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    Investors to be stung by $250m in new advice fees

    A tax office ruling will see investors pay 7.5 per cent more for advice obtained from super funds and platforms, despite government moves to cut advice costs.

    • Michelle Bowes
    Eucalyptus founder Tim Doyle leads the most successful of a wave of start-ups hoping to ride a new generation of weight-loss drugs to riches and glory.

    Ozempic seller Eucalyptus writes its own bona fides

    It’s a brave new world of weight loss. But not everything has changed. Marketing a pharmaceutical program, even over the internet, remains by the book.

    • Myriam Robin

    Exclusive Subscriber Offer - Higher Education Summit

    Financial Review subscribers receive a 15% discount on in-person tickets to this event on August 20, 2024.

    King could learn from BHP

    Readers’ letters on Resources Minister Madeleine King; extending the life of the Eraring power station; Peter Dutton’s response to the International Criminal Court’s pursuit of Benjamin Netanyahu; and fulltime work for the royal family in Australia.

    Exclusive Subscriber Offer - Asia Summit

    Financial Review subscribers receive a 15% discount on in-person tickets to this event on August 20, 2024.

    Hard truths: What immigration cuts really mean for the economy

    The latest migration debate has so far been framed in terms of its benefits, but little regard has been given to the costs of closing the door on skilled workers.

    • Updated
    • Michael Read

    Opinion & Analysis

    ICC loses its moral bearings over Israel and Gaza

    An each-way bet on the ICC’s war crimes charges against Israel adds to the incoherence of Labor’s position amid a fraying of the social fabric of multicultural Australia.

    The AFR View

    Editorial

    The AFR View

    Populism is yet to peak globally

    It’s a mistake to analyse the presidential election in America-only terms. Joe Biden and Donald Trump are being tossed about by global political climate extremely favourable for right-wing populists.

    David Brooks

    Contributor

    The war over Ozempic isn’t helping overweight Australians

    The drug regulators’ decision to ban compounded weight loss drugs won’t help those suffering health complications from obesity.

    Nick Coatsworth

    Former deputy chief health officer

    Nick Coatsworth

    Cutting migrant intake is a soft target and dead-end strategy

    Reducing migration will just exacerbate the housing shortages it is trying to fix. Higher education will be the collateral damage.

    The AFR View

    Editorial

    The AFR View
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    Yesterday

    The ICC has applied for an arrest warrant for Israeli Prime Minister Benjamin Netanyahu.

    ICC loses its moral bearings over Israel and Gaza

    An each-way bet on the ICC’s war crimes charges against Israel adds to the incoherence of Labor’s position amid a fraying of the social fabric of multicultural Australia.

    • The AFR View
    If the polls are to be believed, the EU parliament is about to shift sharply to the right, endangering policies on climate change and Ukraine.

    Populism is yet to peak globally

    It’s a mistake to analyse the presidential election in America-only terms. Joe Biden and Donald Trump are being tossed about by global political climate extremely favourable for right-wing populists.

    • David Brooks
    Only legitimate Ozempic will be allowed in Australia, which will reduce supply.

    The war over Ozempic isn’t helping overweight Australians

    The drug regulators’ decision to ban compounded weight loss drugs won’t help those suffering health complications from obesity.

    • Nick Coatsworth

    This Month

    Fewer migrants won’t get more houses built.

    Cutting migrant intake is a soft target and dead-end strategy

    Reducing migration will just exacerbate the housing shortages it is trying to fix. Higher education will be the collateral damage.

    • The AFR View
    Treasurer Jim Chalmers.

    ‘Super-sized hole’ in budget as Treasury revises tax take

    Treasury has cut $11 billion from its four-year estimates of revenue from superannuation taxes, as “overly large tax concessions” keep benefiting the richest retirees.

    • Hannah Wootton
    Advertisement

    Victoria needs new gas after all, state Labor admits

    In March, Energy Minister Lily D’Ambrosio said the state had enough electricity to cover winter shortfalls. On Thursday, she conceded that it needed new gas supplies.

    • Gus McCubbing
    The European Central Bank and finance ministers imposed harsh austerity measures on Greece.

    Greek tragedy of austerity measures is obvious

    Readers’ letters on Greece’s austerity fallout; Australia’s Pacific relations; investment in nuclear power; South Australia’s green steel advantage; the need to retain cash; Telstra’s job cuts; and the NDIS.

    Australia’s Samuel Gregg and his Bradley Prize for economics, which he received in Washington DC on Wednesday.

    Award-winning Australian economist makes friends and enemies in DC

    Tuesday was a heady day for Australian economist Samuel Gregg, formerly of the Centre for Independent Studies but now ensconced in the United States.

    • Updated
    • Myriam Robin
    Origin Energy’s Eraring power station.

    Fears Eraring subsidies will need to be extended

    Keeping the country’s biggest coal-fired power station open until 2027 has raised questions about whether it will be needed to keep the lights on into the 2030s.

    • Updated
    • Ben Potter and Elouise Fowler

    With patient capital, Australia could make solar panels

    This country can make good quality panels. The doubts lie with Australian governments’ and capital markets’ willingness to allocate the billions of dollars, year after year.

    • Tristan Edis
    China shipments fell below analyst forecasts in October, but imports overshot estimates.

    Long-term growth is more vulnerable than it looks

    The rise of anti-science movements pose the greatest economic threats since the industrial revolution, writes a former deputy RBA governor.

    • Guy Debelle
    US Federal Reserve chair Jerome Powell.

    Fed officials rally around ‘higher-for-longer’ rates

    Policymakers noted disappointing readings on inflation over the first quarter, according to the minutes from their April 30-May 1 meeting.

    • Updated
    • Craig Torres
    Madeleine King.

    The cold war for Australia’s critical minerals future

    Despite signalling Labor’s support for aligning with the US on economic security, Madeleine King is likely to want to keep the Chinese investment spigot open.

    • The AFR View
    Santos chief executive Kevin Gallagher and Shell Australia chair Cecile Wake at the Australian Energy Producers’ conference in Perth.

    Subsidy wars: Carbon capture cost adds up for fertiliser maker

    Carbon capture and storage would add 50 per cent to the cost of producing ammonia in the Pilbara, making it uneconomic without further government support.

    • Ben Potter
    Peter Dutton remains committed to nuclear power.

    Our cheapest, most efficient nuclear fusion reactor is the sun

    Readers’ letters on nuclear energy; the role of drugs and alcohol in family violence; fat-cat university vice chancellors; an alternative Bonza outcome; Singapore’s new leader; and Alexander Downer’s columns.

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    Nuclear power is part of the landscape in 32 countries.

    Cut through the noise on nuclear power

    It’s a mistake to flatly rule out nuclear power when the final cost of a fully renewable system is also far from clear.

    • Michael Brear and Chris Greig
    Queensland Treasurer Cameron Dick.

    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.

    • James Hall
    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.

    • Ben Potter
    RBA governor Michele Bullock.

    RBA independence is more important than ever

    Readers’ letters on political spin and the Reserve Bank; the Albanese government’s poor record; final pleas for a printed paper; predicted blackouts; and Jim Chalmers’ charm offensive.

    RBA governor Michele Bullock after the bank’s May board meetin.

    Households tipped to save 80pc of stage three tax cuts

    The RBA board has “limited tolerance” for inflation remaining above the mid-point of its target band beyond 2026, but the latest Westpac consumer sentiment survey suggests that might not be a problem.

    • Ronald Mizen