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    Featured Opinion

    Attention investors: the risk of a sovereign debt crisis is back

    The financial market volatility induced by the political dramas in France show the world is moving into a new risk regime.

    Dutton is prepared to take risks, but he is no onion eater

    The signature difference between what the Coalition unleashed on Wednesday and the debilitating climate fights of the past is that both parties are operating from the assumption that emissions need to be reduced.

    Phillip Coorey

    Political editor

    Phillip Coorey

    Small bank targets a niche product the big four have long neglected

    Enthusiasm about the challenge from neobanks to the banking sector has come and gone, along with several start-ups. But Avenue Bank has its own plans.

    Can big burritos save public markets?

    We won’t know for many years whether Guzman y Gomez investors have overestimated Australians’ appetite for Mexican-themed restaurants.

    The AFR View

    Editorial

    The AFR View

    Time to promote a woman as deputy chief of Navy

    The officer second in charge of the Royal Australian Navy will shortly rotate, opening the way for a historic first appointment of a female.

    Jennifer Parker

    Defence expert

    Jennifer Parker

    Why Australia needs to stop being PNG’s payday lender

    It might seem a good, neighbourly thing to do. But loans can be damaging as poorly tied aid. The alternative is subsidising direct Australian business investment.

    Why next week’s Biden v Trump debate is so important

    A set piece clash between Joe Biden and Donald Trump will turn less on policies than on manner and appearance. What they say will matter less than how they seem.

    Edward Luce

    Columnist

    Edward Luce

    CFMEU break-up overdue

    The real source of John Setka and other union bosses’ political power remains the institutional privileges unions are granted by Australia’s archaic industrial relations framework.

    The AFR View

    Editorial

    The AFR View
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    More From Today

    Brighton’s centre is all about coffee and the cool end of consumerism.

    The English town where Australia’s latte left would feel right at home

    Brighton’s trendy centre has an unmistakable inner-city or Byron vibe – and the politics to match. But can the Greens resist voters who are seeing red?

    • Hans van Leeuwen
    Jill Dupleix sips a frozen margarita waiting for her burrito at Guzman Y Gomez.

    What does a $3b burrito taste like? Jill Dupleix rates Guzman y Gomez

    Mexican food is at its best when it’s made by hand, with a squat stone molcajete and smoky char from a hot grill, and unlimited access to sun-dried Mexican chillies. This isn’t that.

    • Jill Dupleix
    Reserve Bank governor Michele Bullock is walking a fine line balancing interest rates and inflation.

    Bullock v the burritos: $3b float speaks to the RBA’s nagging problem

    Central banks have a problem: rate hikes are slowing the economy, but a wealth effect from housing and shares is keeping inflation sticky.  

    • James Thomson
    Now is the time for woke Australia to urgently re-visit all those famous “nuclear disaster” movies.

    It’s time to revisit all those famous nuclear disaster movies

    With debate about nuclear energy firmly in the zeitgeist, the movie business would be wise to contemplate redux versions of some box-office classics.

    • Rowan Dean
    Lexus NX450h+ F Sport

    Is Lexus’ plug-in hybrid the best NX on the market?

    A PHEV is either the perfect compromise or an expensive and unnecessary one, depending on your situation.

    • Tony Davis
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    Nice little earner: The ASX debut of Guzman y Gomez provided a financial windfall for co-CEOs Steve Marks and Hilton Brett, and early backer Tom Cowan of TDM Growth Partners.

    Winners are grinners at Guzman y Gomez, but real test to come

    TDM Growth Partners’ initial $40 million bet has delivered a massive return. But while first-day profits are nice, it’s long-term success that counts. 

    • James Thomson

    Yesterday

    Latitude Financial chief executive Ahmed Fahour.

    The fund meant to save Australia held ‘sham’ meetings

    The $15 billion National Reconstruction Fund is struggling to find investments, but it is great at holding meetings.

    • Aaron Patrick
    Office property valuations may not have hit the bottom just yet.

    Why the office property market is still in real pain

    Sliding valuations in Australian office real estate means the debate about whether the sector has hit the bottom will rage on. 

    • James Thomson
    Going hungry: there is a general reluctance in Australia to support new floats, so the likes of GYG are getting creative.

    Guzman’s three FOMO factors put life into IPO market

    As soon as you walked into the listing ceremony on Thursday, you could tell the stock was going to pop. It’s time to dust off those float candidates.

    • Anthony Macdonald
    The new homeowners seem happy to live next door to the Lucas Heights nuclear reactor, which has operated safely for over 60 years.

    Why I welcome a nuclear power station in my backyard

    I have never been against some solar and wind power. My message is that we need a balanced mix of energy types.

    • Matt Canavan
    China’s property crisis has crippled the economy.

    China’s banks feel the sting as problem loans mount

    China’s deepening housing market crisis is eroding the balance sheets of the country’s largest state banks.

    • Karen Maley
    Guzman y Gomez bosses Hilton Brett and Steven Marks will expand in South Australia via Viva Energy.

    This ASX giant is a secret winner from Guzman y Gomez float

    As Guzman y Gomez prepares for one of the most hyped floats in years, a $5 billion ASX giant is watching on with interest. 

    • James Thomson
    Peace. love and understanding: who, in 2024, would be considered “pure” enough to fund music or arts festivals?

    Britain’s arts sector learns the cost of being too pure for finance

    A bank and asset manager have withdrawn their sponsorship of music and book festivals in the UK after activists called for boycotts.

    • Celia Walden
    Julia Gillard replies to a motion by then-opposition leader Tony Abbott on the day of her famous misogyny speech in 2012.

    Gillard is right: Gender equality must mean no man left behind

    The former PM’s view that decades of advocacy have felt exclusionary is a challenge to invite men and boys into the conversation

    • Susan Lloyd-Hurwitz

    This Month

    Virgin Australia has streamlined its operations, but is in danger of becoming squeezed between premium services and budget carriers.

    Virgin IPO may not fly for next boss

    There are plenty of big questions for the airline’s next chief executive – including what the carrier will look like, and how it will be owned, in the long run.

    • Updated
    • Ayesha de Kretser
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    Feeding frenzy: Guzman y Gomez co-founder and CEO Steven Marks, and TDM Growth Partners founder Tom Cowan.

    How the market lost its mind over the Guzman y Gomez float

    The reaction to the fast-food group’s IPO has startled many market watchers. But strip away the memes, hoodies, bulls and bears, and it’s all about valuation. 

    • Updated
    • James Thomson
    Peter Dutton is proposing seven nuclear plants in Coalition electorates.

    End the nuclear ban. Don’t stop renewables

    There is a case for considering zero emissions nuclear power but as part of a technology-neutral energy approach to generating reliable baseload power and firmed wind and solar generation.

    • The AFR View
    Peter Dutton is proposing seven nuclear plants in Coalition electorates.

    Dutton is ready for a fight over his crazy-brave nuclear play

    You only have to consider the political context in which the nuclear power pledge was made to understand the Coalition feels it is a risk worth taking.

    • Phillip Coorey
    Mount Piper Power Station.

    Dutton’s high-stakes nuclear gamble

    The opposition leader is betting big on nuclear power, and Labor is delighted to take on his challenge.

    • Jennifer Hewett
    Is Peter Dutton serious? That’s the debate playing out in boardrooms.

    Nuclear debate healthy, shame about the timing

    It turns out Peter Dutton is deadly serious about sparking an energy debate. But is this really about nuclear? Big business is scratching its head.

    • Anthony Macdonald