Trump, backed by Rinehart, dispatches Haley in South Carolina
Australia’s richest person Gina Rinehart backed Donald Trump to be the next US president as Nikki Haley vowed she would stay in the race despite losing her home state to the former president.
‘Time to get skates on’: Transition timeline faltering say energy CEOs
Energy CEOs are losing hope of reaching 2030 climate targets as policies to drive more renewables into the market still leave major stumbling blocks.
No easy fix on ASIC code of conduct breaches: Jones
Assistant Treasurer Stephen Jones hints a resolution to a “gap” in ASIC’s code of conduct processes is one of dozens of issues on Treasury’s agenda.
- Opinion
- The AFR View
University success starts with fixing school performance first
The Universities Accord social equity aspiration depends on students being ready to study at a higher level after year 12.
Sharemarket records to be tested by inflation pulse
Futures point to a flat start to the trading week for Australia’s S&P/ASX 200 as investors brace for earnings headlined by Coles, Woodside, Suncorp, and Harvey Norman.
Bright, poor students guaranteed a uni spot
Aspiring university students whose families earn less than $54,000 a year will be guaranteed a place in a degree if they meet admission benchmarks.
Barnaby Joyce to be diagnosed with a sleep disorder on live TV
The former Nationals leader has insomnia and sleep apnoea; plus: former Oz editor Chris Dore’s first target; Tabcorp open to its own free-to-air TV channel.
Breaking news on companies, politics and economics, in your inbox as it happens.
SMART INVESTOR
- Opinion
- Bonds
Macquarie secures record demand for bonds
Investors are retreating from illiquid assets in favour of high-yielding bank bonds.
We’ve spent $40,000 on IVF. I want to continue, but my partner wants to stop
No one’s doing fertility treatment because they want it, says psychologist Narelle Dickinson, so make time for compassionate conversations and be honest.
How high earners can claw back lost stage three tax cuts
Experts explain how to reclaim lost stage three tax cuts via extra superannuation contributions.
- Opinion
- Super Q&A
How to reduce tax on real estate profits in an SMSF
Carefully consider the tax implications of transferring real estate from an SMSF into your own name.
- Opinion
- SMSFs
Proof that SMSFs outperform when markets tank
SMSFs beat regular funds by 4.1 percentage points in the 2021-22 financial year.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
Broker pressures Seek to unlock VC fund’s $2.3b valuation
Analysts from Morgan Stanley argue the job classifieds site and VC investor should make major changes to maximise shareholders’ perception of its value.
- Analysis
- Due diligence
Telstra dials up cost cuts as big business puts it on hold
Almost a year into running the telco, chief executive Vicki Brady needs to quickly tackle poorly performing businesses before they become too much of a drag on profit.
Santos in talks with Sanjeev Gupta on Whyalla steelworks upgrade
The oil and gas group says an upgraded steelworks may become the first third-party domestic customer for its $335m carbon capture and storage project at Moomba.
- Opinion
- Chanticleer
From jousting sticks to selling boats online, eyeballs still rule
Carsales.com.au’s owner made a big bet in the United States. Now it has a new executive whose job it is to make it work.
Pro Medicus share price pause ‘a good entry point’
A $2.8 million share buyback has helped restore $1.2 billion of value to Pro Medicus. Despite its sky-high multiple, bulls think it has further to run.
Bookie bar fight: the feud driving racing enthusiasts out of pubs
The battle between Tabcorp and rival Entain, owner of Ladbrokes, has spilled over into NSW pubs, which are losing punters where the Sky Racing feed has been cut off.
Blackstone CEO Schwarzman collected $1.4b last year
Steve Schwarzman lived up to his reputation as a big earner, taking home $US896.7 million last year, including dividends.
Companies in the News
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Markets
Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
In his latest letter to shareholders, the legendary investor says there are only a handful of companies capable of moving the needle at Berkshire.
- Opinion
- Sharemarket
A powerful mechanism is at play that will propel equities higher
The surprise in the current reporting season is not that earnings are coming in better than expected, but that investors didn’t see it coming.
Traders braced for possible surprise NZ interest rate rise
There is a one-in-three chance the RBNZ could lift the cash rate on Wednesday to 5.75 per cent and the world is watching.
Blackstone CEO Schwarzman collected $1.4b last year
Steve Schwarzman lived up to his reputation as a big earner, taking home $US896.7 million last year, including dividends.
- Opinion
- Investing
Grand predictions of credit market distress confound the bears
The corporate debt markets are just as jubilant as sharemarkets. But will it stay that way if interest rates remain high, asks Johnathan Shapiro.
Opinion
University success starts with fixing school performance first
The Universities Accord social equity aspiration depends on students being ready to study at a higher level after year 12.
Editorial
The universities accord is like one giant déjà vu
The report has big ambitions. So did the 2008 Bradley review. They are not too dissimilar in scope and intent.
Education editor
Keating’s quaint defence of Australia doesn’t grasp regional power politics
Labor has put aside two absurd features of the Keating era: a defence policy designed to deal with direct invasion and the diminution of our US alliance.
Columnist
Universities accord report highlights funding shortage
If Australia is to have a world-class university system to sustain our standard of living in a highly competitive world, we are going to need to invest far more in it.
Vice-Chancellor
As Ukraine’s stocks fall, stakes get higher
Two years after Vladimir Putin’s brutal invasion began, it’s not just about whether Ukraine can avoid defeat but whether Europe can defend itself
Editorial
The sad reality is that Ukraine is outgunned and outmanned
Strategic analysts were adamant either that Ukraine would fall or Russia would buckle. Two years later, neither has happened.
