Economy

Increased household spending trend continues

Household spending increased for the 16th consecutive month in June, according to an ABS report.

Cost of living hits cooking oil hard as shortages push food prices, creating headaches beyond the food chain

2022 has threw many punches at consumers, with inflation running at the fastest pace in more…

United States reverses decision on psychedelic drugs

The US Drug Enforcement Agency (DEA) has reversed its decision to schedule five psychedelic substances under…

Unemployment rate falls to lowest level since 1974

The unemployment rate has fallen to 3.5 per cent in Australia which is the lowest level…

Twitter sues Elon Musk to continue with US$44b takeover

Twitter has sued the world's richest man to complete the US$44 billion (A$64 billion) takeover deal.

NSW flood victims to receive $1000 from government

Federal Government pledges $1000 disaster payments for the NSW flood victims.

ASIC sues Mercer Financial Advice for misleading customers

ASIC has sued Mercer Financial Advice for allegedly misleading customers about fees and services that were…

Samsung Electronics Australia to pay $14m in penalties after misleading consumers

Samsung Electronics Australia has been ordered to pay $14 million in penalties after admitting it misled…

ACCC ready to enforce new button battery laws

The ACCC has warned it will be cracking down on businesses compliance with the new button…

WTO locks in global trade deals following charged talks

The World Trade Organisation (WTO) on Friday approved a series of major trade agreements after a…

Japan trade deficit driven to 8 year highs over weak currency

Japan has recorded its largest trade deficit in over eight years, coming in at 2.39 trillion…