Voters reject Indigenous Voice in heavy defeat
The future of Indigenous reconciliation in Australia looks uncertain after a stronger than expected rout in Saturday’s referendum.
- Opinion
- Voice to parliament
Albanese seeks virtue in crushing defeat
The consequences of Saturday’s result will go far beyond shattering the hopes of Indigenous leaders, writes Phillip Coorey.
Voice rejected but ‘it will not divide us’: PM
Peter Dutton said the defeat of the Voice to parliament referendum is “good for our country”. Anthony Albanese accepted the defeat after Australians resoundingly voted No. How the day unfolded.
- Updated
- World elections
‘New Zealanders have chosen change.’ Luxon is new Prime Minister
With almost 95 per cent of votes counted on Saturday night, the centre-right National Party was poised to form a coalition government after winning close to 40 per cent of the primary party vote.
- Updated
- Israeli-Palestinian conflict
Palestinians stream south in Gaza as Israel stages brief incursions
Israeli troops have mounted raids to gather information on the location of hostages, the first official account of ground troops in Gaza since the crisis began.
Australia cancels evacuation flight outs of Israel
Foreign Minister Penny Wong says the government has helped 850 Australians leave Israel, Gaza and the West Bank. It is in touch with another 1500, some of whom may stay.
Who will survive the Qantas board shake-up?
As the search for a new chairman gathers speed, Vanessa Hudson will have her work cut out for her restoring the airline’s performance.
The Legal Brief: Inside the industry’s biggest news, firms, cases, and personalities, delivered to your inbox every Friday.
Edition
Fin Magazine - Summer 2023
Read about Mud Australia porcelain, textile artist Sheila Hicks, Flamingo Estate’s new Moroccan rugs collab and more inside Fin Magazine’s final issue of 2023.
ISRAEL-GAZA CONFLICT
Uncertainty, fear, relief: Fleeing Aussies reach London
The first Qantas evacuation flight carried 238 Australians from Tel Aviv to London. All were relieved, but many were also “heavy-hearted”.
China’s stance rankles Israel
The superpower’s reluctance to condemn Hamas has angered Israel and hurt Beijing’s efforts to be seen as an alternative peacemaker throughout the region.
Gandel: Israel has ‘no choice’ but to hammer Gaza
Property billionaire John Gandel is worried that public support for Israel will decline in Australia as retaliation against Hamas gains pace.
‘Get out now’, Wong tells those wishing to leave Israel
The government is working with Egypt and Israel to try to secure the passage out of Gaza of at least 19 Australian citizens.
- Opinion
- The AFR View
Age-old disputes must not deter quest for peace
The horrific attacks of last Saturday are a terrible new marker in Jewish history, but the long-term goal must remain a peaceful Middle East that serves all its inhabitants.
THE VOICE REFERENDUM
The nine moments that defined the Voice vote
From the high of Anthony Albanese’s election night victory speech to the lows of toxic politics and disinformation, these moments shaped Australia’s referendum choice.
- Analysis
- Voice to parliament
The inside story of the Voice campaign
Indigenous leaders such as Megan Davis have been on the hustings for six years and are now facing the prospect of a heavy defeat on Saturday.
- Opinion
- Voice to parliament
The referendum takes me back to a grim moment 30 years ago
A No vote will change the way we see ourselves, and send the most unloving of messages to Indigenous Australians, writes Laura Tingle.
- Opinion
- Voice to parliament
Don’t be surprised if ethnic communities vote No
If polls are correct about the triumph of the No vote, expect large numbers of multicultural voters to be part of the revolt against establishment bodies.
Yes campaign missed an opportunity with Chinese-Australians
Prominent Chinese-Australians say members of their community are more likely to trust local leaders than politicians, and the Yes campaign could have done much better in the referendum.
Carbon Challenge | Essential news and analysis for business and investors about Australia’s critical economic transition.
Companies
Out with the old: who will survive the Qantas board shake-up?
As the search for a new chairman gathers speed, Vanessa Hudson will have her work cut out for her restoring the airline’s performance.
Albemarle stares down barrel of Gina Rinehart shotgun wedding
Where to now from New York-listed Albemarle in $6.6 billion pursuit of lithium play Liontown Resources?
