Former WA Liberal senator Mathias Cormann warns Australia is drifting in the wrong direction, saying the only cure for the cost of living squeeze is an ‘economy that produces more for every hour worked’.
Joe Spagnolo
Reserve Bank governor Michele Bullock told a closed conference more aggressive interest rate rises may be needed to bring down inflation and stop it becoming entrenched.
Stephen Johnson
Crown Perth will use new bars and restaurants to help revive its high-roller business, five years after it was banned amid police concerns over money laundering linked to organised crime figures.
Sean Smith
A deal that could scrap tariffs on 98 per cent of Australian exports and unlock a $30 trillion market has been branded the “worst deal” in history by the Coalition.
Cameron Micallef
From outdoor activities to arts and crafts, the cost of all has grown over the past year in what has been labelled a bout of ‘funflation’ . . . but West Australians are still splurging.
Cheyanne Enciso
Australian aluminium manufacturers have lost hundreds of millions of dollars to cheaper Chinese rivals who now may have to pay up.
The unemployment rate has risen to a five-year high, but parts of the economy that benefit from higher commodity prices and the AI boom are going strong.
Jacob Shteyman
Things are going from bad to worse for Deloitte in WA this week with the axe falling on staff at the firm’s Perth office. Plus: Freo Dockers ink a new sponsorship deal.
China’s new ambassador has touted deepening economic ties with Australia, while delivering a warning to Canberra that voiced Beijing’s “concerns”.
Joseph Olbrycht-Palmer
Ambulance officers, hospital workers and public servants with psychological injuries could soon find it harder to claim workers' compensation.
Andrew Stafford
Thirteen Cue stores and nine Veronika Maine locations in Australia are being shut down after potential buyers said they weren't interested.
Derek Rose
The jobs market is finally cooling, which could have a silver lining for mortgage holders hoping for rate relief, but at least one expert is urging caution.
Unemployment has risen to a five-year high of 4.7 per cent but economists fear the Reserve Bank will hike rates again in three weeks and let the labour market worsen to bring inflation under control.
Despite everything that has been thrown at the global economy, it remains remarkably hardy.
Daniel Moss
The Nationals are fighting for “the best pineapples in the world”, as Australia mulls over importing more despite the risks.
A major airline has suspended two regional flights to Sydney, blaming rising fuel costs and low demand.
Emma Kirk
A key component of the Albanese government’s economic agenda is under threat, with the Coalition and the Greens looking to work together to scupper it.
Anthony Albanese has been accused of having a “fetish for humiliating his treasurer” over the delayed credit card tax ban.
Former Reserve Bank boss Bernie Fraser has hit out at successor Michele Bullock’s four inflation-busting interest rate hikes this year amid warnings more may be on the way.
Matt Mckenzie
Pauline Hanson made a pledge to Australia’s business community amid her party’s plan to crack down on migration – with one major catch.
Nathan Schmidt
Australia is set to record the largest unemployment rate rise among advanced economies, a damning new report suggests.
Invasive red fire ants have been found in Sydney. Here’s everything you need to know about the super pests.
Angie Raphael
Australian business confidence is getting worse as a surge in oil prices, driven by renewed tensions in the Middle East, raises concerns over higher costs.
Frustrated mortgage holders are being warned the Australian economy needs to slow, otherwise there could be further interest rate pain.
