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Some big US pension funds say they will vote against Woodside chairman Richard Goyder at Wednesday’s annual meeting in Perth, increasing the peril for the veteran director. Photo:Trevor Collens

Big US pension funds, Aware want Richard Goyder off Woodside board

But AustralianSuper says it will back the businessman, even as it votes against the oil and gas giant’s climate plans, at a shareholder meeting on Wednesday.

  • 12 mins ago
  • Ben Potter and Hannah Wootton
Kevin Rudd, as umpire, hosting the Kangaroo Cup at the Australian embassy in DC.

Kevin Rudd and CNN put on a US tennis clinic

The former prime minister’s shaking mud off his polo and getting on with tennis diplomacy.

  • 1 hr ago
  • Mark Di Stefano

Why 3pc wage rises may become the new norm

New research from NAB forecasts productivity growth will remain at its lowest rate in more than 70 years, leading living standards to stagnate.

  • Michael Read

Richard Goyder counts down the days at Woodside, Qantas and the AFL

The businessman faces a crucial vote at the oil and gas giant’s annual meeting. He’s already planning his exit from the highest-profile boards in the country.

  • Patrick Durkin

Chalmers warns of ‘fraught and fragile’ outlook

Returning from Washington, the treasurer warned of a precarious global outlook, citing slower growth forecasts for China, Britain and Japan in the May budget.

  • Ronald Mizen

Savers with $3m-plus super could pay double tax on earnings

Labor’s plan to increase the tax paid on earnings for super accounts with more than $3 million could sting savers twice, experts have suggested.

  • Updated
  • Hannah Wootton

Opinion & Analysis

Dr Copper doesn’t agree with Dr Chalmers’ growth outlook

Treasurer Jim Chalmers is talking down the state of global growth. But while the risks are real, not every indicator is so bearish.

Chanticleer

Columnist

Chanticleer

Goyder’s fight at Woodside highlights question of shareholder voice

Activist battles largely take place between big asset managers and their proxy advisers. Is it time their retail investors got more of a say in what they do?

Jonathan Wenig

Corporate lawyer

Jonathan Wenig

Chalmers fails to justify Future Made in Australia spending

Readers’ letters on the Future Made in Australia Act; X’s refusal to take down video of last week’s violence in Sydney; double taxation of super funds; and a more sophisticated Australian economy.

Contributor

Let’s not waste the green energy opportunity

The government’s industry policy is not some throwback to the Deakinite settlement. It’s quite the opposite.

Chris Bowen

Minister for Climate Change and Energy

Chris Bowen
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More From Today

Copper prices are surging on supply issues and signs of improving demand.

Dr Copper doesn’t agree with Dr Chalmers’ growth outlook

Treasurer Jim Chalmers is talking down the state of global growth. But while the risks are real, not every indicator is so bearish.

  • 1 hr ago
  • James Thomson
Chairman Richard Goyder’s re-election bid at Woodside Energy has been questioned, and will be put to a vote on Wednesday.

Goyder’s fight at Woodside highlights question of shareholder voice

Activist battles largely take place between big asset managers and their proxy advisers. Is it time their retail investors got more of a say in what they do?

  • 1 hr ago
  • Jonathan Wenig
At the time of the budget in May, Treasurer Jim Chalmers said his objective was to provide “responsible cost of living relief”.

Chalmers fails to justify Future Made in Australia spending

Readers’ letters on the Future Made in Australia Act; X’s refusal to take down video of last week’s violence in Sydney; double taxation of super funds; and a more sophisticated Australian economy.

  • 1 hr ago
A solar farm in Lilyvale, Queensland. powering the sunshine state.

Let’s not waste the green energy opportunity

The government’s industry policy is not some throwback to the Deakinite settlement. It’s quite the opposite.

  • Chris Bowen

History shows Australia needs a strong Productivity Commission

The Financial Review helped forge the political and intellectual opposition to the nation’s 20th-century industry protectionism, which was once a bipartisan article of Australian faith, akin to the fair go.

