Australian economy

CBA predicts a deeper slowdown for the Australian economy CBA cuts Australia’s economic growth forecast amid rising inflation, higher oil prices. Analysis · Chalmers blames inflation on Middle East conflict but voters aren’t listening Chalmers blames inflation on Middle East conflict, but voters attribute it to government spending and price gouging Analysis · The era of mega AI IPOs has arrived but are Anthropic and OpenAI investors buying a mega bubble? Anthropic’s planned Nasdaq debut signals a new chapter for artificial intelligence, as OpenAI. Analysis · Coalition plans to scrap housing funding Coalition plans to scrap housing and energy funds to fund tax cuts and boost federal budget by $31 billion Finnair launches daily Melbourne-Europe flights Finnair launches daily flights from Melbourne to Europe, boosting tourism and economic ties between Victoria. UK Chancellor announces major AI investment plan UK Chancellor reveals ambitious £165 million AI investment plan to boost UK economy, enhance security. Job guarantee could mitigate AI unemployment crisis Job guarantee proposal gains traction as potential solution to rising AI-related unemployment. Analysis · ‘Hope is not a strategy’: RBA’s inflation challenge RBA faces inflation challenge as labour market softening looms amidst wage growth concerns and potential rate hikes Analysis · Are schools preparing students for jobs that won’t exist? We’re educating students for a future that may no longer exist Analysis · Banks are cutting jobs — What does It say about Australia’s economy? Job cuts at NAB signal deeper banking issues amidst rising interest rates. Explained: What GDP and a recession actually mean "Recession" is one of the most feared words in economics, and GDP is the number that decides when one arrives. Explained: What the U.S. Federal Reserve does, and why it matters to Australia The Federal Reserve sets interest rates for the world's biggest economy. Explained: What inflation is, and how Australia measures it Inflation decides how far your pay goes and where interest rates head next. Explained: What the RBA cash rate is, and how it reaches your mortgage The cash rate is the Reserve Bank's main lever on the economy. Australia faces steep consumer confidence decline Australia's consumer confidence plummets as inflation and interest rates rise. Explained: How Seek makes its money Seek started in Melbourne in 1997 and became the place most Australians go to look for a job. Russia is finding ways around sanctions — Are they still working? Russia adapts to sanctions with alternative payment networks while continuing oil exports.