business

Brent crude has dropped almost 3 per cent overnight, while the ASX is set to trade up today. Follow the day’s events and insights as they happen with our business reporters on the ABC News live markets blog. Source link

The Reserve Bank is distancing itself from KPMG with Governor Michele Bullock confirming the bank will re-tender its whistleblower hotline service. Source link

RBA governor Michele Bullock says she is not concerned about stagflation or a wage-price spiral Source link

An independent expert has urged Australia to “make sure that things are done properly”, while Woodside pushed back against her involvement. Source link

RBA Governor Michele Bullock has told Senate estimates that “practically no-one is in negative equity”. Meanwhile, the ASX remains in the red.  Source link

The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on households. Source link

One of the world’s biggest gambling companies is breaking into the ‘rewards club’ scene, raising the alarm among anti-gambling advocates. Source link

A new economic report by consultancy firm Deloitte says the AI “winners” will be organisations that combine human and machine strengths, with recruiters saying human judgement will still be key.  Source link

Australia could be hit with a new US tariff after the Trump administration accused dozens of countries of failing to crack down on goods made with forced labour. Source link

The monthly sales record comes as nearly half of all new vehicles sold last month were either an EV, hybrid, or plug-in hybrid.  Source link