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The Latest News from economy

Third executive heads for the door at Fortescue Metals

Third executive heads for the door at Fortescue Metals

A former RBA deputy governor has become the third exec to quit mining giant Fortescue in the space of a week but says it's unrelated to the other departures.

Almost half of elite athletes 'earn below poverty line'

Almost half of elite athletes 'earn below poverty line'

Almost half of elite athletes 'earn below poverty line'

Almost half of elite athletes 'earn below poverty line'

Australia risks an exodus of top athletes ahead of the Olympics as many buckle under financial pressures and consider quitting, survey results show.

No penalties for areas that resist high-density housing

No penalties for areas that resist high-density housing

No penalties for areas that resist high-density housing

No penalties for areas that resist high-density housing

The NSW government is pushing for inner-Sydney areas to take more new homes as a report highlights the cost to taxpayers of building in outer suburbs.

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Tax on the frontline as calls grow for bolder reform

Tax on the frontline as calls grow for bolder reform

Independent MP Allegra Spender has promised to keep tax reform front and centre of the national debate, accusing the major parties of playing politics.

Company profits raise concerns over living costs

Company profits raise concerns over living costs

Hefty profits reported this week by a trio of major Australian companies, including Qantas, are feeding into public debate about the rising cost of living.

Hundreds of billions of dollars at risk as nation warms

Hundreds of billions of dollars at risk as nation warms

A landmark report exploring Australia's future over the next four decades paints a bleak picture for workers, farmers and rural communities as the nation warms.

Five areas earmarked to boost living standards, wages

Five areas earmarked to boost living standards, wages

Treasurer Jim Chalmers says Australia is one of the nations best-placed to respond to global economic headwinds, given the strength of its labour market.

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Treasurer issues challenge over offshore gas tax change

Treasurer issues challenge over offshore gas tax change

Treasurer issues challenge over offshore gas tax change

Treasurer issues challenge over offshore gas tax change

The treasurer has challenged the opposition and the Greens to pass new laws taxing offshore gas companies and bringing forward revenue to boost the budget.

Hard decisions to be made as Australian population ages

Hard decisions to be made as Australian population ages

Hard decisions to be made as Australian population ages

Hard decisions to be made as Australian population ages

The federal government's upcoming Intergenerational Report will show Australians will live longer, healthier lives even as demand for care services soars.

Major parties to face pressure on tackling tax reform

Major parties to face pressure on tackling tax reform

Major parties to face pressure on tackling tax reform

Major parties to face pressure on tackling tax reform

Australians facing a cost-of-living crisis want to see tax reform but an independent senator says major parties are unwilling to have the conversation.

Report to shine light on future economic shifts

Report to shine light on future economic shifts

Report to shine light on future economic shifts

Report to shine light on future economic shifts

Treasurer Jim Chalmers will soon release the government's response to the latest Intergenerational Report, a guide for Australia's future economic outlook.

Australia's answer to Silicon Valley are tech clusters

Australia's answer to Silicon Valley are tech clusters

Australia's answer to Silicon Valley are tech clusters

Australia's answer to Silicon Valley are tech clusters

Top tech innovators are scattered through 96 "tech clusters", a report reveals, including four major hubs expected to create the jobs of tomorrow.

Bitter news for beer lovers as tax hits pints and kegs

Bitter news for beer lovers as tax hits pints and kegs

Bitter news for beer lovers as tax hits pints and kegs

Bitter news for beer lovers as tax hits pints and kegs

Australia has the third highest beer tax on the world and brewers want the federal government to stop the "out of control" increases.

Stubborn inflation hangs over challenging rates call

Stubborn inflation hangs over challenging rates call

Stubborn inflation hangs over challenging rates call

Stubborn inflation hangs over challenging rates call

The end of the interest rate hikes may be in sight but the next cash rate call won't be an easy decision, with high inflation proving hard to knock over.

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Women, young people wanted to fill 70,000 rail jobs gap

Australia will need thousands more people working on rail over the next five years, with people holding digital skills, women and young workers in high demand.

Cooling inflation could keep interest rates on ice

A solid slowdown in the inflation rate could be enough to convince the Reserve Bank to keep interest rates on hold for a second consecutive month.

Tenants whacked with biggest rent hike in 35 years

The rental market is recording solid price increases as demand for housing outstrips supply in most parts of Australia.

Budget's $20b sugar hit won't be shared with households

Households dealing with cost-of-living pressures are unlikely to get any extra relief despite a budget surplus shaping up to be much larger than forecast.

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Aussies live longer and prosper but face money worries

Life expectancy and job satisfaction in Australia have improved but a report tracking the nation's wellbeing was less positive on other key measures.

Chalmers meets with Chinese counterpart at G20 summit

Treasurer Jim Chalmers has met with his Chinese counterpart Liu Kun, further thawing the diplomatic freeze and stabilising the two nations' relationship.

Coalition to target 'Albo-nomics' after Fadden win

Following an LNP win in a Queensland by-election, Deputy Liberal leader Sussan Ley will spearhead a coalition attack on Labor's economic management.

Australia's trade surplus swells to $11.8 billion

Another strong month for commodity exports has fed into a robust period for Australia's international trade.

Porter Davis creditor talks fail to answer debt queries

Representatives of hundreds of creditors owed millions of dollars by builder Porter Davis have met liquidators for an update on getting their money back.

Wider screening for rare health conditions in babies

Newborns will be tested for a wider range of rare health conditions in a promised overhaul that also seeks to iron out differences in screening between states.

Minimum wage not enough to get by: Anglicare

A full-time minimum wage worker has $57 left after essential weekly expenses, according to a new report by Anglicare Australia.

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