Australia Decides
Full election results
Drop the trade bans and we’ll talk, Albanese tells China
Beijing should dump its tariffs on Australian exports if it is serious about mending relations with Canberra, Anthony Albanese has suggested.
- Live
- Federal election
Ousted MP blames ‘almost visceral’ dislike of Morrison
WATCH LIVE: Anthony Albanese to speak from Japan; Peter Dutton expected to stand unopposed for Liberal leadership; Dave Sharma says “almost visceral” dislike of Scott Morrison was behind Wentworth loss. Follow updates.
- Live
- Markets Live
ASX to rise, Nasdaq dips; RBNZ ahead
Australian shares to open a touch higher; Snap dive weighs on Wall Street; Worley wins US contract; Fisher & Paykel withholds guidance; $A back above US71c; RBNZ ahead; bond yields and oil down, gas up.
- Opinion
- Foreign relations
Albanese’s political skills should serve him well in foreign affairs
Less than a week ago, Anthony Albanese was shaking hands with warehouse workers. Now look at him.
15 killed in Texas school shooting
Fourteen students and one teacher were killed by the gunman, who was believed to have been killed by responding police officers.
Australia gets its second shot at being a tech nation
Prime Minister Anthony Albanese is likely to get a far more enthusiastic response for his nationwide digital transformation efforts than Malcolm Turnbull did.
Landmark global tax deal delayed, Cormann admits
The OECD boss says he is still quietly hopeful about the 136-country pact to stop governments cutting their corporate rate below 15 per cent.
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Companies
Surging gas prices raise fears of energy crisis
A doubling in wholesale gas prices after electricity prices that have risen five-fold have triggered fears of an energy price crisis similar to Europe’s and warnings the new government will fall short of targeted price reductions.
Australian rules needed to help finance energy transition
RIAA says the government must put policy in place to unlock more sustainable finance to achieve its commitments on climate change, infrastructure projects and affordable housing.
Star’s O’Neill briefed select investors, ‘hoped’ it helped share price
John O’Neill also told the inquiry Star’s board approved two allegedly misleading ASX statements because it was under ‘stress’ to comment as ‘there had been a lot of negative publicity [and] the share price was under pressure’.
Cimic to name Pedro Vicente as next CEO
Australia’s biggest construction group will appoint another Spaniard as its next chief executive officer.
Home building faces a ‘shallow’ 20 per cent decline
Even as higher rates and affordability cut demand for houses, the boom will level out above previous troughs, an industry group says in its latest forecasts.
ASIC wants brokers to avoid pitfalls of overly complex advice laws
The ASIC chairman also told a Stockbrokers and Investment Advisers Association event the regulator would crack down to enforce new product design and distribution duties.
- Opinion
- Chanticleer
The ASX’s new ‘infrastructure’ giant is also a takeover target
History says The Lottery Corporation will be attractive to the big private capital players who love infrastructure-like businesses.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
An $85b crypto collapse reveals a new kind of bank run
Terra’s coins were supposed to be the future of money. But they relied on confidence, which can vanish in an instant.
Here’s what happened in markets overnight
Australian shares are set to open up, in contrast to more selling in New York. Snap plunges 41 per cent, taking tech still lower. Bitcoin steady. $A edges lower.
Social media stocks plummet $233b on Snap warning
Shares in digital ad-dependent Snap tumbled as much as 40 per cent, their biggest intraday decline ever.
- Opinion
- Federal election
Climate, housing, social policies will define Labor’s success
Anthony Albanese has a mandate to change the country – Australia needs more than another do-nothing government that shirks major reform.
Virtus twist coming as shares cross at $8.15, BGH to increase bid
A big day for Melbourne buyout firm BGH Capital looks like it could be about to get even bigger.
Opinion
Albanese stands tall in the Quad
Anthony Albanese couldn’t have hoped for a better opening to his prime ministership as he met fellow world leaders in the Quad.
Columnist
Abandoning classical liberalism turns the heartland teal
It is time real Liberals stopped listening to those bastardising their party’s philosophy to shroud Luddite attitudes towards progress and veil naked bigotry.
Contributor
Albanese ticks all the boxes at Quad but China remains a challenge
The PM got an early taste of the competing pressures he faces in framing Australian China policy. As Beijing extends another olive branch, Washington toughens up.
Historian
Climate policy must not be blown off course once again
Both political and economic integrity demand that Labor sticks to its climate mandate. But the government must start detailing how it will get there.
Editorial
The Liberal Party lost by standing for nothing
Rather than pander to a loud and privileged elite in teal seats, the Liberal Party must start asking itself what it believes in and seeking support for policies that reflect those beliefs.
Columnist
This teal independent wants tax reform
The Labor government needs to come up with a package of reforms and a clear time frame to address the twin challenges of productivity and sustainability.
Contributor
Politics
Barnett ‘right on’ Scarborough tanking Labor’s 2030 goal, says Bandt
Adam Bandt indicated that opening new gas and coal investments like WA’s Scarborough, the NT’s Beetaloo and Santo’s NSW project are red lines for the Greens.
