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The White House’s new deputy Secretary of State Kurt Campbell.

Senior US diplomat lets the AUKUS cat out of the bag

US Deputy Secretary of State Kurt Campbell has spelt out publicly the expectations Washington has of Australia to fight alongside it in the Taiwan straits.

Treasurer Jim Chalmers has rebuffed calls for a “foundational” review of state-federal spending responsibilities.

States back demands for tax reform review

State and territories have swung their weight behind a Ken Henry-led push to review and overhaul a “mess” of state and federal spending responsibilities

Innovation Beverage Group’s key product is Australian Bitters.

Nasdaq hopeful clashes with ATO over $1m tax debt

Innovation Beverage Group, the name behind Australian Bitters Co, has been trying to convince the tax office to remove a default notice published last month.

Short selling media company long odds for Australia

Defamation claims, insider trading rules and regulatory pressure make the model likely unviable in Australia, says Bronte Capital’s John Hempton.

Strong US jobs data reinforces rate cut delay fears

Despite traders pushing out their bets of when easing will start, Wall Street ended higher on Friday. The Australian market is poised to rise 0.5 per cent on Monday.

Auction clearances bounce in fresh worry for RBA

Auction results show there’s little holding the market back. That will be on the RBA’s mind as it considers whether and when to move on rate cuts.

Albanese and Biden’s opportunism on aid deaths is contemptible

The confected outrage over the deaths of Australian Zomi Frankcom and her fellow Gaza aid workers goes way beyond the reaction to earlier wartime tragedies, writes Alexander Downer.

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smart investor weekend

Is it worth getting a Qantas home loan for the points?

It’s no good getting a ‘free’ one-way ticket to France but having no money to buy yourself a decent pain au chocolat.

A question of super.

What if my late wife’s pension pushes my super above $3 million?

Reversionary pension law gives surviving spouses time to sort out their super.

You must meet a “condition of release” before accessing super.

What SMSFs need to know as ATO cracks down on illegal access to super

More than $630 million has been accessed illegally from SMSFs. Here’s what you need to know to stay on the right side of the law.

Next US inflation print could make or break 2024

Investors in aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts this year to bail them out of a heavy procyclical slump.

Small caps are ripe for a comeback. Here’s how to pick winners

The life-changing capital gains on offer make the small-cap sector attractive to investors, but success stories are rare among the thousands of companies that bite the dust.

Features include the ability to save articles, dark mode and real time notifications.

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Companies

Sky racing channels could soon be on one of Australia’s domestic streaming platforms, Kayo or Stan Sport.

Nine and Foxtel in battle for Tabcorp’s Sky Racing channels

Tabcorp has held discussions with both News Corp-owned Foxtel and Nine Entertainment about putting its Sky Racing on either Kayo or Stan.

Richard Goyder at Woodside Energy’s annual meeting last year. He faces a fight for re-election at this year’s meeting.

High-profile analyst accuses CGI Glass Lewis of activism on Woodside

Saul Kavonic, of MST Marquee, said the influential proxy advisory group “appears to have lost objectivity and equity in its work”.

The major banks have been lifting interest rates and reducing interest free days on popular credit cards.

CBA joins banks quietly cutting interest-free days on credit cards

The big banks have all been slowly lifting their rates, while Commonwealth and Westpac have also increased annual fees.

Lendlease is under pressure to scrap all its international projects.

Lendlease calls in banks as it mulls structural change

The global property developer is facing calls from its major shareholders to carve off its international division. Its advisers are now exploring its options.

Inside the battle for Armaguard and the future of cash

The high-stakes negotiations over the financial future for the cash transit monopoly reached a crescendo over Easter, and became clearer this week.

Police investigated sexual assault allegation against PwC employee

A woman is suing PwC Australia under workplace laws. Both parties agreed on Friday to attend mediation.

Santos pursues environmentalists that bankrolled Barossa gas protest

The gas producer wants four activist groups to hand over documents that could show who funded litigation against its offshore project north of Darwin.

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Markets

BlackRock’s chief investment officer for ETFs Samara Cohen at the bitcoin spot ETF launch in January.

BlackRock dominates in Australia as billions flood into crypto ETFs

Brokers say the iShares product operated by BlackRock is the most popular among local investors, with inflows continuing despite volatile prices.

