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Rental support 'can't continue forever'

Scentre Group chief executive Peter Allen says it's time to wind back the mandatory code of conduct that was forced upon landlords and tenants in the early days of the pandemic.

The ASX has closed sharply higher.

ASX falls 0.7pc to three-month low on global lockdown fears

The ASX sank to a three-month low on Tuesday as investors worried about potential new lockdowns in Europe as COVID-19 cases threaten to spiral out of control. 

Liam Donohue and co-founder James Dougherty started Lennox after leaving Macquarie's small companies fund.

Why buy now, pay later's biggest competitive threat is not PayPal

Lennox Capital Partners' portfolio manager Liam Donohue on the buy now, pay later space, and the 'controversial' travel stock unafraid of short sellers.

Ardern predicted to cruise to victory in NZ's 'COVID-19 election'

RBA deputy governor Guy Debelle says WA's closed borders and Victoria's shutdown are dragging on the economy; new studies suggest infections are more common on planes than first thought. Follow updates here.

Investment banks to 'step up' M&A financing in 2021

Investment banks with a balance sheet at their disposal will play a bigger role in post-pandemic property merger and acquisition activity, says UBS' Tim Church.

Negative rates haunt bank investors

Just when shell-shocked investors thought it couldn't get any worse, British banks, including ASX-listed Virgin Money, plunged another leg lower this week.

KPMG hits pause on new partners after 31 promotions

Strong revenue growth of 13 per cent in the lead-up to the COVID-19 outbreak saw KPMG bring on 31 partners before the economy was hit by the full force of the lockdown.

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Companies

NBN Co will build a fibre optic cable out to a business premises free of charge, and then provide its "enterprise ethernet" plan.

NBN splashes $700m in bid for market domination

NBN Co will slash wholesale broadband prices and invest $700 million over the next three years in its bid to dominate the business broadband market.

Charter Hall CEO David Harrison at the AFR Property Summit.

Dipping into super 'a hit to integrity of the system'

Charter Hall CEO David Harrison says he disagrees with the government's controversial decision to allow Australians to dip into their retirement savings.

Audrey Zibelman says the energy sector has felt the impact of the virus.

Microsoft to overhaul electricity stock exchange

The new system signed up to by the Australian Energy Market Operator should provide a stronger incentive for participants to respond to the rapidly changing dynamics of the market.

The return of rugby league - Foxtel boss Patrick Delany says - marked the recovery point for Kayo,

NRL return kick-starts Foxtel sport subscriptions boom

Foxtel's boss says sports subscribers across the group – Kayo, broadcast Foxtel and Foxtel Now – have hit their highest level in the 25 years of Foxtel's existence.

Geoff Wilson calls for Myer board rethink

The veteran fund manager has backed Solomon Lew's call for the retail group to overhaul its board and is also urging a cut in directors' fees.

Why Barclays backed Barrenjoey

Barclays Plc is the largest investment bank outside of the US, but its presence in Asia is weak. It is now pinning its hopes of Asian expansion on a banking start-up on the other side of the world.

Rex may give half its capital to Asian group to fund city routes

Rex and Asian private equity group PAG Asia Capital are negotiating an investment of up to $150 million via convertible, as reported by Street Talk on Monday evening.

Markets

ASX marks fourth straight decline as virus bites

ASX slides 0.7pc to hit 3-month low; Xero rises 4.4pc as tech, staples offset some falls; Pengana exits FAANGs after price run.

Centrelink queues in March and April.

RBA eyes 'bumpy' recovery and more stimulus

RBA deputy governor Guy Debelle says the jobs recovery will be a slow 'grind' even if the unemployment rate may not hit a forecast 10 per cent, as he flagged new potential monetary policy stimulus.

Barrenjoey Capital's $10b war chest

A full service investment bank needs enough capital to underwrite the risk appetite of its clients. This is why Barclays is so critical to Barrenjoey Capital Partners.

Debelle hints at more stimulus options

Guy Debelle has detailed the central bank's thinking around increasing longer term bond purchases, further reductions in interest rates and steps aimed at weakening the currency.  

