ABC Business Daily
ABC Business Daily unpacks the latest business and finance news, analyzing stories that move share markets, shape industries, and affect the Australian economy. From Monday to Thursday, Senior Business Correspondent Carrington Clarke examines the biggest business news with ABC's specialist reporters. On Fridays, financial journalist Alan Kohler hosts in-depth interviews with decision-makers, innovators, and strategists shaping the economy.
Episodes
The ACCC’s war on oligopolies
It’s been a busy year for Australia’s consumer and competition regulator. The ACCC has made headlines, taking supermarket giant Coles to court over misleading discount pricing - and winning. A similar court case involving Woolworths pricing schemes is ongoing. But beyond the high-profile legal cases - the ACCC stays busy - carefully considering nearly every corner of the Australi
Trump tariffs are back
We know Donald Trump loves a tariff. And according to his administration, a slew of new ones are set to hit 60 countries this afternoon. Australia is on the list - with a 12.5 per cent tariff that will be imposed on Australian exports to the US. So what exactly are the grounds for these new duties? And what will be the impact? And how does Australia’s tariff square with those imp
Does the RBA like unemployment?
Fresh employment data just released from the Australian Bureau of Statistics, shows the unemployment rate has held steady in line with economists’ expectations. What do these numbers mean for the RBA’s interest rate decision next month?And some Australian small businesses have been surprised to get reimbursements from the US government for money collected from the so-called liber
What Australians get wrong about interest rates
A brand-new bulletin from the Reserve Bank is out today, capturing how Australians experience and understand the economy. And while public awareness for the RBA is high, survey results seem to suggest that people don’t have a great handle on how inflation is affected by interest rates. So what problem does this present for the RBA – whose one blunt tool is to toggle rates?And a n
Will Moonshot’s AI bring Silicon Valley back to earth?
A new AI model from Chinese startup Moonshot has put pressure on Silicon Valley-backed tech titans. Meanwhile markets have taken notice, with downturns on the South Korean KOSPI. Could these sorts of tech moves in China, drag the highly valued Space X, Nasdaq and more - back down to earth?And here in Australia, where the national property conversation carries on, could a lack of
Are we heading for a private credit crunch?
Financial regulator ASIC has raised concerns that a private credit crunch could be on the horizon, putting Australians on alert about superannuation and property investment in funds with little or no disclosure obligations. Meanwhile ASIC has raked in hundreds of millions in fines - more than four times the previous year’s take, with a new stance on enforcement paying dividends.
Jim Chalmers on Australia’s AI balancing act
Artificial intelligence is moving fast. Can the Australian government keep up? Prime Minister Anthony Albanese’s much-anticipated speech at Sydney University this week detailed what he says makes Australia uniquely attractive to AI investment and outlined the need for a national framework to take advantage of the opportunities AI affords, while ensuring standards and safeguards a
SpaceX shares slip
SpaceX’s share price has slipped after making IPO-history last month and turning founder and CEO Elon Musk into a trillionaire. So how has the market reacted? And what does this mean for the other tech giants in line to go public?Meanwhile workers at mining behemoth BHP are planning industrial action today - at one of Australia’s huge iron-ore export hubs. What does this tell us
Albanese weighs in on the AI economy
Prime Minister Anthony Albanese has told Australians that it is not a matter of if - or even when - artificial intelligence will transform the economy. Instead, the question is how that change will happen. Meanwhile nearly 200 international economists and tech leaders have signed a statement urging policy makers to take AI’s impending economic impacts seriously. So how might the
What’s keeping oil prices from spiking even more?
