Business

The Reserve Bank has warned the Iran war could push Australia toward a damaging mix of rising prices and weaker growth, echoing the economic turmoil of the 1980s.

For now, they are still a long way behind

French Trade Minister says brutal tectonic shifts in the global order caused by Donald Trump and China have forced it to dump the country’s concerns over beef and pursue critical minerals as a priority.

Treasurer Jim Chalmers has shared new details about if Australia could be plunged into recession as a result of the deepening oil crisis amid slower economic growth and higher inflation.

Core inflation could hit peak COVID-19 pandemic levels, with up to five Reserve Bank rate hikes, if the Middle East crisis isn't resolved soon, analysts warn.

Australia’s aviation sector is nervously awaiting updates on the impact of a fire at the only oil refinery in Australia that produces fuel for jets and smaller planes.

It was once the go-to place to get an incredible deal, now, it is closing down.

Analysts warned the limited details about the blaze could create a supply shortfall of diesel and unleaded petrol that could push prices higher.

Big W is slashing prices on more than 2000 products in a move that highlights the pressure retailers are facing to deliver value for customers buckling under the weight of higher cost of living.

Australia’s unemployment rate remained steady at 4.3 per cent in March - the first full month of the Iran war - making an interest rate rise next month more likely. LNG-rich Queensland saw jobless rate plunge.

A US Federal jury has found Live Nation, the concert giant that owns Ticketmaster, has operated as a monopoly.

Viva Energy Australia’s chief executive says production is no longer a priority after an enormous blaze hits Australia’s most critical oil refinery amid the global fuel crisis.

Unemployment data for March will be the first glimpse of how the Middle East conflict is affecting the economy more broadly.

Flight Centre’s CEO has revealed the risky gamble Australian travellers will need to take if they want to save on travel costs.

The mania for businesses directly linked to demand for AI is set to sweep across the ASX as soon as the June quarter with two potentially large listings.