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The Latest Breaking News from Ryan Felsman

Australia faces 'sharp recession' if US escalates war

As Donald Trump fails to reassure traders about the Strait of Hormuz, analysts warn Australia's economy is hurtling towards a recession the longer it is closed.

AAP

Treasurer hits back as opposition slaps panic button

The coalition has sought to link a recent rise in inflation and unemployment to the 1970s economic malaise, but analysts say there is no need to panic.

AAP

National economy still stuck in 'productivity malaise'

Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.

AAP

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Hot economic growth may place further rate cuts on ice

Reserve Bank governor Michele Bullock has signalled there might not be many more interest rate cuts to come after surprisingly strong economic growth.

AAP

West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

AAP

Problem child no more: surprise rise in state rankings

Western Australia has cemented its spot at the top of the latest CommSec State of the States rankings, but another state's climb comes as more of a surprise.

AAP

Trump's second honeymoon sets rocky markets scene

Stretched valuations, risk of a US recession and lingering geopolitical issues have set the scene for an unsteady 2025 for global and Australian shares.

AAP

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New state emerges as nation's best-performing economy

Western Australia's economy is leading the nation, as the state tops CommSec's State of the States report for the first time in a decade.

AAP

New state emerges as nation's best-performing economy

Western Australia's economy is leading the nation, as the state tops CommSec's State of the States report for the first time in a decade.

AAP

The areas holding the ACT back from economic leadership

The territory fell behind the rest of the nation in key metrics.

The Canberra Times

The surprise state topping Australia's economic ladder

South Australia has retained its title as the nation's top economy for the third consecutive time in CommSec's latest State of the States report.

AAP

Inflation gauge to offer cold comfort for borrowers

May consumer price data gives the Reserve Bank another glimpse of how interest rate levels are working to bring inflation to heel.

AAP

Wages bump unlikely to concern Reserve Bank: economists

A 3.75 per cent boost to minimum wages and awards will deliver a small real gain to millions of Australian workers without throwing fuel on the inflation fire.

AAP

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

AAP

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AAP

Overseas central bank moves may hint at rates movement

Interest rate decisions in Europe, Canada and New Zealand could provide hints on whether Australia's central bank will lower rates as inflation moderates.

The New Daily

Petrol prices start to rise before Christmas

Australian motorists are set to be squeezed at the bowser over the Christmas rush, with petrol prices now rising across major cities.

The New Daily

Short-term relief for motorists at the bowser, but prices will soon climb

The fuel excise cut has expired, but drivers expecting a hike in prices got a reprieve. However, it will be short-lived.

The New Daily

Motorists face $2.20 petrol as retailers cash in before tax sting

Australian motorists are being warned that petrol prices may hit $2.20 a litre within weeks as servos jack up bowsers to multi-month highs.

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AAP

RBA minutes will explain latest rate hike

Speeches by senior Reserve Bank staff and detailed labour force statistics are likely to be highlights of a week broken up by the national day of mourning.

The New Daily

‘Double whammy’: Petrol prices to surge as global oil rebounds before tax relief ends

Australians are being warned to brace for higher fuel costs in September as rising global oil prices flow through to local petrol bowsers.

AAP

Company profits lift but caution prevails

A majority of Australian companies have lifted profits in the August earnings season but concerns over costs and a slowing economy weigh on the outlook.

AAP

Women seek greater workplace flexibility

Growing demand from women for more flexible arrangements in the workplace could lead to a "Flexidus", a Linkedin survey has found.

AAP

No impact on rates from budget: Treasury

Treasury does not believe the $39 billion worth of spending in last week's budget will have a material impact on inflation or interest rates.

The New Daily

When will petrol prices fall? Servos are yet to pass on the fuel tax cuts

Motorists are being urged to delay filling up their tanks until the 22 cent per litre cut to fuel taxes flows through to bowsers across the country.

AAP

Little chance of relief at the bowser

A volatile situation in the Russia-Ukraine conflict means motorists are unlikely to fell any relief at the petrol bowser, despite the fall in global oil prices.

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Reserve Bank of Australia

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TND

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Australian Bureau of Statistics

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CommSec

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