If your business is turning inspiration into innovation, it’s time to be recognised.
- Exclusive
- Interest rates
RBA board split in doubt as Libs dig in
The impasse between Jim Chalmers and Angus Taylor means the new RBA interest rate setting board will not be up and running by its planned start date of July 1.
- Opinion
- Chanticleer
There’s a bigger story behind Perpetual’s sad break-up
The break-up of Perpetual is a story of mismanagement, but it also speaks to the structural changes sweeping across Australia’s financial sector.
Lowy’s lament: ‘I know how insidious antisemitism can be’
Sir Frank Lowy experienced hatred against Jews first hand in Hitler’s Europe, and is shaken by what he now sees “leaking out of decent people” in Australia.
- Investigation
- Rich List
For this Rich Lister, does the reality live up to the hype?
Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.
- Live
- Need to Know
Immigration system is stronger after High Court decision: Giles
Iranian man’s unlawful detention claim dismissed; Air Vanuatu enters liquidation; Wong undecided on UN Palestine vote. Follow updates live.
- Live
- Markets Live
ASX gains; Life360, Suncorp slump
Shares lift; Suncorp homeloans up; QBE premium increases help results; Helia in $100 million share buyback, Upbeat outlook for St Barbara. Follow updates here.
- Analysis
- The Breakdown
Tesla slashes jobs in Australian charging team
The company’s global cuts have come to Australia, with staff laid off and at least one charger location cancelled.
Rio investors’ fear; Tesla slashes Oz jobs; Perpetual’s bigger story
review
- Analysis
- EU
Europe’s far right is becoming mainstream
Anti-immigration parties with fascist roots, and an unclear commitment to democracy, are emerging as Europe’s new leaders, the New York Times reports.
- Opinion
- USA
Campus protests may help Donald Trump win
History suggests the intellectual conformism sweeping university life could trigger a popular backlash that ends in conservative rule.
- Analysis
- Israeli-Palestinian conflict
Can the ICC actually arrest Benjamin Netanyahu?
The International Criminal Court is entitled to judge Israeli and Hamas officials, writes one of its former presidents.
- Analysis
- Banking products
Good banks today want to be seen as boring
Regional US financial institutions are promoting themselves as stodgy, stuffy and dull in response to industry failures.
Big US companies are pulling back diversity policies
Facing a legal, social and political backlash, America’s diversity, equality and inclusion industry is starting to reassess and rebrand.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
Investors urge caution as Rio Tinto eyes BHP’s $40b Anglo bid
Rio Tinto should not challenge BHP for control of Anglo American, and should instead target smaller lithium and copper producers, a major investor says.
Stokes’ anti-AFR price rise could breach competition law: Samuel
Billionaire Kerry Stokes has faced political criticism – and calls for an ACCC investigation – for forcing The Australian Financial Review print edition out of his home state of WA.
Gold Road’s takeover grip on $2.3b De Grey loosens
Gold Road’s grip on Australia’s best undeveloped gold mine will loosen after it bought only a portion of its rights in De Grey to keep alive a rival deal.
QBE pumps up Aussie premiums but squeeze slows
At the insurer’s AGM on Friday it revealed growth in all commercial markets, including in Australia where premiums went up by 11 per cent, the lowest in 12 months.
Business loan demand spikes, keeping inflation fears alive
CBA, the country’s largest lender, says a strong labour market is driving “robust” demand from companies, which could push up prices, economists warn.
Mining titan Evy Hambro says it’s better to buy, rather than build
One of the world’s most influential mining investors, BlackRock’s Evy Hambro, has signalled he is open to M&A as BHP hunts Anglo American.
- Updated
- Manufacturing
Orica says lower input costs offsetting fall in revenues
The commercial explosives maker has reported a 10 per cent increase in earnings, beating analyst estimates.
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Markets
Bank of England boss ‘optimistic’ interest rate cuts are coming
The BoE left its benchmark unchanged at 5.25 per cent, but the UK economy is looking ripe for a rate cut.
New Bridgewater chief ‘rewires’ world’s largest hedge fund
Nir Bar Dea says he had overhauled the firm after just a year in charge, in a bid to restore investment performance and mark a break from founder Ray Dalio.
What happened overnight? Wall Street extended its rally
Australian shares were set to edge higher as US equities lifted, helped in part by solid demand for the sale of 30-year government bonds.
Bezos, Zuckerberg lead magnificent seven insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $242 million since late 2023.
Stock rally ‘too good to be true’, warn CIOs
Investment chiefs say the market looks too expensive given the uncertain economic backdrop and that there’s good reason to be cautious for the rest of this year.
Opinion
Budget week is time for Dutton to roll a few Jaffas down the aisle
In the same week Peter Dutton went in to bat for the koalas, Labor flew the flag for gas.
Political editor
China’s grim pattern in South China Sea needs a collective response
A quiet tussle is going on over China’s ambitions to control all of its neighbouring seas. Affected countries need to unite before China miscalculates.
Defence expert
Sad halting of the press in WA
The Australian Financial Review has built a publishing model based on premium digital subscriptions. But it is still sad that from May 22, no one in Western Australia will be able to read a hard copy version.
