Economy

Mega yachts. | Newsreel

World eyes bulging billionaire balance sheets

Australian billionaires have increased their wealth by more than 70 percent in less than five years. New analysis from Oxfam, released today ahead of a meeting of G20
Read more 25 July 2024
Woman waiting for electric car to charge. | Newsreel

Call to invest in onshore processing ability

Australia needs increased investment in its mineral processing industry to take full advantage of the global energy transition. A new report from the CSIRO said
Read more 24 July 2024
Vanadium graphic. | Newsreel

State targets investors with critical information

Investors can now more easily identify opportunities in Queensland’s critical minerals industry through two new products. The Queensland Critical Minerals Prospectus,
Read more 24 July 2024
Woman in clothing shop on phone. | Newsreel

Green shoots in consumer confidence

Australian consumer confidence has hit a six-month high, with the largest weekly jump in more than three years. ANZ Economist Madeline Dunk said consumer confidence rose
Read more 23 July 2024
Woman eating Wagu beef in Japan. | Newsreel

Beef industry benefits from US destocking

Destocking in the United States, drought in South America and a declining Chinese economy are impacting Australia’s beef industry. The latest Global Beef Market update
Read more 23 July 2024
Fruit and vegetables in garbage container. | Newsreel

Food waste takes billions off the table

Australians throw away more than $36 billion worth of food each year, with 70 percent of it still edible. The issue of food wastage is being highlighted as a two-day
Read more 23 July 2024
Racing horse's head. | Newsreel

Racing returns $2.4 billion to state economy

The racing industry has doubled its contribution to the Queensland economy in the past eight years, tipping in $2.4 billion last year. Racing Queensland released its
Read more 23 July 2024
Net zero drives some positive job trends -Newsreel

Net zero to drive some positive job trends

The global movement towards net zero greenhouse emissions by 2050 is likely to have a relatively positive impact on employment, a new OECD assessment concludes. The 2024
Read more 23 July 2024
Solar panels on roof. | Newsreel

$17 billion upside to housing upgrades

Energy efficient upgrades to low-income housing has the potential to grow Australia’s economy by $17 billion. An Australian Council of Social Service
Read more 22 July 2024
Men shaking hands on work site. | Newsreel

Unemployment rate remains over 4 percent

Australia’s unemployment rate rose to 4.1 per cent in June. Australian Bureau of Statistics (ABS) data shows the seasonally adjusted rate rose by less than 0.1
Read more 18 July 2024