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Iran And US Remain In Stalemate Over Strait Of Hormuz

Global economies are teetering on the brink

The world’s major economies are delicately balanced, with prospects highly dependent on the speed of resolving the Middle East conflict. The OECD’s latest Economic

Average Australians facing a ‘per capita’ recession

By Stella Huangfu Australia’s economy grew by 0.3 percent in the first three months of 2026, slowing from 0.9 percent growth at the end of 2025, according to the

Australia records first trade deficit in almost a decade

Australia’s trade in goods and services has fallen into deficit for the first time since the December quarter 2017. This comes off the back of falling exports of

Minimum wage goes above $1000 a week for the first time

Australia’s minimum wage has risen above $1000 per week for the first time, with 2.7 million workers being granted a pay increase. The Fair Work Commission increased

Farmers facing 70% drop in profits in 2026-27

Australian Farmers are facing a 70 percent drop in profits next financial year off the back of higher costs and lower production. Australian Bureau of Agricultural and

Inflation down but price pressure still running high

Annual inflation fell in April this year, taking some pressure off households who are being smashed by high interest rates and ongoing cost burdens. The Consumer Price

Housing was already slumping before the Federal Budget

By James Graham To say this year’s Federal Budget has ruffled some feathers would be an understatement. The Albanese government announced major reforms to two tax

Winter crops impacted by weather and high costs

Australia’s winter crop is expected to be reduced this year off the back of mixed weather and increased input costs. Queensland is expected to have the biggest

International ruling breaks right-to-strike deadlock

By Shae McCrystal The International Court of Justice has just resolved a 14-year dispute over workers’ right to strike – giving trade unions worldwide a significant

Jobless jump increases prospect of stagflation

By Shane Rodgers A jump in the unemployment rate in April has increased fears that the economy is on a path to “perfect storm” stagflation. Stagflation occurs when

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