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Why an AMP board role is one of the trickiest jobs right now

The AMP board is under enormous pressure to wrap up the sale of the embattled group before it haemorrhages too many more staff or clients and the country heads off on summer holiday.

    Anthony Albanese and new shadow cabinet minster Ed Husic.

    'Worst I've seen': Albanese, Fitzgibbon go at it hammer and tongs

    Monday night's shadow cabinet meeting was the most explosive many had witnessed as Joel Fitzgibbon and Anthony Albanese traded blows over the US election and climate change.

    Christine Holgate resigned as Australia Post chief executive following criticism of her awarding watches to some staff as a bonus.

    Way to throw your CEO under a bus

    Corporate leaders believe the Cartier watch scandal reveals that Canberra holds unrealistic expectations of the talented executives hired from the private sector.

    Glencore secures transfer pricing victory

    The Anglo-Swiss mining giant's legal victory against the Tax Office could be Australia's most significant transfer pricing decision.

    Why Trump says he'll run again

    Donald Trump wants the world to think he is important even if he's not the President. His administration has ordered officials to block the transition process until the courts rule on his fraud claims. Joe Biden is acting presidential. Follow the news live here.

    Fifth of patients develop mental health issues within 90 days: study

    Vaccine approval would see travel bookings climb; Ed Husic to join Labor shadow cabinet; When the Pfizer vaccine will make it to market; Follow live updates here.

    Culture review for unit at heart of $29.8m airport land deal

    The NSW government unit - which is at the centre of the $27 million overpayment for land for the new Western Sydney Airport - will face a review after "very substantial" problems.

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    AMERICA VOTES

    Biden supporters celebrate in Atlanta, Georgia. A swing in the suburbs helped push the President-elect over the line.

    How America's suburbs moved away from Trump

    On average, Joe Biden improved on Hillary Clinton's performance in 373 suburban counties around the US by about 4.6 percentage points.

    White House press secretary Kayleigh McEnany was suggesting the Democrats supported fraud when Fox News cut away from her.

    Fox News cuts away from Kayleigh McEnany after she alleges vote fraud

    Fox News anchor Neil Cavuto cut in to end Fox's broadcast from the White House, saying: "I can't in good countenance continue showing you this."

    Senator Kelly Loeffler is among Republicans who have turned on their own in Georgia to stoke conspiracy theories,

    'Hoaxes and nonsense': GOP election officials reject Trump fraud claims

    Gabriel Sterling, a lifelong Republican who manages Georgia's voting system, took to a lectern at the Capitol to dismiss criticism of election illegalities in the state as "fake news" and "disinformation".

    Biden behaves as the incoming president, as Trump baulks at conceding

    The President-elect urged Americans to wear masks, at one point holding one up during a speech in Wilmington, and sought to depoliticise the act of putting one on.

    Australia's special interest in Biden's success

    Failure to contain the pandemic will damage Joe Biden's authority – and make it more difficult to deal with the key China, climate, and trade policy challenges that matter for Australia, writes Alan Mitchell.

    Companies

    Greater Sydney was officially declared a hot spot on Saturday.

    'The best news the travel industry has had all year'

    Plummeting COVID-19 cases are encouraging Australians to book domestic holidays and news of a potential vaccine means overseas holidays may also be on the horizon.

    NAB has signified that it has ceded all the ground it is prepared to give in the case against the corporate regulator.

    NAB won’t budge further in fees-for-no-service case

    The bank has drawn a line in the sand and rejects allegations of unconscionable conduct as being a bridge too far.

    Virgin sale clears final major hurdle

    Justice John Middleton has granted the order for the transfer of shares, which will likely take place early next week.

    Domain chairman Nick Falloon applauded the government's economic handling of the pandemic.

    Domain chairman backs government to guide economy through downturn

    The real estate marketing business has high praise for the government's pandemic support at its annual meeting.

    Kestelman deal turns PAS Group into buyer rather than seller

    The owner of the Review and Black Pepper chains is helping its new owner, Larry Kestelman's Queens Lane Capital, search for acquisitions.

    Healius staff receive $15m in back pay

    Medical business Healius has agreed to pay $400,000 as 'contrition' for underpaying thousands of nurses, doctors and administrative staff.

    Surge in insolvencies will be good news for some

    Insolvency experts expect to be hit by a wave of company collapses from January 1 after temporary relief measures to help businesses through the COVID-19 economic crisis expire.

    Markets

    Australian shares rallied further on Tuesday.

