Companies brace for fierce battle to attract workers
Companies will compete fiercely with each other to fill more than 500,000 positions in the coming months as Australia’s two largest cities roar back to life.
‘The ball’s in your court’: Nats give PM green wishlist
Most National MPs have backed a proposal for a regional economic package in return for their support for net zero emissions by 2050.
- Opinion
- Canberra Observed
Morrison wants to manage climate change off the table
Just as with gay marriage, the conservatives are getting their say - and then bowing to the inevitable.
- Live
- Need to Know
Pfizer says booster shot restores full protection
A Pfizer-BioNTech booster was 95.6 per cent effective against symptomatic COVID-19 in the study; Moscow enters harsh lockdown. Follow updates here.
- Opinion
- Chanticleer
Fundies navigate tough times as passive investing booms
Three leading fund managers have updated shareholders on their latest flows, a move that highlights the relatively weak performance compared with the tidal wave of money into passive funds.
Victoria expected to join NSW in scrapping quarantine
Victoria is expected to announce that it will follow NSW and scrap quarantine requirements for international arrivals.
Obeids, Macdonald jailed over $100m coal scheme
Twelve years after The Australian Financial Review revealed Eddie Obeid’s coal windfall, he faces at least another three years prison.
How to negotiate the new world of work. Expert advice in your inbox every Thursday.
commercial property
Why pubs are the hottest real estate play in the country
The end of lockdowns in NSW and Victoria is just another tailwind in the booming pub sector, whose long leases make it as attractive to investors as childcare centres
Pac and Mac $2.2b mega-deal is boost for major malls
AMP, Cbus and UniSuper’s record-breaking deal to buy into Pacific Fair and the Macquarie Centre sets a clear pricing benchmark for major malls.
AusSuper on the hunt for London’s next King’s Cross
The 67-acre site allowed the $190 billion industry fund to notch up a significant offshore property success - and now it wants more.
Melbourne Woolworths sale sets new benchmark
The sale of the Blackburn South Woolworths to a local investor on a record low yield reflects the weight of capital seeking convenience-based retail assets.
- Analysis
- Commercial real estate
North Sydney’s $11b big build
A third wave of projects is lining up to tap the growth expected in North Sydney after the 2024 completion of the Victoria Cross Sydney Metro station.
Companies
Westpac tells Papas’ cousin to pay back $720,000
Westpac has left the door open for legal action against Eric Constantinidis over $720,000 transferred from a Bill Papas-controlled trading account to his cousin in early July.
Woodside, Santos cash in on energy crisis
Woodside and Santos reaped combined revenue of almost $3.5 billion in the September quarter as the global energy crisis ramped up prices.
Experts dazed and confused by APRA’s risk culture pilot
Risk experts are confounded by the design of a risk culture survey to be rolled out to the banking sector over coming weeks.
The rise of the crypto arbitrageurs
A team of Sydney traders are applying old-world options trading to take advantage of anomalies in crypto markets that show no signs of disappearing.
Crypto experts praise Bragg tech report, sceptical of delivery
The Bragg report into crypto has lit a fire underneath the industry, but experts are wary of when it can be delivered.
- Exclusive
- Online trading
Pinnacle tips $3m into anti-Robinhood platform
Pinnacle Investment Management has backed wealth administration platform OpenInvest with $3 million in seed funding and will launch a new digital investing product.
Crown Resorts board survives spill motion
Angry Crown Resorts shareholders hit the board with a second strike against golden handshakes to former executives.
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Markets
RBA’s inaction escalates war waged by bond traders
Bond traders are taking the three-year government bond yield further from its 0.1pc target after the central bank opted against intervention.
A ‘dearth of dollars’ – the rise of the crypto arbitrageurs
A team of Sydney traders are applying old-world options trading to take advantage of anomalies in crypto markets that show no signs of disappearing.
ASX closes flat as AGM season heats up
A slew of corporate results and AGMs dictated trading on Thursday, with real estate and technology stocks leading the market.
Why Judo’s float tempted this fundie back into the IPO market
Basketball fan Martin Pretty, from Equitable Investors, explains what’s behind the fund’s 60pc return, small cap gem MedAdvisor, and how he discovered NZ’s Geo.
ASX flat; Perpetual’s best day in a year; jobs improve
Travel shares tumble; oil price boosts Santos, Woodside revenue; bitcoin record high.
Opinion
Hybrid work is the way of the future
Any return to the office is still likely to allow more people to work from home at least a few days a week as part of the new fashion for hybrid working.
Columnist
Boris Johnson is more honest on climate than Scott Morrison
The British PM’s boosterism is well known. But unlike his Australian counterpart, he has not hidden the cost of net zero emissions from the public.
Columnist
Australia’s choice about China has been long in the making
Australian leaders and strategic analysts have been quietly hedging for the day when China decided to put its authoritarianism ahead of partnership.
Contributor
The retail army goes back to the future
Move over Afterpay and Zip. The big miners and materials stocks are the new favourite playthings of retail traders.
Senior reporter
Now to the debate on actually hitting net zero by 2050
Neither Australia’s main parties nor most of the 120 heads of government who will meet in Glasgow actually have a plan for reaching net zero emissions by 2050.
