- Live
- Need to Know
Vic cuts isolation period for fully vaccinated
Watch live as Victoria delivers a COVID-19 update as the state nears 90pc first dose coverage; Former NSW Premier Gladys Berejiklian didn’t suspect Liberal MP Daryl Maguire of corruption after sacking him for it, the ICAC hears. Follow updates here.
Latest Posts
Victoria cuts isolation period for primary contacts
Vic: Councils told not to lift fees for outdoor hospitality
Vic nudges close to 90pc first dose cover
Australia surpasses Israel on first doses
Last updated 11 mins ago
- Opinion
- Chanticleer
Aristocrat eyes $94b prize with megadeal
Aristocrat Leisure’s $3.9 billion acquisition is designed to set it up for growth over the next five years.
- Live
- Markets Live
ASX rallies; Senex Energy soars 14pc on Posco bid
NZ CPI rises 4.9pc in Q3; Aussie bond yields soar; HUB24 to acquire Class; Aristocrat makes $3.9b Playtech bid; HomeCo Daily Needs, Aventus agree to merger. Follow the latest here.
Coal exports will decline, but not because of net zero target: PM
Scott Morrison told Liberal Party colleagues on Monday morning that the Biden Administration was a “game changer” in terms of global pressure to act on emissions.
- Exclusive
- Company mergers
The little four about to eat the big four’s lunch
Sekuro will launch this week after four separate firms agreed to merge without a cent changing hands, to compete with Big Four consulting firms for lucrative cyber security work.
Aristocrat makes $3.9b bid for Playtech
Aristocrat Leisure has made a $3.9 billion bid for Playtech, one of the world’s largest online software gambling suppliers, at a 58 per cent premium.
How to spot the ‘next CSL’ when every small cap’s an innovator
The new industrial revolution ‘is the biggest thing since James Watt looked at a steam engine and said, “I can use that”,’ Ausbil’s Tobias Bucks says.
The biggest stories in business, markets and politics, and why they matter, in your inbox at 8pm.
Companies
NSW court rejects challenge to Santos Narrabri gas
The NSW Land & Environment Court has dismissed a legal challenge to the coal seam gas project, finally clearing the way for drilling in the absence of any appeal.
Korea’s Posco makes $815m takeover bid for Senex
East coast gas producer Senex Energy has attracted a takeover approach from South Korea’s Posco in what would be the giant steelmaker’s first foray into oil and gas in Australia.
- Opinion
- Chanticleer
Disruption of services is next megatrend: PGIM
Disruption has been slow to reach services, but $1.6 trillion fund manager PGIM says its coming. However, incumbents such as the big four banks might just be OK.
Below the surface in the battle for Huon
The Foreign Investment Review Board is examining applications to buy Huon Aquaculture from Brazil’s JBS and Canada’s Cooke Seafood.
Gas price surge to buoy quarterlies
Bumper Asian gas prices are expected to help double September revenues for some of Australia’s LNG exporters in an unprecedented turnaround since the worst of the COVID-19 pandemic.
Dishing up the deals: Macquarie’s secret sauce in Italy
Macquarie’s asset management arm has done $18 billion worth of Italian deals in recent months. The man in charge explains why and how.
- Exclusive
- Mergers & acquisitions
Lark Distilling swoops on Tassie whisky maker in $40m deal
The ASX-listed Lark already had close links with fellow Tasmanian group Shene Distillery and has struck a buyout deal.
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Markets
NZ inflation accelerates, supports interest rate rises
New Zealand’s consumer price index beat expectations in the third quarter, soaring to its highest in more than a decade.
Inflationary storm heats up, Chinese growth to slow
NZ’s CPI takes its annual growth rate past 4 per cent, just as Chinese GDP decelerates; December Brent futures hit $US85.10 intraday, a fresh three-year high.
ASX to rise in a positive start to the week
Australian shares are expected to lift as NSW and Victoria lead the way out of lockdown and markets look to continue a bumper run.
- Opinion
- Monetary policy
Inflation battle lines being drawn up
US central bankers are anxious the spike in inflation is far from temporary, as economists warn demographic shifts have tipped the scales to resurgent inflation.
- Opinion
- Investing
Don’t follow the herd into the market abyss
Be contrarian and don’t let another salesperson tell you that buying Wesfarmers is a reopening trade. There are better opportunities to be found.
Opinion
When markets regulate the politicians
Hypocritical Nationals holdouts are exposing regional Australia to risk and robbing it of opportunity in the green industries that are coming.
Columnist
Supply chain lessons from Long Beach
One of the best things that we could do to avoid port pile-ups in the future is to ensure that no more than 25 per cent of any crucial supply be sourced from one place, or come into one port.
Contributor
Victoria, converted to vaccines, moves beyond lockdown
Victoria’s vaccinated reopening should prompt vaccine lagging COVID-free states to figure out their own reopening timetable for inevitably accepting the entry of the virus.
Editorial
Daniel Andrews takes a political exit route
Daniel Andrews says Victoria and NSW are now “closely aligned” and will increasingly operate as one zone while other states pursue their own divergent COVID-free paths.
Columnist
Investors must not strand fossil fuels: EnergyAustralia chief
The new inconvenient truth of the net zero transition is that keeping electricity reliable and affordable requires continued investment in coal and gas generation.
Contributor
Pandemic and climate add up to a big shock for global recovery
Labour shortages, supply chain blockages and the energy price crunch create conditions ripe for an inflationary spiral and a return to higher interest rates.
