The federal opposition believes Treasurer Wayne Swan will need to be a magician to deliver his promised budget surplus in 2012/13 in the light of downgraded global growth forecasts.
Opposition Leader Mark McGowan is being "sneaky" by promoting an opt-out provision for workers under proposed Sunday trading laws, the government says.
Prime Minister Julia Gillard says the federal government will help find jobs for the 350 Toyota workers made redundant and shore up the car industry overall.
Western Australia’s resources sector has applauded the now bi-partisan support for Sunday trading, saying the added vibrancy from more open shops may help attract more migrants from the eastern sta
Oil prices rose modestly Monday after the EU slapped an embargo on Iran's crude exports as part of tough new sanctions aimed at stopping Tehran from funding its disputed nuclear program.
Newly-installed state Labor Leader Mark McGowan has confirmed the party will support the introduction of Sunday trading and will not revoke any approvals for uranium mines in Western Australia, in
Defence Minister Stephen Smith says he is not concerned that incoming Western Australian Labor leader Mark McGowan could battle the federal government on infrastructure funding from the mining tax.
Economists believe the rate of inflation in Australia is continuing to slow although it maybe the cooling world economy that will play a greater role in cutting interest rates.
Prime Minister Julia Gillard says the government is "determined" to return the federal budget to surplus, despite a soft jobs market and reduced expectations for global growth.
Western Australian Labor leader in waiting, Mark McGowan, says some decisions by the federal government have hurt his party's chances at a state level.
Australia is in for a tough economic year after the World Bank slashed its global growth forecasts and warned there could be a worldwide recession worse than three years ago.
Prime Minister Julia Gillard says the opposition is being "deeply irresponsible" by talking down the Australian economy while markets are skittish over the European debt crisis.
French President Nicolas Sarkozy has warned Europe faces an "unprecedented crisis" but urged calm in the face of Standard & Poor's multiple eurozone rating downgrades.
The mass debt downgrade of eurozone nations has reignited a debate over boosting the bloc's bailout fund, but governments are divided over raising their contributions, a senior EU official says.