Iran urges other countries not to join US sanctions
Iran's government has urged countries against implementing US sanctions while the foreign minister says getting diplomacy "back on track isn't impossible".
economy, business and finance
Retailer banks on outdoor living to lure people inside
Harvey Norman is redoing its Australian store locations and has a big outdoor goods promotion planned after suffering a significant drop in shoppers.
You’ve got no mail: AusPost flags further delivery cuts
Australia's government-owned postage service is vowing to deliver letters for as long as they exist, but Australians will receive them less often.
‘Not at this point’: Virgin side-eyes rival’s new fees
Virgin has lifted profit in its first full year back on the stock exchange, and is keeping an eye on ancillary revenue outside its normal fare proceeds.
‘We should gang up’: east coast warning on GST deal
East coast premiers have warned Western Australia's GST deal could cost the federal government support outside the resource-rich state.
Drier July helps lift Bunnings sales as DIY rules
Retail-focused group Wesfarmers, which owns some of Australia's best-known brands, including Bunnings Warehouse, says households are still under pressure.
Qantas to jettison flagship jet sooner as profit slides
Qantas will begin phasing out its "much-loved" Airbus A380s four years earlier than planned, after its annual profits hit turbulence.
Banks tip more hikes as spending surge adds to RBA woes
Three out of the four big banks are tipping the Reserve Bank to raise interest rates by November, with one forecasting a hike in a matter of weeks.
US states, Meta agree to settle claims over child harms
Meta, the parent company of Facebook, has agreed to a settlement in a US lawsuit concerning the use of its platforms by children, according to a court document.
‘And we’re back’: more Aussies booking overseas trips
Travel group Flight Centre took a $60 million hit in the back end of 2025/26 due to the Middle East war, but is now seeing a pick-up in overseas trips.
Future Fund head exits on top with 14.8 per cent return
Strong global equity markets, a focus on active management and low exposure to bonds has lifted Australia's sovereign wealth fund to more than $289 billion.
Canada hits US back with tariffs, trade war intensifies
Canada has clapped back at US tariff hikes with hikes of its own on steel, aluminium, furniture and clothing.
Woolies wins the grocery wars, lifts sales and profits
Woolworths has confirmed its Ooshies collectibles campaign helped drive sales going into the new financial year, after it beat Coles during 2025/26.
Banks tipping November rate hike after ‘hot’ inflation
Despite headline inflation falling to 3.5 per cent - the lowest level since November - an above-expectations result adds to the case for more rate hikes.
Key oil refinery long way from return to full capacity
Fuel maker Viva Energy is working to repair a key processor for premium fuels to restore a fire-damaged refining facility to 100 per cent capacity.
‘Things won’t change’: PM insists GST deal is iron clad
Anthony Albanese has promised he won't backtrack on a generous GST deal for WA, despite protests from other jurisdictions that it's unfair.
Canada hits back at US as tariff feud explodes
After days of intense negotiations, the US and Canada have failed to reach a trade deal, worsening an already delicate relationship between the two nations.
‘Perfect storm’: builder collapses, buyers in lurch
Insolvency experts have been called in to help rescue a major property developer which has thousands of homes to build across three states.
Childcare group in the red due to cost, low birth rates
A major childcare centre, which was caught up in an abuse scandal last year, has made an interim loss after deciding to close 40 centres in its network.
PM vows to take data centre policy to United Nations
Data centre regulation could be like the social media ban and become the next area of technology Australia leads the world in, the prime minister says.
Liquor unit loses fizz as Coles refreshes supermarkets
Coles is stepping up the refurbishment of its grocery store network while closing dozens of underperforming Liquorland locations.
UK, France pledge support on Ukraine’s Independence Day
Ukraine's allies must do everything they can to protect the country, UK Prime Minister Andy Burnham has said on a visit to Kyiv.
‘In it to win it’: liquor group sees more GenZ buyers
Bottle shops and pubs giant Endeavour Group has increased its retail market share after lowering shelf prices for customers, leaving it with lower profits.
Oil markets to remain tight as conflicts drag on
Ampol, which owns one of Australia's two onshore oil refineries, has turned in a stellar first-half profit after oil market dislocation boosted its earnings.
Scandal-hit KPMG rakes in billions, slashes jobs
KPMG, which has been embroiled in an audit and whistleblower scandal, will cut more than 350 jobs after a fall in revenue in its main consultancy business.
Inflation data and RBA minutes to reveal rates clues
Inflation is forecast to have eased during July due to lower electricity prices, but rising fuel costs could reignite price growth down the track.
Iran says sanction threats by ‘desperate’ US will fail
US Treasury Secretary Scott Bessent has threatened to impose "the toughest sanctions in history" on Iran, but Tehran has scoffed at the move.
Happy campers hit the road after muddy muddy festival
Mundi Mundi Bash organisers are helping thousands of campers dig their way out of mud and hit the road home after a wet but wonderful celebration of live music.
Rain makes way for stars as bash ends on a high note
"There's nothing quite like Mundi," Noiseworks and INXS rocker Jon Stevens says as he headlines the closing night of Australia's largest outback festival.
Canada facing heavy US tariffs after talks fail
Canada's top trade negotiators have been in talks with US officials in a bid to stop Donald Trump's 50 per cent import tariffs coming into effect.
Footwear giant vows to step up after first loss
The owner of sneaker chains Platypus, Skechers and The Athlete's Foot is regaining its footing after its first loss in its two decades as a listed company.