With the Strait of Hormuz still effectively closed, prices will likely stay high in the near term. But a weaker cartel could mean more competition in the future.
Melbourne Business School
Melbourne Business School is the University of Melbourne’s graduate school in business and economics, and 55% owned by the business community. It is one of the Asia Pacific region’s top MBA schools and home to Mt Eliza Executive Education, Australia’s No. 1 ranked provider for executive education.
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When applied to the right tasks, with appropriate human oversight, AI can enhance performance. Here are three simple steps to get the most out of the technology.
Many of the snowsports instructors we followed built fulfilling careers – albeit often for lower pay. But the move didn’t work out for everyone.
Research finds concerning numbers of workers are using public AI tools in inappropriate ways, undermining work quality and increasing risks.
Israel’s response to Iran’s escalation of the current Middle East conflict could cause oil prices to rise further in days to come.
AI is tireless, knows more about the big companies than we do, and will relentlessly pursue our interests.
The transition to net zero emissions is under grave threat if governments do not do more to address the potential unfairness of some climate policies.
The Israel-Hamas war has had little effect on the price of oil so far because neither Israel nor the Gaza Strip produces much oil. If oil exporters got involved, things might change.
Gifts that migrants bring back home deny recipient countries taxes and reinforce the belief that local items are inferior.
Lawmakers and courts in Ghana must strengthen protections for drivers of ride hailing companies
Réticence des consommateurs, absence de réglementation… De nombreux facteurs peuvent bloquer la formation des marchés, comme ce fut le cas pour les véhicules électriques.
Electric cars are hot, yet their global market penetration remains less than 0.5% of all vehicles. Research points the way to key questions to ask when building new markets.
Concerns that regulation could cement Facebook’s market position don’t account for the unique features of social media business models.
The economics of the money-back guarantee can work in retailers’ favour, in certain circumstances.
Building negotiating power is crucial for anyone looking to ask for a pay rise. But for those who can’t, perhaps it’s the employers’ responsibility to ensure fair compensation.
There is no precedent for Brexit, meaning the UK will probably be forced back to the WTO negotiating table before making any new trade deal.
Trade Minister Steven Ciobo told Q&A viewers that Australia has had 25 years of continuous economic growth, and is the only country in the world with a period of growth that long. Is that true?
Fears of deflation have prompted the Reserve Bank of Australia to act on the eve of the federal budget.
Deputy Prime Minister Barnaby Joyce said that when the Coalition lost government in 2007, Australia was owed billions by the world – but that when the Coalition regained power in 2013, Australia was in debt. Is that right?
Authors
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Associate Professor of Economics, Melbourne Business School
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Associate Professor, Melbourne Business School
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John Gough Professor in the Practice of International Trade, Melbourne Business School
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Adjunct Lecturer, Centre for Business Analytics, Melbourne Business School
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Assistant Professor of Econometrics & Statistics, Melbourne Business School
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Honorary Fellow, Melbourne Business School
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Professor of Management - Negotiations, Melbourne Business School
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Chair in Trust, Professor of Management, The University of Melbourne; Melbourne Business School
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Director, Centre for Ethical Leadership at Ormond College, and Professor, Melbourne Business School
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Principal Fellow, Melbourne Business School
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Associate Professor of Marketing, Melbourne Business School
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Postdoctoral Research Fellow, Melbourne Business School
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Associate Professor, Economics, Melbourne Business School
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Professor of Leadership and Director of Sustainable Value Creation, Melbourne Business School
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Director of Centre for Business Analytics, Professor of Operations Management, Melbourne Business School