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Latest news: Economy

Trump says Musk will find billions in Pentagon waste

Trump says Musk will find billions in Pentagon waste

US President Donald Trump has flagged that his billionaire buddy Elon Musk will soon begin scrutinising the Pentagon for wasted taxpayer dollars.

Canada seeks stronger EU trade ties amid Trump threat

Canada seeks stronger EU trade ties amid Trump threat

Canada seeks stronger EU trade ties amid Trump threat

Canada seeks stronger EU trade ties amid Trump threat

The Canadian trade minister will head to Australia next week after seeking stronger trade ties with the European Union.

Bird flu case detected in Victoria's north

Bird flu case detected in Victoria's north

Bird flu case detected in Victoria's north

Bird flu case detected in Victoria's north

There has been a bird flu outbreak at a poultry farm in Victoria, days after the federal government announced it had eradicated the disease from Australia.

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Electric vehicle sales brake as car market slows again

Electric vehicle sales brake as car market slows again

Australians bought fewer new cars in January, with electric car sales more than halving despite growing price competition and new limits on vehicle emissions.

AI angst - workers fear bosses will prioritise profit

AI angst - workers fear bosses will prioritise profit

Australian workers are reluctant to embrace artificial intelligence, with fewer than one in three believing it will have a positive impact.

Belief firms in rate relief as inflation takes breather

Belief firms in rate relief as inflation takes breather

Markets and economists widely tip a February interest rate cut after underlying inflation came in below expectations for the December quarter.

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Treasurer Jim Chalmers remains confident 2025 will be better economically for Australians after struggles with the cost of living.

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Ballooning capital works blamed for budget blowout

Ballooning capital works blamed for budget blowout

Ballooning capital works blamed for budget blowout

Ballooning capital works blamed for budget blowout

A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.

Tax cuts not enough to sway voter economic worries

Tax cuts not enough to sway voter economic worries

Tax cuts not enough to sway voter economic worries

Tax cuts not enough to sway voter economic worries

The treasurer has brushed off polling showing voters are pessimistic about their finances despite cost-of-living relief measures.

Aussies' mammoth Xmas shopping despite economic crunch

Aussies' mammoth Xmas shopping despite economic crunch

Aussies' mammoth Xmas shopping despite economic crunch

Aussies' mammoth Xmas shopping despite economic crunch

A new record was set for Australia Post's busiest peak period during the latest festive season with 2800 parcels delivered to households every minute.

Home construction rises but target remains out of reach

Home construction rises but target remains out of reach

Home construction rises but target remains out of reach

Home construction rises but target remains out of reach

High costs, labour shortages and low productivity are limiting the sector's ability to build new homes as construction activity remains below required levels.

New Zealand inflation steady at 2.2 per cent

New Zealand inflation steady at 2.2 per cent

New Zealand inflation steady at 2.2 per cent

New Zealand inflation steady at 2.2 per cent

At 2.2 per cent, inflation remains inside the Reserve Bank of New Zealand's target band.

A decade past its due date, the NBN promises to deliver

A decade past its due date, the NBN promises to deliver

A decade past its due date, the NBN promises to deliver

A decade past its due date, the NBN promises to deliver

Removing copper connections from the National Broadband Network will come at a cost of more than $6 billion but tech experts say the move will be worth it.

Parents put kids' future on credit as school costs rise

Parents put kids' future on credit as school costs rise

Parents put kids' future on credit as school costs rise

Parents put kids' future on credit as school costs rise

Private schools are preparing to campaign for more money from the government as parents look for ways to keep up with rising education costs.

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Upgraded NBN could compete with Elon Musk's Starlink

Australia must expand its network if it wants to compete with Elon Musk's offering and provide affordable, reliable internet to the regions, an expert says.

Australia's bullet-proof jobs market put to the test

Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.

Parents shell out billions as back-to-school costs rise

Technology is a major factor in rising back-to-school costs as Australian teachers notice an increase in students without the essentials.

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

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Downturn in house values as 'something's got to give'

Australia's two most populous cities have signalled the beginning of a property downturn amid widening gaps between income, borrowing capacity and home values.

Stadium build continues despite $1 billion cost blowout

An independent expert has highlighted major concerns about the cost and location of a new AFL stadium but key decision-makers are maintaining their support.

'Best New Year's Eve ever' for most, but some trouble

One of the world's first celebrations of the new year reached new heights, with most enjoying their night, but some have larger troubles than just sore heads.

Housing woes and cost of living a re-run of 2004 poll

Costs at the cash register, aged-care reform and house prices were key concerns of John Howard's cabinet ahead of the 2004 election, documents show.

All ahead AI: fresh risk, different rules, new features

Generative AI tools have already changed the way Australians work, communicate and study. Experts say more changes are coming in 2025.

New French government named after budget fight collapse

French President Emmanuel Macron's office has announced a new cabinet line-up following months of political deadlock.

Canadian PM loses key ally, looks set to be booted

Canadian Prime Minister Justin Trudeau's leadership is in trouble after a key ally vowed to present a no-confidence motion.

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