Australia 'Better deal' for suppliers as supermarkets face fines Supermarkets face fines of up to $10 million if caught breaching a grocery code of conduct that will become mandatory. Australian Associated Press • 4 days ago Fresh hope for those wanting to buy own home sweet home Australians locked out of the housing market will soon have a viable option to buy their own piece of paradise with a significantly smaller deposit. Aged care revamp to shake up Australians' golden years Older Australians will be able to live at home for longer and receive better protections in aged care after a sector overhaul passed parliament. $75 billion industry under pressure as Aussies stop eating one thing The cost of meat may be part of the reason Australians are eating less red meat and more chicken. Indian billionaire Adani charged over bribery scheme The US has indicted Indian tycoon Gautam Adani on charges he duped investors in a major solar project in India by hiding its links to an alleged bribery scheme. Coalition vows to overturn extra Future Fund priorities Adding clean energy and housing as supplementary investment priorities for Australia's sovereign wealth fund has drawn sharp rebuke from the opposition. Call for Google to sell Chrome to end search monopoly US regulators want to force Google to sell its Chrome browser as part of the penalty for monopolising the online search market. Changes to super to bolster transparency and quality Retirees hoping to use their savings will be offered improved transparency and information as the government introduces changes to superannuation. Premier flags tax stability for multinational miners A mining boss has labelled Queensland's coal royalty scheme a 'sugar hit' as the premier looks to incentivise business with fewer taxes and regulation. Unlikely Aussies set to reap thousands as America's China move tanks iron ore Iron ore is one of Australia's most valuable commodities, and a shift in global politics could further gouge the nation's bottom line. IGA talks shop over cheaper prices at supermarket probe Bosses of the company supplying independent grocers say prices are consistently coming down, benefiting customers and their stores. Jobs still bright spot despite softer employment growth There may be cracks appearing in the labour market but it's still strong compared to pre-pandemic norms and taking a long time to unwind. 'It's a lifeline': relief as government hands Rex $80m The federal government will provide up to $80 million to keep Rex regional routes operating, a relief for rural communities fearing for their future prosperity. Australian economy prepared for Trump: Chalmers Treasurer Jim Chalmers believes Australia is well placed to deal with global financial shocks despite the looming threat of US tariffs. Trump factor unlikely to reverse clean energy momentum The "Trump factor" is unlikely to derail renewable energy momentum, a peak body says, as data on financial commitments suggests Australia is back on target. $2.1 trillion China warning as Australia's iron ore ice age intensifies: 'No save' Australia's iron ore Ice Age is just getting frostier ... and there will be no save. Climate investors told to press ahead despite Trump A leading economist has urged Australia to line up with countries that support climate action, arguing a Trump administration is likely to sideline US efforts. Chemist Warehouse price rise warning after $8.8 billon deal greenlit: 'We will rue this day' The ACCC will not oppose the discount pharmacy chain merging with Sigma Healthcare and there are concerns about what this will mean for customers. Major China warning for Australia after Donald Trump wins US election: 'Surprising' If Trump follows through with his tariff plan, it could have huge impacts for Aussies. Australia poised to work smarter not harder in AI era Healthcare, agriculture and finance are tipped as the biggest winners in the era of artificial intelligence as Australia chases long-elusive productivity gains. RBA inflicting 'grief and pain' as Aussies' livelihoods collapse: 'Tough times will remain' The RBA's decision to hold interest rates could have a big impact on the unemployment rate, writers economist Stephen Koukoulas. Australia needs to 'step up' critical minerals supply Australian firms need to sharpen their focus on critical minerals to power the world's green energy transition, an international relations conference has heard. Cost-of-living warning as RBA holds interest rates again: 'Don't hold your breath' Today is the race that stops the nation, but the RBA has been bringing many Aussies finances to a grinding halt as cumbersome interest rates squeeze the economy. Defence axes satellite program as threats outpace tech Defence says threats have outpaced a satellite system intended for the ADF, but the opposition says cancellation of the space project 'devastates' capabilities. UK PM pledges more reforms after budget hit to markets British Prime Minister Keir Starmer has moved to reassure markets after they