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Australia crashes from T20 World Cup after epic Afghan win
Australia is heading home from the Twenty20 World Cup elimination after a heavy loss to India and Afghanistan’s enthralling win over Bangladesh.
- 39 mins ago
- Scott Bailey and Oliver Caffrey
Qantas plummets in world airline rankings, again
Fiji Airways beat Qantas and Air New Zealand in the global poll in which the Australian carrier recorded its worst performance for a decade.
- 1 hr ago
- Ayesha de Kretser
Qld to force public buyout of scandal-plagued Callide C power station
Queensland will force a buyout of Callide C power station after a damning report cited alarming safety risks behind the catastrophic explosion in 2021.
- James Hall and Angela Macdonald-Smith
AI beats the experts at detecting prostate cancer
When international AI teams competed with a pool of 62 radiologists in the first large-scale contest to diagnose prostate cancer, the machine won.
- Jill Margo
1pc of your super for venture capital? Add it to the list
Everyone wants a piece of the $3.9 trillion super system and now we can add venture capital. The problem is, it is not the government’s money to redirect.
- Anthony Macdonald
KFC eaters are cutting back as economy slows
Collins Foods runs 279 KFC outlets in Australia and says same-store sales have gone backwards in May and June, but Taco Bell, a small rival to Guzman y Gomez, is making minor headway.
- Simon Evans
Opinion & Analysis
Dutton leads us forward with nuclear power push
Letters from readers on Peter Dutton’s nuclear energy policy; the sale of gas to Japan; Labor’s code of conduct for supermarkets; and the damage caused by social media
Contributor
The big lie of the big-stick code is lower grocery prices
By adding cost and complexity, these reforms may well increase the cost of doing business and this could be passed on to consumers at the checkout.
Consultant
French far-right Rassemblement National tries to soothe nervous markets
The French far-right party Rassemblement National is borrowing heavily from Macron’s economic policy in a bid to reassure nervous investors, while using immigration and security as points of differentiation.
Columnist
Cettire downgrade cracks market’s brittle trust
New battlegrounds have been drawn after a shock profit downgrade halved Cettire’s sharemarket value.
Companies in the News
Commonwealth Bank
Woolworths
National Australia Bank
Westpac Banking Corporation
Updated: Jun 25, 2024 – 3.57pm. Data is 20 mins delayed.
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Featured
- Analysis
- Due diligence
Deterra’s big-ticket bet on lithium royalties faces tough reception
After years of being criticised for high costs and inaction, Iluka-backed Deterra Royalties has bid for Trident Royalties and is facing a backlash, again.
- Jemima Whyte
Over budget and plagued with delays: UK nuclear lessons for Australia
The big challenges facing nuclear power in Britain, both for large reactors and SMRs, are not technological or economic, but largely administrative and logistical.
- Hans van Leeuwen
American nuclear set for biggest overhaul in history
A divided Congress has just agreed to speed up nuclear reactor development. The president will sign off on it next week.
- Matthew Cranston
More From Today
Dutton leads us forward with nuclear power push
Letters from readers on Peter Dutton’s nuclear energy policy; the sale of gas to Japan; Labor’s code of conduct for supermarkets; and the damage caused by social media
- 42 mins ago
- Opinion
- Supermarket inquiry
The big lie of the big-stick code is lower grocery prices
By adding cost and complexity, these reforms may well increase the cost of doing business and this could be passed on to consumers at the checkout.
- Robert Hadler
Czech coal baron fails to get FIRB approval to buy Australian miner
Pavel Tykac’s family office, Sev.en Global Investments, had signed an agreement in September to acquire 51 per cent of Coronado Global Resources.
- Elouise Fowler
- Opinion
- Investing
French far-right Rassemblement National tries to soothe nervous markets
The French far-right party Rassemblement National is borrowing heavily from Macron’s economic policy in a bid to reassure nervous investors, while using immigration and security as points of differentiation.
- Karen Maley
- Banking Award Winner
- Women in Leadership
The ‘utterly shocking’ moment that made Westpac leader want to flee
Siobhan Toohill, the winner of the Financial Services - Banking category, faces a new frontier after 10 years leading Westpac’s sustainability efforts, including convincing the board to ditch new oil and gas projects.
- Ayesha de Kretser
Versatile risk-taker who shines when the going gets tough
Washington H Soul Pattinson’s Jaki Virtue swears by the power of ‘unknown sponsorships’, as she takes out the Financial Services - Non-banking category.
- Kanika Sood
Bombora poised to swap RE as redemption freeze drags
Street Talk understands the pre-IPO fund manager has tapped smaller outfit Quay Fund Services to take over as a responsible entity from Evolution Trustees.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The Ozempic effect: How weight loss wonder drug gobbled up an economy
Pharmaceutical giant Novo Nordisk has grown so large in its native Denmark that it’s hard to find staff. Meanwhile, its philanthropic foundation is running out of local causes to support.
- Sanne Wass and Naomi Kresge
- Exclusive
- Gas
Queensland approves new gas exploration
The state has awarded tenders for six petroleum and gas exploration areas across the Bowen and Surat basins as a gas crisis grips the country.
- James Hall
Yesterday
CEO pay goes green, but details lacking on performance measures
It’s one thing to set CEO remuneration based on climate change goals; it’s another to be able to properly measure them.
- Anthony Macdonald
ASX-listed uranium miner seeks to build $5.26 billion global giant
Paladin Energy has pitched a takeover of Toronto-listed Fission Uranium to bring its proposed Canadian mine into production by 2029 to meet global demand.
- Elouise Fowler
‘Dark doldrums’ hits wind power supply
A “drought” in wind power generation, described by the German word dunkelflaute meaning “dark doldrums”, has surprised the market and contributed to a squeeze on east-coast gas supplies inflating wholesale prices.
- Angela Macdonald-Smith
- Analysis
- Fashion retail
Cettire downgrade cracks market’s brittle trust
New battlegrounds have been drawn after a shock profit downgrade halved Cettire’s sharemarket value.
- Jonathan Shapiro and Carrie LaFrenz
Simon Holmes a Court and the energy charity shell game
The Smart Energy Council’s affiliations with an outside corporate vehicle raise questions about its charity status.
- Mark Di Stefano
Armaguard and the banks now trust each other, says Linfox chairman
There has been a big turnaround in the relationship between the cash transport monopoly and its eight biggest customers.
- James Eyers
Mystery buyer raids Spartan Resources’ register; Citi on trade
Fund managers were told to bid in 1¢ increments from an 82¢ floor to a maximum of 89¢ per Spartan share.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Strike unveils gas plant play, urges WA to green-light onshore exports
Strike Energy has announced a plan to build and operate a $160 million gas plant north of Perth.
- Tom Rabe
Mining’s push for gender diversity threatened by ‘Andrew Tate’ effect
A belief that women are being promoted based on gender, not ability, has permeated to middle management and board level, according to some female leaders.
- Harry Dempsey
- Opinion
- Chanticleer
Cettire’s 50pc crash a story of life in the fast lane
Cettire founder Dean Mintz will push on; that’s what founders do. While he looks at China, the capital markets game rages.
- Anthony Macdonald
Cettire plunges 50pc on profit downgrade as luxury pinch strikes
Cettire blamed a challenging environment in online luxury fashion for a big earnings miss that sent its share price tumbling.
- Updated
- Jonathan Shapiro and Carrie LaFrenz
