Deputy Prime Minister Richard Marles has sidestepped US demands that Australia raise its level of defence spending by up to $50 billion.
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Federal Treasury Head Dr Steven Kennedy has warned of the economic damage to Australia that would be caused by the extended imposition of tariffs.
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If Anthony Albanese wants to find positive omens for his re-election bid, he might want to avert his eyes from the history of first-term governments in Australia.
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Australia’s leading security official has warned that the nation’s defence is facing escalated threats from espionage, foreign interference and potential sabotage as the AUKUS project develops.
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President Donald Trump has made good on his threat to impose a 25 per cent tariff on steel and aluminium imported into the US.
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New US Defense Secretary Pete Hegseth has affirmed the support of the Trump Administration for the AUKUS defence partnership, during talks in Washington DC with his Australian counterpart Richard Marles.
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Voters in Western Australia will go to the polls on March 8, with Premier Roger Cook seeking a third term for his Labor government.
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Australian consumer price rises eased in the December quarter, with lower food prices and electricity subsidies contributing to a headline annual inflation rate of 2.4 per cent – the lowest rate since early 2021.
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Returning US President Donald Trump has wasted little time in nominating the primary targets of his economic and trade agenda.
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Sometime in the next four months, Australians will go to the polls to cast their verdict on the Labor Government’s first term.
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Australia is on course to deliver a marginally smaller budget deficit in 2024-25 than forecast in the May Budget, but with rising shortfalls in coming years.
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Australia’s economy has continued its pattern of weak economic growth, with gross domestic product (GDP) rising by a slender 0.3 per cent seasonally adjusted in the September quarter and by 0.8 per cent for the year.
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Headline annual inflation remained steady at 2.1 per cent in October, assisted by lower electricity and automotive fuel prices, according to the Australian Bureau of Statistics.
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Treasurer Jim Chalmers and Finance Minister Katy Gallagher have announced a major shake-up of Australia’s sovereign wealth fund, with a new investment mandate to focus on government-directed national priorities.
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Prime Minister Anthony Albanese has played down fears that Australian exports will suffer under the trade agenda of US President-elect Donald Trump.
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The United States remains easily the largest source for foreign investment in Australia, according to the Department of Treasury.
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In a famous electoral comeback, Donald Trump has re-taken the White House and will become the 47th President of the United States when he is inaugurated in January 2025.
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Annual inflation in Australia eased in the September quarter to a headline rate of 2.8 per cent, thanks to the effects of government electricity rebates and the lower cost of automotive fuel.
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Almost 10 years of Labor government in Queensland has come to an end, with the Liberal National Party winning a workable majority in the October 26 election.
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Labor is set to extend its 23-year reign in power in the Australian Capital Territory, with the government of Chief Minister Andrew Barr returned on Saturday.
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