Malcolm Turnbull, Australia’s prime minister and leader of the Liberal Party, is sworn in at Government House in Canberra, Australia.  Photograph: Mark Graham/Bloomberg

New prime minister Malcolm Turnbull dashed hopes of swift action on progressive issues such as same-sex marriage after he was sworn in as Australia’s (...)

Planet Business

Image of the week: Great Rainfall of China Extreme volatility is still the dominant weather pattern across Chinese financial markets, with Wedn(...)

Australia’s treasurer Joe Hockey said fuel excise would not affect the poor because they “don’t have cars or actually drive very far”. Photograph: Mark Graham/Bloomberg

Australia’s capital Canberra has had its first snow of the year, the city is waking up to sub-zero temperatures and parliament is in its last sitting (...)

Australia’s treasurer, Joe Hockey. From July 1st, 2016, those on working-holiday visas will be taxed at 32.5 per cent from the first dollar they earn. Photograph: Lukas coch/EPA

Australia, which has been steadily falling in popularity as a destination for young Irish people since 2012, might just have taxed itself out of th(...)

Google is among 30 multinationals to be investigated for alleged tax avoidance. Its Australian subsidiary has denied any evasion.

The Australian government announced a world-leading crackdown on Monday on alleged tax avoidance by 30 multinational companies that will likely force (...)

Downtown Sydney: while the IMF is concerned the housing market in Australia is overheating, experts point to the ‘natural rise in capital city property’. Photograph: Saeed Khan/AFP/Getty Images

Australia’s unemployment level is at a 12-year high (though at 6.4 per cent it’s still far lower than in most developed countries), its interest rate (...)

An employee walks past a stacker as it loads crushed iron ore at a processing facility in the Solomon mining hub in Western Australia. The mining industry, along with mining-related activities,  accounts for about 20 per cent of Australian GDP, and 10 per cent of employment. Photograph: Sergio Dionisio/Bloomberg

Australia’s economic growth unexpectedly slowed last quarter as sliding export prices took a heavy toll on national income, and the outlook is even da(...)

Australian treasurer Joe Hockey speaks to the media at the close of the G20 Finance Ministers and Central Bank Governors meetings today. Photograph:   Lisa Maree Williams/Getty Images

The world’s top economies agreed today to develop stricter rules on cross-border taxation to close loopholes that have allowed multinationals s(...)

International Monetary Fund managing director Christine Lagarde  chats with Britain’s chancellor of the exchequer George Osbourne (right) and Australia’s treasurer Joe Hockey before the G20 Finance Ministers and Central Bank Governors round table meeting in Sydney today. Photograph: William West/Pool/Reuters

The world’s top economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central ban(...)

 The unexpected rejection of ADM’s A$2.2 billion takeover of GrainCorp was the first time a US company has been blocked from buying assets in that country. Photograph: Daniel Acker/Bloomberg

Archer-Daniels-Midland’s failure to win Australian approval to buy GrainCorp opens the door for share buybacks, bigger dividends or other acquisitions(...)