    Wild ride on ASX as vaccine jab spurs investors

    A vaccine breakthrough lit a fire under energy, travel and retail stocks on the local market on Tuesday, but also proved a drag on tech and gold shares.

    The potential of an effective vaccine against COVID-19 led to some wild swings on the ASX on Tuesday.

    Pfizer vaccine threatens tech's outperformance

    An improvement to the macro outlook on a COVID-19 vaccine could harm the valuations, if not the earnings, of tech businesses, according to analysts.

    ASX rally rolls on; URW rockets 44pc, NAB up 8pc

    The ASX closed at its highest level since March 5, extending this week's gains after a vaccine breakthrough from Pfizer and BioNTech helped investors build on US election euphoria. Unibail-Rodamco-Westfield was the standout, rallying to close 43.6 per cent higher in its best-ever ASX session.

    Aussie bonds jump most since March on vaccine news

    Bond traders have endured another volatile day as the RBA's presence wasn't enough to stem a swift sell-off.

    Confidence surging back to pre-pandemic levels

    Two key measures of confidence are now back to where they were before COVID-19 hit Australia, according to NAB and ANZ's latest surveys.

    Opinion

    Rules shift on the climate battlefield

    Joel Fitzgibbon's resignation from Labor's frontbench is another example of Australia's continuing political brawls over climate changing policy. But the business community and the states are taking a different path.

    Way to throw your CEO under a bus

    Corporate leaders believe the Cartier watch scandal reveals that Canberra holds unrealistic expectations of the talented executives hired from the private sector.

    Karen Maley

    Columnist

    Karen Maley

    I took the Pfizer COVID-19 vaccine. It's a miracle for genetic medicine

    The great news about RNA vaccines is that they can easily be reprogrammed. Even after we defeat COVID-19, new viruses will come along.

    Walter Isaacson

    Contributor

    Walter Isaacson

    President Biden will send a very different climate wind our way

    Failure to commit to net zero emissions by 2050 will leave Australia as isolated from the Biden administration as Tony Abbott was from the Obama White House.

    Frank Jotzo

    Contributor

    Frank Jotzo

    Sex scandals inflame Coalition's women problem

    Female voters are turned off by what some see as the Coalition's blokey image. This will only be made worse by male MPs carousing around the Canberra bubble.

    Aaron Patrick

    Senior correspondent

    Aaron Patrick

    Populists worldwide have lost their leader

    The US presidential election result is not only a big blow to Trump, but also to his fan club of international leaders. The more hardcore will dig in, hoping their hero can make an unlikely comeback in 2024.

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    Politics

    Attorney-General Christian Porter will reveal the draft laws for a Commonwealth integrity commission.

    PM rules out action against ministers over sex allegations

    Prime Minister Scott Morrison responded to allegations aired on the ABC by challenging Labor and the Canberra press gallery over their conduct inside Parliament House.

    Fitzgibbon quits frontbench as ALP climate crisis escalates

    Shadow resources and agriculture minister Joel Fitzgibbon has quit the shadow cabinet over climate change policy.

    The Foreign Relations Bill is aimed at curbing Chinese influence in states, universities and foreign investment.

    Fresh foreign influence bills to get Labor approval

    The Opposition wants amendments but ultimately won't derail laws vetoing deals signed by states and universities as well as the national security test for investors.

    Electric car owners to pay road user charges in SA from 2021

    SA will be the first state to make electric vehicle owners pay their way, as the Treasurer unveiled a big-spending 'high-vis' budget in which debt will rise to $33 billion.

    SA budget winners and losers

    Electric vehicle owners in SA will pay a road user charge from mid-2021 and tradies will be busy with an $850m injection into maintenance and upgrade spending.

    SPONSORED

    World

    Biden supporters celebrate in Atlanta, Georgia. A swing in the suburbs helped push the President-elect over the line.

    How America's suburbs moved away from Trump

    On average, Joe Biden improved on Hillary Clinton's performance in 373 suburban counties around the US by about 4.6 percentage points.

    Singles' Day frenzy last year. Alibaba is hoping for even more online shopping action this year.

    Alibaba insists recession, political spat will not hurt Singles' Day sales

    The world's biggest online shopping extravaganza kicks off in China on Wednesday, and Australian products traditionally rank high in the list of volume of sales to the planet's largest consumer market.

    The outlook for the City of London isn't entirely sunny.

    Britain bids to maintain post-Brexit London's financial pre-eminence

    Chancellor Rishi Sunak unveils climate measures and digital plans for financial services, as the EU dithers over keeping the door open.

