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Prime Minister Scott Morrison has concedes errors have been made in handling the bushfire crisis.

PM to hold royal commission into bushfires

The Prime Minister will take a proposal for a bushfires royal commission to cabinet in coming weeks,

Aircraft parts from the wreckage of the crash near Tehran.

Rage in Ukraine and Iran after Tehran's admission on jet crash

The criticism of Iran over the crash of Ukraine International Airlines Flight 752 now threatens to eclipse whatever international sympathy Iran has garnered in its escalating confrontation with the Trump administration.

Chief investment officer at the top performing Aoris Fund Management, Stephen Arnold, can also take some credit for the long term returns at Evans and Partners International Fund

Global shares beat the pack again

There is no shortage of international fund managers offering their services to investors. But be careful because many fail to beat the index and in the year just ended a third had negative returns.

Businesses urged government to prepare for disaster. Then nothing

Six Australian businesses and NGOs joined forces to lobby governments for a more deliberate, nationwide approach to disaster resilience.

NSW and Victoria face mega blaze as bushfires merge

Firefighters are bracing for the creation of a mega blaze as horrific conditions were expected to see several bushfires merge in NSW and Victoria on Friday night.

APRA’s new secret bank rankings imminent

The prudential regulator’s revised ratings for risk of failure and need for supervision is close to being finalised.

How trains are helping Australia rethink cities

Australia needs to embrace mass transit and lower carbon emissions if our smoky big cities are to remain among the world's most liveable.

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Companies

Warren Hogan

Mammoth super funds should hold more capital: experts

Superannuation funds are becoming so mammoth that they should be subject to bank-like capital requirements, experts say.

Goldman Sachs has started drumming up buyer interest in AirTrunk which was founded by Robin Khuda.and makes $100 million in earnings.

Macquarie agrees to buy Airtrunk for $3 billion

Macquarie's infrastructure arm has agreed to purchase data centre operator AirTrunk, signing a deal earlier this week.

Introducing congestion charges in CBDs to reduce traffic could make it easier for cyclists and pedestrians to get around.

Transurban on congestion charge alert

Transurban has back up plans for some of its tollroads if Australian cities eventually charge motorists to drive into CBDs.

eamon gallagher

IOOF identifies 67 rogue advisers in its ranks

IOOF has classified 8.5 per cent of its financial adviser network as "higher risk" and responsible for the $223 million set aside for client remediation.

Fallen icon: Harris Scarfe's undoing

The seeds of the chain's demise lay in the ambitious expansion by previous owners and an imprudent decision to bring troubled UK chain Debenhams to Australia.

Kleenmaid director guilty of fraud and insolvent trading

A jury reached its verdict after a series of criminal trials involving the whitegoods outfit's $100m collapse.

Toyota, Madza, Sukuzi recall 18,000 vehicles with faulty airbags

The vehicle manufacturers have told owners to stop driving the affected vehicles and offered to buy them back.

Markets

For the week, the S&P 500 rose 0.9 per cent and the Dow added 0.7 per cent. The Nasdaq climbed 1.8 per cent.

S&P 500 slips from record after jobs data, but posts weekly gains

After resetting record highs, profit-taking took the wind out of the top three main US benchmarks heading into the weekend.

Yellen's warning was part of a broader rebuke on the subject of public communications, which she said could confused the public and contribute to market volatility.

Yellen warned colleagues to limit comments on US dollar

"We need to be careful not to ever inadvertently create the impression that we are somehow trying to jawbone down the value of the dollar."

Consumers are still spending plenty on eating out, helping overall retail trade figures surge to a 2 year high.

Pressure on RBA eases following retail, sharemarket highs

The chances of a rate cut in February have dropped below 50 per cent following strong retail sales in November.

ASX hits fresh record as outlook brightens

A second day of strong gains has delivered another record close and carried the All Ords past 7000 points for the first time.

Key trends for 2020: Why investors should watch wages

Investment strategist Giselle Roux reveals her key trends for 2020 and talks about her lifestyle change from suburban Melbourne.

Opinion

Morrison can't stop the shockwaves from bushfires

The bushfires are affecting various aspects of our lives and changing our political conversation on everything from the environment to the role of government.

Laura Tingle

Columnist

Laura Tingle

Self-reliant silver lining of the bushfire emergency

The community response to the fires is Australia’s practical and self-reliant civil society at its best. The challenge now is to ensure that both government and non-government support is used effectively to speed the recovery.

The AFR View

Editorial

The AFR View

Community must also do more on aged care

The boss of the nation’s largest nursing home operator is right: older Australians should make a greater financial contribution to the cost of their care.

The AFR View

Editorial

The AFR View

Aged care is broken. Unlocking housing wealth can fix it

The billions of dollars locked up in family homes can ensure older Australians are comfortable and happy in their final years, writes Pat Garcia.

Pat Garcia

Contributor

True diversity must reflect different political views

The ABC and SBS should forget about what people look like. Both really need quotas to represent the diverse thinking of the community.

In defence of Gina Rinehart's right to donate privately

If a billionaire makes a donation and doesn’t issue a news release, did it even happen?

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Politics

David Littleproud says the rules for big-money water traders may change, but not until after the ACCC hands down their report.

Fire help for small business on the way

There is help on the way next week for small businesses crippled by bushfires and special support for tourism operators.

Nine

Mum of three crowd sources funds after house burns

A mother and her three daughters who lost everything in the bushfires are seeking help to rebuild with the not-for-profit donation platform.

