VIPs enlist in fix-economy army
Visy chair Anthony Pratt, Herald & Weekly Times chair Penny Fowler and AFL CEO Andrew Dillon will form part of the newly established Victorian Premier’s Business Council.
Economics
RBA withdraws threat of another rate hike
The inflation dragon has not been slayed but pain relief for borrowers may come before next year’s federal poll.
ACTU demands action on rates, RBA ‘getting it wrong on jobs’
As Sally McManus heaps pressure on Michele Bullock to deliver relief, Australia’s top labour market expert warns the Reserve Bank is overestimating the strength of the country’s jobs market.
One in three Aussie jobs ‘at serious risk in AI revolution’
More than 30 per cent of the workforce could be disrupted by the rapid uptake of artificial intelligence over the next five years without policy intervention, a new report warns.
Weaker growth paves way for a February rate cut
Weaker than expected economic growth has triggered a reassessment in financial markets of the likely timing of the Reserve Bank starting to ease monetary policy.
ACTU to turn heat up on RBA’s Bullock
RBA governor Michele Bullock is set to stare down growing demands for interest rate relief, as the union movement on Monday will move to ratchet up pressure on the central bank which remains at the back of pack in the global rush to cut rates.
Dutton about-face on migration pledge
Dumping plans to cut the net overseas migration intake to 160,000, the Opposition Leader said the Coalition would instead unveil the key element of its pitch to voters after the election.
Financial stress on rise as high costs continue
An onslaught of higher housing payments coupled with more expensive essentials is driving more Australians to find ways to pay down debt and make their money go further.
Anger over chaotic overhaul of Austrade export grant scheme
A revamp of a federal grant scheme for Australian exporters faces the threat of legal action over claims the new system represents a breach of ‘procedural fairness’.
Chalmers’ big chance to build firepower into RBA
As the Reserve Bank of Australia prepares to move forward under a new dual-board structure from early next year, there’s far more at stake than meets the eye.
EDO’s foreign funders undermine Australia’s economy
The Environmental Defenders Office is using foreign funding to harm Australia’s economy, undermine Indigenous communities, and pursue controversial green agendas.
How retail surge, ‘Wong factor’ complicate RBA rate decision
The recent boom in retail sales will complicate the RBA’s rate decision on Tuesday and longer-term, Foreign Minister Penny Wong’s reckless UN stance could also have an impact.
Public sector jobs still booming
The booming growth in government-aligned jobs continued in the September quarter, underpinning the nation’s bumper employment gains but dragging on productivity growth.
Victoria’s plan to stop Tassie green power push
The days could be numbered for the little-known regulatory quirk that has given a boost to Victorian power customers at Tasmania’s expense.
No rate cut expected but will RBA soften its tone?
The Reserve Bank is widely expected to keep interest rates on hold after next week’s board meeting, but should acknowledge that the Australian economy is weaker than expected.
Pain point: The #1 concern for small business
The focus of small business concerns is shifting ahead of a make or break Christmas trading period.
Rate cuts to fire starter’s gun on 2025 retail rebound
Deloitte says recent strong retail trade and improving sconsumer sentiment should unleash a substantial rise in household spending in the new year.
Wesfarmers’ plan to take Anko to the world stage
A generational shift is well under way at Rob Scott’s retailing conglomerate, Wesfarmers, and this opens opportunities for the breakout Anko brand.
Let’s put all tax reform ideas on the table, says teal MP
Increases to the GST, taxes on super and the abolition of negative gearing should be up for discussion, independent MP Allegra Spender says.
No cash splash in MYEFO: Chalmers
Some experts say additional government expenditure would not be sustainable and threatens to keep interest rates higher for longer.
Original URL: https://www.theaustralian.com.au/business/economics/page/6