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Latest news: Economy

Rate cut hopes dim as power bill shock sparks inflation

Rate cut hopes dim as power bill shock sparks inflation

Borrowers hoping for a second straight interest rate cut have been dealt a blow after a surge in electricity prices drove inflation unexpectedly higher.

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Artificial intelligence may not be governed by a single, dedicated law in Australia but experts say changes to several existing laws could offer protection.

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

A slim majority of workers believe the government can be trusted to regulate artificial intelligence and most think it will augment rather than replace jobs.

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Liquid gas investment inflates Origin Energy's profit

Liquid gas investment inflates Origin Energy's profit

Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.

CommBank's record $10b profit could've been bigger: CEO

CommBank's record $10b profit could've been bigger: CEO

Commonwealth Bank could have delivered a better result than its $10 billion profit if it weren't positioning itself for AI revolution, its boss says.

Bright idea for businesses to power household bill cuts

Bright idea for businesses to power household bill cuts

Solar panels installed on commercial and industrial buildings could deliver savings to nearby residents in a trial proposed by a major energy firm.

Modi to visit China for first time in seven years

Modi to visit China for first time in seven years

Donald Trump's unpredictability appears to have helped China and India overcome their niggles, with Indian Prime Minister Narendra Modi planning a visit.

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Australia shouldn't try to reinvent the AI wheel

Australia shouldn't try to reinvent the AI wheel

Australia shouldn't try to reinvent the AI wheel

Australia shouldn't try to reinvent the AI wheel

Australian companies should boost productivity by using existing artificial intelligence tools rather than trying to create sovereign models, a US expert says.

House price growth spurt shows no signs of easing

House price growth spurt shows no signs of easing

House price growth spurt shows no signs of easing

House price growth spurt shows no signs of easing

Further interest rate cuts on the horizon have stirred the nation's housing market with prices rising for a sixth straight month alongside demand.

Jigsaw coming together for further interest rate relief

Jigsaw coming together for further interest rate relief

Jigsaw coming together for further interest rate relief

Jigsaw coming together for further interest rate relief

A soft inflation print and surprisingly strong retail sales paint a rosy picture of the Australian economy ahead of a key Reserve Bank rate meeting.

Rate cut looms as inflation result brings RBA 'comfort'

Rate cut looms as inflation result brings RBA 'comfort'

Rate cut looms as inflation result brings RBA 'comfort'

Rate cut looms as inflation result brings RBA 'comfort'

The Reserve Bank should have "all the comfort it needs" to cut interest rates again in August after underlying inflation fell to a three-and-a-half year low.

West is best economically as eastern states left behind

West is best economically as eastern states left behind

West is best economically as eastern states left behind

West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

House prices break records as rent unaffordably high

House prices break records as rent unaffordably high

House prices break records as rent unaffordably high

House prices break records as rent unaffordably high

Property prices have soared to record highs in most capital cities, prompting buyers to shift expectations amid increasing high rental prices.

Online shopping rebounds as rate cut talk opens wallets

Online shopping rebounds as rate cut talk opens wallets

Online shopping rebounds as rate cut talk opens wallets

Online shopping rebounds as rate cut talk opens wallets

Australians are spending more online as inflation eases and interest rate cuts seem more likely following a lean period, especially for some home-buyers.

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The 'critical' data that could greenlight next rate cut

Economists await key quarterly data that could put the odds firmly in favour of an August interest rate cut, as the Reserve Bank sheds light on its shock hold.

Four day week firms as win-win for workers and business

Cutting one day from the working week could reduce burnout and increase job satisfaction, a study has found, but it could also boost productivity.

Nation on notice as signs point to growing jobless rate

Australians are being warned about possible further rises in unemployment after a shock jobless rate jump that has strengthened the case to cut interest rates.

Home truths on housing target in leaked Treasury advice

Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.

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'Crisis': animal shelters struggling to survive

Animal shelters around Australia are struggling financially, battling to keep their doors open or dealing with long wait-lists for surrenders.

Surprise rate hold another blow for consumer confidence

Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.

Slow rate of cuts puts squeeze on business, households

Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.

Rubio to make first Asia trip as Trump unveils tariffs

The first visit to Asia by the Trump administration's top diplomat comes as the US president announces tariffs on America's key allies in the region.

Utes dominate vehicles sales and push BYD past Tesla

Australia's love affair with the ute has dominated new vehicle sales during June, but one hybrid model has had an unusual impact on Australia's auto market.

House prices creep higher as new building lags target

Falling interest rates and an ongoing housing shortfall are driving property prices higher, but affordability constraints will keep a lid on growth.

Pricier supermarkets sour on grocery cost survey

A consumer group has measured the cost of a basket of groceries nationwide but two supermarkets are pushing back against the findings.

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