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Latest news: Economy

Insurance cost warning after disasters hit bottom line

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

'Massive' increase driving smokers to the black market

'Massive' increase driving smokers to the black market

'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

Reprieve: Trump tariffs temporarily reinstated by court

Reprieve: Trump tariffs temporarily reinstated by court

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.

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Weak business investment underlines productivity battle

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.

Egg, housing costs might fry hopes of earlier rate cut

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

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

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.

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Looming power bill hikes spark calls to shop around

Looming power bill hikes spark calls to shop around

Looming power bill hikes spark calls to shop around

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 urged to spend big while green iron is hot

Australia urged to spend big while green iron is hot

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

Why the carbon offset 'swear jar' needs an overhaul

Why the carbon offset 'swear jar' needs an overhaul

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

Australia must prepare for Hollywood-style cyber attack

Australia must prepare for Hollywood-style cyber attack

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.

Restaurants on the brink as business failures plateau

Restaurants on the brink as business failures plateau

Restaurants on the brink as business failures plateau

Restaurants on the brink as business failures plateau

Hospitality venues are feeling the pinch from high business costs and low spending, but lower interest rates should help ease the pain

Trump's tariff 'rollercoaster' raises recession risk

Trump's tariff 'rollercoaster' raises recession risk

Trump's tariff 'rollercoaster' raises recession risk

Trump's tariff 'rollercoaster' raises recession risk

Donald Trump's trade war has clouded economic forecasts as Australia's central bank seeks to thread the needle to avoid the nation tipping into a recession.

Google offers AI tools to automate that personal touch

Google offers AI tools to automate that personal touch

Google offers AI tools to automate that personal touch

Google offers AI tools to automate that personal touch

Users of Google products could allow AI to personalise email replies and more with their own tone and style by allowing it to peer into their private data.

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Renewables, AI rules top productivity reform wishlist

Fifteen areas have been identified for reform by the Productivity Commission, including artificial intelligence, tax reform and cheaper renewable energy.

US weighs special status for Greenland

US officials are discussing a plan to pull Greenland into America's sphere of influence using a free association agreement.

Australian shares edge higher but uncertainty lingers

The Australian share market has lifted on the back of US-China trade talks and stimulus announcements from Beijing, but investors remain apprehensive.

Living costs rising despite cooling inflation

While some Australians are keenly awaiting the Reserve Bank's next interest rate cut, many Aussies are still doing it tough as living costs continue to bite.

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Westpac shares slip amid profit dip, volatile outlook

Westpac CEO Anthony Miller says Australia is well-positioned to weather storms in the world economy and he's looking forward to working with a Labor government.

Warren Buffett announces retirement plans

Warren Buffett, 94, has shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year

US job growth slows marginally, unemployment steady

US employers have added a better-than-expected 177,000 jobs in April as the job market shows resilience.

Australian shares edge higher for sixth day of gains

An early sell-off wasn't enough to derail a multi-day streak for Australian equities, which are in the green for a sixth session in a row.

Full steam ahead for cash rate cut as inflation settles

Mortgage-holders are poised to bank an interest rate cut within weeks despite the latest inflation reading coming in slightly higher than expected.

Trump uncertainty set to smash Australian economy

Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.

Jobs market strong but Trump tariff bomb yet to explode

Australia's jobs market is holding up better than expected, but the impact of Donald Trump-imposed tariffs is yet to play out across the globe.

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