Business

US President Donald Trump speaks during a news conference at the Mar-a-Lago Club in Palm Beach, Florida, US, on Saturday, Jan. 3, 2026. President Nicolas Maduro has been charged in the US after he was captured and flown out of Venezuela, following a series of airstrikes that mark an extraordinary escalation in the Trump administration's months-long campaign against the country. Photographer: Nicole Combeau/Bloomberg

Local gas giants brush off US-led Venezuelan uncertainty

Markets have brushed off Donald Trump’s extraordinary intervention into Venezuela, even with the promise of a long-term oil boom in the South American country.

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The chaos in Caracas won’t trigger a price hike but an escalated conflict with the US could see petrol hit $2.20 a litre.

Could petrol prices hit $2.20 a litre in Venezuela chaos?

A 40-year oil industry veteran and chief executive has revealed what it would take for the drama in Venezuela to affect petrol prices in Australia.

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Bank staff are now the first line of defence in the war on overseas scammers.

The new role of bank staff in their war on romance scams

A new breed of bankers have become the first line of defence against off-shore crooks who pose as online lovers to fleece Australians of their hard-earned cash.

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Australia’s biggest beef producer is bracing for an earnings hit from cattle deaths after heavy rain and flooding across Queensland.

Fears of mass cattle deaths from Queensland floods

Australia’s biggest beef producer is bracing for an earnings hit from cattle deaths after heavy rain and flooding across parts of Queensland hit three of its stations.

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Hybrid work has become the new normal at the expense of CBDs. NewsWire

How hybrid work is reshaping Aussie CBDs

Hybrid work is reshaping Australia’s CBDs, creating a surprising divide that is quietly transforming city centres and the way businesses operate.

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Oil prices are in focus after the US deposed Nicolas Maduro and moved to take over Venezuela's oil. (Joel Carrett/AAP PHOTOS)

Aussie shares edge up with oil in focus after Venezuela

Raw materials and energy stocks are supporting the local bourse, but most other sectors are in the red as the shaky start to the new year continues.

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Warren Buffett has retired.

Can it float without the moat? Berkshire’s uncertain future

THE ECONOMIST: Now that Warren Buffet has finally retired, his successor faces an uphill battle

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FILE: Ciudad Ojeda on Lake Maracaibo, an important shipping route with the lakes oil rigs located in the Zulia State in Venezuela, South America.

The obstacles to Trump’s plan for Venezuelan oil windfall

There’s a familiar ring to Donald Trump’s plan to send US energy giants to Venezuela to use the wealth generated from rekindling oil production to stabilise that country and cement American energy dominance.

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US tech billionaire Elon Musk has lost his stronghold on the EV market.

Musk loses global electric vehicle crown

There’s a new world's best-selling electric vehicle maker in town, with Elon Musk’s Tesla losing out to a Chinese rival.

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A couple may only need $432,000 in their superannuation to retire comfortably. Supplied

Shock amount you need to retire comfortably

New figures based on what retirees are actually spending in retirement shine a light on just how much superannuation Aussies need when they leave the workforce.

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AMEC chief executive officer Warren Pearce, pictured in West Perth.

Critical minerals sector draws rare earths support blueprint

Government backing for critical minerals should focus on rare earths vital for clean energy and national security and emulate an existing scheme underpinning renewable projects, the sector has told ministers.

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Greek swimmer Kristian Gkolomeev worked with the organisers to test the concept.

The sports tournament where drugs are allowed

THE ECONOMIST: Derided as the ‘doping Olympics’, the Enhanced Games have drawn intense criticism from sporting bodies.

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Major business groups have joined calls for a national royal commission into anti-Semitism and the terror attack at Bondi Beach.

Pressure mounts on PM as major businesses demand Bondi RC

Major business groups have joined calls for a national royal commission into anti-Semitism and the terror attack at Bondi Beach, following on the heels of more than 130 eminent Australians.

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The boom in artificial intelligence was the biggest driver of gains in the stock market. That could pose a risk in 2026.

AI held up Wall Street in 2025, but will that continue?

THE NEW YORK TIMES: In recent months, a tumble in some of the more speculative AI companies has also knocked down some of the market’s leaders.

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Uber monitors passenger feedback for risky driver behaviour. Some accused of serious sexual assault had prior records of complaints.

Flagged for sexual misconduct, Uber drivers stay on the road

THE NEW YORK TIMES: Uber has left many drivers with records of complaints on the road — until passengers accused them of serious sexual assault, according to a New York Times investigation.

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