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...

The World Trade Organization is on life support. Will Trump’s new rules finish it off?
Chip Somodevilla/Getty ImagesThe United States has now withdrawn from 66 international organisations, conventions and treatie…
Why Iran can’t afford to shut down the internet forever – even if the world doesn’t act
As citizens around the world prepared to welcome the new year, Iranians began taking to the streets to protest their country…
Why the world’s central bankers had to speak up against Trump’s attacks on the Fed
Central bankers from around the world have issued a joint statement of support for US Federal Reserve Chair Jerome Powell, as…
Trump wants to cap credit card interest to 10% for a year. Should Australia consider it?
US President Donald Trump has called for a one year cap on credit card interest rate charges at 10% – around half of th…
As we begin to assess the fire damage in Victoria, we must not overlook these hidden costs
Devastated by widespread fires, Victoria has declared a state of disaster. More than 500 structures have reportedly been dest…
NZ’s low productivity is often blamed on businesses staying small. That could be a strength in 2026
Getty ImagesFor decades, we have heard a familiar story about why New Zealand’s firms choose to stay small. Business ow…

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…

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property
In the dynamic world of real estate, commercial properties hold a pivotal position. They represent not only a significant financial asset but also a crucial business investment. When contemplating the…

3 Ways To Get More Business From Traveling Retirees
If you work in the tourism industry, you’ve likely taken a huge hit in the last year. However, with vaccines being distributed around the world and people being more willing…
Benefits Of HECM Loans
A reverse mortgage may be an option for seniors aged 62 or older who own their home, are searching for a way to increase their income and/or quality of life…
Top Features of the Best Bank Account for Maximum Savings
A bank account is an essential tool that allows you to manage your money. By opening a bank account, you can deposit and withdraw money from your account, make payments…

Refunds to Revenue: AI and loyalty perks help retailers in post-holiday hangover

Australian retailers are turning to artificial intelligence to simplify and automate returns and exchanges, while strengthening loyalty programs a...

Stop reading from the script: Why authenticity is the customer success secret weapon

I’ve been in customer service for years now. As my team has grown, the number one piece of advice I give is to be your...

From Check-in to Touchdown: How AI and smarter systems are transforming the travel industry

Richard Valente, VP of Customer Experience Strategy at TP in Australia, explores how IT-BPM outsourcing is revolutionising the travel sector throu...

Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

Online shoppers with HealthPost’s Flora & Fauna have made 11,000 contributions towards climate and biodiversity projects when ordering parcel ...

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

Aussie SMEs warn RBA not to ignore global trends, with the current sledgehammer approach threatening business viability and increasing inflation ...

Thryv Australia named Employer of Choice for third consecutive year at Australian Business Awards

Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, has been awarded the Employer of ...

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

The World Trade Organization is on life support. Will Trump’s new rules finish it off?

Why Iran can’t afford to shut down the internet forever – even if the world doesn’t act

Why the world’s central bankers had to speak up against Trump’s attacks on the Fed

Trump wants to cap credit card interest to 10% for a year. Should Australia consider it?

As we begin to assess the fire damage in Victoria, we must not overlook these hidden costs

NZ’s low productivity is often blamed on businesses staying small. That could be a strength in 2026

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

3 Ways To Get More Business From Traveling Retirees

Benefits Of HECM Loans

Top Features of the Best Bank Account for Maximum Savings

Refunds to Revenue: AI and loyalty perks help retailers in post-holiday hangover

Stop reading from the script: Why authenticity is the customer success secret weapon

From Check-in to Touchdown: How AI and smarter systems are transforming the travel industry

Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

Thryv Australia named Employer of Choice for third consecutive year at Australian Business Awards

How Contiki is Redefining Travel for Young Adventurers

Navigating the Cosmetic Advertising Crackdown Before September Guidelines Hit

Defining Actionable AI for Australian IT Efficiency and Security