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Latest news: Economy

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.

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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

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

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

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

Upgraded NBN could compete with Elon Musk's Starlink

Upgraded NBN could compete with Elon Musk's Starlink

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

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

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

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

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

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

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

Early rate-cut hopes alive as core inflation eases

Early rate-cut hopes alive as core inflation eases

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.

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

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

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

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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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

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

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'

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

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

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

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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