Economic news

• Storms in NSW sent trampolines soaring — is it time for a clamp-down?

  20-01-2025 20:52 via abc.net.au
  
  Some residents dealing with damage caused by rogue trampolines in the aftermath of severe weather in NSW say it is time for greater regulation.
  
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• Hunter Valley wedding bus tragedy prompts seatbelt sign mandate

  20-01-2025 20:30 via abc.net.au
  
  Every new Australian bus that has seatbelts will be required to have signs and audio announcements reminding passengers to wear them, as is seen in aircraft.
  
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• Surge power pricing largely ineffective and inequitable, consumer group says

  20-01-2025 19:43 via abc.net.au
  
  A consumer report has found dynamic power prices such as time-of-use and demand tariffs were largely failing to help consumers or the broader grid.
  
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• Poorer households ‘may lose $300 a year’ under new power pricing

  20-01-2025 19:43 via abc.net.au
  
  A consumer report has found dynamic power prices such as time-of-use and demand tariffs were largely failing to help consumers or the broader grid.
  
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• 'Renovate or detonate': The house selling for almost $700,000

  20-01-2025 07:41 via abc.net.au
  
  To renovate or detonate is the question being asked of potential buyers for a home in Brisbane's north-western suburbs listed for almost $700,000.
  
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• Former NAB worker among trio sentenced trying to defraud bank of millions

  20-01-2025 07:38 via abc.net.au
  
  The three offenders pleaded not guilty to a total of 19 charges and were allowed to leave court while reports are prepared into whether home detention rather than jail time is appropriate.
   
  
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• Fair work case against BHP set to test Same Job, Same Pay laws

  20-01-2025 07:10 via abc.net.au
  
  The application by the Mining and Energy Union (MEU) seeks to boost the pay of 1,600 BHP labour hire workers across three Queensland mines. 
  
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• Larger garages planned in bid to curb on-street parking congestion in SA

  20-01-2025 04:06 via abc.net.au
  
  The South Australian government wants to increase the size of parking spaces in garages for new residential builds, but the opposition and industry groups say it will just make properties more expensive for buyers. 
  
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• Government seeks 'urgent intervention' amid psychiatrists' resignation threats

  20-01-2025 04:02 via abc.net.au
  
  The NSW government says they will take the state's public sector psychiatrists to the Industrial Relations Commission over their mass threats to resign on Tuesday.
  
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• Government seeks 'urgent intervention' amid psychiatrist resignation threats

  20-01-2025 04:02 via abc.net.au
  
  The NSW government says they will take the state's public sector psychiatrists to the Industrial Relations Commission over their mass threats to resign on Tuesday.
  
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• The average billionaire made $3.2 million a day in 2024, Oxfam finds

  20-01-2025 01:01 via abc.net.au
  
  Think you earn a decent salary? The latest inequality report from Oxfam found Australia's billionaires took home 1,300 times more than the average Aussie earner last year. 
  
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• Australian billionaires made $67,000 an hour last year, report finds

  20-01-2025 01:01 via abc.net.au
  
  Think you earn a decent salary? The latest inequality report from Oxfam found Australia's billionaires took home 1,300 times more than the average Aussie earner last year. 
  
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• Flat white price likely to skyrocket this year, no matter where you live

  19-01-2025 22:01 via abc.net.au
  
  Industry insiders say coffee lovers — even in regional Australia — are unlikely to escape paying more for their flat whites as cafes are forced to push up prices. 
  
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• Star warns investors of 'material uncertainty', ASX rises — as it happened

  19-01-2025 21:17 via abc.net.au
  
  Star Entertainment shares fell sharply as the casino operator continues to seek a financial lifeline, while the broader market headed higher. And Trump launches a meme coin ahead of his inauguration. Here's how the business day unfolded.
  
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• Live: Star warns investors of 'material uncertainty', ASX rises

  19-01-2025 21:17 via abc.net.au
  
  Star Entertainment shares fall in early trade as the casino operator continues to seek a financial lifeline, while the broader market heads higher. Trump launches a meme coin ahead of his inauguration. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX set to lift after Wall Street rally

  19-01-2025 21:17 via abc.net.au
  
  The ASX  is poised to rise 0.3 per cent this morning after Wall Street ended the week with a strong rally. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Young couples on a budget are turning to jewellery of the past

  19-01-2025 21:15 via abc.net.au
  
  For Brisbane couple Tom Morrey and Sarah O'Leary, an old brooch became the engagement ring of their dreams after the suggestion to repurpose a family heirloom.
  
