economy, business and finance

breaking_news budgets and budgeting economic policy economy, business and finance parliament politics state budget and tax

Treasury chief defends Labor’s beleaguered budget

Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.

economy, business and finance housing and urban planning politics

Treasurer hoses down calls to carve up his tax revamp

Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.

economy, business and finance politics transport

The $180m bill to calculate the Inland Rail blow-out

The man who first pitched Inland Rail wants a quick private sector takeover, as it is revealed consultants were paid $180m to estimate the budget blow-out.

banking business (general) economy, business and finance

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

economy, business and finance energy environmental issue politics renewable energy report science and technology technology (general)

Data centre power concerns spark moratorium call

A report by Greenpeace has challenged claims Australia's AI-fuelled data centre boom can support rather than undermine the clean energy transition.

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Global capital eyes $50b water market, raising stakes

International investors are wading into Australia's water market, and while scarcity ensures decent returns, droughts could leave some producers high and dry.

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Falling fuel prices bolster hopes for RBA rate reprieve

A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.

computing and information technology economy, business and finance

‘Surprisingly dehumanising’: AI pioneer has boundaries

The head of one of the world's biggest pure-play AI developers says even he's had times when using the groundbreaking technology just wasn't going to happen.

economy, business and finance parliament politics

‘Flying blind’: why Labor ditched the inland rail route

The $45.6 billion price tag for inland rail was only a modest estimate, prompting the federal government to scrap part of the project amid planning delays.

budgets and budgeting economic policy economy, business and finance politics state budget and tax

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

defence diplomacy economy, business and finance education human rights military equipment university unrest, conflicts and war

Forensic experts sift through drone hit dormitory

The final death toll from a drone attack on a teacher training college in the Russian-controlled Ukrainian Luhansk region stands at 21.

economy, business and finance electricity production and distribution energy energy and resource

Power bill relief as energy caps slashed in one state

Cheaper electricity bills are in store for hundreds of thousands of households and small businesses in one state under a lowered benchmark power price.

defence diplomacy economy, business and finance energy resources military equipment peace negotiations politics unrest, conflicts and war

Rubio says US will find another way if Iran talks fail

US President Donald Trump is hosing down expectations of an imminent breakthrough in the three-month-old war with Iran.

budgets and budgeting business enterprises economic policy economy, business and finance politics

Investor tax cut call as opponents fight Labor plan

A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.

central bank economy, business and finance inflation and deflation interest rate politics (general)

Temporary fall in inflation won’t ease RBA fears

A short-lived reduction in the fuel excise has provided some momentary price relief but inflation will only worsen without a resolution to supply blockages.

breaking_news defence diplomacy economy, business and finance energy energy resources unrest, conflicts and war

Trump says Iran peace deal ‘largely negotiated’

The US ‌and Iran are ‌reportedly close to signing ‌a deal involving a 60-day ceasefire extension, ‌during which ‌the ⁠Strait of Hormuz would be reopened.

business (general) computing and information technology construction and property economy, business and finance energy energy and resource energy resources environmental issue inquiry it/computer sciences politics renewable energy research software water

‘Like a sneeze’: AI data centre boom spreads concern

More organisations are calling for a moratorium on data centres as their impact on water, energy and local communities remains in question.

economy, business and finance food - consumer goods

Taco ’bout a bad time: Aussie chain ditches US ambition

Shares in an Aussie-born Mexican fast-food chain have surged after it ditched its plan to crack the competitive US market, where Chipotle and Taco Bell rule.

alternative energy diplomacy economy, business and finance emergency planning energy resources global warming meteorological disaster natural disasters renewable energy weather

Bowen to back electrification at UN climate summit

Australia and Turkey have revealed that the global oil crisis will prompt a major focus on electrification at the United Nations climate talks in November.

budgets and budgeting business (general) economic policy economy, business and finance politics state budget and tax

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

economy, business and finance energy natural gas politics

Hanson lashes gas tax ‘vandalism’, reveals energy plan

Australia should look to Norway to shore up sovereign wealth through gas, One Nation says, as the coalition urges the resources industry to "fight like hell".

agriculture earnings economy, business and finance food - consumer goods

Beef lovers steer it home for billionaire-backed firm

Australian Agriculture Co has delivered its highest annual operating profit after strong consumer demand for Aussie beef pushed up prices, despite flood losses.

budgets and budgeting economic policy economy, business and finance political campaigns politics professional - women general

‘Out of touch’: businesses blast ex-PM’s budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

economy, business and finance

SpaceX reveals blockbuster initial public offering plan

Elon Musk's SpaceX has unveiled plans for one of the biggest sales of stock to the public ever with an initial offering that could make Musk a trillionaire.

breaking_news economic policy economy, business and finance government debt politics state budget and tax

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

breaking_news economy, business and finance employment labor market personal data collection politics statistic

Jobless jump, Iran war shoot down fears of rate rise

The big four banks are tipping the Reserve Bank to hold interest rates steady at its next meeting after the jobless rate surged and as the Iran war hits home.

economy, business and finance energy and resource international relations politics trade agreements war

Putin and Xi hail ties and energy trade at China talks

China and Russia's leaders have shared warm words and stressed their growing trade and energy ties at a summit in Beijing just days after Donald Trump's visit.

economy, business and finance holiday or vacation travel and commuting

Travel booking site eyes rebound from market turbulence

A major online travel booking company believes it can recover from a triple whammy after increasing its net annual profit in a shifting market.

construction and property economy, business and finance summer olympics tourism

Athletes in Airbnbs: Aussie homes line up for Olympics

Households will be prepared to sleep international athletes, officials and tourists as a hotels crunch leaves Brisbane short of beds for the 2032 Olympics.

coal economy, business and finance

Houses, town water supply sold in mining mega‑deal

A $5.8 billion mega-coal mining deal has all but put a town up for sale, handing the new owner the mines, hundreds of homes and crucial community services.

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