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Latest news: Economy

Budgets running on fumes as car costs outpace inflation

Budgets running on fumes as car costs outpace inflation

Transport is becoming an even bigger household expense, with research showing costs grew by more than 10 per cent over the past year.

Buyer beware goes out the door in rush to secure a home

Buyer beware goes out the door in rush to secure a home

Buyer beware goes out the door in rush to secure a home

Buyer beware goes out the door in rush to secure a home

Building and pest inspections are being abandoned by desperate property buyers challenged by high prices and scarcity of homes on the market.

Price cuts may recharge Aussie electric vehicle market

Price cuts may recharge Aussie electric vehicle market

Price cuts may recharge Aussie electric vehicle market

Price cuts may recharge Aussie electric vehicle market

Some of Australia's biggest electric vehicle brands have cut the price of their models, with one setting a record cost for low-emission cars.

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Door swings shut on rate rise following inflation data

Door swings shut on rate rise following inflation data

Australia's inflation rate has clocked its first annual increase in 18 months but borrowers can breath easy as it was unlikely to trigger another rate hike.

Industry calls for $3b fund to clean dirty big trucks

Industry calls for $3b fund to clean dirty big trucks

A big investment will be needed to put more heavy-duty electric trucks on the road, an industry group says, as well as changes to support cleaner fuel.

Pivotal inflation print to set scene for rates call

Pivotal inflation print to set scene for rates call

Eyes will be fixed on quarterly inflation data which could land hot enough to trigger a rate hike at a time when other advanced economies are talking cuts.

Baby drought as house prices push parents out of cities

Baby drought as house prices push parents out of cities

Australians are having less babies and the fertility plunge is being blamed on high housing costs with analysis showing parents are being pushed to the fringes.

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Calls for law as AI rogues plunder Australian creatives

Calls for law as AI rogues plunder Australian creatives

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.

Preschool teachers push for pay, parents get fee relief

Preschool teachers push for pay, parents get fee relief

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

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

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

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

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

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

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

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

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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

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

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.

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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