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• Young couples are giving new life to old jewellery

  19-01-2025 21:15 via abc.net.au
  
  For Brisbane couple Tom Morrey and Sarah O'Leary, an old brooch became the engagement ring of their dreams after the suggestion to repurpose a family heirloom.
  
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• New jewellery is falling out of fashion for young couples

  19-01-2025 21:15 via abc.net.au
  
  For Brisbane couple Tom Morrey and Sarah O'Leary, an old brooch became the engagement ring of their dreams after the suggestion to repurpose a family heirloom.
  
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• Albanese government promises $2 billion for new 'green aluminium' sector

  19-01-2025 12:30 via abc.net.au
  
  Federal Labor will offer billions of dollars in production credits to support a new "green aluminium" sector, in a new election pitch.
   
  
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• Why retirees are sitting on their super rather than spending it

  19-01-2025 11:00 via abc.net.au
  
  The federal government should intervene to help retirees spend their superannuation and avoid the savings system ending up as "a massive inheritance scheme", the Grattan Institute warns.  
  
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• Australians need government help to spend super: Grattan

  19-01-2025 11:00 via abc.net.au
  
  The federal government should intervene to help retirees spend their superannuation and avoid the savings system ending up as "a massive inheritance scheme", the Grattan Institute warns.  
  
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• Australian retirees sitting on their super rather than spending it

  19-01-2025 11:00 via abc.net.au
  
  The federal government should intervene to help retirees spend their superannuation and avoid the savings system ending up as "a massive inheritance scheme", the Grattan Institute warns.  
  
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• Public transport slashed to $2.80 flat fee under re-elected Labor government

  19-01-2025 06:53 via abc.net.au
  
  Public transport fares would drop to a flat fee of $2.80 for smart ride holders, under a one zone system WA Labor would roll out if re-elected. 
  
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• Is WA's electric vehicle charging network fit for purpose?

  19-01-2025 01:00 via abc.net.au
  
  WA's emerging EV charging system saw the state named one of "52 Places To Go This Year", but enthusiasts say the network is far from up to scratch.
  
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• Drownings at holiday hotspots raise calls for tourism marketing re-think

  18-01-2025 00:40 via abc.net.au
  
  Experts are calling for better education surrounding the perils of WA beaches to be included in tourism advertising.
  
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• Months on from the 3G shutdown, hundreds of Aussies can't make a call

  17-01-2025 21:40 via abc.net.au
  
  It has been more than 80 days since Telstra and Optus flicked the switch on the 3G mobile network. Hundreds of regional and remote Australians say they can no longer rely on the network and struggle to make calls.
  
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• Hundreds complain about failing mobile phone service since 3G switched off

  17-01-2025 21:40 via abc.net.au
  
  It has been more than 80 days since Telstra and Optus flicked the switch on the 3G mobile network. Hundreds of regional and remote Australians say they can no longer rely on the network and struggle to make calls.
  
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• Billionaire couple try to find out if landscape repair can turn a profit

  17-01-2025 20:12 via abc.net.au
  
  In the middle of Tasmania sits a 5,000-hectare property once used for sheep grazing. But when the sheep farmers left, an unlikely buyer moved in.
  
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• Billionaire couple focus their fortune on conservation — and profit

  17-01-2025 20:12 via abc.net.au
  
  In the middle of Tasmania sits a 5,000-hectare property once used for sheep grazing. But when the sheep farmers left, an unlikely buyer moved in.
  
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• 'We truly apologise': Pakistan's national airline says sorry over Eiffel Tower advert

  17-01-2025 13:25 via abc.net.au
  
  Pakistan's national airline has apologised for the advertisement, which is still online more than a week after it was first posted. 
  
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• Decision expected within weeks on leasing Spirit of Tasmania IV ferry

  17-01-2025 03:38 via abc.net.au
  
  Advice will be received by the end of the month on whether the completed Spirit IV ferry will be leased in Europe or if it will travel down to Tasmania to wait years for its port to be built.
  
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• Live: Survey reveals how much parents give their children for property

  16-01-2025 21:48 via abc.net.au
  
  Meanwhile, the ASX is set to open a little higher after mixed trade on Wall Street overnight. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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• Live: China's economy beats expectations, ASX turns negative

  16-01-2025 21:48 via abc.net.au
  
  New data shows China's economy grew 5.4 per cent annually in the fourth quarter, beating market expectations. Meanwhile a survey by UBS reveals the reach of the "bank of mum and dad", with 40 per cent of respondents giving or receiving cash last year. Follow live.
  
