Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: The Australian sharemarket closed slightly higher on Tuesday, the S&P/ASX 200 finished up 13.5 points, or 0.2 per cent, at 8379.40. The Australian dollar was trading at US70.12¢ by mid-afternoon AEDT..... [more]

  • U.S. Market Report: Wall ​Street's main indexes were mixed in choppy trading on Tuesday as investors assessed the prospect of easing Middle East tensions, a ‌day after President Donald Trump postponed strikes on Iranian power plants.... [more]

  • European Market Report: European stocks struggled for direction on Tuesday as uncertainty lingered despite U.S. President Donald Trump's decision to postpone potential strikes on Iran's energy infrastructure for five days..... [more]

  • Asian Market Report: Asian stocks followed Wall Street higher on Tuesday after U.S. President Donald Trump postponed strikes against Iran's power plants for five days, citing what he said were "productive conversations" with Tehran to end the war..... [more]

Australian Business News

  • Treasurer Jim Chalmers has conceded the Iran war will make Australia’s inflation challenge worse, and could be as damaging to the economy as the pandemic and the 2008 global financial crisis..... [more]

  • Aussie households are bracing for a triple cost of living blow - which could cost anywhere from $159 to $318 a month - from Friday that could leave thousands “breaking at the seams”..... [more]

  • The effects of rising fuel prices and concerns about ongoing supply are being felt across the Tasmanian economy. Tourism businesses are reporting cancellations as costs go up, and some tourists are choosing to avoid travelling.... [more]

  • The number of homes without adequate insurance could rise by 1 million by 2050 because climate change threatens to force higher insurance premiums and make cover unaffordable for more households,.... [more]

  • 10-20% reduction in platform super options predicted.... [more]

  • Can systematic investing outperform? Macquarie is betting on it. MQEG brings quantitative investing to the ASX, targeting benchmark-beating returns on global equities..... [more]

  • AI lands a blow on some Aussie stocks – yet stands to benefit others. You’d be hard pressed not to come across AI doomsday pieces in the media recently. From dystopian forecasts on AI’s economic impacts to AI leaders announcing.... [more]

  • 7 ETFs Aussie investors are leaning into right now. As markets shift rapidly, Australian investors are embracing ETFs to diversify, enhance returns and manage risk..... [more]

  • Auric Mining has finalised its maiden Munda starter pit campaign with a golden gleam, banking a mint from its bullion sales and confirming the deposit may be bigger and higher grade than first modelled..... [more]

  • Advance Metals appears to be rapidly turning its Happy Valley project in Victoria into a system-scale gold story, with maiden regional drilling at the Queen of the Hills prospect confirming that high-grade mineralisation extends.... [more]

  • Kalamazoo Resources has started hammering away at a 14,000-metre infill drilling program at its Ashburton gold project as the company seeks to upgrade its million-ounce Mt Olympus resource into a higher-confidence category..... [more]

  • Podium Minerals (ASX:POD) has released its maiden mineral resource estimate (MRE) for the Range Well nickel project in Western Australia..... [more]

  • Despite only listing on the ASX in mid-2022, MetalsGrove Mining has quickly reshaped itself into a focused West African gold explorer with a sizeable footprint in one of the continent’s most fertile geological neighbourhoods..... [more]

  • Cheaper goods to flow under ‘hard yakka’ EU trade deal. Australian shoppers will get access to cheaper European food, wine, cars and clothes under a long-awaited trade deal, but furious meat farmers say they’ve been dudded.... [more]

  • Guzman y Gomez Shares Hit All Time Low As Selling Continues.... [more]

  • David Jones accused of squeezing suppliers as losses mount.... [more]

  • Qantas has announced Jetstar will cut some of its critical New Zealand flights, citing a rise in the cost of jet fuel. In a statement, a Jetstar New Zealand spokeswoman said “temporary changes” had been made.... [more]

  • Recce Pharmaceuticals has strengthened its global intellectual property position by securing a key patent in Brazil, marking another step in commercialising its synthetic anti-infective platform..... [more]

  • Comment - Samantha Menzies: AI may look like a bubble. But what about Block shares? Here's what to expect from this AI-driven tech stock next..... [more]

  • Opinion - Stephen Bartholomeusz: The war may be over soon, but its damage will stay with us for years to come.... [more]

  • Comment - Lurion De Mello: Australia has plenty of diesel for now. But running out could upend our economy. It’s been hard to ignore growing fears of a looming fuel shortage in Australia. Conflict in the Middle East has led to.... [more]

  • Opinion - David Llewellyn-Smith: Australian economic expert sounds alarm over looming recession as RBA hikes rates. An Aussie expert has warned of a looming recession.... [more]

World Business News

  • The Iran war is already taking a toll on major economies around the world, according to business surveys on Tuesday which showed how a ​surge in energy prices and rising uncertainty were dampening activity and pushing inflation.... [more]

