Business

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.

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.

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

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.

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

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.

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.

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.

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.

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

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.

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.

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 ...

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.

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