- Exclusive
- Mining summit
King accuses ‘anti-WA’ Dutton of jeopardising national security
Federal Resources Minister Madeleine King also accuses the opposition leader of stoking class warfare by opposing the government’s production tax credits for miners.
ASX to rise, S&P 500 modestly positive
Australian shares are set to open higher. NZ rate decision ahead. US stocks treading water. Ether, bitcoin mostly hold their surges.
CBA to accept $10k deposits to speed up off-the-plan construction
Commonwealth Bank will allow $10,000 deposits to be viewed as 10 per cent deposits to make it easier for developers to get construction financing.
Cost-cutting advisers the bright spot in professional services
Advisers are being increasingly asked to conduct cost-cutting programs, from upskilling and reducing staff numbers to digitisation and automation.
- Exclusive
- Gaming & wagering
Brisbane developer at centre of Star’s Hard Rock mystery
The Florida-based entertainment giant said it had not authorised its name for use, despite Star telling investors it had received a proposal.
Replica Ozempic and Mounjaro will be banned by October
The ruling preserves the status quo of the drug market in a boon to big pharmaceutical firms and a blow to start-ups that are trying to disrupt the sector.
Nuclear to cost $17b and take until 2040 to build: CSIRO
The nation’s first large-scale nuclear power plant could cost as much as $17 billion and not be operational until at least 2040, the CSIRO says.
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tuesday tech
Corporate regulation is not as bland as AI thinks: Longo
ASIC asked a generative AI program to summarise reams of documents as a test. The results were more boring than the originals.
Scarlett Johansson takes on Sam Altman over ‘eerily’ similar AI voice
The Hollywood actor says she was “shocked” by the use of a voice “eerily similar” to her own in the latest worry for the ChatGPT maker.
Microsoft fights back against Apple with AI laptops
Microsoft says it now has laptops that can match Apple for battery life as well as performance. Plus, they have AI.
- Exclusive
- Venture capital
Big win for Square Peg as Nvidia buys AI start-up Deci
The Melbourne VC firm will soon be toasting a rich profit on its investment in an Israeli AI start-up, when it is acquired by chip titan Nvidia for $447 million.
How business websites will have to change for Google’s AI era
Enterprises hoping to attract the attention of the search engine’s Gemini platform will need short, punchy web pages, says a digital advertising expert.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
Data centres may close Woodside’s hydrogen circle: O’Neill
Chief executive Meg O’Neill said data centres in Singapore – which the government has insisted must provide their own green power – could be an industry model.
Mobile users face price rises as Telstra swings the axe
Customers could be hit with above-inflation price increases for mobile phone plans, as well as higher internet fees, as the telecommunications giant slashes costs.
Four executives exit Bunnings amid ‘reshaping’ of top management
Bunnings managing director Mike Schneider has overhauled his top management team, but he says it’s not part of a cost-cutting blitz.
Lenders move on Adgemis’ El Primo Sanchez bar
The move comes amid debt refinancing negotiations led by major lenders to the dealmaker’s hospitality empire.
Billionaire MinRes boss hits back at Dutton
Chris Ellison says tax credits to help build a critical minerals industry that will be around for decades are of high value to Australia, and the Coalition is on the wrong side of history.
- Exclusive
- Gaming & wagering
Brisbane developer at centre of Star’s Hard Rock mystery
The Florida-based entertainment giant said it had not authorised its name for use, despite Star telling investors it had received a proposal.
Four listed fintechs say they’ll be smashed by credit report rules
Plenti, MoneyMe, Harmoney and Wisr allege major banks are conspiring against them by restricting access to crucial credit file data they use to price loans.
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Markets
The ASX stocks fundies are avoiding – and what they’re backing instead
With the ASX 200 trading within 50 points of its record high on Monday, here’s what these fund managers think could be ripe for a re-rate.
VGI founder Robert Luciano pulls millions from Regal-owned funds
The high-profile stock picker has sold stakes in the funds managed by Phil King after registering a new venture last month.
Crypto lifted by ether’s biggest jump since 2022 on ETF hope
Social media is alive with speculation that the US regulator may be warming to the idea of an ether exchange-traded fund.
Macquarie says there is a 50pc chance of recession this year
The group’s economist Sophie Photios said the economy was like a “masquerade”, where immigration had masked it going backwards in per person terms.
Tesla shareholder group slams Elon Musk’s $84b pay package
A coalition of Tesla shareholders that hold a small portion of Tesla stock said Musk is distracted by his commitments to the five other companies he controls.
Opinion
From euphoria to subsidies to kick-start the next great mining hopes
An Australian mining industry more used to being threatened by super-profit tax raids is being offered handouts to kick-start its way into the low carbon era.
Editorial
Gas industry hawks its carbon credentials
Barrow Island and its inhabitants of kangaroos, perentie lizards and rare native fauna is also home to the world’s largest dedicated carbon capture and storage project.
Columnist
Why you can’t argue the $300 energy rebate will lower inflation
Energy bill relief increases real disposable income and boosts aggregate demand. We can debate how far they push inflation, but not that the direction is up.
Economist
Arrest warrants huge blow for Israel and massive gamble by ICC
The question of how the US president responds to this, along with Congress, now becomes critical.
Columnist
Hamas’ defeat, helping Ukraine win, best for West
The sooner Israel defeats Hamas, the better. And also the sooner the US focuses attention on helping Ukraine win the war, the better.