HSBC between a rock and a hard place

Businesses that have become political shuttlecocks are not worthwhile investments. Unpredictable policy shifts set share prices rather than strategy or economics.

Opinion

Long runway ahead for western Sydney's aerotropolis

Some 50km west of Sydney's CBD, the NSW government has grand plans for a thriving parkland city as a model for Australia's future economy. How realistic that will prove is a work in progress.

Energy politics transition from coal to gas

Scott Morrison has broken up with coal, but is trying to keep the Coalition's conservative base united by pushing gas-fired power.

Matthew Warren

Contributor

Matthew Warren

Australian Chinese trapped between Beijing bullies and Canberra spooks

Greater transparency about Australia's counter foreign influence activities is needed to protect people of Chinese heritage who fear being targeted by security agencies for speaking about China.

Keating or Morrison, the recession solution is the same

The October 6 federal budget may be about the future but its measures will be firmly rooted in the past.

Phillip Coorey

Political editor

Phillip Coorey

Standing army is crossing line by helping suppress virus dissent

The ADF's proper role is national defence, not assisting the Victorian police crackdown on protests against the lockdown.

Beware the long arms of American and Chinese law

Without common international rules, third countries may increasingly find themselves torn between the competing extraterritorial demands of Washington and Beijing.

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Politics

Voter backlash over koalas a concern as Nationals fallout continues

Former NSW Young Nationals chairman Jessica Price-Purnell is the latest high-profile party member to quit amid the fallout from the failed koala coup.

Defamation win: Dr Anne Webster with felow Nats MP Senator Bridget McKenzie last month

Facebook defamation: $800k payout for Nats MP

Dr Anne Webster, her husband and their charity were defamed in 'disgraceful' Facebook posts by a woman who claimed they were part of a paedophile ring.

Phillip Crutchfield QC and Michael Borsky QC have signed the letter raising concern.

Judges, QCs alarmed over Andrews' new emergency powers

A group of retired judges and leading Melbourne QCs has written to the Andrews government expressing alarm over laws giving any designated authorised officer the right to arrest people suspected of breaching COVID-19 laws.

FIRB crackdown had a 'chilling' effect on foreign interest

Property executives said the emergency crackdown on foreign investment made deals more expensive and complicated, and threatened to turn off investors in the long term.

SA opens NSW border, Qld expands 'bubble'

The decisions loosen border restrictions the federal government says are hampering the economic recovery, although Queensland insists it still considers NSW a virus hotspot.

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World

Arthur Sinodinos: "It can't be a situation where we're being asked to essentially compromise our national interest to safeguard our economic interests."

Sinodinos urges Biden, Trump to revisit TPP and share China burden

With Australia facing 'bumpy' times because it is standing up to China, the US should reconsider joining the 'strategic' Trans-Pacific Partnership, says our ambassador to Washington.

Police in the Spanish capital and its surrounding towns are stopping people coming in and out of working-class neighbourhoods in the city's south.

Madrid calls on army to help battle latest virus surge

At the height of the first wave of the pandemic in March-April, Spain deployed thousands of troops to help civilian authorities contain the outbreak.

Relatives of 12 Hong Kong activists detained at sea by Chinese authorities at a press conference in Hong Kong 10 days ago.

Hong Kong activists detained in mainland China denied family access

The 12 detainees, ranging in age from 16 to 33, were travelling by speedboat to Taiwan when they were detained by the Chinese coast guard.

Johnson edges closer to second national lockdown

Boris Johnson is set to impose new restrictions on nightlife, including the forced early closure of pubs and restaurants in England.

Star Macquarie banker kicks goals in Europe

Jerry Korczak isn't much of a soccer fan, but he saw a banking niche and turned it into a big business for Macquarie's London office.

Property

The property market has proved resilient.

High-end home sales strong as property emerges unscathed

Lendlease head of property Kylie Rampa says Australia's handling of the COVID-19 pandemic has attracted buyers back into the premium end of the market.

