ABC Business Daily

More rate rises. A possible recession. And fresh pressure on households and business. So how is one of Australia’s biggest banks preparing for what comes next? Anthony Miller took over Westpac after a bruising era for the bank, following a two-decade investment banking career with major institutions including Goldman Sachs and Deutsche Bank. He joins Alan Kohler on That's Business to talk mortgage...

As the global energy crisis drags on, the Australian government has urged the nation to stay calm and carry on, with some extra financial relief coming our way. But the economic landscape remains worrying: inflation running hotter than desired, unemployment on the rise, and growth hard to come by. So, is Australia heading toward the dreaded 'R word' - "recession" - if this war continues? Or, could...

US markets have surged, hanging big hopes on Donald Trump’s intimations that the war in Iran might be ending soon. But mission accomplished may not mean oil is flowing through the strait of Hormuz. Meanwhile here in Australia, the RBA says it’s got a plan to lower costs for consumers, moving to rid the country of sneaky card surcharges. And on the heels of the Treasurer's announcement this morning...

With Brent Crude on track to end the month with its highest price rise in history, the Australian government is promising cost of living relief to motorists.  But will its slashing of the fuel tax make a significant dent in your expenses? And will the pressure of higher oil costs in the US force Donald Trump to end this war? Carrington Clarke and ABC Chief Business Correspondent Ian Verrender brea...

The pre-Easter rush brought a flood of properties up for sale over the past weekend.  But buyers, aren’t biting - at least not with the same hunger as they were. The latest data shows auction clearance rates are in fact slumping.  So has there been a dramatic shift in the balance of power between sellers and buyers? And what does it mean for the price of property? Carrington Clarke and ABC Busines...

Oil prices are jumping. The budget is getting closer. And the global economy just got a whole lot messier. With conflict rattling energy markets and uncertainty building ahead of the next federal budget, big questions are hanging over Australia’s economic outlook. What does a major oil and gas shock mean for inflation, energy security, and the budget bottom line? And is the Treasurer himself using...

Is big tech having its big tobacco moment? Overnight, a US jury found tech giants Meta and Google liable for addictive features that led to a young user’s mental health distress.  That followed a separate judgement, finding that Meta violated consumer protection law by concealing what it knew about child exploitation on its platforms.  The big tech companies disagree.  In this episode, we dig into...

It was the ultimatum...that wasn’t. Donald Trump has backed down from his 48-hour deadline for Iran to open the Strait of Hormuz, claiming that a deal is in progress. But questions remain, including how the energy market tumult is affecting China, which takes in the lion’s share of Iran’s oil exports.  So is the United States using the ongoing conflict as leverage against China? Or has China’s inv...

It's been more than three weeks since initial strikes on Iran by Israel and the US started a war - and world energy markets are in turmoil.   The Strait of Hormuz remains effectively closed. Oil prices have surged - and Australians are paying more at the petrol pump as a result. An ultimatum has been issued, and the world may be on the edge of another dangerous escalation. So how vulnerable is the...

Your new go-to for business news and analysis is here. ABC Business Daily is your guide to the stories moving markets, shaping industries, and affecting the Australian economy. From Monday to Thursday, Carrington Clarke unpacks the biggest business news with the ABC’s leading reporters - breaking down what happened, why it matters, what it might mean to you, and what comes next. On Fridays, That’s...