Retail Industry

A Trump administration tariff deadline is creating "chaos" for postal networks and retailers globally, as low-value parcels will be slugged with import duties from next week.

The benchmark index added 1.1 per cent on Thursday, with all sectors rising as stocks climbed to fresh records. Take a look at how the trading day unfolded plus analysis from our specialist business reporters on the markets blog.

The S&P/ASX 200 closed 0.7 per cent higher on Friday at 8,938.6 points, ending the week on its highest ever note, and on route to breaking the 9,000 barrier. 

Cleaning up even a small amount of a $110 billion "red tape burden" could deliver billions in savings, the Business Council of Australia says, ahead of next week's economic reform round table.

About 20,000 people are expected to rush through the doors of cosmetic giant Mecca's new store on its opening day. But is the hype enough to revive Melbourne's hushed CBD after the pandemic?

Shares in the stock exchange operator slump a day after an embarrassing bungle involving TPG, as ASIC considers approving a competitor.

Experts warn the Reserve Bank's proposal to end card surcharges to save consumers money could have unintended consequences.

Workers employed under the award system could not have penalty or overtime rates bargained away under new government legislation to be introduced today.

The ABC has obtained confronting footage appearing to show a young female supermarket worker being kicked to the ground by an older male ride-share driver, in an alleged assault.

The move comes after an ABC investigation revealed major private ATM suppliers were targeting the illegal tobacco industry.

The central bank wants to end surcharging on eftpos, Mastercard and Visa cards from next July, following a review finding the system is outdated and retailers are charging blanket surcharges regardless of card type.

Australian stocks closed on a fresh record high on Tuesday, while the Reserve Bank proposed an end to credit and debit card surcharges, which would save consumers and businesses $1.2 billion a year. Catch up with our live markets blog. 

The Australian sharemarket shed its early morning gains rising above 8600 points in the opening minutes of trading on Friday but closing 0.1 per cent lower at 8580.1, after US President Donald Trump's "avalanche" of tariff announcements.

Pubs, cafes and restaurants are legally restructuring to wipe their debts and stay open, as the hospitality industry continues to battle tough trading conditions. 

The ASX closes broadly flat, as investors selling out of CBA buy into the original 'Big Australian' BHP. See how the day unfolded on the ABC News live markets blog. 

Most "fresh" food travels thousands of kilometres to be sorted, divvied up and, in some cases, sent back to the place it came from — at huge cost to farmers and shoppers. But some new options are starting to sprout.

A South Australian plan to ban non-compostable labels on fresh produce has come unstuck with growers worried about higher costs for consumers during tough times.

Australian stocks ended lower, while oil prices rose, snapping three straight sessions of losses. Westpac joined other banks in moving its rate cut forecast forward to July following yesterday's inflation data.

Aldi has the best price for a basket of 14 regularly priced items, followed by Woolworths, Coles and IGA. 

The Aussie share market closed lower after Israel's military strikes against Iran's nuclear program sites. The Middle East conflict is pushing up gold and oil prices.