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Latest news: Economy, Business and Finance

Workers to benefit as wages growth outpaces inflation

Workers to benefit as wages growth outpaces inflation

The outlook for wages is improving as inflation falls, growth picks up and clauses stopping workers moving to higher pay jobs are ditched.

Taxpayers to get $10 a week cut in pre-election budget

Taxpayers to get $10 a week cut in pre-election budget

Taxpayers to get $10 a week cut in pre-election budget

Taxpayers to get $10 a week cut in pre-election budget

All taxpayers will get two rounds of cuts but only starting from July 2026, as Treasurer Jim Chalmers makes the case for a second Labor term.

'Optimism' in budget as Australia seen turning a corner

'Optimism' in budget as Australia seen turning a corner

'Optimism' in budget as Australia seen turning a corner

'Optimism' in budget as Australia seen turning a corner

The cost of living will be centre stage in the government's budget as many continue to do it tough, but a cabinet minister says there is reason to have hope.

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Trump says some countries may get a break from tariffs

Trump says some countries may get a break from tariffs

Tariffs on vehicles, aluminium and pharmaceuticals will be announced in the near future, US President Donald Trump says.

Calls for premier's rail 'pet project' to be cancelled

Calls for premier's rail 'pet project' to be cancelled

A state opposition party is intensifying its calls for a major multibillion-dollar rail project to be cancelled to avoid sending the state broke.

Consultants in firing line amid public servant stoush

Consultants in firing line amid public servant stoush

The coalition wants to slash public servant numbers but Labor says the alternative is costly consultants, as both sides lavish voters with cost-of-living help.

Carney calls snap vote, says Trump has sights on Canada

Carney calls snap vote, says Trump has sights on Canada

Canada's new Prime Minister Mark Carney has called a snap election asking for a mandate to tackle US President Donald Trump who he says wants to "own" Canada.

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Public service jobs on line as poll battlelines form

Public service jobs on line as poll battlelines form

Public service jobs on line as poll battlelines form

Public service jobs on line as poll battlelines form

The coalition has doubled down on plans to axe public service jobs if elected as the prime minister goes into bat for Australians working from home.

'Hip pocket help' on its way in pre-election sweetener

'Hip pocket help' on its way in pre-election sweetener

'Hip pocket help' on its way in pre-election sweetener

'Hip pocket help' on its way in pre-election sweetener

Australians will receive more energy bill relief in the federal budget but the Liberals argue it's only needed because Labor has allowed costs to blow out.

Budget week to bring inflation, cost-of-living news

Budget week to bring inflation, cost-of-living news

Budget week to bring inflation, cost-of-living news

Budget week to bring inflation, cost-of-living news

The Albanese government will look to further ease cost-of-living pressures without adding to inflation when it delivers its fourth budget.

UK government orders probe into Heathrow shutdown

UK government orders probe into Heathrow shutdown

UK government orders probe into Heathrow shutdown

UK government orders probe into Heathrow shutdown

The UK government has ordered an investigation into the country's energy resilience after an electrical substation fire shut Heathrow Airport for almost a day.

Plans to help more into 'disaster' housing market

Plans to help more into 'disaster' housing market

Plans to help more into 'disaster' housing market

Plans to help more into 'disaster' housing market

Aspiring homeowners could secure a cheaper mortgage and lower deposit by letting the government take a stake, but Peter Dutton questions whether they want to.

Coles, Woolies guilty of increasing margins: watchdog

Coles, Woolies guilty of increasing margins: watchdog

Coles, Woolies guilty of increasing margins: watchdog

Coles, Woolies guilty of increasing margins: watchdog

Treasurer Jim Chalmers promised a crackdown on major supermarkets following a consumer watchdog report, but warned breaking them up would be counterproductive.

Nation needs greater protection from economic threats

Nation needs greater protection from economic threats

Nation needs greater protection from economic threats

Nation needs greater protection from economic threats

A review of intelligence services has called for a system overhaul to combat a growing threat to Australia's economic security.

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Why shock drop in jobs won't shift RBA rate cut bets

Fewer older Australians returned to work in February, driving a surprise fall in jobs and workforce participation but the labour market remains tight overall.

Gas shortfall delayed as homes electrify, winters mild

Australia's southern states are still facing gas shortfall warnings yet the timeline has been pushed out by three years.

Tariffs spell death knell for businesses on the brink

Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.

Treasurer to tighten belt in 'few surprises' budget

Treasurer Jim Chalmers has hosed down speculation of a major upgrade to forecast revenue and warned of "few surprises" on budget night.

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'The King is King of Australia': Backlash over $5 note

Monarchists have slammed the central bank's decision not to include the King's portrait on the $5 note, saying the government is pushing to become a republic.

Tariffs and growth slump a concern for banking leaders

Australia's economic growth forecasts have been downgraded due to Donald Trump's trade war, keeping its most important financial leaders on their toes.

Active Super to pay $10.5 million for greenwashing

A super fund has been ordered to pay millions of dollars and cover the regulator's legal costs for misleading members about its green credentials.

Cyclone's blow to budget as food, building costs hit

The full impact of the destruction wrought by Cyclone Alfred is being assessed, with grocery and construction prices under pressure.

US launches large-scale strikes on Yemen's Houthis

The US has launched a series of airstrikes on Yemen's Iran-aligned Houthis after they resumed attacks on ships passing through the Red Sea and Arabian Sea.

Jobs market to hold strong in face of tariff threat

Australia's unemployment rate is expected to stay remarkably low when jobs data is released on Thursday, as the Reserve Bank considers more rate cuts.

US tariffs should be a 'wake-up call' for Australia

Australia has been warned against relying on Donald Trump as it continues to try to negotiate for an exemption from the US president's trade tariffs.

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