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    Stephen Jones.

    Labor shelves overhaul of ‘sophisticated investor’ test

    The changes are said to have been put on ice until at least after the next election, amid fierce backlash from tech start-ups and some funds managers.

    • Michael Read
    David Atkin is chief executive of the Principles for Responsible Investment, a UN-backed lobby for socially responsible investing.

    ‘Every country is worried about what’s happening in the US’

    ESG champion David Atkin runs a global organisation with 5300 signatories that manage a total of $US121 trillion – about half of global funds under management.

    • Ben Potter

    The man who would help Trump upend the global economy

    As a potential US Treasury secretary, Robert Lighthizer has more than trade policy to revolutionise.

    • Edward Alden

    Brookfield lands Origin Plan B with $10b Neoen bid

    The French utility’s pipeline makes it the largest owner of renewable energy in Australia, six months after Origin dismissed the Canadian investment group.

    • Ben Potter

    Treasury boss warns PM: ‘Enormous benefits’ from Chinese solar panels

    Commenting on the government’s Future Made in Australia green industrial subsidies, Steven Kennedy says Australia ‘must not be distracted by ideas, frankly, over many decades, have been shown won’t work’.

    • John Kehoe

    GDP growth tipped to slump to 1.1pc, but don’t expect a rate cut

    Economists expect GDP figures next week could show annual growth slumped to just 1.1 per cent in March, after consumer spending and home building went backwards.

    • Michael Read

    Opinion & Analysis

    How higher US tariffs are helping China’s competitors

    American tariffs on imports from China will redirect economic activity toward third-country suppliers considered allies.

    Arvind Subramanian

    Development economist

    Arvind Subramanian

    A carbon tax and dividend scheme could be the answer

    Readers’ letters on the pressing need for a carbon tax; why we shouldn’t fear AI; in defence of mortgage brokers; and the reality of climate change.

    Contributor

    Cutting company tax is not the only way to spur investment

    Recognising the cost of equity in the tax system is the equitable, effective and productive way to achieve corporate tax reform.

    Why we commemorate D-Day 80 years on

    The Red Army did most of the dying and killing necessary to smash Hitler’s Wehrmacht but the Normandy landings were the decisive military event of war in the West.

    Max Hastings

    Contributor

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    Yesterday

    BYD electric taxis at a charging station in Taiyuan, Shanxi province.

    How higher US tariffs are helping China’s competitors

    American tariffs on imports from China will redirect economic activity toward third-country suppliers considered allies.

    • Arvind Subramanian

    May

    There is a case for imposing a levy on carbon emissions.

    A carbon tax and dividend scheme could be the answer

    Readers’ letters on the pressing need for a carbon tax; why we shouldn’t fear AI; in defence of mortgage brokers; and the reality of climate change.

    Ed Husic and Jim Chalmers: Labor is internally at odds about the need for corporate tax reform.

    Cutting company tax is not the only way to spur investment

    Recognising the cost of equity in the tax system is the equitable, effective and productive way to achieve corporate tax reform.

    • Robert Breunig and Kristen Sobeck
    Reserve Bank chief economist Sarah Hunter.

    Inflation ‘clearly’ still strong: RBA chief economist

    Sarah Hunter says price pressures remain strong, after hotter-than-expected inflation data led investors to push rate cuts to December 2025.

    • Michael Read
    It is “curious” and “illogical” to consider capping super funds’ ASX holdings, Karen Chester says.

    ‘Radical, illogical’ cap on super ASX stakes would cost savers

    Instead of helping Australians buy ASX shares, a cap as proposed by Andrew Bragg would just help foreign capital own more of the market, industry experts warned.

    • Hannah Wootton
    Advertisement
    Two men in vintage US WWII uniforms walk toward the Les Braves in Saint Laurent-sur-Mer, Normandy.

    Why we commemorate D-Day 80 years on

    The Red Army did most of the dying and killing necessary to smash Hitler’s Wehrmacht but the Normandy landings were the decisive military event of war in the West.

