Business

Australia’s resources sector is alarmed at reports the Prime Minister’s department is quietly exploring options for a new tax.

Most economists still expect Australia to avoid a recession, but government debt costs are now at 15-year highs as bond traders price in a stormy economic outlook.

Falling sales at struggling kids stationery brand Smiggle has dragged down first-half profit at retail king Solomon Lew’s Premier Investments.

Australia’s wealthiest person Gina Rinehart has retained her crown as the richest among our nation, nearly doubling the closest other mining magnate.

The S&P-ASX200 index has fallen 1.6 per cent and is on track for its lowest close in four months.

Energy analysts suggest the Middle East war’s upcoming consequences of global oil and gas supply shortfalls could spell much higher prices than those quoted this week.

Most Australian households have built up their mortgage buffers to ride out the impacts of higher interest rates and escalating tensions in the Middle East, according to the Reserve Bank.

Members are kicking up a fuss after one of their favourite perks was targeted in the airline’s latest set of changes.

ARN, the network that terminated Kyle Sandilands and Jackie O Henderson, has yet another headache to deal with as the first radio ratings for 2026 are revealed.

The still strong jobs market is giving the Reserve Bank room to lift interest rates in a bid to slow the economy and inflation.

The competition watchdog has broken with tradition amid widespread claims of price gouging by fuel retailers and revealed an investigation into allegations of anti-competitive conduct by four major players.

The spiralling Middle East conflict is pushing petrol prices up further, while set to send shares lower as gold slumped overnight and bond yields climbed.

China is locking in its critical minerals and metals dominance via deep pocket investments in the Global South, leaving a shrinking role for Australian exports.

All but one of the 12 voting members of the US Federal Reserve has voted to keep rates at a range of 3.5 to 3.75 per cent.

Surging costs have grounded planes globally, even for domestic flights, but Australian airlines have been able to keep on going.