Australia's economy is set to shrink by 0.7% in the third quarter of this year, as a direct result of the Greater Sydney lockdown. Representing a quarter of the national economy, the stay-at-home orders could create up to 200,000 job losses, according to forecasts...

Victoria is bracing for news of a snap lockdown in response to two new cases of COVID-19 detected in the community, multiple outlets report. It is understood the measure could be announced as early as Thursday afternoon. More »   

Twice as many Australians earning more than $150,000 are optimistic their income will increase in the next 12 months than those earning a median income or below, a new ABS report revealed. More »   

Aldi will spend more than $1 billion over the next five years to overhaul its Australian operations. The supermarket chain will open new small-format layouts called 'Corner Stores' and roll out its first self-checkouts as part of a modernisation effort. More ...

Industry groups have welcomed the new emergency funding for businesses and workers impacted by the Greater Sydney coronavirus lockdown, which has been lengthened another two weeks. More »   

Some customers say that Australian beauty companies still don’t offer samples and product ranges that cater to the diversity of Aussie consumers. Beauty influencers, activists and consumers say high end companies stock makeup for a wide range of skin tones but more ...

Toll is staring down the threat of an enormous strike, as negotiations break down between management and truck drivers. The Transport Workers Union (TWU) claims almost 7,000 workers could be swept up in industrial action, as the logistics company tries to change t...

Good morning all. 1. Support is coming for business and workers in New South Wales, courtesy of the state and federal government. Workers across the state who have lost hours due to the Greater Sydney lockdown will be eligible for up to $600 a week, while shuttered bu...

Peloton launches in Australia on Wednesday, with its bike range now available for sale online. The luxury exercise brand has amassed 5.4 million dedicated users globally across the US, Canada, the UK and Germany, with a view to adding plenty of Australians to the ...

Australia's telecommunications watchdog has issued a new list of industry guidelines, designed to protect vulnerable customers when seeking new phone and internet plans. More »   

PayPal has launched its own buy now, pay later offering to its 9 million Australian users. From Wednesday, PayPal customers will be able to 'Pay in 4', with no threat of late fees. More »   

The federal and NSW governments have pledged to boost and expand the COVID-19 emergency payment and provide new cash flow support to businesses impacted by the Greater Sydney lockdown. More »   

G'day folks. 1. Yesterday's COVID-19 numbers in NSW were as poor as expected. The state counted 112 new cases of coronavirus in the community, and Premier Gladys Berejiklian said it was “almost impossible” the lockdown would end this week as planned, saying the go...

Australia's economists are disputing links between high immigration and stagnant wages, after RBA Governor Philip Lowe reintroduced the theme in a recent speech. More »   

The Greater Sydney lockdown could erase GDP gains projected for the September quarter, economists warn. Australia has staged a remarkable economic recovery from the shutdowns of 2020, and the RBA in May projected GDP growth of 4.75% over 2021. More »   

In the past nine months, cult alcohol brands White Claw and Japanese RTD Strong Zero have launched in Australia, betting young Aussies will flock to their products. More »   

The Australian property market has rebounded strongly as a result of the fiscal and monetary responses to the COVID-19 pandemic. KPMG calculates that homes in each capital city will continue selling higher as a consequence, with Sydney buyers paying $120,000 more ...

Click Frenzy Julove is a massive online shopping event that offers massive deals across a range of big name brands. This year's Click Frenzy Julove is set to kick off from 7pm (AEST) July 12, and will run for 53 hours. More »   

The federal government is trialling new rules that will tighten ATO reporting requirements for gig economy operators and employees. As the gig economy expands to include more industries in Australia, it is increasingly facing regulation to improve safety and transpare...

Good morning folks. Welcome to Monday. Or is it Thursday? Hard to tell from here in Sydney. 1. The COVID-19 situation in Sydney is not particularly great. The state reported 77 local cases yesterday. Fifty-two people in NSW are in hospital with coronavirus and more th...

Reddit, the hugely influential internet message board platform, is opening a dedicated Australian office in Sydney. The company's Australian operations will include community engagement, engineering, and sales teams, to be helmed by former WooliesX head strategist ...

A survey conducted by The Age and The Sydney Morning Herald of 50 of the nation’s largest companies reveals a majority expect to continue hybrid work arrangements. More »   

New South Wales counted 112 new cases of coronavirus in the community overnight, marking the state's worst single day since the start of the pandemic. More »   

The Australian Taxation Office (ATO) says there are still a raft of companies that incorrectly accepted government assistance through the federal JobKeeper scheme over the past year. More »   

Australia's property markets have proved resilient throughout its various lockdowns. CoreLogic found that sales tended to bounce back following a lockdown period, but says government intervention had been the biggest factor stabilising the market. More »  ...