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.
Australian Economy
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.
Next indignity for Coles, Woolies
Woolies and Coles have copped heat on various fronts, including being sued by the ACCC, and now a class action lawyer says this should happen.
Huge change coming to pharmacy giant
There’s a big change coming to pharmacy giant Chemist Warehouse and it could save customers a lot of money.
Grim stat shows even rent out of reach
The housing market has produced a ‘national scandal’ where few rentals are affordable for the nurses, educators and construction workers.
Why Aussies are feeling inflation shock
Australia’s central bank has pointed to a theory as to why our high inflation feels like it is dragging on, and on, and on and on.
Bank’s big backflip on rates
An Australian bank has backflipped, hiking rates less than two weeks after offering the lowest fixed mortgages in the country.
‘Fiddling’: Surcharge crackdown lashed
A crackdown on card surcharges has been criticised as “fiddling around the edges while Rome burns”.
Grim call on Aussie job market
Aussies are being warned it might get harder to keep their jobs, as businesses look to reduce their headcount.
‘Dodgy’ tax act costing Aussies $16 billion
The Australian Taxation Office has issued a fresh warning to Aussie businesses using cash as a way of tax evasion.
ScoMo lands surprise new role
Former Prime Minister Scott Morrison has landed a surprise new role in Australia’s budding space industry.
Aussies brace for months of wild weather
Stronger cyclones, increased storm surges, and an early fire season are all headed for Australia in the coming months, with Aussies warned to get ready now.
Truth behind negative gearing ‘insanity’
This divisive Australian policy is costing us billions – and grim data has revealed just how nightmarish the situation has truly become.
Builder’s desperate act to survive
The building industry is suffering a decade-long ‘decimation’ that has ruined lives and left companies in disastrous debt.
Call for Aus to bring in Finnish speeding rule
Flat-rate speeding fines “criminalise poverty”, with Australian research making a bold call for an overhaul.
Aussies picking up items on side of road
The fresh research comes after 80 per cent of Aussie households reported experiencing cost of living pressure.
Sign we’re underestimating young Aussies
Gen Z is sometimes written off as a “live-for-the-day” generation, but a surprising new trend shows they’re a lot more savvy.
‘The country is f***ed’: CEO’s scathing rant
Australia ‘should be the richest country in the world’ but instead is ‘f**ked’, according to a CEO who has delivered a brutal verdict on the government’s failures.
Mega Aussie wind farm switched on
What’s set to be the biggest wind farm in the southern hemisphere has been switched on in country Victoria.
Major bank’s huge move on cash
One of Australia’s major banks has cut against the grain in the age of digital wallets and will no longer offer a key service, claiming declining interest.
Aussie shares rise on Wall St rebound
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
Aussie unis slide in global rankings
Australia’s top universities are sinking in world rankings and ‘reputation’ is a key factor.
Aussie shares sink on China stimulus gloom
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
Sign business spirits have lifted
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
RBA reveals outlook for next rate decision
The Reserve Bank is steadfast it will use the blunt tool of interest rates in any way necessary to get inflation down to its target range.
Calls for Boomers to end housing crisis
New research has called for Boomers to end the housing crisis as relief ‘is not in sight’, with the government urged to incentivise older Australians to step in.
Sign Aussie WFH dream is dead
Two more major multinationals have directed Australian staff to get back to the office, in the latest blow to work-from-home devotees.
‘Dark hole’: Big issue in rise of smart cars
The threat of foreign EVs being remotely controlled on Australian roads is unlikely, but the computers on wheels are still listening and watching everything we do.
200 new suburbs hit in house price chaos
Australia’s relentless house price growth has pushed a sweep of new suburbs into the million-dollar value club. Here are the new elite members.
What Aussies are doing with tax cut cash
New data has revealed households struggling with a cost-of-living crisis are banking the extra income from Labor’s stage three tax cuts.
Aussie shares fall on mining, Wall St wobble
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.
Big bank pays out $85m in car loan fiasco
One of Australia’s biggest banks has agreed to a whopping $85 million settlement over an alleged car loan fiasco.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/9