Browsing: Business

CANBERRA: Australia said its fuel supply remains stable despite outages at some service stations and sharply higher pump prices, with federal ministers and official stockholding data showing the country has about 38 days of petrol and around 30 days of

MELBOURNE: Australia’s energy regulator is telling consumers that the coming offer of free midday electricity is not an automatic bill cut for every household, and that savings will depend on whether people can move some of their electricity use into

CANBERRA: Australian motorists are facing renewed pressure at the pump as global oil markets react to the Middle East conflict and domestic regulators step up scrutiny of retail pricing. The Australian Institute of Petroleum’s weekly report for the week ending

CANBERRA: Australia’s biggest business lobby is urging the federal government to cut red tape and recalibrate tax settings after a new competitiveness index placed the country mid-pack for attracting investment, with weak scores on regulation and business taxation. The Business

SYDNEY: Australia’s consumer sentiment weakened in February after the Reserve Bank of Australia lifted interest rates, with households reporting greater pressure on finances and a pullback in appetite for major purchases. The Westpac Melbourne Institute Consumer Sentiment Index fell 2.6%

CANBERRA: Australia’s Clean Energy Finance Corporation said it will commit up to A$60 million to support discounted car loans for buyers of eligible Hyundai Motor Group and Kia battery electric vehicles, in a partnership with Hyundai Capital Australia. The program

WASHINGTON, 21 October 2025: The United States and Australia signed an $8.5 billion agreement on Monday to jointly develop and expand critical mineral and rare earth supply chains, in a move designed to accelerate mining and processing capabilities across both

WASHINGTON, October 6, 2025: Gold prices reached an all-time high on Monday, surging above $3,960 per ounce as global investors sought safety amid increasing economic and geopolitical uncertainty. Spot gold climbed to $3,963.42 per ounce in early trading, setting a

Vienna, October 6, 2025: The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a production adjustment of 137,000 barrels per day (bpd), effective November 2025, following a virtual meeting on Sunday, October 5. The decision reflects the

ABU DHABI, October 1, 2025: The Comprehensive Economic Partnership Agreement between the United Arab Emirates (UAE) and Australia formally entered into force on Wednesday, initiating a significant expansion of bilateral trade and investment frameworks between the two economies. The agreement,