Australia could be heading back to the runaway inflation of the 1970s and 1980s if people lose faith in the Reserve Bank, a top central bank official says. Speaking at a panel of economists during the International Monetary Fund spring meetings in Washington DC, Reserve Bank...
Treasurer Jim Chalmers is en route to the US for crucial talks as the IMF delivered a dire forecast for Australia’s inflation rate and warned of a global recession. Dr Chalmers will discuss the economic maelstrom with international counterparts at the IMF-World Bank Spring Meetings, as...
Motorists are cashing in on falling petrol prices following a ceasefire in Iran but relief may be short-lived, with the scenario expected to remain volatile for months. Prices at the bowser have dipped below $2.10 a litre and under $3 for diesel for the first time...
The Iran war has yet to hit Australia’s robust labour market, but a double-blow to unemployment from higher oil prices and the Reserve Bank is on its way. The jobless rate held steady at 4.3 per cent in March, despite the Middle East conflict raising fears...
It is not just about the office playlist: artificial intelligence technology could deepen Australia’s generation gap in the workplace. A study released by analytics firm Amplitude on Thursday found older workers were significantly less likely to trust decisions by AI tools than their younger colleagues, creating...
More Australians will switch to an electric car if petrol prices continue to rise, a study has found, with two in five naming electric and plug-in hybrid electric models as their preferred vehicle choices. The trend has emerged as more motorists named fuel savings as their...