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Latest news: Economy

Study reveals why Peter Dutton lost the last election

Study reveals why Peter Dutton lost the last election

A study has revealed Labor had inched ahead of the coalition on a key measure which handed Anthony Albanese a historic majority in federal parliament.

Dire housing affordability widening the wealth divide

Dire housing affordability widening the wealth divide

Dire housing affordability widening the wealth divide

Dire housing affordability widening the wealth divide

An extraordinary rise in demand combined with constrained supply has created a boom in Australian home values and rents over the past five years.

Invest or lose: Australia's billion-dollar AI warning

Invest or lose: Australia's billion-dollar AI warning

Invest or lose: Australia's billion-dollar AI warning

Invest or lose: Australia's billion-dollar AI warning

Australia could squander billions of dollars in growth over the next decade if it fails to invest in homegrown artificial intelligence technology and talent.

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Cost pressures sideline children from organised sports

Cost pressures sideline children from organised sports

Children are missing out on participating in summer sporting competitions as families struggle to afford expensive registration fees and sports equipment.

Businesses thunderstruck as AC/DC shows boost spending

Businesses thunderstruck as AC/DC shows boost spending

Australians are opening their wallets as major music acts including Lady Gaga, Metallica and AC/DC help energise the economy.

RBA bigwig reveals how economy can escape slow lane

RBA bigwig reveals how economy can escape slow lane

The Australian economy's spare capacity will be key to deciding how many times the Reserve Bank can cut interest rates, a senior official says.

Shares pare early losses but linger at five-week lows

Shares pare early losses but linger at five-week lows

A storm of local and global headwinds are blowing against the local bourse, which has fallen for six of the last seven sessions.

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Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Some households will get free access to electricity for three hours a day but questions have been raised about unintended consequences from the plan.

Protests and price drops: mining giant faces challenges

Protests and price drops: mining giant faces challenges

Protests and price drops: mining giant faces challenges

Protests and price drops: mining giant faces challenges

Protesters have disrupted a meeting held by one of Australia's largest coal mining companies but bigger challenges could come from global price fluctuations.

Pre-Christmas rate relief dashed after inflation spike

Pre-Christmas rate relief dashed after inflation spike

Pre-Christmas rate relief dashed after inflation spike

Pre-Christmas rate relief dashed after inflation spike

All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.

Luminary wants brave choices to halt Australia's slide

Luminary wants brave choices to halt Australia's slide

Luminary wants brave choices to halt Australia's slide

Luminary wants brave choices to halt Australia's slide

A former Reserve Bank governor has called for courageous decisions from Australia's leaders on the nation's budget, economy and strategic interests.

Creatives celebrate copyright protection from AI mining

Creatives celebrate copyright protection from AI mining

Creatives celebrate copyright protection from AI mining

Creatives celebrate copyright protection from AI mining

Labor's decision to rule out a controversial change to copyright laws that would allow AI models to scrape creative work for free has been widely supported.

AI guidance refresh as industry awaits national plan

AI guidance refresh as industry awaits national plan

AI guidance refresh as industry awaits national plan

AI guidance refresh as industry awaits national plan

Industry figures welcome news a national AI plan will be released before the end of the year, saying uncertainty on regulation spooks potential investors.

Australia falling behind as experts call for AI urgency

Australia falling behind as experts call for AI urgency

Australia falling behind as experts call for AI urgency

Australia falling behind as experts call for AI urgency

The juice will be worth the squeeze for workers and businesses if Australia quickly and carefully forges on with artificial intelligence, industry figures say.

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Peru's President Boluarte ousted as crime grips nation

Lawmakers have voted to impeach Peruvian President Dina Boluarte amid widespread anger over a crime wave gripping the South American nation.

Right-winger set to be Japan's first female premier

Japan’s ruling party has elected hardline conservative Sanae Takaichi as its new leader, making her likely to become the country’s first female prime minister.

Housing scheme will level the playing field: PM

First-home buyers can now get government help with their mortgage deposit but analysts are concerned the policy could push up property prices.

Stokes rides towards sunset after rags-to-riches career

At age 85, Kerry Stokes might finally be ready to call it a day, bringing to an end one of Australian media's most eventful careers.

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Bank's big rate call after 'ugly' inflation print

A big four bank has pushed back its forecast for the next Reserve Bank rate cut after Australia's headline inflation rate jumped in August.

PM to recognise Palestine at UN, awaits Trump meeting

Anthony Albanese is off on a whirlwind trip during which he will recognise Palestine's statehood at the UN and potentially meet with US President Donald Trump.

Creative types say give us a tax break, for art's sake

Tax breaks on concert tickets and subsidies for printing books in Australia are among suggestions to lift the struggling arts sector from the fiscal doldrums.

Anthony Albanese dodges power bill price drop guarantee

The prime minister has declined to guarantee cheaper power bills for households under Australia's climate target, as experts say prices would remain stable.

Check your modem: millions to get free broadband boost

Almost one in every three NBN users will see their internet speed rise in the coming days but experts are warning consumers to check their hardware.

Test for Australia after World Court's climate reset

Now that the dust has settled on the World Court's landmark advisory opinion on climate, the young Pacific leaders behind it are mapping out next moves.

Workers call for more involvement in AI adoption

Employers will need to invest in AI training and education, Reserve Bank governor Michele Bullock says, as workers replaced by the tech call for more support.

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