Business News

50 years ago when the Middle East was at war, oil prices skyrocketed. But it probably won't happen this time.

Written by Jamie Cross, Assistant Professor of Econometrics & Statistics, Melbourne Business School

Global oil prices jumped after Israel declared war on Hamas in response to its unexpected attack on Israel on Saturday, the eve of the 50th anniversary of the 1973 Arab-Israeli War.

Back then, between late 1973 and early 1974, the world oil price almost quadrupled after the United States offered financial support to Israel in the...

Could a ‘grey swan’ event bring down the AI revolution? Here are 3 risks we should be preparing for
James Lauritz/GettyThe term “black swan” refers to a shocking event on nobody’s radar until it actually hap…
How the plastics industry shifted responsibility for recycling onto you, the consumer
Australia’s recycling system has been lurching from one crisis to another for decades. Soft-plastic schemes are collaps…
Navigating the New Normal in Fleet Operations: A Raw Look at 2025’s Industry Shifts
The Year of Reckoning for Fleet Management 2025 isn’t just another year for fleet operators. It’s the year where everythi…
Even if heads roll at Optus, we may not know much about their executive payouts
Optus has promised its staff will be held accountable for September’s Triple Zero outage – but only after “…
RBA keeps interest rates on hold, leaving borrowers looking further ahead for relief
As expected, the Reserve Bank of Australia (RBA) has kept the cash rate steady at 3.6%. Its board unanimously agreed it was b…
Bali powers Aussie retailers for Christmas
With holiday sales set to surge, Australia’s biggest brands are increasingly routing customer calls nearshore, with Bali …

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Understanding the Importance of Property Valuation Services in Darwin
Introduction Darwin’s property market is known for its unique blend of residential, commercial, and rural investments. With constant changes in market demand, infrastructure development, and lifestyle shifts, understanding the real value…

Guide to Avoid Car Removal Scams
Why people are choosing car removal companies to sell their vehicles? Well, it's a trend for a reason. These companies offer a hassle-free solution to get rid of damaged or…
The National Breastfeeding Strategy is a start, but if we really valued breast milk we'd put it in the GDP
On tap, therapeutic, and much more valuable than cow's milk.ShutterstockCOAG Health Council. August 2, 2019Australia’s new National Breastfeeding Strategy sets ambitious goals. By 2022 it wants 40% of Australian…
6 Ways Businesses Can Be Accommodating to Employees Going Through a Difficult Time
It can be tough for employees to focus on work when they're going through a difficult time. They might be worried about their health, a sick family member, or simply…

Driving smarter: how car subscription models are redefining mobility and financial flexibility

The world of mobility is changing fast, and car ownership is no longer the default. Across Australia, professionals and businesses alike are seeki...

The Future of Wealth Technology

“You shouldn’t need a large account balance to experience real-time investing. Technology should make that kind of access universal.” For decades...

Thryv wins national accolade at 2025 Australian Service Excellence Awards

Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, announced that Greg Nicolle, G...

pay.com.au unveils first-of-its-kind FX rewards feature, becoming the most flexible rewards solution for Aussie businesses

pay.com.au, the end-to-end payments and rewards platform, today announced the launch of International Payments, Australia’s first foreign exchange...

Yellow Canary partners with Celery to bring pre-payroll assurance technology to Australia

Wage underpayment headlines continue to put pressure on employers of all sizes, revealing how costly payroll mistakes can be for small and medium bu...

Brennan Bolsters Leadership to Accelerate Next Growth Chapter

In a move to further embed cybersecurity at the heart of its business strategy and deliver sovereign secure-by-design solutions for its customers, A...