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Latest news: Economy, Business and Finance

Call to protect Australia's cultural heritage from AI

Call to protect Australia's cultural heritage from AI

AI will rob Australia of its writers, musicians and filmmakers unless there's an overhaul of intellectual property protections, a professor warns.

'Look at the divvy': iron ore miner's bumper payout

'Look at the divvy': iron ore miner's bumper payout

'Look at the divvy': iron ore miner's bumper payout

'Look at the divvy': iron ore miner's bumper payout

Iron ore miner Fortescue has raised its interim profit and will pay out 65 per cent of earnings to shareholders, as it continues to decarbonise its business.

Data centres spruiked as energy grid 'shock absorbers'

Data centres spruiked as energy grid 'shock absorbers'

Data centres spruiked as energy grid 'shock absorbers'

Data centres spruiked as energy grid 'shock absorbers'

Australia has the energy resources to host data centres and they can be built to play nicely with the electricity network, the federal climate minister says.

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WiseTech to axe 2000 staff as AI transition boots up

WiseTech to axe 2000 staff as AI transition boots up

The era of manually written code is over, the boss of logistics technology group WiseTech Global says, as it becomes the latest company to flag AI job cuts.

Demand for travel remains resilient: Flight Centre

Demand for travel remains resilient: Flight Centre

Demand for travel remains resilient, Flight Centre boss Graham Turner says, after the group lifted interim earnings by four per cent.

Punters take some skin off but gambling giant wagers on

Punters take some skin off but gambling giant wagers on

Wagering giant Tabcorp has absorbed the $10 million impact of winning punters in the first half of 2025/26, thanks to the diversification of its business.

The 'stealthy' price-setter of Australian energy bills

The 'stealthy' price-setter of Australian energy bills

Australians wondering why they are paying more for power should be looking to pricey gas and dubious energy retailer conduct, the Climate Council says.

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New US tariffs come in at lower 10 per cent rate

New US tariffs come in at lower 10 per cent rate

New US tariffs come in at lower 10 per cent rate

New US tariffs come in at lower 10 per cent rate

President Donald Trump's temporary 10 per cent import levy has come into effect as he reacts to the US Supreme Court striking down his sweeping tariff regime.

Skyscraper scrap: mixed reaction for Trump tower plan

Skyscraper scrap: mixed reaction for Trump tower plan

Skyscraper scrap: mixed reaction for Trump tower plan

Skyscraper scrap: mixed reaction for Trump tower plan

Rival petitions have been launched over a proposed 340-metre, 91-storey Trump tower at a holiday hotspot that's been billed as Australia's tallest building.

Stan a standout for boosting Nine's first-half earnings

Stan a standout for boosting Nine's first-half earnings

Stan a standout for boosting Nine's first-half earnings

Stan a standout for boosting Nine's first-half earnings

Media company Nine Entertainment says earnings for its streaming business Stan climbed 24 per cent to a record figure in the first half.

Merged media group upbeat despite chief's sudden exit

Merged media group upbeat despite chief's sudden exit

Merged media group upbeat despite chief's sudden exit

Merged media group upbeat despite chief's sudden exit

Southern Cross Media has played up the value of its new TV assets, which under its previous owner battled a weaker ad market and competition from streamers.

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.

Vested interest 'cartel' killing Aussie housing dream

Vested interest 'cartel' killing Aussie housing dream

Vested interest 'cartel' killing Aussie housing dream

Vested interest 'cartel' killing Aussie housing dream

Treasury officials appear to be at odds with a former head of their department over contentious tax breaks for property investors.

Trump warns against 'playing games' with US trade deals

Trump warns against 'playing games' with US trade deals

Trump warns against 'playing games' with US trade deals

Trump warns against 'playing games' with US trade deals

Donald Trump is threatening to hit any countries prevaricating over recently-‌negotiated US trade deals with much higher duties under different trade laws.

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Paramount submits higher offer for Warner Bros

The bidding war for one of Hollywood's most coveted assets - Warner Bros Discovery - has ratcheted up, with Paramount Skydance submitting a higher offer.

Slovakia halts electricity supplies to Ukraine

On the fourth anniversary of Russia's invasion of Ukraine, Slovakia has cut off electricity supplies to its war-torn neighbour.

Millions stuck at home as historic blizzard hits NYC

A historic blizzard has dumped up to 60cm of snow across the US northeast, forcing millions to stay inside as flights, transport, schools and businesses close.

Coffee cups, truck laws leave shoppers with hefty bill

Different laws across Australian states are putting pressure on the retail sector, which wants legislative harmony between jurisdictions.

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Canada's PM to travel to Australia to boost trade ties

Canada's Prime Minister ‌Mark Carney is set to address the federal parliament during an upcoming visit to Canberra.

Unmanned petrol stations fuelling higher earnings

Australia's leading fuel retailer has benefited from converting dozens of its petrol stations to unmanned sites in what could be a sign of things to come.

Plumbing supplier's green shoots snipped by rate hike

Plumbing supplies group Reece has reported a fall in first-half profit and is taking a cautious stance on the next six months after a recent rise in rates.

Labor luminary takes aim at housing tax breaks

Tax concessions for property investors are driving inequality and should be wound back, one of the key architects of the Hawke-Keating reforms says.

Coal miners dudded by 'inferior' transition help

Councils, unions and other groups have voiced support for the inclusion of export coal mine workers in the flagship federal workforce transition program.

EU won't accept US tariff increase, 'a deal is a deal'

Washington cannot be allowed to simply hike tariffs on EU products, the European Commission says - "a deal is a deal".

Asian economies weigh impact of fresh Trump tariff move

President Donald Trump has flagged ‌raising temporary tariffs on almost all US imports from 10 per cent to 15 per cent.

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