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Showing 201 - 210 of 9340 results for "Economics"

Productivity woes endure in March quarter

ANDREW MCKEAN  |  FRIDAY, 20 JUN 2025
Productivity, a concept treasurer Jim Chalmers recently described as too often seen as "cold" and "almost soulless," despite it being, as he also noted, the best way to improve people's lives over time, was stagnant in the March quarter and declined ...

Resilient job market reduces rate cut probability: Experts

MATTHEW WAI  |  FRIDAY, 20 JUN 2025
While the Australian unemployment rate remained unchanged, experts are becoming less optimistic we'll see many more rate cuts this year. The Australian labour market remained robust in May, with the unemployment rate sitting at 4.1%, Australian Bureau ...

Chalmers champions productivity, urges tax reform

ANDREW MCKEAN  |  THURSDAY, 19 JUN 2025
Treasurer Jim Chalmers has cast productivity as the government's chief priority, with budget sustainability and resilience also among its key focuses but made the case that sensible progress can't be made without proper consideration of more tax reform ...

Australian wealth increases despite variable global growth: UBS

MATTHEW WAI  |  THURSDAY, 19 JUN 2025
Australia saw a 10% jump in median wealth, with latest findings showing the country is seeing a more "equal spread" of wealth than most nations. The UBS Global Wealth Report 2025 shows that despite the global wealth increase, the speed of growth was ...

Treasury welcomes new leader

MATTHEW WAI  |  WEDNESDAY, 11 JUN 2025
... experience, Wilkinson served as a member on the ANU Tax Transfer Institute advisory board, the ANU College of Business and Economics advisory board, the Grattan institute Public Policy Committee and the Melbourne Institute advisory board. Commenting ...

ECB drops interest rates by 0.25%

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
The European Central Bank (ECB) lowered its benchmark interest rates by 25 basis points overnight as inflation comes within its target levels. The three key interest rates on the deposit facility, main refinancing operations and the marginal lending ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
The National Minimum Wage and all modern award minimum wage rates will increase by 3.5% on July 1. The minimum wage is currently $24.10 an hour and, following the Fair Work Commission's decision today, will rise to $24.95 an hour. This equates to a ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
... members. At the time, ASIC was entitled to seek a significantly higher penalty of $140 million. ASIC later told the Senate Economics Committee it did not seek a higher penalty, in part, because there is law prohibiting penalties being paid directly from ...

COVID 'masked' issues at core of productivity problem: PC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
The COVID-19 pandemic led to a "productivity bubble", in which measured labour productivity rose to a record high between January 2020 and March 2022 before returning to pre-pandemic levels in June 2023, the Productivity Commission (PC) has revealed. ...

Small construction firms drag productivity: CEDA

KARREN VERGARA  |  TUESDAY, 27 MAY 2025
Australia's laggard construction productivity and deepening housing crisis have been made worse by the small businesses that dominate the sector, the Committee for Economic Development of Australia (CEDA) says. While several factors have contributed ...