Bloomberg Economics warned that Australia's data center buildout, driven by AI investment, could push capital expenditure above 2% of GDP in fiscal 2026-2027, straining construction, labor, and energy…
Australia's June quarter construction data shows overall construction fell 2.1%, dragged down by engineering work, while non-residential building rose but not enough to offset the drop, indicating the…
Reserve Bank of Australia Deputy Governor Andrew Hauser warned on Wednesday (Aug 19) that the central bank will have to raise interest rates again if upside risks to inflation crystallise, citing the …
Oil prices held steady on Tuesday after jumping 5% the previous day, with Brent crude unchanged at $87.72 a barrel and U.S. benchmark crude flat at $82.13, as uncertainty persisted over when the Strai…
The Federal Reserve is increasingly concerned about the economic effects of an investment boom in artificial intelligence, with mentions of AI in FOMC minutes rising from 8 to 21. The central bank fre…
Australia's economy grew 0.3% in the first quarter of 2026, down from 0.9% in the previous quarter, while GDP per person fell 0.1%, according to the Australian Bureau of Statistics. The slowdown was d…