Business

Treasurer Jim Chalmers will on Wednesday unveil a slightly smaller than anticipated Budget deficit in a mid-year update expected to feature major spending cuts and rising revenue.

Australian consumer sentiment slumped in December as households brace for higher-for-longer interest rates and hopes of further mortgage relief fade.

These two financial giants forecast the Reserve Bank will need to act soon as the national economy performs better than expected.

THE ECONOMIST: The industry is supplanting Wall Street’s privileged position on the American right

Donald Trump filed a defamation lawsuit against the BBC, seeking at least $5 billion in damages.

The consumer watchdog has taken aim at two food retailers for allegedly trapping Australian consumers into subscriptions.

Steve McCann, the man brought in to rescue Star Entertainment Group almost 18 months ago, has revealed his immediate exit from the embattled casino operator.

Aussie travellers are likely to get a boost as a widening split between the Reserve Bank and US Fed should push the local currency higher. 

The charge, a first for ASIC, is part of a “circuit-breaker” package of orders put on the share market operator over a string failures.

THE ECONOMIST: Despite fears of job losses, some aspects of the new technology require human skills.

Treasurer Jim Chalmers says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

YouTube’s chief executive Neal Mohan is the latest in a line of tech bosses who have admitted to limiting their children’s social media use, as harms of being online for young people have become more evident.

Government backing for home batteries will be dialled back for larger systems in a move intended to make the scheme sustainable and open to more households.

Mortgage lending has hit new record highs, driven by investors. This was occurring before Labor’s 5 per cent deposit scheme for first-homebuyers was fast-tracked to October 1.

THE NEW YORK TIMES: Silicon Valley is experiencing an AI boom that bears resemblance to the dot-com boom. But despite the similarities, there are many differences that could lead to a wildly different outcome.