Retailing in last hurrah before rate rise
The Australian Bureau of Statistics says retail trade rose 1.6 per cent in March to a record $33.6 billion, coming before rising interest rates take their toll.
The Australian Bureau of Statistics says retail trade rose 1.6 per cent in March to a record $33.6 billion, coming before rising interest rates take their toll.
The Reserve Bank of Australia board has raised the cash rate by 0.25 percentage points to 0.35 per cent following its monthly board meeting.
EU antitrust regulators say Apple is restricting access to its technology in a move that may force the iPhone maker to open its mobile payment system to rivals.
As the Reserve Bank decided on its first cash rate lift in almost 12 years, Scott Morrison says he understands some home borrowers will face tougher times.
Reserve Bank governor Philip Lowe has warned that without increases in interest rates, inflation will be a lot higher than present.
A new report warns 521,000 properties could be uninsurable by the end of this decade due to climate change risks.
Australian house price growth is slowing nationally and could come under further pressure as official interest rates start to rise.
Petrol prices have risen for a second week in a row as international oil prices climb on continued supply concerns due to the Ukrainian war.
A future in which the digital economy is at risk of cyber threats and natural disasters demands new national standards, a report says.
High international fuel prices and outages at coal-fired power plants are pushing wholesale electricity costs up across Australia, the market operator says.
As debate rages about inflation, John Howard says there is no housing crisis but acknowledges there are pressures to be resolved in the sector.
Analysts say vegetable oil prices are soaring as Indonesia widens an export ban on raw materials for cooking oil to include crude and refined palm oil.
The latest quarterly consumer price index shows food prices have experienced their largest inflation rise in more than 10 years.
A surge in annual inflation to above five per cent has financial markets tipping a cash rate rise when the Reserve Bank board meets on May 3.
Activists warn a draft Queensland government plan would allow the coal seam gas industry to simply bury waste brine, posing a risk to the environment.
Elon Musk has reached an agreement to buy Twitter for $61 billion, promising a more lenient touch to policing content on the social media platform.
Australia's economic recovery has been faster and better than expected, but war in Europe and China's COVID-19 outbreaks are wildcards for the nation's outlook.
New modelling weighs up the jobs boon for regional economies from replacing coal-fired power plants with wind, solar, batteries, new coal or gas generation.
Confidence and conditions dropped among small and medium-sized businesses during the March quarter, a National Australia Bank survey shows.
Finance ministers from several countries have reportedly temporarily left the G20 meeting in Washington DC due to Russia's participation.
The Pre-election Economic and Fiscal Outlook produced independently by Treasury and Finance has proved little different from last month's budget.
Rio Tinto says it is offering support to workers of Ukrainian and Russian heritage and has committed $US5 million ($A6.8 million) to humanitarian agencies.
The International Monetary Fund's upgrade of Australia's economic outlook is a vote of confidence, Prime Minister Scott Morrison says.
The IMF has slashed its global growth forecast for this year due to the war in the Ukraine, COVID-19 lockdowns in China and rampant inflation.
Australia will take its place in the new energy economy with taxpayer support to reinvent fossil fuels and mine new minerals, under plans backed by industry.
Business groups say it's time to scrap the seven-day isolation period for household contacts of people with COVID-19, which they blame for staff shortages.
The Reserve Bank of Australia warns in the minutes of its April board meeting that rising inflation has brought forward the timing of a cash rate rise.
New research predicts retailers will enjoy a $7.1 billion sales boost this Easter holiday weekend, with Saturday one of the top 10 trading days of the year.
An industry scorecard finds Australia is leading the world on carbon farming, but uncertainty hangs over the sector with Labor pledging a review if elected.
Households with a mortgage have posted a steep drop in confidence due to concerns a cash rate rise by the RBA is just months away.
Consumers and business have entered a long six-week federal election campaign in a relatively upbeat mood.