Treasurer hoses down talk of big budget handouts
The Reserve Bank governor was only talking about hypotheticals when saying extra government spending makes it harder to control inflation, the treasurer argues.
Economy, Business and Finance
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Electric car sales surge ahead amid fuel uncertainty
Australian drivers have broken the record for electric car sales again, as petrol and diesel-powered vehicle sales stall.
Big bank warns of recession risk as uncertainty lingers
The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
‘Downside risks’: warning as state debt edges to $200b
A $200 billion state budget debt bomb remains live and ticking as a long-time Labor government favours cost-of-living measures for struggling families.
central bank
diesel fuel
economy, business and finance
interest rate
mortgages
petrol
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real estate
Third RBA rate hike might not be the end for borrowers
Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.
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inflation and deflation
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Treasurer warned on household handouts ahead of budget
Millions of Australians could receive an income offset in the budget, but the Reserve Bank is cautioning against the federal government increasing spending.
Most Aussies ready to withstand another rate hike: NAB
The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.
budgets and budgeting
economic policy
economy, business and finance
housing and urban planning
investments
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politics (general)
Right tax moves matter more than mandates: treasurer
Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.
States pump up fuel security and bowser policing
One state is opening surplus port land to new fuel tanks and refineries as it races to boost storage and cut reliance on volatile global supply chains.
central bank
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economy, business and finance
inflation and deflation
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Close call tipped as Reserve Bank mulls third rate hike
Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.
Rail service slashes weekday trains during union fight
Commuters in an Australian capital are set to be hit by reduced weekday train services due to industrial action on the state network.
Big bunnies and grog sales take a wartime shopping hit
Coles shoppers adjusted their spending patterns after the Middle East war began, spending less on liquor and even buying smaller Easter chocolate bunnies.
Australia will avoid recession, despite global jitters
One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.
Rebel’s fiery defamation fight with co-star extended
A high-profile court battle between A-lister Rebel Wilson and the star of her directorial debut has been prolonged at the last minute.
Hopes of wartime windfall shot down for federal budget
The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.
Flight only lasted seconds before ‘catastrophic’ crash
Investigators are collecting evidence and assessing the "catastrophic scene" where a plane crashed into a hangar, killing two people and injuring 10 others.
Rebel styles herself as ‘truth-teller’ amid film feud
Rebel Wilson claims she has been bullied and harassed for speaking up about an alleged sexual harassment complaint by the star of her directorial debut.
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Competition puts Australia’s green iron edge at risk
Australia's renewable energy and rich iron ore deposits make it a potential leader in green iron and steel but other nations may be closing the gap.
Signs point to bumpy road for motorists in fuel crisis
Higher fuel prices could be just weeks away as conflict in the Middle East drags on, with the nation's leaders committing to further crisis talks.
Not OK to ‘loot a charity,’ Musk says at OpenAI trial
Elon Musk has told a court his lawsuit, which could reshape the development of artificial intelligence, is about defending the institution of charitable giving.
auto trends
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consumers
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‘Like charging a phone’: $1.5m boost for EV network
More than 400 apartment buildings could get access to electric vehicle chargers as part of a push to remove a speed bump to their adoption.
Banks to reveal how Iran conflict has affected earnings
Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.
Aussie tech behind AI chips and spaceships to come home
An Australian company supporting tech giants such as Intel, BYD and Blue Origin will move its manufacturing back home after a multimillion-dollar boost.
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budgets and budgeting
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Worse to come as oil crisis adds fuel to rate-pain fire
A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.
Fan club fed star’s whereabouts to Rebel in film feud
Rebel Wilson has revealed she was leaked information by a fan club dedicated to hating a producer at the centre of her blockbuster defamation fight.
Export tax push runs out of gas as budget hopes dashed
Furious lobbying for a 25 per cent tax on gas exports is failing to sway the federal government, which is ruling out the measure for the upcoming budget.
United Arab Emirates quits OPEC in blow to oil cartel
The United Arab Emirates says it is withdrawing from OPEC, stripping the oil cartel of one of its largest producers.
Turning wine into fuel could bolster local supplies
More than 350 million bottles of wine are gathering dust in Australian storage, and industry figures have an ingenious plan to stop them heading for the bin.
Grain belt hit by worst mouse plague in years
Mouse numbers have exploded to plague proportions across a state's grain belt, with thousands per hectare threatening crops and straining bait supply
Tech platforms reject push to pay for news content
Social media platforms will have to strike deals with media organisations or pay more under a proposal which has been poorly received by the tech giants.
‘The worst’: Rebel claim over star’s alleged complaint
Hollywood star Rebel Wilson has labelled a sexual harassment complaint from a lead actor in her directorial debut as the 'worst thing' that could have happened.