US–Iran peace deal hits oil and lifts stocks
A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
AustraliaEconomy
Economy
Australia's productivity slump threatens economic growth
Australia's economic engine is stalling as labour productivity slipped by 0.6% in the March quarter.
Economy
Rising mental health prescriptions spark national debate
Australian mental health prescriptions surge as nearly one in five citizens are prescribed psychiatric medications.
Economy
Environment leads R&D spending despite real funding drops
Australia's government expenditure on research and development crawled to $4.4 billion in 2024–25, marking a 1% increase from 2022–23.
Economy
Australian property value hits record $12.8 trillion
Australia's total value of residential dwellings climb 2.5% to hit a record $12.8 trillion in the March quarter.
Economy
Aussie fuel stocks secure but price hike looms
Australia's fuel reserves are locked in to last nearly three months as bowser prices drop close to pre-Middle East conflict levels.
Economy
Australia resumes trade surplus with $1.7B April recovery
Australia's trade position staged a recovery in April, swinging back into a seasonally adjusted balance on goods surplus of $1.7 billion.
Economy
Australian economic growth slows to 0.3% in March quarter
The Australian economy experienced a cooling phase, with gross domestic product edging up by just 0.3% in the March quarter.
Economy
Electrified vehicles claim 46% of Aussie May sales
New data revealed that electrified vehicles captured 46% of all new car sales in Australia in May.
Economy
Australian dwelling approvals fall slightly in April
Australian residential construction faces a slight downturn as total dwelling approvals fell 3.4% to 16,710 in April.