Editorial
Why WA loves the critical minerals budget boost
Peter Dutton’s refusal to endorse Labor’s plan for production tax credits for critical minerals processing and green hydrogen won’t make him popular in must-win seats in Western Australia.
Columnist
Reports
The future of financial advice
This special report looks at options to make financial advice more accessible and affordable, including robo-advice.
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Labor premiers leave Miles on his own with Dutton on immigration
Former treasurer Wayne Swan has accused Peter Dutton of “dog whistling on migration”.
Governments ‘should report cost blowouts just like companies do’
State governments should be held to the same reporting standards that ASX-listed companies when it comes to major projects, Marion Terrill says.
Queensland heads for deficit as Labor readies election cash splash
A pre-election spending spree will result in Queensland’s forecast surplus swinging into a deficit of about $3 billion, Treasurer Cameron Dick says.
NDIS reforms can’t wait for a ‘magical unicorn day’: Shorten
Disability Minister Bill Shorten says premiers should stop using disabled people as a political football, after the states called for delays to NDIS reforms.
Queensland industries fear migration cut will worsen worker shortage
Slashing migration numbers risks compounding stretched workforces, Queensland industries warn.
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World
One dead, dozens injured as turbulence strikes Singapore Airlines jet
The flight from London fell into an air pocket as breakfast was being served. A 73-year-old British man died during the incident, likely due to a heart attack.
Trump declines to take the witness stand in hush money trial
Jurors could begin deliberating as soon as next week to decide whether the former president is guilty of 34 felony counts of falsifying business records.
First Aussies home from riot-hit New Caledonia after RAAF rescue
French authorities have given permission for evacuation flights to take off and land in Noumea.
PM’s refusal to slap down international court ‘tarnishes’ Australia
Jewish groups and Peter Dutton say Anthony Albanese should join the US and condemn the International Criminal Court’s pursuit of Benjamin Netanyahu over war crimes.
- Opinion
- US election
Seven theories of why Biden is losing
The US president is running like he’s winning, which he isn’t. From his age to economic management, voters are turning off the Democrats’ nominee, writes Ezra Klein.
Property
- Exclusive
- Hotels
Collins Street tower to appeal to return-to-office ‘boltholers’
Developer Sterling Global believes corporate high-flyers commuting into town from regional locations on a more regular basis will want a CBD bolthole.
CBA to accept $10k deposits to speed up off-the-plan construction
Commonwealth Bank will allow $10,000 deposits to be viewed as 10 per cent deposits to make it easier for developers to get construction financing.
Old guard of US beachfront revolts over first new luxury condos in decades
What’s at stake is a contest to unlock prime waterfront land for extravagant buildings for wealthy newcomers from the US Northeast, Midwest and California.
The top suburbs where home values have bounced out of decline
House prices in some top-end suburbs have bounced back from falls in the previous quarter as demand rises amid lack of stock.
Press ‘go’ on the $20b boom in renewables development
Renewables construction will hit $20 billion annually by 2026/27 as the country races towards ambitious carbon targets and coal-fired power stations close.
Wealth
- Opinion
- Managed funds
More zeros than heroes in active funds management
Don’t be fooled by short-term performance data and carefully assess after-fee returns.
- Opinion
- Cash
Why holding too much cash can be harmful to your wealth
As a standalone asset class cash has long underperformed bonds, property, and shares.
‘I lost my 95-year-old mother’s $1.6m life savings to scammers’
Great-grandmother Elaine Spring is ‘too frail’ to be told that the proceeds of the sale of the family home are gone.
Technology
Corporate regulation is not as bland as AI thinks: Longo
ASIC asked a generative AI program to summarise reams of documents as a test. The results were more boring than the originals.
Zip’s Larry Diamond returning to Sydney, says US mission accomplished
Diamond says he heeded warnings from James Gorman, setting Zip onto a profitable path in the US, where he expects BNPL to keep winning share off credit cards.
Scarlett Johansson takes on Sam Altman over ‘eerily’ similar AI voice
The Hollywood actor says she was “shocked” by the use of a voice “eerily similar” to her own in the latest worry for the ChatGPT maker.
Work & Careers
Academics seek pay for emails out of hours
A major union is using Labor’s new right to disconnect laws to scrap a “common practice” where casual academics do not get separately paid to be contacted outside of hours.
- Exclusive
- Insolvency
Doctors owed millions in collapse of service provider
The Melbourne-headquartered eReports allegedly failed to disclose $7.2 million owed to more than 400 specialists before calling in administrators.
Life & Luxury
How this Australian went from ski bum to CEO of a Canadian ski resort
The much-loved Big White in British Columbia has been family owned for decades. Third-generation Peter Plimmer had to earn his stripes to take up the mantle.
Bollinger unveils big plans to boost wine tourism
The famous French champagne house will move into luxury oenotourism. You’ll even be able to stay in Madame Bollinger’s grand family house.
Location, location: Discover the most coveted hotel suites in Paris
They all have round-the-clock butlers, only the freshest of geraniums, and champagne on tap. Welcome to the city of love’s six-star offerings.
Pirates, pampering, rum bars and more - the Caribbean has it all
The region has many drawcards in addition to its famous white-sand beaches and azure waters. Norwegian Cruise Line offers a tantalising taster.
How to quit the treadmill and travel for six months – yes really
We all crave time out from routine and life stress to discover a different, more peaceful world. Here’s how one Australian couple pulled off “the impossible”.
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