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Latest news: Economy, Business and Finance

Trump delays more tariffs amid US economic uncertainty

Trump delays more tariffs amid US economic uncertainty

Donald Trump has postponed tariffs on many imports from Mexico and some from Canada for a month amid widespread fears of the economic fallout from a trade war.

Rich getting richer: wealth divide hits record high

Rich getting richer: wealth divide hits record high

Rich getting richer: wealth divide hits record high

Rich getting richer: wealth divide hits record high

Australia's wealth divide reached its worst level in more than two decades, after excluding a temporary narrowing during the COVID-19 pandemic.

Home approvals rise as Australia's economy turns corner

Home approvals rise as Australia's economy turns corner

Home approvals rise as Australia's economy turns corner

Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

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Trump gives automakers short exemption from new tariffs

Trump gives automakers short exemption from new tariffs

President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for US automakers.

Trump triggers trade war with Canada, China and Mexico

Trump triggers trade war with Canada, China and Mexico

President Donald Trump has launched a trade war against the US's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China.

More pain for commuters as pay stoush stalls metro work

More pain for commuters as pay stoush stalls metro work

Train passengers will be stuck on replacement buses for longer after conversion work on part of the nation's biggest public rail transport project was delayed.

Coalition backs away from insurers break-up pledge

Coalition backs away from insurers break-up pledge

Peter Dutton's plan to pursue laws to break up insurance companies who rip off costumers has been knocked on the head by his shadow treasurer.

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Green shoots for economy as Australia snaps dire record

Green shoots for economy as Australia snaps dire record

Green shoots for economy as Australia snaps dire record

Green shoots for economy as Australia snaps dire record

Australia has accelerated out of an economic slump after expanding by 1.3 per cent in 2024, leading to a rise in per capita growth - a proxy for prosperity.

RBA deputy denies rate cut contradicted own forecasts

RBA deputy denies rate cut contradicted own forecasts

RBA deputy denies rate cut contradicted own forecasts

RBA deputy denies rate cut contradicted own forecasts

The Reserve Bank board did not disagree with its own staff over its inflation forecast as some commentators have suggested, deputy governor Andrew Hauser says.

Calls grow to banish 'anti-democratic' bracket creep

Calls grow to banish 'anti-democratic' bracket creep

Calls grow to banish 'anti-democratic' bracket creep

Calls grow to banish 'anti-democratic' bracket creep

Economists have backed a teal proposal to index income tax thresholds to end bracket creep, which is placing an increased burden on working Australians.

Bosses urged to stay flexible as gender pay gap narrows

Bosses urged to stay flexible as gender pay gap narrows

Bosses urged to stay flexible as gender pay gap narrows

Bosses urged to stay flexible as gender pay gap narrows

The gender pay gap is steadily closing amid warnings revoking work from home flexibility will impact women's ability to earn more.

Revelations in minutes of interest rate drought breaker

Revelations in minutes of interest rate drought breaker

Revelations in minutes of interest rate drought breaker

Revelations in minutes of interest rate drought breaker

Minutes from the Reserve Bank meeting that finally lower interest rates shows board members responding to signals from recent trends in two key areas.

Stocks tumble as Trump locks in Canada, Mexico tariffs

Stocks tumble as Trump locks in Canada, Mexico tariffs

Stocks tumble as Trump locks in Canada, Mexico tariffs

Stocks tumble as Trump locks in Canada, Mexico tariffs

US President Donald Trump's taxes on imports from Mexico and Canada is sparking fears of a North American trade war that will hike inflation and hinder growth.

Higher household bills by 2030 under nuclear: report

Higher household bills by 2030 under nuclear: report

Higher household bills by 2030 under nuclear: report

Higher household bills by 2030 under nuclear: report

Slowing down the renewables rollout under an alternative energy transition pathway could be a disaster for power prices, the clean energy industry body says.

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Indigenous-led centre launched, continuing Mabo legacy

Helping Aboriginal and Torres Strait Islander communities leverage their native title rights for economic growth will be the focus of a new centre.

Steelworks administrator reveals depth of financial woe

The owners of Whyalla's embattled steelworks owe more than $1.3 billion, administrators have told the first meeting of OneSteel creditors.

Business outlook brighter but red tape chafes operators

Optimism has risen among small business owners, buoyed by the prospect of lower interest rates and holding out for tax and regulatory reform at the election.

Australian economy to get pulse check, RBA minutes drop

National accounts figures headline a bumper week on the economic front, with RBA minutes, retail trade, housing data and government finances also on show.

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Coalition matches Labor pledge to keep beer tax on ice

A promise to pause the draught beer excise for two years under a re-elected Labor government has been followed by a matching pledge from the opposition.

Record high house prices as rate cut buoys sentiment

House prices have rebounded to record highs after the Reserve Bank's rate cut boosted sentiment and improved Australians' borrowing power.

Lower costs, better value as airlines deal takes flight

A deal between Qatar Airways and Virgin Australia could strengthen competition and improve flight capacity in a '"major win" for passengers.

Coalition, Labor miss the mark on $347b spending claim

The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.

Global uncertainty played a role in rate cut: RBA

Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.

Persistent pay gap widens gender gulf in assets

The gender pay gap is leaving women with fewer properties and shares than men, says a survey indicating more than four in ten women have no such assets at all.

Reasons for struggling productivity growth revealed

Inefficient use of resources and a lack of new ideas have contributed to Australia's declining productivity growth, the Productivity Commission says.

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