The price of crude oil has spiked, again. And US President Donald Trump has posted on social media, saying the US will charge a 20 per cent fee on cargo travelling through the contested Strait of Hormuz.But why is the price of oil still not as high as many would expect? And what economic costs remain behind a ceasefire that appears to have effectively collapsed?Meanwhile, we cont
Why pay isn't keeping pace with productivity
The interaction between pay and productivity has driven some of Australia’s biggest economic and policy debates in recent decades.New research from the Centre for Policy Development suggests that the typical worker’s wages are not keeping pace with productivity growth. And moreover, it's been this way for three decades. So why does productivity matter? And what larger questions
Justin Wolfers on the absurdities of Trump’s America
Justin Wolfers has spent 25 years in the United States watching the world’s biggest economy from close range - and from the useful distance of an Australian accent that still cuts through the absurdity.A former Reserve Bank economist and now Professor of Economics and Public Policy at the University of Michigan, Wolfers has become one of America’s sharpest economic communicators.
Will Telstra's outage lead to financial fallout?
Telstra’s outage has caused dismay and anger across the country. And as problems continue into a second day, questions are being asked about whether further regulations are needed. So what are the business costs of this chaos? And what could the impact be for Telstra’s bottom line?And the latest rental data confirms a troubling tale for those looking for somewhere to live.While t
Can Australia trust AI?
The Telstra outage has caused disruption across the country - and highlighted just how dependent businesses and households have become on systems that are meant to work, seamlessly and constantly.At the same time, AI is spreading fast through workplaces and the economy, promising productivity gains while raising harder questions about reliability, regulation, and the future of jo
Is the NRL about to break the media rights record?
A multi-billion-dollar broadcast deal is in the works for the NRL - and if it goes through (as it's expected to), it would become the biggest media rights deal in Australian history.So what does the sheer amount of money on the table say about the state of Australia’s media industry? And with Nine, Foxtel and Stan all in the mix, who is actually going to foot the bill?Carrington
Why are there so many ETFs on the ASX?
With the financial year officially over, it's time to take stock of the Australian stock exchange, which saw a record number of Exchange Traded Funds added to its board last year.So what explains this spike in ETFs on the ASX? And who is actually utilising them?And while the value of Australian stocks did increase last financial year, the ASX lags far behind the gains of other gl
Fuelcast: A final update, for now
With the 50 per cent fuel excise cut now over, it's a good time to take stock of where the energy crisis stands - from the price of Brent crude, to the still-fragile movement of ships through the Strait of Hormuz.So how do things now compare with where they were before the US and Israel attacked Iran on 28 February? Has the disruption in Hormuz permanently reshaped other critical
Ampol on fuel security after Hormuz
The war between Iran, the US and Israel has forced the world to confront just how fragile energy supply still is. Even with a memorandum of understanding now in place, the Strait of Hormuz remains a live fault line - and the shock has again exposed how quickly fuel security can become an economic and political question.Matt Halliday runs Ampol, one of Australia’s biggest fuel ret
Tax Week: Investment property low down
We've heard a lot about negative gearing and investment properties recently, so if you own property, what will the changes mean for you?In this episode Carrington Clarke and Emily Stewart get into the nitty-gritty of the new rules for investment properties: from indexation to negative gearing, grandfathering to offsetting. Listen in to hear what these changes mean for new build d
Trump's made money - will you?
Fresh financial disclosure documents gave the world a window into just how much money United States president Donald Trump has made during his first year back in the White House. And the numbers might shock you.Is it right for a leader to be making such serious cash while in office - particularly when some of those riches came from Trump's controversial meme coin, despite a lot o
Tax Week: Changes slated for your shares
Do you own shares or ETFs? The proposed CGT changes could affect your investments.In this episode Carrington Clarke and Emily Stewart explain CGT tax changes in store for Australians who own EFTs and direct shares. Listen in to hear how the system used to work, how the new system is set up, and when the switchover will go into effect. Be sure to check out Emily's ABC Newsletter,
Property down, rent up
The monthly property data we've been waiting for is here. And the numbers tell us that national property prices are, in fact, falling. Meanwhile, rents are rising at an extraordinary clip - what part does this play in the affordability picture?And in the wake of a wave of scandals at the big four consulting firms, the government has proposed potential regulations to respond to an
Tax Week: A new $1,000 tax deduction?
