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China is becoming more isolationist, data shows, despite improving ties with Australia.

Australia’s China ties at record lows despite diplomatic fix

While Australia’s relations with China have warmed, data shows economic ties are at their lowest levels in more than five years and are unlikely to bounce back.

JPMorgan’s Jamie Dimon says investors are too obsessed with monthly inflation figures.

Jamie Dimon reveals three risks – and his leadership secret

We extracted the big lessons for investors and leaders from the JPMorgan CEO’s 27,000-word letter to shareholders.

Vice Admiral David Johnston.

Military veteran Johnston rises in Defence shake-up

Bedding down AUKUS and recruiting new personnel are key challenges for the new Defence chief amid warnings China will be ready to invade Taiwan by 2027.

China to miss lofty economic growth target without major stimulus

The Australian Financial Review’s survey of economists suggests growth as low as 4.2 per cent. But a reliance on iron ore will limit its effect on Australia.

ASX gains, Ansell jumps, LNG plan delay hits Santos

Shares rise; Wall Street ends flat; SunRice to review NSW exports plan; oil prices fall; MotorCycle in data hack; Heartland Group raises $192m. Follow updates here.

Cutting dam level weighed as homes lost due to floods

NSW is weighing up dropping storage levels in Sydney’s main dam after rain destroyed 30 homes; Ken Henry says young workers are shouldering too much of the tax burden. Follow updates here.

Mayfair 101’s James Mawhinney arrested on dishonest conduct charges

The fund promoter appeared in a Melbourne court on Tuesday. His group of companies has already been fined $30 million for misleading and deceptive conduct.

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tuesday tech

Blackbird Ventures co-founder Rick Baker made the fund’s first investment in Canva 11 years ago.

Blackbird nets $800m payday from Canva share sale

“I hate selling even one Canva share … but it’s time for some of our earlier funds to take some profits off the table.”

Honey Insurance chief operating officer Angelo Azar, with CEO and founder Richard Joffe and chairman Peter Tonagh. The company can now plan to spend $108m of funding.

Sydney start-up lands blockbuster $108m US investment

After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.

Change your doorbell, change your life

Amazon’s latest battery-operated Ring doorbell has a new feature that can change the way you think about doorbells.

Start-up deals fall to six-year low as tech winter persists

Just 66 Australian companies raised funds from venture capital investors in the first quarter of this year, and total funding has dropped 45 per cent year-on-year.

Aussie MMA start-up quietly lists in the US after $9.9m raise

Manly-based Alta Group, which runs a mixed-martial-arts training platform, has debuted on the New York Stock Exchange after raising $US6.5 million.

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Companies

The Papua LNG plant would be located on the same site as ExxonMobil’s PNG LNG facility near Port Moresby..

Santos’ $15b Papua LNG project hits further delay

The decision to build Papua New Guinea’s second LNG project has been pushed back again after bids from contractors made it uneconomic.

ACCC chairwoman Gina Cass-Gottlieb.

ACCC reviewing credit data deal as Experian pounces on illion

A $820m deal that would see consumer credit data controlled by a duopoly of foreign companies is being examined by the competition regulator.

DG Institute founder Dominique Grubisa.

Dominique Grubisa and DG Institute engaged in misleading conduct

The self-styled wealth and property guru runs seminars for students on how to protect their assets, but has been pursued by the consumer watchdog.

General Manager Costa Tsiolkas at Redbank Power Station in Warkworth, NSW.

Can one of our dirtiest coal plants reap a green bonanza?

Verdant Earth has lofty ambitions to turn the moribund Redbank into a major clean energy precinct using biomass. Environmentalists are still unhappy.

This Rich Lister sees a wave of distressed wine sales coming

The MD of Casella Family Brands, owner of Australia’s biggest-selling wine export brand Yellow Tail, says the under $10 per bottle segment is still shrinking.

Former Tattarang chief Andrew Hagger pops up in Adgemis’ corner

The one-time National Australia Bank executive has been assisting the businessman with his pub empire as it struggles to lock in a much-needed refinancing.

Proxy group at odds with itself over Woodside’s Richard Goyder

The sustainability arm of Institutional Shareholder Services is recommending against the re-election of the company’s chairman – contradicting its main analyst.

