Jim Chalmers says next month’s budget will be underpinned by “five pressures” on Australia’s economy. In a discussion with other G20 finance ministers in Washington overnight, the Treasurer laid bare the fine line Australia had to walk as it sought to grow, while the economy slowed. He said five globalContinue Reading
BRUSSELS: The European Union’s economy is falling further behind China and the United States, a major headache that will dominate leaders’ talks on Thursday as they discuss how to stem the bloc’s economic decline and bounce back.From supply chain disruptions following the coronavirus pandemic to an energy crisis after Russia’sContinue Reading
Australia must urgently reduce its reliance on coal and gas exports to meet its ambitious target to reach net zero emissions by 2050, an ex-Labor climate minister has warned. Net Zero Economy Authority outgoing chair Greg Combet said serious action was needed to cut greenhouse gas emissions to curb theContinue Reading
Former WA premier Mark McGowan has stepped into four new roles – including a senior role working with ex-Federal treasurer Joe Hockey – just months after the “exhausted” state leader quit his top job. Mr McGowan, 55, shocked outlets when he stepped down as premier of Western Australia in May,Continue Reading
An economic blueprint for Australia’s next 40 years will show the ballooning cost to sustain an ageing population and the challenges to pay for it amid sluggish growth. The latest iteration of the Intergenerational Report will be released on Thursday, painting a picture for the next four decades. It willContinue Reading
Australia’s economy could stand to lose hundreds of billions of dollars if it does not successfully navigate a transition to clean energy in the coming decades. New research from NAB and Deloitte Access Economics has revealed what Australia stands to gain or lose as the world hurtles toward decarbonisation andContinue Reading
Anthony Albanese will travel to the US for his first official visit in October. The White House has confirmed that US President Joe Biden and First Lady Jill Biden will play host to the Prime Minister for a three-day visit, with a state dinner to be held on October 25.Continue Reading
Australia may be better placed than any other country in the world to emerge from the current period of global economic turmoil in a stronger position than before. That’s what Anthony Albanese is poised to tell the nation’s business leaders at a major economic summit at Parliament House in CanberraContinue Reading
Australians and New Zealanders have been promised lower power prices, cleaner energy and cheaper electric cars under a new deal inked between the two countries. Treasurer Jim Chalmers and Energy Minister Chris Bowen signed the agreement alongside Finance Minister Grant Robertson and Climate Change Minister James Shaw in Wellington onContinue Reading
Indian Prime Minister Narendra Modi will still visit Australia next week as planned, despite the cancellation of the Quad leaders’ summit in Sydney, Anthony Albanese has confirmed. The Prime Minister was due to host Mr Modi, US President Joe Biden and Japanese Prime Minister Kishida Fumio — three of theContinue Reading