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Latest news: Economy, Business and Finance

Sunshine State dark as mining boom costs GST billions

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

Pacific to bank on ANZ thanks to Australian guarantee

Pacific to bank on ANZ thanks to Australian guarantee

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

Super housing scheme could shave years off home wait

Super housing scheme could shave years off home wait

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

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

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

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

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.

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Trump metals tariffs draw swift Canada, EU retaliation

Trump metals tariffs draw swift Canada, EU retaliation

Trump metals tariffs draw swift Canada, EU retaliation

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

Trump metal tariffs kick in as global trade war looms

Trump metal tariffs kick in as global trade war looms

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

Major super fund sued over tardy death benefit payouts

Major super fund sued over tardy death benefit payouts

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.

Leading economists call out coalition's inflation claim

Leading economists call out coalition's inflation claim

Leading economists call out coalition's inflation claim

Leading economists call out coalition's inflation claim

As the economy looks set to be front and centre in the election campaign, one of the coalition’s leading inflation claims has been called “a joke” by experts.

Workplace equality backlash prompts call to include men

Workplace equality backlash prompts call to include men

Workplace equality backlash prompts call to include men

Workplace equality backlash prompts call to include men

Gender equality policies have become a "convenient scapegoat" for broad economic worries and men must be included in a new conversation, women's advocates say.

Scams costing Aussies $2 billion despite losses falling

Scams costing Aussies $2 billion despite losses falling

Scams costing Aussies $2 billion despite losses falling

Scams costing Aussies $2 billion despite losses falling

The amount Australians lost to scams fell by 25 per cent in 2024 to $2 billion as widespread campaigns to reduce their financial burden continue.

Consumer confidence surges on back of interest rate cut

Consumer confidence surges on back of interest rate cut

Consumer confidence surges on back of interest rate cut

Consumer confidence surges on back of interest rate cut

Australia's economic outlook is looking rosier as inflation continues to fall and following the first decline in interest rates in more than four years.

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Blueprint to get nation moving, boost household budgets

Revamped competition rules would swell the nation's households by billions of dollars while helping to ease the cost of living, the federal government says.

Mark Carney wins race to replace Trudeau as Canada's PM

Former central banker Mark Carney has launched a scathing attack on Donald Trump after winning the race to succeed Justin Trudeau as Canada's prime minister.

'Insurance catastrophe' declared, 3000 claims so far

Thousands of insurance claims have been made during ex-tropical cyclone Alfred's assault but its still early to estimate the total damage bill.

Consumer confidence expected to rebound after rate cut

A long-awaited Reserve Bank of Australia rate cut should boost consumer and business sentiment in two surveys from February due out this week.

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Labor set for budget boost thanks to higher tax take

Australia's bottom line will be $11 billion better off, if the government releases a budget before the election, a leading economist predicts.

Meghan and Drew share hugs and memories in TV show talk

In a TV show appearance with talk queen and actor Drew Barrymore, the Duchess of Sussex has opened up about her love of "touch and hold and embrace".

Last-minute buyer saves century-old cheese maker

King Island Dairy, which was slated to close, has been given a lifeline, with owner Saputo announcing it has found a buyer for the specialty cheese business.

Trump delays more tariffs amid US economic uncertainty

Donald Trump has postponed tariffs on many imports from Mexico and some from Canada for a month amid widespread fears of the economic fallout from a trade war.

Rich getting richer: wealth divide hits record high

Australia's wealth divide reached its worst level in more than two decades, after excluding a temporary narrowing during the COVID-19 pandemic.

Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

Trump gives automakers short exemption from new tariffs

President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for US automakers.

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