“Clouded in uncertainty”: RBA lifts cash rate target to 1.85% as inflation surges
Higher interest payments are on the cards for small businesses and household borrowers after the Reserve Bank of Australia lifted its cash rate target by 0.5% to 1.85% on Tuesday.
Independent MPs, industry groups want tweaks to the pension income test to encourage older Australians into the workforce
MP Rebekha Sharkie says expanding the aged pension income test would remove barriers keeping experienced staff from the workplace.
A schooner for $10? The latest beer tax hike is likely to make this a reality
It's claimed that Australians are already taxed on beer more than almost any other nation in the world, and the price of a schooner is about to take another big leap.
Ahead of the RBA’s next cash rate decision today, economists predict further hikes — and no let-up until late 2023
The Reserve Bank of Australia is predicted to announce an interest rate rise of 0.25% to 0.5% today, which could take the cash rate to 1.85%.
Flooded businesses file average insurance claim of $71,000, peak body says, as insured losses grow to $5.1 billion
The devastating floods which afflicted northern New South Wales and southeast Queensland in February and March this year have officially become the second-costliest weather event in Australian insurance history.
The problem with Labor’s electric vehicle tax cut, and what it could do to better incentivise EV purchases
The Albanese government has introduced tax cuts to electric vehicles in its first sitting week, but this won’t help most Australians afford one.
Up bank launches Maybuy, the automated payments plan for young Aussies stressed out by buy now, pay later
In response to some sobering statistics on the way BNPL shopping makes customers feel, Up bank has launched Maybuy, which automates instalment payments before purchasing an item.
Fuel, groceries and housing: Where is inflation hitting us hardest?
Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?
F45 to cut 110 staff worldwide, lose Australian CEO and co-founder after brutal earnings update
The cuts come as the Australian-born fitness giant drastically downgrades its growth forecasts and revenue projections due to "macroeconomic uncertainty".
Chalmers’ gloomy economic update proves need for action on skills and productivity, industry groups say
Australian industry groups have urged the federal government to ramp up efforts to boost productivity after Treasurer Jim Chalmers delivered a bruising update to the nation's economic outlook.
Tech layoffs continue as Aussie Web3 unicorn Immutable cuts staff, just months after its $3.5 billion valuation
Australian Web3 outfit Immutable has confirmed a number of layoffs from its team, just four months after securing a $280 million funding round which brought its valuation to $3.5 billion.
Treasurer to name inflation and global slowdown as causes of drop in Australia’s growth forecast
Treasurer Jim Chalmers will tell Parliament that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.
