Economy

While Josh Frydenberg personally consulted the Merivale CEO about JobKeeper’s design, court documents detail the huge underpayment suit his pub empire is facing.

Despite spending $60 billion less on JobKeeper than forecast, the government has announced an early end to the wage subsidy for childcare workers.

The political power of tradesmen helped put Scott Morrison in office – and now he has a scheme to repay them.

While Josh Frydenberg admits Australia has slid into its first recession in 29 years, he maintains government stimulus can spark a recovery.

Victoria’s participation in China’s $US1 trillion Belt and Road Initiative has attracted widespread criticism and created conflict between the state and the Department of Foreign Affairs and Trade.

With Covid-19 restrictions easing, plans are afoot to revitalise Australia’s city centres, even though international students and office workers may never return in the same numbers.

As the government tries to justify how its JobKeeper forecast was out by $60 billion, two economists who questioned the initial figures explain what might be next for Australia’s economy.

While Scott Morrison drops hints about a deal with the unions to boost Australia’s economy, the unions say a modern Prices and Incomes Accord is not on the table. But one of the original scheme’s architects, former ACTU boss Bill Kelty, has a plan of his own.

Amid escalating trade tensions with China, questions are being raised about the proper scrutiny of foreign investment in Australia.

International students created a gold rush for higher education in Australia, but in the wake of the Covid-19 pandemic, universities will need to shrink in order to survive.