Grocery hikes loom as fuel crisis hits supply chains
Shoppers are being warned to brace for inevitable price hikes with supply chains facing major oil disruptions as the conflict in Iran drags on. It was no longer a question…
Hard time for renters as landlords squeeze tight market
Australian renters continue to have a hard time finding a home, despite vacancy rates slowly improving from post COVID pandemic lows. Vacancy rates across Australian capital cities and the regions…
Hard time for renters as landlords squeeze tight market
Australian renters continue to have a hard time finding a home, despite vacancy rates slowly improving from post COVID pandemic lows. Vacancy rates across Australian capital cities and the regions…
Meta, Google liable for social media addiction: US jury
A Los Angeles jury has found Alphabet’s Google and Meta liable for damages in a landmark social media addiction lawsuit that will influence thousands of similar cases against the tech…
RBA ready to shift up a gear as the neutral rate rises
The Iran war could push up the “neutral” interest rate level, requiring even more rate rises to get inflation under control, a Reserve Bank official says. As the conflict in…
OpenAI pulls AI video app that sparked deepfake fears
OpenAI is shutting down its social media app Sora, which went viral as a place to share short-form videos generated by artificial intelligence but also raised alarms in Hollywood and…
Industry bailouts defended as Iran war smashes markets
With fuel shortages biting amid global tensions, the federal government is betting Australia’s future on a tighter link between industry, science and research. Industry Minister Tim Ayres used his first…
‘Fight will continue’: ABC staff broadcast jobs warning
Australians could face more local news and program blackouts if the national broadcaster’s management cannot reach a resolution with striking workers. For the first time in two decades, ABC staff…
Australian shares soar on Middle East ceasefire hopes
The local share market has had its best day in almost a year, after reports the US is seeking a ceasefire with Iran buoyed investor sentiment. The S&P/ASX200 surged 154.9…
Stocks bounce, oil retreats on Mideast ceasefire hopes
Stocks rose and oil fell on Wednesday on reports the US is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for…