Business

YOUR MONEY: There’s a double-edged sword coming for part-pensioners. Centrelink payments will rise next week, but so will deeming rates. That could wipe out the latest rise, and a chunk of their pension, too.

Australian shares have crashed 3.8 per cent on Monday in one of the worst days of the past year, with investors fretting about the impact of soaring oil prices on global economic growth.

Stranded Gulf supplies are choking off the region’s economies

Oil prices have surged again in Australia in a move that means motorists will face big price hikes at the bowser.

Australians could face higher prices beyond the petrol bowser as farmers warn fuel disruptions amid Middle East tensions could hit supermarket shelves.

As oil shipments stagnate while shipping lanes are closed in the Middle East, petrol prices are surging, raising the possibility of a hike in inflation.

Treasurer Jim Chalmers invited economists to Canberra to hear their views on the economy. But a former Treasury economist said it looked like a scheme to make them back off from slamming the Budget.

Bunnings will introduce facial recognition technology to combat retail crime in its New Zealand stores within weeks while preparing the ground for a longer-term Australian rollout.

The outcome may not pass the pub test but the outgoing head of the corporate regulator says it was justified in taking on the Star casinos case.

A former head of the Australian Competition and Consumer Commission is warning of petrol rationing should the Iran war continue.

The Australian billionaire is set to walk down the aisle once again after confirming his engagement to his former model girlfriend. 

BHP and Rio Tinto tumbled on Friday as worries emerged China is set to ramp up its pressure on Australian iron ore.

Bets about the Iran war made on Polymarket highlight how its tech could revolutionise sports betting, with one large regulatory obstacle to overcome.

In a rare acquisition by the streaming company, actor Ben Affleck has sold his artificial intelligence start-up InterPositive to Netflix.

Treasurer Jim Chalmers is holding a Chatham House rules event with economists on Friday, including an advocate who wants to replace the 50 per cent capital gains tax discount on investment properties.