After S&P Global downgraded Russia’s credit rating to “junk” status, Russian bonds collapsed with investors bracing themselves for the possibility that the latest round of western sanctions on Russia could push Moscow to default on its debt for the first time since 1998.

Coles and Dan Murphy’s have joined a boycott of Russian vodka as liquor retailers across Melbourne ditch the drink in a show of solidarity for Ukraine.

One in three women experience online abuse in their working lives and it can have devastating consequences for their careers, according to research commissioned by Australia’s eSafety Commissioner.

James Packer’s Crown Resorts faces a blockbuster fine from the ­financial crimes watchdog, in a move that threatens to derail its $8.9bn takeover from US private equity giant Blackstone.

Suncorp says it is expecting losses from the floods roiling Queensland and NSW to cost it more than $75m, with insurers inundated with at least 15,000 claims as the damages bill grows


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