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Latest news: Economy, Business and Finance

More seats, cheaper fuel cut airfare costs for Aussies

More seats, cheaper fuel cut airfare costs for Aussies

Increased aviation routes and low fuel costs will keep downward pressure on airfares in the coming months, with prices down 12 per cent at the start of 2025.

Growing pains and gains as regional boom continues

Growing pains and gains as regional boom continues

Growing pains and gains as regional boom continues

Growing pains and gains as regional boom continues

The population of regional Australia is climbing towards 10 million, putting some towns under pressure as the escape to the country continues.

Torres fund ignites crayfisherman's export dreams

Torres fund ignites crayfisherman's export dreams

Torres fund ignites crayfisherman's export dreams

Torres fund ignites crayfisherman's export dreams

A groundbreaking Indigenous-led fund is giving First Nations businesses a vital boost with capital and crucial support.

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Looming power bill hikes spark calls to shop around

Looming power bill hikes spark calls to shop around

Hunting for a better deal could save some Australian households and businesses hundreds of dollars a year as consumers brace for higher bills.

Trump extends deadline to reach EU trade deal

Trump extends deadline to reach EU trade deal

Donald Trump has agreed to delay implementing a 50 per cent tariff on goods from the European Union until July 9 to allow time for negotiations with the bloc.

Fears super tax rise for rich will whack housing market

Fears super tax rise for rich will whack housing market

Slapping taxes on high superannuation balances may be well intended, but the federal government's plan could harbour some pitfalls.

Price moves to help RBA plot course through uncertainty

Price moves to help RBA plot course through uncertainty

Australia's central bank will seek signs of stability as it tries to chart a course to lower interest rates through the murky waters of global uncertainty.

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Trump threatens new EU tariffs, reigniting trade fears

Trump threatens new EU tariffs, reigniting trade fears

Trump threatens new EU tariffs, reigniting trade fears

Trump threatens new EU tariffs, reigniting trade fears

Describing EU trade talks as "going nowhere", US President Donald Trump has threatened to impose a 50 per cent tariff.

Australian firms 'upbeat' China can navigate trade war

Australian firms 'upbeat' China can navigate trade war

Australian firms 'upbeat' China can navigate trade war

Australian firms 'upbeat' China can navigate trade war

Australian firms are bullish about their opportunities in China despite global trade ructions casting doubt over economic growth, the Reserve Bank deputy says.

New Zealand stuck in red as government chases growth

New Zealand stuck in red as government chases growth

New Zealand stuck in red as government chases growth

New Zealand stuck in red as government chases growth

New Zealand is mired in deficits and debt, with Finance Minister Nicola Willis's second budget showing the nation's economic pain.

'Accountability' at heart of low public sector pay gaps

'Accountability' at heart of low public sector pay gaps

'Accountability' at heart of low public sector pay gaps

'Accountability' at heart of low public sector pay gaps

Gender pay gaps at public sector employers have been revealed for the first time, with the data showing many have a gap much lower than the private sector.

Work in progress: bottlenecks hinder green export hub

Work in progress: bottlenecks hinder green export hub

Work in progress: bottlenecks hinder green export hub

Work in progress: bottlenecks hinder green export hub

The experience of one promising green industry zone suggests success is not guaranteed and keeping wheels turning on investment, training and renewables is key.

Borrowers rejoice as rates cut amid 'uncertain' times

Borrowers rejoice as rates cut amid 'uncertain' times

Borrowers rejoice as rates cut amid 'uncertain' times

Borrowers rejoice as rates cut amid 'uncertain' times

The official cash rate has a three in front of it for the first time in two years, after the Reserve Bank cut interest rates by 25 basis points.

Controversial gas project hinges on 11th-hour talks

Controversial gas project hinges on 11th-hour talks

Controversial gas project hinges on 11th-hour talks

Controversial gas project hinges on 11th-hour talks

The future of Woodside's North West Shelf gas project is a priority item in talks between federal Environment Minister Murray Watt and WA Premier Roger Cook.

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Full extent of Trump's tariff slap on economy revealed

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

Call for adult wages for youth in retail, fast food

A union is demanding the federal government implement adult wages for young workers in retail, fast food and pharmacy jobs.

Japanese firms reportedly cash in on-selling Aussie gas

More Australian liquefied natural gas appears to be bypassing Japanese ownership before landing in a third destination than exports from any other country.

Major industrial employer scales back amid tariffs

A major Australian manganese alloy smelter has scaled back production, citing global supply chain issues and US tariffs, and is encouraging staff to take leave.

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Telstra accused of beating around the bush on coverage

Telstra admits changing its website to update coverage claims, but denies it misled customers as the consumer watchdog considers the allegations.

Search for signs of Trump trade slowdown as RBA meets

Uncertainty, both known and unknown, surrounding Donald Trump's tariffs and their economic impact could spur the Reserve Bank to cut interest rates on Tuesday.

Interest rate cut tipped despite Trump tariff backdown

The Reserve Bank is widely expected to deliver a second interest rate cut as global trade uncertainty threatens to rain on Australia's economy.

Thorny nature reforms threaten to entangle new minister

Labor's pledge to deliver a once-in-a-generation overhaul of environmental laws went unfulfilled in its first term, leaving a new minister to finish the job.

US to send letters within weeks on trade: Trump

US letters on trade will be sent to other countries over the next two to three weeks, US President Donald Trump says.

Mind the gap: $1 million homes driving up wealth divide

Home ownership rates continue to decline as more homes crack $1 million in value, making it harder for young Australians to keep up.

Mortgage relief could be limited as jobs market expands

An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.

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