Economy

HomeEconomy

Countries cut billions from international aid donations

Countries across the world are reducing international aid, with contributions dropping by more than seven percent last year. OECD Secretary-General Mathias Cormann said

Defence industries add $11.9 billion to national economy

South Australia is driving double-digit annual growth in Australia’s defence industry. The latest Australian Bureau of Statistics (ABS) data shows the sector

90 percent vote ‘Yes’ to split from CFMEU

Australia will soon have a new trade union after members of the CFMEU Manufacturing Division voted overwhelmingly to leave the CFMEU. National Secretary of the

Millions returned in the wake of dodgy deals

Queenslanders were reimbursed to a tune of almost $12 million last year, as a result of complaints to the Office of Fair Trading. State Attorney-General Deb Frecklington

Holidays align to drive bumper $6 billion spend

The combination of school holidays, Easter and Anzac Day is expected to drive consumer spending to more than $6 billion over this period. New data from ANZ shows the

Right to choose workplace lifts engagement

Australian workers have some of the lowest levels of workplace location flexibility in the world, leading to declining engagement rates. The latest ADP Research People

Posting a letter likely to cost a bit more

The price of posting an ordinary letter is likely to rise after the Australian Competition and Consumer Commission (ACCC) said it was unlikely to oppose an

Major bank predicts faster drop in interest rates

A major bank has revised its interest rate forecast, suggesting that rates could fall by more than one percent during 2025. National Australia Bank Chief Economist Sally

Climate change could smash global economies

A rise of four degrees in global temperatures would cut world Gross Domestic Product (GDP) by 40 percent by 2100, new modelling shows. The UNSW Institute for Climate

Workplace music can be a damaging mood killer

Workplace music that fails to match job rhythm is a mood killer and energy zapper that encourages poor employee behaviour, new research has found. Lead researcher

Subscribe to our newsletter

Newsletter