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Markets

The US sharemarket is the most expensive it has been in around two years.

Wall Street’s lofty profit expectations to test market rally

Investors will be questioning whether the US mega caps can continue to beat the punchy earnings forecasts set by analysts as US earnings season kicks off this week.

The Nasdaq board in New York.

Why no one cares Trump’s soaring media stock is actually a dud

The more an asset price is disconnected from its fundamentals, the more potential it has to go “to the moon”.

Wall Street.

What happened overnight? US Treasury yields reached year highs

Markets’ focus was firmly on interest rates before the release of key data this week as Wall Street’s biggest bull raised his year-end forecast by 900 points.

Investment banks no longer the best way to earn $1b

The likes of Goldman Sachs may have the popular reputation for rich rewards, but there’s far more money to be made in the upper rungs of big buy-side shops.

Trump’s Fed chairman option opposes rate cuts this year

Kevin Hassett is a frontrunner to become Federal Reserve chairman if Donald Trump is elected. He says inflation remains sticky and isn’t being measured properly.

Opinion

Bond yields rise as investors brace for US-China trade war to escalate

As Yellen wraps up her China trip, it’s little wonder that US bond yields are rising and investors are bracing for the next salvo to be fired in the US-China trade war, writes Karen Maley.

Karen Maley

Columnist

Karen Maley

JAUKUS shows Australia is seeking security in Asia

Ironically, turning AUKUS into JAUKUS would move the pact closer to satisfying the national strategic interest test formulated by its chief Australian critic, Paul Keating.

The AFR View

Editorial

The AFR View

Why Japan is a good business partner for AUKUS

Beyond its technical capabilities, Tokyo’s strategic seriousness about the China threat is the biggest asset it will bring to the nuclear submarine pact.

John Lee

Foreign policy expert

John Lee

Solar Sunshot program makes supply chain sense

The goal isn’t to compete with China immediately. It is to make the energy transition more resilient to external shocks.

Darren Miller

CEO of ARENA

Darren Miller

Political brawls sweep the supermarket aisles

Supermarkets are once again an appealing target for politicians wanting to demonstrate their good intentions on helping consumers with cost-of-living pressures.

Labor must fix housing crisis or share the House with Greens

Drastic action is necessary or the Green’s moral outrage over the cost of homes for young voters will keep Labor on the path to minority government.

Ed Cavanough

Think Tank CEO

Ed Cavanough
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Politics

Coles and Woolworths look set to be covered by a mandatory code of conduct.

Retail chain wars erupt over supermarkets code

Woolworths says new regulations governing supplier relationships should be expanded to cover rivals Amazon, Costco and Chemist Warehouse.

The Albanese government wants insurers to slash premiums for households that take steps to reduce their risk.

Insurers told to slash prices for households that reduce risks

Steps could include roof replacement, upgrading garage doors, boosting window protection, tying down sheds, and replacing flimsy hollow doors. 

AFP Commissioner Reece Kershaw and ASIO Director-General Mike Burgess have their terms expire this year.

Government poised to shake up spy, security chiefs

The Albanese government has the opportunity to reshape the leadership of the military and security agencies in coming months.

China lashes joint war games involving Australia

As AUKUS members prepare to open talks with Japan on joining the pact, China warned against “provocative” destabilisation in the South China Sea.

Australian households are world-leaders in interest rate pain: IMF

Variable-rate mortgages and high household debt make Australian consumers highly sensitive to interest rates, the IMF says, but house prices are still rising.

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World

Japan’s Prime Minister Fumio Kishida and his wife arrive in Washington to meet US President   Joe Biden.

AUKUS partners eye adding ‘like-minded’ Japan to counter China

The announcement from the AUKUS defence ministers came as Canada said it was considering joining the pact, signalling concern over threats from China.

A total solar eclipse passed over North America on Monday (Tuesday AEDT).

Millions watch total solar eclipse across Americas

Experts called the eclipse “the most viewed astronomical event in history” as the moon blocked out the sun across North America.

Kevin Hassett, former chairman of the White House Council of Economic Advisers.

Trump’s Fed chairman option opposes rate cuts this year

Kevin Hassett is a frontrunner to become Federal Reserve chairman if Donald Trump is elected. He says inflation remains sticky and isn’t being measured properly.

