Coles backroom staff ordered back to office
Another major Australian corporation is ordering staff back into the office, in another sign the pandemic-era work from home norm is changing.
Australian Economy
Dutton’s backflip on tax cuts for rich
Opposition Leader Peter Dutton has appeared to shy away from a previous claim about tax cuts for high-paid Aussies.
‘Absolute joke’: Aussie lake officially renamed
The Victorian government is under fire for renaming a lake after an Indian religious figure without consulting local residents.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
Aussies’ surprising cost of living outlook
Aussie consumers and businesses are seeing through the high cost of living as sentiment and spending improve, new reports show.
ASX slides on China update
The ASX has dipped for the second consecutive day, giving back part of last-week’s post gains following the US presidential election.
Chalmers’ $900m challenge to states
The new $900m fund will pitch state against state in an effort to boost Australia’s sagging productivity levels.
Renegade union rally hits big city
CFMEU workers have rallied in Sydney against administration, even as the embattled union warned its members not to attend the march.
Senator’s big call after Trump win
Despite concerns tariffs mean higher prices at the checkout, an Australian senator wants our government to follow Trump’s economic lead.
China stimulus does little to lift ASX
The struggling Chinese economy has few rays of hope for Australian miners, as the big iron ore producers sink the ASX to a loss on Monday.
How Aussies can dodge Trump’s tariff threat
An expert in international relations has offered some blunt advice to Australian policymakers on how to avoid potentially damaging Trump tariffs.
Trump and Albanese are ‘perfect’ friends
Details of the first phone call between Prime Minister Anthony Albanese and future President Donald Trump have been revealed following the landmark US election.
Minister defends slashing student debt
The Federal Government has defended its new student loan discounts amid accusations of the policy being “elitist” and attempting to buy votes amid high inflation levels.
‘Record high’: Scary truth about Aussie jobs
Data has revealed the nation’s economy remains “uncomfortably reliant” one thing – and it could be setting us up for a major crash.
Big banks’ surprising mortgage call
Two of Australia’s big four banks say Aussies are finding a way to pay their mortgages despite cost-of-living pressures.
Trump to cost voters $2600
The cost of living is set to rise under the Trump administration if the newly elected President passes his tariffs plan on in full.
’Nowhere else’: Grim reality for Aussie farmers
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
Blow for Aussies after US cuts rates
The US Federal Reserve approved its second consecutive interest rate cut on Thursday night, though experts have some disappointing news for Aussies.
Dark sign in one state’s housing stress
A key housing indicator suggests more and more Australians in one big state are falling into dire financial stress.
‘Trump trades’ impact on Australia
A second Donald Trump presidency has pushed US share market and bitcoin to new highs, but it has had a surprising impact on the Australian dollar and exports.
Go ahead for $8.8bn Chemist Warehouse deal
Australia’s competition watchdog has made a huge decision on a proposed change to Chemist Warehouse that will affect millions of Aussie pharmacy customers.
‘Big concern’: RBA’s warning on Trump vow
The central bank says if incoming US President Donald Trump were to impose his promised tariff on China, there could be big consequences for Australia.
‘Challenging’: Big bank’s warning to Aussies
One of Australia’s biggest banks has warned of a “challenging” time for customers as it releases its full-year results.
Aussie shares surge on looming Trump shock
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
‘Consequences’: Australia’s Trump warning
Australia could face “consequences” if Donald Trump gets back into the White House, the Treasury chief says.
More bad news for Aussie workers
The Reserve Bank has more bad news for Australians, warning workers the job market is about to get tighter and wages growth to decline.
ASX falls as US election nerves take over
The Australian sharemarket slipped on Tuesday ahead of Wednesday’s seismic US Presidential election.
How Trump, Harris could hit Aussie markets
Australia’s future success is closely tied to who controls the White House. Here’s how a Kamala Harris or Donald Trump presidency could impact the ASX.
