The Australian dollar strengthened due to optimism about China's resilient economy and potential stability in U.S.-China trade relations. Meanwhile, Japan's political scene shifted as the ruling Liberal Democratic Party allied with the Japan Innovation Party,

O n October 6th the prime ministers of Australia and Papua New Guinea stood side by side, buffeted by gusts of westerly wind in Australia’s capital, as they announced the first new military alliance in the Asia-Pacific region since the cold war.

Australia’s economy is in a “pretty good spot” with inflation inside the central bank’s 2-3% target band and the labor market still tight, Governor Michele Bullock said Friday.

The overall economy is looking up but everything from Trump’s tariffs to bad government decisions are causing real pain for thousands of businesses across the country.

Having won re-election in a landslide in May, Australia’s Labor government has a big mandate to do something about this. Jim Chalmers, the treasurer, says driving up productivity is his priority. The question now is whether his government has the tools—and the gumption—to reverse the country’s economic problems.

Unemployment in Australia jumped to its highest level since late 2021, reviving speculation that the Reserve Bank of Australia has more work to do.

Donald Trump’s tariff war is still sending ripples across the global economy, and Australia hasn’t been spared. As the world navigates the ongoing fallout from these trade disruptions, the impact on Australia’s economy is becoming clearer.

Australia fell into its deepest economic slump on record last quarter as coronavirus curbs paralysed business activity, while fresh outbreaks threaten to upend any immediate recovery, piling pressure on the government to keep fiscal taps open.

SYDNEY, Oct. 20, 2025 /PRNewswire/ – The Brattle Group has welcomed Dr. Luke Wainscoat to its growing Sydney office as a Principal in the firm’s Antitrust & Competition practice. An economist with 20 years of experience, Dr. Wainscoat advises clients on complex competition, regulatory, and damages matters in Australia and New Zealand.