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- Exclusive
- Mining
Chinese lithium pioneer calls for ‘fair go’ in Australia
Tianqi Lithium says it deserves access to the billions in tax incentives put up by the Albanese government, as it prepares to host Chinese Premier Li Qiang and Prime Minister Anthony Albanese.
How an energy ‘boot camp’ rescued this mega wind farm
Rye Park was running into trouble. Its backer – and key customer – needed its power but owner Tilt couldn’t get it to the grid. Enter AEMO.
Top earners and companies bear record tax burden
Newly released ATO data reveals the top 1 per cent of earners are forking out almost one-fifth of personal tax revenue.
How this Aussie bitcoin miner is cashing in on the Nvidia AI boom
Analysts say Australian-born, US-listed bitcoin miner Iren is sitting on valuable land and energy assets.
Aqui vamos! One last chomp at Guzman y Gomez before trading starts
The $200 million cash proceeds of the float are being applied to boost the income that Guzman y Gomez will be making post listing.
Australia’s highest-paid jobs revealed
Surgeons have topped the list of highest-paid professions, taking home a total income of more than $480,000.
- Opinion
- Racism
Zionism is about Jewishness. So anti-Zionism is antisemitism
Exploring the issue from a legal perspective allows us to better understand what constitutes unlawful discrimination under various state and federal laws in Australia.
Breaking news on companies, politics and economics, in your inbox as it happens.
Edition
Fin Magazine – Paris 2024
Bienvenue to this special issue of Fin Magazine, a homage to Paris in its Olympic year.
MONDAY MEDIA
- 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.
Nothing funny about AI as advertisers look to laugh off uncertainty
A new humour category at this week’s Cannes Lions festival seeks to highlight the “human connection” in a sector beset by a crisis in creativity.
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.
Social media set to overtake TV as top source of news
The survey findings come as a Labor-led parliamentary committee demands tech firms and media companies face questions about the influence of such platforms.
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.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
- Updated
- Gaming & wagering
Former AFL boss Gillon McLachlan takes on ‘legacy brand’ Tabcorp
He arrives at the company in the midst of a painful transformation and after the departure of Adam Rytenskild, who was being investigated for offensive language.
Chinese backer of Australian wine group nursing big losses
A Chinese investment group which took a large stake in McGuigan owner Australian Vintage seven years ago is down about $7 million on paper.
CBA unveils aggressive business banking strategy to take on Macquarie
Among measures outlined by the bank is a plan to target $20 billion in deposits real estate agents hold for renters, a niche dominated by Macquarie.
Cettire quietly enters China’s rocky luxury goods market
The ASX-listed retail platform had flagged the move this year. But it comes as rivals including Yoox Net-a-Porter focus on “more profitable geographies”.
Integral Diagnostics dealmaking creates $1b diagnostics giant
The company has proposed a merger with its smaller rival, Capitol Health, creating the largest pure-play diagnostics imaging group on the ASX.
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.
Infratil nabs Goldman, Barrenjoey, UBS for $1b CDC data centre play
The three investment banks led the two-part transaction that will also bolster the New Zealand-based company’s balance sheet.
Companies in the News
Search companies
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Markets
ASIC warns investors ahead of ASX crypto ETF wave
The markets watchdog has told investors to “only put in what they are prepared to lose” after Australia’s main exchange operator opened the door to bitcoin.
Why investors should care about the Biden-Trump debate
Global markets have been rocked by shock voting in India, Mexico and France, but next week’s first US presidential debate is tipped to exacerbate that turbulence.
China output growth slows, but consumers provide bright spot
Retail sales, a key metric of consumer spending, rose in May, but industrial production lagged, in mixed data for the world’s second-largest economy.
ASX drops as China weighs, NAB hits 9-year high
Shares fall; Tapcorp taps AFL’s McLachlan as new chief; Bapcor secures $400m in debt; China steel output jumps; oil prices slip. Follow updates here.
Riding the wave: this Regal-backed fund is betting big on water
Kilter Rural’s Euan Friday predicts water prices will rocket 300 per cent this year, after huge government intervention and the weather dries up.
Opinion
Jobs boom means rate rise will be close call
It is becoming increasingly clear that a critical reason the economy is proving resilient to tighter monetary policy is a chronic shortage of labour.
Economist
Zionism is about Jewishness. So anti-Zionism is antisemitism
Exploring the issue from a legal perspective allows us to better understand what constitutes unlawful discrimination under various state and federal laws in Australia.
Lawyer
Guzman y Gomez’s spicy burrito is a recipe for high growth
It’s easy to sound smart by being gloomy about the future of a stock, but the future of this Mexican-themed chain is positive, writes Martin Rogers.
Contributor
Why your accent might be holding you back at work
Wall Street banks and big law firms are among employers addressing this potential discrimination.
