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Latest news: Economy

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.

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.

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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'

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

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

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

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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.

Wanted: one million Aussies, Kiwis to learn AI skills

Wanted: one million Aussies, Kiwis to learn AI skills

Wanted: one million Aussies, Kiwis to learn AI skills

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

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

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

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

Economy yet to shake malaise as growth misses forecasts

Economy yet to shake malaise as growth misses forecasts

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

Drivers hit the brakes on car buys as economy slows

Drivers hit the brakes on car buys as economy slows

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.

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

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

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

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

Thirty licences to open a cafe: state red tape ranked

Thirty licences to open a cafe: state red tape ranked

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.

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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.

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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.

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

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

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.

'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

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

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