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President Donald Trump speaks at a rally as the House of Representatives voted to impeach him.

Trump rallies his base as house votes to impeach

As President Donald Trump took to the stage in Battle Creek, Michigan and began speaking, the House began voting to impeach him.

Graham Burke, chief executive of Village Roadshow.

PEP spells end of bitter family feud at Village Roadshow

Associates of PEP have also taken out a combined stake of 19pc in Village Roadshow via a purchase from the company's largest shareholder, Village Roadshow Corporation.

Chinese Ambassador to Australia Cheng Jingye

China says it's driving Australia's budget surplus

China's ambassador to Australia has held a rare press conference, taking credit for the return to surplus and calling for improved relations with Australia in 2020.

House impeaches Trump after bitter partisan debate

Donald Trump has become only the third President in US history to be impeached for high crimes and misdemeanours in a historic vote that has split the nation.

Inside Afterpay's US options mystery

There's still a lot of confusion in the market about exactly how Afterpay’s equity share scheme in the United States works.

ASX dips; Macquarie bullish on Afterpay

Australian shares are trading lower; Village Roadshow receives takeover offer; Macquarie initiates on Afterpay; jobless rate falls to 5.2pc.

Westpac appoints executive recruiter for CEO search

A minor piece of the puzzle about who will be Westpac's next chief executive has fallen into place.

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Companies

An artist's impression of the metro train station being built at Waterloo.

Mirvac wins mega-Sydney metro deal

Mirvac and joint-venture partner John Holland have won a $299 million tender to build an over-station metro development in Sydney's inner south that will be worth $800 million when completed.

APRA chairman Wayne Byres:  APRA seeks to uphold standards of governance and accountability consistent with what it expects of those it regulates.

APRA and ASIC: We will be just as accountable as bank execs

The financial services regulators have published detailed "accountability maps" of who is responsible for what in an effort to improve transparency.

Westpac must set aside $500 million more  in capital because of its money laundering scandal.

Westpac hit with $9m penalty for poor financial advice

Westpac has lost yet another showdown with the corporate regulator, penalised more than $9 million and found liable for inappropriate financial advice.

The TWU are striking at airports over pay and safety demands in an increasingly bitter fight with Jetstar.

Jetstar strikes on hold until new year

While not providing a firm date for when further action will be considered, the union's decision will come as welcome news to the Qantas Airways subsidiary and travellers.

Stokes puts stake in the ground in Prime battle

Seven West Media is upping the ante in the battle for Prime, with the Kerry Stokes-controlled broadcaster expected to take a significant stake in its regional affiliate following a failed merger vote.

Car giants try to swerve Kodak moment

The $73 billion merger between automotive giants Fiat Chrysler and France’s PSA Group is an attempt to get in front of industry trends that could kill them.

NAB boss warns of banker exodus

NAB boss Ross McEwan says employees who rip off customers should fear him but warns overzealous regulators may scare employees away from the industry forever.

Markets

PEP in talks to acquire Village for $1 billion

Homegrown private equity firm Pacific Equity Partners is in talks to acquire diversified entertainment business Village Roadshow in a deal worth as much as $1 billion.

The under-construction Crown resort at Sydney's Barangaroo has added to the RLB crane index

How the RBA and WeWork drove real estate in 2019

The past 12 months have provided a masterclass in the importance of interest rates – and the availability of cash – in the life of real estate.

Corporate Travel Management's Jamie Pherous is under pressure after allegations made by hedge fund VGI.

Corporate Travel CFO sells his shares

When it comes to Corporate Travel, we're following the money...

Iron ore leads record $281b mining exports

Resource and energy export earnings are forecast to reach a record $281 billion this financial year, which could have repercussions for government surpluses.

ASX 200 cracks 30pc female directors target

The ASX 200 has finally achieved having 30 per cent women on boards, but there's more work to be done.

Opinion

Trump is getting the one kind of accountability he fears

Though any president would be upset by impeachment, Trump's distress reflects his particular personality and priorities.

Paul Waldman

Contributor

PM's vacation leaves egg on minders' faces

Ordering the media not to report that the Prime Minister has taken leave has backfired badly.

The AFR View

Editorial

The AFR View

Do impeachers want to win an argument or election?

Two generations of Democrats have fought many of their biggest battles in courtrooms. They've forgotten how potent a landslide can be.

David Von Drehle

Contributor

Budget surplus ignores Australia’s ageing demographics

Surpluses may be as rare as hen’s teeth In the decades ahead unless we do something about the fiscal challenges set out in the next Intergenerational Report.

Europe's green deal is the protectionism of the 21st century

The best way for Australia to manage the risk of carbon border taxes is by reducing our emissions intensity.

Matthew Warren

Contributor

Matthew Warren

Whose ethics make an investment 'ethical'?

Here's an alternative to ESG principles: invest in businesses that offer the best returns, and use the proceeds to help make a difference based on your own values.

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Politics

Larry Grossman in his Washington DC corner office.

Lynton Crosby lobby shop quietly ramps up for Trump

Propelled by stunning political wins for Scott Morrison and Boris Johnson this year, Sir Lynton Crosby's US office has been quietly ramping up its operations ahead of the blockbuster 2020 presidential campaign.

Volunteer firefighters in the Bilpin fire brigade, who have been working 12-hour shifts, are facing exhaustion.

Volunteer firefighters plead for tax breaks

Exhausted firefighters are pleading for tax adjustments to help them shoulder lost income and mounting bills.

