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The Latest News from economy, business and finance

Weak start, stronger finish tipped for property in 2025

Weak start, stronger finish tipped for property in 2025

Australia's property market is entering 2025 in a downturn and while interest rate cuts should boost demand, any home price growth rebound is tipped to be mild.

Movie ticket sales slide in 2024, down three per cent

Movie ticket sales slide in 2024, down three per cent

Movie ticket sales slide in 2024, down three per cent

Movie ticket sales slide in 2024, down three per cent

US movie ticket sales slipped more than three per cent in 2024, according to estimates from Comscore.

Hope for end to wage theft as laws come into force

Hope for end to wage theft as laws come into force

Hope for end to wage theft as laws come into force

Hope for end to wage theft as laws come into force

Criminal penalties for employers who deliberately underpay workers have come into effect, with hopes they will deter bosses from engaging in the practice.

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Consumers taking charge: energy saving tips for 2025

Consumers taking charge: energy saving tips for 2025

Power-hungry appliances are draining the wallets of cash-strapped Aussies, experts warn, but there are ways consumers can take charge in 2025.

Rate cuts on horizon in mixed 2025 for the economy

Rate cuts on horizon in mixed 2025 for the economy

Borrowers can expect cashflow relief from interest rate cuts in 2025, yet a further deterioration in the jobs market will also start to be felt.

Risk or reward: mandatory climate reporting to begin

Risk or reward: mandatory climate reporting to begin

The start of mandatory reporting on climate risks for large companies and financial institutions is expected to bring challenges for entire supply chains.

New year changes to boost payments and career options

New year changes to boost payments and career options

Employers who underpay staff will be committing a criminal offence in 2025, while more than a million Australians will see changes to government payments.

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Loyalty penalty costing power customers, warns ACCC

Loyalty penalty costing power customers, warns ACCC

Loyalty penalty costing power customers, warns ACCC

Loyalty penalty costing power customers, warns ACCC

Energy consumers are paying more than they should be and the consumer watchdog wants households to force providers to compete harder by shopping around.

Drivers urged to 'shop around' as petrol prices surge

Drivers urged to 'shop around' as petrol prices surge

Drivers urged to 'shop around' as petrol prices surge

Drivers urged to 'shop around' as petrol prices surge

Australians are facing headaches at the petrol bowser and a national body has called for an investigation as costs surge in capital cities.

Short trips, cheaper grub: tight budgets change travel

Short trips, cheaper grub: tight budgets change travel

Short trips, cheaper grub: tight budgets change travel

Short trips, cheaper grub: tight budgets change travel

Australians are still travelling but patterns are changing to reflect tougher financial conditions with many taking shorter trips closer to home.

Verdict on how to prevent 'carbon leakage', save jobs

Verdict on how to prevent 'carbon leakage', save jobs

Verdict on how to prevent 'carbon leakage', save jobs

Verdict on how to prevent 'carbon leakage', save jobs

Summer reading for the federal government includes a report recommending a targeted carbon border adjustment mechanism to safeguard jobs in heavy industries.

Distracted shoppers easy patsies for attentive scammers

Distracted shoppers easy patsies for attentive scammers

Distracted shoppers easy patsies for attentive scammers

Distracted shoppers easy patsies for attentive scammers

Australians are being urged to think before they click, with scammers targeting distracted online shoppers during the busy festive sales period.

RBA says rate cuts coming soon, IMF warns on inflation

RBA says rate cuts coming soon, IMF warns on inflation

RBA says rate cuts coming soon, IMF warns on inflation

RBA says rate cuts coming soon, IMF warns on inflation

The Reserve Bank's interest rate settings are appropriate but the battle against inflation is not yet won, a check-up of Australia's economic health has found.

Foxtel sale a game changer for sports fans, industry

Foxtel sale a game changer for sports fans, industry

Foxtel sale a game changer for sports fans, industry

Foxtel sale a game changer for sports fans, industry

The $3.4 billion sale of Foxtel Group to British streaming behemoth DAZN is being called a landmark for Australian sports broadcasting.

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Consumers stung by costs of 'radical' energy transition

A senate inquiry finds a lack of transparency in energy decisions has left consumers carrying the costs of system change and struggling to pay power bills.

Worker shortage risks transport, green energy rollout

Australia's building sector is plagued by poor work conditions and stagnant productivity, impeding the transport and energy projects the nation needs to grow.

Watching for doves in Reserve Bank's Christmas reveal

A dovish tilt was detected in the Reserve Bank's last post-meeting comments, so traders will hope for more traces of an upcoming rate cut in its board minutes.

ANZ chief executive forfeits $1.5m bonus after outcry

The CEO of a big-four bank has forfeited a bonus worth $1.5 million after a backlash from shareholders upset about poor behaviour in its trading rooms.

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Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

Long flight to justice ends for sacked Qantas workers

The end of a protracted legal battle is being welcomed by workers illegally sacked by Qantas as they turn to rebuilding their lives after four years.

Deficits dig deeper holes as cracks appear in budget

Australia is on track for a soft economic landing despite budget deficits set to widen as spending grows and tax receipts fall, Treasurer Jim Chalmers says.

Crackdown on tobacco research, phoenixing boosts budget

Policy decisions will result in a $17.5 billion deterioration of the federal books, even as tax crackdowns boost revenue, a mid-year budget update predicts.

Super concessions take biggest bite from the budget

Cost-of-living relief measures are off the table in the mid-year budget update, as a tax expenditure list shows the type of deductions that cost the most.

Firms risk watchdog attack over dodgy ads during sales

Businesses are being warned against using misleading advertising ahead of a major sales period, as the consumer watchdog found a number of concerning practices.

Scams lawsuit sends a message to Australia's banks

The corporate cop has put the nation's banks on notice after filing a civil case against HSBC Australia over its alleged failure to stop $23 million in scams.

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