Fuel tax cut urged to avoid fruit ‘rotting on trees’
As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.
As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.
Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.
Intense air strikes have landed around Iran's capital after
A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.
economy (general)
economy, business and finance
oil and gas - downstream activities
unrest, conflicts and war
waterway and maritime transport
Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.
agriculture
conflict (general)
diesel fuel
economy (general)
economy, business and finance
farms
food - consumer goods
politics (general)
Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.
Home prices are flat-lining in Australia's biggest cities and surging elsewhere as new national data tells a tale of two housing markets.
Capital expenditure has been rising fast in Australia as the treasurer warns stubborn inflation will mean savings are needed in the budget.
Young people, particularly women, are turning their backs on home ownership as up-front and ongoing costs combined with other pressures put it out of reach.
Donald Trump has broken the record for longest State of the Union speech as he claimed the US is "winning" under his leadership, even as his poll ratings slide.
A premier is bidding to bring the United States president to Australia, claiming his state has something Donald Trump wants and needs.
Almost half of Australians aged 18 to 29 are considering leaving cities for the regions, driven by the cost of living, work opportunities and lifestyle factors.
Fresh data will reveal whether the strong momentum in private spending, which spurred the Reserve Bank to lift interest rates, has continued into 2026.
Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.
auto trends
automotive equipment
consumer goods
consumers
economy (general)
environmental issue
environmental pollution
finance (general)
road transport
transport
Australians are buying fewer cars that use fossil fuels alone as they shift allegiance to low-emission hybrid and electric models.
The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.
air pollution
economic organization
economic policy
economy (general)
energy
energy and resource
environmental issue
environmental politics
environmental pollution
pollution
regulatory policy and organisation
Australia could raise $35 billion a year by putting a price on pollution and help households and businesses by sharing the revenue, a report has found.
Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.
For their service to educational equity, economic development and public health, ex-politicians have been bestowed some of the nation's highest honours.
All but one Australian capital has yielded annual growth in rents, but experts expect that city to be a star performer in the long-term.
computing and information technology
economic indicator
economy (general)
employee
employer
employment
software
unemployment
Fewer Australians are expected to seek fresh employment as the market becomes tighter and artificial intelligence technology creates uncertainty.
Australia's labour market remains tight, with limited spare capacity keeping pressure on already-high inflation and shortening the odds of interest rate hikes.
A fresh survey of Australian consumer sentiment doesn't make for encouraging reading as the central bank weighs lifting the cash rate at its next meeting.
President Donald Trump promises to rebuild Venezuela "in a very profitable way" after ordering its leader's capture but won't say how long US oversight will be.
business (general)
computing and information technology
economy (general)
employee
employer
employment
report
research
technology (general)
Artificial intelligence is expected to transform employment even more in 2026, both in specialised roles and as an added skill in others.
A sharper-than-expected fall in inflation will encourage the Reserve Bank of Australia, but underlying price growth remains too hot for comfort.
Iran's supreme leader has addressed protests sparked by the ailing economy, insisting "rioters must be put in their place" as the death toll rises to 10.
US President Donald Trump has delivered a partisan speech on TV seeking to pin the blame for economic challenges on Democrats.
To be able to afford rent for a typical house, Australians need to be earning 51 per cent more than they did before the pandemic.
Despite inflation pummelling hopes of more interest rate cuts, Australians are spending as much as ever in major sales and increasingly using debt to do so.
A study has revealed Labor had inched ahead of the coalition on a key measure which handed Anthony Albanese a historic majority in federal parliament.