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Latest news: Economy, Business and Finance

IMF cuts outlook, warns of potential global recession

IMF cuts outlook, warns of potential global recession

An extreme scenario in which the Iran conflict lingers could push the global economy to the brink of recession, the International Monetary Fund says.

Chronic housing shortage heaps more pain onto renters

Chronic housing shortage heaps more pain onto renters

Chronic housing shortage heaps more pain onto renters

Chronic housing shortage heaps more pain onto renters

Australian renters are spending a record share of their income on housing costs as a chronic shortage of stock drives prices higher across the nation.

Disney CEO announces job cuts expected to total 1000

Disney CEO announces job cuts expected to total 1000

Disney CEO announces job cuts expected to total 1000

Disney CEO announces job cuts expected to total 1000

Disney appears set to cut positions in its marketing group, studio and television business, ‌ESPN and ⁠certain corporate functions.

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Albanese honours fallen soldiers ahead of Brunei talks

Albanese honours fallen soldiers ahead of Brunei talks

The prime minister has laid a wreath in honour of Australian soldiers killed during World War II after arriving in Brunei for talks to shore up fuel supply.

Qantas route cuts will hit hard for regional travellers

Qantas route cuts will hit hard for regional travellers

Australians in regional areas will bear the brunt of increased airfares and reduced services as Qantas cuts routes in response to increasing fuel prices.

RBA's stagflation nightmare: prices up, confidence down

RBA's stagflation nightmare: prices up, confidence down

Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.

Unions lobby to unlock fuel cap for workers who drive

Unions lobby to unlock fuel cap for workers who drive

Australia's peak union body is calling for fuel allowances for workers to be increased to help them meet rising costs at the bowser.

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War hits home for big Aussie bank as confidence slumps

War hits home for big Aussie bank as confidence slumps

War hits home for big Aussie bank as confidence slumps

War hits home for big Aussie bank as confidence slumps

One of the big four banks has become the first to reveal that the conflict in the Middle East is affecting its business, ahead of the May federal budget.

Future Fund set to join tech-related jobs cull

Future Fund set to join tech-related jobs cull

Future Fund set to join tech-related jobs cull

Future Fund set to join tech-related jobs cull

Australia's sovereign wealth fund will shave as much as $15 million in costs and review 10 staff roles as it reaps the benefits of improved technology.

Australia's existing LNG contracts might be the last

Australia's existing LNG contracts might be the last

Australia's existing LNG contracts might be the last

Australia's existing LNG contracts might be the last

In a decarbonising world, Australian LNG exports are likely to be the first on the chopping block for customers with their own cheaper domestic gas supplies.

Iran threatens ports as US set to impose blockade

Iran threatens ports as US set to impose blockade

Iran threatens ports as US set to impose blockade

Iran threatens ports as US set to impose blockade

A showdown looms as the US prepares for a blockade of all Iranian ports and Iran warns that no port in the region will be safe if American forces carry it out.

Australian shares drop as US vows new oil blockade

Australian shares drop as US vows new oil blockade

Australian shares drop as US vows new oil blockade

Australian shares drop as US vows new oil blockade

The ASX has dropped 0.39 per cent and oil prices have jumped back above $US100 a barrel after Donald Trump announced a new blockade on the Strait of Hormuz.

Peru election marred by delays as Fujimori leads count

Peru election marred by delays as Fujimori leads count

Peru election marred by delays as Fujimori leads count

Peru election marred by delays as Fujimori leads count

Keiko Fujimori, daughter of former president Alberto Fujimori, narrowly leads Peru's national election - a vote hit by delays as it heads to a run-off.

Little Audrey makes case for skipping, not scrolling

Little Audrey makes case for skipping, not scrolling

Little Audrey makes case for skipping, not scrolling

Little Audrey makes case for skipping, not scrolling

A beloved skipping girl sign has been switched off and replaced with a doomscrolling tween to highlight the consequences of a screen-dominated childhood.

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IVF giant again in play after new bid pumps up shares

A major player in the IVF service space is considering a higher takeover proposal from a consortium made up of two heavyweight investment firms.

Hungary PM Orban out after 16yrs in election earthquake

Hungary's nationalist leader Viktor Orban, a close ally of both Donald Trump and Vladimir Putin, has lost power after 16 years in office.

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

Richest state could fuel up for 'tough' times

A cashed-up state government could build its own emergency fuel reserve while still expecting to receive its cut of the national stockpile.

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More cost relief on table as Aussies asked to save fuel

The impacts of the energy crisis will likely continue even if a Middle East ceasefire holds, the government warns as it prepares to roll out an ad campaign.

Tourism funding boost to help cyclone-hit towns recover

Towns reliant on tourism will receive help to rebuild with a support package on its way for businesses rocked by Cyclone Narelle.

Doubts over Lebanon, sanctions ahead of Iran peace meet

A US delegation led by Vice President JD Vance is in Pakistan to join Iranian government ministers and officials for peace talks.

'Don't panic': cash isn't king when it comes to super

The US war on Iran is spooking Australians who've watched their super pools drop tens of thousands of dollars since the conflict began on February 28.

Aussie firm losing bid to mine rare earths in Greenland

Hopes have dimmed further for an Australian company’s stalled rare-earth project in Greenland, with authorities set to reject an exploration licence extension.

NDIS overhaul uncertainty 'deeply unsettling'

As the government debates how to rein in the spiralling cost of the NDIS, advocates say the disability community is struggling with the uncertainty.

Australians skipping, delaying medicines due to price

Cost of living has forced Australians to cut down on their medications, prompting calls for Australia to shake up its drug subsidy approval scheme.

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