    South Korea financial groups look to raise billions via IPOs

    As many as six large financial companies are lining up listings on the Seoul bourse, starting in 2021 with the planned debuts of KakaoPay and Hyundai Card.

    Armenia, Azerbaijan, Russia sign deal to end Nagorno-Karabakh conflict

    President Putin said Russian peacekeepers would be deployed along the frontline in Nagorno-Karabakh and the corridor between the region and Armenia.

    Property

    Spending surged in Victoria after the end of lockdowns, lifiting share prices for the shopping centre sector.

    Vaccine news a shot in the arm for malls, offices

    Shopping mall owners and office landlords bounced on news of a successful vaccine, but logistics giant Goodman, which has surged on the increase in e-commerce, fell back.

    The office will play an important role in retaining staff in the future but those in the real estate industry believe large corporate tenants will also decrease their space requirements.

    Large companies want flexible office space after pandemic

    Large corporate tenants around the globe will seek out more versatile office footprints and lease contracts, according to a new report.

    An investor paid $8.9 million for a service station at 400 Parramatta Road in inner-western Sydney's Burwood for a yield of 3.71 per cent.

    Investors pump up Sydney servo prices

    Cushman & Wakefield's latest auction shows how record-low borrowing costs make commercial assets with guaranteed returns attractive to investors.

    Prestige property prices prove immune to pandemic

    Australian cities' luxury property markets are continuing to see price growth despite the COVID-19 pandemic and Australia's first recession in three decades.

    New metro to spur Flinders Street development

    The historical Flinders Street building stands just near what will become the entrance to a new metro tunnel and a steady stream of daily commuters.

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    Wealth

    Why it's a mistake to pay aged care deposit for mum or dad

    Helping out with lump sums often means increased costs elsewhere for your parents, so run through the numbers to decide on the best way you can help out.

    Compelling case for alternative assets

    'Dark kitchens' and better healthcare are just a few examples of how fund managers are profiting from meeting changing needs.

    China dynamics offer rare earth opportunities

    Australian producers could benefit as the US looks to diversify where it sources rare earths, used in anything from technology to healthcare.

    Technology

    State firefighting agencies will partner with Facebook to alert users in their news feeds about nearby fires.

    Facebook rolls out local alerts as news boycott looms

    Facebook is promising to crack down on disinformation as it rolls out a new emergency alert system ahead of this summer's bushfire season.

    The PS5 is an enormous, but not unattractive, machine.

    The new PlayStation 5's controller is a game-changer

    The DualSense unit's so-called haptic feedback takes gaming technology to the next level in a big step forward.

    Former Facebook Australia boss Stephen Scheeler says a Biden victory and split Congress and Senate is the best outcome possible for big tech.

    Aussies fear tech regulatory crackdown will stall in new US Senate

    Australian tech leaders say big tech is set for a reprieve from any major regulatory changes for at least two years, after the result of the US election.

    Work & Careers

    'Brutal' year for Victorian students approaches end

    For final-year students approaching the VCE, it's been hard – but there have been some good lessons.

    Nursing report goes unanswered a year after it was handed down

    The report made sweeping recommendations to reform nursing education, but there has been no official response.

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    Life & Luxury

    Kristian Connelly, CEO of Cinema Nova in Carlton, is happy to welcome patrons back to the movies.

    Melbourne cinemas want help to keep the lights off

    The projectors are rolling in Melbourne cinemas again, but operators say the industry needs a tailored support package to help it recover from lockdown. 

    With its huge footprint and chassis smarts, the Turbo S corners without a hint of roll or drama.

    Want an electric 911? Porsche's CEO has a message for you

    Brand boss Oliver Blume weighs up the options for the future of the quintessential German sports car, including a hybrid.

    A Mediterranean diet would do the trick, say researchers.

    You don't have to become vegan to save planet, says study

    Researchers looked at five types of broad fixes to the food system and found that counting your calories can be just as effective.

    The perfect "aha" moment - in a hammock in Arnhem Land.

    Hit refresh with a bucket-list trip at home (and get NZ-ready)

    As the nation prepares for borders up by Christmas, we look north – and across the pond – for inspiring ideas to help ease you out on the road.

    Design critic and author Alice Rawsthorn says designers "have been empowered to adopt more eclectic and ambitious roles by pursuing their own environmental, social and political concerns”.

    How designers became pandemic first responders

    The creativity sparked by the challenges of COVID-19 is helping to redefine public and political perceptions of the role of design.

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