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Latest news: Economy

Proposal to tighten 'inadequate' foreign bribery laws

Proposal to tighten 'inadequate' foreign bribery laws

Federal Attorney-General Mark Dreyfus has proposed fixing Australia's "grossly inadequate" foreign bribery laws to increase deterrents and punishments.

Steep rate rises cleared for NSW councils

Steep rate rises cleared for NSW councils

Steep rate rises cleared for NSW councils

Steep rate rises cleared for NSW councils

Some NSW councils will be able to increase rates this year by more than a third as many local governments struggle with financial pressures.

Executives' pay more than double the rate of inflation

Executives' pay more than double the rate of inflation

Executives' pay more than double the rate of inflation

Executives' pay more than double the rate of inflation

Australian executives had pay rises amounting to more than double the rate of inflation in the past year due to a tight job market at the top end of town.

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Renewables relief deal to help curb power price surges

Renewables relief deal to help curb power price surges

The promise of cheaper energy bills in the future could be too late for many Australian households concerned about powering their homes this winter.

Inflation-beating pay rises can't be widespread: RBA

Inflation-beating pay rises can't be widespread: RBA

RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.

Drier conditions to drive down agricultural production

Drier conditions to drive down agricultural production

Winter crop production is expected to fall more than 30 per cent this year, the agency responsible for agricultural science and economic research warns.

Vic debt to top $305b in a decade, budget office warns

Vic debt to top $305b in a decade, budget office warns

The independent Parliamentary Budget Office has predicted Victoria's net debt will hit $305 billion if a government repayment plan is not implemented.

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Consumers warned high price of fresh food here to stay

Consumers warned high price of fresh food here to stay

Consumers warned high price of fresh food here to stay

Consumers warned high price of fresh food here to stay

Fresh food suppliers say the high cost of energy and labour and the impact of supply chain disruptions is keeping fresh produce prices high for consumers.

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