Economy

Women shopping for vegetables. | Newsreel

Fruit and vege prices drive inflation to 3.8 percent

Housing and food prices, including a more than six percent rise in the cost of fruit and vegetables, drove a one percent rise in the Consumer Price Index (CPI) last
Read more 31 July 2024
McDonalds experienced a rare fall in sales over the past 12 months - Newsreel

Maccas hit with rare global sales drop

McDonalds has experienced its first global sales drop in four years as the post-pandemic cost-of-living roller coast continues. The food giant reported that global
Read more 31 July 2024
Woman worried about credit card. | Newsreel

High-interest cards cost Aussies over $468m

Australians cost themselves more than $468 million over the past six years by not switching to low-interest credit cards. A new Australian Securities & Investments
Read more 30 July 2024
Dwelling approvals slump as renovation booms - Newsreel

Dwelling approvals slump to a 12-year low

Dwelling approvals have fallen to the lowest level in more than a decade despite the ongoing housing supply crisis. At the same time, renovation spending hit an all-time
Read more 30 July 2024
Ai v person in chess. | Newsreel

AI learning can give highly-skilled an edge

Highly skilled workers have been advised to embrace artificial intelligence (AI) to enhance their skills and gain a competitive advantage. A new study by the University
Read more 30 July 2024
OECD report says employers becoming less reliant on formal qualifications.

Surprise shift in global hiring practices

Employers are spending more time validating the acquired skills of potential employees rather than relying on institutional or formal qualifications. This is helping to
Read more 30 July 2024
Man and woman shopping at shopping centre. | Newsreel

More shoppers prefer in-store experience

The number of Australian consumers who prefer to shop in-store jumped by five percent in the past year. The latest Shopify Retail Report found that while a large amount
Read more 29 July 2024
Chinese woman are resisting the pressure to have more children - Newsreel

China struggles to address falling birth rate

China is the latest in a growing number of countries seeking ways to address declining fertility. The Asian giant recorded a population fall for the second consecutive
Read more 29 July 2024
Korea is facing major economic and social headaches from declining birth rates - Newsreel

Korea faces big challenges from low birth rates

Korea is facing major economic and social challenges as its birth rate plummets to the lowest in the world and pet strollers outsell baby prams. A report from the OECD,
Read more 29 July 2024
Cattle in yards. | Newsreel

Cattle drives Queensland’s agriculture sector

Queensland’s beef and meat processing industries contributed more than a third of the $22 billion the agriculture sector delivered to the state’s economy last
Read more 25 July 2024