Fuel

Australians bought EVs and hybrids at nearly same rate as petrol cars between April and June, Australian Automobile Association data showsGet our breaking news email, free app or daily news podcastAustralians are now buying electric and hybrid vehicles at the same rate as traditional petrol-powered cars, according to new data that shows EV sales doubled in the months after the peak of the fuel price spike.Fuel prices are again on track to top $2 a litre, after the federal government’s fuel excise reductions – introduced to offset the impact of the ongoing crisis in the Middle East – came to an end on Sunday. Continue reading...

Increase in annual pay packets began from August 1. Follow updatesThe deputy leader of the opposition, Jane Hume, will appear on ABC’s Insiders after 9.Petrol prices set to rise as fuel excise relief endsObviously we always monitor the situation and take steps as necessary, but our policy decision is clear. Continue reading...

• European markets rose midday Thursday as a surge in technology stocks fueled investor risk appetite. • The trend follows Wednesday's Federal Reserve decision, with short-term yields dropping to support tech valuations and weaken the U.S. dollar. • SPI Asset Management analyst Stephen Innes noted that while markets believe tightening may be delayed, there is lingering skepticism regarding the Fed's control over inflation expectations.

Petrol now costs more than $1.90 a litre in every capital city, with diesel expected to exceed $2.40 a litrePetrol prices could surpass $2 a litre and diesel $2.40 in coming days, after the government’s 16-cent discount ends on Sunday.The 32-cent per litre reduction in fuel excise, introduced in March at the peak of the fuel price spike, was halved to 16 cents in July. Continue reading...

• Asia-Pacific stocks rose for a second consecutive day, driven largely by a recovery in South Korean markets fueled by semiconductor giants SK Hynix and Samsung. • The Japanese yen surged abruptly while the US dollar declined following the Federal Reserve's decision to keep interest rates unchanged. • Long-term Treasury yields reached new multi-year highs as investors reacted to the Fed's steady rates amidst persistent inflation.

Boom in solar farms and home installations in first half of 2026 began shortly after start of US-Israel war against IranGreat Britain has recorded more new solar power installations in the first half of this year than in any six-month period since 2011, as households turn to rooftop panels to help cut their energy bills.An analysis of the government’s official figures shows that Great Britain added 142,536 solar installations in the first six months of the year, putting it on track to top last year’s record solar additions. Continue reading...

• South Korea's Kospi index plummeted over 11% on Wednesday, marking a significant 43% drop from its June peak of 9,386 to 5,311.77. • The crash was driven by intense selling pressure on heavyweight chipmakers Samsung Electronics and SK Hynix, despite both companies reporting strong earnings. • Capitalmind CEO suggests that the volatility was fueled by speculative trading, specifically citing 3x leveraged single stock ETFs as "pure gambling."