were rattled by his government's big-taxing-and-borrowing budget. Strong sign RBA has to drop interest rate within days: 'Stunning' Australia has reached its inflation target band and the RBA risks unnecessary business failures and job losses if it doesn't cut interest rates. Dire warning over decaying Australian dollar: 'Below 50 cents' China's property catastrophe and the impending US election could have significant impacts on the Australian dollar. Pressure mounts on RBA as Michele Bullock warned against 'bizarre' decision: 'We got there' Inflation has hit a three-year low, so will the Reserve Bank give borrowers relief? Aussie jobs at risk as major retailer Mosaic Brands enters voluntary administration A retailer behind brands 'loved by generations of Australians' has entered voluntary administration. Australian industries risk catastrophe amid China and US crisis: 'Vulnerable' Economist Stephen Koukoulas is worried the Republican nominee's foreign policies could cause chaos. Government cash splash to remain at record-high as cost-of-living crisis rages on It is very unlikely the government will pull back on extra spend as Aussies are given better health, aged and child care. World on edge as Chinese yaun enters danger zone: 'Ever more angry' China is facing an 'insoluble problem' as it desperately tries to revive its flailing economy. World interest rate move that RBA must follow before it's too late: 'Act now' Australia's progress after enduring restrictive interest rates could be squandered if the Reserve Bank does not act. Treasurer's $6 billion China confession amid 'threat' to iron ore cash cow Jim Chalmers has visited the Asian superpower in an effort to rebuild relations as fears grow over its lagging economy. Inflation is down yet the RBA keeps making mistakes and it is costing you Inflation has hit the RBA's target band. So, why did the board not cut interest rates? China's interest rate move leaves Australia exposed: 'Future is grim' The slowdown of China's crude steel output as well as construction being outpaced by manufacturing could have big impacts on Australia. RBA interest rate call 'plays with fire' as Aussies face business collapse and job losses The RBA will deliver their cash rate decision this afternoon, and we'll be bringing you regular updates about what you can expect. Interest rates are about to be cut: 'RBA to eat humble pie' There's been a major development that shows why the RBA is about to swallow some humble pie and move to reduce interest rates. Australian iron ore set for a catastrophic shock as China crisis deepens: 'Relentless' China's relentless economic slide is hurtling Australia toward catastrophe and there's nothing to save us. China collapse fuelling $180 billion bloodbath as Australia's backbone threatened China's economic spiral could impact Aussies in ways they didn't imagine; from an interest rate cut to the collapse of an industry supporting our nation. RBA pressured to cut interest rates after cost-of-living update': 'Terrible' Economist Greg Jericho said the recent GDP figures were so bad that it could prompt the central bank to act. Treasurer's major $7.8 billion cost-of-living relief update: 'More help on the way' Treasurer Jim Chalmers acknowledged Aussies are "under the pump" on Monday and delivered an update on the cost-of-living relief rolling out in September Aussies 'devastated' as another popular brewery closes: 'Gutted' Atomic Brewery has added its name to a growing list of venues who have closed for good. Hypocritical RBA 'overlooking' key factor to cut interest rates: 'Obvious' The Reserve Bank of Australia is ignoring key factors that could allow them to deliver an interest rate cut as the economy 'limps along', writes Stephen Koukoulas. Workaholic exposes glaring issue in new Right to Disconnect Law: 'Prematurely celebrating' While they seem like a good idea in theory, there is one huge issue with the the new laws which should give workers pause, writes Miriam Sawan. Only way struggling Aussies will get an interest rate cut this year Cost of living remains front of mind for many Australians, so does this inflation drop mean you will find some relief? Major plan to tax Australia's biggest companies over 'excessive' profits: 'Enough is enough' Greens leader Adam Bandt will outline the Robin Hood scheme that could rake in hundreds of billions of dollars. Major backflip proves rent cap 'lunacy' won't save Australia: 'It is snake oil' Landlords left their homes empty when rent caps were introduced in Argentina and this example proves they won't work in Australia either. Great RBA misread risks Phillip-Lowe style interest rate mess: 'Ignoring the screams' The Reserve Bank said there will be no interest rate cuts in 2024, but the markets disagree. Major interest rate cut warning as RBA's hold prompts recession alert Struggling Aussies are desperate for any sign of good news to come as they await Michele Bullock's address this afternoon. Follow along for extensive coverage throughout the day.
