- Opinion
- Foreign relations
China defiant, but wary of G7 narrative
China says the days when a ‘small group of countries’ dictates global decisions are long gone. But it also acknowledged the risk of a unified front against it, writes Michael Smith.
- Analysis
- Australia's China challenge
Snub or no snub, Morrison got what he came for
Australia, along with India, South Korea and South Africa, was invited to the G7 for one reason – China. And the outcome of the G7 was good for Australia, writes Phillip Coorey.
Two new directors at PEXA, prospectus lands
PEXA announced the appointments on Monday, as it lodged a prospectus for its initial public offering with the corporate regulator.
- Exclusive
- University
Call for review of governance at troubled Charles Sturt University
A NSW MP has called for an independent review of governance at Charles Sturt University, which is already under investigation by the higher education regulator.
- Opinion
- Mergers & acquisitions
How two Aussie brothers built a $2b company within six years
Sam and Ryan Kroonenberg started A Cloud Guru after Ryan failed to land a job at Amazon Web Services. Less than six years later they have sold it for $2 billion.
Big businesses absorb JobKeeper departures
Small business employees laid off after the expiry of JobKeeper are not adding to the dole queue, according to Westpac.
- Opinion
- Coronavirus pandemic
Politicians are elected to lead, not hide behind the boffins
Governments have made a mantra out of following expert advice. Their job is to weigh up expertise, not to pick some and ignore the rest, writes Saul Eslake.
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Companies
Andrew Forrest’s $100b Congo power play
Australia’s richest man has committed Fortescue to the world’s biggest hydro power project in the Congo, as part of his ambition to diversify the miner into a global force in green energy and hydrogen.
Macquarie beats billionaires to clinch Italian tollway deal
The bank has seen off a pair of activist billionaires to grab a stake in the European country’s biggest toll road network in a $14.6 billion win.
Casino group’s bad week: The heat intensifies
It was Crown’s casual approach to the welfare of chronic gamblers that drew some of the most damaging admissions of the inquiry so far.
Nine ways to profit from inflation guessing game
Whether you’re a wealth accumulator or a retiree, there are opportunities to grow and protect your portfolio.
- Opinion
- Chanticleer
How one simple idea helped Australia map its biodiversity
Australia is leading the world in the measurement of its natural capital thanks to a brilliant idea hatched by a group of scientists more than 13 years ago.
The ASX kicked out this 10-bagger crypto unicorn
The Australian Securities Exchange has been vocal about its unease with all things crypto. But as more and more money is made, local investors want to know why they keep missing out.
Oil producers clash over $1b disposal bill
Offshore oil and gas producers are fighting among themselves over who should pay for an offshore clean-up bill of up to $1 billion that poses a serious threat to the industry’s reputation.
Companies in the News
Crown Resorts
National Australia Bank
Nine Entertainment
Updated: Jun 11, 2021 – 4.38pm. Data is 20 mins delayed.
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Markets
- Exclusive
- Wealth Generation
Why Millennial traders are shunning Reddit
A survey of 1395 users of the Superhero trading platform found online news was the most popular medium for Millennials to learn about investing.
- Opinion
- Investing
Beware going with the flow in green investments
Investors need to carefully consider the options because, unlike the tech theme, high-profile winners are less obvious.
PEXA appoints retail brokers for IPO
Morgans, Ord Minnett and Wilsons will start selling the company’s shares to retail brokers after being mandated for its float.
- Investigation
- Retail
Cettire shares soar despite working in a ‘cloud of mystery’
Shares in online luxury fashion retailer Cettire have surged almost six-fold since its December IPO, but questions have been raised about its long term prospects.
TikTok’s nine most popular investing tips, rated by financial experts
The hashtag ‘#investing’ has amassed more than 2.8 billion views on the video app as young people flock to it to learn (or be misguided) about the sharemarket.
Opinion
PM must tell the truth on the economy
Unless productivity rises, a re-elected Morrison government will have to break its spending promises. Neither party can shirk micro reform any longer.
Columnist
The message from the G7 is that the West has its limits with China
The G7 summit’s critical message was that the liberal democracies – the West– have finally been stirred into action by a belligerent and hostile Beijing.
Columnist
PM looks to Howard’s 2001 victory for an election strategy
With predictions of a worsening election climate looming, pundits predict Scott Morrison will call an election in 2021 and base his strategy on John Howard’s 2001 campaign.
Columnist
Australia is in the right company for the times
The world’s leading democracies that make up the G7 know that they must defend their order from authoritarian challengers. It is appropriate that Australia is standing with them.
Editorial
Morrison is up for post-G7 crusade
In the Trump era, Scott Morrison shunned binary views of China. But his language now is right on board with Joe Biden.
Columnist
Back in China after 15 months, Chairman Mao gives way to QR codes
Former Australian Ambassador to China Geoff Raby returns to find a country that is cashed up, run by smartphones and more anxious than when he left.
Columnist
Politics
Virus restrictions will have to run another year: modelling
New modelling suggests more infectious variants and lower vaccine uptake means states will need to intervene in any outbreaks or risk significant deaths.
