Business

A brutal forecast has spelled out more financial pain for the country, with a decade-long wait for Aussie workers’ wages to return to their pre-Covid value.

Families with mortgage relief on their Christmas wish-list will almost certainly be left disappointed on Tuesday with Reserve Bank boss Michele Bullock to signal whether a dreaded hike looms in the new year.

Australians will lose electricity subsidies at the end of the year, an Albanese Government decision that leaves consumers even more exposed to an inflation outbreak.

DIMITRI BURSHTEIN: A rate hike would not please borrowers ahead of Christmas, but an inflation surge would be far worse, hurting all Australians — especially low-income households.

AARON PATRICK: Even though the Treasurer has decided to end electricity rebates, he is overseeing a widening budget deficit that is putting upward pressure on interest rates.

Q+A: Over age pension age and still working? Here’s how giving up work could leave a couple better off in retirement.

THE ECONOMIST: Which economy is the world’s best? The 2025 rankings are out and the results aren’t what you’d expect.

The Treasurer has confirmed Labor’s $150 energy rebate will not continue into next year, in a brutal Christmas present to struggling Australians.

THE ECONOMIST: The enormous West African iron ore supply threatens Australia’s global export power.

Australia needs to make five key changes to its outdated tax system to pay back the more than $1 trillion national debt, including a hike in GST.

The official cash rate is expected to remain on hold when the Reserve Bank decides on interest rates for the last time in 2025.

Two of the world’s biggest creators of scripted drama are set to create one of the biggest shows the corporate world has ever seen.

The multi-billion dollar deal will bring a swift end to a dramatic bidding process that saw Paramount and Comcast also vying for the legacy assets.

Netflix has emerged as the likely winner of the three-horse race to buy Warner Bros in a deal worth tens of billions of dollars. The transaction will rock Hollywood.

TikTok has urged young users to download their content just days out from Australia’s social media ban coming into effect on December 10.