IMF cuts outlook, warns of potential global recession
An extreme scenario in which the Iran conflict lingers could push the global economy to the brink of recession, the International Monetary Fund says.
economy, business and finance
Chronic housing shortage heaps more pain onto renters
Australian renters are spending a record share of their income on housing costs as a chronic shortage of stock drives prices higher across the nation.
‘Pretty severe’: warnings for Australia ahead of budget
One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.
arts, culture and entertainment
economy, business and finance
human interest
imperial and royal matters
Prince Harry honours veterans during solo tour day
The Duke of Sussex has paid tribute to the power of sport in helping veterans overcome trauma, as his wife Meghan made a surprise return to television.
RBA’s stagflation nightmare: prices up, confidence down
Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.
Qantas route cuts will hit hard for regional travellers
Australians in regional areas will bear the brunt of increased airfares and reduced services as Qantas cuts routes in response to increasing fuel prices.
diesel fuel
diplomacy
economy, business and finance
energy and resource
exports
imports
international (foreign) trade
international relations
petrol
politics
Unions lobby to unlock fuel cap for workers who drive
Australia's peak union body is calling for fuel allowances for workers to be increased to help them meet rising costs at the bowser.
Iran threatens ports as US set to impose blockade
A showdown looms as the US prepares for a blockade of all Iranian ports and Iran warns that no port in the region will be safe if American forces carry it out.
Spoils of Iran war to deliver Chalmers a budget boost
The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.
Peru election marred by delays as Fujimori leads count
Keiko Fujimori, daughter of former president Alberto Fujimori, narrowly leads Peru's national election - a vote hit by delays as it heads to a run-off.
Hungary PM Orban out after 16yrs in election earthquake
Hungary's nationalist leader Viktor Orban, a close ally of both Donald Trump and Vladimir Putin, has lost power after 16 years in office.
Trump threatens Strait of Hormuz blockade
President Donald Trump says the US Navy will immediately start a blockade to stop ships from entering or leaving the Strait of Hormuz.
Richest state could fuel up for ‘tough’ times
A cashed-up state government could build its own emergency fuel reserve while still expecting to receive its cut of the national stockpile.
Tourism funding boost to help cyclone-hit towns recover
Towns reliant on tourism will receive help to rebuild with a support package on its way for businesses rocked by Cyclone Narelle.
advertising
diesel fuel
economy, business and finance
energy
energy and resource
media
oil and gas - downstream activities
oil and gas - upstream activities
petrol
politics
unrest, conflicts and war
More cost relief on table as Aussies asked to save fuel
The impacts of the energy crisis will likely continue even if a Middle East ceasefire holds, the government warns as it prepares to roll out an ad campaign.
Doubts over Lebanon, sanctions ahead of Iran peace meet
A US delegation led by Vice President JD Vance is in Pakistan to join Iranian government ministers and officials for peace talks.
AMP leaders defend share price, tout AI future
There is no sideline position to take in the disruptive moment offered by artificial intelligence, the leader of an Australian wealth stalwart says.
breaking_news
diesel fuel
diplomacy
economy, business and finance
energy and resource
exports
imports
international (foreign) trade
international relations
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Australia inks fresh fuel supply deal with Singapore
Australia's largest supplier of refined fuel will continue to provide petrol and diesel amid global uncertainty as part of a new agreement.
Albanese seeks out fuel supply deal in Singapore visit
The prime minister is hoping an agreement with Australia's largest provider of oil can be reached as the Middle East conflict causes global volatility.
consumer confidence
diesel fuel
economy, business and finance
energy and resource
petrol
politics
unrest, conflicts and war
World economy counts cost of war as strait closes again
The economic costs of conflict are greater than severe natural disasters and can leave scars that last for a decade, the world's "financial firefighter" says.
US, Iran weigh ceasefire plan as Trump deadline nears
US and Iran have received a ceasefire plan, as President Donald Trump threatens to unleash "hell" if Tehran doesn't make a deal to open the Strait of Hormuz.
SpaceX registers to take rocket maker public: reports
SpaceX has confidentially filed for an initial public offering in the United States, according to reports.
No clear case for longer Iran war with goals won: PM
Australia will join a snap meeting to end disruption to shipping in a critical oil corridor as the prime minister questions the value of a prolonged Iran war.
construction and property
economy, business and finance
house building
interest rate
land price
mortgages
real estate
Major capital home prices slip in two-speed market
Australia's housing market is diverging as the biggest capitals go backwards while growth accelerates in mid-tier cities.
Win for younger workers with discount pay rates axed
Workers in retail and fast food jobs will be eligible for the full award wage once they turn 18 after a decision from the workplace watchdog.
Cafes, hotels take swipe at $1.6b consumer card fee win
The RBA has binned surcharge fees on debit and credit card transactions, which it says will save punters $1.6 billion - if businesses pass on the savings.
The RBA conflict that could decide its next rates call
Australia's central bank must abandon its narrow path and choose between getting inflation down quickly or keeping unemployment low, economists say.
Top forecaster’s dire prediction if Iran war drags on
Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.
WTO talks end in deadlock after Brazil blocks deal
In a "major setback for global trade", the World Trade Organization has failed to secure a collective decision on e-commerce during talks in Cameroon.
Russia’s Ust-Luga port damaged by more Ukrainian drones
Ukrainian President Volodymyr Zelenskiy is seeking support from Gulf states for Ukraine's war against Russia and is offering air defence expertise.
diesel fuel
economy, business and finance
energy and resource
petrol
politics
road transport
transport
unrest, conflicts and war
Truck tax cut backed as fuel-rationing threat looms
Business groups have urged the government to cut the road-user charge for trucks, but not the fuel excise for all motorists.