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Latest news: Economy, Business and Finance

Prices coming down as Coles keeps tabs on Trump tariffs

Prices coming down as Coles keeps tabs on Trump tariffs

Coles has recorded a 3.7 per cent sales boost over the most recent quarter, revealing prices have started to drop but US tariffs remain front of mind.

Trump signs order to ease car tariffs burden

Trump signs order to ease car tariffs burden

Trump signs order to ease car tariffs burden

Trump signs order to ease car tariffs burden

US President Donald Trump has signed an order on car tariffs designed to give some relief to the auto industry on the eve of his 100th day in office.

Students and hire staff pay for Labor election pledges

Students and hire staff pay for Labor election pledges

Students and hire staff pay for Labor election pledges

Students and hire staff pay for Labor election pledges

Labor reveals how it would balance the federal budget with its election promises as a global agency warns government spending could trigger a credit downgrade.

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Problem child no more: surprise rise in state rankings

Problem child no more: surprise rise in state rankings

Western Australia has cemented its spot at the top of the latest CommSec State of the States rankings, but another state's climb comes as more of a surprise.

Healthy inflation data should help ease mortgage pain

Healthy inflation data should help ease mortgage pain

Quarterly numbers are expected to show inflation has drifted into the Reserve Bank's target range to set up a further interest rate cut.

China eases some US tariffs, denies Trump's talk claims

China eases some US tariffs, denies Trump's talk claims

China has denied US President Donald Trump's claims the countries are negotiating tariffs, but has exempted some US-made imports from its steep tariffs.

China accuses US of 'misleading public' on trade talks

China accuses US of 'misleading public' on trade talks

Beijing has rejected President Donald Trump's claim that the US and China are holding tariff talks, telling Washington to stop "misleading the public".

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China warns G20 global economic growth 'insufficient'

China warns G20 global economic growth 'insufficient'

China warns G20 global economic growth 'insufficient'

China warns G20 global economic growth 'insufficient'

China says economic fragmentation and trade tensions have disrupted supply chains, weakening the momentum of global economic growth.

Bessent expects US-China trade tensions de-escalation

Bessent expects US-China trade tensions de-escalation

Bessent expects US-China trade tensions de-escalation

Bessent expects US-China trade tensions de-escalation

A de-escalation in China-US trade tensions will happen in the "very near future," US Treasury Secretary Scott Bessent has reportedly told investors.

Santos gets final tick for flagship Barossa gas project

Santos gets final tick for flagship Barossa gas project

Santos gets final tick for flagship Barossa gas project

Santos gets final tick for flagship Barossa gas project

Santos has received final approval to start production on its flagship $5.8 billion Barossa gas project in the Timor Sea after years of legal delays.

Rate cut on horizon amid fears of more stock turmoil

Rate cut on horizon amid fears of more stock turmoil

Rate cut on horizon amid fears of more stock turmoil

Rate cut on horizon amid fears of more stock turmoil

Donald Trump's latest attack on a pillar of the global economy could renew market stress as Australian homeowners eye a supersized rate cut.

Trump hails 'big progress' in tariffs talks with Japan

Trump hails 'big progress' in tariffs talks with Japan

Trump hails 'big progress' in tariffs talks with Japan

Trump hails 'big progress' in tariffs talks with Japan

Donald Trump and Japanese officials have taken part in talks on tariffs, as the US president's trade war continues to spook global markets.

No 'band-aid solution': sweating coal risky business

No 'band-aid solution': sweating coal risky business

No 'band-aid solution': sweating coal risky business

No 'band-aid solution': sweating coal risky business

Proper maintenance is the answer to ageing coal generator reliability issues, the coalition has countered in response to more questions about its nuclear plan.

Trump plays critical minerals card in tariff trade war

Trump plays critical minerals card in tariff trade war

Trump plays critical minerals card in tariff trade war

Trump plays critical minerals card in tariff trade war

A national security review of critical minerals imports has been ordered by President Donald Trump in an escalation of his dispute with global trading partners.

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Bell tolls as KFC operator dumps bucket on taco chain

Australian restaurant firm Collins Foods is looking for a suitor to buy its Taco Bell chain as it eyes a bigger piece of the European market for its KFC brand.

Tariff turmoil triggers Reserve Bank inflation fears

Uncertainty over US tariffs and a brewing global trade war cast a shadow over the Reserve Bank of Australia as it deliberated on cutting interest rates.

US begins probes into pharmaceuticals, chip imports

The US is preparing to impose tariffs on pharmaceuticals, as drug makers argue that could increase the chance of shortages and reduce access for patients.

Big bite on spending swallows up hospitality businesses

A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.

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Meta's landmark trial could dismantle huge tech empire

Meta faces a historic antitrust trial which may force it to break off Instagram and WhatsApp, startups it bought that have become social media powerhouses.

China's Xi boosts Asian trade ties amid US tariff spat

President Xi Jinping has warned there are no winners in trade wars as he begins an Asian tour aimed at consolidating relations with China's neighbours.

US tariffs on imported semiconductor chips coming soon

Donald Trump has flagged new tariffs on smartphones, computers and some other electronics as the trade war saga sparks the most volatile markets in five years.

Us excludes smartphones and computers from tariffs

The big tech industry can breathe a huge sigh of relief after President Donald Trump's administration exempted smartphones and computers from tariffs.

Trump tariff trouble to cast shadow on domestic market

While fresh insight into the Reserve Bank's rate decision is set to be revealed, all economic eyes will continue to be on the fallout from US-imposed tariffs.

Australia, Indonesia strengthen ties amid tariff hikes

Global trade concerns are a key topic of conversation between Australia and Indonesia as US trade tariffs wreak uncertainty among governments and markets.

China retaliates again in Trump's escalating trade war

The White House says Donald Trump's trade advisors are aiming to strike trade deals during a 90-day tariff pause, as the global trade war continues.

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