UK inflation at highest in 18 months as food costs rise
UK inflation rose to a near 18-month high in June as food prices surged for the third month running, according to official figures. Consumer price index inflation rose to 3.6…
Heavy-hitter urges return of ‘world’s best’ carbon tax
Australia needs to bring back a carbon tax and should never have dumped the measure, an economic heavyweight says. Ex-Treasury secretary Ken Henry, now a leading environmental advocate, derided the…
Treasurer to trumpet teamwork in face of US trade wars
Nations such as Australia that risk being entangled in Donald Trump’s trade wars have been urged to band together and ignore the increasingly dour superpower. Treasurer Jim Chalmers is preparing…
Cafes, small businesses fear brunt of surcharge cut
After the morning rush of lattes and flat-whites flying out the door, Alan Low likes to settle in with his own coffee and try to balance his cafe’s books. The…
PM retraces predecessor’s steps on China’s Great Wall
Retracing the steps of Gough Whitlam atop the Great Wall of China, Anthony Albanese brushed off Chinese concerns about unfair business practices. The prime minister pitched himself as continuing the…
Trump touts deal with Indonesia, flags pharma tariffs
US President Donald Trump says the United States will impose a 19 per cent tariff on goods from Indonesia under a new agreement with the Southeast Asian country. He said…
“Snuff videos as a sales pitch”. Raphael boasts of human testing in Gaza death camps
Australia’s government awards rich contracts to Israeli drone makers Elbit and Raphael, which skite to investors about killing Palestinians. Stephanie Tran reports. Israeli weapons manufacturer Rafael Advanced Defense Systems has…
Australia urges economic engagement amid uncertainty
In the face of extreme uncertainty, collaboration will be top of mind as the treasurer prepares to meet with leaders from some of the world’s most important economies. Days before…
‘Pattern book’ house plans could be approved in 10 days
New homes picked from pre-approved designs could be ticked off for construction in 10 days in another bid to accelerate house building in Australia’s most expensive market. In what the…
EU urged to suspend global minimum tax after US exit
German Chancellor Friedrich Merz has urged the European Union to suspend implementation of a global minimum corporate tax, arguing the plan is no longer viable without US participation. Speaking after…