Israel pulls troops from southern Gaza, eyes Rafah assault

Israel has withdrawn its troops from Khan Younis in southern Gaza to prepare for operations in Rafah, Hamas’ last stronghold, despite international warnings.

Japan’s pivot away from peace reflects new world order

Japan’s tensions with China, North Korea and Russia have accelerated its move away from pacifism and into the fold of AUKUS and other regional alliances.

Property

A more practical application of the act would save money, says Owners Corporation Network executive director Karen Stiles.

Strata reforms send bills soaring from just $5000 to $60,000

The NSW government made sweeping changes to prevent horrific development failures. Did it go too far?

Third.i founder Luke Berry

IR laws thwart Australia’s housing targets: builders

Labor’s union-friendly industrial relations laws will cause Australia to fall short of national housing targets for four of the next five years, industry claims.

Loans for new home builds are growing more slowly than for established homes.

Loans for new homes fall 2.1pc as mortgage demand picks up

While confidence among home buyers is growing, demand for loans for new home building is going the other way.

Scape closes third joint venture with $1b student housing fund

The private developer of purpose-built student accommodation has paired again with funding partners APG and Ivanhoe Cambridge to develop 3000 new rooms.

Showdown in the bar as ‘insane’ auction for luxury $4.8m home drags on

In a sellers’ market, the buyer of a newly built waterfront property had to meet a price the selling developer wanted – but she made him work for it.

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Wealth

The Pierro filly out of superstar racehorse Winx was offered for public auction on Monday.

History made as Winx foal becomes the most expensive filly in the world

Ingham’s family scion and Winx part-owner, Debbie Kepitis, outbid American thoroughbred tycoon, John Stewart, offering a staggering $10 million.

Wall Street workers don’t understand how to prepare for retirement

Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.

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.

Technology

W23 Australia boss Ingrid Maes

Woolworths partners with Tesco on $190m start-up investment fund

The global fund will be run from Sydney and counts retailer chains from Europe, Canada and South Africa among its investors.

Melbourne hosts Lime scooters, unlike Sydney where it has had to learn to operate bikes.

IPO hopeful Lime avoids share bike graveyard

The company says Sydney and Melbourne are among its most profitable cities as it eyes resurrecting its aborted plans to go public.

GoCatch founders Andrew Campbell and Ned Moorfield pictured in 2013, before they allegedly fell out over the company’s direction.

GoCatch was shedding passengers before UberX arrived, court told

Ned Moorfield, the co-founder of failed start-up GoCatch, has been grilled under cross-examination during the second week of a damages case against Uber.

Work & Careers

Umpire warns of higher consent standards as ‘groping’ sacking upheld

The Fair Work Commission has upheld Alcoa’s summary dismissal of a veteran employee for touching a female inappropriately as he squeezed past her.

The rise of the home husband

Changes in the structure of work make it more likely wives will go to the office and men will work from their abode.

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Life & Luxury

Enter the Ford Mustang Mach-E Select: yours from $72,990 plus on-road costs.

Does Ford’s new Mustang Mach-E SUV live up to its name?

The all-electric newcomer faces stiff competition from Tesla’s Model Y. But maybe you want to stand out from the crowd.

At last, a gadget worthy of a bucket list

Imagine what you could do with a portable, 300-inch screen and Hisense’s new C1 projector.

The company behind Eroxon gel, which treats erectile dysfunction, is seeking approval for the product to be sold in Australia.

Why you think you’re more beautiful than you are after 50

Age goggles are one of nature’s kinder tricks, providing you accept that what you see in the mirror is not necessarily what others are experiencing.

John Alfred Tinniswood: “If you do too much of anything you’re going to suffer eventually.”

World’s oldest man says his longevity secret is an ‘unhealthy’ meal

But Englishman John Alfred Tinniswood, 111, also says a long life comes down to luck – and moderation.

Hardest Geezer Russ Cook running through Sahara Desert.

‘Hardest Geezer’ finishes 16,300km run across 16 countries in 352 days

Briton Russ Cook had hoped to jog the length of Africa in 240 days, the equivalent of more than a marathon every day. Sandstorms and robberies intervened.

From the gallery