Business

Oil prices jumped again overnight as US President Donald Trump gave mixed messages on negotiations between Washington and Tehran.

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

Hospitals buckling under rising costs and lower revenue say a new Ombudsman report into private insurers bolsters their case for reform despite complaints falling on the previous year. 

Hundreds of thousands of ABC viewers changed channels last night during the first industrial strike by journalists and support staff in 20 years at the public broadcaster.

The inflation surge is putting huge pressure on the Reserve Bank governor, and calling into question its decision to cut interest rates last year.

NAB has announced a plan to cut jobs in Australia while increasing staffing at its ‘innovation centres’ in India and Vietnam.

The airline’s former chief economist warned its profits could plunge if the Middle East war translates into a big economic downturn and soaring ticket prices.

The union spearheading looming strikes at BHP’s iron ore mines warns they will be ‘the first of many’ to sweep through WA’s resources heartland.

Australia’s peak body for communications consumers called the move a ‘slap in the face’.

Christopher Kent, the RBA’s assistant governor of financial markets, has suggested interest rates are more likely to rise again soon despite fears the oil crisis will cause an economic slowdown.

Markets are still being driven by headlines around the Middle East war.

Rising cost-of-living pressures and interest rate hikes have led to some workers setting their sights on huge superannuation balances.

Meta is reportedly planning sweeping layoffs as it seeks to offset rising costs tied to massive investments ​in ​artificial intelligence.

A landmark verdict has found Google and Meta liable over social media addiction, with implications for thousands of similar cases

Traditional havens have vanished as confused and chaotic markets adjust to war, inflation, rising interesting rates, higher debt, an energy shock and AI.