Fears that prolonged talks expose net zero deal
The Nationals are handing over their climate demands but many senior members of their party and Liberals say the drawn-out negotiations will be damaging.
ASX to rise, earnings fuel gains on Wall Street
Australian shares are poised to rise, bolstered by reporting season optimism in the US. Bitcoin moves toward record high. $A reaches for US75¢.
Get on your bike, says Josh Frydenberg
Treasurer Josh Frydenberg is pumping up the tyres of the cycling economy, and will launch a new EY report on the power of the pedal.
- Live
- Need to Know
Pfizer jab prevents hospitalisations in teens
Among children age 12 to 18, two doses of the Pfizer shot were 93pc effective in preventing Covid hospitalization; New cases in Britain are averaging more than 44,000 a day. Follow updates here.
New COVID-19 wave builds in Europe’s unvaccinated regions
Wherever jab rates are low, the virus is on the march again – leading to overcrowded hospitals, new restrictions and more deaths.
- Opinion
- Chanticleer
How to bridge the ‘valley of death’ for women entrepreneurs
There’s been a strong response to programs aimed at boosting businesswomen and leaders – but impostor syndrome still holds many females back.
Gladys Berejiklian case puts ICAC on trial
As the Independent Commission Against Corruption prepares to put the former NSW premier in the witness box again, it’s time to weigh up its reputation.
Accounting firms offer pay bumps and flexible work amid a struggle to retain and attract staff. In your inbox Wednesday morning.
smart investor
Investors and renters return to cities as pandemic fears ease
Inner-city supply is tightening and rental prices are beginning to increase.
- Opinion
- Investing
Do female investors have a perfectionist problem?
Money coaches say women have less invested than men because they are afraid of not getting it absolutely right.
- Opinion
- Property investment
How much to spend on your renovation
There’s a fine line between adding value and overcapitalising – here’s how to work it out.
- 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.
- 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?
Companies
CBA replaces Albert terminals with Smart fleet to integrate apps
The bank’s latest payments terminal is set to integrate Doshii, Whitecoat and other business apps.
- Exclusive
- Hydrogen
Start-up ScimTek embarks on ‘east coast hydrogen corridor’
A new joint venture is setting up a network of green hydrogen production sites at landfills, with roadside refuelling stations for heavy trucks and buses.
- Exclusive
- Governance
Shareholder AGMs move online permanently
Companies will be able to skip “in-person” AGMs with shareholders and host online gatherings, under emergency COVID relief the government will make permanent.
ASIC says Black Prince was ‘revived’ to hold Jan Cameron’s holding in Bellamy’s
The prosecution alledges that a Malaysian company lent money to Black Prince on certain terms, which were changed after the listing of the baby formula player on the ASX.
BHP aims to crush South Flank glitches
The big miner believes it can overcome recent mechanical problems with a giant crusher at its new $US3b South Flank mine.
The companies on the block in Australia’s M&A boom
Dozens of Australian companies are bracing for a knock on the door as one of the hottest mergers and acquisitions booms plays out.
Stockland says inflation in timber, labour is easing
The listed residential developer and commercial landlord also predicts a “good Christmas” for its retailer tenants.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
Bitcoin futures ETF demand surges on trading debut
BITO stands as the second-most heavily traded ETF for a first day of trading, only surpassed by a BlackRock carbon fund.
Miners drag ASX from a three-week high
The Australian sharemarket fell away from a three-week high on Tuesday, as losses from the major miners offset strength from the local tech sector.
Economists cast doubt on RBA rate hike plans
Economists and markets disagree with the RBA’s stand that the cash rate will not rise before 2024, warning about the surge in housing and energy prices.
Energy crisis puts rocket under base metal prices
Energy shortages in China and across Europe have led to output cuts across the base metals sector, driving prices to record levels.
- Opinion
- Chanticleer
LIC fight pits Wilson against Moore
Two leading fund managers – Geoff Wilson and Paul Moore – have taken their battle for control of a listed investment company to the Takeovers Panel.
Opinion
Migration is not a substitute for a more flexible workforce
Australia has a big immigration shortfall. But migrants have also been papering over rigidities in the domestic job market.
Contributor
Australian companies bulking up on optimism
This year could be a record for merger activity as corporate Australia looks through fears of inflationary bottlenecks.
Editorial
Australians need a PhD in ‘borderology’ to figure out the rules
The confusion over domestic borders and travel is mirrored in uncertainty over immigration levels once Australia’s international borders open up.
Columnist
The great interest rate debate takes another turn
Stephen Grenville’s claim that he wants interest rates to actively be pushed up because it is “inevitable”, is like saying we’re all going to die some day, so let’s stop taking care of ourselves.
Contributor
Politics is often counterintuitive, and climate action is no different
Barnaby Joyce looks every bit the man who knows he has to deliver something that every sinew of his body disagrees with.
Political editor
Why you shouldn’t underestimate the underclass
They are damaged, lacking in trust and discipline, and highly self-interested. But the poor are still a force that Australia needs to properly harness.
