Recession fears if interest rates hiked
Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.
economy (general)
Mining, migration make Qld the top economy
The Sunshine State is the country's best-performing state economy for the first time in more than a decade of CommSec rankings.
Rio Tinto compo bill ‘nothing like’ $450m
Taxpayers are set to fund a compensation deal for Gladstone Power Station owner Rio Tinto over the coal price cap, but it will be "nothing like" $450 million.
Aussies spend record amount at Christmas
Christmas and Boxing Day sales have hit record amounts and growth with Australians rewarding themselves after a tough year.
Qld power plant set for coal cap compo
Taxpayers are set to fund a compensation deal of up to $450 million for Gladstone Power Station owner Rio Tinto over the coal price cap in Queensland.
coal
conservation
economy (general)
economy, business and finance
environmental politics
finance (general)
global change
mining
politics (general)
Palmer seeks coal climate ruling review
Clive Palmer's Waratah Coal wants a review of a Queensland court's advice that its proposed coal mine should be rejected due to climate change impacts.
Big wet fails to dampen farm production
Australian agriculture remains on track for an outstanding 12 months despite flooding across the east coast taking its toll, according to official forecasts.
More China lockdowns amid virus record
China has reported its highest number of daily COVID-19 cases since the start of the pandemic began nearly three years ago.
Southeast Asia ‘no proxy for any powers’
ASEAN shouldn't let tensions between the US and China turn Southeast Asia into the front lines of a new Cold War, Indonesia's president says.
Westpac says no stressed customers – yet
Westpac is seeing no signs that higher rates are causing mortgage delinquencies, but says it is inevitable they will eventually have an impact.
RBA sees the pain but says rates must rise
Reserve Bank of Australia Governor Philip Lowe has underlined his case for raising interest rates, warning that not doing so could have dire consequences.
Banknote demand rising as more hoard cash
More Australians holding on to high-denomination banknotes because they apparently want to keep cash close to hand, according to central bank data.
New UK PM delays fiscal statement
A UK fiscal statement keenly anticipated by financial markets has been delayed so new Prime Minister Rishi Sunak and his team can give it a workover.
House prices plunge 4.9 per cent from peak
The housing market has tumbled in capital cities across the country, with prices down 4.9 per cent from their March peak.
$350m to kickstart housing affordability
Australians priced out of the rental market are set to benefit from a $350 million affordable housing scheme included in the federal budget.
Tasmania, Qld the top-performing states
Tasmania and Queensland have the best economic momentum in the country as NSW and Victoria slide down the rankings.
New UK finance minister reverses tax plan
Nearly all of Prime Minister Liz Truss's mini-budget has been reversed by new finance minister Jeremy Hunt.
Weeknight visits driving city revivals
Visits at night during weekday peaks are up on pre-COVID levels in all of Australia's major cities but workers are still staying away from the office.
Surprise petrol price dip amid global fear
Motorists are seeing a mixed bag of petrol prices, with some retailers even charging less than the wholesale price, as global economic warnings abound.
UK PM fires finance minister Kwarteng
UK finance minister Kwasi Kwarteng has confirmed he has been sacked by Prime Minister Liz Truss, becoming the third chancellor to quit the government this year.
Neutral cash rate ‘guide’ for Reserve Bank
Getting the cash rate back to neutral is more about the journey than the destination and the central bank will be guided by changing economic conditions.
Neutral cash rate a guide, says RBA
Getting the cash rate back to neutral is more about the journey than the destination and will be guided by changing economic conditions.
Coalition ‘pet projects’ on chopping block
The upcoming budget is expected to be an exercise in trimming waste and tightening spending across portfolios as taxpayers can expect modest savings.
Skill shortage areas double in one year
Skills Minister Brendan O'Connor says the federal government is working with businesses and state counterparts to address critical worker shortages.
Future tax cuts stalk pre-budget debate
Tax cuts due in mid-2024 have become a flashpoint for the upcoming budget as Australia faces economic headwinds.
Monash hospital to undergo $560m expansion
The Victorian government will spend up to $560 million to upgrade Monash Medical Centre in Melbourne's southeast as the healthcare system struggles with demand.
BoE seeks to stem bond market turmoil
The Bank of England says it will buy as much government debt as needed to restore financial stability after chaos triggered by the government's fiscal policy.
Queensland business downcast amid strong earnings
Queensland businesses expect sales and revenue to grow, but they're less confident amid record operating and labour costs, a survey shows.
Littleproud given invite to jobs summit
David Littleproud has been invited by the government to its national jobs and skills summit, after Opposition Leader Peter Dutton dismissed it as a stunt.
Most farmers optimistic about the future
An agribusiness report into intergenerational report has found more than three quarters of farmers are optimistic about the future of farming.
Owner-occupiers make loan switch: ABS
Owner-occupiers are trying to get better mortgage deals as interest rates rise, Australian Bureau of Statistics data released on Tuesday shows.