The Latest Breaking News from Jim Chalmers

Lobby groups have pushed Trump to retaliate against Australia’s treatment of US exporters under the $18bn Pharmaceutical Benefits Scheme

The federal government will find wholesale tax reform hard to achieve at its roundtable but planning changes could be more manageable, says a leading economist.

Leaders from the business, union and welfare sectors will gather in Canberra to come up with ways to bolster Australia's flagging productivity levels.

The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal from a global minimum tax agreement.

The Albanese government devoted time and energy in its first term to developing a wellbeing agenda for the economy and society.

Next week will be the 40th anniversary of the Hawke government’s tax summit. Dominated by then treasurer Paul Keating’s unsuccessful bid to win support for a consumption tax, it was the public centrepiece of an extraordinary political and policy story.

Expectations are growing interest rates will be cut again soon as the Reserve Bank's preferred measure of inflation falls to its lowest level in years.

The federal opposition has accepted an invitation from Treasurer Jim Chalmers for shadow treasurer Ted O'Brien to attend the August economic roundtable.

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity.