Economics

Prices have risen by 3.6% in the year to March 2024, slightly higher than economists’ expectations of softer inflation.

Customers were notified in an email on Monday night. A spokesperson confirmed Ola has also “decided to no longer operate” in New Zealand.

Australian supermarkets could face billions of dollars in penalties for severe abuses of power, under a new proposal tabled on Monday.

It comes after he was found guilty of seven counts of fraud and conspiracy in November.

Inflation (rising prices) has held steady month-on-month, with prices rising by 3.4% in February matching the inflation figures from January.

Anyone can now own a piece of the company by purchasing ‘shares’.

Treasurer Jim Chalmers will ask the Fair Work Commission to lift the minimum wage in line with inflation this year.

The suit alleges the $US2.66 trillion ($AU6.4t) company has a “monopoly power in the smartphone… markets”, which has drowned out competitors like Samsung.

The unemployment rate dropped to 3.7% in February. Treasurer Chalmers said it showed the economy is resilient.

The RBA is Australia’s central bank. Its key responsibility is setting the ‘cash rate’ — an interest rate it charges commercial banks for short-term loans.

Wright said he created the cryptocurrency in 2008. However, a group of tech firms launched legal action accusing Wright of forging his identity.

A 5% import tax (tariff) on nearly 500 products will be scrapped from 1 July, Treasurer Jim Chalmers has announced.

Parents who take paid parental leave are due to get 12% super contributions on top of those payments from July next year.

Bankwest is closing its branches as part of a decision to go fully digital by the end of 2024, it announced this week.

The tax cuts will come into effect on 1 July, after passing the Senate with the support of the Opposition.

Australian companies have posted their gender pay gaps for the first time ever. Here’s what we found.

Australia’s gender pay gap has dropped to 12%, its lowest level on record, according to the latest data from the ABS.

Australia’s unemployment rate has climbed to 4.1% for the first time since January 2022, rising from record low rates.

Music festival funding is needed to secure the sustainability of Australian music festivals, The Greens have said.

A court case over the inventor of Bitcoin is underway in the UK. Australian man Craig Wright says he founded the cryptocurrency in 2008.

From next month, telcos like Telstra and Optus must work proactively to identify customers experiencing financial hardships.

Changes to the RBA announced last year formally came into effect this week, following the first board meeting of the year.

The Coalition will support Labor’s changes to the stage 3 tax cuts, allowing the re-worked tax relief to pass through Parliament.

Changes for Queensland renters have been announced in response to a persisting housing crisis across the state.

Childcare in Australia is inaccessible and unaffordable, according to an independent report by the Australian consumer watchdog.

Prime Minister Anthony Albanese has announced sweeping changes to the ‘Stage 3’ tax cuts, including giving more relief to low income earners.

What is credential stuffing? A new scam uses leaked data to hack into online accounts and make fraudulent purchases.

Prime Minister Anthony Albanese has confirmed planned stage 3 tax cuts will take effect from July after months of pressure.