An unexpectedly large jump in the monthly consumer price index is unwelcome news for the Reserve Bank of Australia in its lengthy inflation battle. The monthly consumer price index rose four per cent over the 12 months to May, above expectations and up from the 3.6...
Scammers will have a harder time impersonating Australian businesses through text messages following a government crackdown. Laws introduced to federal parliament on Wednesday will set up an SMS sender ID register, which will aim to better protect Australians from text message scams. Companies that send texts out...
Renewable energy backed up by storage and gas is the cheapest way to power Australia’s $2.7 trillion economy in the transition to net zero in 2050, when electricity demand is expected to double. In its latest roadmap report, the Australian Energy Market Operator (AEMO) has confirmed...
Facebook’s parent company Meta could be legally forced to carry Australian news on its platform or face new taxes to support local journalism, under proposals being considered by the federal government. The ideas were raised at the Social Media and Australian Society inquiry on Tuesday, where...
Cash will keep moving across Australia after transporter Armaguard secured a $50 million bailout from the country’s biggest banks and retailers. The agreement, funded by the Commonwealth, Westpac, NAB and ANZ banks, along with Coles, Woolworths, Wesfarmers and Australia Post, means Armaguard will receive monthly payments...
Shoppers could pay lower prices for higher quality produce as the government cracks down on anti-competitive behaviour at the major supermarkets. The federal government on Monday announced it will accept all 11 recommendations of a recent review into the voluntary Food and Grocery Code of Conduct...