  • Oil Prices Rise a Day After 10% Plunge.... [more]

  • U.S. business activity slowed to an 11-month low in March as the war in the Middle ​East raised prices for energy products and other inputs, a survey showed on Tuesday, reinforcing fears of an ‌acceleration in inflation.... [more]

  • Macquarie sees iron ore margin shifts amid fuel cost surge.... [more]

  • 'Bond King' Jeff Gundlach says watch this level in the market's fear gauge for a signal it's time to buy the dip in stocks.... [more]

  • OpenAI on Tuesday announced key leadership appointments for its nonprofit arm and committed ​to investing at least $1 billion through the division over ‌the next year in AI-related projects following a major restructuring.... [more]

  • Microsoft and Nvidia team up on AI nuclear push.... [more]

  • Analysts at William Blair reexamined their framework for rating AI stocks after the bout of disruption fears upended the market earlier this year AI hype morphed into AI fear, fueling a massive sell-off in exposed names..... [more]

  • Apple (AAPL.O), on Tuesday said it plans to introduce paid ads to its ‌maps service in the U.S. and Canada this summer, marking its entry into a business long dominated by Alphabet's (GOOGL.O), Google..... [more]

  • Gap is partnering with Google’s Gemini to allow shoppers to check out directly within the AI platform, making it the first major fashion company to work directly with the tech company to fuel agentic commerce,.... [more]

  • Epic Games will cut more than 1,000 jobs following a drop in engagement for "Fortnite", the latest layoffs in the video game ​industry where growth has stalled due to economic uncertainty..... [more]

  • FDA flags misleading claims for cancer drug by biotech billionaire Patrick Soon-Shiong.... [more]

  • Shares in Puig (PUIGb.MC), owner of fragrance brands including Jean Paul Gaultier ​and Rabanne, surged 13% on Tuesday after the Spanish firm and U.S. cosmetics giant Estee Lauder (EL.N), said they were exploring a merger .... [more]

  • A lawsuit accusing Meta of failing to warn users about the dangers of its platforms is now in the hands of a New Mexico jury..... [more]

  • The Trump administration has banned imports of new, foreign-made routers citing supply chain vulnerability and cybersecurity risks. The newest addition to the U.S. “covered list” targets consumer-grade routers,.... [more]

  • Barclays raised its 2026 year-end S&P 500 target on Tuesday, betting that strong corporate earnings led by ​the technology sector and resilient economic growth will outweigh rising ‌macro risks, including war in the Middle East,.... [more]

  • Tesla finally catches a break in Europe.... [more]

  • The head of the UK’s national green energy champion has joined other high-profile renewable energy leaders in making the case for more North Sea oil and gas production as the government braces for an energy cost crisis..... [more]

  • UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992.... [more]

  • Norway's $2.1 trillion sovereign wealth fund, the world's ​largest, will eventually allow some investment decisions to be made by AI systems under human supervision, ‌but not yet, as the tools still make errors, fund officials said on Tuesday..... [more]

  • Volkswagen is in discussions with Israel’s Rafael Advanced Defence Systems regarding a deal that would convert one of the German automaker’s factories from car manufacturing to missile defence production.... [more]

  • The French economy is set to maintain moderate growth in ‌the first half of the year as higher inflation linked to the war in Iran weighs on activity, the national statistics office INSEE said on Tuesday, trimming its forecasts..... [more]

  • China has dialled back on planned fuel price hikes in a bid to "reduce the burden" on drivers, as energy costs surge amid the Iran war. The local price of petrol has jumped by about 20% since the start of the conflict.... [more]

  • Iran’s Hormuz pain is China’s yuan gain. Iran is simultaneously strangling global oil supply, accelerating petrodollar’s decline and boosting China’s currency ambitions.... [more]

  • China’s WeRide eyes Hong Kong, Singapore roads for robotaxis as self-driving giants expand. Company plans to put self-driving taxis and buses on Hong Kong streets this year, while Singapore service starts April 1 through Grab.... [more]

  • Philippine president declares national energy emergency to respond to impact of Middle East war.... [more]

  • Crude oil exports from Saudi Arabia's Red Sea Yanbu port rose to nearly 4 million barrels per day last week, a sharp increase from export levels before the Iran war broke out, shipping data shows..... [more]

  • Namibia has rejected an application by Elon Musk-owned Starlink for a licence to provide satellite internet services in the country, dealing the company a second setback in southern Africa. The Communications Regulatory Authority.... [more]

  • The Indian rupee paused a three-day run of hitting record lows to nudge higher on Tuesday as traders ​parsed dissonant signals emanating from Washington and Tehran about a potential resolution to ‌the conflict in the Middle East..... [more]