Business

Australian trade unions are calling for higher taxes on energy companies, but professional investors say the war has proven how reliant on fossil fuels the world still is.

Shortages of fuels and chemicals threaten industries from farming to pharmaceuticals.

The consumer watchdog has hauled in petrol companies and motoring groups to get to the bottom of fuel price spikes amid the war in the Middle East.

Some of Australia’s biggest fuel retailers, including Ampol, 7-Eleven, and BP, have been hauled into a meeting with the consumer watchdog.

US stocks have closed higher, buoyed by a rebound in technology firms' shares. This major Nvidia announcement played a key part in confidence returning.

Financial crime regulator AUSTRAC and Australia’s big banks are scrambling to share information about organised crime home loan scams that could be worth as much $1 billion. 

Fuel retailers will face a ‘compliance blitz’ from both State and Federal levels amid widespread concerns over price gouging. Here’s what that means.

Guzman y Gomez co-chief executive Hilton Brett will cut his workload as he prepares for a kidney transplant later this year, leaving a question mark over the company’s leadership in Australia.

Australian home borrowers could be hit with a number of rate rises this year, sending the Reserve Bank cash rate to a level last seen in 2011.

The Australian stock exchange has dipped ahead of a busy week of global central bank rate decisions, with the Reserve Bank expected to be the only one to hike.

A widely-tipped interest rate hike on top of the ongoing global fuel crisis is spelling doom and gloom for household budgets as Jim Chalmers warns Treasury thinks inflation could rise close to 5 per cent. 

Australian families face a devastating double blow as the fallout from the Middle East smashes domestic households.

Japan is worrying about its fuel supplies while the Iran war rages so is calling on its "energy security lifeline" Australia to ramp up much-needed gas exports.

Energy minister Chris Bowen has been accused of being ‘asleep at the wheel’ as Australians in some areas face ‘unacceptable’ fuel shortages.