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The Latest Breaking News on Economy

A new report highlights the staggering truth about wage inequality in Australia. Here’s what we need to do better

This is a lucky country for many, with enviable living standards. But our wealth is not shared equally

The Guardian - AU

Powell Signals Rate Cuts in His Jackson Hole Speech. Here's What Wall Street is Saying

In his speech at the Jackson Hole symposium Friday, Fed Chair Jerome Powell said current conditions "may warrant" rate cuts.

Kiplinger

Four-day work week? Six weeks of holidays? Australians have a choice about how to bank productivity gains

A four-day working week may not be on the agenda now, but the great thing about stronger productivity growth is it gives us more choice over how we want to live our lives

The Guardian - AU

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As the economy slows and productivity flatlines, is Australia having another banana republic moment?

In 1986 Paul Keating warned the nation was headed towards economic disaster without reform. Now, Jim Chalmers faces a similar dilemma

The Guardian - AU

Unions, business at loggerheads over four-day work week

Business groups are resisting a union push for a shorter working week as ideas to boost Australia's productivity are debated ahead of a roundtable.

AAP

Voices: Recruitment is in a doom loop – there’s only one thing for it, chancellor…

COMMENT : As a KPMG study lays bare years of falling job openings, and with the unemployment figure refusing to shrink, Britain’s bosses are stuck in hiring limbo that only Rachel Reeves can get them out of, says James Moore

The Independent UK

UK firms’ hiring intentions remain at record low amid rising employment costs

Economic uncertainty also a factor as bosses ‘stuck in limbo’ and drop in recruitment hits young people hardest

The Guardian - UK

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Asian Markets Track Wall St Rally On Fed Rate Cut Bets

Stock markets rose Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite concerns about the US economy and Donald Trump's tariffs.

International Business Times

Fed Rate-Cut Odds Slide On Powell Framework; S&P 500 Slips

Fed Chairman Jerome Powell still sees elevated uncertainty despite Trump trade deals.

Investors Business Daily

UK firms cutting staff at fastest pace since February as economy struggles

Headcounts being reduced in response to higher taxes and uncertainty over US tariff threats, PMI survey shows

The Guardian - UK

NHS bosses fear fresh strikes in England as resident doctors seek 29% pay rise

Hundreds of thousands of hospital appointments could be cancelled if BMA members vote for series of stoppages

The Guardian - UK

Nigeria's Tinubu Signs Major Tax Overhaul

Nigerian President Bola Tinubu on Thursday signed four landmark bills into law aiming to overhaul the country's tax system, after backing away from more controversial tweaks that would have upended revenue sharing among states.

International Business Times

Queensland state budget 2025: five key takeaways

A looming wage fight, the end of the coal boom and a shared equity scheme for first home buyers is on the cards

The Guardian - AU

World Bank grants South Africa a $1.5B loan for infrastructure upgrade and green energy transition

South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy

The Independent UK

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The Independent UK

Younger workers in England face ‘place-based’ pay penalty, study warns

The study analysed earnings data spanning all early-career workers in England, covering more than 11 million individuals.

AAP

Future focus as inflation blare dims but change needed

Ahead of delivering his third budget, NSW Treasurer Daniel Mookhey says changes are required to ensure the state can "hold on to what we love".

AAP

Big-spending budget raises questions over living relief

A cash splash from the nation's richest state is targeting housing supply and health but critics say there should have been greater cost-of-living relief.

AAP

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

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AAP

Australia slides down economic competitiveness rankings

Poor productivity is hobbling Australia's efforts to attract global talent, as the federal government details its plans to get the country building again.

The Guardian - UK

Dollar slides to three-year low while FTSE 100 hits record high

Investors turn away from weakening US economy and erratic policy after Trump repeats tariff threats

AAP

Business, union divisions threaten to derail PM summit

The prime minister hopes business groups and unions will unite to address a lagging economy but there are already signs of division before a planned summit.

AAP

Economic summit aims to firm up drooping productivity

Anthony Albanese is confident businesses and unions can find common ground in the quest to improve Australia's ailing productivity.

Investors Business Daily

Trump Lashes Out At Fed After Weak ADP Jobs Report; S&P 500 Rises

Private hiring was the weakest since March 2023.

The Guardian - UK

Are we heading for a recession? Show me your nails

Who needs boring old facts and figures? According to a host of entirely authoritative influencers, changing tastes in manicures can tell us all we need to know about the economy, says Arwa Mahdawi

AAP

Economy stalls as private sector fails to pick up slack

More rate cuts might be needed to boost Australia's fragile economy with soft household consumption figures contributing to stalled growth.

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