Consumer confidence weak ahead of CPI
Consumer confidence could go backwards this week if new data confirms Australia has recorded the highest annual inflation rate in more than 31 years.
economy, business and finance
Russian gas to EU cut to fifth of capacity
Russia's Gazprom says the capacity of the Nord Stream 1 pipeline under the Baltic Sea into Europe will be reduced to 20 per cent.
Crown’s Sydney casino to open next month
Crown says its Sydney casino at Barangaroo will open to the public in two weeks "with the highest levels of governance and compliance".
Grain deal threat as Russia strikes Odessa
An hours-old deal to unblock grain exports from Ukraine has been placed in jeopardy after Russian missiles struck the key Black Sea port of Odessa.
House prices slump to be offset by rates
As house prices across Australia drop, first home buyers are being urged to act fast before interest rate hikes make borrowing more expensive.
Victoria is best-performing state: CommSec
Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
War in Ukraine enters its sixth month
Russia says said its forces have hit a Ukrainian warship and a weapons store in Odesa with its high-precision missiles, as the war enters its sixth month.
ECB hikes rates faster than flagged
The European Central Bank has raised interest rates for the first time in 11 years in hopes of taming record high inflation.
Households cashed up for rates rise: RBA
Most households except recent first-home buyers have enough savings to cope with rising interest rates, which the ANZ tips to reach three per cent this year.
Chalmers announces review of Reserve Bank
Treasurer Jim Chalmers has flagged changes to the RBA's board with a new review to look at the expertise of its nine members, as one had his term extended.
Speeches to give insight on RBA rate hike
Two speeches in two days will give the Reserve Bank of Australia an opportunity to demonstrate how hawkish it is feeling as rate hikes loom.
Unemployment rate hit 48-year low in June
The unemployment rate plummeted to 3.5 per cent in June, from 3.9 per cent in May, and was much better than economists were expecting.
Unemployment rate fell to 3.5pct in June
The national unemployment rate fell to 3.5 per cent, which is the lowest rate since August 1974.
Breakthrough at Ukraine grain export talks
Turkey has announced a deal with Ukraine, Russia and the United Nations aimed at resuming Ukrainian grain exports.
Record high 240k homes being built in Q1
A record 240,065 dwellings were under construction in March, although work commencements on new homes fell as the housing boom lost momentum.
Consumer confidence falls as rates rise
Consumer confidence has dropped 19.7 per cent since December, a plunge comparable to what happened at the start of the pandemic and the global financial crisis.
More Australian workers looking west
Western Australia's tough border policies throughout much of the COVID-19 pandemic have not deterred workers from heading west in record numbers.
Monthly family petrol bill soars to $300
Petrol prices are closing in on highs seen earlier this year as new figures show a tightening in the jobs market ahead of official jobless data.
Protesters set fire to Sri Lanka PM office
Sri Lanka Prime Minister Ranil Wickremesinghe's office has released a statement saying he is willing to step down to make way for an all-party government.
Sri Lanka calm as leaders set to quit
Sri Lankan Prime Minister Ranil Wickremesinghe says he will leave office once a new government is in place and President Gotabaya Rajapaksa will also step down.
Trade surplus hits record $16 billion
Payroll jobs rose have risen, while booming coal and natural gas exports drove an increase in the trade surplus in May.
Job ads show first fall in five months
Ahead of the release of payroll figures and the latest data on Australia's trade surplus, job advertisements are showing potential signs of decline.
Reserve Bank hikes cash rate to 1.35 pct
The Reserve Bank of Australia has announced a 50 basis point rise to the cash rate, taking it to 1.35 per cent.
Big four banks pass on full rate rise
All four of Australia's largest lenders have increased variable home loan rates by 0.5 per cent following the RBA's decision to lift interest rates further.
Further rate rise to hit family budgets
The Reserve Bank of Australia board lifted the official cash rate to 1.35 per cent, adding to cost pressures on households.
Union condemns more regional bank closures
Westpac is defending a decision to close 24 bank branches across Australia, including many in regional areas.
EU and New Zealand sign free trade deal
The European Union has struck a free trade deal with New Zealand, 14 years after the idea was first proposed.
House prices in descent as rates rise
Home values fell across the country in June, particularly in Sydney and Melbourne, after the central bank raised interest rates for the second month in a row.
Aus energy grid needs urgent upgrades
The power market operator AEMO has released a roadmap for the sector as it continues to transition to more renewable and gas energy sources.
Post-pandemic tourism rakes in $18 billion for Queensland
Queensland is leading Australia's tourism industry out of the COVID-19 downturn with domestic visitors staying longer and spending more in the Sunshine State.
SA company fined over power rules breach
A Federal Court judge has ordered the operator of South Australia's Tesla big battery to pay a $900,000 fine over breaches of the national electricity rules.