Economics

The Grattan Institute found Australians lose more to gambling than anywhere in the world and pokies are more common than post boxes.

GDP for the June 2024 quarter shows a 30-year low growth rate in the economy, as the Government blames high inflation and high interest rates.

Blackouts aren’t predicted to occur in the renewable energy transition, with a new report downgrading forecasts of “reliability gaps”.

The gambling giant said the results reflect “softer wagering market conditions” due to pressures caused by current high inflation and interest rates.

Food delivery drivers could get new workplace rights including access to annual leave, superannuation, and insurance.

The inflation of fruit and vegetables saw one of the biggest increases in July 2024, at 7.5%, compared to 3.6% in June.

Coles and Woolworths control two-thirds of Australia’s supermarket sector.

The joint study found long COVID had a “significant” impact on the workforce.

It comes after the platform went into voluntary administration last month.

The Commonwealth Bank has reported an annual profit of $9.8 billion after tax for the 2023/24 financial year.

Wages grew by 4.1% over the year to June, according to the Australian Bureau of Statistics (ABS). It’s predicted to slow over the year ahead.

Average household spending almost triple the inflation increase for the same period (3.8%), according to the country’s peak automobile body — the Australian Automobile Association (AAA).

In a statement about the company’s 2023/24 financial results, Chief Executive Robert Thomson said an unnamed “third party” had expressed “interest in a potential transaction”.

To understand why global stock markets have dipped, we first need to understand what’s happened in the U.S. economy.

The Reserve Bank of Australia (RBA) has kept the cash rate at 4.35% for the sixth consecutive time, in August 2024. The decision follows a two-day board meeting.

According to the ABS, housing saw one of the biggest inflation increases in the year to June 2024 (up 5.2%).

Growing speculation that Regional Express (Rex) will collapse has triggered the question: is Rex going out of business?

The NSW Government plans to reform laws to ban no fault evictions for renters, meaning landlords will need to provide a reason for eviction.

Here’s how the US and Australia compare in their spending on election campaigns, as the race for the White House draws in big money.

Scientist Craig Wright said he created the cryptocurrency under the name Satoshi Nakamoto in 2008, prompting a group of tech firms to launch legal action against him.

The global economic institution, the IMF, has predicted inflation and interest rates will remain high in the coming year.

How rich are Australians? Australia’s population of millionaires is expected to increase by 21% over the next four years.

A Global Wealth Report has forecast a 21% surge in Australian millionaires over the next four years, amid a global rise.

The 2024 OECD Employment Outlook analysed the labour market in 35 countries and found Australia was among 16 countries whose wages remain beloved pre-COVID levels.

Cheaper Uber fares will come into place next month, but drivers say they’ll be unfairly impacted by the change.

Labor has brought its “Future Made in Australia” bill to parliament, a plan to turn the country into a “renewable energy superpower”.