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Latest news: Economy, Business and Finance

EU-Aust free trade deal: a “middle finger to Trump”

EU-Aust free trade deal: a “middle finger to Trump”

Hopes of inking a speedy European Union-Australia free trade deal appear wishful, with some Brussels observers hosing down expectations.

Oil tumbles, stocks rebound after Trump Mideast pause

Oil tumbles, stocks rebound after Trump Mideast pause

Oil tumbles, stocks rebound after Trump Mideast pause

Oil tumbles, stocks rebound after Trump Mideast pause

Asian and European share markets have risen and oil prices are down after President Donald Trump delayed a decision on the US joining the Israel-Iran conflict.

Budget billions helps cashed-up state lead debt battle

Budget billions helps cashed-up state lead debt battle

Budget billions helps cashed-up state lead debt battle

Budget billions helps cashed-up state lead debt battle

A seventh surplus budget for the nation's richest state sets it apart from other jurisdictions as it enjoys the lowest debt levels in the country.

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Second wind for long-promised nature law reforms

Second wind for long-promised nature law reforms

There is no time to waste to fix broken nature laws, Environment Minister Murray Watt says, although early indications suggest climate will not be included.

Labour market stays tight despite surprise drop in jobs

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

Pedal to the metal for home prices as rates fall

Pedal to the metal for home prices as rates fall

Sydney and Melbourne are expected to be the fastest-growing property markets in 2025/26 as mortgage rates fall, Domain forecasts shows.

Treasurer throws down gauntlet for 'crucial' tax reform

Treasurer throws down gauntlet for 'crucial' tax reform

The treasurer has kicked off a journey that he hopes will result in broad agreement on changes that help solve Australia's economic challenges.

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Optus says yes to record $100m fine for dodgy sales

Optus says yes to record $100m fine for dodgy sales

Optus says yes to record $100m fine for dodgy sales

Optus says yes to record $100m fine for dodgy sales

Optus has agreed to a record fine for "unconscionable" sales to hundreds of consumers, including in remote Indigenous communities its network didn't cover.

Power customers promised tougher rules on price gouging

Power customers promised tougher rules on price gouging

Power customers promised tougher rules on price gouging

Power customers promised tougher rules on price gouging

More downwards pressure on power bills is the goal of planned tweaks to regulated electricity pricing now on the federal government's agenda.

Australia to bolster security and defence with EU

Australia to bolster security and defence with EU

Australia to bolster security and defence with EU

Australia to bolster security and defence with EU

Australia's relationship with the EU is set to become even closer after the two began negotiations on a security and defence partnership.

PM eyes another possible Trump meeting later this month

PM eyes another possible Trump meeting later this month

PM eyes another possible Trump meeting later this month

PM eyes another possible Trump meeting later this month

Anthony Albanese could soon get a second chance to meet with Donald Trump, after the US president abruptly cancelled their first in-person meeting.

Trump wary of EU trade offer while Japan being 'tough'

Trump wary of EU trade offer while Japan being 'tough'

Trump wary of EU trade offer while Japan being 'tough'

Trump wary of EU trade offer while Japan being 'tough'

US Treasury Secretary Scott Bessent remains at a G7 meeting in Canada for trade talks following President Donald Trump's early departure from the summit.

'You worry': fears in Iranian community after bombing

'You worry': fears in Iranian community after bombing

'You worry': fears in Iranian community after bombing

'You worry': fears in Iranian community after bombing

Iranians in Australia say there is growing community fear over the safety of family members caught up in escalating violence in the Middle East.

Trump speeds Future Fund's retreat from US markets

Trump speeds Future Fund's retreat from US markets

Trump speeds Future Fund's retreat from US markets

Trump speeds Future Fund's retreat from US markets

Chair Greg Combet says Australia's Future Fund must diversify its portfolio, including with investments in domestic data centres, to insure against volatility.

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Middle East conflict ends plan for PM's key Trump talk

Anthony Albanese will no longer meet with Donald Trump after the US president revealed he will leave the G7 summit before their highly anticipated encounter.

Australia slides down economic competitiveness rankings

Poor productivity is hobbling Australia's efforts to attract global talent, as the federal government details its plans to get the country building again.

Art activists in legal bid to kill massive gas project

A legal bid to overturn the state approval of a massive gas project's extension could also impact a pending federal clearance, activists say.

Green tick: Australian net-zero projects to be rated

Environmental projects will be analysed and rated in Australia in a move experts say could prevent greenwashing and encourage international investments.

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Trump arrives for G7 amid trade, political tensions

Donald Trump has arrived in Canada for his first G7 summit since returning to office - and after irking his partners with tariffs and threats of annexation.

Prepare for lift off: airport city scores $800m pledge

A sizeable budget investment in essential services for what is envisioned to be a thriving area around Australia's newest airport will help it launch soon.

PM coy on whether Canadian leader gave him Trump tips

Prime Minister Anthony Albanese has held discussions with Canada's leader as both countries reckon with the impact of the US president's tariff regime.

Global doom and gloom sinks Aussie economic optimism

With the world order under threat, Australian attitudes to the economy and security are the bleakest they've been in two decades, a Lowy Institute poll shows.

Transparency boost: Reserve Bank homes in on key change

The Reserve Bank is likely to implement a key outstanding recommendation of a review into its operations, bringing it in line with international counterparts.

Spotlight on unemployment as jobs market loses heat

Jobs data is set to dominate the economic agenda in Australia, while onlookers expect the Federal Reserve to keep US interest rates on hold.

Australia holds cards as global lithium shortage looms

With international demand for lithium expected to grow tenfold in just the next few years, Australia is well placed to cash in as the world's biggest producer.

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