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Latest news: Economy, Business and Finance

'Things won't change': PM insists GST deal is iron clad

'Things won't change': PM insists GST deal is iron clad

Anthony Albanese has promised he won't backtrack on a generous GST deal for WA, despite protests from other jurisdictions that it's unfair.

Canada hits back at US as tariff feud explodes

Canada hits back at US as tariff feud explodes

Canada hits back at US as tariff feud explodes

Canada hits back at US as tariff feud explodes

After days of intense negotiations, the US and Canada have failed to reach a trade deal, worsening an already delicate relationship between the two nations.

Childcare group in the red due to cost, low birth rates

Childcare group in the red due to cost, low birth rates

Childcare group in the red due to cost, low birth rates

Childcare group in the red due to cost, low birth rates

A major childcare centre, which was caught up in an abuse scandal last year, has made an interim loss after deciding to close 40 centres in its network.

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Aussie shares advance as mining stocks hit record highs

Aussie shares advance as mining stocks hit record highs

Commodity price strength has helped push Australia's resources segment to a fresh peak, counterbalancing a rough stint for financials stocks.

'In it to win it': liquor group sees more GenZ buyers

'In it to win it': liquor group sees more GenZ buyers

Bottle shops and pubs giant Endeavour Group has increased its retail market share after lowering shelf prices for customers, leaving it with lower profits.

Oil markets to remain tight as conflicts drag on

Oil markets to remain tight as conflicts drag on

Ampol, which owns one of Australia's two onshore oil refineries, has turned in a stellar first-half profit after oil market dislocation boosted its earnings.

Scandal-hit KPMG rakes in billions, slashes jobs

Scandal-hit KPMG rakes in billions, slashes jobs

KPMG, which has been embroiled in an audit and whistleblower scandal, will cut more than 350 jobs after a fall in revenue in its main consultancy business.

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Fast-evolving online scams fleece millions from Aussies

Fast-evolving online scams fleece millions from Aussies

Fast-evolving online scams fleece millions from Aussies

Fast-evolving online scams fleece millions from Aussies

Total losses from online scams seem to be falling, but with artificial intelligence and digital connectedness on the increase, the future is uncertain.

Iran says sanction threats by 'desperate' US will fail

Iran says sanction threats by 'desperate' US will fail

Iran says sanction threats by 'desperate' US will fail

Iran says sanction threats by 'desperate' US will fail

US Treasury Secretary Scott ‌Bessent has threatened to impose "the toughest sanctions in history" on Iran, but Tehran has scoffed at the move.

Inflation data and RBA minutes to reveal rates clues

Inflation data and RBA minutes to reveal rates clues

Inflation data and RBA minutes to reveal rates clues

Inflation data and RBA minutes to reveal rates clues

Inflation is forecast to have eased during July due to lower electricity prices, but rising fuel costs could reignite price growth down the track.

Big barra farm helps First Nations producers net income

Big barra farm helps First Nations producers net income

Big barra farm helps First Nations producers net income

Big barra farm helps First Nations producers net income

Australia's largest barramundi farm hopes to collaborate with major supermarkets and exporters to better support First Nations producers.

Happy campers hit the road after muddy muddy festival

Happy campers hit the road after muddy muddy festival

Happy campers hit the road after muddy muddy festival

Happy campers hit the road after muddy muddy festival

Mundi Mundi Bash organisers are helping thousands of campers dig their way out of mud and hit the road home after a wet but wonderful celebration of live music.

Canada facing heavy US tariffs after talks fail

Canada facing heavy US tariffs after talks fail

Canada facing heavy US tariffs after talks fail

Canada facing heavy US tariffs after talks fail

Canada's top trade negotiators have been in talks with US officials in a bid to stop Donald Trump's 50 per cent import tariffs coming into effect.

Aussie shares fall for second week as bond worries loom

Aussie shares fall for second week as bond worries loom

Aussie shares fall for second week as bond worries loom

Aussie shares fall for second week as bond worries loom

Geopolitical and macroeconomic concerns are casting a shadow over global equity markets, causing some investors to seek shelter in safe-haven assets.

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Footwear giant vows to step up after first loss

The owner of sneaker chains Platypus, Skechers and The Athlete's Foot is regaining its footing after its first loss in its two decades as a listed company.

Labor unhurried on migration policy over ramifications

The home affairs minister has not given an indication when an overhaul of Australia's migration policy will be unveiled, citing possible unintended concerns.

'Not chicken feed': Middle East war comes home to roost

Chicken meat producer Inghams' annual profit has fallen by more than 60 per cent, as cost inflation stemming from the war in the Middle East hits home.

Kyle-sized hole in radio operator's results

ARN Media spent just over $17 million on legal costs and its settlement with its former star Kyle Sandilands, as its interim earnings slumped.

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Shares break losing streak but banking slump continues

A retreat in bond yields has prompted a surge in precious metals prices, helping miners offset continued weakness in banks and other financial stocks.

Miner goes 'full steam ahead' on loss-making project

Mining giant Fortescue believes it can turn around a troubled mine project that produces a raw material for green steel.

Rise in unemployment shows jobs market softening slowly

The jobs market appears to be softening with a rise in the jobless rate to 4.5 per cent, which should take pressure off the Reserve Bank to lift interest rates.

Insurer pleased more people taking care of their health

Health insurer Medibank Private has lifted its annual profit by almost 30 per cent after drawing in more money from its insurance products.

High-protein trend helps bulk up big Aussie food brand

Bega Cheese, which makes cheddar, yoghurt and peanut butter alongside popular spreads like Vegemite, is back in the black after a protein-driven turnaround.

Federal debt ticks over $1 trillion for the first time

Despite the Commonwealth debt hitting a record high, the treasurer says coalition "hyperventilating" ignores the fact it would have been higher under them.

Fitness spend defies retail gloom as Rebel owner surges

Tight household budgets in Australia and New Zealand haven't stood in the way of ongoing sales growth for a local retail conglomerate, but broad risks remain.

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