Pedal to the metal for home prices as rates fall
Interest rate cuts and government first homebuyer schemes will put a rocket under property prices over the next financial year. The value of a median house in Australia will grow…
PM may play NATO trump card to score US president talks
Australia’s chances of tariff exemptions remain uncertain as the prime minister returns from an overseas trip without having spoken to Donald Trump. Prime Minister Anthony Albanese’s much-anticipated plans to hold…
Unemployment to hold steady as pay packets swell
Australia’s jobless rate is tipped to remain low, while those seeking new work are in line for a boost to their pay packets. Labour force figures for May, to be…
Treasurer throws down gauntlet for ‘crucial’ tax reform
The groundwork has been laid for Australia’s most substantive attempt at tax reform in more than two decades as the treasurer promises to “grasp the nettle” on the thorny issue.…
UK inflation slows in May but food prices jump
British inflation slowed as expected in May, pulled down by air fares that leapt in April and the correction of a tax data error, although food prices shot up at…
Power customers promised tougher rules on price gouging
Electricity customers can expect a tighter safety net to protect them from unfair price hikes under changes flagged by the federal government. In his first post-election address, Energy Minister Chris…
‘Fastest way out’: Iran urged to end nuclear ambitions
Australia’s foreign minister has urged Iran to give up its nuclear program as fears grow its conflict with Israel will intensify into full-scale war. As speculation grows the US is…
Optus says yes to $100m fine for dodgy sales tactics
Optus is on the hook for a $100 million fine after it pressured Aboriginal customers in remote regions into buying phone products they did not need or want. The nation’s…
Tax reform crucial to boosting productivity: treasurer
Tax reform is “crucial” to addressing Australia’s economic challenges, Treasurer Jim Chalmers has said in his strongest signal yet on the thorny issue. Boosting stagnant productivity, bringing the budget back…
PM eyes another possible Trump meeting later this month
The prime minister hopes to get face time with Donald Trump “soon” after playing down the US president’s decision to cancel a highly anticipated one-on-one. Anthony Albanese’s plan to meet…