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Latest news: Economy, Business and Finance

Jobs on a string in major energy grid expansion project

Jobs on a string in major energy grid expansion project

A transmission project in one of the most rugged parts of the world is a "litmus test" for whether a state government can stop jobs going offshore, an MP says.

Canada, Mexico retaliate with hefty tariffs on US goods

Canada, Mexico retaliate with hefty tariffs on US goods

Canada, Mexico retaliate with hefty tariffs on US goods

Canada, Mexico retaliate with hefty tariffs on US goods

Canada and Mexico have swiftly retaliated after Donald Trump imposed stiff tariffs on his neighbours' imports to the US, amid fears of a widespread trade war.

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Fresh data to shed light on retail, housing strength

Australians are expected to have pulled back on retail spending after major sales, with the latest data unlikely to shift the dial for the Reserve Bank.

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Nothing can delay Canada, Mexico, China tariffs: Trump

Nothing can delay Canada, Mexico, China tariffs: Trump

Asked if there is any opportunity for the three top US trading partners to win a delay, on his tariffs, Donald Trump says: "No, no. Not right now, no."

Aussie shares set another record on back of rates hype

Aussie shares set another record on back of rates hype

The ASX200 has risen almost half a per cent to finish at its highest-ever level and end January up 4.6 per cent from where it started.

Funding agencies to weigh climate risk after case 'win'

Funding agencies to weigh climate risk after case 'win'

Fossil fuel development may find it harder to get taxpayer funds in Australia after a "benchmark" case that opens the books on environmental harm, lawyers say.

Weight loss drugs, Trump and conflicts shape ag outlook

Weight loss drugs, Trump and conflicts shape ag outlook

Australia's agriculture sector is poised for a strong year, but the Trump presidency, global conflicts and anti-obesity medications are creating uncertainty.

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Cheap loans to keep emission-busting farmers profitable

Cheap loans to keep emission-busting farmers profitable

Cheap loans to keep emission-busting farmers profitable

Cheap loans to keep emission-busting farmers profitable

From electric utes to cow feed that stops them burping as much methane, Australia's green bank is backing cheap loans to farmers and other equipment buyers.

Record renewables share in grid as power demand climbs

Record renewables share in grid as power demand climbs

Record renewables share in grid as power demand climbs

Record renewables share in grid as power demand climbs

Emissions fell to record lows in the three months to December as renewables notched a record share and coal's contribution dipped below half for the first time.

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

Last big bank holdout against February rate cut folds

With the stars aligned for a February interest rate cut, borrowers are now concerned with how many cuts the Reserve Bank will hand down.

Bank fee revenue rises for first time in seven years

Bank fee revenue rises for first time in seven years

Bank fee revenue rises for first time in seven years

Bank fee revenue rises for first time in seven years

A rebound in overseas spending and a jump in mortgage holders refinancing their home loans boosted Australian banks' fee revenue by five per cent in 2023/24.

'Year of the unit': cost squeeze drives homebuyer shift

'Year of the unit': cost squeeze drives homebuyer shift

'Year of the unit': cost squeeze drives homebuyer shift

'Year of the unit': cost squeeze drives homebuyer shift

Rising unaffordability and changing lifestyles are driving an unusual turnaround in real estate dynamics as unit prices grow faster than houses in some areas.

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

Top clothing chains to close, shedding hundreds of jobs

More than 250 outlets of two leading retail chains will close, costing nearly 1000 jobs, after receivers failed to find a buyer for the stores.

Selloff eases as China's DeepSeek triggers AI rethink

Selloff eases as China's DeepSeek triggers AI rethink

Selloff eases as China's DeepSeek triggers AI rethink

Selloff eases as China's DeepSeek triggers AI rethink

Chinese startup DeepSeek is making waves after launching a free AI assistant it says uses less data at a fraction of the cost of incumbent firms' models.

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Chalmers buoyant about 2025, ahead of inflation data

Treasurer Jim Chalmers remains confident 2025 will be better economically for Australians after struggles with the cost of living.

Crucial inflation readout to determine RBA rate call

Mortgage relief could be just around the corner if predictions of a faster-than-expected fall in price growth are borne out in ABS data released on Wednesday.

Aussie-made tax breaks urged to combat forced labour

Tax breaks for local producers could become law if the coalition upholds its opposition to forced labour in global supply chains, an anti-slavery expert says.

Fading US climate leadership opens door for Australia

Australia could end up with cheaper electric cars and renewed opportunities for green manufacturing as United States' climate leadership goes on hiatus.

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I'd rather not use tariffs against China: Donald Trump

US President Donald Trump has presented tariffs as a kind of silver bullet against China during an interview on Fox News.

The 'existential' threat facing the corporate watchdog

Corporations and regulators are struggling to adapt to modern business conditions and regular Australians are suffering as a result, says ASIC boss Joe Longo.

Ballooning capital works blamed for budget blowout

A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.

Home construction rises but target remains out of reach

High costs, labour shortages and low productivity are limiting the sector's ability to build new homes as construction activity remains below required levels.

Trump stirs tariff pot, toying with fresh threats on EU

A day after taking office, US President Donald Trump has reiterated tariff threats without immediately imposing the taxes he threatened during his campaign.

Europe extends hand to US, warns of 'race to bottom'

The EU is taking a "wait and see" approach to relations with the newly inaugurated US President Donald Trump in an attempt to avoid a trade conflict.

'Mum guilt': parents battle growing school costs

As Australian parents deal with the ballooning cost of school supplies amid other cost-of-living pressures, a minor party is promising relief.

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