NZ government axes $7b in projects as forecasts worsen
New Zealand Finance Minister Nicola Willis says the previous government were "economic and fiscal vandals", revealing a worsening set of economic forecasts.
economy (general)
consumer goods
consumer issue - macro economics
consumers
economic policy
economy (general)
road transport
transport
Transport costs accelerate by more than $900 a year
Households in some parts of Australia are paying more than $27,000 a year for transport after costs in the industry rose again.
Australia passes parcel record with Black Friday boost
A record 53.5 million parcels were processed in November following the Black Friday Sales, with more than half of households nabbing a bargain online.
computing and information technology
economy (general)
employment
it/computer sciences
job layoffs
science and technology
technology (general)
White collar staff among first to face AI wave: report
Professions likely to feel the early impact of artificial intelligence have been identified by a report that warns training must adapt to fit the technology.
Carnival Australia shuns big city port over fee hike
Popular Carnival Australia lines Princess Cruises and Cunard will no longer sail from Melbourne in 2025-26 because of a jump in port fees and charges.
Chalmers open to talks with states on GST
Ahead of a treasurers' meeting, Jim Chalmers says he will work with the states to ensure they get a fair share of goods and services tax revenue.
Shoppers spend big on Black Friday sales
Australians are tipped to spend more than $6 billion on Black Friday bargains, providing a boost to retailers grappling with a slow year of sales.
End of the road trip: Aussies drive less to save fuel
Seven in every 10 Australian motorists are driving less to avoid rising fuel prices, a new survey shows, amid widespread support for new standards.
New industrial relations law to help deliver pay rises for Early Childhood Educators
Federal Government representatives have joined the Multi-Employer Bargaining meeting for early childhood educators alongside the United Workers Union
Australia’s rental market woes go from bad to worse
Regional areas in the Sunshine State are now the most unaffordable places for renters to live, as affordable housing concerns spread beyond capital cities.
More pain for borrowers as big banks pass on rate hike
Three of Australia's biggest banks have hiked interest rates in response to the Reserve Bank's latest cash rate increase.
Photo finish looms for Melbourne Cup interest rate call
Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.
Retail sales dig in with hotter than expected growth
The new iPhone model, government policies and unseasonably warm weather have all helped prop up retail sales ahead of a much-anticipated cash rate decision.
Strong competition as Vic economy ranked nation’s best
Economic activity, retail spending and business investment has catapulted Victoria to best performing economy in the nation but it faces stiff competition.
Auction jump ahead of expected Cup day rate hike
An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.
Xi warns against China decoupling, lauds Belt and Road
Russia's Vladimir Putin was prominent at a Beijing forum where President Xi Jinping criticised Western efforts to reduce dependence on the Chinese economy.
Broadband in the boondocks delivers big jobs boost
Households in regional and remote areas are benefiting most from faster broadband, which is also creating more jobs, according to a report.
Price-setting ‘missing’ in the inflation story: Fels
Former competition watchdog chair Allan Fels is scrutinising the connection between corporate price setting and profits and current high inflation.
Public sector reforms may spell budget blues for NSW
NSW Treasurer Daniel Mookhey's budget figures could be in jeopardy, with interest rate rises impacting inflation in the year ahead.
MG3 hatchback takes out ‘cheapest car to run’ title
A large SUV can cost almost twice as much as a compact car to run, while people movers and all-terrain vehicles are the most expensive, a new study shows.
‘Intolerable’ housing crisis is costing Sydney billions
Housing unaffordability in Sydney is second only to Hong Kong, says a think tank boss who warns it is costing the city billions of dollars in lost productivity.
Father’s Day spending dips over cost-of-living stress
One state is expected to spend more than the rest of the country this Father's Day, but overall families are spending less due to cost-of-living pressures.
Horticulture and sugar hit give crop production a boost
The latest agricultural commodities and crop forecast shows the sector remains strong despite drier times ahead, with exports tipped to fall after record years.
Almost half of elite athletes ‘earn below poverty line’
Australia risks an exodus of top athletes ahead of the Olympics as many buckle under financial pressures and consider quitting, survey results show.
Company profits raise concerns over living costs
Hefty profits reported this week by a trio of major Australian companies, including Qantas, are feeding into public debate about the rising cost of living.
China, interest rate hikes putting handbrake on economy
Treasurer Jim Chalmers says headwinds in the Chinese economy are impacting Australia's economic growth.
Tax on the frontline as calls grow for bolder reform
Independent MP Allegra Spender has promised to keep tax reform front and centre of the national debate, accusing the major parties of playing politics.
Hard decisions to be made as Australian population ages
The federal government's upcoming Intergenerational Report will show Australians will live longer, healthier lives even as demand for care services soars.
Treasurer issues challenge over offshore gas tax change
The treasurer has challenged the opposition and the Greens to pass new laws taxing offshore gas companies and bringing forward revenue to boost the budget.
Five areas earmarked to boost living standards, wages
Treasurer Jim Chalmers says Australia is one of the nations best-placed to respond to global economic headwinds, given the strength of its labour market.
Australia’s care workforce to soar as population ages
Australian life expectancies will continue to hit an advanced age, with a key sector of the economy expected to grow as a result, a key report shows.