James Glynn

Australia’s consumer prices jumped in the first quarter, hitting the highest level since September 2023, as the impact of the energy shock fed into the data.

The Reserve Bank of Australia delivered its third consecutive interest-rate increase, citing a deteriorating inflation outlook and warning of “plausible” scenarios where fuel-price pressures rise more than expected.

James Glynn is a reporter for The Wall Street Journal and Dow Jones Newswires in Sydney.

Australia’s treasurer touted the latest budget as reform-focused and the most ambitious in a generation. Economists hope that he is proven right.

Treasurer Jim Chalmers told parliament the tax changes address growing “intergenerational unfairness” that has priced many young people out of the property market. - Lukas Coch/AAP/Reuters

The Reserve Bank of New Zealand raised interest rates Wednesday in what appeared to be a tentative move by policy makers to combat nagging inflation pressures.

SYDNEY—The Reserve Bank of New Zealand raised interest rates Wednesday in what appeared to be a tentative move by policy makers to combat nagging inflation pressures.

James Glynn SYDNEY—The Reserve Bank of Zealand has highlighted the speed at which firms are now prepared to pass on costs to consumers amid

Australia’s Prime Minister Anthony Albanese said that legislation for the artificial-intelligence industry is expected early next year.

James Glynn SYDNEY—Australia plans to require data centers to underwrite their electricity and water supplies, as the government seeks to govern the growing artificial-intelligence industry.