Australia is set for longer, higher inflation, an influential global economic body has remarked, as it warns of a “prolonged correction” if the AI bubble bursts. The International Monetary Fund’s forecast for Australia’s economic growth was unchanged in its latest World Economic Outlook update, released on...
Household spending continues to build momentum, heightening expectations of a Reserve Bank rate hike. After official figures released on Monday showed stronger-than-expected spending in November, data from Commonwealth Bank revealed no let-up in consumption despite a gloomier outlook for interest rates. CBA’s household spending insights report, derived...
Most Australian workers are honing artificial intelligence skills on their own time but more access, greater control and strict rules might be needed to boost its adoption in workplaces. Software firm Salesforce on Tuesday released the findings from a study of more than 2000 workers which...
Treasurer Jim Chalmers faces a renewed push to reform capital gains taxes, with pressure mounting from economic think tanks, anti-poverty advocates and even the NSW government to make the system fairer for all Australians. Critics argue a Howard-era change to the way profits on investments are...
There is a sharp divide in men’s and women’s confidence in their lives after work, with women significantly more worried and less likely to seek help. Nearly three in every four Australian women are worried about having enough superannuation to retire on, compared to 56 per...
Australian workers are growing nervous about the impact of artificial intelligence technology on recruitment, leading many to throw their arms around an emerging employment trend: job-hugging. The growing movement, unlike job-hopping and quiet-quitting, could affect the number of roles employers advertise in 2026 as more people...
Going back to work after the summer holidays can feel brutal. Alarm clocks are reset, inboxes are brimming over and the freedom of long days, late nights and unstructured time evaporates overnight. For many Australians, the emotional crash is heightened by the contrast between beach weather and...
A US tech giant will collaborate with Australian unions on rules for using, designing and deploying artificial intelligence technology. Microsoft Australia signed a framework agreement with the Australian Council of Trade Unions (ACTU) on Thursday in what the organisations say is the first partnership of its...
The next-generation of solar technology could be cheaper, more efficient and a step closer to reality after advances by a team of Australian scientists. The group, from the University of NSW, published evidence they had improved performance from a promising solar cell material this week and...
Children whizzing to class on e-bikes and e-scooters have worried drivers calling for them to be banned for the school commute. Nearly 40 per cent of drivers want the electric-powered devices banned from school zones altogether, a survey by insurer AAMI reveals. Motorists cited children’s lack of...