Tag #Australian Economy

Showing 61 to 72 of 82 results

dailymail.co.uk
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Falling Inflation Fuels Speculation of Early Australian Election

Australia's headline inflation fell to 2.4 percent in the December quarter, prompting the Labor government to consider an early April election to avoid releasing a deficit budget before the campaign; however, the impact on voters remains unclear given 12 previous rate rises.

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60% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Job Growth Fuels Inflation Debate Ahead of Election

In Australia, over 87 percent of job growth since March 2023 has been in public sectors like health and education, raising inflation concerns and becoming a key election issue, with economists and government officials offering differing perspectives.

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64% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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NDIS Workforce to Surpass Mining and Agriculture by 2025-26

The National Disability Insurance Scheme (NDIS) is projected to employ more people than the mining or agriculture industries by 2025-26, creating a large new sector of the Australian economy, but this comes with challenges of managing its exponential growth and cost.

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52% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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Australian Dollar Plummets to Lowest Since Pandemic

The Australian dollar has fallen to US61¢, its lowest point since the pandemic's start, due to a weak Chinese economy, potential US tariffs, and fewer expected US rate cuts; this impacts inflation, the government budget, and house prices.

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40% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Queensland Premier Rules Out Bailout for Star Entertainment, Prioritizes Job Protection

Queensland Premier David Crisafulli vowed to protect jobs at Star Entertainment Group's Brisbane casino if the company enters administration, but ruled out financial aid, prioritizing workers over the company itself, after the company revealed a $79 million cash reserve at the end of 2024 and burned...

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48% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Albanese Proposes Four-Year Parliamentary Terms Amidst Low Poll Ratings

Australian Prime Minister Anthony Albanese is proposing extending federal parliamentary terms from three to four years, aiming for greater political stability amidst a recent poll showing Labor trailing the Coalition by 53% to 47%.

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48% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Catch.com.au to Close Amidst Fierce E-commerce Competition

Catch.com.au, owned by Wesfarmers, will cease operations on April 30th due to intense competition from Amazon, Shein, and Temu, resulting in nearly 200 job losses but a transfer of 100 e-commerce roles to Kmart, which will utilize Catch's warehouses. Wesfarmers bought Catch in 2019 for $230 million ...

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36% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australia's "Tall Profits Syndrome" Stifles Economic Growth

Australia's "tall profits syndrome," where high corporate profits attract criticism, is hindering economic growth and job creation, contrasting with more positive attitudes in other countries, as evidenced by lower Australian corporate profits and productivity compared to the US.

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52% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Melbourne's Premium Suburbs See Sharp House Price Drops in 2024

Melbourne's premium suburbs experienced significant house price drops in 2024, creating a buyer's market. Toorak's median price fell 26.4% to $4.2 million, while other areas like South Yarra and Armadale saw double-digit declines, driven by reduced borrowing capacity and increased housing stock. Con...

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40% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Share Market Set to Fall on Unemployment Concerns

Concerns about stronger-than-expected Australian unemployment figures and a weak lead from Wall Street, where US stocks fell due to worries that good news on the job market may be too good, are expected to cause the Australian share market to fall on Monday morning, with futures for the S&P ASX 200 ...

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52% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Australia's CPI Rises, Exceeding Expectations

Australia's November annualized CPI increased to 2.3%, exceeding forecasts, driven by higher food and beverage prices, while trimmed mean inflation slowed to 3.2%.

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24% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australia's Economic Inequality: A Falling Healthcare System and a Widening Wealth Gap

Australia's healthcare system, once a world leader, has fallen to eighth place globally, reflecting a broader trend of increasing economic inequality where the top 10% of households hold 44% of the nation's wealth, while the lowest 20% possess only $41,000 on average.

Progress

60% Bias Score

Reduced Inequality

Showing 61 to 72 of 82 results