Power price strength poses challenge for inflation target
Other areas of the economy will need to offset the impact of higher than expected power prices to keep inflation within target, economists say.
‘Critical issue’: Queensland businesses dismayed at visa allocation
Queensland will see its state-nominated permanent skilled migration allocation reduced from 900 to 600 spots and temporary visas reduced from 650 to 600.
- Editorial Of The Times
- US Supreme Court
The US Supreme Court gives a free pass to Trump and future presidents
In a step towards monarchy, the bedrock principle that presidents are not above the law has been set aside.
- Analysis
- Foreign relations
PM’s NATO knockback comes at perilous time
Turmoil in Europe, Asia, the Middle East and US means Australia needs to work hard on security relationships.
- Exclusive
- Small business
‘Naughty and nice’ list to be created for small business payments
Late payments by large companies are estimated to cost small and medium business $7 billion a year and contribute to their failures, prompting new rules from the federal parliament.
Nearly 3000 building companies go broke in a year
The construction sector remains by far the single largest category of insolvency as builders carry the ‘largest risk’.
Rising inflation tests RBA’s ‘limited tolerance’
More rate rises could be needed, as soon as August, after the Reserve Bank noted inflation “increased the risk” rates would not rein in CPI as quickly as forecast.
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tuesday tech
- Exclusive
- Venture capital
Frazis unveils venture capital fund, makes first investments
The Gen Y tech investor has nabbed stakes in a dozen start-ups in tech, health and e-commerce, thanks to $10 million raised from wealthy investors.
- Exclusive
- Venture capital
The untold story of struggling start-up survival rounds
Delivery company Sendle raised almost $90 million in good times, but venture capitalists have likened the terms on its latest raise to payday lending.
What this start-up founder learned from the public death of her company
Mina Radhakrishnan, the only founder of a collapsed start-up brave enough to speak at the Financial Review Entrepreneur Summit, hopes the industry values battle scars as she tries again.
Big tech ordered to develop solutions to stop kids finding porn
The eSafety Commissioner has given internet companies six months to find a plan to stop kids stumbling across porn while searching for sites such as YouTube.
- Exclusive
- Funding
Financial adviser tech firm $20m richer after funding dash
Dash Technology, a Sydney fintech that sells software to financial advisers, has secured $22 million funding, with $20 million coming from ASX-listed VC firm Bailador.
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Companies
- Exclusive
- Private equity
Blackstone, ANZ join forces to target rich families in volatile world
The pair launched a new fund that puts a higher price on alternatives in today’s more “volatile” investment landscape.
Transurban beds down new executive team after restructure
An operations manager has left Transurban’s Brisbane office as the toll road group’s new executive management team tries to shake off claims it breached the Fair Work Act.
ANZ lashed for charging fees to dead people
The Banking Code Compliance Committee said deficiencies in the bank’s compliance frameworks for dealing with deceased estates were “deeply concerning”.
HESTA returns 9.1pc, looks for domestic opportunities
Soaring global equity markets drove the industry super fund’s high returns, but its investment team believes local markets will be more fairly valued going forward.
Bendigo Bank names new CEO
Marnie Baker is bowing out after six years at the helm of the regional lender, elevating Bendigo’s chief customer officer Richard Fennell to be its next CEO.
Rising cheese prices bite into Domino’s earnings: Barrenjoey
Barrenjoey has slashed its earnings forecasts for Domino’s due to a slower store rollout, weak Japanese yen and rising cheese prices.
Agribusiness sells livestock vessel and share price jumps 117pc
Paul Holmes à Court-backed Wellard is selling its oldest carrier, the Ocean Ute, in a move that has more than doubled the company’s share price.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
- Analysis
- Pets
Roaring Kitty’s pet food play is more like a dog’s breakfast
The man behind the GameStop mania of 2021 has a new $US250 million bet: pet food retailer Chewy, but it isn’t going to plan.
More pain tipped for lithium stocks as rout takes hold
Brokers are warning that the nose dive in lithium prices is far from over, spelling more trouble for the ASX’s worst-performing mining companies.
European stocks rise after first round of French vote
France’s blue-chip CAC 40 index jumped 1.1 per cent to lead gains among regional markets. The European banking index had its best day in more than a year.
ASX slips as rate worries weigh; Liontown, Woodside rally
Australian shares open modestly lower, led by banks and health stocks. Nasdaq leads US benchmarks higher. Liontown halts shares. Follow updates here.
What happened overnight? US megacap techs rallied to start quarter
Australian shares were set to open lower. On Wall Street, Apple, Microsoft and Tesla paced the advance. US bond yields spiked higher. Iron ore, oil were higher.
Opinion
Resurgent Trump will have consequences for Australia
Trump 2.0 will pile rising expectations in Washington on Australia’s military readiness and on its strategic minerals. But that’s just the start, writes Patrick Gibbons.
