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Latest news: Economy

Fuel tax cut urged to avoid fruit 'rotting on trees'

Fuel tax cut urged to avoid fruit 'rotting on trees'

As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.

Interest rate hike 'no slam dunk' amid Iran uncertainty

Interest rate hike 'no slam dunk' amid Iran uncertainty

Interest rate hike 'no slam dunk' amid Iran uncertainty

Interest rate hike 'no slam dunk' amid Iran uncertainty

Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.

Explosions in Tehran after Iran launches fresh strikes

Explosions in Tehran after Iran launches fresh strikes

Explosions in Tehran after Iran launches fresh strikes

Explosions in Tehran after Iran launches fresh strikes

Intense air strikes have landed around Tehran after a new wave of Iranian attacks in the region and President Donald Trump threatened Iran's "deranged" leaders.

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World faces largest-ever oil disruption on Mideast war

World faces largest-ever oil disruption on Mideast war

A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.

'Significant spikes': servos to face huge gouging fines

'Significant spikes': servos to face huge gouging fines

Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.

'Perfect storm': fuel uncertainty threatens food prices

'Perfect storm': fuel uncertainty threatens food prices

Australians could face higher prices beyond the petrol bowser as farmers warn fuel disruptions amid Middle East tensions could hit supermarket shelves.

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Gender equality 'crossroads' shows growing friction

Gender equality 'crossroads' shows growing friction

Gender equality 'crossroads' shows growing friction

Gender equality 'crossroads' shows growing friction

Australia is at a critical juncture on gender equality, with many believing efforts have gone far enough while analysis shows there's still work to be done.

Major cities flounder in ‘two-speed’ housing market

Major cities flounder in ‘two-speed’ housing market

Major cities flounder in ‘two-speed’ housing market

Major cities flounder in ‘two-speed’ housing market

Home prices are flat-lining in Australia's biggest cities and surging elsewhere as new national data tells a tale of two housing markets.

Latest data under spotlight as pressure builds on rates

Latest data under spotlight as pressure builds on rates

Latest data under spotlight as pressure builds on rates

Latest data under spotlight as pressure builds on rates

Fresh economic figures will be scrutinised by the Reserve Bank of Australia as it assesses the nation's economy before a key meeting on interest rates.

Renewables growth energises spending as inflation rises

Renewables growth energises spending as inflation rises

Renewables growth energises spending as inflation rises

Renewables growth energises spending as inflation rises

Capital expenditure has been rising fast in Australia as the treasurer warns stubborn inflation will mean savings are needed in the budget.

Young women giving up on home ownership as costs rise

Young women giving up on home ownership as costs rise

Young women giving up on home ownership as costs rise

Young women giving up on home ownership as costs rise

Young people, particularly women, are turning their backs on home ownership as up-front and ongoing costs combined with other pressures put it out of reach.

Trump hails ‘golden age’ as US voters sour on economy

Trump hails ‘golden age’ as US voters sour on economy

Trump hails ‘golden age’ as US voters sour on economy

Trump hails ‘golden age’ as US voters sour on economy

Donald Trump has broken the record for longest State of the Union speech as he claimed the US is “winning” under his leadership, even as his poll ratings slide.

Premier polishes pitch to lure Trump to Australia

Premier polishes pitch to lure Trump to Australia

Premier polishes pitch to lure Trump to Australia

Premier polishes pitch to lure Trump to Australia

A premier is bidding to bring the United States president to Australia, claiming his state has something Donald Trump wants and needs.

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Regions beckon as young Aussies rethink city life

Almost half of Australians aged 18 to 29 are considering leaving cities for the regions, driven by the cost of living, work opportunities and lifestyle factors.

Private demand under the microscope after rate hike

Fresh data will reveal whether the strong momentum in private spending, which spurred the Reserve Bank to lift interest rates, has continued into 2026.

Reserve Bank boss calls on businesses to invest smarter

Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.

Petrol, diesel cars slow while hybrids, EVs speed up

Australians are buying fewer cars that use fossil fuels alone as they shift allegiance to low-emission hybrid and electric models.

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Why some economists go against the flow on RBA rate bet

The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.

Households could get paid under plan to price pollution

Australia could raise $35 billion a year by putting a price on pollution and help households and businesses by sharing the revenue, a report has found.

Aussie dollar breaks barrier as greenback loses shine

Australians travelling to the US are celebrating after the dollar broke through a key mark against the greenback for the first since early 2023.

Rate rise pain all but certain after inflation shock

Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.

Former politicians prosper in Australia Day honours

For their service to educational equity, economic development and public health, ex-politicians have been bestowed some of the nation's highest honours.

All eyes on crucial data ahead of first RBA meeting

Home owners will wait with baited breath for the Reserve Bank of Australia to hand down its cash rate decision after the release of inflation figures.

Capital city rents hit record highs apart from one

All but one Australian capital has yielded annual growth in rents, but experts expect that city to be a star performer in the long-term.

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