Australia’s economy (GDP) grew by 0.3 per cent in the March quarter and by 2.5 per cent over 12 months, buoyed by higher household spending and a six per cent surge in private business investment.
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Deputy Prime Minister Richard Marles has confirmed that Australia will acquire three, not two, in-service Virginia-class submarines from the US, in the first instalment of the AUKUS defence partnership.
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President Donald Trump’s nominee to be the next US Ambassador to Australia says the US-Australia alliance is an essential pillar of regional stability and deterrence, amid China’s military build-up.
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The Federal Government’s Support for Seniors program, forecast to cost more than $68 billion, will be the highest single federal spending program in 2026-27, according to Budget papers.
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Treasurer Jim Chalmers has used his first Budget since the Labor Government’s 2025 re-election to make sweeping tax reforms, in the backdrop of a global oil price shock that has lifted inflation and cut expectations on economic growth.
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Annual inflation in Australia rose sharply in March, leaping from 3.7 per cent in February to 4.6 per cent as higher fuel costs took their toll on budgets.
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Health and NDIS Minister Mark Butler has announced sweeping changes to the National Disability Insurance Scheme, in a bid to rein in galloping costs of the $52 billion program.
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Deputy Prime Minister Richard Marles has announced an additional $14 billion over four years and $53 billion over the decade to fund an upgraded Integrated Investment Program (IIP) in Defence.
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Prime Minister Anthony Albanese has travelled to Singapore in a bid to shore up energy supplies with the leaders of the city-state.
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Resources Minister Madeleine King has moved to shore up Australia’s domestic gas supply, in the event of a potential east coast gas domestic gas shortfall from July this year.
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Australia and the European Union have struck a free trade agreement, which will confer duty-free status on 98 per cent of the current value of Australian exports to the EU.
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Labor has been returned to power in South Australia, with a commanding election victory under first-term Premier Peter Malinauskas.
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Resources Minister Madeleine King has assured Japan that Australia would protect its gas investment and ensure no alteration to existing gas supply contracts.
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Higher Defence spending helped Australia’s economy grow by 2.6 per cent over 2025 and by 0.8 per cent in the December quarter, according to the latest official statistics.
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A national stocktake of domestic mineral resources by Geoscience Australia has reaffirmed the nation’s global leadership in the production of key resource commodities.
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Prime Minister Anthony Albanese said his government would make “appropriate representations” after US President Donald Trump slapped a 15 per cent baseline tariff on all imports into the United States.
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Australia’s corporate regulator has delivered a damning report on the level of exploitation and breach of consumer law under the National Disability Insurance Scheme.
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Deputy Prime Minister Richard Marles has announced that the Federal Government will divest more than 60 Defence sites across metropolitan and regional Australia, following a major audit of the Defence Estate.
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Iron ore, coal, and natural gas continued to dominate Australia’s exports in 2024-25, contributing almost 40 per cent in the value of goods and services exports.
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Global agency, the Organisation for Economic Cooperation and Development has delivered a sharp warning to the Albanese Government to tackle its budget deficits, sharpen the efficiency of the tax system and lift economic competitiveness.
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