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Labor slumps on climate, cost of living as Albanese’s ratings fall
Voters have marked down Labor over climate policy and the cost of living, while Anthony Albanese has lost significant ground to Peter Dutton.
Tensions remain but at least we’re talking, PM to tell Chinese
Penny Wong says Australia won’t be relaxing its foreign investment rules regarding lithium.
This macro master doesn’t come with tales of impending doom
Raoul Pal wears the scars of both bull and bear market cycles. But he’s found contentment in embracing, rather than fighting, the system.
What restructure? Church and state blur over at national broadsheet
The bar for what’s newsworthy in media is sometimes difficult to gauge. News Corp’s massive restructure, and the high-profile exits that followed, was not.
Dirty money laws to help stem NDIS fraud
Law enforcement agencies have told Labor moves to extend protections against money laundering in Australia will help the fight against other kinds of fraud.
Jack Cowin taps ex-Burger King execs in France to fix Domino’s
The ASX-listed pizza chain set up in France in 2006, but only has an estimated 8 per cent share of the market. Poor international growth has hurt shares.
Sleeping Duck wins court battle with biggest investor
Venture capitalist Adir Shiffman had alleged the mattress retailer had sidelined him from the business. The Supreme Court of Victoria threw out the case.
Breaking news on companies, politics and economics, in your inbox as it happens.
MONDAY MEDIA
Bruce Gordon, 95, bulks up interest in Nine
The billionaire increased his interest in Nine to more than 25 per cent, giving the billionaire businessman outsize influence just hours before a board meeting that resulted in the resignation of the company’s chairman Peter Costello.
What restructure? Church and state blur over at national broadsheet
The bar for what’s newsworthy in media is sometimes difficult to gauge. News Corp’s massive restructure, and the high-profile exits that followed, was not.
Kim Williams shares Paul Keating’s lesson on art of persuasion
The ABC’s new 72-year-old chairman plans to use a speech next week to argue a tsunami of American and British content is diluting Australian culture.
Catherine West takes Nine’s helm – and crisis – from Peter Costello
The broadcast and publishing giant’s new chair is in the biggest role of her life, steering a company reeling through an uncertain future. Is she up for it?
BBC, A&E withdraw popular channels from Foxtel as they go it alone
The News Corp-controlled broadcaster will also lose access to HBO shows if, as looks increasingly likely, Warner launches its platform in Australia next year.
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Companies
GrainCorp looks beyond life as a rainy day stock
Wet conditions have boosted hopes of another bumper crop. The ASX-listed agribusiness’s share price has been a big beneficiary.
Finance sector union not opposed to ANZ’s $4.9b Suncorp bank buy
The federal treasurer, a Queenslander with close ties to the state government, has been considering the takeover of the Brisbane-based bank since April.
Jack Cowin taps ex-Burger King execs in France to fix Domino’s
The ASX-listed pizza chain set up in France in 2006, but only has an estimated 8 per cent share of the market. Poor international growth has hurt shares.
PEXA drags feet on breaking up its own monopoly, pleasing investors
While shareholders are hopeful of overseas riches, the property settlement platform is facing the threat of its stranglehold on e-conveyancing being broken.
- Exclusive
- Media & marketing
Bruce Gordon backs Nine as $550m stake fuels succession questions
The billionaire says the publishing and broadcast giant is a company “worth investing in” despite turmoil, controversy and the abrupt departure of its chairman.
Chanticleer’s best calls, biggest rogues and dud deals
This week in a special episode of the Chanticleer podcast, James and Anthony take you inside Chanticleer’s 50-year anniversary lunch, and share the best stories, insights and moments.
Westpac to follow CBA by dumping Hayne-era bonus caps for bankers
Westpac chief executive Peter King said he was “considering our approach to ensure we remain competitive and keep the best bankers”.
Companies in the News
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Markets
This macro master doesn’t come with tales of impending doom
Raoul Pal wears the scars of both bull and bear market cycles. But he’s found contentment in embracing, rather than fighting, the system.
- Opinion
- Private equity
Why things are looking up for private markets and dealmaking
Turmoil and uncertainty are a constant in asset management. But things are starting to turn for deal makers as money is finally being put to work.
World is looking ‘more like the 1930s’, Future Fund warns
Australia’s sovereign wealth fund chief is reshaping its $200b portfolio as global risks hit a 50-year high.
Rare earths hopeful Resouro surges on ASX debut
Shares in the Regal-backed company soared nearly 40 per cent, as investors took advantage of its lower offer price compared to its Canadian listing.
Wall St slips as French political crisis deepens
The S&P 500 was modestly lower in afternoon trading. European shares fell further amid a resurgent far-right. Bitcoin drops.
Opinion
Beware the uncomplicated politician: Dutton on the rise as PM falls
In December 2022 Anthony Albanese enjoyed a 26-point lead over Peter Dutton as preferred prime minister, but it has now dwindled to just two points.
Political editor
Poll shows the political risk to net zero
Reigniting the climate policy wars for short-term political gain will just make the longer-term challenge of transforming Australia’s carbon-intensive economy even harder, longer, and more costly.
Editorial
Chalmers might make right decision on banking
After Queensland Labor Treasurer Cameron Dick backed the ANZ-Suncorp merger, it’s hard to see how a Queensland-based federal Labor Treasurer would not.
Editorial
In the end, complexity felled the Lendlease empire
Lendlease was globally recognised for engineering excellence, its ability to build thriving community spaces, and its nurturing of many leading CEOs. Its diminution is instructive as well.
Contributor
‘Stabilisation’ shouldn’t straitjacket deeper economic ties with China
Anthony Albanese’s date with Chinese Premier Li Qiang in Canberra is an opportunity to work on a trade-based agenda for the future between two deeply complementary economies.