You might have heard about the new $1,000 tax deduction for work-related expenses... but how will it actually work?In this episode of Tax Week with ABC Business Daily, Carrington Clarke and Emily Stewart unpack everything you need to know about the new $1,000 dollar work-related tax deduction: what it is, what it isn't, and who it makes sense for. Be sure to check out Emily's ABC
AI (over)exuberance
Tech titans are spending trillions of dollars as they compete to be crowned winner of the ongoing artificial intelligence race. But this raises a fundamental economic question: is the expenditure actually going to be worth the prize?And will there be anything left over for those who come runner up?You can read Ian's AI analysis here. Be sure to catch our bonus tax-week episode
Tax Week: Your EOFY checklist
Not sure what to do with all those tax receipts? How will the new $1000 tax deduction actually work? And what about changes to negative gearing and the CGT discount? Welcome to Tax Week with ABC Business Daily, a special bonus series hosted by Carrington Clarke and ABC finance reporter Emily Stewart, aka ‘Sensible Emily’, editor of the Your Money Explained newsletter. In this ep
Polestar's EVs are under pressure
American drivers will have one less electric vehicle maker to choose from, with the news that EV company Polestar has been banned from selling in the US.So why is the Swedish brand seemingly paying the price for its Chinese tech? And what questions does this raise for a booming Australian EV market - packed with Chinese cars? Meanwhile here at home, a long-time-coming piece of l
Fuelcast: Iran continues to control the Strait
The US struck Iran over the weekend following Iran’s drone attack on a cargo ship in the Strait of Hormuz late last week. Ebrahim Azizi, head of the Iranian parliament’s national security commission, responded to US President Donald Trump on social media saying, “the Strait of Hormuz is governed by Iran, so: Respect the rules” and do “not mistake control for escalation.”Iran is e
The start-up taking on the US hospital system
4DMedical has become one of the most closely watched healthcare companies on the ASX this year, as investors and hospitals alike pay attention to an Australian technology company trying to change how lung disease is detected and treated.Andreas Fouras is the mechanical engineer behind it. He took technology originally developed to study airflow in wind tunnels and adapted it to m
Job numbers for Australia, and for Karl Stefanovic
It's been a big week for economic data - with fresh jobs numbers in from the ABS, showing that employment increased in May.But how do these numbers relate to the bigger economic picture in light of yesterday’s CPI data and the RBA's July decision?And while the data says that some Aussies are starting jobs, another media shake-up appears to be brewing. What do you need to know abo
An inflationary mixed bag
The latest CPI numbers showed headline inflation easing thanks in part to falls in fuel prices.But the trimmed figure - which helps to measure underlying inflation came in hotter than the previous month.So where does this leave the RBA on the question of 'where to next' on interest rates?Meanwhile - there’s been a budget deal with Labor and the Greens. What do you need to know
Wisetech in the spotlight
Today brings tales of Australian business turmoil. After criticism and pressure, more heads are rolling at KPMG, while one-time tech darling, WiseTech Global, saw its share price pummelled yesterday - hitting a 5 year low following reporting surrounding founder Richard White.And while this unfolds at home - is SpaceX shaking up business as usual on the stock market internationall
Are younger Australians paying more tax?
Fresh data from Cotality shows that property sales continue to slow with a drop in auction clearance rates while the rental market remains hot.Meanwhile a new report into Australia’s tax system says young people are carrying more than their fair share of the load.And did Friday’s senate inquiry into KPMG mark a major milestone in holding the professional services firm to account?
Fuelcast: Are we back to normal?
The fighting may have eased, but the picture in the Strait of Hormuz is still murky - with conflicting claims about whether oil is really moving through one of the world’s most critical shipping routes.At the same time, the federal government has extended the fuel excise cut, but at a smaller discount. So what does that say about fuel security, petrol prices, and how worried Canb
Should AI answer the phone?
