US gives countries deadline for trade offers: report
A letter suggests the US government will evaluate responses of trading partners and offer "a possible landing zone" that could include a reciprocal tariff rate.
economy (general)
‘Massive’ increase driving smokers to the black market
Progressive increases in cigarette taxes have dented smoking rates and boosted government coffers, but a surging black market is prompting calls for a rethink.
Insurance cost warning after disasters hit bottom line
The cost of natural disasters has set the federal budget back $2.2 billion, but experts warn cyclones and floods will push up insurance premiums.
economy (general)
economy, business and finance
executive (government)
government contract
government debt
government departments
politics
Black-eyed Musk denies drug use as US govt tenure ends
Billionaire Elon Musk - sporting a black eye in the Oval Office - has been praised by Donald Trump for his efforts to cut federal spending, as his tenure ends.
At least 111 dead in northern Nigeria flooding
At least 111 people have been confirmed dead in central Nigeria after flash floods submerged a market town.
Reprieve: Trump tariffs temporarily reinstated by court
A US appeals court has overturned an earlier ruling and allowed Donald Trump's global tariffs to go back into effect.
Weak business investment underlines productivity battle
Encouraging productivity-boosting investment, such as infrastructure connecting regions with capital cities, is needed amid a slowdown in capital expenditure.
Egg, housing costs might fry hopes of earlier rate cut
Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.
More gas projects, less green tape call at energy event
Gas giants have called on the Australian government to approve projects faster and let them explore more mining opportunities.
AI in sights to build up nation’s sliding productivity
It takes an Australian worker twice as long to build a home as it did 50 years ago, making it all the more urgent to fix declining productivity growth.
Looming power bill hikes spark calls to shop around
Hunting for a better deal could save some Australian households and businesses hundreds of dollars a year as consumers brace for higher bills.
economy (general)
energy
energy (general)
energy and resource
energy resources
environmental issue
environmental politics
environmental pollution
exports
iron and steel
metal and mineral
mining
renewable energy
report
research
Australia urged to spend big while green iron is hot
Australia could replace carbon-intensive coal and gas exports with green iron and quadruple earnings, a report says, but only if it makes changes.
business (general)
consumers
economy (general)
energy
energy (general)
energy and resource
energy resources
environmental cleanup
environmental issue
environmental politics
environmental pollution
politics (general)
renewable energy
Why the carbon offset ‘swear jar’ needs an overhaul
Firms relying on carbon offsets to tout their green credentials and reduce their environmental footprints are under fresh scrutiny after a court settlement.
business (general)
computer crime
computing and information technology
crime
crime, law and justice
economy (general)
it/computer sciences
software
technology (general)
Australia must prepare for Hollywood-style cyber attack
Cyber criminals are growing in number and sophistication, warns Australia's top online defender who urges businesses to prepare themselves for the worst.
Restaurants on the brink as business failures plateau
Hospitality venues are feeling the pinch from high business costs and low spending, but lower interest rates should help ease the pain
business (general)
computing and information technology
economy (general)
internet
online
research
research and development
science and technology
social issues (general)
software
technology (general)
Google offers AI tools to automate that personal touch
Users of Google products could allow AI to personalise email replies and more with their own tone and style by allowing it to peer into their private data.
Trump’s tariff ‘rollercoaster’ raises recession risk
Donald Trump's trade war has clouded economic forecasts as Australia's central bank seeks to thread the needle to avoid the nation tipping into a recession.
business (general)
computing and information technology
economic policy
economy (general)
environmental issue
it/computer sciences
politics (general)
productivity
regulatory policy and organisation
research
technology (general)
Renewables, AI rules top productivity reform wishlist
Fifteen areas have been identified for reform by the Productivity Commission, including artificial intelligence, tax reform and cheaper renewable energy.
US weighs special status for Greenland
US officials are discussing a plan to pull Greenland into America's sphere of influence using a free association agreement.
Westpac shares slip amid profit dip, volatile outlook
Westpac CEO Anthony Miller says Australia is well-positioned to weather storms in the world economy and he's looking forward to working with a Labor government.
Warren Buffett announces retirement plans
Warren Buffett, 94, has shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year
US job growth slows marginally, unemployment steady
US employers have added a better-than-expected 177,000 jobs in April as the job market shows resilience.
Full steam ahead for cash rate cut as inflation settles
Mortgage-holders are poised to bank an interest rate cut within weeks despite the latest inflation reading coming in slightly higher than expected.
Trump uncertainty set to smash Australian economy
Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.
Jobs market strong but Trump tariff bomb yet to explode
Australia's jobs market is holding up better than expected, but the impact of Donald Trump-imposed tariffs is yet to play out across the globe.
Big bite on spending swallows up hospitality businesses
A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.
Reserve Bank call for calm is welcome amid tariff drama
Federal Treasurer Jim Chalmers says Australia is still well-placed to navigate the economic uncertainty generated by Donald Trump's wide-ranging tariffs.
Bank boss alert, not alarmed over Trump tariff fallout
As rate-cut bets see-saw, the Reserve Bank governor says Australia is well placed for overseas shocks in her first speech since Donald Trump's tariff thump.
China hits back with 84 per cent tariff on US goods
China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced.
Calls mount for RBA to intervene with jumbo rate cut
Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.
Risks of recession casts shadow over leaders’ debate
As economic headwinds emerge after US-imposed tariffs, Anthony Albanese and Peter Dutton are vying to lay claim to being the best bet to deal with them.