Analysts are warning mortgage holders an interest rate rise could be just weeks away, after surprisingly strong jobs figures heightened the Reserve Bank of Australia’s concerns about inflation. Forecasters were taken off guard by the resilience of Australia’s labour market. The unemployment rate fell to 4.1 per...
Australian firms are noticing an easing in a key business pressure, taking some steam out of calls for the Reserve Bank to hike interest rates. But while capacity utilisation cooled slightly in December, it remains above the long-run average and won’t stop the central bank from...
An influential global body has welcomed Labor’s move to reduce superannuation tax concessions and rein in spending but wants more reforms as long-term pressures weigh on the budget. The Organisation for Economic Co-operation and Development’s missive comes as Treasurer Jim Chalmers progresses reforms from 2025’s productivity...
A load of washing and pool pumps running in the middle of the day could save households hundreds of dollars a year once electricity is made free during a three-hour window. Government modelling of the savings possible under an incoming free solar scheme suggests a family...
Australians are using artificial intelligence tools to impress their boss and cut hours from their working week but the technology is also creeping into the kitchen and renovation plans. Preparing special meals for friends and family has emerged as the surprising top use for ChatGPT in...
Self-driving cars without seats, windows or steering wheels could be manufactured in Australia within the year after a $30.7 million funding boost. The National Reconstruction Fund announced its investment in Melbourne-based Applied Electric Vehicles on Wednesday, in a transaction that will make up more than half...