- Opinion
- Israeli-Palestinian conflict
In the end, Payman gave Albanese no choice
For the second time in this sitting session Senator Fatima Payman has stolen the agenda and derailed the government’s attempts to spruik cost of living relief, writes Phillip Coorey.
- Opinion
- Australian economy
RBA’s new Englishman tells Aussies: you’ve forgotten how rich you are
If Australians don’t appreciate their fortune, as Andrew Hauser correctly points out, they may not be well placed to preserve it, writes Michael Stutchbury.
ASX shares to fall as UK, France elections weigh on investors
The benchmark ASX 200 is set to dip 0.5 per cent at the start of trade. The Bank of England has warned the French elections could trigger market volatility.
BHP accuses class action law firm of ‘losing’ 100,000 claimants
BHP lost its claim to have 33,000 claimants struck out of the class action it is defending over the 2015 Mariana dam disaster, but the overall figure still slipped from 700,000 to 600,000.
Pilbara gold miner Calidus collapses as Macquarie calls in receivers
The ASX-listed company runs the Warrawoona mine near Marble Bar in Western Australia and was working with SQM to develop the Pirra lithium project.
‘Unique position’ secures WA thousands more skilled migrants
Perth property prices have soared amid unprecedented migration. Now WA Premier Roger Cook has landed a promise of thousands more migrants to build more homes.
- Analysis
- Culture wars
In Australia, Tucker Carlson finds a new enemy: the ABC
The right-wing commentator wrongly accused the ABC of criticising him, in another example of how on society’s fringe the market for alternate realities runs strong.
Wealth Generation: News and views to help aspirational investors grow their wealth. In your inbox every Wednesday.
smart investor
When bank of mum and dad comes with interest
Retirees are increasingly expected to live with, care for and financially support older and younger family members. Here’s your guide to avoiding strife when it comes to wills, means testing and elder abuse.
The super funds with the most million-dollar members
After losing ground to industry super funds since the Hayne royal commission, data shows retail funds are fighting back when it comes to attracting and retaining high-net-worth members.
- Opinion
- Inflation
RBA forced into a humiliating rate-raising cycle
In a huge embarrassment for the central bank, its next move in interest rates should be higher, not lower, writes Christopher Joye.
Why you could be caught by the ‘wealth tax’ this year
Fast-rising wages and asset prices will leave more Australians facing Division 293 tax on their income and deciding whether to pay it from their super.
- Opinion
- SMSFs
SMSFs desert financial advice in face of looming crisis
The government’s quality of advice review was intended to make financial advice more affordable. So why are fewer SMSF trustees seeking financial advice?
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Companies
Pilbara gold miner Calidus collapses as Macquarie calls in receivers
The ASX-listed company runs the Warrawoona mine near Marble Bar in Western Australia and was working with SQM to develop the Pirra lithium project.
Nine considers expelling AI bots from checking out its content
Major publishers including the New York Times already restrict what services such as ChatGPT can see. Others say AI “scraping” is an “extinction-level event”.
ANZ boss says Suncorp ‘migration’ can avoid Westpac’s St George pain
Shayne Elliott insists he’s learnt from Westpac’s failure to integrate St George, while Suncorp’s Steve Johnston says he can now focus fully on insurance.
Adore Beauty snaps up Blue Mountains wellness brand Ikou for $25m
The online beauty retailer said the deal would support its “private label and physical store initiatives” as it attempts to increase its profit margins.
Retailers have bigger worries than possible interest rate rise
Nick Scali and Harvey Norman say they are getting squeezed from all directions. A rate rise would add to their woes but other costs are doing more damage.
Guzman y Gomez isn’t the only fast food giant with big plans
McDonald’s, Pizza Hut, Wendy’s. The race is on for who can grab the biggest slice of a $25 billion market, as big players scramble for sites and customers.
- Updated
- Mergers & acquisitions
Chalmers approves ANZ’s $4.9b Suncorp deal
The decision paves the way for the biggest merger in banking since the Commonwealth Bank took out ailing Bankwest during the global financial crisis in 2008.
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Markets
High-speed traders, short sellers face Asia crackdown
Regulators are tightening the screws on hedge funds as stocks slump in an apparent attempt to stabilise markets. Not everyone is convinced.
Goldman Sachs, UBS top tables as local bankers welcome big deals
Wall Street giants returned to the top of the coveted league tables as larger transactions returned, while UBS jumped seven spots to top M&A ranks.
Wall Street slips, inflation data bolsters rate pivot
Shares in New York fell, with megacap tech hit by a late wave of quarter-end profit taking. Disinflation narrative intact as focus shifts to jobs. Nike plunges.
Fed’s favoured inflation metric slows, supporting case for cut
The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.1 per cent from the prior month.
Bond yields retreat as traders temper RBA rate hike fears
Traders have pared bets that the RBA will raise rates this year, with some economists warning that financial markets overreacted to May’s inflation figures.
Opinion
Chalmers’ ANZ-Suncorp merger approval is ironic for bank competition
The whole drawn-out process could end up discouraging market dynamism by offering no way out to the smaller banks lacking the economies of scale to compete effectively.
Editorial
Will Keir Starmer go wobbly on AUKUS?
The fantasy of a post-Brexit “global Britain” is gone, but British Labour says it will be everywhere around the world, and all at once.
International editor
Joe Biden must quit now, in case he does actually win
The prospect of Biden as president for four more years is too scary to contemplate: the entire global order will be endangered if there is an empty vessel in the Oval Office.