Columnist
Cheng Lei one day, PNG the next: Zigzag diplomacy runs unabated
The circus of embassy staff trying to block vision of journalist Cheng Lei at a ceremony involving the visiting Chinese premier reinforces the difficulty of rebuilding relations with Beijing.
Political editor
The bottom line is private hospitals are evolving, not collapsing
The government’s “financial health check” review should kick-start a conversation about innovation and the fate of some old, inefficient facilities.
Health fund representative
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
Middle-aged, middle-income women lead drift away from PM
The “bill payers in the house” have soured on Anthony Albanese over the past 12 months.
Employee-starved businesses likely to bypass migrant caps: report
Businesses are likely to recruit workers from New Zealand and working holidaymakers, a major report says, avoiding moves by Labor and the Coalition to cut Australia’s permanent skilled migration intake.
Australia’s highest-paid jobs revealed
Newly released Tax Office data showed surgeons topping the list of highest-paid professions, taking home a total income of more than $480,000.
How an energy ‘boot camp’ rescued this mega wind farm
Rye Park was running into trouble. Its backer – and key customer – needed its power but owner Tilt couldn’t get it to the grid. Enter AEMO.
‘Candid’ Australia-China meeting sparks new military dialogue
Military communications will be improved after recent near misses between Australian and Chinese defence personnel, while tourists will find it easier to visit Beijing.
SPONSORED
World
EU capitals to back new term for Ursula von der Leyen
The former German defence minister who was an unheralded choice for the post in 2019, received a boost last week from the bloc’s three most powerful members.
Chinese vessel and Philippine supply ship collide
Beijing said a Philippine supply ship entered waters near the Second Thomas Shoal, a submerged reef in the Spratly Islands that’s part of territory claimed by several nations.
Netanyahu denounces tactical pauses in Gaza fighting
Israeli PM’s reaction underlined political tensions over the issue of aid coming into Gaza, where relief organisations have warned of a growing humanitarian crisis.
China output growth slows, but consumers provide bright spot
Retail sales, a key metric of consumer spending, rose in May, but industrial production lagged, in mixed data for the world’s second-largest economy.
Nothing funny about AI as advertisers look to laugh off uncertainty
A new humour category at this week’s Cannes Lions festival seeks to highlight the “human connection” in a sector beset by a crisis in creativity.
Property
The suburbs where unit values are on the cusp of a new high
Low supply and intense competition for cheaper properties are fuelling big gains in unit prices.
WeWork has emerged from bankruptcy. What’s next?
The company’s re-emergence from bankruptcy arrives at a time when demand for office space remains weak overall.
Why house prices are surging once again around the world
In Australia, the US and parts of Europe, property markets have shrugged off higher interest rates to post strong gains – and there’s likely more to come.
Working from home option secures $1.8m sale
A Gold Coast home had a commercial side to it that put most buyers in the area off. So the agent went further afield.
Shock property tax rise hits landlords, holiday homes
Investment properties in NSW will be hit by a $1.5 billion increase in land taxes, which the real estate industry warns could cost thousands of dollars a year and be passed on to renters.
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
Better late than now: how Apple’s AI could have stayed in longer
It tells you something when even Apple, the company that rose to greatness on the back of lateness, has to come out with a product that isn’t quite ready.
How this senior consultant uses AI to get more work done
Kearney’s Anshuman Sengar says using generative AI tools to summarise meetings, write emails and research topics has helped him become more effective at work.
- 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.
Work & Careers
CFMEU backs Setka’s 20pc pay deal
Thousands of members have voted for the Victorian deal, which secures 5 per cent annual increases and restores banned conditions such as union vetoes.
- Analysis
- CFMEU
Setka’s mystery motive for vendetta on AFL umpire boss
John Setka’s main justification to go after the AFL head of umpires – that he pursued an official for holding a one-minute silence over the West Gate Bridge collapse – may have never happened.
Life & Luxury
Canoe star Jessica Fox poles apart in gold medal spree ahead of Games
The Australian paddler won three gold medals at the Canoe Slalom World Cup in Poland, taking her World Cup gold medal tally past 50.
Tea, tarts and tears: My trip to France to honour a secret
It took one brave family and the silence of an entire town to protect this writer’s mother during the German occupation. This is what happened when she went to meet them.
Beauty-brand founders who started their careers in banking
Four successful women tell how they developed their skills at companies like Goldman Sachs and JP Morgan before starting their own businesses.
- Driving With Tony Davis
- Motoring
Why this C-Class should come with its own racetrack
Mercedes-AMG may have dropped the V8 from its new C63 SE Performance model but it still packs a punch.
The truth about 13 popular weight loss supplements
From green tea to L-carnitine, there are dozens of supplements that are supposed to help you lose weight. Here’s what the experts say.