Beloved Sydney café owner reaches breaking point over cost increases: ‘You’re punished for working hard’
‘You lay awake at night tossing and turning.’
Australian economy
Treasurer warns oil prices won’t return to normal until 2030
Treasurer Jim Chalmers has shared a grim update for motorists, saying oil prices are not expected to drop to normal until the end of the decade.
‘Materially worse’ inflation outlook sends November rate hike odds surging
A festive nightmare is brewing for Aussie borrowers as the chances of a November rate hike soar.
NAB to axe 2500 jobs in massive restructure
NAB will slash up to 2500 roles as part of a massive restructure that aims to simplify its operations and workforce.
Australian consumer confidence drops quicker than nearly anywhere
Stubborn inflation and interest rate hikes are leaving Aussies among the world’s most gloomy in their economic outlook.
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Bad news for Aussies as financial pain tipped to linger for years
The country’s “misery index” is back near its post-pandemic highs, with little relief expected before the end of 2028.
Unemployment shock as jobless rate hits five-year high, nearly 40,000 Aussies fall out of work
The unemployment rate has unexpectedly jumped to a post-COVID high for the second month in a row after nearly 40,000 fell out of work.
World’s biggest mining company to cut hundreds of jobs in WA
BHP says the cuts are needed to ensure it remains a major employer in WA, but unions are unhappy.
Warning sign for Aussie businesses as overdue invoices hit highest level in years
Fresh figures confirm what many already knew: local companies are hurting badly.
Fears of exploding pineapples and crumbling industry if government allows imported fruit
Campaigners have invoked fears of exploding pineapples in their fight to prevent the federal government from allowing imports to disrupt the $80 million domestic industry.