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November 19, 2025

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Australian economy

Australian banks announce new anti-fraud platform to help quickly freeze scam payments

Move adds to ‘arsenal of anti-scam initiatives’ as consumer rights groups call for laws to see banks reimburse victimsGet our morning and afternoon news emails, free app or daily news podcastAustralian banks have announced a platform that will help the…

May 15, 2023
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UK ministers urged to intervene if Australian bank takes 100% of gas business

Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilitiesMinisters have been urged to intervene if Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take ful…

May 14, 2023
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Labor leaves door open for jobseeker recipients to work more hours before losing payments

Treasurer says government won’t rule out adopting Peter Dutton’s proposal for welfare recipients to be able to earn more before being penalisedFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app…

May 14, 2023
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Don Farrell invites Chinese commerce minister to visit SA family vineyard after Beijing meeting

The pair agreed to ‘step up’ dialogue to resolve outstanding trade issues and confirmed the review of China’s tariffs on Australian barley was ‘on track’Get our morning and afternoon news emails, free app or daily news podcastThe Australian trade minis…

May 13, 2023
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Crash between two school buses in Blue Mountains leaves eight in hospital – as it happened

Seven children and a driver were injured. This blog is now closedGet our morning and afternoon news emails, free app or daily news podcastMedicare benefits increase will help all patients, Butler saysThe surprise centrepiece of the budget was $5.7bn in…

May 12, 2023
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Has Jim Chalmers’s budget really poured fuel on the inflation fire? Don’t believe the hype

Headlines stoked fears of a ‘stimulatory’ budget, but you only need to look at the big banks and markets to see the reception was calmGet our morning and afternoon news emails, free app or daily news podcastIf you read or listen to much of the post-bud…

May 11, 2023
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Canavan says Coalition will ‘use every tactic’ to block housing bill – as it happened

This blog is now closed.Paul Karp: No love lost between Greens and Labor as standoff over housing bill boils overGet our morning and afternoon news emails, free app or daily news podcastTreasurer pushes ‘middle Australia’ benefits in budgetJim Chalmers…

May 11, 2023
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Australia’s trade minister says ‘de-escalation of rhetoric’ bearing fruit in trade spat ahead of China trip

‘We want everything back to the way it was’, says Don Farrell but cautions that problems won’t be fixed overnightGet our morning and afternoon news emails, free app or daily news podcastAustralian exporters are starting to see benefits from the “de-esc…

May 10, 2023
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Australia’s increase in welfare payments ‘is just a Band-Aid’, say low-income earners

‘I’m not going to be ungrateful, it will help … But the reality is, people like myself, we’re trapped,’ says Ricki SpencerGet our morning and afternoon news emails, free app or daily news podcastFor Ricki Spencer, the cost of living announcements in Tu…

May 10, 2023
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Project to build navy frigates in Adelaide faces ‘significant’ cost blowouts, report says

Australian auditor’s office finds defence department’s procurement process lacked ‘value for money’ focus Get our morning and afternoon news emails, free app or daily news podcastA $45bn naval shipbuilding project faces “significant” cost blowouts afte…

May 10, 2023
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