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Latest news: Economy, Business and Finance

UK's Burnham targets power bills in first move as PM

UK's Burnham targets power bills in first move as PM

New Prime Minister Andy ‌Burnham will cut taxes on Britons' electricity bills as he attempts to deliver ‌on his promise to ease the UK's cost-of-living crisis.

Aussie shares trim losses, gold bounces on truce hopes

Aussie shares trim losses, gold bounces on truce hopes

Aussie shares trim losses, gold bounces on truce hopes

Aussie shares trim losses, gold bounces on truce hopes

Rising gold prices have helped support the Australian stock exchange following reports US and Iranian mediators are in talks to secure a new ceasefire.

Robot dealership agents in EV maker's Australian pitch

Robot dealership agents in EV maker's Australian pitch

Robot dealership agents in EV maker's Australian pitch

Robot dealership agents in EV maker's Australian pitch

Humanoid greeters in car dealerships and flying vehicles are among the latest pitches from a Chinese EV maker trying to crack the Australian market.

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Supermarket giant fights watchdog over new powers

Supermarket giant fights watchdog over new powers

Theories of harm used to block a major supermarket chain from opening a new store in a regional city were not substantiated, a judge has heard.

Scandal-hit accounting firm names new chief executive

Scandal-hit accounting firm names new chief executive

KPMG Australia chief financial officer John Sams will take over as its next chief executive, amid fallout from the misuse of confidential client data.

Gold miner to give investors a payout for first time

Gold miner to give investors a payout for first time

A company that's been operating for almost six decades is about to reward investors who hung around for its journey as it heads towards a significant milestone.

Workers 'forced' to accept AI systems or leave jobs

Workers 'forced' to accept AI systems or leave jobs

The federal government's plans for AI are unrealistic and could put Australian workers at risk, including through unethical practices, an expert warns.

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'Real desire': gas tax on the cards at Labor conference

'Real desire': gas tax on the cards at Labor conference

'Real desire': gas tax on the cards at Labor conference

'Real desire': gas tax on the cards at Labor conference

Calls for a 25 per cent tax on gas exports could come to a head on the floor of Labor's national conference, as advocates say momentum is growing for the move.

Australian shares waver as oil surges on Iran conflict

Australian shares waver as oil surges on Iran conflict

Australian shares waver as oil surges on Iran conflict

Australian shares waver as oil surges on Iran conflict

A rally in energy stocks has helped counter a weak day for Australia's stock exchange, as conflict in the Persian Gulf weighs on investor confidence.

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

Allowing the tax office to share lenders' financial information with banks could help counter a surge in loan fraud fuelled by artificial intelligence.

US strikes Iran again, Iran says oil tankers exploded

US strikes Iran again, Iran says oil tankers exploded

US strikes Iran again, Iran says oil tankers exploded

US strikes Iran again, Iran says oil tankers exploded

The US has conducted a new round of airstrikes targeting Iran as Iran responds by launching an attack targeting Bahrain, the home of the US Navy's 5th Fleet.

Energy red tape could 'stall AI data centre boom'

Energy red tape could 'stall AI data centre boom'

Energy red tape could 'stall AI data centre boom'

Energy red tape could 'stall AI data centre boom'

Australia can rekindle the strong productivity growth of previous decades if it speeds up the adoption of AI, tech giant Anthropic says.

Jobs data tops economic agenda as Iran war re-escalates

Jobs data tops economic agenda as Iran war re-escalates

Jobs data tops economic agenda as Iran war re-escalates

Jobs data tops economic agenda as Iran war re-escalates

Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.

Chinese startup unveils world's largest open AI model

Chinese startup unveils world's largest open AI model

Chinese startup unveils world's largest open AI model

Chinese startup unveils world's largest open AI model

Moonshot has released the latest version of its Kimi AI system, further narrowing the China's performance gap with US models such as Anthropic's Fable.

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Aussie shares end week lower as mining rout continues

Mining stocks have continued to come under selling pressure, leaving the Australian share market down for a second week.

'It breaks your heart': scammers fake a real economist

A well-known economist has spoken about his experience of being impersonated by scammers, warning vulnerable Australians not to fall for their tricks.

BHP port workers take action in historic Pilbara strike

Port workers have downed tools over a wage dispute with BHP and their union warns more strike action is possible if the mining giant doesn't buckle.

Australian shares flat after another 'dull' session

Energy stocks and miners have dragged on the ASX200 for another session in an otherwise unremarkable day for Australian shares.

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Calls grow for urgent rules to curb AI data centre rush

Delays bringing in new standards for data centres risk leaving a window for big tech companies to avoid stricter environmental regulations, advocates warn.

New anti-slavery laws raise 'red tape' concerns

Business groups are worried new measures proposed to push large companies to keep slavery out of their supply chains wont work and will add red tape.

'End of an era': 200 jobs lost, unique smelter shuts

The nation's only manganese smelter, which produced material critical to steel manufacturing, will shut after a buyer couldn't be found.

Commission warned more coal, more insurance pain

Insurance bills of up to $14,000 to cover flood-prone homes have been used to argue against a major coal mine extension in the same region.

Small business owners urged to act early on tax debt

Conditions appear tougher than ever for small owner-operators, with a two-speed economy emerging and smaller players being forced into tough decisions.

Young investors bet the house on dialling up their risk

Priced out of the housing market for years, young Australians are looking to the stock market to build wealth, and they're not afraid of taking on risk.

Soaring meth abuse at work prompts warning to bosses

The workplace use of drugs, particularly methamphetamine and cocaine, is rising and remains a real safety risk for employers.

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