Peter Dutton has said the jobs and skills summit didn’t come close to being the “Bob Hawke-style” event Labor was hoping for. The Opposition Leader delivered his verdict on the summit, which he chose not to participate in, at the Coalition’s party room meeting on Tuesday. It wasn’t the first time Mr Dutton had sought to criticise the event by ...

The Reserve Bank of Australia is facing growing pressure over its policies after hiking rates for five months in a row – after famously vowing the cash rate would not rise until 2024 “at the earliest”. In July, Treasurer Jim Chalmers announced “the first wide‑ranging review” of the RBA since the 1990s. At the time, Dr Chalmers confirmed the review ...

In years gone by, the Australian people had quite a love affair with their credit cards, with purchases made on credit cards equalling a record high 20 per cent of GDP in 2008. Since then, Australians have slowly moved away from credit cards, reducing their outstanding balances and increasingly taking advantage of various reward programs, rather than leaving their balance ...

A European energy crisis is looming as Russian giant Gazprom confirmed on Friday it would continue to suspend the exportation of gas to Europe through the Nord Stream 1 pipeline. And Energy ratings agency Fitch says a complete shutdown of Russian gas flow into Europe “increasingly looks likely” — a move that could plunge Europe into recession. Europe has accused ...

Mr Oliver said despite the cost of living crisis, economic data had not yet weakened, leaving the RBA with little choice but to keep trying to curb inflation with interest rate hikes. “Economic data on retail and jobs has remained pretty strong,” he said. He also pointed out there was usually a lag of several months for the economic data ...

A former Russian politician has the nation’s “decline has started” as pressure from the ongwarned oing Ukraine war threatens to irreparably derail the economy. Analysts are predicting a dire outcome for Russia as a crucial oil embargo looms, threatening to further derail the country’s precarious economy as fallout from its Ukraine invasion continues to take its toll. A large proportion ...

Three Labor ministers are scrambling to rid themselves of shares in publicly and privately listed companies to avoid breaching their new code of conduct. NDIS Minister Bill Shorten, Local Government Minister Kristy McBain and Assistant Trade Minister Tim Ayres were on Tuesday revealed to have been caught up in a potential breach. Anthony Albanese unveiled the new ministerial code of ...

Prime Minister Anthony Albanese has defended Labor’s decision not to scrap the previous government’s tax cuts for the wealthy. Greens leader Adam Bandt noted in the first year of the tax cuts, the top one per cent would get as much as the bottom 65 per cent combined. “The top 20 per cent of income earners get around 80 per ...

A former Russian politician has the nation’s “decline has started” as pressure from the ongwarned oing Ukraine war threatens to irreparably derail the economy. Analysts are predicting a dire outcome for Russia as a crucial oil embargo looms, threatening to further derail the country’s precarious economy as fallout from its Ukraine invasion continues to take its toll. A large proportion ...

A Melbourne tax agent involved in serious misconduct has been slapped with a three-year ban in a lesson in what you won’t get away with at tax time. In a warning to those expecting to sneak through a few tax hacks, agent Gregory Kennedy has been booted from the Tax Practitioners Board (TPB) for a “breathtaking” disregard for his tax ...