Business

Australian diesel prices are tipped to soar to new record highs above $4 a litre even with the Federal Government’s temporary halving of fuel excise tax.

A tumbling oil price and rally in tech stocks including Google-parent Alphabet on Wall Street set the S&P/ASX 200 up for a positive open on Thursday.

The surprising reason for the Australian dollar being propelled to a four-year high has been revealed.

AGL Energy has announced stronger profit guidance just eight months after Labor’s 62-70 per cent emissions reduction goal for 2035 came into effect. AI is also expected to drive electricity demand.

The controversial former Qantas chief says the book, to be released in July will “set the record straight on what actually happened during my career”.

Treasurer Jim Chalmers has declined to confirm if a $300 tax offset will be in the Budget, having criticised the previous Coalition government in Opposition for having a tax offset program amid high inflation.

On Tuesday, as the RBA announced another rate hike, more Australians that ever did this one same thing. Now, a top mortgage broker has shared what you need to know.

Consumers can expect to pay more for smartphones and laptops, JB Hi-Fi boss Nick Wells warns, as the artificial intelligence-led boom in data centres squeezes technology supply chains.

OpenAI President Greg Brockman told a California jury Tuesday that Elon Musk physically threatened him during a 2017 confrontation.

Graphic design giant Canva has been slapped with $792,000 in penalties after the corporate regulator alleged four companies within the group failed to lodge financial reports on time.

Anthony Albanese has announced a new plan to lift Australia’s fuel reserves to 50 days and stockpile fertiliser in the wake of the Iran war prompted energy crisis. 

Commonwealth Bank has become the first of the Big Four to lift interest rates following the Reserve Bank of Australia’s decision on Tuesday. It was closely followed by NAB, ANZ and Westpac.

EDITORIAL: A Government cash splash will be working in direct opposition to the RBA. And looking at the big picture beyond a possible small Government sugar hit, we will all be the losers.

AARON PATRICK: A government that has spent four years splashing cash, driving up inflation and interest rates, is now promising to become fiscally conservative.

War inflation is squeezing the owner of Bunnings, Kmart and Target, with the boss warning higher costs will soon be passed onto customers.