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Latest news: Economy, Business and Finance

UK to up army spending to 2.5 per cent of GDP, cut aid

UK to up army spending to 2.5 per cent of GDP, cut aid

UK Prime Minister Keir Starmer says spending on the military will be increased while funds for foreign aid will be cut.

'Can't work in the dark': ASIC calls out private market

'Can't work in the dark': ASIC calls out private market

'Can't work in the dark': ASIC calls out private market

'Can't work in the dark': ASIC calls out private market

Financial watchdog ASIC is concerned about a lack of transparency in the growing private equity and private credit markets, as well as a slowdown in IPOs.

Foreign student numbers should be 'depoliticised'

Foreign student numbers should be 'depoliticised'

Foreign student numbers should be 'depoliticised'

Foreign student numbers should be 'depoliticised'

UK High Commissioner Vicki Treadell says foreign uni students should not be included in immigration caps to boost soft power for Australia and Britain.

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Treasurer to push for tariff exemption in US meeting

Treasurer to push for tariff exemption in US meeting

As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.

Folbigg urges genetic testing expansion after acquittal

Folbigg urges genetic testing expansion after acquittal

Kathleen Folbigg, who was wrongly convicted over the deaths of her children, says genetic testing should be bolstered to avoid a repeat of her experience.

Former Trump adviser sounds warning on tariff exemption

Former Trump adviser sounds warning on tariff exemption

The growing influence of protectionists in the White House should concern Australia as steel tariffs loom, a former Trump adviser warns.

CBA seeks to reassure customers at 'challenging time'

CBA seeks to reassure customers at 'challenging time'

Commonwealth Bank CEO Matt Comyn has sought to reassure customers amid trying economic times and says physical cash is "here to stay".

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Consumer prices to gauge inflation fight raging in 2025

Consumer prices to gauge inflation fight raging in 2025

Consumer prices to gauge inflation fight raging in 2025

Consumer prices to gauge inflation fight raging in 2025

Price changes in January will be among the first set of data scoured by the Reserve Bank as it studies whether a further interest rate cut is on the cards.

Local steel quotas in major projects being considered

Local steel quotas in major projects being considered

Local steel quotas in major projects being considered

Local steel quotas in major projects being considered

Treasurer Jim Chalmers says the federal government wants local steel to be used in Australian projects, as it considers introducing quotas.

PM puts Australian steel in frame of renewables rollout

PM puts Australian steel in frame of renewables rollout

PM puts Australian steel in frame of renewables rollout

PM puts Australian steel in frame of renewables rollout

The federal government will foster jobs in clean energy manufacturing driven by locally made steel and aluminium under a plan unveiled by the prime minister.

Growing ranks of homeless seen as society in decline

Growing ranks of homeless seen as society in decline

Growing ranks of homeless seen as society in decline

Growing ranks of homeless seen as society in decline

An appetite for change has developed among voters as Australia's housing crisis becomes symbolic of wealth inequality, disempowerment and societal decline.

Struggle Street residents last to benefit from rate cut

Struggle Street residents last to benefit from rate cut

Struggle Street residents last to benefit from rate cut

Struggle Street residents last to benefit from rate cut

Rate relief has been delivered to Australian mortgage holders, yet the Reserve Bank governor says renters may have to wait a while longer to gain any benefit.

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Hazy outlook fuels Reserve Bank caution on disinflation

Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.

Australia's biggest super fund hit with massive fine

Australia's biggest super fund hit with massive fine

Australia's biggest super fund hit with massive fine

Australia's biggest super fund hit with massive fine

A federal court judge has fined AustralianSuper $27 million after it admitted to contravening the superannuation act over member's duplicate accounts.

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Government opposes push to slash penalty rates

A stoush is brewing over Australia's lowest-paid workers as the federal government fights a proposal to wind back penalty rates.

Clean industry pitch to save town from job losses

Gravity energy storage in disused mine shafts and critical mineral development are part of a pitch to save a mining town set to lose a big source of employment.

Super funds to make their investment case in Trump's US

A delegation of Australia's super funds is heading to the US to discuss investment opportunities at a summit where they are set to meet with Trump officials.

Taxpayers to the rescue of Aussie steel

Safeguarding sovereign steel production is a key factor in a $2.4 billion government package to keep a major steelworks running while a new owner is found.

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Robust job data unlikely to spook Reserve Bank on rates

Ongoing tightness in the labour market won't overly concern the Reserve Bank in its fight against inflation, says one economist after surprising jobs figures.

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

'More gaps, more drop-outs': rise in complaints post-3G

Telcos have been urged to do better in rural Australia, with continued reports of poor mobile service and new black spots after the 3G mobile network closed.

Customers tapping mad as watchdog warns on card charges

A huge number of complaints over common transactions has Australia's consumer watchdog warning businesses big and small to bide by the laws or risk a fine.

Death toll rises from disease linked with heavy rain

More people have died and others are suffering from a disease associated with heavy rain in a region lashed by floods and tipped to cop even more downpours.

Steelworks forced into administration to 'save' future

South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.

One rate dip won't cut it with voters who want action

Most Australians blame big corporations and not government for the rising cost of living so a lone interest rate cut won't sway their vote, polling indicates.

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