If your business is turning inspiration into innovation, it’s time to be recognised.
Government’s $91m tradie plan will only give ‘modest’ boost for home building
Australia’s target of 1.2 million new homes is a crisis of surging demand and a construction workforce facing its own demographic challenges.
AFR to stop printing in WA after Seven’s ‘abuse of power’
Nine has been forced to pull its print editions of The Australian Financial Review from Perth after Seven West Media demanded doubled the cost of printing.
- Exclusive
- Executive shake-up
New Uber bosses to see through gig economy transition
There will be new heads of both Uber and Uber Eats in Australia, ahead of gig economy rules that threaten to significantly raise its cost of doing business.
- Opinion
- Chanticleer
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
Ex CSIRO boss would pick different ‘winners’ in $1b quantum push
Larry Marshall, former CEO of CSIRO, says taxpayer money should be targeted at points in the quantum computing supply chain, not the finished product.
Whyalla steelworkers cop 30pc pay cut as furnace damage worsens
The major plant, owned by Sanjeev Gupta’s GFG Alliance, has not been producing for months. South Australian officials are seeking an “independent assessment”.
- Opinion
- Federal budget
Australia’s ‘dumb’ luck budget in one extraordinary chart
Treasurers have been extremely lucky to receive big tax revenue windfalls from the China-driven mining boom, but none have been as lucky as Jim Chalmers, writes John Kehoe.
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Companies
- Exclusive
- Executive shake-up
New Uber bosses to see through gig economy transition
There will be new heads of both Uber and Uber Eats in Australia, ahead of gig economy rules that threaten to significantly raise its cost of doing business.
- Opinion
- Chanticleer
Blackstone’s Jon Gray reveals ‘defining theme for the next decade’
The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
Westpac says it was stung by decade-long ‘Ponzi scheme’
The major lender is suing a fruit stall at Sydney’s Flemington Markets, alleging it conspired to falsify revenues and invoices to defraud it of $15 million.
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
Atlas Arteria’s ‘back-up plan’ to fight French taxes
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
Origin reaps $420m Octopus gain as Aware Super climbs on board
The UK energy disruptor has upped its valuation by 15pc, in a transaction that brought in Aware and raised the value of Origin’s stake beyond $2 billion.
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Markets
Some fundies unconvinced the RBA’s done with rate increases
Fortlake Asset Management’s Christian Baylis has joined a small number of economists who expect rates to rise, not fall. He says inflation isn’t under control.
Companies tap offshore money as IPO drought deepens
A dire environment for capital raising is seeing a rise in dual listing activity between Canada and Australia as companies look to raise more money overseas.
Traders trim rate rise bets on patient RBA
The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.
Investors pull money from Wall Street in favour of Asia, Europe
Fund managers are reallocating money away from Wall Street betting that ‘US exceptionalism’ has run its course.
ATO targets crypto traders’ tax affairs, bank details
The Tax Office is ramping up its surveillance of crypto traders, demanding that exchanges hand over details around clients’ ID, wallet addresses and bank accounts.
Opinion
No place for antisemitic incitement on campus
The protests that reduce the complex history of the Middle East to simplistic anti-Zionist slogans hardly align with universities’ founding institutional mission.
Editorial
Albanese’s troubled critical minerals dream
The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?
Columnist
Australia’s in a digital health black hole
The Productivity Commission’s report on the failure of My Health Record should concern all Australians not only as taxpayers, but as consumers in an ageing society.
Contributor
An RBA tightening bias is called for
It’s hard not to interpret the governor’s press conference and the board’s statement as at least a mild tightening bias that will keep the cash rate where it is at least until near the end of 2024.
Editorial
A rate rise was closer than you think
RBA insiders may be making the case for higher rates, as Michele Bullock walks the line between public opinion and the bank’s credibility.
Economist
Australia’s ‘dumb’ luck budget in one extraordinary chart
Treasurers have been extremely lucky to receive big tax revenue windfalls from the China-driven mining boom, but none have been as lucky as Jim Chalmers.
Economics editor
Reports
BOSS Best Places to Work
The awards celebrate the achievements of the best small, medium and large organisations and nine sector winners.
Politics
Schools sweat on election funding promises as Victorian debt rises
Melbourne’s Hampton Primary School fears the Victorian government won’t follow through on a promise made on eve of the 2022 election.
