Will a second rate cut be enough to settle the nerves of businesses and consumers spooked by global trade uncertainty? Donald Trump’s tariffs have weighed on sentiment in recent months, stifling an expected economic recovery in 2025. Household confidence spiked following the Reserve Bank’s first interest rate...
Australia could miss out on vital health, entertainment and productivity breakthroughs if it introduces rigid artificial intelligence rules rather than taking a balanced approach like some of its neighbours. Google-Alphabet Senior Vice President James Manyika issued the warning while attending an AI summit in Sydney on...
Anthony Albanese has pledged to implement lasting and meaningful change in his second term as prime minister, promising his government can meet the moment against challenging circumstances. In his first major speech since winning an expanded majority at the May election, the prime minister said the...
The coalition’s new finance spokesman has conceded campaigning against tax cuts was a significant error, promising to push for lower rates in the next term of parliament. James Paterson said the coalition’s position against Labor’s two-part tax cuts, which would be a reduction of more than...
The Greens are “absolutely ready” to work with Labor to make proposed changes to superannuation, acknowledging the mandate voters gave the Albanese government at the election. Labor is looking to double the tax rate of super balances above $3 million to 30 per cent, in a...
The prime minister is confident unions and business groups will find common ground in dealing with flagging rates of productivity. Anthony Albanese announced a productivity roundtable would be held in Canberra in August to find ways on lifting economic output. Experts are concerned about Australia’s lagging rate...