Aussie homes ‘teetering’ on financial ruin
About 1 in 2 Aussie households are “teetering” on the brink of financial ruin as higher for longer mortgage rates force more families out of the market.
Blow as first-home buyers shut out
New homeowners are struggling to get into the market, with the issue likely to continue for years to come.
Calls for new public holiday in Australia
Australia’s Indian community is renewing calls to add a new day to the country’s official public holidays.
Profit not a ‘dirty word’: Bunnings boss
The chairman of the retail giant that owns Bunnings and Kmart has defended big business and hit out at ‘political leaders of all persuasions’.
Major bank’s backflip on rates
Inflation figures have fallen to a three-year low, but the chances of the Reserve Bank cutting rates before Christmas have been revised.
‘Billions wasted’: Big call on Covid payments
Treasurer Jim Chalmers says “billions of dollars” were wasted in poorly targeted relief payments during the Covid-19 pandemic.
Nando’s Australia set to change forever
A popular fast-food chicken chain has just opened a new “elevated” dining experience as part of a company refresh to grow and capture more hungry Aussies.
Major Aussie fashion retailer goes bust
A major ASX-listed retailer that owns iconic brands such as Katies, Rivers and Millers has gone into voluntary administration.
Aussie dollar hits two-year low
A weaker than expected Aussie dollar and uncertainty around the US election led to a quiet trading day on Monday.
‘Cornered’: Election piles heat on RBA
The Queensland election result is set to widen the already yawning gulf between the government in Canberra and the RBA.
‘No free for all’: Jim’s message to Aussies
Treasurer Jim Chalmers says inflation has halved since Labor took office but more work needs to be done but Aussies doing it tough shouldn’t expect a cash splash.
Why Aussies are tracking this US flight
A highly anticipated first flight from Texas to a major Aussie city touches down on Monday morning and eager planespotters can watch all the action live.
State in top spot for first time in decade
A mining powerhouse is officially Australia’s best state in economic performance for the first time in 10 years.
China mistake that will hurt Aussies
Australia’s over-reliance on this trading partner will see our living standards fall within the next ten years, experts have warned.
Aussie’s bid to dominate music industry
Australia’s only ASX-listed music company holds plenty of ambition, taking on every element of the lucrative industry in a bid to reach 1 billion fans.
RBA boss’ $400k pay rise in cost crisis
The latest report from the Reserve Bank of Australia shows the major pay rise Michele Bullock received after she stepped into the top job.
Surprise surge in Aussie cash use
Amid rampant bank branch and ATM closures, new figures have revealed a surprising turn in the use of cash across Australia.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
Dutton’s nuclear plan savaged by probe
A worrying prediction has cast serious doubt over Peter Dutton’s nuclear energy plan, as a Labor-led parliamentary inquiry gets underway.
Bank staff ‘break in’ to help customers
As customers of banks were left high and dry in Broken Hill’s blackout, staff of the locally-owned bank went to extremes to help customers.
‘Backyards’: State’s wild bid for more homes
One state wants to make it easier to divide up blocks of land in a bid to boost housing supply by “unlocking land in people’s backyards”.
‘Concerning’ rise of convict-era disease
Once a hallmark of British slums and the migrant ships of centuries ago, scurvy cases are increasing because of the cost-of-living crisis.
Grim reality for female tradies laid bare
Australia has slim hopes of building the houses we desperately need if 10 per cent of female tradies keep being harassed out of the construction industry.
Aussie budget takes out bronze medal
Australia’s budget surplus is one of the best in the world, but it’s not all good news for the economy.
Lidia reveals oath snub to Queen’s ‘hairs’
Questions have been raised about whether Lidia Thorpe broke her oath to serve the Crown after her verbal spray at King Charles III.
‘Horrified’: Reactions to inflation warning
Australians are being urged to prepare for further financial pain after the International Monetary Fund issued a dismal prediction for next year.
Millions stung by illegal government fees
Aussies have lost an estimated $144m to illegal merchant levies, one state government has admitted.