Voice AI is one of the clearest fronts in the fight over what artificial intelligence will actually do to human work.Not in theory, and not eventually - but right now, in one of the most routine, repetitive and heavily staffed parts of the economy: the call centre.Will Bodewes is the Melbourne graduate behind Phonely.ai, a now San Francisco-based startup building voice agents for
Do skilled migrants help the economy?
There's a lot of heated debate about Australia's immigration program. And so when a new report on the economic outcomes of skilled worker visa holders hit host Carrington Clarke's inbox - he was eager to find out more.Today on the podcast, Carrington is in conversation with Dr. Peter Varela, research fellow at the Tax and Transfer Policy Institute at the Australian National Univ
Slaying inflation and a Sandilands settlement
The RBA’s decision to leave rates on hold might have triggered a collective sigh of relief from Australia’s mortgage holders, but there was a clear warning from RBA governor Michelle Bullock that the board stands ready to hike further if necessary.And after months of negotiation, ARN Media has reached a settlement with its former radio star Kyle Sandilands.While Sandilands gets a
A rate hold - but will it last?
After three rate hikes in 2026, the Reserve Bank has finally hit pause - leaving the cash rate unchanged at 4.35 per cent.The Board says inflation is “still too high” and that higher fuel prices are “passing through to the prices of other goods and services”, but decided to hold steady while it assesses the impact of earlier increases.Carrington Clarke and ABC News Business Edito
As markets rally, where will rates go?
The Australian stock market has surged after US President Donald Trump declared that oil shipments will soon start flowing freely through the strait of Hormuz.The announcement comes as Australia's Reserve Bank starts its deliberations about what to do with interest rates ahead of tomorrow afternoon's decision.So does this Hormuz news lower the chance of further rate hikes?Carring
Fuelcast: Will 'the oil flow'?
“Ships of the world, start your engines. Let the oil flow!”That was US President Donald Trump on Truth Social after news that the US and Iran had reached a ceasefire agreement - a deal Iran has also confirmed.But we've been here before - and while the announcement is dramatic, plenty of questions remain. Will the oil really flow? How will we know when the Strait of Hormuz is trul
Katharina Lou and the new rules of retail
Katharina Mildren started her fashion label, Katharina Lou, at her kitchen table not long after finishing university. A few years on, the business is growing at 50 per cent a year, employs half a dozen full-time staff, and has built a customer base that extends well beyond Australia.This is partly a classic founder story - how to start a business, manage cash flow, deal with stoc
Trump loves inflation
Inflation in the United States has jumped to a three-year high, with rising energy prices adding fresh pressure as the war in Iran escalates again.So what does hotter US inflation mean for global markets, interest rates, and Australia?And with SpaceX about to go public in what could be a historic market moment, how should investors think about the hype - and the growing security
Woolworths to offshore office jobs
Australian grocery giant Woolworths is expected to ship hundreds of corporate jobs offshore. Barbeques Galore says it's going to close up shop with hundreds of workers facing redundancy. What to make of these retail shakeups?And why is Wesfarmers positive about the transformational power of AI?Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Bus
Fuelcast: A global 'electrification moment'?
Energy and Climate Minister Chris Bowen says Australia’s petrol, diesel, and jet fuel reserves are now higher than they were when the war in Iran began - and enough to keep the country secure through August. But as Transport Minister Catherine King warns, the fuel excise cut is still expected to end this month. So is what we have on hand enough?And what does that tell us about fu
Is the SpaceX IPO risky?
After weeks of anticipation, Elon Musk’s SpaceX is finally about to go public at the end of this week - but not before OpenAI also turned heads, with news that it's looking to test the public market.So is there any risk behind the sky-high SpaceX hype? And a week out from the RBA’s next rate decision, economists at Australia’s big four banks can’t seem to agree on the RBA's next
OPEC+ to produce more oil
Negotiations between Iran and the US remain up in the air as Iran sends missiles toward Israel for the first time since April. Meanwhile the oil producing countries of OPEC+ say they will increase production in July. But with the Strait of Hormuz still closed, will that oil have anywhere to go?And we answer your questions: why the disruptions to oil have been so big – given that
What broke childcare?
