G7 agrees to avoid higher taxes for US, UK companies
Firms from the United States and the United Kingdom will be exempt from a global tax agreement following a G7 announcement.
economy, business and finance
Retail spending tipped to stay soft as home prices soar
Housing prices are expected to climb ever higher, even as a predicted recovery in dwelling consents shines a ray of hope on Australia's supply ambitions.
BBC regrets not stopping Glastonbury live stream
The BBC says it should have pulled a live stream of rap group Bob Vylan's performance at Glastonbury over chants against Israeli troops.
Tech giant’s tips for Australia to catch the AI wave
Industry darling OpenAI has released an economic blueprint for Australia to capitalise on AI as concerns are raised the tech could destroy entry-level jobs.
Rice not on the table in Japan’s trade talks with US
Donald Trump has criticised Japan for not buying American rice as Tokyo scrambles to convince the US to scrap a 25 per cent tariff on Japanese cars.
Nest eggs on the boil as super guarantee cracks open
Award wages, super contributions and energy bills are rising as a new financial year rings changes for households.
Europe talks don’t rule out rejecting new US trade deal
European leaders are weighing up the latest US proposals for trade terms, with the prospect of 50 per cent tariffs if a deal isn't reached by next month.
Beijing deal will expedite rare earth exports, says US
US President Donald Trump says the US has signed an deal with China on trade after massive tariff hikes threatened to freeze trade between the two countries.
Trump cuts off trade talks with Canada over digital tax
US President Donald Trump says his July 9 trade deadline is not a fixed date, telling reporters that it could be sooner or later than that date.
Jeff Bezos weds Lauren Sanchez in grand Venice ceremony
Amazon founder Jeff Bezos and journalist Lauren Sanchez have tied the knot at a star-studded wedding in Venice.
Bezos, Sanchez to exchange vows in star-studded Venice
Jeff Bezos and Lauren Sanchez are set to exchange wedding vows in Venice today as part of their estimated $A75 million star-studded celebration.
Super funds spared billions after US axes ‘revenge tax’
The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.
Bezos and Sanchez arrive in Venice for wedding party
Multi-billionaire Amazon founder Jeff Bezos and Lauren Sanchez have arrived in Venice ahead of their star-studded wedding celebrations.
Household wealth hit as Trump threatens super balances
Australian super balances have fallen for the first quarter since 2022, with funds warning of further risks posed by Donald Trump's "America first" agenda.
Servos urged not to price gouge after oil price hike
The consumer watchdog is being urged to make sure motorists aren't ripped off at the bowser after Middle East strikes led to a surge in fuel costs.
‘Boring’ budget to get finances ready for future shocks
Having sped up home approvals, a building laggard is shifting focus to getting construction going in a bid to reduce the biggest strain on family finances.
Surplus in sight but few sweeteners in ‘careful’ budget
A nation-first approach to back up housing projects headlines Australia's largest state budget as critics attack surplus projections and support for services.
Orderly, coherent or flat-footed: PM rejects criticism
Anthony Albanese has dismissed suggestions he was "flat-footed" after US bombing raids on Iran, as he called for a ceasefire to hold between Iran and Israel.
Debt forecast has alarm bells ringing for Olympic hosts
A state government's debt is set to reach record heights as it plans an Olympics, with the threat of higher borrowing costs for major infrastructure projects.
Spotlight on inflation as state treasurers come clean
Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.
Major boost for tradie students to solve housing crisis
Tradies will be able to complete their apprenticeships for free as a state government tries to ease the housing crisis.
Renters fearful of speaking up about essential repairs
Half of Australia's private housing tenants are living in homes in need of repair but are too scared to ask their landlord about it, according to a study.
Budget billions helps cashed-up state lead debt battle
A seventh surplus budget for the nation's richest state sets it apart from other jurisdictions as it enjoys the lowest debt levels in the country.
Optus says yes to record $100m fine for dodgy sales
Optus has agreed to a record fine for "unconscionable" sales to hundreds of consumers, including in remote Indigenous communities its network didn't cover.
Labour market stays tight despite surprise drop in jobs
The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.
Pedal to the metal for home prices as rates fall
Sydney and Melbourne are expected to be the fastest-growing property markets in 2025/26 as mortgage rates fall, Domain forecasts shows.
Treasurer throws down gauntlet for ‘crucial’ tax reform
The treasurer has kicked off a journey that he hopes will result in broad agreement on changes that help solve Australia's economic challenges.
Power customers promised tougher rules on price gouging
More downwards pressure on power bills is the goal of planned tweaks to regulated electricity pricing now on the federal government's agenda.
PM eyes another possible Trump meeting later this month
Anthony Albanese could soon get a second chance to meet with Donald Trump, after the US president abruptly cancelled their first in-person meeting.
Trump wary of EU trade offer while Japan being ‘tough’
US Treasury Secretary Scott Bessent remains at a G7 meeting in Canada for trade talks following President Donald Trump's early departure from the summit.
‘You worry’: fears in Iranian community after bombing
Iranians in Australia say there is growing community fear over the safety of family members caught up in escalating violence in the Middle East.