Gilbert and Tobin's special counsel Nicola Clayton told the Summit that there is a spirit of collaboration between lenders and borrowers regarding valuations.

Property lenders tout pandemic collaboration

Australia's largest property lenders say it would be a mistake to sit on their hands, even in such an uncertain environment.

The Vaucluse mansion owned by Alexander Ma has sold for more than $30 million.

Sydney mansion sells for more than $30m

It's second time lucky for press scion Alexander Ma’s Vaucluse house, after a mystery buyer lost more than $3 million by walking away from a previous deal.

Property leaders' plea: Open the borders, end the lockdown

With Victoria recording just 11 new coronavirus cases on Monday, property executives are urging the southern state to accelerate plans to reopen the economy.

Queensland faces 21,000 empty hotel rooms over summer

Queensland has only weeks to act to prevent thousands of interstate holidaymakers booking their summer vacations elsewhere, says Accor boss Simon McGrath.

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Wealth

Putting off difficult and complex conversations about inheritance and wealth management make things challenging for the next generation.

Millennials deserve better advice

Ahead of a massive transfer of wealth, beneficiaries are ill-prepared for the responsibility of wealth stewardship.

Case for sustainable investing

Irrespective of whether you want to make the world a better place or you want to make higher profits, it's not a fad but a key consideration in SMSF portfolio construction.

Does Aussie dollar outlook argue for a bit more hedging?

With our currency below long-term averages and the US dollar vulnerable, it’s no surprise many forecasters are targeting further appreciation.

Technology

QAnon groups, which have cast President Donald Trump as the hero in their baseless conspiracy, have spread and amplified misinformation surrounding the election.

Facebook failed to limit QAnon

The QAnon movement has proved extremely adept at evading detection on Facebook under the platform's new restrictions.

Icons for the smartphone apps TikTok and WeChat.

TikTok deal exposes a security gap, and a missing China strategy

The Trump deal involving Oracle has not resolved the larger security risk that foreign apps pose when their codes are controlled by a foreign power.

TikTok Global's board of directors will include ByteDance founder Zhang Yiming (right).

ByteDance insists TikTok will remain its subsidiary under Trump deal

The Chinese company said it would own 80 per cent of TikTok Global, a newly-created US company that will own most of the app's operations worldwide.

Work & Careers

Bridget Loudon's Expert360 is fourth on LinkedIn's top start-ups to work for.

The top 10 start-ups to work for in Australia

From digital banking to e-learning, these are the 10 companies that have proved resilient to the downturn – and where Australians want to work.

Why you'll soon be back in the office

The retreat from the office was for health reasons. So bosses will ultimately ask: If you feel safe enough to go to a cafe or pub why do you not feel safe to return to the office?

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Life & Luxury

Airbus' ZEROe “blended-wing body” concept design.

Airbus reveals hydrogen designs for zero-emissions flights

The approaches include a turbofan jet with capacity for up to 200 passengers, which can fly more than 3700 kilometres, a flying-wing concept with 200 seats.

The University of Sydney's extensive art and antiquities collections now have a new home: the new-build Chau Chak Wing Museum.

From Norfolk to the Top End, isolation remains popular

From the island that once haunted dreams to a wartime Sydney tour and a festival of lights in the Red Centre: you can have a bucket-list holiday at home.

We will not forget about beauty, says Roger Vivier creative director Gherardo Felloni.

Roger Vivier makes a sumptuous case for wearing heels again

The creative director of the storied Parisian footwear brand doesn't think glamour is going anywhere just yet.

The Apple Watch Series 6.

New Apple Watch's best features aren't new at all

Despite our misgivings about the new features in the Apple Watch Series 6, it's actually pretty great.

Eugene Levy accepts the outstanding lead actor in a comedy series award for "Schitt's Creek" as his son and castmate Dan Levy looks on.

Schitt's Creek takes a paddle to the Emmys

Schitt's Creek swept the awards for comedy, capping its rise from a Canadian sitcom with a cult following to one of the most celebrated shows on TV.

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