Childcare has become a system that almost everyone relies on, but very few think is working properly.Families pay a lot, quality is uneven, and after years of marketisation the sector is now dominated by for-profit providers. So how did Australia end up here? Why is the system still so expensive? What does the data say are the differences between for-profit and not-for-profit car
Scandal at KPMG
A simmering scandal at accounting firm KPMG has reached a boiling point with multiple heads rolling and admissions about poor handling of a whistleblower’s complaint. It's raising questions, once again, about how the big four accounting firms operate in Australia.Meanwhile tariff threats from the United States have surfaced anew. What exactly does it mean for Australian businesse
Are we in an economic slowdown?
New data shows Australia’s economy was already slowing the first three months of the year, before the full impact of a series of interest rate hikes and the war in the Middle East washed through.So what does this slowdown mean for the outlook for interest rates?And what will the Fair Work Commission's wage hike mean for Australia's workers?Carrington Clarke and ABC Business Repor
Fuelcast: Is the global oil tank about to be empty?
Have oil prices been too calm for a crisis this big?Economists are starting to worry that forecasts for the length of the conflict - and the hit to global oil supply and prices - have been too optimistic. So what if this war drags on?And with just one month left on the reduced fuel excise, will the government extend the relief if there is still no end in sight?Carrington Clarke a
Big tech goes public
There’s a race happening on Wall Street, as AI giants rush to go public and collect the prize of passive funds. Anthropic has made the latest move to file on the heels of SpaceX, which is already set to stage the largest public offering in stock market history.And a huge uptake in home batteries here in Australia is reshaping the power industry. Could battery-generated power help
Why property is flatlining
National property price rises have stalled, according to recent data, as three successive rate hikes and planned property tax changes seem to dramatically shift the market.So where does the Australian property market go from here?And as the Australian Bureau of statistics prepares to release GDP data later this week, there’s a larger conversation going on about what GDP measures
Fuelcast: What is the shelf-life of oil?
Fears are growing that global oil supplies are approaching “minimal operational limits” – the amount of oil needed to keep pipelines and storage facilities stocked and safely running. So what is the difference between minimum oil requirements, and the oil that’s available to go to market? And we answer a fuel storage question from listener Serghei in Canberra.Carrington Clarke an
Anthropic's Peter McCrory on Claude and the big AI disruption
Artificial intelligence is no longer just a Silicon Valley fascination, a share market story, or something happening off in the distance.It is becoming a force that could reshape work, productivity, innovation, and the way whole economies function - and one of the companies at the centre of that shift is Anthropic, the maker of Claude.Peter McCrory is Anthropic’s chief economist.
Who really is investing in property?
Fresh analysis from the Reserve Bank, released today, paints the clearest picture yet of Australian housing investors.So who exactly are they? And what does this detailed demographic data tell us about the property market’s winners and losers?And liquor giant Endeavour Group has announced that it's exiting its vineyards and wineries portfolio.What does the future of one of Austra
The inflation figure, explained
Data from the Australian Bureau of Statistics released today shows that the Consumer Price Index fell in April, thanks in large part to easing fuel costs. But underlying inflation remains stubbornly elevated. So what should we make of these numbers? How might they shape the RBA’s moves on next month’s rates decision - and is this a good or bad sign of the health of our economy?
Fuelcast: Gas plans on (and off) the table
One of the big stories out of Canberra this week is the government’s draft discussion paper on a domestic gas reservation policy.So is it a realistic plan? Does the government have political support from the Opposition - and public support too - as calls for a gas tax grow louder in some parts of the country? And what would it actually cost, and mean, for the flow of gas to house
Economists cut through the budget noise
As the dust settles on the government’s big federal budget announcement, questions still remain about how and when changes will take place.But what do some of Australia’s leading economists think of the proposed policies a fortnight later?And power prices are set to fall for many customers with even bigger drops for businesses.So what’s driving the relief, and how will this set t
Economically stuck? It's not just you
New economic data suggests people across Australia are staying put--forgoing job changes, new businesses, and interstate moves. So what’s keeping people feeling stuck? And what bigger costs might this have for the Australian economy?Meanwhile, according to a Commonwealth bank commodity report, Chinese steel output has dipped while US output is undergoing something of a resurgenc
Fuelcast: A Strait deal, or no deal?
