National

  • Index points to slower jobs growth

    The federal government's leading indicator of employment growth is pointing to a slower pace after falling for six consecutive months

  • Qld coal output to triple

    Queensland, already belching out 30 per cent of Australia's greenhouse gas emissions, is set to nearly triple coal production by 2030.

  • Confidence slides, consumers fret

    A key measure of Australian consumer confidence fell to 16-year lows in July as record petrol prices and a sliding sharemarket hurt family finances, in just the latest sign of spreading economic weakness.

  • Australian soldier dies in Afghanistan

    An Australian soldier, Sean McCarthy, has been killed in a roadside bombing in Afghanistan.

  • Home finance down 7.9pc in May

    The fourth consecutive fall in housing finance approvals should further erode fears of interest rate rises and foster hopes of an eventual easing in monetary policy

  • The little blokes bite the dust in bigger numbers

    The number of bankruptcies has hit its highest level in 10 years and experts predict worse to come as increasing food and petrol prices, the sharemarket downturn and mortgage stress bite harder.

  • Scott: Tricky spot for Rudd government

    The Rudd government has found itself in a difficult position in overseeing what is the first pay rise for the poorest workers after it came to power on the promise of improving pay and conditions for working Australians.

  • Employers cry foul over minimum wage increase

    Business has warned that a higher than expected pay rise to more than 1 million workers by the Australian Fair Pay Commission will add to soaring operating costs and stoke inflation.

  • Business to feel margin pressure

    Businesses may have to absorb yesterday's minimum wage rise because consumers are unlikely to accept higher prices in more difficult economic conditions.

  • Pay rise sends the shopkeeper to the bookkeeper

    Hardware merchant Steven Czeiger believes lifting the minimum wage could cost jobs, and that is what he told Ian Harper when the Fair Pay Commission chairman visited his store in March.

  • Mitchell: Impact on inflation will be marginal

    The minimum wage increase granted by the Fair Pay Commission is closer to the number requested by the unions than that sought by the employers.

  • Briefs

    Full-time jobs down

  • Emissions target blasted as 'pathetic'

    The world's top economic group said yesterday it wanted to work with the 200 states involved in UN climate change talks to adopt a goal of at least halving greenhouse gas emissions by 2050.

  • Author backs Rudd's vision for Asia-Pacific group

    The author of a report on the future of competing regional diplomatic groupings in Asia has backed Prime Minister Kevin Rudd's plan to establish an Asia-Pacific community. Professor William Tow, the author of "Tangled Webs" which examines the overlapping security and often competing multilateral institutions in Asia, said yesterday there was support within Asian countries for the idea of an overarching regional community.

  • PM to let world leaders in on Garnaut findings

    Prime Minister Kevin Rudd is expected to meet with Japanese, Canadian and United States leaders on the sidelines of today's meeting of G8 leaders to add impetus to Australia's campaign for tough global greenhouse emissions targets and prompt action to address global oil and food security concerns.

  • Briefs

    Business advises on 457s

  • Sherry targets super costs

    The federal government will target conflicts of interest in commission-based financial advice and the distribution of investment products as part of its super system review.

  • Taint of bias brings change

    The federal government's superannuation overhaul has come amid a growing debate about adviser remuneration and mis-selling after collapses from Westpoint to Centro Properties Group to the former MFS Ltd, where funds were distributed through financial planners and about 50,000 people have lost an estimated $2.7 billion.

  • Patten: Industry won't give in easily

    A report by actuarial firm Rice Warner published last year estimates that the average fee charged by the superannuation industry in the year to June 2006 was 1.26 per cent of assets under management, providing some comfort that Treasury's estimate of 1.25 per cent is on the mark.

  • Shares slip on a wall of worry

    The sharemarket slumped to a new two-year low yesterday on fears that the worst of the fall-out from the US sub-prime mortgage crisis is yet to come.

  • Unlisted property funds in ASIC sights

    The $74 billion unlisted mortgage and property scheme sector will face greater scrutiny after the corporate regulator released proposals for guidelines forcing more disclosure of potential risks to investors.

  • Pope may be forced to swim

    The Iemma government might have had some divine intervention yesterday when rail unions agreed to call off a 24-hour train strike designed to inflict maximum damage during next week's papal visit.

  • Tribunal raps lawyer over delays

    High-profile lawyer Michael Brereton yesterday faced allegations of breaching trust account rules in relation to $6 million raised from investors for a retirement village development in coastal Victoria that ultimately failed.

  • Victorian bookies given rails run

    The Northern Territory's flourishing betting industry has been targeted by legislative changes proposed by the Victorian government.

  • Business confidence falls again

    Business confidence has plunged to its lowest levels since September 2001 with companies holding off on employing extra workers as they wrestle with soaring fuel prices and higher interest rates.

  • Worst of WA gas crisis seen to be over

    West Australian Premier Alan Carpenter said yesterday he was confident the state was through the worst of its five-week-old gas crisis.

  • Warning sounded on tariff-cut retreat

    The Productivity Commission has warned that abandoning the scheduled reduction in tariffs would cost the economy, amid indications the federal government is considering a more protectionist industry policy.

  • New campaign not the answer, says tourism chief

    Queensland Tourism Minister Desley Boyle says a new international marketing campaign cannot fix the ailing $83 billion tourism sector, but increased airline access as well as lifting age restrictions on working visas might help.

  • Quarantine review splits food industry

    The food industry has split over the state of Australia's quarantine regime

  • Developers bid to override state planning laws

    A lobby group representing property developers has released formal legal advice to support its call for the federal government to override state planning laws that restrict where supermarkets can be built.

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