Business

Virgin Australia has followed rival Qantas and will start cutting flights as it battles to keep a lid on rising jet fuel costs amid a seesawing oil market roiled by war in the Middle East.

The International Monetary Fund is urging the Reserve Bank to look through the energy price shock and warns the government against wasteful stimulus measures.

Two of Australia’s wealthiest citizens will today find out who is entitled to billions of dollars worth of mining royalties and assets.

Australians’ confidence in the economy has evaporated under the weight of out-of-control inflation, rising interest rates, fuel shortages and a Middle East war.

Every working Australian is taking a wealth hit from the war and every business is facing a major profit warning. Volatility spells trouble.

Australian households are bracing for more financial pain in the coming months as soaring fuel prices coupled with higher-for-longer interest rates crunch budgets.

Sandilands was sacked by the company for ‘serious misconduct’ after an on-air clash with his co-host Jackie ‘O’ Henderson on February 20.

The ongoing ructions between the US and Iran and an unease ceasefire that is yet to deliver a deal on a lasting peace has forced Qantas to adjust capacity.

The lender revealed its profitability took a hit from interest rate volatility in the Middle East conflict.

An investigation declaring British computer science expert and libertarian Adam Back invented Bitcoin has divided opinion.

Japan’s Inpex has pledged Australian buyers will have first dibs on its next fuel cargo amid a global scramble to shore up supply disrupted by the Middlle East conflict.

Passengers will soon pay more per trip under a temporary fuel surcharge, as rising global oil prices begin flowing through to everyday travel costs.

A Washington H. Soul Pattinson-led consortium has returned with an improved offer, which the target is considering after rejecting its previous bid.

War, oil shocks and stubborn inflation collide to derail hopes of rate cuts and test the Fed’s independence.

Markets reacted quickly to US President Donald Trump’s blockade threat, with oil prices spiking and the ASX falling amid fears of global supply disruption.