Columnist
Politics
Vaccine progress ‘transformed’ as Australia overtakes US
An increased supply of mRNA doses from overseas is pushing Australia’s jab rates ahead of other countries such as the United States.
OECD warns on threat to living standards
The OECD has downgraded its outlook for Australian living standards over the next 40 years and warned of budget pressures from the ageing population.
Qld tourism operators want date set for international traveller return
Queensland may be opening its borders to fully vaccinated interstate visitors by Christmas, but the tourism sector wants a clear date for the return of international travel.
‘Surprised’: Maguire’s pet project got funding despite low priority
Senior NSW sport department bureaucrats could not understand how the then-secret lover of Gladys Berejiklian had secured funding for a gun club.
National ICU surge capacity stymied by lack of staff
A loss of ICU staff over the last year means much of the planned surge capacity to cope with an expected increase in COVID-19 admissions will not be available.
SPONSORED
World
- Opinion
- Inside China
Chinese policymakers face a major growth dilemma
Beijing will likely use infrastructure spending to plump up economic activity, as it pushes China’s bloated property developers to continue shrinking their debt
Couple sail to their wedding in giant cooking pot
Front line workers Akash and Aishwarya were determined not to let flash floods and landslides in India stop their wedding.
N Korea test fires submarine-launched ballistic missile
The launch came as the intelligence chiefs of the United States, South Korea and Japan were to meet in Seoul to discuss the stand-off with North Korea.
Neighbourhood spies help police Uighurs in Xinjiang, report finds
A new report focuses on the role of village volunteers who it says are deployed to gather intelligence and granted police-like powers in China’s Xinjiang province.
New Zealand hits virus high, pushes vaccination as way out
Prime Minister Jacinda Ardern said lockdown rule-breakers were contributing to the spread of infections, and noted that many of the new cases were in younger people.
Property
Mall giants provide earnings guidance on Christmas rebound hopes
Alongside its earnings forecast, SCA Property Group acquired the Moggill Village mall from developer Don O’Rourke for $55m.
Office towers change hands as reopening lifts hopes
The uplift in office tower transactions over the September quarter augurs well for what is expected to be a busy fourth quarter.
Stockland says inflation in timber, labour is easing
The listed residential developer and commercial landlord also predicts a “good Christmas” for its retailer tenants.
Yarraville denim factory site slated for $1b project
Irongate and Fraser Property Australia have joined forces to take control of a shut-down denim factory site in Melbourne’s inner west.
Asset diversification drives Sydney CBD harbourside hotel sale
Entrepreneur Chandru Tolani is selling down his hotel portfolio, hoping to capitalise on post-pandemic investor optimism.
Wealth
Investors and renters return to cities as pandemic fears ease
Inner-city supply is tightening and rental prices are beginning to increase.
What to do with your SMSF when it’s just you left
Getting the structure of your DIY super fund right is vital to keep things simple after one of you passes on.
- Opinion
- Investing
Do female investors have a perfectionist problem?
Money coaches say women have less invested than men because they are afraid of not getting it absolutely right.
Technology
- Exclusive
- Mergers & acquisitions
Ex-AFL star sells start-up for $205m after just four years
The recent boom in Brisbane-based tech company success continues as former Adelaide Crow Brad Moran sells CitrusAd to French giant Publicis Groupe.
Apple launches new AirPods with longer battery life
The technology juggernaut also unveiled a music plan that works exclusively through Siri and different colours for its HomePod mini speaker.
The new MacBook Pro is the biggest overhaul in years
The tech giant’s shares rose as it also unveiled M1 Pro and M1 Max chips that are 70 per cent faster than its M1 predecessors and far outgun those from Intel.
Work & Careers
- Opinion
- Workplace
Beware, workers are about to pivot with their feet
The workplace is going through a Great Realignment because of the pandemic, which has made many employees rethink what their jobs mean to them.
American workers who didn’t quit are now going on strike
Many of those who didn’t join The Great Resignation are now joining picket lines, as widespread work stoppages reflect growing frustrations among the labour force.
Life & Luxury
A day to be charmed in Little Venice
Chioggia lies at the southern end of the vast Venetian Lagoon. It’s a quirkier, pocket-sized version of the famous nearby floating city, one with abundant fresh seafood.
How you can live the VIP high life on a superyacht
Not everyone can afford a superyacht, but a new charter company founded on the Gold Coast is offering an entrée into that exclusive club, one cabin at a time.
Been there, done that? Get set to sail Saudi Arabia
The first international guests to embark on a Red Sea cruise from the kingdom since 2004 finds it full of surprises, not least of which are the luxury toys passengers get to play with.
#Boatlife: The families selling up to live – and work – at sea
A growing armada is taking advantage of the remote labour practices ushered in by COVID-19 to escape the rat race for a life of marine adventures.
Don’t be surprised if you start seeing lots of these machines
Eijiro Tsukada has designed a device intended for the global colonisation of the home, office and cafe, one cup of perfectly made matcha tea at a time.
