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Latest news: Economy

Supermarkets told to pass on savings at the checkout

Supermarkets told to pass on savings at the checkout

Supermarkets have been told to pass on savings as calls echo for the consumer watchdog to launch an inquiry into their behaviour.

Cost of living relief on table but cash handouts vetoed

Cost of living relief on table but cash handouts vetoed

Cost of living relief on table but cash handouts vetoed

Cost of living relief on table but cash handouts vetoed

Finely-tuned government assistance could be on its way for households struggling under cost of living pressures, the prime minister says.

NZ government axes $7b in projects as forecasts worsen

NZ government axes $7b in projects as forecasts worsen

NZ government axes $7b in projects as forecasts worsen

NZ government axes $7b in projects as forecasts worsen

New Zealand Finance Minister Nicola Willis says the previous government were "economic and fiscal vandals", revealing a worsening set of economic forecasts.

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Transport costs accelerate by more than $900 a year

Transport costs accelerate by more than $900 a year

Households in some parts of Australia are paying more than $27,000 a year for transport after costs in the industry rose again.

White collar staff among first to face AI wave: report

White collar staff among first to face AI wave: report

Professions likely to feel the early impact of artificial intelligence have been identified by a report that warns training must adapt to fit the technology.

Chalmers open to talks with states on GST

Chalmers open to talks with states on GST

Ahead of a treasurers' meeting, Jim Chalmers says he will work with the states to ensure they get a fair share of goods and services tax revenue.

Carnival Australia shuns big city port over fee hike

Carnival Australia shuns big city port over fee hike

Popular Carnival Australia lines Princess Cruises and Cunard will no longer sail from Melbourne in 2025-26 because of a jump in port fees and charges.

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Shoppers spend big on Black Friday sales

Shoppers spend big on Black Friday sales

Shoppers spend big on Black Friday sales

Shoppers spend big on Black Friday sales

Australians are tipped to spend more than $6 billion on Black Friday bargains, providing a boost to retailers grappling with a slow year of sales.

End of the road trip: Aussies drive less to save fuel

End of the road trip: Aussies drive less to save fuel

End of the road trip: Aussies drive less to save fuel

End of the road trip: Aussies drive less to save fuel

Seven in every 10 Australian motorists are driving less to avoid rising fuel prices, a new survey shows, amid widespread support for new standards.

Australia's rental market woes go from bad to worse

Australia's rental market woes go from bad to worse

Australia's rental market woes go from bad to worse

Australia's rental market woes go from bad to worse

Regional areas in the Sunshine State are now the most unaffordable places for renters to live, as affordable housing concerns spread beyond capital cities.

More pain for borrowers as big banks pass on rate hike

More pain for borrowers as big banks pass on rate hike

More pain for borrowers as big banks pass on rate hike

More pain for borrowers as big banks pass on rate hike

Three of Australia's biggest banks have hiked interest rates in response to the Reserve Bank's latest cash rate increase.

Photo finish looms for Melbourne Cup interest rate call

Photo finish looms for Melbourne Cup interest rate call

Photo finish looms for Melbourne Cup interest rate call

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

Strong competition as Vic economy ranked nation's best

Strong competition as Vic economy ranked nation's best

Strong competition as Vic economy ranked nation's best

Strong competition as Vic economy ranked nation's best

Economic activity, retail spending and business investment has catapulted Victoria to best performing economy in the nation but it faces stiff competition.

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.

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Xi warns against China decoupling, lauds Belt and Road

Russia's Vladimir Putin was prominent at a Beijing forum where President Xi Jinping criticised Western efforts to reduce dependence on the Chinese economy.

Broadband in the boondocks delivers big jobs boost

Households in regional and remote areas are benefiting most from faster broadband, which is also creating more jobs, according to a report.

B-word missing in NT chief's speech on economic future

The NT chief minister has talked up the Top End as a "large part of the answer" to some of Australia's biggest economic issues in a major speech on its future.

Price-setting 'missing' in the inflation story: Fels

Former competition watchdog chair Allan Fels is scrutinising the connection between corporate price setting and profits and current high inflation.

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Public sector reforms may spell budget blues for NSW

NSW Treasurer Daniel Mookhey's budget figures could be in jeopardy, with interest rate rises impacting inflation in the year ahead.

MG3 hatchback takes out 'cheapest car to run' title

A large SUV can cost almost twice as much as a compact car to run, while people movers and all-terrain vehicles are the most expensive, a new study shows.

'Intolerable' housing crisis is costing Sydney billions

Housing unaffordability in Sydney is second only to Hong Kong, says a think tank boss who warns it is costing the city billions of dollars in lost productivity.

Horticulture and sugar hit give crop production a boost

The latest agricultural commodities and crop forecast shows the sector remains strong despite drier times ahead, with exports tipped to fall after record years.

Third executive heads for the door at Fortescue Metals

A former RBA deputy governor has become the third exec to quit mining giant Fortescue in the space of a week but says it's unrelated to the other departures.

Almost half of elite athletes 'earn below poverty line'

Australia risks an exodus of top athletes ahead of the Olympics as many buckle under financial pressures and consider quitting, survey results show.

No penalties for areas that resist high-density housing

The NSW government is pushing for inner-Sydney areas to take more new homes as a report highlights the cost to taxpayers of building in outer suburbs.

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