News
Transport companies at risk of shutting due to rising petrol prices
4+ hour, 27+ min ago (1364+ words) John Di-Losa has made a number of changes this year to keep his business afloat. (ABC News: Darryl Torpy) An increase in fuel prices is putting pressure on Australia's road transport industry. The sector saw one in 12 businesses shut last…...
NAB warns rising petrol prices could drive inflation above 5 per cent
17+ hour, 3+ min ago (934+ words) Fuel prices hit more than $2.25 in Sydney on Monday. (ABC News: John Gunn) Global oil prices have spiked dramatically amid war in the Middle East, with Brent crude rising more than 25 per cent on Monday afternoon. Petrol prices have surged,…...
Australians likely face price hikes amid Middle East uncertainty, treasurer warns
5+ day, 17+ hour ago (685+ words) Treasurer Jim Chalmers says the economic consequences of the war are "uncertain". (ABC News: Matt Roberts) Treasurer Jim Chalmers is warning the conflict in the Middle East will likely have a "very substantial" impact on prices and economic growth in…...
Breaking: Australia's economy growing at fastest rate in almost three years
5+ day, 23+ hour ago (383+ words) Australia's economy has grown faster than expected. (AAP: Dan Peled) Australia's economy was growing at an annual rate of 2.6 per cent in the December quarter, up from 2.1 per cent in the previous quarter. It is the fastest rate of growth…...
Digital price tags are coming and could change how much groceries cost
6+ day, 5+ hour ago (1511+ words) Australia is rapidly adopting digital prices tags while lawmakers and unions in the US want them banned from supermarkets. (Getty: d3sign) From supermarkets to hardware stores, bottle shops to pharmacists, paper price labels are being ditched for digital ones. These unobtrusive…...
Strikes on Iran throw spanner in the works for inflation as oil and gas prices surge
6+ day, 16+ hour ago (116+ words) VIDEO: Strikes on Iran throw spanner in the works for inflation as oil and gas prices surge'Australian Broadcasting Corporation VIDEO: Strikes on Iran throw spanner in the works for inflation as oil and gas prices surge With Iran attacking other…...
The ACT's fiscal situation is dire, but there are no 'easy fixes"
6+ day, 18+ hour ago (1362+ words) The ACT's financial management has been criticised by an economist, but all agree there are no "easy fixes". (Unsplash: Fabian Blank) An independent economist has laid the blame for the ACT's financial woes at the feet of the government, saying…...
RBA boss says March rate hike a 'live' possibility amid Iran 'supply shock' warning
1+ week, 2+ hour ago (1080+ words) Economists have warned that Australian petrol prices could rise by 40 cents a litre in coming weeks. (Reuters: Raheb Homavandi) Reserve Bank governor Michele Bullock says it is too early to know what impact the Middle East war will have on…...
Economists warn Iran's oil stoppage could impact households
1+ week, 23+ hour ago (107+ words) Economists warn Iran's oil stoppage could impact households'Australian Broadcasting Corporation Program: Economists warn Iran's oil stoppage could impact households Western allies have thrown their support behind the United States and Israeli strikes on Iran. The United Nations has condemned the…...
How young people are coping with the rising cost of living
1+ week, 3+ day ago (1173+ words) Are you worried about money? With interest rates on the rise again, house prices continuing to soar, and inflation outpacing wages, it's no surprise that many people are struggling with the cost of living. Increasingly, young Australians say they're not…...