Struggling shoe retailer to close most remaining stores
Citing a shift to online shopping and a response to declining foot traffic, Betts will close 20 of its 35 remaining physical stores.
economy, business and finance
Rocky year in shares as miners dig market out of a hole
The Australian Securities Exchange underperformed its international peers by a long shot in the past year, but some sectors still delivered strong gains.
Watchdog backed in landmark rejection of regional Coles
A key business group in a mining town with six supermarkets has thrown its support behind a decision to block Coles from opening a new store.
Trump reports more than $2 billion income from crypto
Donald Trump's financial disclosures for 2025 provide new insights into the scale of the president's profits from his family's foray into cryptocurrencies.
construction and property
economy, business and finance
house building
housing and urban planning
interest rate
lifestyle (house and home)
real estate
Freefall: home prices notch biggest drop in years
Australia's housing market is undergoing a broad-based downturn with interest rate rises and affordability pressures denting investor confidence.
Rex misled with sky-high claims before $31.7m crash
A cash-strapped carrier which boasted it would deliver profits before turning a large loss has had another setback with a judge finding it misled the market.
Fried chicken fix spices up job creation, opening hours
Australia's KFC operator is close to finishing offloading its Taco Bell chain to focus on fried chicken, with the promise of more jobs for young people.
Fuel pinch arrives sooner for some as discount halved
Motorists feeling the cost crunch are encouraged to fill up tanks before the fuel excise discount is halved, with one cohort likely to feel its impact first.
Amazon could pay viewers back for ‘unfair’ ad changes
Amazon could be forced to repay Prime subscribers following a lawsuit brought by the consumer watchdog alleging it used unfair contract terms to introduce ads.
Crims on notice as money-laundering laws take effect
Workers will receive more tax cuts, small businesses are getting a leg up and laws targeting financial criminals take effect in the new financial year.
Home price data another window into tax change fallout
Property market data will soon be released after the Reserve Bank unveils a readout from its latest interest rate-setting board meeting.
breaking_news
economy, business and finance
employment
inflation and deflation
interest rate
labor market
labour
productivity
unemployment
Strong jobs figures clock on for future rate rise shift
More than 40,000 jobs have been added to Australia's economy to exceed expectations, but slowing growth could ease the Reserve Bank's inflation fears.
Alarm as deadly bird flu strain lands in second state
Several migratory birds have been confirmed to be carrying the deadly strain of H5N1 bird flu, with urgent testing of other suspected cases.
Death or divorce: owners could miss out on tax breaks
The federal government is being accused of a crucial oversight as it tries to ram its overhaul of taxes on investments through parliament.
Councils back polluter-paid climate compensation fund
Funding community climate resilience and repairs via a fossil fuel company levy has been formally endorsed by local governments at an annual conference.
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.
‘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.