business
Motorists urged to stop panicking and hoarding fuel as oil price surges
The oil price has surged again amid Iranian strikes on oil tankers and the fear there could be more attacks to come. Source link
Atlassian cuts hundreds of Australian jobs as AI slashes labour needs
Atlassian’s Australian workforce will account for 30 per cent of the tech giant’s global job cuts, with the freed-up funds to be invested in AI and enterprise sales. Source link
Over 3 million Australians experienced personal fraud last financial year — as it happened
The ASX 200 has fallen sharply as the oil price skyrockets in Asian trade, and a planned major release of crude supplies by the IEA has failed to calm markets. Source link
Building and pest reports to be mandatory with home owners to foot bill
The Victorian government says it will make home sellers pay for building and pest inspections rather than home buyers if it wins this year’s state election in November. Source link
War, oil, inflation are all creating interest rate perfect storm
Expectations the Reserve Bank will hike the cash rate next week are rising as leading economists shift their forecasts — and some say one increase may not be enough. Source link
Without fuel, these rural businesses say there will be no food
Growing fuel uncertainty is hitting rural and fisheries businesses across regional Queensland, potentially costing them thousands in lost production and much higher operating costs. Source link
Hundreds of millions wagered on Iran war through online betting markets
Gambling experts and US lawmakers have raised concerns about the ethics of online betting and whether insider information is helping profiteers cash in on war. Source link
Mineral exploration at record highs in modern-day gold rush
The surge in Australian dollar gold prices in the past year is being reflected across regional Western Australia, where gold exploration has hit record levels. Source link
ASX posts modest win as Asian markets regain ground — as it happened
A positive day on the ASX 200 as Australia’s market posts gains despite Westpac and the National Australia Bank predicting the RBA will lift rates by 25 basis points in March and May. Source link
Consumer watchdog keeping tabs on fuel price hikes
Australia’s consumer watchdog is watching fuel companies as prices surge past $2.50 a litre, driven by a Middle East war that has pushed global oil to nearly $US120 a barrel. Source link