US officials say the country is close to reaching potential peace deal with Iran - which would include the opening of the Strait of Hormuz. But, as before, the specifics (and certainty) are still up in the air. So is how is the global energy market reacting?Daniel Ziffer and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Busine
Susan Lloyd-Hurwitz on Australia’s housing reckoning
Housing is suddenly one of the biggest fights in Australian politics.After years of timidity, both the government and opposition are now throwing punches on tax, migration, infrastructure, and supply in what could become a genuinely consequential moment for how Australia deals with housing.Susan Lloyd-Hurwitz chairs the National Housing Supply and Affordability Council, the body
Notable numbers for employment and Nvidia
Today we're covering a handful of fresh figures that have just come in.What do the latest employment numbers tell us about the state of the Australian economy? And what to make of tech giant Nvidia’s quarterly results that have surpassed Wall Street’s expectations?And with Joe Longo’s last day as Chairman of the Australian Securities and Investment Commission, where do things sta
The bond market sell-off frenzy
Major sell-offs are rippling across global bond markets as fears of rising inflation mount.So why is the global bond market behaving this way? And what does this mean for the Australian economy?Plus, fresh data from the Grattan Institute suggests that Australia is wasting billions of dollars on unused parking spots. What’s going on with capital city car parks?Daniel Ziffer and Li
Fuelcast: Why is diesel dearer?
Why is diesel still more expensive than petrol? And where exactly is the Fuel Tsar while the energy crisis rolls on?Dan Ziffer and Tom Crowley take on your questions - from the politics of fuel prices to the economics behind them - and help make sense of what’s happening, who is responsible, and what matters most right now on Fuelcast on ABC Business Daily.Listen to Carrington Cl
A small business revolt on CGT
AI-generated Anthony Albanese memes. Startup founders in revolt. And a growing fight over whether the government’s capital gains tax changes will hurt the very businesses it says it wants to support.The Treasurer Jim Chalmers insists there is plenty of misinformation flying around. But with Australia’s startup sector now worth hundreds of billions of dollars, the stakes are real.
Economists are divided about the housing market
It hasn't even been a week since Treasurer Jim Chalmers unveiled the 2026 federal budget, but the conversation around property doesn't seem to show any sign of slowing soon.Even economists remain divided about what impact the federal budget's tax changes will have on the Australian housing market.So what are the economists saying? And where’s the disagreement?And with the war bet
Fuelcast: A check in on global fuel supply
There is still no obvious end in sight to the closure of the Strait of Hormuz, and G7 finance ministers are meeting this week to discuss the economic fallout, particularly for Europe.So it’s time for a check-in: what is the state of global fuel supply, with the conflict still unresolved?And as Alan Kohler reflects, Prime Minister Anthony Albanese can keep flying around the world
Hugh Marks on the ABC’s next act
Commercial television is under pressure, newspapers have had to reinvent themselves, audiences are splintering across platforms, and the algorithms are doing their best to turn everyone into a partisan.Into that comes Hugh Marks - a career commercial media executive, former Nine boss, and now the man running the ABC.He joins to talk about the future of traditional media, whether
Fuelcast: We answer your questions
This episode starts with your questions - because if you’re trying to make sense of the energy crisis, chances are other listeners are asking the same thing. So what’s happening at Viva’s Geelong refinery after the recent fire? And what about biofuels - has the global fuel shock actually sparked a boom in Australia?Carrington Clarke and Alan Kohler are here to help you cut throug
Is Coles' DOWN DOWN 'dead'?