Dutton and Ley on track to lead Liberals
Former home affairs minister Karen Andrews has ruled herself out of the race to become deputy Liberal leader, endorsing former environment minister Sussan Ley.
Worker moves hit decade high as labour pool shrinks
Almost one in 10 workers changed jobs last year as Australia’s tight labour market sparked what has been dubbed a great reshuffle.
- Analysis
- Foreign relations
Albanese ticks all the boxes at Quad but China remains a challenge
The PM got an early taste of the competing pressures he faces in framing Australian China policy. As Beijing extends another olive branch, Washington toughens up.
Japan’s PM flags closer co-operation with Australia in the Pacific
Fumio Kishida says he wants to deepen security ties with the new Albanese government but has no plans to join AUKUS.
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World
China’s foreign minister to tour the Pacific this week
The trip will alarm the new Albanese government as it seeks to give more foreign policy priority to the region and do more to help poorer island nations combat climate change.
Freedom is more important than free trade, says NATO chief
Jens Stoltenberg says economic dependency on China and Russia undermines Western countries, leaving them vulnerable. But non-Western countries disagree.
Hungary’s Orban declares state of emergency
Prime Minister Viktor Orban, who won a landslide election last month, amended Hungary’s constitution to make way for new emergency powers.
Goldman employee’s suspected killer surrenders
Andrew Abdullah, 25, is in custody, the New York Police Department said in a tweet. He was wanted for the shooting of Daniel Enriquez on a subway train.
Quad leaders slam Russian invasion in warning to China
Australia, the United States, Japan and India sent their strongest signal so far that a Ukraine-style war in Asia will not be tolerated.
Property
Home building faces a ‘shallow’ 20 per cent decline
Even as higher rates and affordability cut demand for houses, the boom will level out above previous troughs, an industry group says in its latest forecasts.
Creating an experience key to Sydney CBD future, says planning boss
Head planner sees potential long-term benefits from pandemic lockdowns as the city’s central business district starts to bounce back.
$500m Melbourne shopping plaza redevelopment gets go ahead
Developer Time & Place’s redevelopment of the Northcote Plaza shopping centre will include over 600 apartments across four towers.
He used to work for the Pratts. Now he’s a fellow billionaire
It took patience, a passion for property and a lot of petrol-pumping for Melbourne entrepreneur Nick Andrianakos to rise to the Financial Review Rich List.
Vicinity’s $700m plan to add office, apartment towers to mall
The Box Hill project is just one of a series of development initiatives across its 60-mall portfolio as Vicinity looks to exploit its well-located swathes of suburban real estate.
Wealth
Watch out for SuperStream complexity when shutting down your SMSF
Concerned by the extra responsibilities of this ATO-administered government reform? This is what you need to know.
- Opinion
- Australian recession
When it comes to risk of a global recession, ‘3’ is the magic number
Just as 3 per cent is a critical growth threshold, there are also three critical risks on the horizon in the US, Europe and China.
- Opinion
- Sharemarket
Dangerous to buy the dip on growth stocks
Over the last decade growth stocks have quickly bounced back after a setback. But what might be different this time is the outlook for inflation.
Technology
Start-up valuations under pressure, good VCs still have dry powder
Start-up valuations are under pressure amid a public market tech sell-off, but a panel of venture capitalists has argued the turbulent public markets pose an opportunity for those investors who didn’t succumb to the market FOMO.
Airbnb gives up on China in shift to outbound travel
The San Francisco-based company will stop offering rental homes and experiences in the country which is continuing its aggressive COVID-zero approach.
- Exclusive
- Funding
Farquhar’s Skip Capital leads $20m start-up raise
The Atlassian co-founder’s investment fund has backed critical infrastructure digital twin Neara as demand surges after a number of worsening natural disasters.
Work & Careers
School-leavers put passion before jobs when choosing what to study
Do what interests you is the mantra 18-year-olds listen to when deciding what to study at university.
Unions erect barriers to business calls for immigration ramp-up
The income threshold for temporary skilled visa workers, frozen at $53,900 for almost a decade under the Coalition, is set to be a key battleground in the upcoming jobs summit.
Life & Luxury
What drives up your cholesterol really?
Researchers say you should avoid boiled or plunger coffee because it raises your levels more than other kinds. But should you blame the biscuit instead?
It’s act two for an engineering icon long eclipsed by the Opera House
It’s been no simple task converting Walsh Bay’s post WW1 wharves into a high-tech arts precinct, but architect Peter Tonkin has pulled it off to applause.
- Exclusive
- Indigenous culture
Put Aboriginal art on your benchtop with Breville’s new range
A foray into Indigenous art could have been disastrous for the kitchen appliance maker. Instead, it is a cross-disciplinary and cross-cultural triumph.
How to master the pushup
Pushups are an almost universally known exercise, but getting the most out of them requires good technique. Here’s what you need to know.
Australian research offers clues as to why some babies die of SIDS
Scientists in Sydney have found that some babies at risk of sudden infant death syndrome, or SIDS, have low levels of an enzyme, paving the way for the possibility of a screening test.
