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    Top industry leaders discuss how Australia can make the most of mining’s trillion-dollar opportunity.

    Watch live today

    Business Council of Australia CEO Bran Black was a lone voice on the committee.

    BCA quits big-spending welfare advisory board

    The Business Council of Australia has quit the government’s peak welfare advisory body, arguing its priorities were too focused on spending.

    The ASX is poised to open higher.

    ASX to rise; BHP bid nears deadline, Webjet flags demerger

    ASX futures add 0.3pc. RBNZ rates decision ahead. Apple extends rally. Ether, bitcoin hold their surges. Wilsons says buy Technology One. Follow updates here.

    From left, Woodside boss Meg O’Neill; Resources minister Madeleine King, and Peter Cosgrove at the Australian Energy Producers conference in Perth.

    Woodside eyes data centres to justify hydrogen bet

    Woodside is looking to data centres’ hunger for green power as a potential solution to the problem of finding customers willing to justify the oil and gas giant’s  commercial-scale bet on green hydrogen.

    One dead, dozens injured as Singapore Airlines flight hits ‘severe turbulence’

    There were 56 Australians on board the flight from London to Singapore, with eight hospitalised; Chris Bowen says nuclear power is too expensive, risky and slow to build. Live updates here.

    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 on certain projects to make it easier for developers to get construction financing.

    Public Hospitality Group’s Jon Adgemis raided by tax authorities

    The company, which owns a sprawling portfolio of pubs, has been attempting to refinance its significant loans with Deutsche Bank in a bid to avert collapse.

    Nuclear could cost up to $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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    Companies

    Vicki Brady on Tuesday.

    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.

    Bunnings managing director Mike Schneider said he is not going anywhere, and the internal restructure is to ensure the group steps up its focus on customers.

    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.

    El Primo Sanchez in Paddington

    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.

    Mineral Resources has started loading iron ore on to transhippers for export to China’s biggest steel maker.

    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.

    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.

    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.

    Companies in the News

    Search companies

    View stories and data from an ASX listed company

    Markets

    First Sentier’s Dawn Kanelleas is avoiding uranium stocks.

    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.

    Wall Street.

    What happened overnight? S&P 500 sets another record closing high, Tesla rebounds

    Australian shares are set to open higher. NZ rate decision ahead. US stocks edge higher. Apple extends rally. Nvidia’s quarterly results on Thursday AEST. Ether holds its surge.

    VGI Partners founder Robert Luciano has sold down his stakes in two Regal-owned funds.

    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.

    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.

    The AFR View

    Editorial

    The AFR View

    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.

    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.

    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.

    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.

    The AFR View

    Editorial

    The AFR View

    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.

    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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    Politics

    Resources Minister Madeleine King.

    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.

    Joe Biden told Benjamin Netanyahu last month, following the killing of World Central Kitchen aid workers in an Israeli strike, that ongoing US support for the war would depend on new steps to protect civilians.

    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.

    Anthony Albanese attended a housing construction project in western Sydney on Tuesday.

    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.

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    World

    56 Australians, eight injured aboard Singapore Airlines jet

    The severe turbulence flung passengers and crew around the cabin and forced the plane to land in Bangkok, officials and the airline said.

    Donald Trump’s “reich” post drew a widespread backlash after it appeared this week on his Truth Social account.

    ‘Hitler’s language’. Biden calls Trump ‘unhinged’ for ‘reich’ post

    The US president has seized on a video posted to the Republican’s social media account that referred to a “unified reich” if Donald Trump won a second term.

    Trump sits at the defence table at Manhattan criminal court in New York.

    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.

    Property

    An artist’s impression of the approved hotel and apartment development.

    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 on certain projects 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.

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    Wealth

    Underperformance is closely correlated to the fees charged by active fund managers.

    More zeros than heroes in active funds management

    Don’t be fooled by short-term performance data and carefully assess after-fee returns.

    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

    ASIC Chairman Joe Longo says Australia’s regulatory framework is inadequate for the emerging AI era.

    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.

    Larry Diamond is returning to Australia from where he will chair Zip US.

    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 in Black Widow.

    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

    The NTEU says not paying academics for responding to student emails outside of work hours is inconsistent with the right to disconnect laws.

    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.

    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.

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    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.

    La Grande Année 2015 vintage wine and rosé.

    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.

    Le Plaza Athénée’s Haute Couture Suite showcases the Eiffel Tower, seen through a cute faux silver picture frame in place of curtains.

    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.

    Cruise ships docked in Charlotte Amalie Harbour, off Saint Thomas island.

    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.

    Sunset above Bandipur, Nepal. The couple have not planned an itinerary; they are working it out as they go.

    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”.

    From the gallery