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Economy

Artists, theatre owners confront dire cost-of-living spending slump leaving industry on the brink

by Kwame Phillips
Artists, theatre owners confront dire cost-of-living spending slump leaving industry on the brink

Aussie artists are in a struggle for survival. The first punch was Covid and now the country’s rolling cost-of-living crisis has pushed consumers to pull back their entertainment spend on …

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Right to disconnect laws can boost retention 40 per cent, research finds ahead of new laws

by Walter Watson
Right to disconnect laws can boost retention 40 per cent, research finds ahead of new laws

A long-running analysis of 24,000 workers has found the right to not be on call all hours of the day and night boosts productivity and retention, a study has found. …

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Meeting minutes to show RBA dancing to its own beat

by Anas Siddiqui
Meeting minutes to show RBA dancing to its own beat

The Reserve Bank of Australia is growing increasingly frustrated with “false prophets” attempting to pre-empt its cash rate strategy, but that won’t stop analysts from poring over every word of …

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‘Falling behind’: Small business risks revenue with old tech, while quarter of Aussies still use cash

by Walter Watson
‘Falling behind’: Small business risks revenue with old tech, while quarter of Aussies still use cash

A quarter of Australians still rely on cash when purchasing from small businesses, a new report has found. A survey by small business accounting outfit Xero found 25 per cent …

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ASX-listed Nuheara enters voluntary administration

by Walter Watson
ASX-listed Nuheara enters voluntary administration

A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers …

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ABS reports 58,000 new jobs in July labour force data

by Anas Siddiqui
ABS reports 58,000 new jobs in July labour force data

The Australian economy added 58,000 new jobs in July, far outstripping estimates of a 20,000 increase, though unemployment ticked up to 4.2 per cent in a mixed labour force landscape …

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‘Long and harsh winter’: Iron ore giants fight through warning from Chinese steel giant

by Anas Siddiqui
‘Long and harsh winter’: Iron ore giants fight through warning from Chinese steel giant

Losses from a major energy player and storm clouds over Chinese steel mills have weighed on the Australian market. The S&P/ASX200 hung tough on Thursday, finishing up 14.8 points at …

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‘Long and harsh winter’: Iron ore giants fight through warning from Chinese steel giant

by Anas Siddiqui
‘Long and harsh winter’: Iron ore giants fight through warning from Chinese steel giant

Losses from a major energy player and storm clouds over Chinese steel mills have weighed on the Australian market. The S&P/ASX200 hung tough on Thursday, finishing up 14.8 points at …

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RBA governor Michele Bullock says rate cut talk ‘premature’ as she delivers reality check to borrowers

by Anas Siddiqui
RBA governor Michele Bullock says rate cut talk ‘premature’ as she delivers reality check to borrowers

Reserve Bank governor Michele Bullock has cautioned it’s “premature to be thinking about rate cuts” in a lengthy grilling where she downplayed the role of federal government spending in persistent, …

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CFMEU blamed for driving up costs in building industry

by Anas Siddiqui
CFMEU blamed for driving up costs in building industry

The controversial CFMEU has made Australians poorer, a leading panel of building industry experts has claimed, inflating construction costs on everything from housing to large-scale public works projects while entrenching …

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