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Latest news: Economy

Calls for law as AI rogues plunder Australian creatives

Calls for law as AI rogues plunder Australian creatives

One actor's voice was cloned after producers cancelled his contract while another's was used in a pornographic ad without her consent, an AI inquiry has heard.

Financial worries still weighing on consumer mood

Financial worries still weighing on consumer mood

Financial worries still weighing on consumer mood

Financial worries still weighing on consumer mood

High inflation continues to frustrate households, keeping consumer confidence in the doldrums and Labor struggling to maintain favour with voters.

Online shopping spree despite cost-of-living crisis

Online shopping spree despite cost-of-living crisis

Online shopping spree despite cost-of-living crisis

Online shopping spree despite cost-of-living crisis

Australians are still turning to online retail therapy despite household spending slowing due to cost-of-living pressures.

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Preschool teachers push for pay, parents get fee relief

Preschool teachers push for pay, parents get fee relief

While preschool teachers argue for more pay, the NSW government is talking up subsidies as it tries to boost enrolments in a sector struggling for staff.

Demography is destiny: Tassie plan to boost population

Demography is destiny: Tassie plan to boost population

Tasmania has unveiled a smorgasbord of incentives to retain and entice young people to live in the island state as it grapples with an ageing population.

Wanted: 200,000 Aussies to design, deploy and sell AI

Wanted: 200,000 Aussies to design, deploy and sell AI

Artificial intelligence technology will create 200,000 jobs in Australia by the end of the decade, a report has found, amid calls for greater training.

Premier to pocket $500,000 as MPs handed pay bump

Premier to pocket $500,000 as MPs handed pay bump

Victorian MPs have been awarded a 3.5 per cent salary bump, pushing Premier Jacinta Allan's annual pay package close to half a million dollars.

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Nine to cull 200 jobs in latest mass media lay-offs

Nine to cull 200 jobs in latest mass media lay-offs

Nine to cull 200 jobs in latest mass media lay-offs

Nine to cull 200 jobs in latest mass media lay-offs

The publisher of The Sydney Morning Herald and The Age plans to trim its staff by about four per cent after Meta declined to renew a lucrative content deal.

'Whole series of data' before next rates call: RBA

'Whole series of data' before next rates call: RBA

'Whole series of data' before next rates call: RBA

'Whole series of data' before next rates call: RBA

The Reserve Bank's outlook on inflation is little changed and more data is needed to build a fuller picture of the economy, the deputy governor says.

'Painful squeeze': inflation spike renews heat on rates

'Painful squeeze': inflation spike renews heat on rates

'Painful squeeze': inflation spike renews heat on rates

'Painful squeeze': inflation spike renews heat on rates

Surprisingly strong inflation has resurrected the possibility of another interest rate hike in an unsettling development for squeezed borrowers.

Aldi stores help keep prices down at Coles, Woolworths

Aldi stores help keep prices down at Coles, Woolworths

Aldi stores help keep prices down at Coles, Woolworths

Aldi stores help keep prices down at Coles, Woolworths

Research from consumer group Choice has revealed customers are paying $17 less for groceries on average at Aldi compared to major supermarkets.

Experts struggle to crack mystery new bird-flu outbreak

Experts struggle to crack mystery new bird-flu outbreak

Experts struggle to crack mystery new bird-flu outbreak

Experts struggle to crack mystery new bird-flu outbreak

Australia does not do enough to protect its biosecurity, an expert has warned as authorities work overtime to contain the spread of bird flu in two states.

Female AI workforce grows but few women climbing ladder

Female AI workforce grows but few women climbing ladder

Female AI workforce grows but few women climbing ladder

Female AI workforce grows but few women climbing ladder

Artificial intelligence is growing its female workforce but the number of women thins higher up the ladder, prompting calls for more equitable training.

Chinese Premier Li Qiang arrives in Australia

Chinese Premier Li Qiang arrives in Australia

Chinese Premier Li Qiang arrives in Australia

Chinese Premier Li Qiang arrives in Australia

Li Qiang, second only to President Xi Jinping in the Chinese pecking order, has arrived in Adelaide on the first trip to Australia by a premier in seven years.

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PM warned not to pander to China as premier visits

Australian concerns must be kept front of mind, the federal opposition says, as the prime minister prepares to welcome China's second-in-command.

Chinese premier to visit Australia for four-day tour

Li Qiang will be the first Chinese premier to visit Australia for seven years when he makes an official trip to Canberra, Adelaide and Perth.

Accounting error blow to budget as sales counted twice

The NSW government has been dealt a $1 billion blow ahead of its second budget after the discovery of an accounting error going back years.

Aussies spend big on cars but choose fuel-saving models

Australian drivers bought a record number of new vehicles in May, with many choosing to reduce their fuel costs by choosing hybrid and electric models.

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Brisvegas is second most expensive after Emerald City

Brisbane is now the second most expensive city to buy a house, leapfrogging the nation's capital Canberra to sit behind Sydney for the first time since 1997.

Why Google is recruiting Aussies for AI breakthroughs

Some of Google's most promising artificial intelligence projects are happening in Australia, the firm's research boss says, and the results could change lives.

Discussions ongoing to reduce airport train travel cost

Discussions to reduce fares on privately-operated trains to Brisbane airport are underway but won't drop to 50c during a public transport trial in Queensland.

All eyes on inflation data for clues to next rates move

Inflation numbers due this week will capture the attention of financial markets as the central bank continues to weigh the effectiveness of its rate hikes.

Wages supported by cost-of-living measures: employers

Employer groups are arguing the government's cost-of-living relief should be taken into account for any boost to the minimum wage for the lowest paid workers.

Workers taking on second jobs as cost pressures build

The soaring cost of living is leading to more Australians staying in their job or taking on additional work, according to fresh job data.

Slower US consumer price growth boosts rate cut hopes

Expectations for an interest rate cut in 2024 have been given a boost by US consumer prices increasing less than expected in April.

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