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Latest news: Economy, Business and Finance

US to repeal carbon standard for gas, coal power plants

US to repeal carbon standard for gas, coal power plants

The US body responsible for protecting the environment is preparing to ‌repeal carbon pollution standards for coal-and-gas-fired power plants.

Strait of Hormuz shipping attacks fuel oil supply fears

Strait of Hormuz shipping attacks fuel oil supply fears

Strait of Hormuz shipping attacks fuel oil supply fears

Strait of Hormuz shipping attacks fuel oil supply fears

A key oil pipeline has been shut as reports of attacks on ships in the Strait of Hormuz fuel concerns about threats to global energy supplies.

Russia strikes truck near Ukraine border with Poland

Russia strikes truck near Ukraine border with Poland

Russia strikes truck near Ukraine border with Poland

Russia strikes truck near Ukraine border with Poland

Russia has hit a truck about 800 metres from the Polish border with Ukraine in its latest near-NATO strike.

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OpenAI won't do 2026 IPO, extinction risk unacceptable

OpenAI won't do 2026 IPO, extinction risk unacceptable

OpenAI boss Sam Altman has ruled out the company going public in 2026, saying the ten per cent chance of AI causing human extinction is "unacceptable".

RBA to speak ahead of crucial cash rate meeting

RBA to speak ahead of crucial cash rate meeting

Economists will be closely watching remarks from two senior Reserve Bank officials as expectations firm for another interest rate hike at the end of the month.

'Cracker of a year' for Aussie exchange-traded funds

'Cracker of a year' for Aussie exchange-traded funds

Australia's exchange-traded fund industry has clocked a month of record investment, taking in $7 billion in August.

Australian tech: the AI chip mimicking the human brain

Australian tech: the AI chip mimicking the human brain

An Australian tech company has developed a computing chip that works like a human brain and is being sought after in both the healthcare and military sectors.

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Leaders meet as wars and rivalries strain expanded bloc

Leaders meet as wars and rivalries strain expanded bloc

Leaders meet as wars and rivalries strain expanded bloc

Leaders meet as wars and rivalries strain expanded bloc

BRICS leaders are meeting in New Delhi this weekend as wars in Ukraine and the Middle East and US -China tensions test the group's unity

Credit downgrade heaps pressure onto Queensland budget

Credit downgrade heaps pressure onto Queensland budget

Credit downgrade heaps pressure onto Queensland budget

Credit downgrade heaps pressure onto Queensland budget

On the same day as the Queensland treasurer lost his state's AA+ credit rating, his NSW neighbours received an upgrade to their outlook.

Shares post worst week in six months as risks converge

Shares post worst week in six months as risks converge

Shares post worst week in six months as risks converge

Shares post worst week in six months as risks converge

Miners and real estate stocks have weighed heavily on the ASX as the exchange comes up against a perfect storm of market headwinds.

Calls for more skilled migrants to ride innovation boom

Calls for more skilled migrants to ride innovation boom

Calls for more skilled migrants to ride innovation boom

Calls for more skilled migrants to ride innovation boom

Australia is lagging in attracting skilled migrants as the energy transition and AI upheaval strains its STEM workforce.

Innovation 'reset' yet to lock in post-COVID lockdown

Innovation 'reset' yet to lock in post-COVID lockdown

Innovation 'reset' yet to lock in post-COVID lockdown

Innovation 'reset' yet to lock in post-COVID lockdown

An innovation index compiled from millions of government data points shows business breakthroughs faltered after the pandemic and could still face hiccups.

China hopes to soon agree on tariff reductions with US

China hopes to soon agree on tariff reductions with US

China hopes to soon agree on tariff reductions with US

China hopes to soon agree on tariff reductions with US

A Chinese government official says a deal with the United States to lower import taxes could soon be agreed.

Aussie shares pare losses but fall for third session

Aussie shares pare losses but fall for third session

Aussie shares pare losses but fall for third session

Aussie shares pare losses but fall for third session

Oil prices and inflation concerns are looming large over the ASX as expectations of a Reserve Bank interest rate hike continue to rise.

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Chinese miner buys out Aussie gold project in PNG

Shares in an Australian gold mine spiked more than 20 per cent within hours of the company announcing it had sold off half of its mining operations.

AI powerhouse NVIDIA partners with eight Aussie firms

The world's biggest company is partnering with eight leading Australian AI companies to build factories in Australia.

Apple unveils passport-shaped foldable phone called Duo

Apple has unveiled its latest generation of iPhones including a version that folds over that it calls Duo.

Gas export project to stop dipping into domestic market

A major gas exporter says it will stop contracting third-party gas for overseas shipments, amid calls for an enforced domestic reservation.

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Aussie shares wobble, oil price keeps traders on edge

Geopolitical risks and a soft local economic outlook continue to weigh heavily on investor sentiment, particularly on banks and retail stocks.

State keeps top-tier credit rating despite massive debt

Australia's most populous state is the only one with a coveted Triple-A credit rating from a major agency, despite reaching similar debt levels to Victoria.

Retail environment not that bad: industry veteran

Consumer sentiment is gloomy, the chair of IGA operator Metcash says, but shoppers are still spending because there hasn't been a jobs market shakeout.

Australia Post boss denies misleading on closure plans

In a fiery hearing, the head of Australia's postal service has dismissed claims that he misled senators over potential plans to close post offices.

Bidding war: combat shipbuilder receives another offer

Australian and US military shipbuilder Austal has now had two approaches for its American business, which has experienced some recent troubles.

Un-real estate: property settlement scam risk rising

Payment redirection scams cost Australians $167 million in 2025, but most people still can't tell a fraudulent email from an authentic one.

Aussie shares tumble to six-week lows as concerns grow

Australia's financials sector has wiped more than four days of gains in a single session, as traders mull a perfect storm of local and global market headwinds.

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Politics Australia New South Wales United States of America Unrest, Conflicts and War Economy, Business and Finance Asia Middle East Environmental Issue Financial Markets Diplomacy Commonwealth of Independent States Defence Weather Energy and Resource Market and Exchange Transport Social Issue Technology Science and Technology

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