RBA warns of ‘faddish’ crypto crash
The value of $US2.6 trillion in cryptocurrencies could crash when central banks decide to assert control over their monetary systems, the Reserve Bank has warned.
- Opinion
- Coronavirus pandemic
Andrews is not fooling anyone with his ‘great day’
Daniel Andrews was blindsided by the belated conversion to democracy of rebel MP Adem Somyurek, but offered a new “freedom day” to switch Victorians’ focus.
Slowing migration to boost wages is bad economics: business
Business leaders say migration does not hurt wage growth and will boost productivity.
- Live
- Need to Know
Germany shatters record as new infections soar
Germany’s disease control agency, the Robert Koch Institute, reported 65,371 new daily cases; Astrazeneca highlights antibody drug cocktail. Follow updates here.
- Opinion
- Canberra Observed
This election could be a choice between plane food and train food
Scott Morrison has borrowed from the playbook of John Howard as two very small targets prepare to face off in next year’s federal election.
Push on for 3pc annual wages growth
Employers have warned against increasing salary bills based on pandemic price pressures and want to see productivity gains before accepting union demands.
MinRes will ‘probably’ demerge lithium: Ellison
Rich Lister Chris Ellison has cut iron ore exports, flagged a future demerger of his lithium business and revealed his wife has bought an electric Ferrari.
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Companies
Ellison says MinRes will ‘probably’ demerge lithium
Rich Lister Chris Ellison has cut iron ore exports, flagged a future demerger of his lithium business and revealed his wife has bought an electric Ferrari.
- Opinion
- Cryptocurrencies
Central banks fret over crypto risks, but see opportunities
Speculators were put on notice that central banks want to wield power over crypto, but limitations on their ability to control it will force them to join it.
- Exclusive
- Mergers & acquisitions
Last-ditch challenge to Woodside’s $16.5b LNG project
The Conservation Council of Western Australia says Scarborough LNG could contravene federal environmental protection laws.
Wanted: 3500 staff as skills shortage hits Qld tourism industry
Increased skilled migrants would help solve some of the staff shortages facing tourism, construction and hospitality sectors after the COVID-19 pandemic.
Turnbull would have been ‘unconcerned’ if son took Pengana shares
Former prime minister Malcolm Turnbull says he was not worried about any political sensitivities relating to connections between a company owned by his children and Pengana Capital.
RBA warns of ‘faddish’ crypto crash
The value of $US2.6 trillion in cryptocurrencies could crash when central banks decide to assert control over their monetary systems, the Reserve Bank has warned.
Freedom Foods sheds name and rocky past
The UHT milk and plant-based drinks maker held its AGM on Thursday when a largely refreshed board survived a spill motion.
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Markets
- Analysis
- Renewables
Pandemic debt adds to challenge of funding world’s climate goals
The Glasgow climate talks produced some new pledges by countries to reduce carbon emissions, but left many questions about how commitments will be financed.
RBA warns of ‘faddish’ crypto crash
The value of $US2.6 trillion in cryptocurrencies could crash when central banks decide to assert control over their monetary systems, the Reserve Bank has warned.
ASX edges up as banks dumped anew by nervous shareholders
The sharemarket posted a mixed day amid a slew of AGM, trading, and acquisition updates framed by another day of selling from nervous bank investors.
Why this fundie is bullish on Tyro and bearish on AGL
Bennelong’s Kristiaan Rehder explains why he thinks Tyro Payments is oversold, lithium is the superior commodity, and the fund’s short position in AGL.
Inflation outlook lifts NZ dollar ahead of policy meeting
The New Zealand dollar bounced on Thursday after elevated inflation expectations backed the chance of a steep increase in the cash rate next week.
Opinion
This election could be a choice between plane food and train food
Scott Morrison has borrowed from the playbook of John Howard as two very small targets prepare to face off in next year’s federal election.
Political editor
Andrews’ smile can’t mask Victoria’s division
Victorian Premier Daniel Andrews was all smiles on Thursday but his good news couldn’t mask the division in the state.
BOSS Deputy editor
Andrews is not fooling anyone with his ‘great day’
Daniel Andrews was blindsided by the belated conversion to democracy of rebel MP Adem Somyurek, but offered a new “freedom day” to switch Victorians’ focus.
Columnist
Carbon taxes, real or false, are not going to get the job done
The idea is to cut the cost of clean energy, not make everything else more expensive. There are global breakthroughs when the challenge of unique national circumstances is acknowledged.
Contributor
Are pension funds going all in, or all out?
Pension funds are the biggest players in financial markets. But there’s genuine confusion about whether they are swinging for the fences in trying to hit their targets.
Senior reporter
It’s hard to write rules about religion
Playing electoral politics with religious freedoms will be a lot easier than actually legislating something on them.