This morning a verdict came DOWN DOWN on Coles, delivering a huge win to consumer watchdog ACCC in a case that accused the supermarket giant of misleading shoppers on discounted items. And Commonwealth bank shares plummeted yesterday, falling more than 10 per cent. But is it fair to link it to the taxation changes in the budget?Carrington Clarke and ABC Business Reporter Daniel
Who will benefit from the budget?
It’s the day after the big budget release and there’s a certain buzz rippling across the country. Treasurer Jim Chalmers claims this is the most ambitious budget in decades and says it will make things fairer for young Australians. But what exactly will the budget mean for business, the economy, and you?Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down
Fuelcast: What the budget means for petrol prices
The 2026 federal budget makes clear the temporary fuel excise cut is due to end on June 30th.So is the government betting the crisis eases in time, or risking a fresh hit to motorists while the Reserve Bank warns against more cost-of-living relief?Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Dai
A big budget all about housing
Treasurer Jim Chalmers has unveiled his highly anticipated "responsible" and "reforming" fifth budget, aiming for "resilience" and a bolstering of the economy.Housing tax reform was the centrepiece, with changes to negative gearing and the capital gains tax discount announced.Labor says the reforms will allow 75,000 new people to afford their first home, but does the move go far
What you need to know about tomorrow's budget
A brand-new federal budget is slated for release tomorrow, with expectations running high that although the energy supply shock has played havoc with economic forecasts, the government will still unveil major reforms.Meanwhile new analysis says that a rethink might be in order for how interest rates impact the labour market. Carrington Clarke and ABC business and economics report
Fuelcast: What if the fuel excise ends?
The Strait of Hormuz remains closed, US-Iran negotiations are still going nowhere, and the clock is ticking on Australia’s temporary fuel excise cut.So where does that leave the policy? Could a change impact how much you're paying at the pump? And what does a 26 per cent jump in Saudi Aramco’s profits say about who is winning, and who is paying, in the ongoing energy crisis?Carri
Pete Findlay on Bega’s cost crunch
A closed shipping route can sound like a distant problem - until it starts showing up in the cost of Vegemite, peanut butter, milk, cheese, yoghurt, packaging, freight, fertiliser, and food on Australian shelves.Pete Findlay runs Bega, the company behind some of Australia’s best-known products. He says the closure of the Strait of Hormuz is already driving costs higher right thro
Fuelcast: Explaining the new gas reservation policy
The government has unveiled a new energy strategy, which will force major east coast gas companies to reserve 20 per cent of their export volumes for the Australian market. The policy is set to go into effect in the middle of next year.But is the government being prudent? Or is this more of a ‘too little too late’ kind of move?Carrington Clarke and ABC Chief Business Corresponden
When an AGM feels like a funeral
Frustrations boiled over at the ARN Media annual shareholders meeting, with owners voicing anger at the performance of the company in recent years, and a messy divorce from two of its biggest stars.Meanwhile, the price of oil has dropped, with markets seeming to pull from never ending reserves of hope that the Strait of Hormuz is soon to open.So what should we make of these big b
The targets of big tax change
After another rate hike was handed down from the Reserve Bank yesterday, Governor Michelle Bullock was quizzed on whether government spending could make the RBA’s task of bringing down inflation more difficult.While she was careful to avoid direct criticism of government policy, she also made clear that higher demand wouldn’t be welcome.So how might this impact Treasurer Jim Chal
Fuelcast: How China stores fuel
Project Freedom is paused - and attention is turning to who is best prepared for a longer fuel shock. China imports most of its oil, but it has also built one of the world’s biggest crude stockpiles.So what’s its strategy?Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent cru
A rate rise
Another rate hike is here, with the Reserve Bank lifting the cash rate to 4.35 per cent and wiping away the policy easing delivered last year.The RBA says fuel-driven inflation linked to the Middle East conflict is adding to price pressures across the economy, and that inflation is now likely to stay above target for longer. So what does that mean for mortgage holders, inflation,
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