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    The economy

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    Virus delivers multibillion-dollar resource export blow, but iron ore surges

    Virus delivers multibillion-dollar resource export blow, but iron ore surges

    Resource exports have been revised down as a result of the pandemic, but the iron ore sector is set to remain strong.

    • by Shane Wright

    Latest

    Morrison in for a rude shock on post-pandemic economics
    Opinion
    Australian economy

    Morrison in for a rude shock on post-pandemic economics

    Getting the Australian economy back on track is going to need more than just dismantling the lockdown.

    • by Ross Gittins
    Energy giants forced to rethink prices in post-virus world
    Energy

    Energy giants forced to rethink prices in post-virus world

    Australia's biggest oil and gas producers are likely to follow Britain's BP in slashing global oil price forecasts in the wake of the coronavirus crisis.

    • by Nick Toscano
    Energy reforms give customers power to find better rates
    Energy

    Energy reforms give customers power to find better rates

    Australian consumers will soon have greater access to their personal energy usage data with the roll-out of new competition rules.

    • by Nick Toscano
    'Take action now': Call to open borders to au pairs
    Childcare

    'Take action now': Call to open borders to au pairs

    Families who use au pairs are scrambling for alternative childcare as about 10,000 backpackers leave Australia every month and new ones are barred from entry because of border restrictions.

    • by Caitlin Fitzsimmons
    Foreign investors make huge profits in Australia, we should have a fair share
    Opinion
    Foreign investment

    Foreign investors make huge profits in Australia, we should have a fair share

    And the call by big business to lower the company tax rate to attract or keep foreign investment is just a try-on.

    • by Ross Gittins
    Advertisement
    Off a cliff: India's economy has more problems than the pandemic
    Opinion
    Global economy

    Off a cliff: India's economy has more problems than the pandemic

    Don't let anyone tell you the pandemic is the main reason India's growth has cratered.

    • by Mihir Sharma
    Federal Reserve caps US bank dividend payments after stress tests
    Wall Street

    Federal Reserve caps US bank dividend payments after stress tests

    Shares of JPMorgan Chase & Co, Bank of America, Citigroup, Wells Fargo & Co and Goldman Sachs tumbled in after-hours trading on the news, having risen earlier in the day.

    • by Pete Schroeder and David Henry
    The US sent $2b in virus relief payments to dead people
    Coronavirus pandemic

    The US sent $2b in virus relief payments to dead people

    While the tax department has asked the families of the deceased to return the money, it's not clear they have to.

    • by Marcy Gordon
    World faces COVID debt time bomb, warns former Bank of England chief
    Coronavirus pandemic

    World faces COVID debt time bomb, warns former Bank of England chief

    Coronavirus-related debts could spark the next financial crisis, with countries borrowing trillions of dollars to fight the pandemic, former Bank of England governor Mervyn King has warned.

    • by Liam Halligan and Russell Lynch
    Qantas job cuts show danger of an economic hard landing
    Editorial
    Coronavirus pandemic

    Qantas job cuts show danger of an economic hard landing

    The federal government must wind back wage subsidies but replace them with public investment.

    • The Herald's View