The instigator of WA’s GST deal says it is failing
Colin Barnett says there was no need for the prime minister to lift WA’s minimum GST “floor” from 70¢ to 75¢ in the dollar, as is set to occur from July.
Pallas vows to prove rating agencies wrong
Treasurer Tim Pallas has fended off warnings Victoria could face a third credit rating downgrade since 2020.
Outer Perth ‘pain seats’ at risk as Albanese cocks ear to west
Federal Labor is bleeding votes in Western Australia that could cost it several key seats, pollsters warn.
Chalmers locks in business tax breaks to help Made in Australia
The budget will contain tax breaks for investors to turbocharge the government’s Future Made in Australia Act, Jim Chalmers has confirmed.
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World
US reveals weapons shipment to Israel halted
The United States withheld 3500 bombs last week out of concern that they might be used in a major assault against the southern Gaza city, officials said.
White House piles ceasefire pressure on Netanyahu as tanks roll into Rafah
White House national security spokesman John Kirby urged negotiators to come to an agreement after Israel launched a “limited” assault on Rafah, in the south of Gaza.
TikTok sues over US ban in battle for survival
The lawsuit from the social media platform and its parent company, ByteDance, claims US legislation banning the app would breach free speech rights.
Stormy Daniels’ graphic testimony of alleged Trump sexual encounter
The remarkable testimony is the latest example of how Donald’s Trump’s dealings with women are coming back to haunt him in court.
- Analysis
- Israeli-Palestinian conflict
Benjamin Netanyahu’s dilemma: save the hostages or his government
In one of the biggest gambles of his career, Israel’s premier sent troops into Rafah to raise pressure on Hamas – and buy time.
Property
Goodman’s data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
- Exclusive
- Luxury property
Investors Mutual CEO sells designer Sydney mansion for $23m
Damon Hambly and designer Philippa Haydon bought the Bellevue Hill property for just $3.7 million in 2010 and turned it into a trophy home.
Melbourne shuns office return, Sydney coaxed by redundancy fears
New figures also show Canberra has the second-lowest office attendance rates as public service workers do not face the same scrutiny as Sydney’s private sector.
- Opinion
- Victorian budget
Victoria cannot tax its way to prosperity
Victoria arguably has some of the most complex rules and highest property tax imposts in the country. Will it work?
Pace of house price growth to cool as risks emerge
House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.
Wealth
We have $700,000 in super – can we buy investment property with it?
If you want to add a geared investment property to your retirement savings, here’s what you must think about.
How do I avoid a messy, hostile divorce?
Don’t hire a bulldog lawyer and or make any sudden moves with your finances, lawyers say.
The overlooked asset class that could set you up for retirement
Residential property investment is good for accumulating wealth, but commercial property will provide retirees with a better income stream.
Technology
- Opinion
- Digital Life
Will Apple’s new iPad Pro finally replace your laptop?
Apple says its new M4 iPad Pros will have better AI, better performance and better battery life than laptops. But don’t throw away your laptop just yet.
How Kim Jong-un’s propaganda song conquered TikTok
“Friendly Father” is the first North Korean composition about the leader to go viral for its musicality.
Apple plays up AI potential in new iPads
The tech company unveiled a bevy of new iPads including two versions of the iPad Pro sporting its M4 chipset and a redesigned iPad Air model in two sizes.
Work & Careers
- Exclusive
- Workplace culture
Just one gesture stopped Anthony worrying about his disability at work
Employers often assume that employing people with a disability is costly. New research suggests that’s not true.
Watchdog investigates CFMEU conduct at major Brisbane project sites
The Fair Work Ombudsman is making “active inquiries” into claims the CFMEU jumped fences and allegedly intimidated workers at major Queensland infrastructure sites.
Life & Luxury
Brack bolts, Whiteley sinks on a tough night for art sales
A John Brack with a fabulous backstory was a rare highlight at Bonhams, as Leonard Joel wheels out the big contemporary names for its Centum sale.
Doctors say this popular hangover cure is bunkum
Some people swear that vigorous exercise is the best way to beat a hangover, but is there any science to prove it?
Adelaide’s best restaurants for a business lunch
Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.
Perth’s best restaurants for a business lunch
Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.
Are ultraprocessed foods unfairly vilified?
Many scientists suspect manufactured foods are causing a range of health issues, but there is a lack of rigorous research to prove it.
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