for the rich fails to pay its way

Previously classified documents reveal the reasons why an investor visa, dubbed a "golden ticket" for the rich to immigrate to Australia, was scrapped.

Nation on notice as signs point to growing jobless rate

Australians are being warned about possible further rises in unemployment after a shock jobless rate jump that has strengthened the case to cut interest rates.

Qantas gains ruling over data hack hitting dark web

Qantas says it's been granted an interim injunction in the NSW Supreme Court to prevent stolen data of almost 6 million customers from being leaked further.

PM confident of Australian jobs boost after China visit

The prime minister has wrapped up an almost week-long visit to China but the opposition is still calling for ties with allies like the US to be prioritised.

Taxman told to tone it down and cut jargon from letters

Language used in letters from the tax office can cause needless anxiety and confuse readers with excessive jargon, an ombudsman's review has found.

Jobless rate nears four-year high, firms rethink plans

Australia's unemployment rate has bucked expectations and risen as economic headwinds take their toll on employers.

'No doubt' about China concern despite PM's rhetoric

The prime minister's tone on during his China trip has been defended as diplomatic and respectful as the opposition called for him to be more forceful.

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