Australian businesses have lost $2.8 million to scammers in 2018 as hackers target business emails in a new scam, prompting the competition watchdog, the ACCC, to issue a call to businesses to urgently review how they verify and pay accounts and invoices.

Australia’s competition watchdog, the ACCC, is to undertake a new inquiry into the supply of electricity in the national electricity market, with a focus on the prices consumers — both business and households — are paying for electricity and the underlying factors for any significant price movements.

Australia’s competition watchdog, the ACCC, is not opposing the proposed acquisition of Racing Internet Services (Racenet) by Punters Paradise, a subsidiary of News Corp Australia Investments.