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Latest news: Economy

Fuel excise cut could return as prices skyrocket again

Fuel excise cut could return as prices skyrocket again

Labor is under renewed pressure to lower the tax on fuel as the cost of filling up soars amid the US-Iran conflict with no end in sight.

Work from home laws dead in the water after shock vote

Work from home laws dead in the water after shock vote

Work from home laws dead in the water after shock vote

Work from home laws dead in the water after shock vote

A state parliament won't be recalled to pass landmark work from home laws before the election after the coalition teamed up with minor parties to hit pause.

Rising sea levels threaten more than 267,000 properties

Rising sea levels threaten more than 267,000 properties

Rising sea levels threaten more than 267,000 properties

Rising sea levels threaten more than 267,000 properties

Rising seas and storm surges could cost Australia more than $855 billion, endangering homes, businesses, infrastructure and land.

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Renovation nation: Aussies plan $85b in energy upgrades

Renovation nation: Aussies plan $85b in energy upgrades

Spending on home energy upgrades such as insulation and solar panels is on the rise but renters and younger households may be left behind.

Australians are 'furious' about inflation: RBA deputy

Australians are 'furious' about inflation: RBA deputy

The Reserve Bank's deputy governor Andrew Hauser says Australians are fed up with higher living costs, and want inflation to be brought under control.

Reserve Bank's grim rates warning as oil prices spike

Reserve Bank's grim rates warning as oil prices spike

The war in the Middle East is threatening to push oil prices back above the crucial $US100 a barrel mark and make inflation even harder to get back to target.

Electric cars outsell petrol rivals for the first time

Electric cars outsell petrol rivals for the first time

Fuel prices are up and so are electric vehicle sales, with Australian drivers now buying more battery-powered cars than either petrol or diesel models.

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'Rush to conclusions': calls for calm on house prices

'Rush to conclusions': calls for calm on house prices

'Rush to conclusions': calls for calm on house prices

'Rush to conclusions': calls for calm on house prices

Labor is calling for calm as it shuts down suggestions Treasury modelling of house prices underestimated the impact of tax changes and misled the public.

Spending slowdown sparks memories of 'retail recession'

Spending slowdown sparks memories of 'retail recession'

Spending slowdown sparks memories of 'retail recession'

Spending slowdown sparks memories of 'retail recession'

Grappling with rising interest rates and declining real wages, retailers are expected to be hit hard by a year of slower consumer spending.

One Nation holds narrow lead over Labor in by-election

One Nation holds narrow lead over Labor in by-election

One Nation holds narrow lead over Labor in by-election

One Nation holds narrow lead over Labor in by-election

One Nation's meteoric rise in popularity is being put to the test with voters at the polls in an outer-suburban by-election.

Russian Wildberries depot destroyed in second attack

Russian Wildberries depot destroyed in second attack

Russian Wildberries depot destroyed in second attack

Russian Wildberries depot destroyed in second attack

Ukrainian drones have struck an online retailer's warehouse inside Russia for a second time, as Kyiv pushes ‌ahead with its campaign to hurt Moscow's economy.

Ditching diesel could save Pacific nations almost $1b

Ditching diesel could save Pacific nations almost $1b

Ditching diesel could save Pacific nations almost $1b

Ditching diesel could save Pacific nations almost $1b

Replacing fuel imports with renewable power could save Pacific countries millions of dollars if they can secure enough investment to make the switch.

Power hungry: data centre energy use set to skyrocket

Power hungry: data centre energy use set to skyrocket

Power hungry: data centre energy use set to skyrocket

Power hungry: data centre energy use set to skyrocket

Artificial intelligence is set to make a major impact on Australia's electricity network, with a report warning about soaring demand from data centres.

Trump warns of economic pain for anyone supporting Iran

Trump warns of economic pain for anyone supporting Iran

Trump warns of economic pain for anyone supporting Iran

Trump warns of economic pain for anyone supporting Iran

Countries supporting Iran face "TREMENDOUS Economic Consequences", Donald Trump says, in another threat amid a long stalemate in the US's conflict with Tehran.

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Electric trucks could deliver a billion-dollar payload

Australian laws are keeping heavy-duty electric trucks off the road, a report says, when they could boost productivity by more than $2 billion.

Plugged in: watchdogs weigh up laws for uncertain times

Australian consumers are facing ‘volatile’ conditions, a regulator has warned, and may need stronger protections against harm.

US and Iran having 'very good discussions', Trump says

The US an Iran have held positive all-day talks, Donald Trump says, while claiming the the Strait of Hormuz is going to be open "very soon".

Jetstar risks backlash over new overhead baggage fees

Jetstar risks losing business after introducing a new charge for passengers who want to store their carry-on luggage in overhead lockers.

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Electric vehicle sales soar during fuel price crunch

Australian motorists are voting with their feet and wallets as electric cars drive a path through the market.

Migrant tradies a net benefit to housing, say builders

The building industry is pushing for a better skilled migration intake having totalled how many homes a migrant tradie could help build in their career.

Hard sell for retail giant as consumers tighten belts

Households are clamping down on spending even more as financial uncertainty deepens, hitting sales at a leading Australian retailer.

Trump slaps forced labour duties on 60 trading partners

Trading partners have strongly condemned Donald Trump's latest tariffs as unjustified after the US imposed new levies to replace a temporary global tariff.

New threat to global oil as Houthis hit Saudi tankers

Houthi rebels have struck Saudi ships in the Red Sea while the US continues its strikes on Iran as the two countries vie for control of two vital waterways.

US still willing to negotiate over Iran crisis: Rubio

Secretary of State Marco Rubio has cast doubt on whether Iran is as committed to negotiations as the US, as hostilities continue with no breakthrough in sight.

Home-building costs rise, but not as much as feared

The cost of building a home in Australia increased by one per cent in the June quarter, as higher oil prices and supply chain disruptions hurt builders.

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