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Latest news: Economy

RBA to sift through jobs data as world watches Hormuz

RBA to sift through jobs data as world watches Hormuz

The labour market will be top of the economic agenda in the coming week, while speaking engagements from central bank officials will be closely studied.

High-performance EVs and hatchbacks ready to steal show

High-performance EVs and hatchbacks ready to steal show

High-performance EVs and hatchbacks ready to steal show

High-performance EVs and hatchbacks ready to steal show

After smashing sales records in Australia, electric vehicles are expected to be in high demand at the largest motor show in the southern hemisphere.

Peter Dutton lands LNP-appointed investment gig

Peter Dutton lands LNP-appointed investment gig

Peter Dutton lands LNP-appointed investment gig

Peter Dutton lands LNP-appointed investment gig

Former opposition leader Peter Dutton has been appointed to a new role to bolster mining and defence investment in his home state.

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Israeli strikes put Iran war truce in further jeopardy

Israeli strikes put Iran war truce in further jeopardy

US President Donald Trump's fragile ceasefire is teetering as Israel continues it bombardment of Lebanon and Iran continues to blockade the Strait of Hormuz.

More firms risk failing than during COVID era: report

More firms risk failing than during COVID era: report

More Australian businesses are at risk of failure than at the height of the COVID-19 pandemic, as ongoing economic pressures continue to weigh on the economy.

Electric vehicle fee could throttle record adoption

Electric vehicle fee could throttle record adoption

A road user charge for electric vehicle drivers could stall record-breaking sales, a study has found, with households in outer suburbs the hardest hit.

Cyclone's impact set to push supermarket prices higher

Cyclone's impact set to push supermarket prices higher

Shoppers will pay more for fruit and vegetables in the nation's most isolated capital city after a tropical cyclone tore through a food bowl region.

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'Whole civilisation will die' if Iran doesn't make deal

'Whole civilisation will die' if Iran doesn't make deal

'Whole civilisation will die' if Iran doesn't make deal

'Whole civilisation will die' if Iran doesn't make deal

US President Donald Trump warns that a "whole civilisation will die tonight" if Iran doesn't capitulate to his deadline, while Tehran shows no sign of budging.

More records loom as fuel crunch turbocharges EV sales

More records loom as fuel crunch turbocharges EV sales

More records loom as fuel crunch turbocharges EV sales

More records loom as fuel crunch turbocharges EV sales

A record number of Australian motorists are buying electric vehicles in a trend automotive experts say could stick around even if fuel prices fall.

Australia turns to key partner to lock in fuel supply

Australia turns to key partner to lock in fuel supply

Australia turns to key partner to lock in fuel supply

Australia turns to key partner to lock in fuel supply

Australia will try to secure more fuel supply when Anthony Albanese jets off for talks with his Singaporean counterpart.

Consumer spending and confidence in the spotlight

Consumer spending and confidence in the spotlight

Consumer spending and confidence in the spotlight

Consumer spending and confidence in the spotlight

Analysts and governments will pore over latest economic data this week for more insight into the devastating impact of soaring fuel prices on the nation.

'Dog's breakfast': commuter fears over free transport

'Dog's breakfast': commuter fears over free transport

'Dog's breakfast': commuter fears over free transport

'Dog's breakfast': commuter fears over free transport

Regional residents are concerned temporary free public transport to offset fuel prices in one state will make finding a seat harder than ever.

RBA to air board's disagreement in meeting minutes

RBA to air board's disagreement in meeting minutes

RBA to air board's disagreement in meeting minutes

RBA to air board's disagreement in meeting minutes

Central bank watchers will get to peak into the Reserve Bank board room as minutes of a meeting that split 5-4 in favour of an interest rate hike are released.

Trump extends deadline for striking Iran's power plants

Trump extends deadline for striking Iran's power plants

Trump extends deadline for striking Iran's power plants

Trump extends deadline for striking Iran's power plants

President Donald Trump has delayed a threatened strike on Iran’s energy infrastructure until April 6, after Tehran rejected a US ceasefire plan.

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Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

Aussies could miss big payday due to basic AI skills

Millions of Australian workers are using artificial intelligence tools with only a basic understanding, and could boost their salaries with more training.

'Tales of two insolvencies': small business failures up

Credit-demand figures indicate business conditions have been headed south since before the US-Israeli war on Iran rocked global energy markets.

Upcoming inflation data to show calm before the storm

February consumer price data to be released on Wednesday will shape the Reserve Bank's thinking on interest rates ahead of a crucial meeting in May.

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Fuel tax cut urged to avoid fruit 'rotting on trees'

As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.

Interest rate hike 'no slam dunk' amid Iran uncertainty

Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.

Explosions in Tehran after Iran launches fresh strikes

Intense air strikes have landed around Tehran after a new wave of Iranian attacks in the region and President Donald Trump threatened Iran's "deranged" leaders.

World faces largest-ever oil disruption on Mideast war

A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.

Tankers burn as Iranian strikes defy Trump's 'victory'

Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.

'Significant spikes': servos to face huge gouging fines

Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.

'Perfect storm': fuel uncertainty threatens food prices

Australians could face higher prices beyond the petrol bowser as farmers warn fuel disruptions amid Middle East tensions could hit supermarket shelves.

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