August 15, 2026

Business

Telstra shares hit February low following network outage

The Australian sharemarket opened sharply lower as renewed hostilities in the Middle East rattled investors, before recovering most of its losses by the close. Energy stocks surged on a jump in oil prices, while Telstra slid after a network outage sent its shares to their lowest level since February. SBS Finance Editor Ricardo Gonçalves speaks…

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Airspace Alert: EU Agency Issues Caution Over Middle Eastern Skies

Airspace Alert: EU Agency Issues Caution Over Middle Eastern Skies

The European Union Aviation Safety Agency has advised airlines to avoid Iranian, Iraqi, and Lebanese airspace amid rising tensions and potential military actions following recent U.S.-Iran exchanges. This advisory replaces a previous one that included other Middle Eastern countries, highlighting the fragile U.S.-Iran ceasefire.

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Airspace closures - How severely is Indian aviation being affected

Airspace closures – How severely is Indian aviation being affected

The current airspace environment is forcing a rethink that goes beyond flight planning desks. It touches fleet composition, route selection, scheduling, crew rostering and ultimately the pace at which India’s airlines can profitably expand their long-haul international footprint, writes aviation expert and Managing Partner of aviation services firm AT-TV, Satyendra Pandey.

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IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lifts crude prices

IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lifts crude prices

Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until…

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