Woolworths says two weeks of industrial action has cut $50 million in sales from its supermarket business as the retailer struggles to stock shelves.

Higher than expected retail sales cast doubts on whether the Reserve Bank of Australia will cut rates.

Many households find themselves under financial pressure, even as government rebates attempt to mitigate the impact of escalating energy prices.

A new report by the BCA ranks Victoria as the worst state or territory for doing business, with more onerous regulations acting against growth and investment on a range of measures.

Australian housing prices have increased for the 22nd month in a row, but the market appears to be losing steam.

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