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Latest news: Economy

Trump touts victories amid sinking approval ratings

Trump touts victories amid sinking approval ratings

US President Donald Trump has delivered a partisan speech on TV seeking to pin the blame for economic challenges on Democrats.

Dodgy darts more prevalent than legal cigs in Australia

Dodgy darts more prevalent than legal cigs in Australia

Dodgy darts more prevalent than legal cigs in Australia

Dodgy darts more prevalent than legal cigs in Australia

Illicit tobacco is blowing a hole in Australian lungs and the federal budget, with up to $11.8 billion in foregone revenue each year due to excessive excises.

Six figures or out: income needed for typical rental

Six figures or out: income needed for typical rental

Six figures or out: income needed for typical rental

Six figures or out: income needed for typical rental

To be able to afford rent for a typical house, Australians need to be earning 51 per cent more than they did before the pandemic.

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'Difficult decision' on energy bill relief payments

'Difficult decision' on energy bill relief payments

Australian households and businesses are going to miss out on further energy bill relief, after a decision was made for the rebate to finish by the year's end.

Budgets blow out as health and interest payments boom

Budgets blow out as health and interest payments boom

Worsening budget sustainability has been confirmed by an independent parliamentary report that forecasts overall government debt to continue swelling.

Call to examine 'perverse' excise fuelling illegal cigs

Call to examine 'perverse' excise fuelling illegal cigs

Nationals leader David Littleproud says parliament needs to take a "courageous look" at the tobacco excise amid a surge in black market sales.

Nearly two in five Aussies fear retirement out of reach

Nearly two in five Aussies fear retirement out of reach

A startling number of Australians are worried about their retirement prospects, and many fear they won't be able to retire at all, according to a study.

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Shoppers tap credit to fund record Black Friday sales

Shoppers tap credit to fund record Black Friday sales

Shoppers tap credit to fund record Black Friday sales

Shoppers tap credit to fund record Black Friday sales

Despite inflation pummelling hopes of more interest rate cuts, Australians are spending as much as ever in major sales and increasingly using debt to do so.

'Ruthless' state plan to capitalise on AI revolution

'Ruthless' state plan to capitalise on AI revolution

'Ruthless' state plan to capitalise on AI revolution

'Ruthless' state plan to capitalise on AI revolution

A state has hatched an plan to reap the economic benefits of the looming boom in artificial intelligence.

Inflation surges as energy rebates run out of gas

Inflation surges as energy rebates run out of gas

Inflation surges as energy rebates run out of gas

Inflation surges as energy rebates run out of gas

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.

Study reveals why Peter Dutton lost the last election

Study reveals why Peter Dutton lost the last election

Study reveals why Peter Dutton lost the last election

Study reveals why Peter Dutton lost the last election

A study has revealed Labor had inched ahead of the coalition on a key measure which handed Anthony Albanese a historic majority in federal parliament.

Dire housing affordability widening the wealth divide

Dire housing affordability widening the wealth divide

Dire housing affordability widening the wealth divide

Dire housing affordability widening the wealth divide

An extraordinary rise in demand combined with constrained supply has created a boom in Australian home values and rents over the past five years.

Invest or lose: Australia's billion-dollar AI warning

Invest or lose: Australia's billion-dollar AI warning

Invest or lose: Australia's billion-dollar AI warning

Invest or lose: Australia's billion-dollar AI warning

Australia could squander billions of dollars in growth over the next decade if it fails to invest in homegrown artificial intelligence technology and talent.

Cost pressures sideline children from organised sports

Cost pressures sideline children from organised sports

Cost pressures sideline children from organised sports

Cost pressures sideline children from organised sports

Children are missing out on participating in summer sporting competitions as families struggle to afford expensive registration fees and sports equipment.

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Businesses thunderstruck as AC/DC shows boost spending

Australians are opening their wallets as major music acts including Lady Gaga, Metallica and AC/DC help energise the economy.

RBA bigwig reveals how economy can escape slow lane

The Australian economy's spare capacity will be key to deciding how many times the Reserve Bank can cut interest rates, a senior official says.

Shares pare early losses but linger at five-week lows

A storm of local and global headwinds are blowing against the local bourse, which has fallen for six of the last seven sessions.

Fears 'free' electricity could come with hidden costs

Some households will get free access to electricity for three hours a day but questions have been raised about unintended consequences from the plan.

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Protests and price drops: mining giant faces challenges

Protesters have disrupted a meeting held by one of Australia's largest coal mining companies but bigger challenges could come from global price fluctuations.

Pre-Christmas rate relief dashed after inflation spike

All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.

Luminary wants brave choices to halt Australia's slide

A former Reserve Bank governor has called for courageous decisions from Australia's leaders on the nation's budget, economy and strategic interests.

Creatives celebrate copyright protection from AI mining

Labor's decision to rule out a controversial change to copyright laws that would allow AI models to scrape creative work for free has been widely supported.

AI guidance refresh as industry awaits national plan

Industry figures welcome news a national AI plan will be released before the end of the year, saying uncertainty on regulation spooks potential investors.

Australia falling behind as experts call for AI urgency

The juice will be worth the squeeze for workers and businesses if Australia quickly and carefully forges on with artificial intelligence, industry figures say.

Peru's President Boluarte ousted as crime grips nation

Lawmakers have voted to impeach Peruvian President Dina Boluarte amid widespread anger over a crime wave gripping the South American nation.

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