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Latest news: Economy

Labor notches win as time runs out on political year

Labor notches win as time runs out on political year

Labor has chalked up a last-minute legislative victory, with the Greens backing its housing scheme, as several MPs bid Canberra farewell.

Plug in, get paid: EV drivers to tap into batteries

Plug in, get paid: EV drivers to tap into batteries

Plug in, get paid: EV drivers to tap into batteries

Plug in, get paid: EV drivers to tap into batteries

Electric vehicle drivers could plug their cars into the electricity grid and earn money next year following a partnership between two manufacturers.

APEC leaders to open summit amid Trump uncertainty

APEC leaders to open summit amid Trump uncertainty

APEC leaders to open summit amid Trump uncertainty

APEC leaders to open summit amid Trump uncertainty

Major leaders are gathering in Peru for APEC, including outgoing US President Joe Biden as the return of his successor Donald Trump hangs over the forum.

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'Morons': Multi-faith condemnation over Myer protest

'Morons': Multi-faith condemnation over Myer protest

Multi-faith leaders have stood in solidarity against protesters planning to target a Christmas event, as the organiser insisted children were never a target.

Australia aims to bolster Pacific banking, labour visa

Australia aims to bolster Pacific banking, labour visa

The federal government is working on a solution to ensure a major bank maintains services in the Pacific while bolstering the integrity of financial systems.

New vehicle sales slow down as economy applies brakes

New vehicle sales slow down as economy applies brakes

New vehicle sales have fallen in Australia for the third month in a row, with sales figures revealing private buyers were most likely to drive on by.

Workers get $8k more bang for their buck in the bush

Workers get $8k more bang for their buck in the bush

The financial incentive to live in the city is dwindling for most workers - from doctors to truckies - as house prices soar, according to economic research.

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Labor banking on education plan to give it a clean run

Labor banking on education plan to give it a clean run

Labor banking on education plan to give it a clean run

Labor banking on education plan to give it a clean run

As federal MPs return to Canberra, the Labor government is hoping its education reforms will allow it to end the political year on a high ahead of the election.

Right wing surges, abortion resonating as US poll heats

Right wing surges, abortion resonating as US poll heats

Right wing surges, abortion resonating as US poll heats

Right wing surges, abortion resonating as US poll heats

Australia's political class appear stressed about US defence and trade relationships if Donald Trump scoops the presidency, which could also fire up the right.

Mosaic Brands enters voluntary administration

Mosaic Brands enters voluntary administration

Mosaic Brands enters voluntary administration

Mosaic Brands enters voluntary administration

The parent company of iconic clothing brands Rivers, Millers and Katies has entered voluntary administration.

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

Any further cost-of-living relief will need to be balanced carefully against budget constraints and economic circumstances, the federal treasurer says.

Nuclear and renewables at odds over power bill shock

Nuclear and renewables at odds over power bill shock

Nuclear and renewables at odds over power bill shock

Nuclear and renewables at odds over power bill shock

Two forums looking a nuclear power and renewable energy have been told contrasting views about their impact on power prices.

Women still face barriers to entering the tech industry

Women still face barriers to entering the tech industry

Women still face barriers to entering the tech industry

Women still face barriers to entering the tech industry

Australia's digital industry is crying out for female workers but research shows they are still finding it tough to get in the door.

US approves Australian Ioneer's Nevada lithium mine

US approves Australian Ioneer's Nevada lithium mine

US approves Australian Ioneer's Nevada lithium mine

US approves Australian Ioneer's Nevada lithium mine

The Biden administration has given the nod to an Australian lithium mine in Nevada despite concerns for a rare flower at the site.

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'No doubt' inflation is moderating: finance minister

Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.

Cost of living woes trump worker satisfaction

Eighty per cent of Australian employees are more concerned about living costs than being satisfied in their work.

Labour shortages still 'number one' concern: RBA

Firms are struggling to retain workers as activity from mining, infrastructure projects and even the 2032 Brisbane Olympics keeps demand for labour high.

It's not you: banking outages are taking longer to fix

Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.

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Hard-to-miss petrol pricing a 'proxy' for inflation

Households are constantly reminded of the price of filling up and the Reserve Bank says that's why petrol plays an outsized role in expectations for inflation.

Rental crisis is everywhere, dire for essential workers

The rental crisis is now in every community, as the nation's essential workers struggle to find affordable homes to rent and monthly dwelling approvals drop.

Supermarkets tight-lipped on Tim Tam price discrepancy

Australia's major supermarkets say their suppliers are being hit by inflation which is trickling through to prices at the checkout.

Green ideals meet hip-pocket pain as power prices surge

Young Australians are most likely to pay a premium to access renewable energy at home, a study has found, but high energy prices are turning off others.

Hybrid vehicles in fast lane, as petrol cars slow down

Australians are buying fewer new cars as the economy bites but hybrid vehicles are bucking the trend, sales figures have revealed.

Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

Pain at the pump, Australians hit by fuel price hikes

Australians in major capital cities are being exposed to higher fuel prices for longer, new data shows.

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