economy
From sadness to wellbeing: call to rewire the economy
7 November
People are not simply wondering if they can afford the life they lead, they are questioning if it is the life they want, an international humanitarian says. āIf you start talking to people about what their lives are like right now, a lot of people...[Read More]
Bonus to stick with army helps Australia to stay ready
7 November
Cash bonuses for serving personnel will do little to improve retention rates, a veteransā welfare organisation warns. The Albanese government on Tuesday announced a $600 million package to keep people in the military, while releasing the 2024...[Read More]
Australia considers āAUKUS visaā to help submarine deal
6 November
An āAUKUS visaā is being considered to help plug workforce gaps and ensure a speedy delivery of the nuclear-powered submarine program. Speaking at the Submarine Institute of Australiaās conference in Canberra on Tuesday, US ambassador Caroline...[Read More]
Trade boost spruiked as China inspects Australian meat
6 November
A trade expansion into China is on the horizon, the trade minister says, as the remaining impediments come to a heel. Don Farrell is in China for the worldās largest import trade export, with more than 250 Australian businesses attending. Senator...[Read More]
Inflation eases to 2.8 per cent in September quarter
31 October
Australiaās annual inflation rate has returned to the range targeted by the central bank, clocking in at 2.8 per cent in the September quarter. The headline annual rate was down a whole percentage point from the June quarter and landed broadly in...[Read More]
Petrol and energy relief drag headline inflation lower
31 October
Cheaper fuel and energy bill relief have helped drag headline inflation down to its lowest rate since early 2021. A 2.8 per cent rise in the September-quarter consumer price index marks a return to the Reserve Bankās target range of two to three...[Read More]
Pandemic cash splash let inflation genie out of bottle
31 October
Unnecessary COVID-19 spending and Reserve Bank delay in lifting interest rates significantly worsened inflation, a review of Australiaās pandemic response finds. While supports like JobKeeper and HomeBuilder were desperately needed and an...[Read More]
Australian investment eyed for Peruvian mining pipeline
30 October
Peru is looking to Australian companies for hundreds of millions of dollars for critical mineral investment with 51 projects having a combined $US55 billion revenue potential in the pipeline to 2035. Peruās Energy Minister Romulo Mucho says China...[Read More]
Chinese astronauts to conduct experiments in space
30 October
China has sent three astronauts to its permanently inhabited space station, where they will conduct dozens of scientific experiments, some related to the construction of human habitats. The spacecraft Shenzhou-19 and its three crew lifted off atop a...[Read More]
UAE cash for minerals, but China dominance sparks angst
24 October
Billions of dollars in Emirati cash could soon flow into the critical mineral sector but concerns persist over whether Australia is too far behind China in the battery race. Australia and the United Arab Emirates have agreed to a trade pact that...[Read More]
Cost of living woes trump worker satisfaction
24 October
Four in five working Australians are more concerned about living costs than job satisfaction. Research by tech company SafetyCulture details challenges facing frontline industries amid several years of inflation. It found women workers to be more...[Read More]
Global fight against high inflation āalmost wonā: IMF
24 October
The global war against inflation has largely been won ā and at surprisingly little cost to economic growth, the International Monetary Fund has declared. In its latest assessment of the global economy, the IMF predicted that worldwide inflation...[Read More]
Australia facing further economic troubles
24 October
Labor has defended its economic track record as sluggish growth is expected for the Australian economy, while unemployment is likely to climb. Treasurer Jim Chalmers will meet with world counterparts in Washington as the International Monetary Fund...[Read More]
Stage three tax cut spending spree yet to surface
17 October
Tax cuts donāt appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples and paying down debt. Footy finals were the only bright spot in an otherwise glum September for spending, with...[Read More]
Melbourne, SE Qld lead way for new jobs figures
17 October
Parts of Victoria and Queensland are leading the charge for new jobs being created, figures show. Analysis of Australian Bureau of Statistics labour data show Melbourne and southeast Queensland had the greatest increase in employment in the year to...[Read More]