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Australia politics live: bank expects home price reduction from budget to be more than twice government forecast
Commonwealth Bank economists expect 5% drag on home prices from tax changes, compared with Treasury forecast of 2%. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning and welcome to our live politics blog.
Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop'
Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop' SYDNEY, June 2 : The cost of using AI will rise in less predictable ways as companies deploy the technology for complex tasks, the head of Australia's biggest bank said on Tuesday, calling the expense a key emerging management challenge. Commonwealth Bank of Australia CEO Matt Comyn said businesses globally are likely to tighten scrutiny of artificial intelligence-related spending through 2026 as adoption...
This 65-year-old programming language is making companies spend millions to keep it running
At a time when AI engineers with special skills are being paid millions, there is a small group of young developers who are working 65-year-old programming language and making fortunes. This programming language is called COBOL and it remains the absolute, load-bearing software of the global financial system, handling more money every single day than the entire annual GDP of many nations, since the Eisenhower administration. What is COBOL COBOL, a programming language created in 1959, is...
Dollar steadies as markets await signals on Iran war, central banks
Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...
Dollar steady as traders await progress on Middle East peace talks
Dollar steady as traders await progress on Middle East peace talks TOKYO, June 2 : The U.S. dollar steadied on Tuesday as markets took a wait-and-see approach to Middle East peace talks, with Lebanon announcing a limited ceasefire between Hezbollah and Israel, although broader geopolitical uncertainties kept traders on edge. Investors have treated any progress toward ending the Iran conflict with caution, given the fragility of a U.S.–Iran ceasefire struck in early April. The dollar index,...
Dollar steadies following US strikes on Iran and ahead of inflation data
Dollar steadies following US strikes on Iran and ahead of inflation data TOKYO, June 10 : The dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve's policy path. The U.S. military on Tuesday launched strikes against Iran after President Donald Trump said Tehran had shot down a U.S. Apache helicopter in the Strait of Hormuz, throwing a wrench into prospects of...
Property and the budget ease pressure on the RBA
analysis Property and the budget ease pressure on the RBA as two banks cut fixed rates Tue 9 Jun 2026 at 4:50am The older you get, the more frenetic the pace of life seems to become. No matter where you look, social, political and economic change appears to be in overdrive, and the long periods of stability we once enjoyed are becoming increasingly short-lived. Just look at the Reserve Bank.
Mickey Mouse and friends freeze Super Netball finals out of prime venue
analysis Super Netball Round-Up: Disney on Ice spoiled the sport's finals plans, so how does it secure better venues? In the penultimate round of the Super Netball season, the top four were locked in. The Adelaide Thunderbirds' success at Ken Rosewall Arena on Saturday, 66-60, saw them secure the minor premiership and knock the NSW Swifts out of finals contention.
Australia's economic slowdown is just beginning, the experts warn
Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...
No surprises but risks aplenty in Tom Koutsantonis's comeback budget
analysis No surprises but risks aplenty in Tom Koutsantonis's comeback budget Fri 5 Jun 2026 at 6:25am If a week's a long time in politics, nine years is an eternity. Yet some things haven't changed since Labor Treasurer Tom Koutsantonis last handed down a state budget in 2017. Back then, the Weatherill government was negotiating a support package for the Whyalla steelworks after the collapse of Arrium, putting up more than $50 million for a new owner.