Younger Australians are set to face a “perfect storm” of financial pressure in the new year, as the majority of people aim to make themselves […]
Category: Economy
GM takes $6 billion hit as cost of backing away from EVs
General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars. It comes […]
$95bn loss predicted to Australian economy if Div 296 passes: analysis
Analysis from one of the country’s biggest asset management firms has revealed a “deadweight loss” of $94.5 billion to the nation’s economy if the Division […]
Statement by the Monetary Policy Board: Monetary Policy Decision
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent. Inflation continues to moderate. Inflation has fallen […]
Australia’s biggest DC-coupled solar battery hybrid to push PV output into evening peaks
The biggest DC-coupled solar battery hybrid project to be developed in Australia has won approval for its grid connection, and is expected to push the […]
Australian unemployment rate steady at 4.1 pct
Australia’s unemployment rate remained steady in April despite almost 90,000 people finding work. Official figures released by the Australian Bureau of Statistics (ABS) on Thursday […]
Erratic Donald Trump is dark cloud on horizon for Michele Bullock as RBA considers interest rates
While the domestic economy seems to have stayed on the narrow path out of the inflation crisis, global uncertainty is a thorn in the RBA’s […]
Tobacco excise revenue has tanked amid a booming black market
It’s a diabolical problem for the government, whose public health policy has long relied on increasing tobacco excise duty as its primary tool to reduce […]
$678 million boost for Australian exports to UAE
Australian trade minister Don Farrell announces the UAE trade deal at Parliament House in Canberra Australia and the United Arab Emirates (UAE) finalised the much-awaited […]
More people are seeking help as Australia’s economy slows down, RBA governor acknowledges
Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia’s economy slows down […]