Business

Labor’s workplace laws introduced in 2023 risk causing Australia to suffer from stagflation, a University of New South Wales professor has warned.

Mike Dorrell grew up in the country town of Griffith the son of a teacher, and is now among Australia’s 10 richest and a neighbour of Donald Trump in Florida.

The US President disappointed investors hoping for a quick resolution to the conflict now in its fifth week.

Jimmy Carter and Ronald Reagan both considered invading it. Saddam Hussein bombed it. In 1988 Donald Trump said that were he president, he would ‘do a number’ on the island. 

The Government has warned Australia could face shortages of gas over winter as the Resources Minister says she’s considering using the gas trigger to keep gas on home soil.

The financial services regulator’s final report into the ASX has questioned its management and governance after years of operational bungles.

The prime minister is set to unveil interest-free loans for freight, fuel and fertiliser companies hurt by the spike in fuel prices spurred on by the Iran war.

The boss of Australian Energy Producers has joined an attack on ‘anti fossil fuel activists’ for dictating the nation’s energy policy and warned any windfall tax would lead to job losses. 

The Treasurer has played down warnings from a former secretary of his department who has predicted Australia is ‘staring into the risk of stagflation’.

Some of Australia’s fastest growing suburbs are also particularly car dependent. KPMG urban economist Terry Rawnsley has explained why these postcodes are the ground zero of the fuel crisis.

Seeing the war coming, the Schusters bought enough diesel to keep their business going through the winter. Few other Australians were as lucky, and now face the prospect of rationing.

A physical supply shortfall could send oil prices spiralling higher.

Last-ditch efforts to save the company have fallen short.

Fortescue is urging big miners to help plug a $2.5 billion fuel excise hole in the Federal Government’s Budget by capping the amount they can claim in diesel subsidies.

Wednesday’s share market rally reflects investors tendency to focus on short-term daily headlines, rather than the medium term risks the bond market clearly sees.