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• Live: China's economy beats expectations, ASX flat

  16-01-2025 21:48 via abc.net.au
  
  New data shows China's economy grew 5.4 per cent annually in the fourth quarter, beating market expectations. Meanwhile a survey by UBS reveals the reach of the "bank of mum and dad", with 40 per cent of respondents giving or receiving cash last year. Follow live.
  
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• China's economy beats expectations but ASX turns negative — as it happened

  16-01-2025 21:48 via abc.net.au
  
  New data shows China's economy grew 5.4 per cent annually in the fourth quarter, beating market expectations. Meanwhile a survey by UBS reveals the reach of the "bank of mum and dad", with 40 per cent of respondents giving or receiving cash last year. This is how the day unfolded. 
  
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• Why parents shouldn't feel bad about asking teens to chip in more at home

  16-01-2025 21:00 via abc.net.au
  
  Asking young people to contribute more to the home isn't just teaching them about financial literacy, it can also be necessary to run a house. 
  
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• Outback Queenslanders plea for post office solution ahead of 'D-day' closure

  16-01-2025 21:00 via abc.net.au
  
  Residents in Queensland's remote Gulf of Carpentaria may have to make a six-hour round trip to collect their mail once Burketown's only post office closes in February.
  
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• Fears remote town will become 'even more isolated' once post office closes

  16-01-2025 21:00 via abc.net.au
  
  Residents in Queensland's remote Gulf of Carpentaria may have to make a six-hour round trip to collect their mail once Burketown's only post office closes in February.
  
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• 'It wouldn't pass the pub test': Behind the push to put mandatory lighting on trains

  16-01-2025 19:49 via abc.net.au
  
  More than 18,000 level crossings in Australia have little more than a stop sign to warn drivers to look out for freight trains hurtling towards them in the dark. A family-driven campaign is calling for a mandatory lighting solution, but the rail industry is fiercely resisting. 
  
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• 1 in 5 level crossings are 'passive', but there could be a simple safety fix

  16-01-2025 19:49 via abc.net.au
  
  More than 18,000 level crossings in Australia have little more than a stop sign to warn drivers to look out for freight trains hurtling towards them in the dark. A family-driven campaign is calling for a mandatory lighting solution, but the rail industry is fiercely resisting. 
  
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• Pub owner's plans turn to misery as insurers deny bushfire coverage

  16-01-2025 19:48 via abc.net.au
  
  Asip Memishi's family pleaded with him to leave as he prepared to defend his pub from bushfire in Victoria's Grampians. He knew if it burned, he wouldn't be able to rebuild.
  
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• Halls Gap bliss turns business misery as insurers deny bushfire coverage

  16-01-2025 19:48 via abc.net.au
  
  Asip Memishi's family pleaded with him to leave as he prepared to defend his pub from bushfire in Victoria's Grampians. He knew if it burned, he wouldn't be able to rebuild.
  
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• What the Fair Work Commission's decision means for Sydney's train network

  16-01-2025 19:26 via abc.net.au
  
  A ruling by the Fair Work Commission will see the industrial action delaying Sydney's train services temporarily paused. But is the end of the story?
  
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• Mixing lithium-ion battery chargers can be 'volatile', firefighters warn

  16-01-2025 07:17 via abc.net.au
  
  Firefighters are urging people not to mix and match their lithium-ion battery chargers due to the increasing risk of a fire or explosion. There are concerns the risk of battery fires will increase as devices using lithium-ion become more popular.
  
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• SA Energy Minister slams GFG over 350 iron mining job losses

  16-01-2025 06:13 via abc.net.au
  
  Energy and Mining Minister Tom Koutsantonis says iron mining job losses linked to GFG's Whyalla steelworks 'could have been avoided'.
  
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• NSW premier backs train fare refund for Sydney's train disruptions

  16-01-2025 03:32 via abc.net.au
  
  NSW Premier Chris Minns says the government is looking "very closely" at giving people their money back over disruptions to Sydney's train network.
  
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• NSW premier backs train fare refund as Sydney disruptions drag on

  16-01-2025 03:32 via abc.net.au
  
  NSW Premier Chris Minns says the government is looking "very closely" at giving people their money back but is focused on ending its industrial dispute with the rail union.
  
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• Drake sues his label for defamation over Kendrick Lamar's 'Not Like Us'

  16-01-2025 02:39 via abc.net.au
  
  Drake is suing his label, Universal Music Group, for defamation over Kendrick Lamar's track 'Not Like Us', a move the record company calls "illogical".
  
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• Unemployment edges back to 4pc, despite 56,000 extra jobs

  16-01-2025 01:37 via abc.net.au
  
  Australia's unemployment has risen to 4 per cent, but only because more people are looking for work.
  
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