Two energy companies have been hit with severe penalties over “unacceptable behaviour” involving non-existent efficiency upgrades.
Andrew Hedgman
Major gas mines off the WA coast have been evacuated and knocked offline by Tropical Cyclone Narelle, all while global supply is already constrained.
Blair Jackson
Energy Minister Chris Bowen has revealed the state of Australia’s fuel supply in a snap press conference alongside Anthony Albanese.
Ria Pandey
Opposition Leader Angus Taylor has written to the Prime Minister and called on him to slash the fuel excise to bring down during prices.
Petrol companies will face massive fines if they are found guilty of ripping off Aussie motorists, under new laws passed on Thursday.
Ria Pandey and Nathan Schmidt
Liberal frontbencher Andrew Hastie says he’s open to a 25 per cent tax on gas profits as multinationals reap huge gains from Iran war price spikes.
Nathan Schmidt
The Albanese government is advocating for a pay rise for 2.7 million minimum wage earners as fuel prices continue to skyrocket.
The ABC managing director has kicked off a war of words with striking employees and union reps after accusing them of “playing a game”.
Jack Nivison
A baby product is being urgently recalled after overseas incidents showed the lithium-ion batteries can overheat and spark fires while charging.
A common Aussie product sold across multiple states is being recalled over fears of a serious bacterial contamination.
David Hannant
Record business failures could devastate Australia’s most critical sectors, as the oil price shock risks triggering an economic collapse similar to Covid-era lockdowns.
Cameron Micallef
Jim Chalmers has been grilled on Australia’s fuel excise after warning inflation was tipped to worsen as the Iran war hits home.
Nathan Schmidt and Ria Pandey
Australian tech billionaire Mike Cannon-Brookes finished work $1bn poorer on Tuesday as Atlassian shares crashed.
Treasurer Jim Chalmers has introduced new laws to empower the ACCC to crack down on price gouging, including a tough new penalty.
Regular ABC viewers will face a very different nightly broadcast from tomorrow as thousands of staff participate in a 24-hour strike.
Euan Kennedy
Household budgets face a massive blow from Friday as mortgage rate hikes take effect, health insurance premiums surge and cost of living pressures mount.
Australia’s under-attack meat industry has been dealt a further blow from a historic $10bn free-trade arrangement.
A union has called for employers to let their staff work from home due to rising transport costs caused by the war in the Middle East.
Qantas has made a huge call on one of its most crucial routes due to the soaring cost of jet fuel, as Australia’s service stations grapple with a critical petrol shortage.
Donald Trump’s Iran announcement has triggered a massive surge in ASX futures as global markets celebrate falling oil prices.
A peak union body has launched a major push to increase Aussie workers’ minimum wages “so they can continue to catch up”.
Crushing cost of living pressures have forced more Australian families to embrace multi-generational living, with over half now supporting the arrangement.
Anthony Albanese has issued a grim warning about the future of the world order, warning the country must prepare for a new economic reality.
Asked if Australians were prepared for Covid-style fuel measures, an international energy boss says he “definitely wouldn’t say yes”.
