economy, business and finance financial markets market and exchange

Aussie shares fall as war dims hopes for US rate cuts

The Australian share market has dropped 1.2 per cent after Donald Trump extended a ceasefire but his pick to lead the Fed has adopted a hawkish stance.

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Truckies win fuel boost to fight dire price threat

Transport workers could soon be getting more money to cover the costs of rising fuel prices from the Iran war after a decision from the workplace watchdog.

budgets and budgeting economic policy economy, business and finance energy and resource politics social services

NDIS in treasurer’s sights as budget outlook darkens

The treasurer is playing down talk of an improvement to the federal budget bottom line after economists tipped an Iran war-driven revenue boon.

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World weighs fate of Mideast ceasefire, US seizes ship

The fate of the Mideast ceasefire is in doubt as Tehran says it won't participate in a second round of negotiations after the US seized an Iranian cargo ship.

consumer confidence economy (general) economy, business and finance international (foreign) trade politics unrest, conflicts and war

Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

breaking_news economy, business and finance politics unrest, conflicts and war

Iranian gunboats fire on tanker in Strait of Hormuz

The US and Iran are locked in a stand-off over the Strait of Hormuz, with Iran reversing a move to reopen the waterway, firing on a ship attempting to pass.

central bank economy, business and finance inflation and deflation interest rate unemployment unrest, conflicts and war

Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

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PM cuts short Asian fuel mission after refinery fire

Anthony Albanese will return to Australia early from overseas following a major blaze at one of the nation's two remaining fuel refineries.

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Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

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‘Who gave you the right?’: villagers take on gas giant

Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.

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Job market yet to feel impact of Iran war, rate hikes

Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes.

air transport economy, business and finance

Fewer flights, higher fares take off for Virgin flyers

Domestic passengers can expect to pay higher airfares for longer as another Australian carrier announces it is slashing capacity.

economy, business and finance mining

China-linked firm takes majority stake in Qld coal mine

Yancoal Australia is buying an 80 per cent stake in the Kestrel coking coal mine in central Queensland, Australia's largest underground coal mine.

economy, business and finance immigration politics

Trump-style social media vetting a ‘phenomenal waste’

Coalition plans to screen visa applicants' social media have been criticised as unrealistic due to the huge numbers of people applying for entry each month.

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Brunei pledges to strengthen fuel supply to Australia

Prime Minister Anthony Albanese has wrapped up his visit to Brunei by sealing a deal with the country's sultan for fuel to flow to Australia.

economy, business and finance politics unrest, conflicts and war

IMF cuts outlook, warns of potential global recession

An extreme scenario in which the Iran conflict lingers could push the global economy to the brink of recession, the International Monetary Fund says.

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Chronic housing shortage heaps more pain onto renters

Australian renters are spending a record share of their income on housing costs as a chronic shortage of stock drives prices higher across the nation.

budgets and budgeting economy, business and finance government

‘Pretty severe’: warnings for Australia ahead of budget

One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.

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Prince Harry honours veterans during solo tour day

The Duke of Sussex has paid tribute to the power of sport in helping veterans overcome trauma, as his wife Meghan made a surprise return to television.

central bank consumer confidence economy, business and finance interest rate

RBA’s stagflation nightmare: prices up, confidence down

Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.

air transport economy, business and finance petrol

Qantas route cuts will hit hard for regional travellers

Australians in regional areas will bear the brunt of increased airfares and reduced services as Qantas cuts routes in response to increasing fuel prices.

diesel fuel diplomacy economy, business and finance energy and resource exports imports international (foreign) trade international relations petrol politics

Unions lobby to unlock fuel cap for workers who drive

Australia's peak union body is calling for fuel allowances for workers to be increased to help them meet rising costs at the bowser.

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Iran threatens ports as US set to impose blockade

A showdown looms as the US prepares for a blockade of all Iranian ports and Iran warns that no port in the region will be safe if American forces carry it out.

budgets and budgeting economy, business and finance inflation and deflation politics

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

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Peru election marred by delays as Fujimori leads count

Keiko Fujimori, daughter of former president Alberto Fujimori, narrowly leads Peru's national election - a vote hit by ​delays as it heads to a run-off.

democracy diplomacy economy, business and finance election european elections human rights politics

Hungary PM Orban out after 16yrs in election earthquake

Hungary's nationalist leader Viktor Orban, a close ally of both Donald Trump and Vladimir Putin, has lost power after 16 years in office.

defence diplomacy economy, business and finance emergency incident energy resources shipping service unrest, conflicts and war

Trump threatens Strait of Hormuz blockade

President Donald Trump says the US Navy will immediately start a blockade to stop ships from entering or leaving the Strait of Hormuz.

diesel fuel economy, business and finance energy and resource petrol politics

Richest state could fuel up for ‘tough’ times

A cashed-up state government could build its own emergency fuel reserve while still expecting to receive its cut of the national stockpile.

disaster and accident economy, business and finance emergency planning meteorological disaster natural disasters tourism windstorms

Tourism funding boost to help cyclone-hit towns recover

Towns reliant on tourism will receive help to rebuild with a support package on its way for businesses rocked by Cyclone Narelle.

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More cost relief on table as Aussies asked to save fuel

The impacts of the energy crisis will likely continue even if a Middle East ceasefire holds, the government warns as it prepares to roll out an ad campaign.

armed conflict economy, business and finance international relations peace negotiations unrest, conflicts and war

Doubts over Lebanon, sanctions ahead of Iran peace meet

A US delegation led by Vice President JD Vance is in Pakistan to join Iranian government ministers and officials for peace talks.