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.
economy (general)
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.
Households warned food costs still rising
Australian Food and Grocery Council CEO Tanya Barden has urged the federal government to focus on supporting people with low incomes in the months ahead.
Treasurer reveals inflation to hit 7.75pct
Inflation is expected to peak at 7.75 per cent at the end of this year, before moderating into 2023, Federal Treasurer Jim Chalmers says.
Chalmers recognises cost of living burden
A sharp rise in annual inflation - the biggest since the GST was introduced - has raised concerns about the cost of living and more interest rate rises.
Inflation could hit worst rate since 1990
Annual inflation data for the June quarter is expected to come in at 6.2 per cent but there's some concern it could be closer to seven per cent.
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.
Aust economy to slow: Deloitte
The country's economy will chart a "middle ground" between recovering from the pandemic and continued uncertainty and rising interest rates and inflation.
Strong outlook for Australian agriculture
Flooding in parts of Queensland and NSW has slowed agricultural output but it's still been a strong start to the year according to Rural Bank's latest report.
Home lending rises 1.7 per cent in May
The Australian Bureau of Statistics says the value of new housing loan commitments rose 1.7 per cent to $32.4 billion in May.
Moody’s affirms Australia’s AAA rating
Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating.
Minimum wage rise the right decision: PM
Despite business concern over a rise in the minimum wage in Australia, Prime Minister Anthony Albanese says the move was the correct one.
Low-paid workers set for 5.2 pct pay rise
The Fair Work Commission has recommended a 5.2 per cent pay rise for Australia's low-paid workers, equating to an extra $40 a week.
coal
economy (general)
environmental politics
environmental pollution
global warming
politics (general)
Aust failing on coal mine methane: report
Methane emissions from Australian coal mines could be double official estimates, a new report says, threatening efforts to limit global warming to 1.5C.
ATO says COVID tests could be a deduction
Taxpayers who took COVID-19 tests for work will be able to claim the cost on their tax return.
Qld govt eyes budget deficit under $1.7b
Queensland can expect a budget deficit under $1.7 billion in 2022/23, but the treasurer says it will be another two years before the books are back in black.
NSW to help with soaring electricity bills
In a welcome relief, the NSW government will help households that can't keep up with a spike in electricity bills, funding a maximum of $1600 a year.
PM faces domestic, regional challenges
The prime minister has returned from Japan and will undertake a number of briefings to address critical domestic and regional challenges.
Greens announce climate impact home grants
Homeowners will be eligible for up to $20,000 in flood resilience grants as part of a package proposed by the federal Greens in the lead up to the election.
Smaller cities lead growth in home values
Home values were up 0.7 per cent in March, with Sydney and Melbourne declining and smaller cities punching above their weight.
Gig work ‘exacerbates’ gender inequalities
A new study has found the national gig economy can "reproduce and exacerbate" existing gender inequalities.
Farmers urge shopper calm amid COVID-19
Farmers have urged calm amid supply chain concerns saying there is plenty of fresh produce available, while urging the competition watchdog to intervene.
Lake Eyre Basin oil exploration for Qld
The Queensland government has given approval to Origin Energy to look for oil in the Kati Thanda-Lake Eyre Basin, which could pave the way for fracking.
Final text of UK trade deal to be unveiled
Trade Minister Dan Tehan and UK High Commissioner Vicki Treadell are due to unveil details of a free trade agreement between the two countries on Friday.
German wages barely grew in 2021
German wages barely grew this year despite soaring inflation, effectively leaving consumers with less money in their wallets.
Aust has win in sugar dispute with India
Australia's dispute with India over the use of sugar subsidies may have some way to go after Delhi said it would appeal a WTO ruling.