News from ABC News Business
What is your interest today?
Court downplays scale of cattle industry losses after live export ban
The court’s decision suggests that the economic impact of the 2011 export restrictions on the cattle sector may be limited, potentially influencing the outcomes of numerous compens...
Read Full Article →Four charged with money laundering as $21m in assets seized
Authorities have confiscated assets worth $21 million and charged four individuals suspected of participating in a complex financial crime involving the illegal movement of funds a...
Read Full Article →Coffee prices up to $12 needed to make industry viable, supplier says
Experts indicate that due to ongoing tariffs and supply challenges, coffee costs must rise significantly to maintain production, potentially leading to higher prices for consumers...
Read Full Article →GFG puts Whyalla port company into administration after 'severe impact' on revenue
The decision to enter administration reflects the financial strain on the company resulting from disrupted operations and unresolved ownership conflicts involving government action...
Read Full Article →The premier says WA is helping to reduce global emissions. Is there truth to this?
The extension of the North West Shelf Karratha project is expected to generate long-term revenue for WA while supporting international efforts to transition from coal to cleaner en...
Read Full Article →Demand for Aussie beef outweighs Trump tariffs
Despite imposed tariffs, Australian beef continues to generate strong export revenues by maintaining substantial sales in the U.S. market, indicating resilient economic value in th...
Read Full Article →Climate activists fined $10k each after Woodside stench gas media stunt
Three protesters were each required to pay a $10,000 penalty following their attempt to disrupt a corporate event by releasing a foul-smelling gas in central Perth.
Read Full Article →Retirement village residents facing 800pc rate hike accuse mayor of spying
Residents in the retirement community are concerned about the substantial increase in local government charges, which could significantly impact their financial stability and affor...
Read Full Article →Golden endorsement for Perth Mint two years after 'doping' scandal
Despite previous concerns about gold quality, Perth Mint continues to maintain a strong reputation globally, which supports ongoing investor confidence and potentially stabilizes i...
Read Full Article →Gold Coast residents slugged one-off $10 payment for cyclone clean-up
Residents of the Gold Coast faced an additional charge in their local rates to help fund the $50 million expenses associated with recovery efforts after the recent natural disaster...
Read Full Article →Scratchie scam offering $US240,000 prize 'too good to be true'
Consumer Protection WA highlights a rise in scratchie scams, resulting in significant losses totaling over $30,000 for several victims, emphasizing the importance of caution with o...
Read Full Article →Sale of small-town IGA sparks fears of duopoly and grocery price hikes
The recent transaction involving a local grocery store has created links among the three small supermarkets in Esperance, raising concerns among residents about potential increases...
Read Full Article →Australia could bargain over partial US beef ban in Trump tariff talks
Australia plans to use restricted access to its beef exports as leverage in discussions aimed at easing American tariffs and improving overall trade relations between the two count...
Read Full Article →Live: Albanese says he won't loosen biosecurity rules to secure US tariff exemption
Prime Minister Anthony Albanese emphasized that maintaining strict biosecurity measures remains a priority, despite potential economic impacts related to the ongoing negotiations o...
Read Full Article →Live: ASX set to slip after Trump-Musk feud triggers sell-off on Wall Street
The Australian stock market is expected to open lower as recent tensions between prominent figures contribute to investor uncertainty and prompt declines in major US indices overni...
Read Full Article →Concern housing proposal could see 'hodgepodge of unsatisfactory development'
The proposed planning rule changes in Canberra are expected to impact both individual homeowners and large developers financially by enabling increased housing density in suburban...
Read Full Article →Trump and Xi hold phone call 'focused almost entirely on trade'
The extended discussion between the two leaders highlighted key economic issues, potentially influencing global markets and bilateral trade policies between the United States and C...
Read Full Article →NSW workers' comp reforms delayed after Liberals side with unions
The postponement of the proposed changes to workers’ compensation in New South Wales may impact financial liabilities and claims processing, affecting both employer costs and compe...
Read Full Article →'Tip of the iceberg': First round of job cuts announced by ANU
The Australian National University has initiated initial staff reductions as part of a broader effort to address its substantial budget shortfall and achieve $250 million in saving...
Read Full Article →Why is Gen Z obsessed with blind boxes?
The blind-box industry generates billions annually by leveraging dedicated consumer bases, strategic promotional efforts, and social media engagement to maintain strong sales and m...
Read Full Article →Trump spruiks his 'success' since inauguration as steel tariffs take effect
The implementation of heightened duties on imported steel and aluminium is expected to impact trade balances and manufacturing expenses across various industries in the United Stat...
Read Full Article →Finance broker to make NRL debut after almost 70 reserve grade matches
The finance broker’s upcoming NRL debut highlights a transition from managing financial matters to contributing athletically, underscoring the broader impact sports professionals c...
Read Full Article →Live: Aussie dollar rises above 65 US cents, RBA rate cut predicted for July
The Australian currency's recent strength against the US dollar coincides with forecasts of a possible interest rate reduction, while declining mining exploration investment may im...
Read Full Article →Australia and EU revive trade talks but agriculture still a sticking point
Renewed negotiations between Australia and the European Union aim to enhance economic stability amid global shifts, though disagreements over agricultural policies continue to infl...
Read Full Article →South Korea's new president has 'a hard line to walk' between US, China
Lee Jae-myung’s administration must navigate complex international relationships that could impact trade flows, investment decisions, and economic stability amid shifting alliances...
Read Full Article →Job losses flow down the line from troubled SA steelworks
The administration of Whyalla's steelworks has led to widespread economic challenges, causing several related companies to reduce their workforce due to decreased demand and financ...
Read Full Article →Weak GDP gives RBA green light for another interest rate cut in July
The recent slowdown in economic growth increases the likelihood of a reduction in borrowing costs, potentially easing financial pressure for consumers and businesses in the upcomin...
Read Full Article →Farmers urge gardeners to check tomato plants as virus plans scrapped
Farmers warn that if the tomato virus spreads unchecked, the agricultural sector could face substantial economic damage, potentially impacting both commercial growers and home gard...
Read Full Article →Indian legend in tears as Bengaluru finally break IPL hoodoo
Bengaluru's victory in the IPL final not only ends their long streak of near misses but also boosts the franchise's market value and opens new revenue opportunities through sponsor...
Read Full Article →Live: ASX to rise ahead of first-quarter GDP data release
Investors are anticipating a boost in Australian share prices influenced by gains in US markets, as upcoming economic data on quarterly growth is scheduled to be announced later th...
Read Full Article →