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Latest news: Economy

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

Allowing the tax office to share lenders' financial information with banks could help counter a surge in loan fraud fuelled by artificial intelligence.

Australia expands its fuel buffer against Gulf turmoil

Australia expands its fuel buffer against Gulf turmoil

Australia expands its fuel buffer against Gulf turmoil

Australia expands its fuel buffer against Gulf turmoil

Australia’s fuel reserves have hit all-time highs as the Iran conflict roils global oil markets, helping keep unleaded around $1.76 a litre in capital cities.

Corporate regulators told not to hinder nation's growth

Corporate regulators told not to hinder nation's growth

Corporate regulators told not to hinder nation's growth

Corporate regulators told not to hinder nation's growth

Corporate regulators ASIC and APRA have been directed to prioritise economic growth and productivity, in new guidance provided by Treasurer Jim Chalmers.

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Tax push renders budget surplus forecasts 'unrealistic'

Tax push renders budget surplus forecasts 'unrealistic'

Treasury's assumption the federal budget will return to surplus within a decade is at risk because of likely tax cuts, an independent agency warns.

'No resources': One Nation defends uncosted policies

'No resources': One Nation defends uncosted policies

Pauline Hanson's rising right-wing party has blamed deficient parliamentary resources for the lack of detail about how much its plans will cost.

Telstra outage heat dials up as calls mount for answers

Telstra outage heat dials up as calls mount for answers

Telstra faces demands from the government as to why it took hours to make an alert over a major outage as police investigate if a death is linked to the issue.

Inflation-fuelling supply shocks under RBA microscope

Inflation-fuelling supply shocks under RBA microscope

The Reserve Bank is aiming to make its communications more accessible to a broader audience as it tries to ward off rising inflation expectations.

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'Watching like a hawk': servos on notice as fuel rises

'Watching like a hawk': servos on notice as fuel rises

'Watching like a hawk': servos on notice as fuel rises

'Watching like a hawk': servos on notice as fuel rises

Winding back discounts to the fuel excise are hitting motorists in the hip pocket, with service stations and suppliers monitored for exorbitant price rises.

Aussie AI boost: $500m network planned for major cities

Aussie AI boost: $500m network planned for major cities

Aussie AI boost: $500m network planned for major cities

Aussie AI boost: $500m network planned for major cities

Australia's internet infrastructure is not ready to handle increasing artificial intelligence demand, according to one telco that plans to build more fibre.

NSW's budget surplus dream could still face headwinds

NSW's budget surplus dream could still face headwinds

NSW's budget surplus dream could still face headwinds

NSW's budget surplus dream could still face headwinds

NSW remains on track to deliver a budget surplus in 2027/28 despite a hit to a key revenue driver due to high interest rates, the treasurer says.

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Cost-of-living rhetoric is ramping up ahead of a state budget as leaders deliver warnings to energy companies.

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

'Bad to worse': productivity sinks to post-pandemic low

'Bad to worse': productivity sinks to post-pandemic low

'Bad to worse': productivity sinks to post-pandemic low

'Bad to worse': productivity sinks to post-pandemic low

Poor productivity is bedevilling the Australian economy, with levels heading in the wrong direction for Treasurer Jim Chalmers.

'Apples with oranges': Labor brushes off Kiwi PM's dig

'Apples with oranges': Labor brushes off Kiwi PM's dig

'Apples with oranges': Labor brushes off Kiwi PM's dig

'Apples with oranges': Labor brushes off Kiwi PM's dig

A visiting leader's remark that taxing capital gains would be "disastrous" has been brushed aside by Labor figures who deny it was a dig at its big reforms.

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Lebanon truce raises hopes of progress for Iran deal

As Israel and Lebanon agree to implement a new ceasefire, President Donald Trump has suggested progress on a broader deal to halt the Iran war could come soon.

Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

Data centre boom fails to boot up lagging economy

A fourth Reserve Bank rate hike is still on the cards for 2026, despite a slowdown in economic growth, falling productivity and high labour costs.

Interest rate impact hits housing approval levels

The number of new homes being approved fell once again during April, and the Reserve Bank is being blamed for the downturn.

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'Likely he's lying': treasurer points finger at rival

Future generations will be left with a "multibillion-dollar debt bomb" if the coalition repeals proposed tax changes, the treasurer warns.

Retailers under attack from weak demand, rising costs

Australia's retail sector faces a pincer attack as the war in the Middle East increases costs and pushes consumers to the brink.

Data centres drive record $6 billion investment boom

A spike in spending on equipment needed to power AI has underpinned strong growth in business investment, despite a slowdown in consumer spending.

Pauline Hanson won't tie One Nation to coalition 'dog'

Pauline Hanson's party could become the official opposition, but she has poured cold water on any policy compromise in a coalition deal.

Pakistan steps up bid to get US-Iran talks on track

Mediators are trying to speed up US-Iran peace talks as Tehran weighs a response from Washington and President Donald Trump says he's willing to resume attacks.

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

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