**EMBARGO FIRST USE BOSS**no use before JULY 3 The AFR Boss Magazine. Pic shows CEO of the National Australia Bank ...

NAB chief executive faces $1m pay cut

NAB chairman Ken Henry has overhauled its senior executive remuneration framework, slicing the pay this year for chief executive Andrew Thorburn by 11 per cent.

ASX rises on banks, miners

Australia shares are on track to record their highest close in two weeks, pushed higher by the major banks and major mining stocks.

Energy companies lawyer up

Electricity suppliers are in early talks on potential external legal support should a royal commission into energy be called.

"Short term, business communities in China, US, Europe will all be in trouble," Jack Ma said.

Trade war could last 20 years, Ma warns

Alibaba Group co-founder Jack Ma cautioned China's business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think.

Opinion

Anton La Macchia found a needle in a punnet of strawberries he bought at a Woolworths Monday.

New laws to stop strawberry sabotage

The federal government will rush retrospective new criminal offences through Parliament this week to deal with the growing strawberry contamination problem.

DFAT lashes Trump's trade war

The nation's top diplomat has delivered the sharpest rebuke seen from an official of US President Donald Trump, accusing him of unsettling the international trading system.

The leadership upheaval has left the government ill-prepared to settle funding deals on public hospitals and schools.

Morrison cancels COAG meeting

Scott Morrison has cancelled a meeting early next month with state and territory leaders, in part because the leadership upheaval has left the government ill-prepared to settle funding deals.

Personal Finance

Sprawling big four raise independence fears

The array of consulting services offered by the big four accounting and consulting firms risks compromising their ability to provide independent advice, says an insolvency veteran.