‘Column of smoke’: coalition launches One Nation attack
An economic blueprint has been pitched by the coalition to win over voters as it warns One Nation won't be able to deliver on its promises to Australians.
productivity
‘Invisible’ organisation boosts economy by $2m a day
A little-known firm that ensures the food Australians eat and the medical results they receive are up to scratch contributes millions of dollars to the economy.
Aussie AI boost: $500m network planned for major cities
Australia's internet infrastructure is not ready to handle increasing artificial intelligence demand, according to one telco that plans to build more fibre.
breaking_news
economy, business and finance
employment
inflation and deflation
interest rate
labor market
labour
productivity
unemployment
Strong jobs figures clock on for future rate rise shift
More than 40,000 jobs have been added to Australia's economy to exceed expectations, but slowing growth could ease the Reserve Bank's inflation fears.
business enterprises
computing and information technology
employee
employment
financial and business service
it/computer sciences
productivity
research
science and technology
software
technology (general)
The AI trap: firms buy too much tech, too little talent
More businesses are investing in artificial intelligence to boost productivity but a leading tech firm says they are not all getting investments right.
Labor concedes popularity hit from tax changes
New carve-outs for startups and a backdown on trusts are aimed at reducing some of the political blowback from major capital gains tax reforms.
Founders warn of talent exodus despite tax carve-outs
A snap two-day parliamentary inquiry into budget tax changes is set to deliver its report as startup founders warn innovation will be hit despite carve-outs.
Slowing economy could shut the door on more rate hikes
Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.
‘Take a breath’: Google tells Aussies to relax about AI
Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.
‘Bad to worse’: productivity sinks to post-pandemic low
Poor productivity is bedevilling the Australian economy, with levels heading in the wrong direction for Treasurer Jim Chalmers.
AI’s dirty secret: data centre boom threatens resources
Artificial intelligence could use three per cent of global energy by the end of the decade, the UN warns, and use 10 times more land than Mexico City.
breaking_news
budgets and budgeting
consumer confidence
consumers
diesel fuel
economy, business and finance
petrol
politics
productivity
Worse to come as oil crisis adds fuel to rate-pain fire
A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.
consumers
diesel fuel
economy, business and finance
petrol
prices
productivity
unrest, conflicts and war
Extra diesel shipments prioritised for regional areas
Two additional cargo ships of diesel will come into Australia, bringing in 100 million litres of supply after deals struck with two major fuel companies.
advanced training
business (general)
computing and information technology
economy (general)
productivity
report
research
science and technology
software
technology (general)
Aussies could miss big payday due to basic AI skills
Millions of Australian workers are using artificial intelligence tools with only a basic understanding, and could boost their salaries with more training.
budgets and budgeting
economic policy
economy, business and finance
politics
productivity
public finance
Treasurer softens up voters for ‘hard decisions’ on tax
The government will warn of a hit to economic growth and Australia's productivity performance in the upcoming budget, raising the stakes for ambitious reform.
Bold company tax proposal still friendless after revamp
An alternative corporate tax proposal could have greater economic benefits if a requirement to be budget-neutral was removed, the Productivity Commission says.
Belt tightening in order as federal payments balloon
More than $12 billion in program cost blowouts demand tighter spending in other parts of the federal budget, the treasurer is warning Australians.
business (general)
business enterprises
computing and information technology
economy (general)
internet
it/computer sciences
productivity
research
technology (general)
AI guidance refresh as industry awaits national plan
Industry figures welcome news a national AI plan will be released before the end of the year, saying uncertainty on regulation spooks potential investors.
From gigabits to terabits: fibre to fire up downloads
A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.
business (general)
computing and information technology
economy (general)
employment
internet
productivity
research
software
survey
technology (general)
More Aussie workers turn to AI but revolution is slow
Three times as many Australian workers are using artificial intelligence tools as last year but executives say they are not seeing transformational changes.
National economy still stuck in ‘productivity malaise’
Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.
business (general)
computing and information technology
employer
employment
productivity
retraining
software
technology (general)
One in five young jobseekers are fudging AI skills
The pressure to understand and use artificial intelligence tools is getting to gen Z and millennial workers, with many admitting to exaggerating their talents.
Pause on new regulations to fast track building homes
A pause in new regulations on construction standards will aim to have homes built faster under changes stemming from the productivity roundtable.
business (general)
computing and information technology
economy (general)
employee
litigation and regulation
politics
productivity
regulatory policy and organisation
science and technology
technology (general)
Why Australian AI regulation could be a legal patchwork
Artificial intelligence may not be governed by a single, dedicated law in Australia but experts say changes to several existing laws could offer protection.
Treasurer mulls making tax fairer for young Australians
Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.
‘Holy grail’: treasurer hails quick wins as summit ends
After 29 hours, 327 contributions and one major blow-up, Jim Chalmers' economic roundtable has served up a slew of reform ideas and a few unanswered questions.
Call to screw the cap on $11 billion diesel subsidy
More mining giants may clean up their operations if the government capped generous credits on diesel fuel and incentivised green projects, a report finds.
business (general)
computing and information technology
economy (general)
employment
litigation and regulation
politics (general)
productivity
research
software
work relations
Aussie workers sceptical of AI coming for their jobs
A slim majority of workers believe the government can be trusted to regulate artificial intelligence and most think it will augment rather than replace jobs.
Red tape on chopping block in bid to build homes faster
Slashing regulations so houses can be built quicker has won universal approval at a government-led economic roundtable, but the finer details are up for debate.
Trade and skills under spotlight in ‘promising’ talks
The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.
Productivity to dominate agenda as symposium begins
After weeks of build up, arguably the biggest event of Australia's economic calendar is set to begin as the government seeks answers to withered productivity.