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Latest news: Economy

Tuning out: party ends for a third of music festivals

Tuning out: party ends for a third of music festivals

A landmark report into Australia's live music festival sector has revealed at least one in three events lose money.

Cattle prices to soar but steaks shouldn't cost more

Cattle prices to soar but steaks shouldn't cost more

Cattle prices to soar but steaks shouldn't cost more

Cattle prices to soar but steaks shouldn't cost more

Analysts say cattle prices are set to soar over the next two years but the cost of beef in the supermarket may not break the bank.

Musicians singing the blues in an underpaid industry

Musicians singing the blues in an underpaid industry

Musicians singing the blues in an underpaid industry

Musicians singing the blues in an underpaid industry

As the nation's live music sector struggles to bounce back post-pandemic, a survey has revealed the extent to which musicians are being short-changed.

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Wage review should consider tax cuts: retail bosses

Wage review should consider tax cuts: retail bosses

The retail sector wants the workplace umpire to be more conservative as it considers the size of the next annual pay rise for millions of low-paid workers.

Armaguard seeks new talks after $26m deal rejected

Armaguard seeks new talks after $26m deal rejected

Armaguard is still keen to negotiate a cash injection from some of the nation's biggest banks and retailers after rejecting a $26 million deal.

Armaguard rejects deal, Coles resumes cash deliveries

Armaguard rejects deal, Coles resumes cash deliveries

Lindsay Fox's Linfox will pump millions of dollars into Armaguard, after concerns about the currency delivery business prompted Coles to pause cash orders.

Households struggle in face of increasing grocery costs

Households struggle in face of increasing grocery costs

Australians are feeling the pinch from "sharp increases" in living costs amid rising grocery prices, a national consumer survey shows.

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Amazon plans to recruit 'a handful' of small businesses

Amazon plans to recruit 'a handful' of small businesses

Amazon plans to recruit 'a handful' of small businesses

Amazon plans to recruit 'a handful' of small businesses

US retail giant Amazon has revealed plans to expand its delivery network in Sydney, Melbourne and Brisbane using local small businesses.

Farmland value doubles in a decade but fewer sales

Farmland value doubles in a decade but fewer sales

Farmland value doubles in a decade but fewer sales

Farmland value doubles in a decade but fewer sales

Australian farmland has more than doubled in price per hectare during the past decade, according to the latest data from ABARES.

Australian Bitcoin buffs say 'bull run' just beginning

Australian Bitcoin buffs say 'bull run' just beginning

Australian Bitcoin buffs say 'bull run' just beginning

Australian Bitcoin buffs say 'bull run' just beginning

Australian cryptocurrency enthusiasts are confident "it's a brand new world" after Bitcoin hit the highest price in its 15-year history.

Some green shoots ahead for agricultural production

Some green shoots ahead for agricultural production

Some green shoots ahead for agricultural production

Some green shoots ahead for agricultural production

Agricultural production is expected to rebound slightly for 2024/25 following predicted falls of 15 per cent to $80 billion for 2023/24.

Australian broadband to get a speed boost, but slowly

Australian broadband to get a speed boost, but slowly

Australian broadband to get a speed boost, but slowly

Australian broadband to get a speed boost, but slowly

More than nine million households and businesses could get a significant boost to their broadband connection later in 2024 following fibre upgrades.

Focus on Australia's role in SE Asia's food security

Focus on Australia's role in SE Asia's food security

Focus on Australia's role in SE Asia's food security

Focus on Australia's role in SE Asia's food security

A parliamentary committee will examine the role Australian agriculture has to play in the Southeast Asian market, and how it can support food security.

'Crisis' as eating disorders cost Australia $67 billion

'Crisis' as eating disorders cost Australia $67 billion

'Crisis' as eating disorders cost Australia $67 billion

'Crisis' as eating disorders cost Australia $67 billion

The Butterfly Foundation is calling on the Australian government to commit to annual funding to combat eating disorders as the cost of them grows.

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University student safety watchdog set for 2025 entry

A new student ombudsman who will be able to handle complaints about how universities respond to sexual assault and other issues is slated to start in 2025.

Qld premier announces $570m battery industry strategy

Premier Steven Miles says he is confident Queensland's battery market will excel on the world stage after announcing a $570 million investment.

Treasury eyes 'rare' full employment opportunity

No evidence of a wage price spiral suggests the jobless rate can stay lower than previously thought sustainable, says the top Treasury official.

Future of animals on live export ship still unknown

The fate of about 16,000 livestock being offloaded near Perth is still being decided, a senate hearing has been told.

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Economy 'not dying' but firms ready for tough times

The business sector is losing some steam and dipped into below-average conditions for the first time in two years, even as consumers regained some optimism.

Urgent changes needed to support women in STEM jobs

A new report recommends changes to support more diversity in science, engineering and technology jobs, as the industry fails to embrace change.

Stamp duty costs climb as home buyers struggle to save

Market analysis has revealed the rising cost of stamp duty on property purchases - and its impact on people trying to break into the housing market.

Education revolution urged to boost reading skills

A public policy think tank wants governments to commit to a six-step "reading guarantee" or risk leaving children behind.

Coalition 'cannot be taken seriously' on tax, PM claims

The prime minister says the federal opposition cannot be taken seriously after agreeing to back in stage three tax cut changes following earlier criticism.

Mining the past opens future prospects for outback city

The closure of an outback mine that birthed an Australian titan is seen by locals as an opportunity to forge a brighter future for the city and its industry.

Home lending sinks but a stronger 2024 on the horizon

New home loan activity has dipped after a promising few months but improving economic conditions should pave the way for a better 2024.

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