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Latest news: Economy, Business and Finance

Aussie retailers under pressure from e-commerce giants

Aussie retailers under pressure from e-commerce giants

Australians are continuing to turn to global e-commerce providers as rising costs weigh on household budgets, heaping more pressure on local retailers.

Hundreds of jobs to go as barbecue retailer sizzles out

Hundreds of jobs to go as barbecue retailer sizzles out

Hundreds of jobs to go as barbecue retailer sizzles out

Hundreds of jobs to go as barbecue retailer sizzles out

An outdoors chain retail store synonymous with Australian barbecue culture will shut down after 50 years after failing to find a new buyer.

Australian shares trim losses as NAB predicts rate cut

Australian shares trim losses as NAB predicts rate cut

Australian shares trim losses as NAB predicts rate cut

Australian shares trim losses as NAB predicts rate cut

The ASX has recovered some of its early dip after major bank economists predicted a change of direction for the Reserve Bank, but risk appetite remains subdued.

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Just a mimic of One Nation: coalition cops Labor serve

Just a mimic of One Nation: coalition cops Labor serve

One Nation's rise in the polls is no shock to experts who say it's been brewing for years, as the coalition fails to rule out a preference deal with the party.

Aussie demand for SpaceX float overwhelms call centres

Aussie demand for SpaceX float overwhelms call centres

The lead Australian broker on the $2.5 trillion public launch of Elon Musk's SpaceX is experiencing "extremely high" call volumes as investors try to get in.

Big bank changes RBA rate call as cost pressures ease

Big bank changes RBA rate call as cost pressures ease

Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.

Clean energy COP hits fossil fuel phase-out demands

Clean energy COP hits fossil fuel phase-out demands

International climate talks will centre on electrification amid criticism the controversial fossil fuel phase-out agenda is largely missing in action.

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Aussie exports face billion-dollar hit from US tariffs

Aussie exports face billion-dollar hit from US tariffs

Aussie exports face billion-dollar hit from US tariffs

Aussie exports face billion-dollar hit from US tariffs

Donald Trump is seeking to impose tariffs he has said are aimed at targeting slavery, which would cost Australia more than $1 billion a year.

Businesses MIA on rooftop solar and battery revolution

Businesses MIA on rooftop solar and battery revolution

Businesses MIA on rooftop solar and battery revolution

Businesses MIA on rooftop solar and battery revolution

Solar is a common sight on houses but less so on warehouses, offices and other commercial buildings due to a complex knot of challenges that need unravelling.

Confidence readings punctuate lull in economic calendar

Confidence readings punctuate lull in economic calendar

Confidence readings punctuate lull in economic calendar

Confidence readings punctuate lull in economic calendar

Consumer and business sentiment surveys are the highlight of an otherwise quiet week on the economic front in Australia, as global turmoil casts a shadow.

Australian single-use drone maker eyes flying debut

Australian single-use drone maker eyes flying debut

Australian single-use drone maker eyes flying debut

Australian single-use drone maker eyes flying debut

Defence contractor Boresight has an unusual business in making cheap drones used for target practice by militaries across the world.

Fuel stocks look secure into August as price hike eases

Fuel stocks look secure into August as price hike eases

Fuel stocks look secure into August as price hike eases

Fuel stocks look secure into August as price hike eases

The nation's fuel reserves are flush as petrol prices at the bowser continue to drop, but motorists could be in for a shock when the excise discount ends.

Trans-Tasman ties never better despite tax jibe: PM

Trans-Tasman ties never better despite tax jibe: PM

Trans-Tasman ties never better despite tax jibe: PM

Trans-Tasman ties never better despite tax jibe: PM

The diplomatic relationship between Australia and New Zealand has never been stronger, both leaders insist, despite commentary over recent budget announcements.

Tax changes push biotech and health sectors offside

Tax changes push biotech and health sectors offside

Tax changes push biotech and health sectors offside

Tax changes push biotech and health sectors offside

Changes to research and development tax could force Australian biotech, med tech and health tech companies offshore, according to sector advocates.

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Australian shares drop as metals prices weigh on miners

Investors have continued to rotate from miners into defensive stocks as reports of further attacks in the Middle East quash hopes of a US-Iran deal.

Australia urged to step up climate leadership on oceans

Australia is facing calls to elevate the ocean degradation agenda at upcoming climate talks to prevent ongoing harm to reefs, coastlines and fisheries.

Poll surge for populists trigger for PM's tax backflip

Australians believing the economy wasn't working for them forced the federal government to change its stance and implement controversial tax reforms.

'Not a lot': treasurer defends $53 billion debt burden

A state debt of $53 billion is "not a lot", according to a treasurer pointing to a ratings agency's praise for the government's solid financial management.

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NDIS cuts could restrict some people from work access

The health department has not explained how budgets for travelling to work or medical appointments would be preserved under sweeping changes to the NDIS.

Wider watchdog inquiry launched into consulting firm

The head of ASIC has confirmed a broader investigation is under way into Big Four consulting firm KPMG following allegations from whistleblowers.

Scammers fleece Aussies of almost $250m in three months

Cybercriminals are continuing to target Australians online to scam them out of their savings, but efforts to foil the swindlers appear to be working.

Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

Budget relief for families but debt burden soars

South Australians will share in a $500 million package to ease the cost of living as the government insists a $53 billion debt won't spiral out of control.

Investors flee to safety as business confidence wanes

The ASX has closed lower after weakening risk sentiment prompted a flight to safety and as large caps in multiple sectors sold off.

Foreign minister sees red over Greens' Gaza questioning

A Senate hearing examining Australia's support for Palestine was twice shut down due to unruly exchanges between Foreign Minister Penny Wong and the Greens.

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