Jobless rise ‘no surprise’ for watchful Reserve Bank
A recent jump in the unemployment rate took most economists by surprise but not the Reserve Bank, its governor says. Tightness in the labour market was a key concern of…
Activists protest bank’s fossil fuel investments at AGM
Activists are urging shareholders in Australia’s largest investment bank to vote in favour of a resolution calling on the firm to disclose the full extent of its stakes in coal,…
Trump to make his presence felt at the Federal Reserve
US President Donald Trump, a strong critic of Federal Reserve Chair Jerome Powell, is planning an imminent visit to the central bank. Trump has lambasted Powell repeatedly for not cutting…
Women greenlit to sue Qatar Airways over strip searches
Several Australian women allegedly forced to submit to invasive strip searches at Doha’s Hamad airport have been given the go ahead to sue Qatar Airways after a “long and stressful…
Australia could be sued as ruling propels climate push
A historic international court ruling could open the door to Australia being sued by its Pacific neighbours over inaction on climate change. The International Court of Justice at The Hague…
First week Parliament. Labor calm, but expect upheaval soon
The 48th Parliament’s first week has featured an extraordinary display of political upheaval everywhere except in the Labor Party. Michael Pascoe reckons that won’t last. When Liberal shadow minister Dan…
Real reasons for sky-high rental prices revealed
A post-pandemic surge of international students contributed to rents spiking but was not a major inflation driver, central bank research finds. Large swings in foreign student numbers have a particularly…
Asian shares, Aussie dollar climb on market optimism
Shares in Asia have rallied and the Australian dollar has hit an eight-month high as optimism over earnings and trade supported demand for higher yielding assets. Tokyo’s broad Topix gauge…
Tesla profit plunges as Musk turns buyers off
The fallout from Elon Musk’s plunge into politics is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company said…
US beef unlikely to flood Australia as ban lifted
Australian cattle producers have been left blindsided by a decision to lift a ban on US beef, but the level of American product arriving in Australia is expected to be…