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Latest news: Economy, Business and Finance

War of words over inflation as national debt dives

War of words over inflation as national debt dives

Australia lags behind western nations in tackling inflation, the shadow treasurer says, as the Reserve Bank mulls whether to lower interest rates.

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Labor, expert lash 'crazy' call to step in over rates

Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have been rejected by Labor.

Renters still can't keep up, despite more supports

Renters still can't keep up, despite more supports

Renters still can't keep up, despite more supports

Renters still can't keep up, despite more supports

Despite an increase in government supports, low-income earners would still find themselves in rental stress across most of the country, a report has found.

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Treasurer confident of firming up ties on China trip

Treasurer confident of firming up ties on China trip

Jim Chalmers will meet with economic counterparts in Beijing in the first visit by a federal treasurer to China in seven years.

Reserve Bank to hold the line despite US Fed cut

Reserve Bank to hold the line despite US Fed cut

The Reserve Bank is unlikely to give interest rate relief to borrowers at the September meeting as Australia's inflation rate still has fight left in it.

'Welcome progress' on inflation to come: Treasurer

'Welcome progress' on inflation to come: Treasurer

Jim Chalmers says while inflation levels are set to drop when figures are released on Wednesday, it remains unclear if it will get back to RBA targets.

Rate cut delay bolsters case for experts on RBA board

Rate cut delay bolsters case for experts on RBA board

The RBA's gradualist approach to tackling inflation has left it lagging the world on rate cuts and should make it reconsider its strategy, economists say.

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Myer's brand new plan as in-house labels collar profit

Department store Myer is reviewing its operations as tough retail conditions and underperforming in-house brands are blamed for profit dipping 26 per cent.

Impact of US rate cut in Australia remains to be seen

Impact of US rate cut in Australia remains to be seen

Impact of US rate cut in Australia remains to be seen

Impact of US rate cut in Australia remains to be seen

Senior minister Bill Shorten says it's unclear how much of an impact the US Federal Reserve's interest rates cut will have on Australia's economy.

Doomsday prophecy over GST 'rip-off' fails to come true

Doomsday prophecy over GST 'rip-off' fails to come true

Doomsday prophecy over GST 'rip-off' fails to come true

Doomsday prophecy over GST 'rip-off' fails to come true

Australia's most populous state has kept a key triple-A credit rating, sparing taxpayers the pain of covering potentially higher interest repayments.

Healthy jobs numbers to keep RBA on the sidelines

Healthy jobs numbers to keep RBA on the sidelines

Healthy jobs numbers to keep RBA on the sidelines

Healthy jobs numbers to keep RBA on the sidelines

Australia's economy may be limping along but jobs are still going, although mostly part-time gigs and predominantly roles in the public sector.

Domestic gas guarantee risks 'wasteland' in iconic zone

Domestic gas guarantee risks 'wasteland' in iconic zone

Domestic gas guarantee risks 'wasteland' in iconic zone

Domestic gas guarantee risks 'wasteland' in iconic zone

Decades of new gas for export and local use in the west are envisaged under a revised gas reservation policy that has been slammed by environmentalists.

US central bank cuts rates by half a percentage point

US central bank cuts rates by half a percentage point

US central bank cuts rates by half a percentage point

US central bank cuts rates by half a percentage point

The US central bank has announced its first interest rate cut in more than four years, lowering rates by 50 basis points.

Aussie quantum expertise to bolster Germany's defences

Aussie quantum expertise to bolster Germany's defences

Aussie quantum expertise to bolster Germany's defences

Aussie quantum expertise to bolster Germany's defences

Germany's cyber agency has selected Australian technology to develop miniature, mobile quantum computers to bolster its defences.

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Australia working to change Palestinian resolution

Australia is working with a number of other countries to try to change a draft UN resolution by the Palestinian Authority which comes to a vote this week.

More workplace changes off the table before poll

Workplace Minister Murray Watt says the priority for the remainder of this term is bedding down legislation and not making further changes.

Aussie shares unchanged with all eyes on US rates call

The Australian share market has finished flat as the market braces for an expected interest rate cut in the US.

Business leaders eye economic light at end of tunnel

Corporate leaders report feeling upbeat about their firms and the broader economy as the business lobby takes aim at anti-business sentiment.

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Steel giant's venture fund inks tech pact on green iron

A steel giant will work with a space tech entrepreneur on technology to produce iron from Aussie ores without adding to greenhouse gas emissions.

Let's do business: PM reform plea to corporate leaders

As the prime minister comes under fire from a peak corporate sector lobby, he says business and government need to work together for crucial reforms.

Xero acquires analytics platform Syft for $104 million

Accounting software business Xero hit its highest price since 2022 after announcing the $A104 million acquisition of cloud-based reporting platform Syft.

Defence scientists ready for China's 'grey' warfighting

Defence science is proving crucial as smaller powers stand up to China and Russia but can also be used to deter war in an increasingly uncertain future.

Love at first sight in the bush? Data counts the ways

Housing affordability continues to drive Australians to the regions, with a new data tool helping prospective tree changers find their good life.

First battery use of vanadium electrolyte made locally

Sovereign vanadium batteries could speed up the decarbonisation of a vast and often harsh service area after a "significant milestone" for an emerging producer.

Australian energy industry report slams Greens gas plan

A report commissioned by Australia's oil and gas industry says blackouts would hit millions of homes under a Greens gas investment plan.

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