Business

Webjet declared a second-half dividend of two cents per share, taking the year total to four cents. (Dan Himbrechts/AAP PHOTOS)

Big online travel agency hit by 'disappointing' change

Online travel group Webjet has emerged from a trading halt to warn Virgin Australia's decision to offer holiday packages is likely to hurt future revenue.

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Double-digit housing investor retreat to shred the market

A financial adviser has warned Australians an ‘extremely overvalued’ property market will take a hit from rate hikes, Federal Budget tax changes and a potential economic downturn.

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A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.

Why Aussie States keep fighting over $100b GST pool

A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.

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Chanel is turning heads again.

Chanel’s creative revival is paying off

The world’s second-biggest luxury label is turning heads again.

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Labor’s plan to replace the 50 per cent capital gains tax discount with a minimum tax on capital gains would discourage risk taking in the tech sector.

Tech bosses warn Labor’s CGT could push start-ups overseas

A tech boss developing Australia’s answer to WhatsApp and Slack is warning start-ups will leave Australia for New Zealand because of Labor’s new minimum 30 per cent capital gains tax. 

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The Albanese government is facing backlash for proposed reforms it says the country needs to fix intergenerational inequity.

Looming five-figure tax hit for young Aussies

The Albanese Government is facing backlash for proposed reforms it says the country needs to fix intergenerational inequity.

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The ASX has made gains after a seven-week low. (Joel Carrett/AAP PHOTOS)

Aussie shares rebound after Trump postpones new attack

The ASX was up 0.8 per cent at midday, recovering from a seven-week low, after Donald Trump said he was scrapping plans for another attack on Iran.

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onsumers are still down in the dumps despite easing fuel price shocks.

Consumers still down on the dumps despite fuel shock easing

Australian consumers are still very much down in the dumps despite lower fuel prices at the pump.

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Prime Minister Anthony Albanese has been smashed with memes made by small business owners across the country, who are slamming changes in the Federal Budget.

‘New partner’: Memes mocking Albo go viral on social media

Prime Minister Anthony Albanese has been smashed with memes made by small business owners across the country, who are slamming changes in the Federal Budget. 

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Wealthy expats seek alternatives as Middle Eastern tax haven tarnished by war The Nightly

Where Dubai expats are ending up as war tarnishes tax haven

THE ECONOMIST: Many hoped to return once the hostilities ceased. As these drag on, however, plenty are casting around for a new, more peaceable bolt-hole. Where are they headed? And will they ever return?

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Asked about changes to business taxes, Treasurer Jim Chalmers defended the Budget.

Small businesses face double tax blow under CGT changes

The Federal Government’s changes to capital gains taxes could see small businesses cop a double tax bill if they restructure to cope with the overhaul.

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RBA Governor Michele Bullock and Treasurer Jim Chalmers.

RBA chief economist sounds alarm on a rate hikes recession

The Reserve Bank of Australia’s chief economist Sarah Hunter has warned entrenched inflation could lead to punitive rate hikes that would spark a recession.

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LNG exporters will be forced to quarantine 20 per cent of their gas exports from July 1, 2027 for the domestic market, under the plan unveiled in last week’s Federal Budget.

Albo Government promises to get gas reservation plan ‘right’

But it doesn’t rule out taking more dramatic steps to ensure domestic supply if Australia’s outlook worsens, amid ongoing disruptions from the Middle East conflict.

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Treasurer Jim Chalmers has copped criticism for some of the tax changes in the recent budget.

All eyes on RBA for Federal Budget response

Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.

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Elon Musk’s lawyer say he may appeal but a judge has suggested he may have an uphill battle.

Verdict delivered in Elon Musk heated battle against OpenAI

The federal jury made a unanimous decision on Elon Musk’s legal battle against OpenAI after less than two hours deliberation.

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