Australia’s competition regulator has given Qantas Airways and Emirates final approval to form a five-year global alliance, with special conditions for flights across the Tasman Sea.

Australia’s competition watchdog has expressed concern at a bid by Rupert Murdoch’s cable television operation to buy out a rival, saying it would create “a near monopoly” of pay TV service in the country.

THE makers of the Power Balance bracelet worn by footballer David Beckham have admitted there is no evidence that the wildly popular wristbands boost sporting prowess.

British Airways and Qantas were fined by an Australian court today over a price-fixing cartel in the global air freight industry, a national competition watchdog said.

In a flurry of publicity gimmicks that have become his trademark, British entrepreneur Richard Branson launched the first Virgin Atlantic flights from London to Sydney today, vowing to break the hold British Airways and Qantas have on the long-distance route.

Qantas is confident a plan to link the airline with Air New Zealand will go ahead despite opposition to the plan from Australia's competition authority.

Australian telecommunications giant Telstra said it has no plan to lower its stake in pay TV operator Foxtel despite concerns by the competition regulator about its holding.

Australia’s competition watchdog today launched legal action against Qantas Airways, claiming the flag carrier slashed fares and increased seats on a domestic route to try to eliminate Sir Richard Branson’s Virgin Blue.

Australia's competition watchdog is to ask the country's major oil companies to explain why petrol prices soared on the eve of the Easter holiday - one of the busiest times of the year for motorists.

Vodafone is telling Australian regulators it will transfer some customers to a competitor as part of its bid to acquire Cable & Wireless Optus.

Virgin Blue, the Australian low budget airline set up by Sir Richard Branson, has lodged a complaint of unfair competition against Qantas Airways.