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...

Why doing “more” at work isn’t working and what we actually need instead, according to Australia's newest leadership book
If you’re exhausted by work but can’t quite explain why, you’re not imagining it. You’re probably not working less than yo…
How cutting the capital gains tax discount could help rebalance the housing market
Capital gains tax is once again the subject of parliamentary debate, with Treasurer Jim Chalmers declining to rule out option…
Rebuilding after a disaster is a long road. Lismore’s businesses offer hope for others
“Right – flood’s on. Get ready.” That’s what Jody Cheetham has told her staff the last two time…
AI isn’t likely to wipe out all farming jobs – but it is changing who bears the risks
Herney/PixabayThe global economy is bracing for major job disruption as artificial intelligence (AI) advances and spreads acr…
Is federal government spending really to blame for higher inflation? It’s not clear cut
There has been a spate of articles and commentary in recent days calling on the Australian government to reduce spending. Tho…
What our teeth reveal about the growing gap between rich and poor
Pavel Danilyuk/Pexels, CC BYTeeth are one of the most visible markers of poverty: structural circumstances that are individua…

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…

The world’s economic crisis-fighting mechanisms are dangerously inadequate
It was only in January that the International Monetary Fund (IMF) was celebrating the strength of the global economy, heralding “the broadest synchronised global growth upsurge since 2010”. How quickly…
Half a century on, it's time to reassess the Whitlam government's economic legacy
National Archives of Australia/Wikimedia Commons, CC BY-SAAfter leading the Australian Labor Party to its first federal election victory in 23 years, Gough Whitlam wasted no time.The Tuesday after his election…
What is competition, and why is it so important for prices?
Yanz Island/ShutterstockThis article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.It’s hard to remember a time before…

UNSW launches plan to help Aussie startups scale overseas

UNSW Launches Global Innovation Foundry to Scale 100 Australian Startups Internationally New initiative provides startups and spinouts with direc...

Payroll Under Pressure: Why Mid-Sized SMEs Struggle to Keep Pay Accurate

A year after wage theft reforms came into effect, Australian businesses have increased their focus on payroll compliance, but confidence in pay accu...

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 ...

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

Why doing “more” at work isn’t working and what we actually need instead, according to Australia's newest leadership book

How cutting the capital gains tax discount could help rebalance the housing market

Rebuilding after a disaster is a long road. Lismore’s businesses offer hope for others

AI isn’t likely to wipe out all farming jobs – but it is changing who bears the risks

Is federal government spending really to blame for higher inflation? It’s not clear cut

What our teeth reveal about the growing gap between rich and poor

Traditions of Rural Bali at Villa Sabana

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

The world’s economic crisis-fighting mechanisms are dangerously inadequate

Half a century on, it's time to reassess the Whitlam government's economic legacy

What is competition, and why is it so important for prices?

UNSW launches plan to help Aussie startups scale overseas

Payroll Under Pressure: Why Mid-Sized SMEs Struggle to Keep Pay Accurate

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

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