The Latest Breaking News from Mick Keogh

German discounter Aldi believes grocery competition is stronger in markets that aren't dominated by two major players, like Australia's duopoly.

It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action against the big supermarkets over alleged misleading pricing claims.

The deputy chair of the consumer watchdog says the body will examine information on possible supermarket price gouging as part of a new inquiry.

Higher international fuel prices driven by oil production cuts and strong demand, combined with a lower US dollar exchange rate, are pushing up petrol prices.

There are concerns that a Coles plan to buy two milk processing plants will give the supermarket giant greater power and bargaining influence on the market.

Ninety-four per cent of all new quad bikes sold in Australia comply with increased safety standards, Australia's consumer watchdog says.

Farmers are being targeted by scammers claiming to be selling second-hand tractors online. The machinery doesn't exist, but the Australian Business Number is real.

The watchdog says "ruthless" con artists have led to hundreds of reports of fraudulent sales being made this year.

Lactalis Australia is the first milk processor in the country found to have breached the Dairy Code of Conduct since it was introduced in 2020.