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Latest news: Economy

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

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

Stadium build continues despite $1 billion cost blowout

Stadium build continues despite $1 billion cost blowout

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

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

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

'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.

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

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

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

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 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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Mining export slump puts federal budget in the doldrums

Mining export slump puts federal budget in the doldrums

Mining export slump puts federal budget in the doldrums

Mining export slump puts federal budget in the doldrums

Economic headwinds from China has sparked a major downgrade to Australia's budget position, limiting the government's ability to support struggling households.

Borrowing blowout tipped in mid-year budget update

Borrowing blowout tipped in mid-year budget update

Borrowing blowout tipped in mid-year budget update

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

Festive frenzy: Christmas deliveries take climate toll

Festive frenzy: Christmas deliveries take climate toll

Festive frenzy: Christmas deliveries take climate toll

Festive frenzy: Christmas deliveries take climate toll

Australia's thirst for online shopping is keeping posties busy in the lead up to Christmas, but the impact is being felt on the environment and local traders.

PM rubbishes Dutton's nuclear energy plan as 'farcical'

PM rubbishes Dutton's nuclear energy plan as 'farcical'

PM rubbishes Dutton's nuclear energy plan as 'farcical'

PM rubbishes Dutton's nuclear energy plan as 'farcical'

Anthony Albanese has poured scorn on Peter Dutton's "farcical" nuclear plan and questioned the Liberal leader's claim it would lead to cheaper energy.

Multi-billion dollar price tag revealed to go nuclear

Multi-billion dollar price tag revealed to go nuclear

Multi-billion dollar price tag revealed to go nuclear

Multi-billion dollar price tag revealed to go nuclear

The federal opposition would make taxpayers fork out the combined equivalent of Facebook founder Mark Zuckerberg's wealth to set up nuclear reactors.

Bank chief doubts trade-war risk will cancel Christmas

Bank chief doubts trade-war risk will cancel Christmas

Bank chief doubts trade-war risk will cancel Christmas

Bank chief doubts trade-war risk will cancel Christmas

The Ghost of Christmas Yet to Come has visited the RBA deputy, revealing little chance of the global economy plunging into another Depression.

AI used to target election fraud and criminal deepfakes

AI used to target election fraud and criminal deepfakes

AI used to target election fraud and criminal deepfakes

AI used to target election fraud and criminal deepfakes

Government agencies are teaming up with Microsoft to track disinformation and criminal acts, with plans to use AI to detect attempts to interfere in elections.

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Wanted: one million Aussies, Kiwis to learn AI skills

Microsoft wants to train at least one million Australians and New Zealanders in how to use AI tools over the next two years as part of a worldwide push.

Young families bear the brunt of cost-of-living crisis

Calls are mounting for government relief from high childcare fees as analysis shows young families are struggling most from rising living costs.

Economy yet to shake malaise as growth misses forecasts

The Australian economy is growing slowly with government support, with energy rebates effectively transferring household spending to the public purse.

Drivers hit the brakes on car buys as economy slows

New vehicle sales continue to slow down in Australia, in what industry experts say is a 'disturbing trend' and a sign the cost of living is biting.

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Deals on the bus go down, down: transport costs plunge

Transport costs have fallen for Australian households, a report shows, led by public transport discounts and falling fuel prices.

Thirty licences to open a cafe: state red tape ranked

Australian business must work through a patchwork of regulations wherever they operate, but requirements in some states are more onerous than in others.

Building data nailed but future framework doubts linger

Home building approvals have broken a two-year ceiling but industry groups warn it's not enough to meet a target of 1.2 million homes by 2029.

Hint of consumer recovery to keep RBA focused on prices

Australia's retail sales enjoyed a boost from an early start to Black Friday discounting and recovering bank balances following tax cuts.

Call to boost Aussie research funds as review launches

A study of Australian research investments has been welcomed by business, academic and technology groups, but some say more urgent action is needed.

Australia needs an AI law to stop copyright ‘pirates’

Artificial intelligence tools, including chatbots from Google, Amazon and OpenAI, need to be regulated by law in Australia, an inquiry recommends.

PM promises to leave 'nothing on the field' at election

As federal parliament draws to a close for the year, Anthony Albanese remains optimistic Labor will be back in a majority government after the next election.

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