The Latest Breaking News from Economy

Even as we spent less, the Reserve Bank kept raising rates – and now household disposable income is back to what it was in 2015

With AI projected to contribute $15.7 trillion to the global economy by 2030, 77% of businesses reported either using or exploring the use of AI in their strategies, with 83% making it their top priority.

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False rumor comes after exit polls revealed the economy was the biggest issue to almost one third of voters

Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars

Unite Scotland’s regional secretary Derek Thomson made his comments as he appeared before Holyrood’s Economy and Fair Work Committee.

It is the incumbent killer, from Joe Biden to Rishi Sunak: inflation. Voters will put up with stubborn unemployment and low growth, but they absolutely hate rising prices. Labour has had the good fortune of coming to office as inflation had fallen back to target, a far cry from the…

Germans will head to the polls early next year after the coalition led by Chancellor Olaf Scholz collapsed.

The investment bank forecasts 11% growth in the S&P 500 next year and warns the economy will be pulled in two different directions.

The Northern Territory and Australian Capital Territory have won bragging rights for having the fastest growing economies within Australia.

Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.