ANZ breached disclosure laws in $3b capital raising
ANZ breached its continous disclosure obligations when it did not disclose that underwriters had filled a $790 million shortfall, the Federal Court found.
CGI Glass Lewis advises against Wavish joining Endeavour board
The proxy firm was critical of Mr Wavish’s previous directorships at Myer and Dick Smith, and also believes that performance issues for the owner of Dan Murphy’s are short-term.
Billionaire’s buyout offer for Pact labelled too cheap
Independent directors say Raphael Geminder’s offer is opportunistic, with the shares, valued between $1.06 and $1.51, being well under a 68¢ a share bid.
How crypto is forcing banks, funds towards new digital asset markets
The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?
- Exclusive
- Business of sport
Matildas success prompts World Cup rights deal
The FIFA Women’s World Cup was a major success for Football Australia. Now, they’re betting on the Matildas to generate a record broadcast deal.
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Markets
US stocks close mostly lower, oil surges, gold rallies
The S&P 500 and Nasdaq each slid, as concerns mounted ahead of a potential ground invasion of Gaza by Israeli forces. The volatility index leapt.
El-Erian says wild bond market moves show loss of anchors
The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.
Morgan Stanley’s Wilson sees US stocks on ‘boom-bust-boom’ path
The prominent Wall Street equity bear’s target for the S&P 500 Index implies about a 10 per cent drop through the end of December.
Hot US inflation hits $A, lifting chance of RBA rate rise
The Aussie is trading near an 11-month low after US consumer prices rose more than expected overnight, strengthening the case of high rates for longer.
ASX closes lower after hot US CPI, snaps week-long winning streak
Shares end lower, following New York. US dollar strengthens as bond yields fall. Pact Group shareholders urged to reject billionaire Geminder’s buyout plans.
Opinion
Albanese seeks virtue in crushing defeat, Dutton has a good night
The consequences of Saturday’s result will go far beyond shattering the hopes of Indigenous leaders.
Political editor
Age-old disputes must not deter quest for peace
The horrific attacks of last Saturday are a terrible new marker in Jewish history, but the long-term goal must remain a peaceful Middle East that serves all its inhabitants.
Editorial
Don’t be surprised if ethnic communities vote No
If polls are correct about the triumph of the No vote, expect large numbers of multicultural voters to be part of the revolt against establishment bodies.
Columnist
A referendum tragedy that didn’t need to happen
Brexit-style recriminations in the divisive aftermath of the Yes vote failing would not be in the interests of heartbroken Indigenous Australians.
Editorial
Israeli leadership stands at the edge of the abyss
Hamas’ chief motive was likely to carry out an operation so awful that it will inspire a hammer blow of revenge. The world awaits Israel’s response.
International Editor
I was a hostage in Iran. This is how to curb Middle East terror
It is long overdue that Australia and its Western allies demonstrate solidarity with the people of both Iran and Israel and list Iran’s IRGC as a terrorist organisation.
Political scientist
Reports
ESG Investing
The latest special report in our Wealth series looks at ethical options in superannuation, ETFs and managed funds.
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China-Australia relationship improving, ambassador tells Vic Premier
China’s ambassador to Australia has told Victorian Premier Jacinta Allan the bilateral relationship is on the mend.
Loan discounts disappear as banks reach mortgage war ceasefire
Interest rates on new home loans have reached their highest level in more than a decade as major banks reach a ceasefire in the mortgage wars.
Vic Games costs were based on ‘Gold Coast in 2018, plus inflation’
Visit Victoria boss Brendan McClements has claimed that cancelling the Commonwealth Games actually boosted interest in the state.
- Exclusive
- Voice to parliament
Yes vote in need of a miracle, poll shows
Anthony Albanese has drawn on the horror in Israel to urge voters to show there is still capacity for kindness.
It’s finally time to decide on the Voice
A long fight for the Uluru Statement from the Heart will live or die when millions of Australians cast their vote. Polls suggest most people will vote against it.
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World
New Zealand PM issues warning over ‘coalition of chaos’
Chris Hipkins’ Labour Party is likely to lose the election on Saturday after he took over from Jacinda Ardern who resigned in January.