Columnist
Politics
Nationals to get billions for net zero
Tens of billions of dollars for regional Australia could be the price to pay for Barnaby Joyce’s party supporting the emissions target by 2050.
Vaccination proof a stumbling block for international arrivals
There are almost as many vaccine certificates as there are countries and that’s going to be a challenge for officials when Australians start streaming home next month.
OECD gives red-tape slashing agenda tick of approval
The OECD has given Australia a big tick of approval but says a “regulatory reboot” is needed globally to reverse a deterioration of trust in governments and experts.
Victorian lockdowns end with fewer deaths
Victorian Premier Daniel Andrews called Sunday a ‘proud day’ as he announced the shutdown would lift from Friday with freedoms beyond the state’s road map.
‘A bit nervous’: masks at the ready, kids get back to school
NSW Premier Dominic Perrottet has revealed 90 per cent of the state’s teachers are fully vaccinated as he urges families not to worry about the return of school.
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World
Britain faces ‘wave of terror attacks plotted by bedroom radicals’
Officials believe the country is facing a new threat from ‘lone wolf’ terrorists who were radicalised online while spending months at home.
- Opinion
- Shipping
Supply chain lessons from Long Beach
One of the best things that we could do to avoid port pile-ups in the future is to ensure that no more than 25 per cent of any crucial supply be sourced from one place, or come into one port.
Man sues Canon for $6m over printers that won’t scan when ink runs low
His class-action lawsuit filed in New York said it expected the full list of plaintiffs to be more than 100 consumers.
China’s Earth-circling hypersonic missile test surprises the US
‘The test showed that China had made astounding progress on hypersonic weapons and was far more advanced than US officials realised,’ the Financial Times says.
New Zealand vaccinates 2.6pc of its people in a day
Kiwi healthcare workers administered a record number of jabs as the nation held a festival aimed at getting more people inoculated against the coronavirus.
Property
The CEO of Optus has bought a $15m Sydney landmark
Kelly Bayer Rosmarin and her husband have made a handsome trade-up in their Vaucluse real estate by purchasing a Spanish mission-style residence.
House prices ‘moving before buyers’ eyes’
Melbourne buyers agent David Morrell says his clients are undertaking just one inspection and then making an offer to avoid missing out as prices surge.
Investor slams Coalition ‘ideology’ against build to rent
‘All the heavy lifting on this housing solution has been done by the states and the feds have done absolutely nothing,’ the world’s biggest BTR investor says.
‘Work from home’ rural mansions tempt cashed-up city buyers
The latest offerings include the historic Cathlaw Estate in Gisborne, about an hour from Melbourne and Bowral Park in the NSW Southern Highlands
- Exclusive
- Rural property
Green Bank backs sustainable farming platform
The new investment platform will put capital to work in underperforming farms to help lift productivity, optimise land use and reduce carbon emissions.
Wealth
- Podcast
- How I Made It
Listen now: How to go from EY to $50m
Julie-anne Sprague talks to Jane Lu, 35, the fast fashion retailer who quit her job at EY during the depths of the 2010 financial crisis; lied to her mother and is now worth around $50 million. Listen here or wherever you get your podcasts.
- Opinion
- Inheritance
Can you disinherit your child?
What happens when broken family relationships are played out by parents leaving their offspring out of the will?
- Opinion
- Aged care
How to find the best aged care home
Don’t leave it to chance but check how the provider rates on quality and safety. Price alone is not the best indicator.
Technology
- Exclusive
- Company mergers
The little four about to eat the big four’s lunch
Sekuro will launch this week after four separate firms agreed to merge without a cent changing hands, to compete with Big Four consulting firms for lucrative cyber security work.
Facebook may identify trolls in defamation cases
Facebook could reveal the identity of people who post defamatory material on its platform if asked by someone suing for defamation or by a court.
DoorDash in push for bigger bite of food delivery market
American juggernaut delivery service DoorDash has launched its first local advertising campaign as it seeks to topple the local dominance of Menulog and Uber Eats.
Work & Careers
- Exclusive
- Meet the CEO
How a McKinsey partner plans to reinvent Oroton
The mid-luxury retailer is seeking to re-cement its place in the fashion world after a tremulous few years.
Cbus under fire over proposal to cut wages to pay for super
The industry super sector has consistently argued that increases in the superannuation guarantee do not lower wages growth.
Life & Luxury
Why marine ingredients are so hot in skincare
The ocean takes up most of our world, so it stands to reason it would be a rich source of natural wonders. The bonus? They can do wonders for your skin, too.
- Exclusive
- Life after Lockdown
Start-up helps bands score post-lockdown gig boom
Muso, a software platform that helps musicians find gigs and venues find artists to put on shows, is banking on a post-lockdown boom after raising capital.
Seven and Nine fight over ratings crown
Seven has reclaimed the ratings crown after losing it to rival Nine in 2019, as the third commercial free-to-air player ViacomCBS-owned Network 10 prepares to present its case to advertisers on Wednesday.
Gunfire Lullabies charts a journey from diplomat to novelist
Author Nore Hoogstad was posted to Indonesia at a dramatic moment in its history. Here she explains why she can’t write about her experiences in a memoir.
- Opinion
- Performing arts
Is Adele’s Hollywood makeover the greatest ever?
With two Vogue covers, a property empire and a new album, the singer has had a radical A-list reinvention.
