Alarming reason living standards could fall
A leading forecaster predicts “the harm to living standards could be deep”, as global economic growth halts on the back of trade tensions.
Australian Economy
Big four bank announces interest-rate cut
In good news for borrowers, a big four bank has slashed variable interest rates as competition between lenders heats up.
Huge update for iconic fashion brand
An iconic Aussie fashion business with a 100-year history is set to avoid collapse in a breakthrough deal.
Bank predicts bad news for homeowners
Struggling mortgage holders may have to wait a little longer for interest rate relief, a big four bank’s economist warns.
‘Harm’: Mind-boggling amount lost on pokies
One state has a legislative mandate to “minimise harm” from gaming machines, but a troubling new report shows it is failing to protect punters.
3000 patients hit by shock collapse
Aged care and disability services provider Annecto is shutting down after 70 years in business, putting the care of more than 3000 people in limbo.
Aussie women bearing brunt of crisis
Aussie women are bearing the brunt of the nation’s cost of living crisis and putting their own financial futures at stake to keep households afloat.
US retail giant opens new Aussie store
One of the world’s biggest retailers is opening a new, dedicated store in Australia.
‘No end in sight:’ Housing crisis 91% worse
Hundreds of thousands of households in a major mining state believe their housing situation to be unaffordable, a troubling new report has found.
One thing keeping Aussies awake at night
Australians are more worried about their jobs, the family finances and the broader Australian economy due to the US President Donald Trump’s tariff policy.
6000 jobs at risk as smelter nears collapse
Rio Tinto’s mammoth Tomago aluminium smelter is reportedly close to collapse, putting some 6000 jobs at risk.
New record in Australia’s housing crisis
Australia’s housing market is on the rise, with a million dollars no longer enough to get you into the average home, official figures show.
‘It’s a genuine emergency’: Sydney is cooked
A new report suggests the Harbour City now “stands alone” in the cost of housing, a mark one expert says “can’t go on”.
Major Aussie trucking company goes under
A third-generation family company employing about 300 staff is due to close after nearly 80 years in the business.
Inside key meeting to remove Trump tariffs
Australia’s Trade Minister said he had a “friendly” meeting with US Trade Representative Jamieson Greer when the pair met in Paris last week.
Australia laughing all the way to the bank
New data reveals Australia’s beef exports are hitting record numbers as China and the US hoover up our products amid the trade war.
Reason Aussies are working multiple jobs
A trend that started after the Covid pandemic is continuing, with a huge number of Australians taking on multiple roles to deal with the cost of living.
State’s $28m AI plan revealed
Company workers aren’t the only ones facing an AI tidal wave, with one state announcing a new $28m drive to embed the tech revolution into its public sector.
‘First time since 2003’: Huge US beef move
A change to the long-standing ban on US beef could be used as a sweetner in tariff talks with Donald Trump’s administration this month.
When Aussies will get faster internet
The NBN is upgrading its internet speeds to propel Australia into a new age of streaming and there are some key things to do right now to prepare.
‘Scandalous’: Uber wealthy Aussies get richer
The children of Australia’s ultra-rich are set to inherit their fortunes as the wealth of the country’s richest people outpaces economic growth.
What it costs to save Aussie steel industry
A booming mining and defence state has delivered a surplus budget just nine months before voters head back to the polls, spending big on a key steel plant.
‘Underwhelming’: Aussies cautious spenders
Australians remain cautious with their money, with only a slight bump in spending in April despite two long weekends in a row.
Hard working family’s warning to all Aussies
A hard working family has been pushed to the brink, and their struggle has a impact on all Australians and the lifestyle they now enjoy.
Big paydays for new fashion giant bosses
A big Aussie fashion retailer has just appointed its new chief executive, with promises of multimillion-dollar pay cheques if he meets targets.
Huge move to stop airport taxi rip-offs
One state will consider setting a maximum rate on taxi fares to and from the airport in a bid to stop $100 taxi rip-offs.
‘Unusual’ thing happening to Aus dollar: RBA
The Reserve Bank has noticed that the Australian dollar isn’t behaving in the way it normally does during times of global uncertainty.
Dire sign for Aussie economy
Forecasts for growth in the Australian economy have been downgraded by a major international body, with the OECD urging more action on housing.
RBA’s worst case scenario revealed
The fallout from US President Donald Trump’s tariffs could have a severe impact on the Australian economy, worst-case modelling from the RBA reveals.
‘Sombre picture’: Bleak forecast for economy
Australia’s economy is showing more signs of weakening ahead of GDP figures being released on Wednesday.
Original URL: https://www.news.com.au/finance/economy/australian-economy