Inflation lying in wait to strike another rate blow
Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure leaves the door open to more Reserve Bank rate hikes.
economy, business and finance
‘Not sugar hits’: cost-of-living package under fire
A state government launching a post-budget sell has come under fire over a cost of living package that critics say doesn't make a difference to families.
‘It will kill the brand’: plea over brewery’s closure
A brewery which has operated for almost 150 years will stop production in November but workers have made a last-ditch appeal for a change of direction.
Budget delivers more help for under-pressure families
Roads, schools, and hospitals are all set to benefit from the NSW budget as the government looks to provide cost-of-living relief to motorists and families.
No-frills budget tips surprise surplus amid Games blitz
A pathway to surplus has been mapped out by a state government as it handed down a budget with cost of living relief while ramping up Olympic preparations.
Record cash splurge ahead of state’s high-stakes budget
A record building program looks set to collide with volatile coal royalties, weakening stamp duty and rising debt in a state government's high‑stakes budget.
Supplier sees signs illegal tobacco crackdown hits mark
Metcash is shrugging off a fairly lacklustre trading year triggered by geopolitical uncertainty and cost-of-living pressures by reporting signs of a pick-up.
Aussie shares flat, Iran peace talks in focus
The local exchange is in a holding pattern, as a strong financial sector performance offset weakness in other segments.
Australian economy ‘drifting’ despite natural gifts
Weak productivity growth and stifling business conditions are preventing Australia from capitalising on its economic strengths, a think tank claims.
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.
diesel fuel
economic policy
economy, business and finance
energy and resource
petrol
politics
politics (general)
unrest, conflicts and war
More fuel relief for motorists with halfway measure
Motorists will receive an extended discount on fuel but the savings will be lower as the government weighs budget costs against higher bowser prices.
Oil and milk prices to spill the tea on inflation story
The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.
‘Dubious honour’: consultancy giants cop trust barb
A senator has been "gobsmacked" over the response by a former KPMG chief to a question over public trust of big consultancy firms at a federal inquiry.
Labor concedes popularity hit from tax changes
New carve-outs for startups and a backdown on trusts are aimed at reducing some of the political blowback from major capital gains tax reforms.
‘No bad apples’: ex-consultancy leader defends record
The former boss of a consultancy giant at the centre of a federal parliamentary inquiry examining corporate oversight has defended his record at the firm.
KPMG defies powerful Senate committee at the 11th hour
A consultancy giant will take centre stage at a federal parliamentary committee hearing examining corporate oversight following an audit leak scandal.
Founders warn of talent exodus despite tax carve-outs
A snap two-day parliamentary inquiry into budget tax changes is set to deliver its report as startup founders warn innovation will be hit despite carve-outs.
breaking_news
business (general)
business enterprises
economy, business and finance
inquiry
politics
state budget and tax
Tax carve-out backdown fails to cut it with businesses
Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.
Qantas picks London for record-breaking non-stop flight
Direct commercial flights between London and Sydney are set to fly for the first time from October 2027, Qantas says.
‘Missed opportunity’ to act on power plan loyalty tax
The electricity rule-maker has a plan to price power as simply as milk and prevent loyal customers from being overcharged, although some are calling for more.
Olympic-sized cost for Games city’s bridge revealed
Australia's biggest council has revealed the cost of restoring an Olympic host city's famous bridge, prompting pleas for state and federal financial help.
Qantas to announce launch of ultra-long-haul flights
Qantas is poised to announce the first destinations for the world's longest non-stop flights under its "Project Sunrise" plan that's expected to launch in 2027.
Payout ends Sandilands legal row as Jackie O’s rolls on
Kyle Sandilands will get $12 million as his bitter legal fight with ARN comes to an end, but his former on-air partner is still chasing her chunk of change.
G7 leaders pledge to address global debt vulnerability
G7 leaders have vowed to enhance efforts to address escalating global debt vulnerabilities in developing countries that threaten economic stability.
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.
‘Taken for mugs’: KPMG referred for corruption probe
Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.
Fight and flight: tax inquiry fuming just a smokescreen
Fears startup founders will pack up and move their businesses overseas due to tax changes are unfounded, a parliamentary inquiry hearing has been told.
RBA keeps rates on hold but leaves door open to hikes
Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.
UK retail giant makes hostile bid for Hype DC owner
The British company that owns Sports Direct is offering to buy Accent Group for $390 million, saying it has concerns about its management and chairman.
Historic Kyiv monastery damaged, 10 killed in Ukraine
European leaders have sharply criticised Russia's latest attacks on Ukraine, which sparked a fire at a UNESCO world heritage site in Kiev.
Better but ‘not perfect’ tax reform wins expert support
Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.