economy
How a Trump presidency could affect Aussie produce
11 December
Australia’s red meat and wine sectors could cop the most heat from Donald Trump’s proposed tariffs on imports. Trump campaigned for the US presidency on introducing tariffs of between 10 to 20 per cent on products from other countries, along...[Read More]
Young families bear the brunt of cost-of-living crisis
11 December
Expenses for families with a child aged younger than five are 27 per cent higher than in 2021, according to research that shows they are suffering most from the cost-of-living crisis. While headline inflation has fallen to 2.8 per cent, daily...[Read More]
Wary Pacific awaits Trump stance on climate and China
11 December
Pacific island nations at the centre of a strategic rivalry between the US and China that brought infrastructure and funding hope president-elect Donald Trump stays engaged in the region but are wary of competition spilling into confrontation,...[Read More]
Carer, student, youth support payments set to grow
11 December
More than one million Australians will soon receive a hip-pocket bump as their support payments increase. From January 1, payments for young people, students, carers and others will be indexed to keep up with inflation. Jobseekers, students,...[Read More]
Economy yet to shake malaise as growth misses forecasts
4 December
Australia’s economy is still growing – but only just – though economists are unconvinced the weaker-than-expected data will bring forward keenly-anticipated interest rate cuts. Full-year growth fell to 0.8 per cent in September, down from one...[Read More]
Drivers hit the brakes on car buys as economy slows
4 December
Motorists’ need for speed is slowing down, with new car sales stalling in Australia for the fourth month in a row in what one industry expert called a “disturbing trend”. Vehicle sales declined by more than 10 per cent in November, according...[Read More]
China drops final trade blocks as beef back on the menu
4 December
China has dropped trade barriers for two Australian abattoirs, the final restrictions of a years-long dispute that impacted $20 billion of exports. Beijing gave the green light on Tuesday, having agreed to lift a ban on Australian rock lobster...[Read More]
Australia, Singapore work to boost defence base access
4 December
Australia and Singapore are working on increasing access to military facilities as the two nations deepen defence ties. The details of the co-operation will form part of an updated strategic agreement set to be signed in 2025. “This is a very...[Read More]
Christmas rate cut hopes slayed as inflation holds firm
27 November
Australia’s inflation rate may have undershot expectations to hold at the bottom of the central bank’s target band but borrowers should not expect interest rate cuts just yet. The annual headline inflation rate has held at 2.1 per cent in...[Read More]
Annual inflation rate hangs on at 2.1 per cent
27 November
Australia’s annual headline inflation rate has held at 2.1 per cent in October for a second month, coming in a little below expectations. Despite clocking a second month at the bottom of the Reserve Bank of Australia’s two-three per cent target...[Read More]
New routes to secure internet for Australia, Pacific
27 November
A high-tech subsea cable system with new landing points will securely pipe the highest possible volume of data from the United States, Australia and Asia. As well as setting the nation up to be a data warehouse for the region, the Australia Connect...[Read More]
‘Surprise’ budget windfalls drying up, economists warn
27 November
Australia is waving goodbye to budget surpluses and returning abruptly to deficit, facing a $49 billion deterioration in the bottom line as per forecasts from leading economists. The $15.8 billion surplus logged in the last financial year to...[Read More]
Thousands wiped off student debt in pre-Christmas gift
27 November
Millions of university graduates and students will soon wake up to an early Christmas present after the government wiped thousands of dollars off their debts. Laws to cap the indexation rate for the Higher Education Loan Program at either the rate...[Read More]
PM courts world leaders amid global inflation concerns
21 November
Prime Minister Anthony Albanese has concluded his latest round of world leader speed dating at a major economic forum with a spotlight on trade and climate. Mr Albanese met with Chinese President Xi Jinping and UK Prime Minister Keir Starmer on the...[Read More]
PM courts world leaders amid global inflation concerns
21 November
Prime Minister Anthony Albanese has concluded his latest round of world leader speed dating at a major economic forum with a spotlight on trade and climate. Mr Albanese met with Chinese President Xi Jinping and UK Prime Minister Keir Starmer on the...[Read More]