Contributor
Better carrot and stick provides investment certainty for carbon cuts
The climate safeguard mechanism for large emitting facilities means reaching the 43pc emissions reduction target by 2030 is certainly “doable”.
Former energy regulator
Three elections, and it’s the same economic incoherence
Elections under way in the US, Britain and France are being fought on what voters want to hear, rather than on what adds up.
Editorial
Biden is a good man and my friend, but he must bow out
If there was ever a time that the world needs America at its best, it is now — because we are at the start of the biggest disruptions in human history, writes Thomas L. Friedman.
Contributor
Reports
Powering our energy future
With our renewable energy capacity needing to increase ninefold to meet our net-zero commitments, electrification is critical to our energy and economic future.
Sponsored
by AusgridPolitics
Defiant Payman suspended from ALP over pro-Palestinian support
Rogue Labor senator Fatima Payman has vowed to defy Anthony Albanese and the party again to express support for Palestine.
Push for Indigenous truth-telling amid voice ‘silence’
The Greens will seek to establish an Indigenous truth and justice commission as a prominent elder criticises the government’s “silence” following the referendum failure.
Don’t trade free speech for iron ore, jailed HK mogul’s son warns
Sebastien Lai wants the Albanese government to pressure China to release his pro-democracy father Jimmy Lai.
The secret breakthroughs that freed Assange
Legal proceedings against the notorious whistleblower ended after a long and delicate fight in the highest offices on three continents.
NDIS ‘unsustainable’ and ‘out of control’: Wayne Swan
Mr Swan was one of the architects of the NDIS, which is growing at 20 per cent per year and on track to become the most expensive area of government spending.
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World
Far-right looms as France votes in snap elections
France is voting in parliamentary polls that President Emmanuel Macron called this month, a gamble that has thrust the country into uncertainty over its future.
Rudd schmoozes Biden’s mooted replacements
Joe Biden’s poor debate performance has sparked discussion about who could replace him, and take on Donald Trump in November.
US, Europe warn Hezbollah to back off from Israel war
Western powers and Arab mediators issued the warning after Iran and Israel traded threats of what Iran said would be an “obliterating” war over Hezbollah.
Iran’s election pits reformist against ultra-hardliner
Iran will hold a runoff presidential election to replace the late Ebrahim Raisi after the top candidates failed to secure a majority.
France’s far-right ‘dream ticket’ chases election victory
Far-right leader Marine Le Pen anointed her youthful protege as prime minister in waiting, but the office may come sooner than either expected as France votes.
Property
Cannon-Brookes’ $10m office reno tops architecture awards
The focus on giving new life to old buildings is crucial at a time when preserving embodied carbon of existing buildings is an increasing priority.
- Exclusive
- Luxury property
Late pub baron’s chic apartment hits market for $19m-plus
The family of late Sydney hotelier Paul Irvin is selling his Darling Point apartment after a major designer overhaul revealed stunning harbour views.
- Exclusive
- Luxury property
Mining technology entrepreneur buys $30m Noosa home
The purchase was the second highest in Queensland residential history, after Gina Rinehart paid $34m for an oceanfront property at nearby Sunshine Beach.
Former Boral chief’s $25m waterfront mansion to smash suburb record
A sprawling property on Sydney’s lower north shore is expected to surpass the record sale price for Kurraba Point.
Mirvac sells $1.3b stake in new tower to Mitsui
The transaction is the latest evidence of the company’s efforts to trade out of lower-quality office assets and focus on new, premium ones.
Wealth
The super funds with the most million-dollar members
After losing ground to industry super funds since the Hayne royal commission, data shows retail funds are fighting back when it comes to attracting and retaining high-net-worth members.
I’ve saved $50,000 but have a large HECS debt – what should I do?
Banks do take tuition debt into consideration when assessing mortgage applications.
When bank of mum and dad comes with interest
Retirees are increasingly expected to live with, care for and financially support older and younger family members. Here’s your guide to avoiding strife when it comes to wills, means testing and elder abuse.
Technology
Meta threatens Australian news ban in media bargaining war
News sites and links could once again be blocked from Meta’s platforms if the social media company is forced to negotiate content deals with local publishers.
The ‘grindset’ is back in vogue for start-ups – with a health twist
Start-up bosses no longer just enthuse about working innumerable hours – now they recommend an ice bath after the innumerable hours.
Look at Zoox and Waymo to see Australia’s AI potential
The local ecosystem for investment in artificial intelligence is in its infancy, but could thrive if given the right funding.
Work & Careers
‘You smile too much’: the early career advice Danielle Wood ignored
Be brave and have fun, is what Australia’s leading women would say to their younger selves.
Why Cynthia’s uni trip to Silicon Valley was life-changing
Study-abroad programs have become something of a rite of passage for Australian university students, and it can be a life-changing experience.
Life & Luxury
- Exclusive
- Saleroom
Mr Melbourne’s $6m art collection was all about Sydney
Ron Walker helped build modern Melbourne but the works that hung in his Toorak mansion, and are now for sale, had a very Sydney flavour.
This Australian chef is the first to win three Michelin stars
After being plucked from near-obscurity at just 23, Brett Graham has hit the heights of global gastronomy. Now he’s turning his attention back to the farm.
How fashion and beauty are cashing in on the Olympics
The 2024 Games are being called “the fashion Olympics”, and Australian brands are muscling in on the action.
Christopher Esber first Australian to win French fashion accolade
The Sydney designer has won the prestigious ANDAM Grand Prize, taking home more than $400,000 in prize money.
The mysterious tyranny of trendy baby names
So you think that the unique name you picked for your kid makes you different? Turns out that’s a trend.