  • The AFR View
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Yesterday

Greens senator Sarah Hanson-Young is not handing out rain cheques lightly.

Green antics give corporates nightmares

After Nick McKim’s savaging of Brad Banducci, business may be wary of co-operating with Greens-led inquiries. Some, it seems, already are.

  • Updated
  • Myriam Robin
Is Jim Chalmers behind a dramatic rerating in Australia’s budgetry position relative to other G20 nations? It’s really very hard to say.

Jim Chalmers’ office marks its own homework

The whole point of this exercise was to suggest the IMF was floored with Chalmers’ performance. In truth, the IMF wasn’t even considering it. 

  • Myriam Robin

Meet the doctors whose virtual ED is easing the load on hospitals

In outer Melbourne, a virtual emergency department has offered 250,000 patients treatment and created a model to help keep ageing Baby Boomers out of hospital.

  • Tom Burton
Australian-made solar panels will never be exported if they have to compete with Chinese-made panels.

Forget solar panels, let’s focus on Australian-made pharmaceuticals

Readers’ letters on a better Future Made in Australia idea; judges’ claims to avoid a super tax; the real hurdle for young people buying a home; the irony of Dubai floods; and an outstanding expat.

Only if the West show it possesses the resolve to impose significant costs on Iran will they persuade the ayatollahs that proceeding further will bring them intolerable pain.

Appeasing Iran has proven weak and provocative

If Tehran’s power can be contained and then reduced, the Middle East will be a much more peaceful place.

  • Alexander Downer

Future made in Australia critics show old orthodoxies die hard

The existential climate challenge is Australia’s opportunity to reverse the policy settings that hollowed out manufacturing.

  • Roy Green

This Month

Floral tributes and solidarity on show at Westfield Bondi Junction.

A traumatic week, and a need for calmer politics

Murder in Bondi Junction and terrorism in western Sydney have come to a country already demoralised by a cost-of-living crisis. Time for politicians and other opinion formers to put the hyperbole away.

  • The AFR View

Why the RBA won’t cut rates soon; Supermarket stoush; Misguided push for Australian made

This week, James and editor-in-chief Michael Stutchbury discuss the data the RBA will be mulling, examine how the supermarket inquiry turned nasty, and ask whether the Made in Australia push is doomed.

 Data centres – which provide computing power and storage for software and data – are “one of the most significant drivers for demand growth besides electrification and the take-up of electric vehicles”.

Booming AI demand threatens electricity supply

Regulators are scrambling to factor the explosive growth of data centres into demand projections as one network warns of a 250 per cent surge in power needs.

  • Ben Potter
Darryl Kerrigan (Michael Caton) and his lawyer Dennis Denuto (Tiriel Mora) in <I>The Castle</I>.

Forced supermarket break-ups ‘a dopey idea’

Former Productivity Commission chairman Peter Harris questions legality of such an arrangement, citing the clause in the Constitution that saved The Castle’s Darryl Kerrigan.

  • Ronald Mizen
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Even voracious power users such as data centres can be accommodated in the new power-use model.

New Malthusians are wrong: a rich world will need less energy

We will need to generate only half the energy we do now to replace today’s electricity use, lift the global South, and feed all those data centres. So rejoice.

  • Ambrose Evans-Pritchard
Treasurer Jim Chalmers in Washington.

The global narrative on rate cuts has just been rewritten

Treasurer Jim Chalmers and the other attendees at this week’s meeting of the G20 finance ministers and central bank governors may be suffering from whiplash.

  • Michael Read

Why the inflation beast is so tough to tame

Price pressures are just not going away, with rising home values and rents a big part of the problem. That has big ramifications for interest rates.

  • Karen Maley
NA

America’s Superman foreign policy flies again

The hard realism of Asian allies about America’s direction must jostle with the return of uncompromising American unilateralism.

  • James Curran

Why Schizophrenia no longer has to be a life sentence

Until the 1950s, there was no effective therapy and painful experimental treatments, such as brain surgery and sulphur injections, failed. That’s all changed.

  • Jill Margo