 Treasurer Ben Wyatt says WA now expects a more rapid return to the long-term average iron ore price of $US64 a tonne.

WA budget's $1b iron ore bonus, but Treasurer tips big fall in price

The state that is home to BHP, Rio Tinto and Fortescue Metals Group iron ore operations warns of sharp pricing shock.

Labor's income tax call fiscally irresponsible: Cormann

The government has effectively accused Labor of wanting to blow the budget by insisting it bring forward the second round of tax cuts.

Special access business visa investment thresholds face overhaul

Rules for special visas made available to large investors in the Australian economy could be changed as part of a review.

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World

JPMorgan Chase is ­preparing to pay big penalties over ­rigging allegations.

JPMorgan cleared for majority-owned securities venture in China

JPMorgan Securities (China) has been licensed to conduct business including brokerage, investment advisory underwriting and sponsorship.

Nancy Pelosi, speaker of the House of Representatives, has been unwielding in her confrontation with President Donald Trump.

Nancy Pelosi's high-stakes game

Donald Trump might become only the third American president to be impeached, but the political stakes are arguably higher for the Speaker of the House.

'We don’t have the luxury of the slow march back' ... former Labour PM Tony Blair.

Britain's Labour Party kicks off existential leadership struggle

Contenders are weighing up whether to join the race, which will decide either to resuscitate or bury Jeremy Corbyn's hard-left agenda.

Can Bloomberg's $79b help him win over Democrats?

The former New York mayor has switched parties three times, but he is hoping his record and money will win him the Democratic presidential nomination.

Can car makers accelerate electric transition?

New EU emissions standards aim to wean consumers off larger, petrol-fuelled cars but drivers aren't listening and car companies are being squeezed, writes Peter Campbell.

Property

 St Kilda in Melbourne.  Overall, the city's Melbourne's top end market jumped by 8.1 per cent.

St Kilda the country's best performing residential market

Melbourne's inner suburb St Kilda races to the top of the country's best performers for 2019, while Darwin continues to weaken.

Opal Tower

One year on, Opal Tower still a construction zone

Builder Icon says all residents have returned to Opal Tower but there was still a lot of scaffolding at the building.

Housing shortage looms after lag in construction: ANZ

This time around the response in building approvals to the most recent series of rate cuts has been relatively muted.

Chasing yield: Lascorp snaps up three supermarkets from Charter Hall

The three deals bring to seven the number of freestanding Victorian supermarkets to change hands since October as investors chase higher yields.

Back to front: Darling Square buyers sue over car spaces

Penthouse buyers got back and front car spaces, not side by side.

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Wealth

Investors may look past Clinton v Trump and focus on the massive deal-making binge under way in the US.

No, US shares haven't gone up thanks to cheap money

The narrative is wrong – the American market has risen because of good old-fashioned earnings growth.

Apartment guide to Christmas, NYE celebrations

Without being a party pooper, there are some precautions you should put in place to ensure a good (and safe) time is had by all.

Plutus tax fraud 'lackey' pleads guilty to money laundering

Bricklayer Aaron Paul said he served as a "butler" for Adam Cranston, who has been accused of organising one of the country's largest tax frauds.

Technology

Kent Walker's note on changes to employee access triggered the latest battle between Google's management and disgruntled employees.

Google's employee rebellion flares amid transparency row

A move by Google's top lawyer to curb employee access to internal documents has kicked off the latest chapter in an internal conflict that has been going on for almost two years.

Staying connected

Apple, Google, Amazon want one language for smart devices

The three rivals want internet-connected homes to be easier and safer, but the move could raise privacy and security questions.

Senator Andrew Bragg will oversee a review of Australia's fintech and regtech sectors.

'Four pillars' requires banks to invest to fend off tech threat

The government is monitoring the risk of more banking solutions being provided by global tech firms, Senator Andrew Bragg will say on Thursday.

Work & Careers

A sign at the restrooms of the DP&C offices in Canberra

Australia, global laggard on gender gap, and going backwards

The only good news is that Australia is number one for closing the education gap between men and women.

Female 60 Minutes producer sues CBS after complaint

A lawsuit claims the woman was stripped of assignments after complaining about a senior program producer who sent her an inappropriate photo.

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Life & Luxury

Chewbacca, B-O, C-3PO, Rey (Daisy Ridley), Poe (Oscar Isaac) and Finn (John Boyega) will be back for Star Wars: Episode IX, The Rise of Skywalker – the final film of the Skywalker saga.

The force is not strong with this one

The ninth instalment in the Star Wars franchise is spectacular but uninspired, according to critics.

Sleeping underwater at Conrad Maldives is a unique experience now sought by luxury travellers.

Welcome to the age of undersea hotels

As our appetite for leisure travel boomed this decade, high-end travel operators got truly adventurous.

The $9999 Pro Display XDR.

The Mac Pro's $9999 screen needs a cloth you get from Apple

The version of Apple’s Pro Display XDR that comes with nano-texture glass requires a special cloth provided by Apple to clean it, says its product support page.

Travellers will be able to drink craft beers made inside Melbourne Airport when Stomping Ground's brewery opens in early 2020.

Melbourne Airport gets crafty with new brewery

Hops will fly when Australia's first airport brewery opens in Melbourne in early 2020.

Anchovies with fig leaf oil.

The best restaurant dishes of 2019

This food editor found a lot to love in 2019, whether it was hand-pulled noodles in Vegas, an epic burger in Brooklyn, or the grandest of chickens in Paris.

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