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Latest news: Economy

'Crisis': animal shelters struggling to survive

'Crisis': animal shelters struggling to survive

Animal shelters around Australia are struggling financially, battling to keep their doors open or dealing with long wait-lists for surrenders.

Surprise rate hold another blow for consumer confidence

Surprise rate hold another blow for consumer confidence

Surprise rate hold another blow for consumer confidence

Surprise rate hold another blow for consumer confidence

Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.

Slow rate of cuts puts squeeze on business, households

Slow rate of cuts puts squeeze on business, households

Slow rate of cuts puts squeeze on business, households

Slow rate of cuts puts squeeze on business, households

Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.

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Rubio to make first Asia trip as Trump unveils tariffs

Rubio to make first Asia trip as Trump unveils tariffs

The first visit to Asia by the Trump administration's top diplomat comes as the US president announces tariffs on America's key allies in the region.

Utes dominate vehicles sales and push BYD past Tesla

Utes dominate vehicles sales and push BYD past Tesla

Australia's love affair with the ute has dominated new vehicle sales during June, but one hybrid model has had an unusual impact on Australia's auto market.

House prices creep higher as new building lags target

House prices creep higher as new building lags target

Falling interest rates and an ongoing housing shortfall are driving property prices higher, but affordability constraints will keep a lid on growth.

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

A consumer group has measured the cost of a basket of groceries nationwide but two supermarkets are pushing back against the findings.

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Shock inflation drop boosts rate-cut hopes

Shock inflation drop boosts rate-cut hopes

Shock inflation drop boosts rate-cut hopes

Shock inflation drop boosts rate-cut hopes

Inflation levels have fallen to 2.1 per cent in the year to May, defying market predictions and increasing the odds the Reserve Bank will reduce interest rates.

Green tick: Australian net-zero projects to be rated

Green tick: Australian net-zero projects to be rated

Green tick: Australian net-zero projects to be rated

Green tick: Australian net-zero projects to be rated

Environmental projects will be analysed and rated in Australia in a move experts say could prevent greenwashing and encourage international investments.

Homebuyers stand to win as big bank ups rate-cut bet

Homebuyers stand to win as big bank ups rate-cut bet

Homebuyers stand to win as big bank ups rate-cut bet

Homebuyers stand to win as big bank ups rate-cut bet

Westpac's chief economist has added two more rate cuts to her forecast for 2026 with lower immigration expected to drive down rents and inflation.

Australian shares nudge record before late-session slip

Australian shares nudge record before late-session slip

Australian shares nudge record before late-session slip

Australian shares nudge record before late-session slip

The local bourse has finished the session slightly lower after briefly surpassing its highest ever close in earlier trading.

Australia's big car love affair still fuelling sales

Australia's big car love affair still fuelling sales

Australia's big car love affair still fuelling sales

Australia's big car love affair still fuelling sales

SUVs and utes have proven the big sellers on Australian car lots in May but the popularity of hybrid and electric vehicles is accelerating.

US gives countries deadline for trade offers: report

US gives countries deadline for trade offers: report

US gives countries deadline for trade offers: report

US gives countries deadline for trade offers: report

A letter suggests the US government will evaluate responses of trading partners and offer "a possible landing zone" that could include a reciprocal tariff rate.

How red tape removal became a progressive rallying cry

How red tape removal became a progressive rallying cry

How red tape removal became a progressive rallying cry

How red tape removal became a progressive rallying cry

Decades of creeping over-regulation are holding back the housing, infrastructure and research Australia needs, a federal Labor MP says.

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Insurance cost warning after disasters hit bottom line

The cost of natural disasters has set the federal budget back $2.2 billion, but experts warn cyclones and floods will push up insurance premiums.

'Massive' increase driving smokers to the black market

Progressive increases in cigarette taxes have dented smoking rates and boosted government coffers, but a surging black market is prompting calls for a rethink.

Reprieve: Trump tariffs temporarily reinstated by court

A US appeals court has overturned an earlier ruling and allowed Donald Trump's global tariffs to go back into effect.

Weak business investment underlines productivity battle

Encouraging productivity-boosting investment, such as infrastructure connecting regions with capital cities, is needed amid a slowdown in capital expenditure.

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Egg, housing costs might fry hopes of earlier rate cut

Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.

More gas projects, less green tape call at energy event

Gas giants have called on the Australian government to approve projects faster and let them explore more mining opportunities.

AI in sights to build up nation's sliding productivity

It takes an Australian worker twice as long to build a home as it did 50 years ago, making it all the more urgent to fix declining productivity growth.

Looming power bill hikes spark calls to shop around

Hunting for a better deal could save some Australian households and businesses hundreds of dollars a year as consumers brace for higher bills.

Australia urged to spend big while green iron is hot

Australia could replace carbon-intensive coal and gas exports with green iron and quadruple earnings, a report says, but only if it makes changes.

Why the carbon offset 'swear jar' needs an overhaul

Firms relying on carbon offsets to tout their green credentials and reduce their environmental footprints are under fresh scrutiny after a court settlement.

Australia must prepare for Hollywood-style cyber attack

Cyber criminals are growing in number and sophistication, warns Australia’s top online defender who urges businesses to prepare themselves for the worst.

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