Qantas cuts flights, Westpac braces for pain as oil shock hits home

Wednesday 15 April 2026

Qantas and Westpac are among a growing number of businesses warning that earnings will be hurt by the war in the Middle East. 

• The Hollywood A-list crowd come out against a merger of Paramount and Warner Bros Discovery
• The Reserve Bank deputy governor says local interest rates are likely to need to rise to contain inflation 
• The federal Coalition’s immigration policy includes shades of Trumpism 
• Business and consumer sentiment tumble

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