Gareth Hutchens

A new report says Australia can capitalise on AI, with valuable cards to play strategically.

Supermarket giant Woolworths will begin consultations with potentially affected staff today after announcing plans to shift some operations offshore.

ASIC tells Senate estimates it has eight active contracts with KPMG, despite the company facing an audit scandal. Meanwhile, the ASX lost ground. Catch up on the day's events and insights in our live markets blog.

RBA governor Michele Bullock says she is not concerned about stagflation or a wage-price spiral

Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter.

Australia's minimum wage will increase by 5.97 per cent, and minimum award workers will get a 4.75 per cent pay boost, in the Fair Work Commission's (FWC) annual wage review.

Millions of workers will get a 4.75 per cent pay rise after Fair Work raised modern award wages above the rate of inflation. Catch up on the day's financial news and insights from our specialist business reporters on our blog.

The government isn't rebuilding the Commonwealth Employment Service, but will its proposed changes fix a broken system?

Reserve Bank research shows property investment has become skewed towards higher-income households and is dominated by baby boomers.

Headline inflation decelerated in April, with consumer prices increasing at an annual pace of 4.2 per cent, down from 4.6 per cent in March.

Five leading economists weigh in on the budget and reply debate, embracing many of the ideas raised while also arguing that "bigger tax reform is needed."

The local share market rebounded Monday's heavy selling, as shares in Tuas made back some of their heavy losses. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

At the turn of the century, "aspiration" described Australians who wanted to put their kids into private school and university, and to build their wealth by getting an investment property or two. Today, it means something humbler; millions of younger Australians simply aspire to own a home one day, to have some shelter.

Treasurer Jim Chalmers is unveiling his fifth budget tonight, and housing for younger Australians will be a centrepiece. 

The International Monetary Fund found that thousands of Australians took on a second or third job when the RBA hiked rates rapidly in 2022 and 2023. It expected the opposite. 

The RBA lifts rates by 0.25 basis points to 4.35 per cent, which fully unwinds last year's rate cuts. But governor Michele Bullock says the rate rises will not stop higher inflation heading Australia's way from the Iran war.

Australian governments take on risk to get major resource projects up and running, so why don't they take an equity stake?

The Australian share market traded lower as the oil price surged above $US125 in afternoon trading. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 

Headline inflation surges to 4.6 per cent in March, but underlying inflation remains at 3.3 per cent.

ABS data shows a rise in inflation to 4.6 per cent in March, the highest since September 2023, after another negative day for the ASX with the Reserve Bank widely expected to lift interest rates again next week. Look back on our live blog.

Australia's share market lost ground on Tuesday, and Brent crude oil futures rose back above $US100 a barrel, while the Bank of Japan kept its overnight rate at 0.75pc. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.

Former Treasury secretary Ken Henry says the under-taxed resources sector has hollowed out Australia's economy, and raising more revenue from the sale of LNG resources was in the national interest. 

Supermarket giant Woolworths faced off with the consumer watchdog in court on Tuesday. The ASX 200 slipped into the red. Catch up on the day's events on the ABC News live markets blog.

Angus Taylor's criticism of high immigration puts a strange spotlight on his own party's policy legacy. 

Australia's unemployment rate remained at 4.3 per cent in March, but economists say cracks could start appearing in coming months.