Wall Street.

Wall St extends rally after stronger-than-expected jobs data

All three US benchmarks closed higher as traders opted to focus on the economy’s strength, rather than the fading probability of a June rate cut.

Pilbara Minerals’ lithium mine in Western Australia. The company has warned that a fall in lithium price means shareholders shouldn’t expect a dividend in the first half of the year.

Why Wall Street banks have got it wrong on lithium

Sydney fund manager Ethical Partners says their own modelling shows the battery metal has moved “rapidly back” into balance after last year’s collapse, that will continue to support prices (and the sharemarket).

‘Unequivocal failure’: Activist fund tries to unseat Larry Fink

Bluebell Capital Partners is proposing to oust the BlackRock founder as chairman of the world’s largest asset manager.

BHP, Rio weigh on ASX shares; oil jumps, GQG gains on rising FUM

Shares pare losses. Middle East spooks investors. GQG lifts FUM. Ripple plans stablecoin launch. APM finds new suitor. Dow drops on Kashkari rates cloud.

Opinion

Israel must listen to its friends, not defy them

Israel has to show that it is better than the terrorists of Hamas. That means being accountable for its own behaviour.

The AFR View

Editorial

The AFR View

Australia must uphold international law, starting with Israel

We have been too quick to make excuses for Israel, and too slow to push the first principle of adherence to the law.

Laura Tingle

Columnist

Laura Tingle

Next US inflation print could make or break 2024

Investors in aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts this year to bail them out of a heavy procyclical slump.

Tax review to avoid an ‘intergenerational tragedy’

Incremental change is a waste of time. Ken Henry says someone has to grab this thing and get on with it.

The AFR View

Editorial

The AFR View

Are we on the brink of an Asian currency war?

As tensions over China’s push into high-tech manufacturing flare, analysts warn that it’s only a matter of time before China follows Japan’s lead in competitive currency devaluations.

Karen Maley

Columnist

Karen Maley

Reports of China’s demise are exaggerated

The popular theory of “peak China” is based on a misreading of data. And many of its problems are more cyclical than analysts are allowing for.

Geoff Raby

Columnist

Geoff Raby

Reports

AI’s brave new world

Artificial intelligence is being used by hackers to create ever more convincing fakes, but the technology is also giving our leading companies an edge.

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Politics

Flooding in North Richmond near the Hawkesbury River on Saturday.

200 rescues but NSW floodwaters begin to subside

Queensland escaped forecast heavy storms on Sunday, but there are still dozens of warnings in place along rivers near Sydney.

Anthony Albanese says there have been no changes to Operation Sovereign Borders.

Boat arrivals taken to Nauru after reaching mainland

A third boat has made it to mainland Australia in five months, adding to pressure on the Albanese government over border protection.

Some backpackers need to pass an English-language test to come here, others don’t.

‘A mishmash’: backpackers not equal under visa rules

Different regulations can apply to countries even from the same continent when it comes to language requirements.

‘Systemic failure’ from Israel to follow humanitarian law: Husic

NSW premier Chris Minns calls for per capita GST distribution; Birmingham calls on Israel to change targeting procedures; Gaza ceasefire talks set to resume tomorrow. Follow updates here.

Chinese investment in Australia slumps to record lows

Chinese M&A in Australia has crashed, particularly in mining as it shifts corporate firepower towards Belt and Road countries.

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World

People take part in a protest against Israeli Prime Minister Benjamin Netanyahu’s government and call for the release of hostages held in the Gaza Strip.

Weekly protest in Israel turns sombre after hostage’s body found

The Israeli military said on Saturday that it had retrieved the body of Elad Katzir, 47, in Khan Younis and repatriated him.

People protest outside the Ecuadorian embassy in Mexico City.

Governments rally around Mexico after embassy raid in Ecuador

The late-night seizure of Jorge Glas, Ecuador’s former vice president who was detained on graft charges, triggered a suspension of relations with Quito by Mexico City.

Janet Yellen and Chinese Premier Li Qiang in China’s Great Hall in Beijing on Sunday.

US, China need ‘tough’ conversations, Yellen tells Li

The US Treasury Secretary says Washington and Beijing have a ‘duty’ to responsibly manage their complex relationship, as she brought her case for reining in China’s excess factory capacity.

