Business + Economy — Research and News

Large movements in relative prices will create winners and losers this year, the IMF has said. EPA/MICHAEL REYNOLDS

China economy to slow, hurting Australia: IMF

A new IMF report predicts a crackdown on cheap credit in China will help reduce China's real GDP growth rate from 7.4% last year to 6.8% this year and further weaken demand for Australian commodities.
Greens leader Christine Milne argues Australia is not doing enough to combat corporate tax avoidance. Lukas Coch/AAP

Experts caution Australia on unilateral ‘Google tax’

Treasurer Joe Hockey is considering a Google tax similar to that introduced in the UK, but experts warn it could derail global action on tax avoidance.
OECD Secretary-General Angel Gurria, right, is welcomed by Queensland’s Governor Paul de Jersey at Brisbane International Airport. Patrick Hamilton/AAP

Narrow G20 agenda must go ‘structural, social and green’

The G20 summit must “go structural, go social and go green”, says OECD secretary-general Angel Gurria. Speaking at Griffith…
Communications Minister Malcolm Turnbull is revisiting well-trodden telecommunications competition issues. Gary Schafer/AAP

Turnbull leaves door open to break up NBN Co

Communications Minister Malcolm Turnbull has not ruled out a proposal by the expert panel reviewing the telecommunications…
The government will consider newly released recommendations from the Commission of Audit, which has suggested stringent cuts across the board. AAP/Lukas Coch

Commission of Audit lays path for deep cuts

Heavy on warnings that “business as usual” will leave future generations of Australians saddled with excessive debt, the…
Prime Minister Tony Abbott and Minister for Infrastructure Warren Truss announced a second Sydney airport at Badgerys Creek on Tuesday. AAP/Alan Porritt

Abbott confirms Badgerys Creek for Sydney’s second airport

Sydney’s second airport could see its first flight in the next decade as prime minister Tony Abbott this afternoon confirmed…
The number of young Australians unemployed for more than 52 weeks has tripled since 2008. AAP/Tracey Nearmy

Long-term youth unemployment triples in six years: study

More than 50,000 young people have been unemployed for more than a year, with the average length of unemployment almost doubling…
Corporate social responsibility guidelines are meant to augment financial reporting, but there may still be gaps in what companies are disclosing. Flickr/Clogwog

Reporting ‘misrepresents’ business sustainability: study

Several prominent Australian companies could be inflating their adherence to corporate social responsibility guidelines…
New guidelines tighten requirements for listed entities to report on risks outside financial ones. AAP/Tracey Nearmy

New ASX guidelines to force sustainability reporting

Publicly listed companies will need to disclose exposure to economic, environmental and social sustainability risks for the…
Prime minister Tony Abbott said too many unnecessary regulations were costing businesses and hurting productivity. AAP/Daniel Munoz

Abbott claims $700m in red tape savings for business

Prime minister Tony Abbott said his government would create “the biggest bonfire of regulations in our country’s history…