Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine.
Investors have shunned cryptocurrencies such as bitcoin as tensions between Russia and Ukraine have escalated, and are instead seeking refuge in the more traditional safe haven of gold.
Australia is welcoming travellers as the country reopens its borders for the first time in nearly two years. However, a sudden recovery seems unlikely given the turbulent climate in the travel industry
Atlassian billionaire Mike Cannon-Brookes and his business partner Brookfield say they have set aside $20bn to transition AGL away from coal.
Australia has recorded its fastest annual wage growth since before the pandemic. The Bureau of Statistics says base pay grew 2.3%.
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