Editorial
Fiji’s PM: Go to Glasgow with commitments
Australia and Fiji share all the dangers of climate change in the Pacific. Canberra now needs to follow the Fijian path of firm commitments in law.
Contributor
Politics
Palaszczuk offers incentive to businesses to exclude unvaccinated
The Queensland government will not mandate vaccination for staff or customers, but is offering early freedoms for companies that take it on before borders are fully opened on December 17.
Victoria expected to join NSW in scrapping quarantine
Victoria is expected to announce that it will follow NSW and scrap quarantine requirements for international arrivals.
Obeids, Macdonald jailed over $100m coal scheme
Twelve years after The Australian Financial Review revealed Eddie Obeid’s coal windfall, he faces at least another three years prison.
RBA dodges $30b government top up for bond risks
The Reserve Bank has overhauled its capital rules to avoid an awkward request to the government for almost $30 billion to cover risks associated with its bond-buying stimulus.
Porter may still face scrutiny over secret donations
Liberal MPs including Treasurer Josh Frydenberg say clarity on the rules about secret donors is needed.
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World
- Analysis
- China relations
Xi’s Glasgow no-show a metaphor for China’s carbon challenge
An order this week for coal mines to operate at full capacity highlights the challenges for Xi Jinping in meeting carbon emissions targets.
Wage pressures now inflationary flashpoint in developed economies
Emboldened by staff shortages, rising energy prices and living costs, employees are increasingly butting heads with their employers over salaries.
- Analysis
- US politics
Meet Joe Manchin, America’s Joel Fitzgibbon on steroids
Coming from coal country and sometimes a thorn in their parties’ sides, Labor’s Joel Fitzgibbon and US Democrat Joe Manchin have a lot in common when it comes to climate change.
- Opinion
- Coronavirus pandemic
The vaccine system is broken – but COVID-19 shows us how to fix it
Rather than throwing money around in a crisis, governments and multilateral groups should make it more profitable for companies to tackle developing country and rare diseases all the time.
Britain snaps up antiviral drugs as NHS sounds COVID-19 alarm
The UK has bought 730,000 doses of the new antivirals, doubling down on medical solutions rather than new lockdown measures urged by health officials.
Property
Hong Kong player buys into Roselands as mall deals mount
The half stake changes hands amid an upswing in shopping mall transactions as major investors take heart from the reopening under way in Sydney and slated for Friday in Melbourne.
Green buildings worth more to investors
New research shows a clear correlation between higher sale prices and higher green ratings in the office markets of Sydney and Melbourne.
Mirvac says apartment demand is picking up
The country’s largest listed developer of residential, commercial and industrial property sold a record 902 housing lots in the first quarter.
Melbourne drives industrial leasing to new high as rents surge
Melbourne, the country’s most locked-down capital city, has accounted for more than half of the record volume of industrial leasing deals this year.
Alice Springs outback icon set for $100m revamp
Sam Arnaout’s Iris Capital will build a new hotel at Lasseters Hotel Casino as part of plans to create an international resort destination in the outback.
Wealth
ATO targets pandemic jobs on the side
Have you developed a side hustle to generate extra income during the lockdown? Watch out for the taxman.
- Opinion
- Aged care
Best ways to navigate aged care at home
Rather than outsourcing a care package, it can be simpler and cheaper to run it yourself.
How to rethink wealth creation (and opportunity)
Mariana Mazzucato says narrow objectives such as how to commercialise university research are like sex - if you want it too much, it won’t happen.
Technology
Crypto experts praise Bragg tech report, sceptical of delivery
The Bragg report into crypto has lit a fire underneath the industry, but experts are wary of when it can be delivered.
Trump to regain media presence with new company and social platform
The former US president has announced a deal that will give him a social media platform after he was kicked off Twitter and Facebook platforms.
- Opinion
- Opinion
The new Apple Watch is really annoying - and that’s a good thing
We often find ourselves at the mercy of too many screens - but Apple’s new Series 7 Watch could be the answer to this problem.
Work & Careers
Fran Kelly quits ABC’s RN Breakfast after 17 years
The ABC Radio presenter will leave the national broadcaster’s morning spot in December, saying, ‘Breakfast is a hard taskmaster – 17 years of early mornings is tough.’
Life & Luxury
Two EY consultants are rowing 5000km in a boat with no loo
Their biggest challenge is not being friends at the end of this, say the crew risking life and sanity to raise funds for mental health in a mad Atlantic dash.
Death of live shows costs $1.4b, but streaming booms
Restrictions on live performances stripped $1.4 billion from the industry in 2020, with worse to come for 2021, but an uptick in streaming was a small consolation.
Your old Mickey Mouse watch is all grown up (again)
How to explain the plethora of tourbillon and other upscale models brands are relying on to win over wallets? Those time-honoured factors, prowess and profit.
- Opinion
- Air travel
Ready for departure? Not so fast, says today’s thinking traveller
As you prepare to make up for lost time once you’re vaccinated and set loose, the travel-for-leisure industry will once again face the issue of climate change.
The big-impact books that matter most to this NGO founder
Sometimes Adara Group founder and chair Audette Exel reads all night, and often all weekend – especially in lockdown.
