Latest
Retail sales jump 0.6pc on heavy discounting
The 0.6 per cent increase in May beat market consensus and comes after a 0.1 per cent rise in April and a 0.4 per cent fall in May.
- Ronald Mizen
Powell: The US is back on a ‘disinflationary path’
Still, US policymakers need to have more confidence that price pressures are continuing to ease before pivoting to rate cuts, the central bank boss said.
- Updated
- Balazs Koranyi and Howard Schneider
RBA inflation target challenged by power prices
Other areas of the economy will need to offset the impact of higher than expected power prices to keep inflation within target, economists say.
- Angela Macdonald-Smith and Ronald Mizen
Labor appoints former NBN boss as nuclear head
Mike Quigley has been appointed as the head of the federal government’s peak nuclear organisation.
- John Kehoe
Rising inflation tests RBA’s ‘limited tolerance’
More rate rises could be needed, as soon as August, after the Reserve Bank noted inflation “increased the risk” rates would not rein in CPI as quickly as forecast.
- Ronald Mizen
Queensland mulls expansion of stamp duty discounts in tax shake-up
Expanding stamp-duty concessions and overhauling land tax in Queensland will be considered as part of a new tax shake-up.
- James Hall
Opinion & Analysis
Why we need to have a genuine look at nuclear energy
Nuclear energy is the kind of nation building policy we need when our lucky country’s luck is running out.
Robert Menzies Institute
Slashing foreign student numbers would be economic self-harm
Before the government puts the squeeze on Australia’s $48 billion university export industry, it should consider how much GDP it is prepared to sacrifice.
BCA chief executive
Energy transition will cost much more than politicians are pretending
The brutal reality is that taxpayers and consumers will be on the hook for much higher costs under a renewable or nuclear energy system.
Economics editor
Open banking offers a salutary tale
The lesson is that governments trying to regulate their way to a greater bank competition can have anti-competitive effects.
Editorial
More From Today
- Opinion
- Nuclear energy
Why we need to have a genuine look at nuclear energy
Nuclear energy is the kind of nation building policy we need when our lucky country’s luck is running out.
- 1 hr ago
- Georgina Downer
- Opinion
- Immigration
Slashing foreign student numbers would be economic self-harm
Before the government puts the squeeze on Australia’s $48 billion university export industry, it should consider how much GDP it is prepared to sacrifice.
- Bran Black
- Opinion
- Energy transition
Energy transition will cost much more than politicians are pretending
The brutal reality is that taxpayers and consumers will be on the hook for much higher costs under a renewable or nuclear energy system.
- John Kehoe
- Opinion
- Open banking
Open banking offers a salutary tale
The lesson is that governments trying to regulate their way to a greater bank competition can have anti-competitive effects.
- The AFR View
Yesterday
- Opinion
- Monetary policy
Central banks have done their job. Now others must do theirs
Central bank independence from governments has proved its worth yet again. But it is politicians who now have to step up reforms that cannot be put off.
- Augustin Carstens
- Opinion
- The AFR View
On AUKUS, Australia must catch up, not start again – yet again
Australia’s political, diplomatic and defence chiefs need to work with AUKUS counterparts in America and Britain to find a way through the gridlock.
- The AFR View
- Exclusive
- AUKUS
‘A cruel joke’: Why AUKUS might leave Australia stranded
A group of defence experts says that the Albanese government is on course for a financial and strategic AUKUS disaster, in the final part of an exclusive series.
- James Curran
- Opinion
- AUKUS
AUKUS ‘moonshot’ may be a tragically expensive failure
It is alarming that both Coalition and Labor politicians fail to acknowledge the risk that Australia could be left with no submarine capability by the end of the 2030s.
- James Curran
This Month
- Opinion
- Australian economy
The public sector is the key to Australia’s productivity puzzle
There is some cause for cautious optimism for increased productivity in the healthcare sector if outcomes can be more accurately measured and assessed.
- Alex Robson
- Opinion
- Nuclear energy
There is a respectable economic argument for nationalised nuclear
The bottom line is that there are sound public choice arguments for the government to build and own nuclear power plants.
- Sinclair Davidson
- Investigation
- AUKUS
Morrison’s ‘longest night’: Inside the making of AUKUS
The military agreement is a mess and risks leaving Australia with no submarine capability at all by the late 2030s. The cloak of secrecy that secured the deal could now be its undoing.
- James Curran
Super giant seeks tech stock ‘second wave’ after delivering 11.3pc
Rising tech stocks helped land an 11.3 per cent return for Australian Retirement Trust superannuation members, but unlisted property was still a drag.
- Hannah Wootton
June
Why people with cancer don’t get the full benefit of clinical trials
Australian researchers say regulators should mandate the requirement to share data.
- Jill Margo
- Opinion
- The AFR View
Chalmers’ ANZ-Suncorp merger approval is ironic for bank competition
The whole drawn-out process could end up discouraging market dynamism by offering no way out to the smaller banks lacking the economies of scale to compete effectively.
- The AFR View
- Opinion
- Australian economy
RBA’s new Englishman tells Aussies: you’ve forgotten how rich you are
If Australians don’t appreciate their fortune, as Andrew Hauser correctly points out, they may not be well placed to preserve it.
- Michael Stutchbury
Businesses failing to weigh wider risks
Readers’ letters on the need for boards to consider risks beyond their organisation; the links between gambling and sport; and the fight against inflation.
- Opinion
- Emissions
Better carrot and stick provides investment certainty for carbon cuts
The climate safeguard mechanism for large emitting facilities means reaching the 43pc emissions reduction target by 2030 is certainly “doable”.
- Kerry Schott
- Opinion
- UK
Will Keir Starmer go wobbly on AUKUS?
The fantasy of a post-Brexit “global Britain” is gone, but British Labour says it will be everywhere around the world, and all at once.
- James Curran
Fed’s favoured inflation metric slows, supporting case for cut
The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.1 per cent from the prior month.
- Augusta Saraiva
- Exclusive
- Australian economy
Recession a 50-50 chance if RBA raises rates: economists
As many as 100,000 Australians could lose their jobs in an inflation-driven recession likely to coincide with the federal election.
- Aaron Patrick
