Australian markets are set to rise this morning, as oil falls on hopes of a diplomatic way out of the war in Iran. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Topic:Explainer
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Latest business news
Farmers struggle to source popular cattle feed as dry conditions bite
A by-product of the cotton harvest, cottonseed boosts protein and fibre in animal diets. But as graziers ramp up their drought preparations, dry conditions are causing a supply slowdown.
Topic:Cotton Growing
Fri 22 May 2026 at 9:29am
What is 'pink-slime' journalism and has it infiltrated Australian media?
Experts say a series of AI-generated digital news outlets is the first recorded example of "pink-slime" journalism in Australia, with the website owner claiming the now-deleted outlets were an experiment gone wrong.
Topic:AI
Fri 22 May 2026 at 8:29am
Cuba accepts offer of $140m in American aid, Rubio says
Tensions between the longtime Cold War rivals have hit a new low in recent days after the US indicted the country's 94-year-old former president Raúl Castro.
Topic:World Politics
Fri 22 May 2026 at 6:22am
Why consumers are forking out more for whiting, calamari and garfish
South Australia's peak seafood body says a short supply of some species due to the algal bloom and commercial fishing restrictions has led to slight price increases, as it warns it could take industry five to 10 years to fully recover.
Topic:Algal Blooms
Fri 22 May 2026 at 6:23am
Caravan repairers battling to stay afloat as travellers stay close to home
Normally at this time of year, RVs are hitting the road to head north and escape winter. But the ongoing fuel crisis is forcing travellers to stay closer to home, causing a serious economic downturn for many of the 2,500 businesses in the RV repair industry.
Topic:Tourism and Leisure Industry
Fri 22 May 2026 at 6:00am