MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage point for a third time this year to 3.6%, with inflation tamed and economic ...

SYDNEY (Reuters) -Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the ...

SYDNEY, March 6 (Reuters) - Australia's economy grew at a snail's pace in the December quarter as a punishing squeeze on household incomes brought consumer spending to a standstill, reinforcing market ...

Australia has long been known for its prosperous economy, with many calling it “The Lucky Country.” But that luck may be running out. While the nation’s overall economy isn’t in recession, its people ...

SYDNEY—Australia’s economy would have contracted sharply in the third quarter had it not been for a wave of state and federal government spending keeping it afloat, Treasurer Jim Chalmers said ...

FILE - Australian Finance Minister Jim Chalmers sits for an interview during the G-20 third Finance Ministers and Central Bank Governors (FMCBGs) meeting in Gandhinagar, India, Tuesday, July 18, 2023.

Sydney today plays host to the Microsoft AI Tour, an event that brings together more than 5,000 innovators and industry leaders to discuss how we can shape the future of Australia’s economy using AI.

Australia faces significant economic threats if US–China tensions escalate. Growing US protectionism may push Australia to reduce its economic reliance on China, but economic realities make decoupling ...

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