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Latest inflation numbers
Economics Latest News

Prices rise by 3.6% in year to April

Latest inflation numbers from the Australian Bureau of Statistics show a 3.6% rise in prices in the year to April 2024.

Telstra has announced plans to cut 2,800 jobs — around 9% of its total workforce.
Economics Latest News

Telstra announces job cuts to 9% of workforce

The telco said the decision was due to structural changes in the business designed to “improve productivity”.

Opposition Leader Peter Dutton has outlined his vision for Australia in his Budget reply speech, vowing to cut migration and crack down on knife crime.
Economics Latest Politics

What’s in the Opposition Budget Reply?

Opposition Leader Peter Dutton has outlined his vision in his Budget reply speech, vowing to cut migration and crack down on knife crime.

The Government wants to become a "renewable energy superpower" in a plan known as the 'Future Made in Australia'.
Economics Latest Politics Science

WTF is the Government’s ‘Future Made in Australia’ plan?

The Government wants to become a “renewable energy superpower” in a plan known as the ‘Future Made in Australia’.

Young people will get some energy, rent, and income support help from the Federal Government's 2024 Budget.
Economics Latest Politics

What’s in the budget for young people?

Young people will get some energy, rent, and income support help from the Federal Government’s 2024 Budget.

Wage growth in Australia
Economics Latest News Politics

Wages continue historic growth

Wage growth in Australia has continued above 4% in the 12 months to March, according to the Australian Bureau of Statistics.

What does the budget say about the future of the economy?
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Inflation projected to be under control by end of year

The federal budget has forecast inflation to dip below 3% by the end of this year.

Tonight, Treasurer Jim Chalmers delivered the 2024 Federal Budget.
Economics Latest News Politics

Everything you need to know about the 2024 Federal Budget

The Government, led by Prime Minister Anthony Albanese, has two big decisions to make: what to spend money on, and where to get that money from.

Reserve Bank cash rate decision
Economics Latest News

Reserve Bank leaves cash rate unchanged

The Reserve Bank cash rate decision was unveiled by the board on Tuesday afternoon after a two-day meeting.

Coles and Woolworths have recorded increased sales for the first quarter of the year.
Economics Latest News

Coles and Woolies report $26b in first quarter sales

It comes amid several ongoing inquiries into the two major supermarkets, as they face questions over their conduct and profits during a cost of living crisis.

What is the state of the Australian economy?
Economics Latest News

What is the state of the Australian economy?

A major restructure at Crown will see around 1000 employees made redundant across the company’s Melbourne and Perth operations — including in its casinos, resorts and corporate offices.
Economics Latest News

About 1000 Crown employees to lose jobs

CEO Ciaran Carruthers blamed “reduced foreign tourism, a sharp decline in local workers in the city centres, and restrictions on gaming play” for the “difficult decision”.

Inflation has fallen to 3.6% in the year to March, 2024.
Economics Latest

Inflation has fallen to 3.6% in the year to March

Prices have risen by 3.6% in the year to March 2024, slightly higher than economists’ expectations of softer inflation.

ola shutting down
Economics Latest News

Ola is shutting down in Australia

Customers were notified in an email on Monday night. A spokesperson confirmed Ola has also “decided to no longer operate” in New Zealand.

Australian supermarkets
Economics Latest News Politics

Billion-dollar fines under supermarket proposal

Australian supermarkets could face billions of dollars in penalties for severe abuses of power, under a new proposal tabled on Monday.

sam bankman-fried sentenced
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Sam Bankman-Fried sentenced to 25 years for fraud

It comes after he was found guilty of seven counts of fraud and conspiracy in November.

Prices rose by 3.4% in the year to February
Economics Latest

Prices rose 3.4% in the year to February

Inflation (rising prices) has held steady month-on-month, with prices rising by 3.4% in February matching the inflation figures from January.

reddit share price doubles
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Reddit’s share price almost doubles in week after IPO

Anyone can now own a piece of the company by purchasing ‘shares’.

Treasurer Jim Chalmers will ask the Fair Work Commission to raise minimum wages in line with inflation
Economics Latest Politics

The Government wants minimum wages to rise with inflation

Treasurer Jim Chalmers will ask the Fair Work Commission to lift the minimum wage in line with inflation this year.

us lawsuit apple monopoly
Economics Latest News

US Justice Dept launches Apple lawsuit over alleged “monopoly”

The suit alleges the $US2.66 trillion ($AU6.4t) company has a “monopoly power in the smartphone… markets”, which has drowned out competitors like Samsung.

unemployment rate drops
Economics Latest News

Unemployment rate drops to 3.7%

The unemployment rate dropped to 3.7% in February. Treasurer Chalmers said it showed the economy is resilient.

rba interest rates on hold
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RBA keeps interest rates on hold again

The RBA is Australia’s central bank. Its key responsibility is setting the ‘cash rate’ — an interest rate it charges commercial banks for short-term loans.

craig wright bitcoin
Economics Latest News

Craig Wright did not invent Bitcoin, UK court rules

Wright said he created the cryptocurrency in 2008. However, a group of tech firms launched legal action accusing Wright of forging his identity.

tariffs scrapped
Economics Latest News

Hundreds of tariffs to be scrapped

A 5% import tax (tariff) on nearly 500 products will be scrapped from 1 July, Treasurer Jim Chalmers has announced.

Parents are set to get super payments on top of their paid parental leave
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Super could be paid on top of paid parental leave

Parents who take paid parental leave are due to get 12% super contributions on top of those payments from July next year.

Bankwest closing its branches
Economics Latest News

Bankwest to go fully digital by end of year

Bankwest is closing its branches as part of a decision to go fully digital by the end of 2024, it announced this week.

stage 3 tax cuts pass parliament
Economics Latest

Stage 3 tax cuts pass Parliament

The tax cuts will come into effect on 1 July, after passing the Senate with the support of the Opposition.

Australian businesses have posted their gender pay gaps for the first time
Economics Latest News Politics

The gender pay gap at Australia’s biggest companies

Australian companies have posted their gender pay gaps for the first time ever. Here’s what we found.

gender pay gap feb 2024
Economics Latest

The gender pay gap has fallen to its lowest level on record (again)

Australia’s gender pay gap has dropped to 12%, its lowest level on record, according to the latest data from the ABS.

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