Pro-Russia candidate wins Slovakia’s presidential election

Despite the presidency’s limited powers in Slovakia, the election was widely watched as a test of strength between political camps with starkly different views on Russia.

How many ‘mistakes’ are Israeli forces making in Gaza?

Rights groups and aid workers say last week’s fatal strike on aid workers was hardly an anomaly.

Property

Tracey Goddard is a downsizer who recently sold her house in Alexandria in inner Sydney to pay off her mortgage and buy an apartment.

Why one segment of the housing market is about to get even hotter

Uncertainty over the timing of the rate cut is driving more homeowners to downsize to reduce debt, which is adding competitive pressure to this segment of the housing market, according to experts.

As graffiti moves from eyesore to amenity, landlords cash in

From Berlin to London to Miami, graffiti is attracting developers and companies looking for hip neighbourhoods, as well as brands keen to spruik their products.

Going green can deliver gold for landlords

Until now, the property sector has mostly viewed energy and emissions reduction as a cost-cutting exercise. Now the focus is shifting from cost to value.

Billionaire Smorgon family to sell family farm Benwerrin

The Toorak-based Smorgons have listed a long-held family farm complete with five-bedroom luxury residence.

The big plan to stop the Sydney exodus

The Minns government will push its zoning reforms, with or without councils’ blessing, as over 70,000 Sydney workers have left for more affordable pastures.

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Wealth

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Small caps are ripe for a comeback. Here’s how to pick winners

The life-changing capital gains on offer make the small-cap sector attractive to investors, but success stories are rare among the thousands of companies that bite the dust.

The questions real estate agents avoid (but buyers must ask)

Be aware of the many hidden costs associated with buying a new home.

What SMSFs need to know as ATO cracks down on illegal access to super

More than $630 million has been accessed illegally from SMSFs. Here’s what you need to know to stay on the right side of the law.

Technology

Elon Musk gets in a car as he leaves the Tesla Gigafactory on March 13, 2024 near Gruenheide, Germany.

Musk denies axing entry-level Tesla in pursuit of a robotaxi

The promise of a fully autonomous vehicle has long been key to Tesla’s lofty valuation, which has tumbled more than one third so far this calendar year.

Cliff Obrecht: “All investors had the opportunity to sell and got the sell side fully met.”

Canva millionaires made as $US1.6b share sale completes

The design software giant has finalised the first tranche of a share sale it has signalled will reach $3.6 billion, with rich rewards for early staff and investors.

GoCatch co-founder Andrew Campbell arrives at Court on the first day of the trial on Tuesday.

Uber and GoCatch stagger out for round two of court case

Nobody expected a clean fight when GoCatch called out Uber for huge damages, but startling details in the first week of the trial have left both sides wounded.

Work & Careers

Jon Kerr, co-founder of the World Golf Competition, is a firm believer in both the hybrid work model and combining business travel with leisure.

Australians lead the world in business-leisure trips

Aussies are taking business trips nearly twice the length of the global average and Melbourne boss and golfer Jon Kerr is all for it.

Why this boss wants to help pay for childcare

In an Australian first, u&u Recruitment Partners will subsidise the costs of childcare up to ease the financial burden of returning to work.

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Life & Luxury

“Backstage looks different these days”: Frontier Touring chief executive Dion Brandt and chief operating office Susan Heymann

Forget sex, drugs and rock’n’roll: kale and kombucha take over touring

Frontier Touring has a new-look team, but it’s not the only thing in the music biz that has changed.

As prostate cancer surges, Australia breaks new ground

As low and middle-income countries await a surge in prostate cancer, Australia is driving ahead with cutting-edge treatments and new ways of solving old problems.

How to make money being Paul Keating

Thank god for writing royalties, says Jonathan Biggins, who reckons politics is stuck on repeat and the new puritanism is hard to poke fun at.

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.

Users on Chinese social media expressed anger that the Netflix adaptation of ‘The Three Body Problem’ Westernised aspects of the story, and said the show sought to demonise some of the Chinese characters.

The strange Chinese murder behind Netflix’s ‘3 Body Problem’

The billionaire with the film rights to the cult sci-fi novel was killed in a plot “as bizarre as a Hollywood blockbuster”.

From the gallery