Economy

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
Woman shopping for clothes online. | Newsreel

Queenslanders lift online spend by 5 percent

Queenslanders love to shop online, with new data showing e-commerce grew more here than any other mainland state last quarter. The latest Australia Post report on the
Read more 18 July 2024
Young people engaging less with live music - Newsreel

Young people disengaging from live music

A decline in young people engaging with live music is among a plethora of challenges facing an industry that has also been hit with rising costs and ballooning insurance
Read more 17 July 2024
Business owner looking at bill. | Newsreel

Bleak forecast for hospitality businesses

Almost 10 percent of Australian hospitality businesses are predicted to fail over the next year, based on the latest credit data. CreditorWatch’s June Business Risk
Read more 17 July 2024
New mature mum. | Newsreel

First-time motherhood pushes into 30s

The age of first-time mothers in Australia is now over 30 and less than 10 percent of Aussies live in rural areas, according to new data. The Australian Bureau of
Read more 17 July 2024