    • Max Hastings
    RBA governor Michele Bullock isn’t getting the news she wants on inflation.

    The ASX is waking up to the RBA’s wicked inflation problem

    Equity market valuations assume a soft landing, but inflation data suggests the RBA has a big problem on its hands, as CPI remains sticky despite weak spending.

    • Updated
    • James Thomson
    Lendlease chief executive Tony Lombardo’s plan to offload the developer’s empire has been well received by investors.

    Global expansion vision survives Lendlease exit

    It’s a myth that Australian companies don’t do well overseas. Yet, it is hard not to be disappointed at this ebbing of an Australian company with vision in its blood from the start.

    • The AFR View
    Treasurer Jim Chalmers in parliament on Wednesday.

    Why rate cuts look even further away

    The latest inflation figures look like bad news for interest rates, even if the government doesn’t agree.

    • Jennifer Hewett
    Another hot inflation print has economists worried the Reserve Bank of Australia may need to raise rates again.

    No rate cuts until December 2025 as inflation stops falling

    Investors have pushed back the timing for the RBA’s first cash rate cut after inflation edged higher for a second straight month.

    • Michael Read
    Former Hawke Labor government economist Ross Garnaut estimates if Julia Gillard’s emissions trading scheme was still in place, it would now be raising about $70 billion a year, based on the European carbon price.

    Taxpayers are poorer without a carbon tax

    Instead of imposing a carbon levy on polluters to fund big personal income tax cuts, governments are gambling taxpayer money on climate and energy projects.

    • John Kehoe

    How the world went from baby boom to baby bust

    Helping people have the children they want in ways that fit with their plans should be a focus of policy. It is essential to help women combine careers with children.

    • Updated
    • Martin Wolf
    Arvid Petersen, founder of the Petersen Group.

    Next Capital snaps up majority stake in education biz Scentia

    The mid-market private equity firm has inked a deal to acquire a majority stake in the career training group which controls the Australian Institute of Management.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Super funds may soon be forced to do more to support older members.

    The super funds where customers are retiring faster than new ones join

    The research from KPMG comes as the $3.6 trillion superannuation industry heads towards the point it is paying out more cash than it brings in.

    • Hannah Wootton

    Husic’s corporate tax call revives Hawke-Keating Labor spirit

    Rather than have his office rebuke his cabinet colleague for comments made at the Summit, the treasurer should start making the pro-business and pro-worker case for reform.

    • The AFR View
    Advertisement
    Chickens outside the Orussey market, in Phnom Penh, Cambodia

    The disease detectives trying to keep the world safe from bird flu

    Frontline work in low-income countries is increasingly vital to a global system to detect viruses that jump between animals and humans, the way COVID-19 did.

    • Stephanie Nolen
    The Carringbush Hotel is closing down because of rising costs.

    Pub would have to charge $20 a beer to survive. It’s closing instead

    Popular watering hole The Carringbush Hotel in Melbourne’s inner city is closing down under the weight of rising costs.

    • Gus McCubbing
    The Reserve Bank of Australia headquarters in Sydney is under renovation.

    RBA’s asbestos-ridden HQ shouldn’t be sold, MPs say

    The cost of renovating the RBA’s Martin Place headquarters has blown out fourfold to $1.1 billion, but forging ahead with the refurb is still the cheapest option.

    • Michael Read
    The new merged Adelaide University will be reliant on growing numbers of international students, says David Lloyd

    Harsh migration cuts will stifle new mega-uni’s ambitions

    Adelaide University got its official tick of approval on Tuesday, but its plan to recruit 13,000 new students over eight years could suffer from migration cuts.

    • Julie Hare
    Industry Minister Ed Husic at the Summit.

    Corporate tax reform needs to be on the table, says Husic

    This is an edited and abridged transcript of a speech followed by a question and answer session given by Minister for Industry and Science Ed Husic at The Australian Financial Review AI Summit. 

    • Ed Husic