Online retail therapy is still booming despite the cost-of-living crisis putting pressure on Australian wallets. Even with inflation leading to more expensive groceries, interest rates remaining high and wages staying relatively stagnant, Australians are choosing to pop items into their online shopping baskets. Australia Post’s latest report...
Australian consumers and business face the prospect of a sluggish economy through early 2025, according to leading indicators. An index of future-focused data points compiled by Westpac and Melbourne Institute “marginally improved” in June while signalling lacklustre growth in the second half of 2024 and early...
Businesses that replace workers with artificial intelligence tools should pay additional taxes, an inquiry will hear, as well as calls for restrictions on the use of the technology and greater government oversight. The calls are expected at the Adopting Artificial Intelligence inquiry at Parliament House on...
Federal Labor is falling behind in the polls, with a new survey showing cost of living pressures are denting its standing with voters. The government’s primary vote remains at 28 per cent, against a rise for the coalition to 38 per cent, from 36 per cent,...
Consumers in NSW face the biggest bill shock from the nation’s delays in transmission infrastructure to support renewable energy, independent modelling shows. Households and businesses face higher electricity bills unless federal and state governments get investment back on track, Nexa Advisory chief executive Stephanie Bashir warned...
Australia urgently needs to restrict the use of AI to protect workers, an inquiry has been told amid warnings the technology has already been deployed to cut creative jobs and replace humans with digital clones. The call comes after the Senate inquiry heard one voice actor...