Economy news headlines

The mayor said his city is a "proven performer" and has "proven its case" for amusement parks.

Jim Chalmers said he was not expecting a recession, but acknowledged the national accounts data from the Australian Bureau of Statistic was "very weak".

GDP has risen by just 0.1 per cent in the first three months of this year - the lowest rate since the last COVID-19 lockdown.

Experts have urged Australians to re-examine their health insurance policies and assess their needs.

Michele Bullock has issued a word of caution to the Australians hoping for an interest rate cut.

High costs in building materials over recent years and the interest rate spikes are being blamed.

China is doubling down on its plan to dominate advanced technologies of the future by setting up its largest-ever semiconductor state investment fund, according to information posted by a government-run agency.

The business said it was time to embark on a new journey.

Chef Adrian Richardson said the decision didn't come lightly but said it was time to focus on new projects.

Many Australians over 60 have spent more on travel and dining out in the last year, while people in their mid-to-late 20s have pulled back on their spending, new research suggests.

The average age for when workers intend to retire has remained between the ages of 65 and 66.

We've been hearing about the health benefits for years but during a cost-of-living crisis, high prices can put olive oil out of reach.

The higher-than-expected jump brings it back to January levels and reduces the chance of a further interest rate hike.

The restaurants were known for selling expensive cuts of meat, with one $500 dish boasting a 1.6-kilogram wagyu tomahawk covered in gold leaf.

Customers have five days until the bank transitions into digital-only payment systems.

Depending on where you look, Jim Chalmers is a "money spinner", inflation dragon tamer or a clown whipping up ballon animals for all.

The whole range of products will no longer be sold at Woolworths, Coles or any other Australian retailers.

One city in particular has shrugged off historic interest rate hikes to see sales soar.

The Reserve Bank of Australia (RBA) has kept interest rates on hold despite stickier-than-expected inflation and the ever-growing spectre of rising house prices.

The Reserve Bank is meeting to fix interest rates as a former governor insists the battle against inflation is not over.

About 67 per cent of Australians don't feel their superannuation is in a good position for their age.

Economics advisor Warren Hogan says the strengthening economy could spell bad news for battlers.

It wasn't high earners bearing the brunt of the burden, with low and middle incomes having to cough up more.

Australia's unemployment rate has risen slightly to 3.8 per cent, up from last month's surprisingly low figure of 3.7 per cent.

A respected global body says the Russian economy has been bolstered by oil exports and government spending.

And one economist warns it could descend further, potentially prolonging high interest rates.

A wave of mass demonstrations are expected to impact Sydney, Melbourne and other cities today.

The bosses of Australia's biggest supermarkets are bound for Canberra set to appear before a senate committee. 

Coastal communities have been left 'treading water' despite Beijing ending other trade sanctions on Australian products.

In the past year, house prices in Australia have risen 8.8 per cent.

Australians are working longer and retiring more gradually, easing the pressure on the aged pension.

The campaigner leading a "keep cash alive" movement said banks - not people - are the ones who will profit from a full transition to digital payments.

New Zealand is making immediate changes to its employment visa program after a near record migration last year.

New research has named the countries where workers earn the most and take home the least. Find out where Australia ranks.

The disaster is expected to cause major delays in the global supply chain network.

The figure would still see up to around 100,000 homeowners falling behind on their mortgage payments by October unless interest rates ease or their wages increase.

While positive news for the economy, the strong jobs figures reduce the chance of an interest rate cut anytime soon.

The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms.

But as pressure on the nation rises, there is a silver lining for the people doing it the toughest.

The central bank will announce its decision at 2pm, with financial experts and economists widely forecasting the cash rate will remain at the 12-year high.

Some experts in the latest Finder survey believe a reduction in the cash rate won't happen until next year.

The company admitted to making false and misleading representations on its website along with adding surcharges that were inadequately disclosed.

Exactly two months out from budget night, Treasurer Jim Chalmers said there'll be no repeat of the surging revenue from high resource prices that drove last year's record surplus.

Australian households continued their economic cutback in February despite a certain pop megastar driving a huge increase in spending at music festivals and event venues.

TV legend and self-confessed "finance nerd" David Koch has described how he had to step in personally to save his family business from going to the wall.

Taxes on hundreds of imported items such as toothbrushes, tampons and tools will be removed to make life easier for businesses.

New research found 77 per cent of Australia's Generation Z were facing money worries.

It's the smallest increase in more than a year but one that nonetheless pushed the nation to nine successive quarters of growth.

One of the big four banks says the number of job listings fell last month, which could in turn lead to a rise in unemployment.

The Australian Bureau of Statistics has revealed the average weekly earnings for full-time adults.