- 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.
- Analysis
- IPO
Guzman y Gomez’s big challenge? Keeping its franchisees smitten
The growth of the Mexican-themed fast-food business is directly tied to its store owners. The experience of other companies shows managing this is no easy task.
Solomon Lew’s surprise role model? Vegas mogul Sheldon Adelson
Like the colourful businessman, the billionaire rag trader won’t stop building his empire. And Myer, with a new chief, is finally playing ball.
- Exclusive
- Architecture
The Australian architecture firm with plans for global growth
The country’s largest architecture practice, Woods bagot, is focusing on growing demands for luxury and non-traditional consultancy services for design firms.
- 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.
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.
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Companies
Officials warn US, EU manufacturing boost could hit Australian miners
China is Australia’s largest buyer of resources, and in the last financial year accounted for $156 billion in sales, to feed its factories and power stations.
Corporate Travel boss lends to exec he once gave $13m in shares to
Jamie Pherous had previously transferred stock to the company’s former executive director for no consideration to help with her “health challenges”.
- Analysis
- IPO
Guzman y Gomez’s big challenge? Keeping its franchisees smitten
The growth of the Mexican-themed fast-food business is directly tied to its store owners. The experience of other companies shows managing this is no easy task.
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”.
Solomon Lew’s surprise role model? Vegas mogul Sheldon Adelson
Like the colourful businessman, the billionaire rag trader won’t stop building his empire. And Myer, with a new chief, is finally playing ball.
- 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.
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.
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Markets
- Opinion
- Interest rates
The RBA is walking a tightrope between inflation and jobs
As Reserve Bank deputy governor Andrew Hauser said on Thursday, it’s a mistake to change policy on one piece of data. But it is an egregious folly to ignore serial indications of sticky inflation.
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.
Opinion
In the end, Payman gave Albanese no choice
For the second time in this sitting session Fatima Payman has stolen the agenda and derailed the government’s attempts to spruik cost-of-living relief.
Political editor
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
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
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
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
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
‘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.
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.
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.
Why people with cancer don’t get the full benefit of clinical trials
Australian researchers say regulators should mandate the requirement to share data.
- Updated
- Israeli-Palestinian conflict
Albanese banishes rebel Labor senator
Rogue Labor senator Fatima Payman has vowed to defy Anthony Albanese and the party again to express support for Palestine.
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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.
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.
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.
Biden tries to calm wealthy donors after dismal debate performance
The president held fund-raising events with Democratic donors amid calls for him to step aside over concerns about his fitness.
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.
Property
Property buyers spooked by talk of another rate rise
Fewer home buyers are willing to pay above the auction reserve and more buyers are pulling out on fears of another increase in interest rates.
- Exclusive
- Architecture
The Australian architecture firm with plans for global growth
The country’s largest architecture practice, Woods bagot, is focusing on growing demands for luxury and non-traditional consultancy services for design firms.
- Exclusive
- Property development
Developers rush to snap up $350m Qld fund to boost housing density
The industry has called for new tax incentives to increase housing supply following the mad rush to snap-up a development fund.
US private equity firm lists $250m farming portfolio
Proterra Investment Partners is having another go at selling its One Tree Agriculture portfolio spanning 21 farms in NSW and Queensland.
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.
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.