Scott Morrison

The fires dividing the nation

Scott Morrison will face pressure in the party room to address climate change as the fires and prolonged drought become an incendiary public issue.

New era for public transport as NSW dismantles its roads agency

NSW wants to be more innovative after scrapping its roads agency, says Transport Minister Andrew Constance.

Tony Abbott fights fires as danger returns in three states

An extreme fire warning is in place for the southern NSW slopes as dangerous fire conditions build ahead of a vigorous southerly change that will fan erratic bushfire behaviour.

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World

Supporters of the Democratic Progressive Party in a buoyant mood on Saturday as election results begin to come through.

Blow to Beijing as Taiwan's Tsai Ing-wen wins in a landslide

The resounding win underscored rising anti-China sentiment after violent protests in Hong Kong stoked fears the same thing would happen in Taiwan.

Aircraft parts from the wreckage of the crash near Tehran.

Rage in Ukraine and Iran after Tehran's admission on jet crash

The criticism of Iran over the crash of Ukraine International Airlines Flight 752 now threatens to eclipse whatever international sympathy Iran has garnered in its escalating confrontation with the Trump administration.

Nancy Pelosi.

Nancy Pelosi: one of America's most skilled politicians

Her weekly briefing was another bravura performance by a wily politician, and another reminder of how low is the intellectual wattage of the Trump White House.

US rejects Iraq's request to open talks on a troop pullout

"Any delegation sent to Iraq would be dedicated to discussing how to best recommit to our strategic partnership -- not to discuss troop withdrawal."

US economy adds 145,000 jobs in December, wage growth slows

While the number of new jobs slightly missed expectations, the labour market remains strong: average monthly jobs gains for all of last year were 176,000.

Property

How homeowners are building for the bush

From "earth sheltered" underground lairs to cantilevered steel frames, Australia's architects are rethinking rural home design.

Sydney housing values are set to rise by up to 12 per cent in 2020.

Hungry sellers rush back to property market

The residential property markets are off to a strong start this year as buyers and sellers return earlier than usual from the holiday break to try to capture a deal.

Three generations of a family share a view and memories at their heirloom Sorrento beach home.

Keeping the holiday home all in the family

Family holiday homes conjure images of idyllic summers by the seaside, but they can also be a lightning rod for deep-seated financial and emotional rivalries.

10 steps to test your home insurance

Worried about whether your insurance will deliver after a fire? We outline what to watch out for.

Bowral buyers face insurance freeze

Property buyers in the Southern Highlands have been caught up in the bushfire crisis as they face an uphill battle to get insurance cover.

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Wealth

The ESGI fund excludes fossil-fuel companies and high-carbon emitters.

Sustainable investments: what's on offer

Confused about where to invest and how the different funds operate? We outline their screen processes and their returns.

Why investors should watch wages

Investment strategist Giselle Roux reveals her key trends for 2020 and talks about her lifestyle change from suburban Melbourne.

The 1 per cent are much more satisfied with their lives than everyone else

Fully 90 per cent of the 1 per cent say they are "completely" or "very" satisfied with their lives in general.

Technology

The Huawei Mate 30 can charge faster with a wireless charger than the iPhone 11 or Galaxy Note 10 can with a cable.

Mate 30 Pro: The phone worth rescuing from Trump's trade war

With the stroke of a pen, Huawei's latest offering could soon transform from being a phone you shouldn't touch with a barge pole to the best phone on the market.

NSW is trialling on-demand services for buses, ferries and bikes.

New era for public transport as NSW dismantles its roads agency

NSW wants to be more innovative after scrapping its roads agency, says Transport Minister Andrew Constance.

Ao Air’s Atmos Faceware

Gadget love in a time of climate change

If it can't undo its contribution to climate change, then at least the consumer electronics industry can help make a changed planet more liveable.

Work & Careers

Annie Brown for Life and Leisure Nov 15: favourite jewellery. Jan Logan and Roselee Modica.

Jan Logan's fateful passage from farm girl to design icon

Jeweller Jan Logan has built her success on an eye for design and a willingness to take up in the opportunities life puts in her path.

How women presenters battled misogyny masquerading as science

Women's voices were once considered insufficiently authoritative for "serious" broadcasting. But is it all in the listener's ear?

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Life & Luxury

Lars Williams blending at Empirical Spirits.

The Danish distillery producing rude good spirits

Copenhagen's Empirical Spirits takes the wildly creative Noma approach to liquor making – with a twist of political outrage.

San Telmo director Dave Parker has a strong affection for Argentina.

Why a trip to Siena is this director's best travel memory

Director Dave Parker recalls how an invitation to an Italian street party led to him kissing a horse.

Radiant Flux, 2020 by Rebecca Baumann.

True colours: Immersions in light, sound and memory

Four artists attempt to capture the immeasurable with monumental visions on memory, perspective and spirituality.

Sports clubs are unclear about what liability they might for children playing on smoky days.

Sport clubs weigh up liability as smoke sticks around

This Saturday morning, suburban sports clubs along the east coast will face a question most are not qualified to answer – is it safe for our kids to compete?

PHOTO by Anthony Smith, Falls Festival at Lorne?2016 THE SUNDAY AGE NEWS 31st December 2016

How the fires could change summer music festivals

The future of the summer music festival model is being reconsidered after a slew of cancellations and postponements due to bushfires.

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