Decision on Biloela family resettlement due this week
Despite growing criticism, Deputy Prime Minister Michael McCormack says the Coalition will stick to its policies of not resettling those who arrive by boat.
Australia winning friends and influencing people on world stage
Australia is looking for like-minded countries wherever it can to help stand up to China.
Age cut-off on AstraZeneca jab could be increased after second death
Experts say doctors are getting better at identifying and treating rare but fatal blood clots.
Treasurer calls for ‘creative’ COVID-19 response to prevent lockdowns
Josh Frydenberg says he is ‘very concerned’ about the damage caused to Victoria’s economy and mental health from four lockdowns.
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World
G7 delivers for Morrison on China
Scott Morrison’s trip to Britain appears to have paid off after G7 leaders said they would tackle China’s market-distorting practices and authoritarian approach in Hong Kong and Xinjiang.
- Analysis
- World politics
It’s good to talk, but can the West follow through with action?
G7 leaders met their make-or-break moment with lots of intent, including on China. But real leadership will need organisation, co-ordination and implementation.
- Opinion
- World politics
The G7 was stronger on values than hard cash
While the leaders assembled in Cornwall displayed plenty of ambition, the summit leaves behind big questions about whether the G7’s delivery will match its rhetoric.
Israel’s new leader a bundle of contradictions
Naftali Bennett is a former ally of Netanyahu who helped unseat him, a Jew who made millions in the mostly secular hi-tech sector and a champion of the settlement movement who lives in a Tel Aviv suburb.
Biden welcomes new Israeli government as Netanyahu ousted
In a statement that did not mention Israel’s longest-serving leader, Benjamin Netanyahu, US president Joe Biden welcomed Naftali Bennett’s new government.
Property
Still a seller’s market on Mornington Peninsula
The $6 million sale of a subdivided block – despite all the buyer’s arguments it was overpriced – shows where the power lies in one part of the market.
Large Lancelin landholding hits market, north of Perth
Around 100 kilometres from the Perth CBD, the property stretches from the fishing and holiday community of Lancelin South to Breton Bay.
Melbourne mansion sells for $2.75m above reserve
The five-bedroom, three-bathroom deceased estate in one of the most prestigious streets in the elite suburb of Toorak fetched $14.25 million at auction.
Barwon launches disability housing fund
The shortfall between the limited supply of suitable disability housing and the demand from NDIS participants has created the opportunity for private sector involvement.
- Opinion
- Rural property
Wind farm dispute: are tenant’s fixtures ‘land’?
Farmers who are considering leasing their land to wind or solar farm operators will have to consider the potential implications of a NSW Supreme Court decision involving Taralaga wind farm.
Wealth
Nine ways to profit from inflation guessing game
Whether you’re a wealth accumulator or a retiree, there are opportunities to grow and protect your portfolio.
How this Gen Z grew his family property portfolio to $100m
Sydneysider Wahib Wehbe fell into property investing when his father passed away. Now, he’s looking to expand his family’s investments interstate.
‘Turbocharged’ unlisted property funds at risk
Experts warn that inexperienced managers are offering high yields but taking on too much leverage.
Technology
Meet the lawyers driving Aussie tech deals boom
It started with Atlassian in 2010, and now lawyers such as Peter Dunne, Jill McKnight and Joel Cox are well-known in the scene, driving big contracts.
- Exclusive
- Funding
Ex-investment banker scores $11m after quitting to start a tech firm
Asher Freilich abandoned his Citi career to finish his medical training, but while doing so, started his own telehealth business, which is now in the money.
‘No basis’ for $5.2m industrial relations ruling, TechOne tells court
The software company and its vocal founder Adrian Di Marco are calling for a retrial of an employment law case that has them on the hook for $5.2 million in damages.
Work & Careers
Amazon says remote work is OK two days a week
Amazon shifted its stance after a backlash from corporate employees against the expectation of a return to full-time office work once coronavirus restrictions are lifted.
Staff shortages threaten ‘excellent’ ski season
The ski season is due to kick off on Saturday, but there are still more than 100 unfilled jobs at Victoria’s Mount Buller resort.
Life & Luxury
The storage boss who never gives up on the court
For Melbourne entrepreneur Ben Cohn, squash is the essence of competition, but that doesn’t mean he won’t let you in on his secret weakness.
Djokovic’s win puts him a major short of Nadal, Federer
Not only did the victory make the Serb the first man in the Open era to win all four grand slams on at least two occasions, but it left him just one major behind Nadal and Federer.
Jude Turner expands her Spicers Retreats empire
The pandemic has battered the Flight Centre business of husband Graham Turner, but business is booming for the Spicers Retreats boss.
How a world-beating pianist was remade in Australia
Alexander Gavrylyuk began a transformation on a Sydney operating table in 2002 into one of the concert hall’s most sought-after, emotionally engaged musicians.
Geoffrey Edelsten found dead at 78 in Melbourne apartment
The controversial businessman was known for his colourful exploits and ownership of the Sydney Swans AFL team.
