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Latest news: Economy, Business and Finance

Blanket bans on AI could cause 'data centre panic'

Blanket bans on AI could cause 'data centre panic'

Business peak bodies have cautioned against uniform rules for how data centres are powered, warning it could stifle investment in the technology.

Small-business owners, women worried about golden years

Small-business owners, women worried about golden years

Small-business owners, women worried about golden years

Small-business owners, women worried about golden years

Australia has built one of the world's largest retirement saving pools, but many people worry they will run out of money to live on after they stop working.

Workers demand new public holiday for more family time

Workers demand new public holiday for more family time

Workers demand new public holiday for more family time

Workers demand new public holiday for more family time

Workers in the state with the least number of public holidays in the country have marched to parliament seeking more time with family.

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Aussie shares wobble as inflation fears loom large

Aussie shares wobble as inflation fears loom large

An afternoon rebound in resources stocks has helped limit losses on another careful day of trading, as traders mulled a raft of geopolitical and economic risks.

Property market to face 'deeper correction', bank warns

Property market to face 'deeper correction', bank warns

Property prices in major capitals are set to fall even further, one of the big four banks has cautioned, following a further downturn in the last month.

Palmer seeks real estate in claim lawyer stole millions

Palmer seeks real estate in claim lawyer stole millions

Businessman Clive Palmer's former solicitor unlawfully took $34 million and used it to buy gold bullion and a large property portfolio, a judge has heard.

Spending slowdown sparks memories of 'retail recession'

Spending slowdown sparks memories of 'retail recession'

Grappling with rising interest rates and declining real wages, retailers are expected to be hit hard by a year of slower consumer spending.

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Treasury tips AI as key driver of productivity growth

Treasury tips AI as key driver of productivity growth

Treasury tips AI as key driver of productivity growth

Treasury tips AI as key driver of productivity growth

Advice given to the federal treasurer suggests the real impact of artificial intelligence is too hard to predict but will be largely positive for Australia.

US irks G20 ministers by inviting Russia

US irks G20 ministers by inviting Russia

US irks G20 ministers by inviting Russia

US irks G20 ministers by inviting Russia

Russia's finance minister has made a surprise appearance at the G20, while some US journalists have been denied access to the international economic forum.

Pacific summit underway in Palau without key leaders

Pacific summit underway in Palau without key leaders

Pacific summit underway in Palau without key leaders

Pacific summit underway in Palau without key leaders

Anthony Albanese, Chris Bowen and Pat Conroy are leading Australia's diplomatic effort at this year's Pacific Islands Forum leaders meeting.

Iran dismisses Trump's Kharg video as 'laughable'

Iran dismisses Trump's Kharg video as 'laughable'

Iran dismisses Trump's Kharg video as 'laughable'

Iran dismisses Trump's Kharg video as 'laughable'

US President Donald Trump has shared an AI-generated video of claimed destruction on Iran's Kharg Island.

Aussie shares slip, but round out fifth positive month

Aussie shares slip, but round out fifth positive month

Aussie shares slip, but round out fifth positive month

Aussie shares slip, but round out fifth positive month

A bounce in banking stocks couldn't offset a sharp sell off in miners, as US interest rate fears and a re-escalation of geopolitical risks weigh on confidence.

Nepal teams seek hundreds trapped in hydropower tunnels

Nepal teams seek hundreds trapped in hydropower tunnels

Nepal teams seek hundreds trapped in hydropower tunnels

Nepal teams seek hundreds trapped in hydropower tunnels

Emergency workers in Nepal are racing to reach more than 900 workers trapped in hydropower project tunnels choked with mud and rock debris in the Himalayas.

IVF provider sees new life in stimulated cycle numbers

IVF provider sees new life in stimulated cycle numbers

IVF provider sees new life in stimulated cycle numbers

IVF provider sees new life in stimulated cycle numbers

A fertility services provider has reported a sharp fall in net profit after fewer patients started new treatment cycles, but says the business is improving.

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Chips still down at casino group as loss narrows

An embattled casino operator has slimmed its annual loss, but remains under pressure as it balances softening revenue, regulator woes and mountains of debt.

Simpler leasing laws sold as small business boost

Rules for commercial tenancies could be made simpler for business owners in a productivity push for the sector.

Economic growth data next milestone for Reserve Bank

GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.

Iran urges other countries not to join US sanctions

Iran’s government has urged countries against implementing US sanctions while the foreign minister says getting diplomacy "back on track isn't impossible".

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Aussie shares end week higher on decent final session

Mining stocks and consumer staples have helped the local exchange snap a two-week losing streak, buoyed by commodity price strength and strong earnings.

Australian-first work-from-home laws stalled again

Parliamentary debate on Victoria's work-from-home laws has been parked after an hour-long meeting between the premier and business group leaders.

You've got no mail: AusPost flags further delivery cuts

Australia's government-owned postage service is vowing to deliver letters for as long as they exist, but Australians will receive them less often.

Retailer banks on outdoor living to lure people inside

Harvey Norman is redoing its Australian store locations and has a big outdoor goods promotion planned after suffering a significant drop in shoppers.

'Not at this point': Virgin side-eyes rival's new fees

Virgin has lifted profit in its first full year back on the stock exchange, and is keeping an eye on ancillary revenue outside its normal fare proceeds.

Australian shares slide as rate-hike fears mount

Inflation worries have reignited concerns of tighter borrowing costs, darkening an already gloomy outlook for economic growth and company returns.

Qantas to jettison flagship jet sooner as profit slides

Qantas will begin phasing out its "much-loved" Airbus A380s four years earlier than planned, after its annual profits hit turbulence.

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