Inflation in Australia: one of the highest in the developed world, and government spending in the dock
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Australia finds itself in an unenviable position on the global economic stage. With underlying inflation, or trimmed mean, reaching 3.6...
Business
Peugeot loses its Australian distributor: the lion brand faces the Chinese wave
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It is a significant blow for the French automotive presence in Australia. British distributor Inchcape Australasia announced on Tuesday the...
1 July 2026: what changes in your wallet from today
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A new financial year has begun for Australians. From this Tuesday 1 July, a series of major legislative and regulatory...
Fuel: Albanese extends excise cut by one month and convenes national cabinet
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The Albanese government has made its decision. With the fuel excise cut due to expire on 30 June, Anthony Albanese...
Wine crisis in Australia: decades-old vines ripped out as industry brought to its knees
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It is a heartbreaking moment for Australian winemakers. Darren de Bortoli, a third-generation winemaker at the helm of one of...
Tax reform: Albanese backs down on capital gains tax under Senate pressure
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The Albanese government announced on Tuesday a series of significant concessions on its controversial capital gains tax reform, just four...
A small Mornington Peninsula enclave becomes Australia’s richest postcode
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It is a upheaval in the geography of Australian wealth. For the first time in history, the country's highest-earning postcode...
US to send only used nuclear subs to Australia in amended defence deal
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Australia will only receive used nuclear-powered submarines from the United States as part of an agreement to "streamline" the AUKUS...
Australia to force gas giants to reserve fuel for domestic use
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Australia will look to stave off energy shortages by forcing major gas companies to reserve 20 percent of their exports...
Australia hikes key interest rate citing higher fuel prices
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Australia's central bank hiked its key interest rate Tuesday, citing soaring fuel prices that are stoking inflation. The Reserve Bank...
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