Australia’s rapid-fire interest-rate increases are sending tremors through the nation’s heavily indebted households and threatening a property downturn on a scale unseen since the eve of the 1991 recession.

News Corp co-chairman Lachlan Murdoch has filed defamation proceedings against Crikey, a day after the online news outlet went ballistic and challenged the billionaire media mogul to sue it

The price of electric vehicles needs to roughly halve and fall into the $20,000s range before Australians will switch from traditional combustion engine cars, according to Ampol chief executive Matt Halliday.

Solar power has outpaced coal as the number one fuel source in the Australian power grid in August for the first time

The Transport Workers Union (TWU) has called on Qantas CEO, Alan Joyce to resign, after this airline’s apology fell on deaf ears.

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