International editor
Australia-China ties are not ready for AUKUS
It’s no surprise that Li Qiang will head straight to Australia’s mining capital and most pro-Chinese city. But he will bypass the Stirling naval base where US nuclear-powered submarines will arrive.
Columnist
Reports
Chanticleer celebrates 50 years
In 1974, Chanticleer revolutionised business journalism. This anniversary wrap celebrates 50 years of covering the corporate deals that shape the nation.
Politics
AI poses ‘massive’ risk to financial system, warns RBA reviewer
Renee Fry-McKibbin, one of the authors of the RBA review, says the risk posed by AI shows the need for specialist governance and interest rate-setting boards.
Dirty money laws to help stem NDIS fraud
Law enforcement agencies have told Labor moves to extend protections against money laundering in Australia will help the fight against other kinds of fraud.
Push to dump Liberal’s Chinese candidate in Bennelong
After boundary changes made the seat more winnable, rivals begun lobbying factional leaders to hold a vote to replace Scott Yung, party sources say.
Chinese Premier Li Qiang declares ties ‘back on track’
Li Qiang, who is second only to President Xi Jinping, has visited Adelaide Zoo for a bit of panda diplomacy, after declaring Australia-Chinese relations are “back on track”.
Flood alert for some WA regions as eastern Australia shivers
Cold and frosty mornings are expected for much of eastern Australia this week while there are flood warnings for parts of WA.
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World
- Updated
- Israeli-Palestinian conflict
Israel to pause daytime fighting to let aid into Gaza
The “tactical pause” announced by the military, which applies to about 12 kilometres of road in the Rafah area, falls far short of the ceasefire sought by the US.
- Updated
- Russia-Ukraine war
Ukraine peace summit seeks consensus on Russia rebuke
China’s absence from the meeting and the attendance of lower-level diplomats from the BRICS states cast a shadow over efforts to win over the Global South.
US targets Houthi radar sites after sailor goes missing
The attacks come as the US Navy faces the most intense combat it has seen since World War II in trying to counter the Houthi campaign.
Biden courts Hollywood, while Trump tackles swing state
Some of Hollywood’s brightest stars headlined a glitzy fundraiser for the president, while his opponent was on the hustings in the crucial battleground state of Michigan.
Serbia to give green light to Rio Tinto lithium mine
“New guarantees” from the Anglo-Australian miner and EU could transform the continent’s electric vehicle industry.
Property
Strathfield mansion beats guide by $500k as auctions rebound
Auction clearance rates have returned to form after the long weekend lull, but long-term price growth is cooling.
- Exclusive
- Luxury property
Brighton mansion built by billionaire Larry Kestelman sells for $16m
The bayside suburb clocked its highest sale price so far this year after Rob and Melita Chaloner’s mansion sold.
- Exclusive
- Industrial
More cold sheds needed to supply veg and meds
Australia will have to ramp up its construction of cold storage sheds to service the food supply needs of our booming population, says CBRE.
German billionaire bags $17m cattle farm, Chinese tycoon into cotton
Cathrina Claas-Muehlhaeuser has bought Tuwinga in the NSW Liverpool plains, while investor Jacky Cheung has emerged as the buyer of a big NSW cotton farm.
- Exclusive
- Luxury property
Snack queen buys Rich List garbo’s $25m beach weekender
Snack food wholesaler Lenka Dransfield has paid $25 million for one of three Palm Beach waterfront properties owned by Rich Lister garbo Ian Malouf.
Wealth
Cbus tops list for super complaints
Cbus also paid $1 million in compensation claims to customers in the first half of the financial year.
- Opinion
- Flat Chat
ATO warns property investors not to ‘double-dip’ on expenses
Rental property taxes can be tricky, and that’s before you add in the strata factor.
What to do with $400,000 inheritance when you have no super
A windfall could give a woman living in her daughter’s granny flat access to three income streams.
Technology
- Opinion
- AI
Even Apple cannot explain why we need AI in our lives
A souped-up Siri and personalised emojis are coming, but there is little sense that Apple has edited down the possibilities of generative AI to prioritise the truly useful, writes Richard Waters.
Sleeping Duck wins court battle with biggest investor
Venture capitalist Adir Shiffman had alleged the mattress retailer had sidelined him from the business. The Supreme Court of Victoria threw out the case.
What Apple Intelligence means for you
Though the “where” and “when” of Apple’s new AI system are still a mystery, we do know a lot about the “who”, “what” and “why”.
Work & Careers
Victorian premier refuses to condemn Setka’s threats against AFL
Jacinta Allan said the dispute was a matter for the AFL and the construction union, preferring to trumpet ambitious housing targets set for the next 27 years.
- Exclusive
- Workplace
Employers lose more than 655,000 days of work to mental health claims
Increased awareness around mental health and the rising cost of living are contributing to a big jump in workers’ compensation for mental health injuries.
Life & Luxury
A cello or a house? The answer was easy for this virtuoso
Two airfares to get anywhere. A mortgage-sized outlay on a new instrument. The cello is an expensive addiction for Nicolas Altstaedt, who is touring with the ACO.
The unlikely father and daughter paying for King Lear
Barrister Katherine Brazenor has a taste for the darkly comic. No wonder she’s enlisted her father as a co-patron of the Bard’s play on a fatally dysfunctional family.
Meet the Timorese lawyer chasing Australian wind licences for Norway
A former refugee carried out of East Timor on her mother’s back has returned to Australia as country head of Norwegian energy giant Equinor to chase offshore wind licences.
Aussie swimmers poised to make Olympic history
Australia’s swim team could make history in Paris, with a long line of champion women powering through qualifying trials.
Finally, a documentary about Midnight Oil
Paul Clarke’s ‘The Hardest Line’ is largely a celebration of the Oils that never ventures a word of criticism.
