Business

Miners managed to eke out a 2 per cent gain on the local bourse but seven of the market’s 11 sectors were in the red.

Oil tanker attacks blow $47b hole in Aussie stocks

Investor nerves over just how long the US-Israeli war with Iran will last and growing fears over global oil supply is driving the Australian share market back deep into the red.

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Two oil tankers have been struck in an “unidentified attack” in Iraqi waters.

Iran vows revenge as nations agree to release oil reserves

The International Energy Agency will release 400 million barrels of oil, it’s largest ever release as Iran threatens to send oil prices to $200 a barrel.

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Energy Minister Chris Bowen hopes lowering fuel standards will help lower pressure on fuel prices.

Why Albanese is allowing dirtier fuel into Australia

The Albanese Government will allow dirtier fuel to be used in Australia to combat the record-high petrol price crisis.

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Collins Foods managing director Xavier Simonet believes Germany is a ‘strategic market’.

KFC operator Collins Foods jumps on Germany expansion

Shares in Australia’s biggest KFC operator, Collins Foods, have jumped after announcing it will ramp up its push into Germany to capitalise on the country’s growing appetite for fried chicken.

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Shock job cuts at Aussie tech giant amid AI fears.

Mass email sacking: Atlassian swings axe as AI fears surge

The homegrown software company flagged that it can use AI to replace roles and improve productivity.

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There are no signs yet that oil tankers or cargo ships can safely sail through the Strait of Hormuz.

Iran fires on ships in Gulf as Middle East conflict escalates

Iran has attacked merchant ships in the Gulf and launched strikes across the Middle East, signalling it can still retaliate despite intense US-Israeli bombardment.

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Travellers should expect cut-price offers on Middle East-based airlines as soon as the Iran war is over, says an aviation industry expert. It comes as a major airline axes flights to and from the region.

Major airline axes flights but war’s end to bring fare deals

Travellers should expect cut-price offers on Middle East-based airlines as soon as the Iran war is over, says an aviation industry expert. It comes as a major airline axes flights to and from the region.

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A plume of smoke rises after an explosion in Tehran.

Surging Aussie dollar closes in near-four year high of US72¢

At Thursday’s Australian close of US71.8¢, the dollar is the best performer this year from the G10 basket of currencies, which includes the US dollar, the British pound and the Japanese yen.

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Treasurer Jim Chalmers and Energy Minister Chris Bowen have announced new maximum fines of $100 million for oil companies and petrol retailers that use the Middle East war as a cover to rip off motorists.

Dodgy petrol retailers face $100m fines as fuel prices surge

Treasurer Jim Chalmers and Energy Minister Chris Bowen have announced new maximum fines of $100 million for oil companies and petrol retailers that use the Middle East war as a cover to rip off motorists.

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By April, R.M. Williams’ network will sit just shy of 70 stores.

R.M. Williams eyes £15m turnover with new UK stores

Australian bootmaker R.M. Williams is targeting more stores across the United Kingdom as it eyes over £15 million ($28.1m) in turnover.

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Anthropic was co-founded in 2021 by siblings Dario Amodei, pictured, and Daniela Amodei.

US giant Anthropic to set up in Australia amid AI boom

Anthropic— the artificial intelligence giant suing the Trump administration— is set to open a Sydney office in the coming weeks as it expands its presence across the Asia-Pacific region.

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Anthropic was co-founded in 2021 by siblings Dario Amodei, pictured, and Daniela Amodei.

US giant Anthropic to set up in Australia amid AI boom

Anthropic — the artificial intelligence giant suing the Trump administration — is set to open a Sydney office in the coming weeks as it expands its presence across the Asia-Pacific region.

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Global oil supplies have been hit due to the war in Iran.

The options Donald Trump has to cool oil prices

As Donald Trump’s options to cool oil prices run dry, the US president says he has a plan. It would need to be shrewd ...

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Benchmark interest rate futures traders now expect a rate hike from the Reserve Bank on March 17 is more likely than not.

Interest rate horror: ‘61 per cent’ fears

NAB and Westpac are now forecasting a rate hike next week. Benchmark cash rate futures traders lifted the chance of a rise to 61 per cent after RBA Deputy Governor Andrew Hauser spoke on Tuesday afternoon.

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The liquefied natural gas  production facility in Qatar's Ras Laffan Industrial City.

The essential commodities under threat from Iran conflict

The disruption to global commodity prices from the US-Israeli war with Iran is spreading far beyond energy markets

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