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Fears of summer blackouts sees energy operator push business to cut power

Fears of summer blackouts sees energy operator push business to cut power

The Australian Energy Market Operator will rely on big energy consuming businesses cutting back their demand to prevent potential blackouts during summer.

  • by Cole Latimer & Benjamin Preiss

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Australians' risky debt could magnify a downturn, RBA's Debelle warns
GDP

Australians' risky debt could magnify a downturn, RBA's Debelle warns

The Reserve Bank's second-in-command Guy Debelle says risky borrowing may not trigger an economic slump, but could accelerate a downturn.

  • by Michael Heath
Employment works in RBA's favour as jobs surge
Jobs

Employment works in RBA's favour as jobs surge

Employment surged in October as the central bank's record-low interest rates spurred hiring, while the jobless rate remained at a six-year low despite an expanding workforce.

  • by Alex Druce & Benjamin Preiss
American mystery: Trumpy Bear's second coming has everyone intrigued
Retail

American mystery: Trumpy Bear's second coming has everyone intrigued

A plush teddy bear with combable Trump-like hair has been lurking in the shadows since last year - but it has now gone mainstream.

  • by Meagan Flynn
Six charts that show what killed Australia's property boom
Property market

Six charts that show what killed Australia's property boom

With the downturn now in its second year, the big question for homeowners, house hunters and property investors is: How much further down will prices go?

  • by Emily Cadman
Wages just grew at fastest rate for three years
Jobs

Wages just grew at fastest rate for three years

While still not flying there are signs that a tightening labour market is starting to lift salaries.

  • by Peter Bateman
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'Talking their own book': Taylor slams Woodside's carbon price call
Energy

'Talking their own book': Taylor slams Woodside's carbon price call

Federal Energy Minister Angus Taylor has launched a spray at energy giant Woodside, dismissing its calls for a carbon price as an effort to sell more of its gas.

  • by Cole Latimer
Australia annual wage growth the highest in three years
Pay

Australia annual wage growth the highest in three years

Hourly pay rates across Australia rose 0.6 per cent in September quarter and have now increased 2.3 per cent over the past 12 months for the highest annual growth rate in three years.

  • by Alex Druce
'Surprisingly strong': Consumer mood recovers from rate hike shock
Retail

'Surprisingly strong': Consumer mood recovers from rate hike shock

The index has now fully come back from a sharp drop in September. when political instability and rises in home loan rates at most banks soured the public mood.

  • by Wayne Cole
House prices could drop 30 per cent in 'deep recession' scenario: UBS
Property prices

House prices could drop 30 per cent in 'deep recession' scenario: UBS

The outlook for the banks has not been as challenged since at least 2008 and risks for a credit crunch are rising, UBS analyst Jonathan Mott says.

  • by Michael Heath
'Damaging spikes': International Energy Agency sends an oil price warning
Energy

'Damaging spikes': International Energy Agency sends an oil price warning

The International Energy Agency has forecast a coming global oil price crunch in the early 2020s as growing demand outstrips supply.

  • by Cole Latimer