Browsing: Business

Gold prices hit record highs near $3,791 per ounce as markets respond to U.S. rate cuts, dollar weakness, and strong safe-haven investment flows.

WTO says AI could boost global trade by nearly 40% and GDP by 13% by 2040 if digital infrastructure and trade policies are adapted worldwide.

Trump scrapping Section 899 protects future Australian millionaires, removing tax threats to super fund growth and long-term U.S. investment returns.

Equinor has exited the $10 billion Hunter offshore wind farm, pausing one of Australia’s largest clean energy projects amid shifting global investment plans.

ASX 200 set a record above 9000 as strong earnings and rate optimism drove gains, while global markets braced for U.S. Federal Reserve policy signals.

The NZD/USD fell below 0.5850 as the Reserve Bank of New Zealand cut rates to 3.00 percent, signaling further easing amid economic weakness.

The Victorian government has unveiled its $7.9 billion renewable grid plan, expanding energy zones and replacing coal power to secure renewable targets.

Australian coffee is gaining demand as global supply tightens, with rising import prices prompting cafés to turn to locally sourced beans.

Australia’s jobless rate fell to 4.2% in July 2025 as full-time employment rose by 24,500, with stable participation at 66.8%, per ABS data.

Australia’s central bank cut its cash rate to 3.6%, marking the third cut this year, as inflation eases and growth slows, with markets expecting more.