Scalise quits US Speaker race after Trump jibes
The Republican legislator failed to get enough votes to secure an overall majority in the chamber, leaving Congress in chaos again.
Why voters are fed up in New Zealand
Support is set to swell for minor parties at the election on Saturday. Pundits say exasperation with Labour and a distrust of National are at the heart of the discontent.
Rudd slams ‘crazy’ US red tape slowing AUKUS
The ambassador to the US, Kevin Rudd, has criticised America stalling on easing export rules crucial for progress of delivering Australia nuclear submarines.
Andrew Forrest, motorsports mogul, revs up his British business
The Fortescue boss is using the intense competition of motor-racing to drive technical innovation at his mines. Just don’t expect to see him trackside.
Property
- Exclusive
- Luxury property
‘Best property on the east coast’ smashes sale record
Coastal enclave Lennox Head on NSW’s far north coast has clocked a record sale following the circa $17.5 million sale of a large oceanside property.
- Exclusive
- Luxury property
‘Pieces of art’: Power couple to sell historic Brisbane home
Brisbane couple Steve and Jane Wilson have listed their luxury family estate in Highgate Hill ahead of their move into Kangaroo Point’s iconic Lamb House.
Sydney’s new $1b hotel starts at $700 a room, with (Darling) harbour views
The largest W hotel in the world also has a 30-metre open-air infinity pool, a 2am desert bar and a distinctive curved building.
Singaporean plans exclusive Gold Coast luxury apartments
The executive chairman of Oxley Holdings has led major projects from London to China. His boutique apartment project on the Gold Coast will be much more personal.
Marriott opens world’s biggest W Hotel in Sydney
It took three builders to complete it, but Marriott has finally cut the ribbon on the 588-room W Sydney at Darling Harbour.
Wealth
What a $3m retirement looks like in Australia
Whether it’s lavish overseas holidays with the family, or more modest travel destinations closer to home, there are retirement plans to suit every budget.
‘Billion dollar ticking bomb’ for SMSFs buying bitcoin
Crypto’s explosion in popularity has seen SMSF investors buy Bitcoin and Ethereum but some exchanges do not give investors formal custody.
- Opinion
- SMSFs
Super to maintain mantle as ‘preferred’ investment vehicle: KPMG
Plans to impose extra tax on super balances over $3 million may not prompt the wholesale revamp of investments that some have suggested, writes Julie Dolan.
Technology
Microsoft closes $109b Activision Blizzard deal after UK nod
The deal was the biggest test of the British regulatory authority’s global power to take on the tech giants since Britain left the European Union.
Bedrooms become bomb shelters as VCs do deals amid destruction
With colleagues on the frontline and international deals on the line, Israel-based VCs such as Ben Weiss are leading double lives.
Atlassian to buy US video messaging service for $1.5b
The software giant has used almost half of its cash balance to buy video messaging platform Loom in a $US975 million deal.
Work & Careers
- Exclusive
- Productivity
How Slack is costing you time, and your boss money
The average Australian knowledge worker loses 166 hours of focus time each year to unproductive work-related chat messages, according to a study by Economist Impact.
Australia’s most powerful directors revealed
As AGM season kicks off, the BOSS index of the country’s most influential board members reveals the era of the all-dominating chairman may be coming to an end.
Life & Luxury
- Australia 0 - 1 England
- Friendlies
Brave Socceroos succumb against England at Wembley
The Socceroos punched well above their weight on their landmark first visit to Wembley Stadium, but still eventually got knocked out by the England heavyweights’ extra sheen of quality.
The Australian brand loved by Gwyneth, Nigella and David Chang
After nearly three decades of building her porcelain homewares business Mud Australia into a globally recognised brand, Shelley Simpson still loves pottering around.
Sydney’s new $1b hotel starts at $700 a room, with harbour views
The largest W hotel in the world also has a 30-metre open-air infinity pool, a 2am desert bar and a distinctive curved building.
TV realtor wants party to remember but not ’til she’s 105
Monika Tu is the owner of Black Diamondz luxury property concierge and appears on Luxe Listings Sydney. She wants to go out in serious style.
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Have you been paying attention this week? Test your knowledge across politics, business and world news.
