The Latest Breaking News from Economy

Royalty rip-off: Hunter misses coal mining windfall in NSW Budget

The NSW government will rake in an extra $810 million in coal royalties this year - and almost $4 billion over the next four years - but has not put an extra dollar into a fund to help coal mining communities prepare for change.

Newcastle Herald · Jun 21, 2022

Business leaders warn train strike could cause 'incredible damage' to the UK economy as RMT members walk out

Hospitality and retail sectors among those likely to be hard hit

Birmingham Post · Jun 21, 2022

Biggest rail strike in 30 years brings UK to standstill

Britain's biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the way for widespread industrial action across the economy in the coming months.

Reuters · Jun 21, 2022

RBA warns of damage from rising inflation

Reserve Bank governor Philip Lowe has warned of the damage inflation can inflict on the economy and why it needs to be brought under control.

AAP · Jun 21, 2022

Data protection law slashes unwanted calls

More than 90% of incoming mobile phone calls offering products and services have vanished thanks to the Personal Data Protection Act (PDPA), which came into effect on June 1, according to Digital Economy and Society Minister Chaiwut Thanakamanusorn.

Bangkok Post · Jun 20, 2022

Qld budget 'back in black', taxes to rise

Queensland Treasurer Cameron Dick will hike taxes on big businesses, gambling companies and coal miners to fund more hospital beds and mental health programs.

AAP · Jun 20, 2022

Recession not on horizon, says RBA's Lowe

Reserve Bank governor Philip Lowe says a recession in Australia is not on his horizon, but after the past two years nothing can ever be ruled out.

AAP · Jun 20, 2022

Airline industry predicts profit in 2023, defying slowdown

The airline industry will return to profit next year as pent-up demand for travel sustains bookings even as the global economy tightens, the International Air Transport Association trade group predicted.

Tribune News Service · Jun 20, 2022

5 Dividend Aristocrats To Buy Now

Last week, the Fed raised its benchmark interest rates three-quarters of a percentage point, marking the most aggressive hike since 1994. And with analysts predicting the economy to slip into a recession, we think dividend aristocrats Abbott (ABT), AbbVie (ABBV), Genuine Parts (GPC), Johnson & Johnson (JNJ), and Sysco (SYY)…

StockNews.com · Jun 20, 2022

Is there any way of escaping recession? Three top economic minds have their say

The labour market is going to be key to how the UK economy performs in the coming months

Wales Online · Jun 20, 2022