Business

A surge in oil prices to as high as $US150 a barrel will trigger a global recession, the boss of the world’s biggest fund manager, BlackRock, has warned.

Influential CEO warns of global recession risk

A surge in oil prices to as high as $US150 a barrel will trigger a global recession, the boss of the world’s biggest fund manager, BlackRock, has warned.

Updated
Read more (1 min) →
Andrew Forrest says China needs to ‘step away from that gun fight’

‘Poke the bear’: Twiggy blasts China ‘cartel’ price tactics

Fortescue founder Andrew Forrest is the first leader among Australia’s iron ore giants to publicly rebuke China’s state-run iron buyer for its tactics aimed at pushing down prices of the key commodity. 

Updated
Read more (2 min) →
Video
Australia’s trade deal with the EU means some products will have to undergo a name change.

Why some popular foods are being forced to change their name

Prosecco is in but ouzo is out. Parmesan, too, is safe but if you’re a fan of certain delicious cheeses such as pecorino romano there’s bad news.

Updated
Read more (3 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
As long as oil prices remain very elevated, there will be increased pressures on many businesses. (Lukas Coch/AAP PHOTOS)

Insolvencies at record highs amid Iran war

Australia's most essential industries are exposed to major risks from the ongoing conflict in the Middle East, as surging oil prices weigh on economic growth.

Updated
Read more (2 min) →
Video
Aussies are finding new ways to save on fuel as the crisis continues to widen.

Fuel crisis triggers surprising new trend among drivers

From fuel vouchers to AI-powered price tracking, motorists are changing how they fill up as the fuel crisis bites.

Updated
Read more (3 min) →
Miners continued to lead the rebound from last week’s sell-off.

ASX rockets on possible path to peace in Middle East

Australian investors have welcomed news of a possible path to peace that will end a month of bombings across the Middle East, sending the S&P-ASX200 sharply higher.

Updated
Read more (3 min) →
Homegrown software giant Atlassian tumbled another 8 per cent overnight, although some investors think its 70 per cent collapse is overdone.

Investor says Atlassian’s $63 billion wipeout overdone

Homegrown software giant Atlassian tumbled another 8 per cent overnight, although some investors think its 70 per cent collapse is overdone.

Updated
Read more (2 min) →
Share markets are unsure how to react to President Donald Trump’s war claims.

Tragedy or comedy: Traders gripped by cognitive dissonance

Markets excellent at pricing known risks are finding themselves ill-equipped to account for the uncertainty that comes from a war.

Updated
Read more (3 min) →
Video
BlackRock CEO Larry Fink.

World’s largest investor warns of ‘global recession’

As Treasurer Jim Chalmers issued another grim outlook for the economy, BlackRock chief executive Larry Fink said an oil price of $US150 a barrel would probably lead to a “stark and steep recession”.

Updated
Read more (3 min) →
The Albanese Government is considering new so-called windfall taxes on the oil and gas industry to capture profits out of the Middle East crisis.

Japan hints at fuel-swap but warns against gas cash grab

Japan could be open to a fuel-swap deal with Australia’s LNG but has cautioned Anthony Albanese against taxing oil and gas exports saying it could hurt the bilateral relationship. 

Updated
Read more (2 min) →
ASX tipped to rise after Donald Trump declares ‘war is won’

ASX jumps after Donald Trump declares ‘war is won’

The S&P/ASX 200 share index rose 1.25 per cent and benchmark crude oil prices eased to $US96 a barrel after the US reportedly sent Iran a 15-point peace plan.

Updated
Read more (2 min) →
Treasurer Jim Chalmers and Finance Minister Katy Gallagher are considering fiscal reforms.

Labor tosses up reform options as inflation storm looms

Australia expects to be buffeted by economic headwinds blowing from the Middle East, putting economic reform at the forefront of budget discussions.

Updated
Read more (2 min) →
Video
SYDNEY, AUSTRALIA - MARCH 25: Australian Broadcasting Corporation (ABC) staff walk off the job during industrial action at the ABC headquarters in Ultimo on March 25, 2026 in Sydney, Australia. The industrial action is the first at the national broadcaster in two decades. (Photo by Lisa Maree Williams/Getty Images)

Striking ABC staff may be forced back to work for news ‘emergency’

ABC staff have downed tools for the first time in 20 years, fighting for an improved pay offer and better working conditions but a last minute decree by their managing director could see them forced back to work.

Updated
Read more (3 min) →
Treasurer Jim Chalmers during Question Time at Parliament House in Canberra.

Chalmers pledges productivity boost under Iran pressure

Treasurer Jim Chalmers vows May’s Federal Budget will have a substantial emphasis on lifting lagging productivity as Opposition Leader Angus Taylor claims Aussies could be $35,000 worse off without a fix.

Updated
Read more (1 min) →
Treasurer Jim Chalmers has conceded the Iran war will make Australia’s inflation challenge worse, and could have be as damaging to the economy as the pandemic and the 2008 global financial crisis.

Chalmers warns Iran war could hit as hard as pandemic, GFC

Treasurer Jim Chalmers has conceded the Iran war will make Australia’s inflation challenge worse, and could be as damaging to the economy as the pandemic and the 2008 global financial crisis.

Updated
Read more (2 min) →