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Latest news: Economy

China hits back with 84 per cent tariff on US goods

China hits back with 84 per cent tariff on US goods

China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced.

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

Risks of recession casts shadow over leaders' debate

Risks of recession casts shadow over leaders' debate

Risks of recession casts shadow over leaders' debate

Risks of recession casts shadow over leaders' debate

As economic headwinds emerge after US-imposed tariffs, Anthony Albanese and Peter Dutton are vying to lay claim to being the best bet to deal with them.

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Don't be spooked by sliding super, funds warn members

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

Pledge to public servants as jobs cut fight flares

Pledge to public servants as jobs cut fight flares

Thousands of public servants are being promised no major change to employment agreements if the coalition is elected as Labor pledges to keep everything as is.

Soaring rents slow down as tenants pushed to the brink

Soaring rents slow down as tenants pushed to the brink

Rents remain at record highs in every capital city despite a slowdown in price growth, says a report that finds low supply leaves landlords with the upper hand.

Trump to raise global trade tensions with new tariffs

Trump to raise global trade tensions with new tariffs

After weeks of growing concern, President Donald Trump is set to announce his barrage of promised tariffs that could set the stage for a global trade war.

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Brick by brick, parties build election housing pitches

Brick by brick, parties build election housing pitches

Brick by brick, parties build election housing pitches

Brick by brick, parties build election housing pitches

Tackling housing instability is key to securing an election win, with Labor vouching for build-to-rent while the coalition says Australians should own a home.

Super failings laid bare after 'deep grief, suffering'

Super failings laid bare after 'deep grief, suffering'

Super failings laid bare after 'deep grief, suffering'

Super failings laid bare after 'deep grief, suffering'

The peak body for super funds has apologised after a financial watchdog report revealed delays were rife in paying out death benefits to bereaved families.

How Aussie explorers can visit tourism's final frontier

How Aussie explorers can visit tourism's final frontier

How Aussie explorers can visit tourism's final frontier

How Aussie explorers can visit tourism's final frontier

Australian company Intrepid hopes to help Greenland carve out a sustainable tourism path as it prepares to launch tours to the remote Arctic island.

Dire stat demands 'urgent reform' from election winner

Dire stat demands 'urgent reform' from election winner

Dire stat demands 'urgent reform' from election winner

Dire stat demands 'urgent reform' from election winner

Whoever forms government after the election will need to deliver substantive reform to fix Australia's long-term productivity challenge, economists say.

Cheaper power bills pledge as Dutton spurs gas supply

Cheaper power bills pledge as Dutton spurs gas supply

Cheaper power bills pledge as Dutton spurs gas supply

Cheaper power bills pledge as Dutton spurs gas supply

Opposition Leader Peter Dutton's budget reply has outlined an alternative vision to drive down energy costs and ease pressure on household budgets.

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor gets tick on tax cut, Liberal fuel plan sputters

Labor's election tax cuts will provide a "meaningful" boost to the economy, while the coalition's fuel excise cuts have been labelled economically "silly".

No respite from tax burden on younger workers in budget

No respite from tax burden on younger workers in budget

No respite from tax burden on younger workers in budget

No respite from tax burden on younger workers in budget

Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.

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Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

Bayer hit with $3.3b Roundup verdict in US cancer case

Bayer says it will appeal after a US jury ordered it to pay one of the largest legal settlements issued in an alleged Roundup weed killer-related cancer case.

Home owners reap windfall as buyers warned on new units

Home sellers notched a record profit in last three months of 2024 but not every property owner will be so lucky in the future, real estate researchers warn.

Trump signs a bill to avoid a government shutdown

President Donald Trump has signed into law legislation funding the government through to the end of September.

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Feds accept GST recommendation despite state pressure

A controversial GST carve-up will go ahead as a federal minister says his government will not overrule an independent body's recommended funding for states.

Sunshine State dark as mining boom costs GST billions

One state has gone backwards in the latest recommended GST revenue carve-up with billions of dollars flowing to another as its population booms.

Energy bill jolt: price rises power up living cost pain

The threat of further energy bill increases of up to $200 annually following a regulator's decision has put the spotlight back on federal energy policy.

Leading economists call out coalition's inflation claim

As the economy looks set to be front and centre in the election campaign, one of the coalition’s leading inflation claims has been called “a joke” by experts.

Cheaper but smarter: smartphones target budget buyers

Three smartphone makers are launching cut-price versions of their flagship devices but experts say their biggest battle might be over AI features.

New vehicle sales stuck in slow lane, even popular SUVs

Hybrids are among few vehicles to withstand a continuing slowdown in new vehicles sales, with one model racing into the top ten.

Most workers feel overwhelmed by AI but bosses want it

Four out of every five Aussie workers are overwhelmed by changes at work but most executives want to use artificial intelligence to create bigger transitions.

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