Traders upped their bets for a Reserve Bank rate hike in March to a one-in-three chance after the central bank’s governor said the meeting would be “live”. While Michele Bullock was careful not to signpost the RBA’s decision on March 17, her comments disabused any doves...
Higher spending on defence, data centres and Black Friday sales has helped the economy grow at its fastest pace in almost three years, boosting living standards but raising fears of more interest rate hikes. Gross domestic product expanded 0.8 per cent in the December quarter, above...
The bosses of Australia’s largest companies have urged Treasurer Jim Chalmers to take a bold agenda to the May budget to salvage the country’s faltering international competitiveness. Speaking at the Australian Financial Review Business Summit, Commonwealth Bank chief executive Matt Comyn urged business leaders, economists and...
Progress to close the gender pay gap appears slow and steady, but some of Australia’s biggest employers are being called on to take more action to improve equality in the workplace. Almost 5.9 million workers now have access to their company’s latest pay gap information after...
Young people see the housing market as being stacked against them, Australia’s housing minister says, as the Greens call for drastic changes to property tax concessions. Clare O’Neil continues to play a straight bat to suggestions the government is considering scaling back the capital gains discount...
More of the retirement savings of 14 million Australians will be invested in Canada under a landmark initiative signed in front of their visiting prime minister. Mark Carney kicked off his four-day Australian tour at an event in Sydney where the two nations’ super-sized pension funds...
In a time of climate change and strained housing affordability, sometimes it pays to think small. At just 50 square metres, the apartments and townhouses inside the Two Sisters development in North Melbourne are far smaller than the 236 sq m average Australian home – the...
Millions of Australian workers would receive an extra week of paid leave each year if a union push to change federal employment standards succeeds. The Australian Council of Trade Unions on Wednesday launched a bid to increase the standard annual leave entitlements from four to five...
WHAT WE KNOW ABOUT VICTORIA’S PLAN TO LEGISLATE A RIGHT TO WORK FROM HOME: * Victoria’s Labor government has announced its plan to enshrine working from home into law in August * Under the proposed laws, private and public sector workers who can “reasonably” do their job...
The internet watchdog will track thousands of Australian families to assess the impact of the world-first social media ban on teenagers. The evaluation, led by the eSafety Commission’s research team, aims to understand how the law which kicked in last December works in practice and its...