Case for interest rate cut ‘getting stronger’
The Australian economy is growing at its slowest pace since the early 1990s, and a key group claims the RBA is focusing on the wrong thing to fix it.
Grumpy workers cost Australia $30bn
Frontline workers are costing Australia nearly $30 billion in lost productivity, with common workplace gripes to blame.
‘Luxury’ thing 1 in 4 Aussies are ditching
The cost of living crisis has caused millions of Australians to give up life’s little pleasures. Now, it seems friendships are next on the chopping block.
Doomsday graph every Aussie must view
Australia’s fertility rate has sunk to a record low. Experts say there’s a few reasons women are having less babies – and a controversial solution to the crisis.
Premier under fire for act before $5bn sale
The New South Wales Premier met with his friend of 20 years – a racing executive – for a ‘meet and greet’ shortly before a massive $5bn racetrack sell-off was announced.
RBA’s big call on 2024 rate cut
The RBA’s deputy governor Andrew Hauser has made a big call on the likelihood of a 2024 rate cut for Aussies.
‘Cost-of-living crisis is now behind us’
Treasurer Jim Chalmers has spoken about the moment he was most worried about the nation’s economy, and what the future will be like.
Mining giant cops huge $23.7bn disaster bill
Australia’s biggest mining company has agreed to a massive settlement with the Brazilian government over an environmental catastrophe.
Big call on Dutton’s $5bn housing plan
A bold multi-billion dollar plan by the Coalition to create up to 500,000 new homes has been welcomed by one of the country’s peak business bodies.
‘Failed too many’: Insurers lashed on floods
A parliamentary inquiry into the response of insurers to severe floods in several states in 2022 had let down many victims by failing to meet their obligations.
China spooks ASX from record high
The ASX 200 has fallen from a record high, as investors are disappointed with the economic growth of Australia’s largest trading partner.
Millions lose access to cash after bank move
The big four banks have rolled out a controversial change to the way Australians can access their hard-earned cash.
Dutton slammed for ‘professional whinging’
Prime Minister Anthony Albanese’s recent purchase of a $4.3m home has provoked a fiery outburst from a senior minister.
Unsettling fact about women’s savings
It’s well known that women earn less than men in Australia, but new research has shown there is also a disturbing gulf between the amount of money saved by each gender.
Sign Australia is getting back to ‘normal’
For the first time in 18 months, Aussies are feeling more optimistic about spending as cost-of-living pressures begin to ease.
‘Show me the proof’: Clash over Gina’s land
A cop has been praised for her measured response to a woman who claimed she had a “sovereign” right to camp on land owned by Gina Rinehart’s mining company.
ASX continues record breaking week
The ASX has closed at another record high this week, driven by stronger than expected Australian economic news.
Bad news for Aussie mortgage holders
The Australian economy has added tens of thousands of new jobs, reducing the likelihood of a rate cut in the coming months.
Don’t blame us for rental crisis: RBA
The RBA is shifting the blame for the rental crisis, saying Australia needs more of this to solve the issue.
Grim news for Aussies who want cash
It is getting harder and harder to use cash in Australia, as the latest data paints a tough picture for cash users and the older population.
How to solve Australia’s housing crisis
A leading business group says one thing needs to happen to solve Australia’s housing hell and you only have to look at one of our nearest neighbours for inspiration.
Overseas students’ 3-word Aus takedown
International students protesting recent visa changes say they fear they may be forced to return home, warning Australians “you need us”.
‘Record low’: Shock data reveals sad truth
Australia’s birth rate has fallen to its lowest level on record, while the number of babies born was the lowest since 2006.
210ha of town granted to Aboriginal owners
An Aboriginal group has been handed 210 hectares of freehold land in a tiny outback town, saying “words cannot describe” how important the moment is for them.
Tax deadline looms for millions of Aussies
Millions of Australians are being warned time is almost up to do their tax as they face the possibility of up to $1500 in fines.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/8