International editor
Reports
Top 100 Graduate Employers 2024
This series of articles explores the trends, insights and opportunities in the workplace for both graduates and employers.
Politics
Bright, poor students guaranteed a uni spot
Aspiring university students whose families earn less than $54,000 a year will be guaranteed a place in a degree if they meet admission benchmarks.
- Opinion
- University
The universities accord is like one giant déjà vu
The report has big ambitions. So did the 2008 Bradley review. They are not too dissimilar in scope and intent.
No easy fix on ASIC code of conduct breaches: Jones
Assistant Treasurer Stephen Jones hints a resolution to a “gap” in ASIC’s code of conduct processes is one of dozens of issues on Treasury’s agenda.
Marles rips into defence ‘culture’
Defence Minister Richard Marles has sharpened criticisms of his own department, arguing there are “issues of culture” which need challenging.
- Exclusive
- Tax disputes
Atlassian pays $92m tax bill after years of ATO talks
The software developer has struck a transfer pricing agreement with the Tax Office and has agreed to retain intellectual property in Australia that it will pay future tax on.
SPONSORED
World
Trump, backed by Rinehart, dispatches Haley in South Carolina
Australia’s richest person Gina Rinehart backed Donald Trump to be the next US president as Nikki Haley vowed she would stay in the race despite losing her home state to the former president.
- Analysis
- Trade wars
In the shadow of Trump: how the WTO has reached the last-chance saloon
A summit of up to 164 ministers in Abu Dhabi aims to rebuild confidence and capability at the global trade umpire before a new Trump administration starts another trade war.
Israel mulls hostage deal as Netanyahu plans ‘action’ in Rafah
Israel’s war cabinet discuss the framework of a potential new deal to free hostages held in Gaza, Israeli Prime Minister Benjamin Netanyahu says
- Opinion
- Russia-Ukraine war
The sad reality is that Ukraine is outgunned and outmanned
Strategic analysts were adamant either that Ukraine would fall or Russia would buckle. Two years later, neither has happened.
US, allies escalate strikes on Houthi targets after attack surge
The US, UK and partners hit 18 Houthi sites and eight locations as Pentagon warns of further action.
Property
Unrenovated Sydney terrace beats reserve by $1.5m
A Paddington terrace sold for $9m on a weekend when auction clearance rates were weaker amid a surge in listings, indicating more properties on offer than buyers.
ANZ downgrades house price forecast for Sydney, Melbourne
Growth in the country’s biggest housing markets has slowed showing higher interest rates have hit harder than expected.
- Exclusive
- Luxury property
How Elwood’s record-breaking $17m house has links with van Gogh
The founder of immersive digital art exhibition juggernaut Grande Experiences, Bruce Peterson, and his wife Karyn are moving from nearby Brighton.
- Exclusive
- Luxury property
Point Piper family to sell $65m harbour-view mansion
Retail Apparel Group co-founder Stephen Leibowitz and his wife Pam have listed their Wolseley Road home of two decades before a Double Bay move.
- Exclusive
- Working from home
AirTrunk’s new HQ and the secret to keeping staff
AirTrunk has opened its new global headquarters without an office mandate, confident its company culture – and workplace design – will be persuasive enough.
Wealth
10 big ideas in the universities accord
From doubling the numbers of students to a ‘Robin Hood’ tax on rich institutions: Here are some of the biggest recommendations in the universities accord and what they mean.
UBS eyes Australia’s richest family offices in latest wealth play
The Swiss wealth manager has welcomed 34 new advisers from Credit Suisse since absorbing its former rival, and its sights are firmly set on family offices.
How high earners can claw back lost stage three tax cuts
Experts explain how to reclaim lost stage three tax cuts via extra superannuation contributions.
Technology
- Exclusive
- Tax disputes
Atlassian pays $92m tax bill after years of ATO talks
The software developer has struck a transfer pricing agreement with the Tax Office and has agreed to retain intellectual property in Australia that it will pay future tax on.
Pro Medicus share price pause ‘a good entry point’
A $2.8 million share buyback has helped restore $1.2 billion of value to Pro Medicus. Despite its sky-high multiple, bulls think it has further to run.
Former Aquamamma CEO says investors should have read fine print
Emma Gibson, the wellness start-up’s co-founder and a former Rich Lister, says backers should have known she had not verified the figures she was pitching.
Work & Careers
Hours, travel contribute to Bain’s 31pc gender pay gap
Bain, a consulting firm that heavily promotes itself as being an employer of choice for women, has a gender pay gap of 31 per cent, higher than the industry gap of 26 per cent.
10 big ideas in the universities accord
From doubling the numbers of students to a ‘Robin Hood’ tax on rich institutions: Here are some of the biggest recommendations in the universities accord and what they mean.
Life & Luxury
Sales about to spike for gas-guzzling utes, hybrids under gun
Two big ASX-listed car dealership groups are worried about proposed emissions standards, as the FCAI warns most hybrid vehicles will be hit hard.
The truth about the new 30:30:30 diet
Viral diets have a nasty tendency to combine two of my least favourite things: deprivation and maths.
Think you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
Here’s how to lie flat for less on your next international flight
More frequent flyers are opting for business class on low-cost airlines – slashing their flight costs while enjoying a premium service.
This booze-free spritz is one of Max Allen’s top summer drinks
Brands are no longer trying to recreate the real thing with less alcohol. The newest no-lo options have flavours all of their own.