Columnist
Politics
Senate chaos casts doubt over federal ICAC legislation
The government may abandon or delay plans to introduce legislation for a federal anti-corruption commission.
PM accused of anti-vaxxer dog whistle
Scott Morrison has been accused of dog whistling to anti-vaxxers after he took issue with Queensland’s strict vaccine mandate for venues.
Victoria embraces the ‘ping’ economy
Victoria has dropped almost all public health restrictions and will rely on people testing if they are pinged by the Service Victoria app.
Slowing migration to boost wages is bad economics, says business
Business leaders say migration does not hurt wage growth and will boost productivity.
- Opinion
- Coronavirus pandemic
Andrews’ smile can’t mask Victoria’s division
Victorian Premier Daniel Andrews was all smiles on Thursday but his good news couldn’t mask the division in the state, writes Patrick Durkin.
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World
Virus no worse than flu by mid-2022: Bill Gates
COVID-19 disease and death rates should be lower than the flu by the middle of next year, the medical philanthropist says.
Modi warns on weaponisation of technology
Indian PM says the modern era is poised between whether technological will be used by “vested interests” to coerce other nations.
Biden demands probe of ‘potentially illegal conduct’ in oil sector
The President’s intervention comes as he faces mounting political pressure over rising fuel prices and surging inflation.
Biden likely to make decision on Fed boss before Thanksgiving
The US President has been weighing whether to keep Federal Reserve chairman Jerome Powell for a second term or promote Fed governor Lael Brainard to the post.
US union boss urges Australian workers to strike while iron is hot
The president of one of America’s most powerful unions says more strike action and wages rises are on the way.
Property
House price growth to slow before falling in 2023
House price growth is expected to moderate to 6 per cent nationally next year before falling by 4 per cent in 2023, according to the ANZ.
Name and shame underquoters, real estate agency boss says
The NSW real estate industry wants the newly appointed Property Services Commissioner to strengthen the arm of the consumer watchdog.
Investors vote against Goodman’s ‘excessive’ pay plan for execs
Logistics giant Goodman Group failed to sway shareholders on the merits of its new long-term incentive plan, after suffering a first strike on its remuneration policy.
WhatsApp messages reveal how Grocon was kept in the dark
Infrastructure NSW’s Tim Roberson chose not to tell Daniel Grollo about the progress of its negotiations over crucial “sight lines” at Central Barangaroo.
Boost Juice founder sells ‘Mad Max’ house for a record $10m
Janine Allis’ former beach shack now stands as one of the Surf Coast’s unique mansions and featured in George Miller’s seminal 1979 movie. Take a look inside.
Wealth
As the older get richer, young people pay the price
Today’s younger households are underwriting the living standards of older Australians to a much greater degree than before.
- Opinion
- Flat Chat
Why your strata manager doesn’t want to share everyone’s email address
When information is key to decision-making, lack of communication with other owners can cost you dearly.
Do I have to take $171,000 pension payout this year?
Because super pension payments increase as you age, it’s important to be aware of what this means.
Technology
- Exclusive
- Funding
Airwallex value jumps $2b in two months after raising $137m
Less than two months after a major funding round saw its valuation soar above $5 billion, the Aussie fintech has drawn a big new deal.
Amazon’s vast robotic warehouse nearly ready
The 200,000-square-metre site in western Sydney is as large as 24 NRL pitches and will create more than 1500 local jobs alongside advanced robotics.
Apple will sell parts, tools to customers to fix their devices
The Self Service Repair program will only be available in the US starting early next year, but will expand to more countries throughout 2022.
Work & Careers
McKinsey consultant moves to venture capital firm
Jun Qu is now working at Main Sequence, the venture capital firm founded by the CSIRO.
Wanted: 3500 staff in Qld tourism industry as skills shortages bite
Increased skilled migrants would help solve some of the staff shortages facing tourism, construction and hospitality sectors after the COVID-19 pandemic.
Life & Luxury
New Volvo could give Tesla’s Model 3 a run for its money
First impressions are favourable for the fully electric Polestar 2: it’s handsome, nippy and certainly more luxurious than the Tesla.
The women behind some of the best designs of modern times
It’s overdue, but females past and present are gaining some credit for their often overlooked contribution to the creative industries.
- Exclusive
- Saleroom
NAB to sell 2500-work corporate art collection
The bank expects to make $10 million from its vast collection of mainly 1970s Australian art and will put the money into climate resilience programs.
Art buyers just can’t get enough of Clarice Beckett
The new appreciation - and valuation - of Australian women artists continues apace, with nine new auction records.
How to clean your AirPods to remove earwax and improve audio quality
To get Apple’s earbuds back in good condition, you’ll need water, alcohol, a cloth, and a fine-edged tool such as a toothpick.
