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Latest news: Economy, Business and Finance

Europe talks don't rule out rejecting new US trade deal

Europe talks don't rule out rejecting new US trade deal

European leaders are weighing up the latest US proposals for trade terms, with the prospect of 50 per cent tariffs if a deal isn't reached by next month.

Super funds spared billions after US axes 'revenge tax'

Super funds spared billions after US axes 'revenge tax'

Super funds spared billions after US axes 'revenge tax'

Super funds spared billions after US axes 'revenge tax'

The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.

Stars descend for Bezos wedding extravaganza in Venice

Stars descend for Bezos wedding extravaganza in Venice

Stars descend for Bezos wedding extravaganza in Venice

Stars descend for Bezos wedding extravaganza in Venice

While protests forced the relocation of part of Jeff Bezos and Lauren Sanchez's wedding, it hasn't stopped hoards of celebrities descending on the island city.

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Bots doing mundane jobs among 'transformational' pledge

Bots doing mundane jobs among 'transformational' pledge

Australia's largest state budget, criticised as boring and vague, has prompted promises from political hopefuls of a more "transformational" government.

Household wealth hit as Trump threatens super balances

Household wealth hit as Trump threatens super balances

Australian super balances have fallen for the first quarter since 2022, with funds warning of further risks posed by Donald Trump's "America first" agenda.

Bezos and Sanchez wedding causing ripples in Venice

Bezos and Sanchez wedding causing ripples in Venice

More protests are planned as the wedding of Amazon founder Jeff Bezos and Lauren Sanchez draws nearer in the historic city of Venice.

NATO members commit to spending hike sought by Trump

NATO members commit to spending hike sought by Trump

US President Donald Trump has affirmed his commitment to the NATO military alliance and a pledge for its members to defend each other.

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Global energy wobbles power-up electrification push

Global energy wobbles power-up electrification push

Global energy wobbles power-up electrification push

Global energy wobbles power-up electrification push

Australia's vulnerabilities to global energy price spikes run deep, sparking calls for rapid electrification of transport and other exposed sectors.

'Boring' budget to get finances ready for future shocks

'Boring' budget to get finances ready for future shocks

'Boring' budget to get finances ready for future shocks

'Boring' budget to get finances ready for future shocks

Having sped up home approvals, a building laggard is shifting focus to getting construction going in a bid to reduce the biggest strain on family finances.

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

A consumer group has measured the cost of a basket of groceries nationwide but two supermarkets are pushing back against the findings.

Slight increase in mortgage holders behind on payments

Slight increase in mortgage holders behind on payments

Slight increase in mortgage holders behind on payments

Slight increase in mortgage holders behind on payments

Data has revealed a small rise in the number of mortgages in arrears, but experts say the rate has stayed contained despite cost-of-living pressures.

Debt forecast has alarm bells ringing for Olympic hosts

Debt forecast has alarm bells ringing for Olympic hosts

Debt forecast has alarm bells ringing for Olympic hosts

Debt forecast has alarm bells ringing for Olympic hosts

A state government's debt is set to reach record heights as it plans an Olympics, with the threat of higher borrowing costs for major infrastructure projects.

Surplus in sight but few sweeteners in 'careful' budget

Surplus in sight but few sweeteners in 'careful' budget

Surplus in sight but few sweeteners in 'careful' budget

Surplus in sight but few sweeteners in 'careful' budget

A nation-first approach to back up housing projects headlines Australia's largest state budget as critics attack surplus projections and support for services.

Postage price bump gets watchdog's stamp of approval

Postage price bump gets watchdog's stamp of approval

Postage price bump gets watchdog's stamp of approval

Postage price bump gets watchdog's stamp of approval

Pen pals and love letters are on track to get a little more expensive as the consumer watchdog gives the nod to a postage price hike.

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Renters fearful of speaking up about essential repairs

Half of Australia's private housing tenants are living in homes in need of repair but are too scared to ask their landlord about it, according to a study.

Long way to go to stop lending for deforestation

A number of bank-financed landholders might be involved in illegal landclearing, raising questions about lender exposure to risky nature destruction.

Major boost for tradie students to solve housing crisis

Tradies will be able to complete their apprenticeships for free as a state government tries to ease the housing crisis.

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

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No easy answers to gas network 'death spiral'

Leaving a smaller and smaller customer base to carry the cost of a stranded gas network as households and businesses electrify is not without consequence.

EU-Aust free trade deal: a “middle finger to Trump”

Hopes of inking a speedy European Union-Australia free trade deal appear wishful, with some Brussels observers hosing down expectations.

Oil tumbles, stocks rebound after Trump Mideast pause

Asian and European share markets have risen and oil prices are down after President Donald Trump delayed a decision on the US joining the Israel-Iran conflict.

Budget billions helps cashed-up state lead debt battle

A seventh surplus budget for the nation's richest state sets it apart from other jurisdictions as it enjoys the lowest debt levels in the country.

Second wind for long-promised nature law reforms

There is no time to waste to fix broken nature laws, Environment Minister Murray Watt says, although early indications suggest climate will not be included.

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

Pedal to the metal for home prices as rates fall

Sydney and Melbourne are expected to be the fastest-growing property markets in 2025/26 as mortgage rates fall, Domain forecasts shows.

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