Editorial
Half-priced detergent every few weeks? Shoppers can smell a rat
Deep food and grocery discounts have become increasingly popular with consumers, but the cost is unfairly borne by suppliers, prompting calls for change.
Columnist
Labor locks gas firmly into energy transition
The Future Gas Strategy reaffirms a strong role for gas, but despite the title it is light on ideas to get there.
Editorial
A responsible pre-election budget is a delicate balancing act
The treasurer must not stimulate the economy, but cannot ignore the fact that some Australians are bearing more than their share of the pain.
Budget expert
Reports
BOSS Best Places to Work
The awards celebrate the achievements of the best small, medium and large organisations and nine sector winners.
Politics
High Court hands Labor rare win on immigration detention
Immigration Minister Andrew Giles welcomed the ruling in the case of the man known as ASF17, who said he would face persecution for being bisexual if he was sent back to Iran.
The tree that symbolises how Victoria became a financial basket case
The 300-year-old River Red Gum, named Victoria’s 2019 tree of the year, is a symbol of everything that is wonderful, but possibly wrong, about the state of Victoria.
- Exclusive
- Nuclear energy
Australia doesn’t need nukes: International Energy Agency boss
Global energy tsar Fatih Birol says Australia should play to its strengths in renewables, and there should be less emotion and politics in energy discussions.
Military tensions flare on the road to stability with China
A near miss between a Chinese fighter jet and Australian helicopter show that friction remains despite improvement in ties between Beijing and Canberra.
New gas projects receive support amid Labor unease
Resources Minister Madeleine King has backed the development of the Narrabri gas field in NSW, and the Queensland Labor government has given the green light to four new projects in the Bowen Basin.
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World
‘We’ll fight with our fingernails’: Netanyahu hits back at Biden
The Israeli prime minister defiantly said the country was prepared to stand alone if necessary if it attacks Rafah to further its destruction of Hamas.
- Analysis
- US election
Trump’s long week in court as election looms
Stormy Daniels’ allegations of a sexual encounter with Trump set the courtroom alight this week. How they play into his election chances is unclear.
Trump asked oil CEOs for $1.5b donations in exchange for favours
The former president demanded $US1 billion in donations to get re-elected and offered to overturn environmental rules and policies to help the oil industry.
- Analysis
- Renting
Why Australia’s long-suffering renters are not alone
Rents are soaring not only in Australia but also in the US, UK and Canada, preventing inflation from declining closer to central banks’ targeted levels.
Stormy Daniels accused of profiting off Trump sex claims
The former president’s lawyers are trying to undermine the porn actor’s credibility as the trial resumes in Manhattan.
Property
Westfield Bondi owner says shoppers are back after horror attack
Scentre chief executive Elliott Rusanow said the mall operator had increased security spending as it returned to a “different” normal after the fatal attack.
- Analysis
- Renting
Why Australia’s long-suffering renters are not alone
Rents are soaring not only in Australia but also in the US, UK and Canada, preventing inflation from declining closer to central banks’ targeted levels.
NSW, developers at loggerheads over infrastructure contributions
Scrapping two new developer levies in NSW would clear the way for at least 50,000 extra homes over five years, according to the property industry.
Why $800,000 homes are in hot demand
Competitive pressure is building up in this segment of the market as investors and first-home buyers return in droves.
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.
Wealth
ASIC finds super funds still charging fees for no service
Super funds are obliged to ensure members are only charged for financial advice they actually receive but not all are doing so.
A smarter way to tax high super balances
The government has tried to keep things simple, but in doing so fairness has gone out the window.
Coalition to oppose ‘sophisticated investor’ test overhaul
Labor is grappling with backlash from the start-up sector over calls to limit access to venture capital to investors worth more than $4.5 million.
Technology
Farmers’ software start-up raises $11m with profitability promise
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
Why everyone’s mad at Apple’s new iPad ad
Apple’s crushing of human creativity has sparked backlash, but its new iPad Pro ad has also inspired some surprising video responses.
The $13.6 trillion question: how do we pay for the green transition?
The private sector will have to provide about 70 per cent of climate finance globally, and the heat is building on governments to deliver policies that do that.
Work & Careers
Love or money? What to tell kids about career choice
Do you tell them to do what they love or urge them to become a doctor, accountant or a lawyer because it will provide financial security?
- Exclusive
- Wage scandal
Accenture warned of ‘$40m back-pay risk’ for overtime
A former human resources executive claims she warned Accenture’s board it was at risk of having to pay up to $40 million to staff who worked excessive hours.
Life & Luxury
Cult tailor Patrick Johnson opens stupendous new Sydney showroom
Ballroom blitz: A grand building, and a touch of dirty pink, has resulted in a suitably spiffy new CBD space.
- Opinion
- Mental health
Is it time to stop talking about mental illness?
I believe many young people are being encouraged to frame normal experiences as psychiatric conditions. There are even financial motivations.
Why women should stop cutting their hair short in midlife
At Monday night’s Met Gala in New York, the already long-haired Demi Moore, 61, fabulously threw out the midlife beauty rulebook. Here’s how you can do it, too.
Byron Bay’s Lane family open doors to luxury equine estate
The line between Tom and Emma Lane’s passions – luxury estates and horses – are exhilaratingly blurred at their latest lavish retreat, Copperstone.
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