Corporate advisor
How to end our incoherent housing policies
There is no silver bullet to fixing housing affordability. What government can do is adjust the policy mix to make it more cost-effective.
Power price inflation risk for RBA and Labor
Australia’s green energy superpower hope is cheap and clean power. The near-term reality is higher than expected electricity prices to the end of the decade.
Editorial
When the numbers just don’t add up
MAGA in the US and National Rally in France are both making voters big economic promises, but their ideas have some massive holes, writes Paul Krugman.
Contributor
Liberals panic worldwide as Trump, Le Pen rise
Liberals are in for a long struggle as nationalist populism surges in the US and Europe, writes Gideon Rachman.
Columnist
AUKUS ‘moonshot’ may be a tragically expensive failure
It is alarming that both Coalition and Labor politicians fail to acknowledge the risk that Australia could be left with no submarine capability by the end of the 2030s.
International editor
Reports
Women in Leadership awards
The awards celebrate outstanding achievements of women poised to enter the upper echelons of corporate life and government. Meet the winners in eight sectors.
Politics
Greens seek profit from human misery: Labor MP
The Greens say they will keep trying to destabilise the government over the war in Gaza.
- Updated
- Supermarket wars
Dutton’s break-up powers are populist ‘madness’: Kennett
Former Victorian Liberal premier Jeff Kennett said the Coalition’s plan to break up Coles and Woolworths was “madness” that demonised employers and would not bring down prices at the checkout.
Labor appoints former NBN boss as nuclear head
Mike Quigley has been appointed as the head of the federal government’s peak nuclear organisation.
Farmers vow to hurt Labor over live sheep export ban
WA farmers will begin doorknocking in marginal Labor-held electorates this week, vowing to make the Albanese government pay for a ban on live sheep exports.
Qld mulls expansion of stamp duty discounts in shake-up
Expanding stamp-duty concessions and overhauling land tax in Queensland will be considered as part of a new tax shake-up.
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World
Campaigners seek to harness Gaza anger among UK Muslim voters
Britain’s ‘Muslim Vote’ campaign is looking to win enough votes to send a strong message to the new parliament.
- Analysis
- Shipping
Chinese exporters raise fears of Christmas freight crisis
Red Sea attacks have pushed up costs and put pressure on profits during a critical season for trade. There are also worries US tariff increases could add further to costs.
Russia ends housing mortgage subsidy that stoked a property boom
With state support ending for most eligible groups, the real estate market that’s been one of the key drivers of Russia’s wartime economy faces uncertainty.
‘Dangerous precedent’: Biden lashes Trump immunity ruling
The Supreme Court ruled Donald Trump has immunity for actions he took in office. Joe Biden says the decision means his opponent will “now be free to ignore the law”.
‘Immune, immune’: Why the US court decision is critical for Trump
A conservative majority has broken legal ground and reshaped prosecutions against the former president, while liberals lament.
Property
Priced out of housing, communities take over development
Easing of investment restrictions allows neighbourhood groups to finance unconventional projects that banks and institutional lenders won’t touch.
Crown Group founder fails to raise funds to buy back 473-unit site
Crown Group co-founder Paul Sathio had won the tender to buy the site but was unable to accrue enough funds by the settlement date.
- Exclusive
- Architecture
‘Huge demand’: Australia’s largest design firm expands worldwide
Architecture practice Woods Bagot is focusing on growing demands for luxury and non-traditional consultancy services for design firms.
Lendlease sells US military housing business for $480m
The divestment of its contract to maintain and manage 40,000 military housing units is the latest part in the $4.5 billion divestment and global retreat.
Quintessential’s $250m Brisbane office deal confirms valuation slump
Quintessential’s $250m purchase of 240 Queen Street in Brisbane from Brookfield crystallises a 17pc fall in the tower’s value from its peak.
Wealth
‘I had my bank account cleaned out and $5000 is all I got back’
With scammers getting increasingly sophisticated, don’t rely on your bank to bail you out.
- Opinion
- Investing
The best way to invest an inheritance
Buy shares with the lot or “drip-feed” into the market over a period of time? This is how the numbers stack up.
- Opinion
- Sharemarket
What to do if you have big wins in your share portfolio
It’s easier to manage concentration risk if you hold direct shares, but not so simple if you’re an ETF investor.
Technology
We’re not coming for your job, AI companies say
A report funded by the AI industry says artificial intelligence will create 200,000 jobs in Australia by 2030.
Why this $4300 home Wi-Fi router may just be worth it
In two of the three criteria that matter most to us in the Digital Life Labs, Netgear’s Orbi 970 is the best home Wi-Fi router we’ve ever reviewed.
What this start-up founder learned from the public death of her company
Mina Radhakrishnan, the only founder of a collapsed start-up brave enough to speak at the Financial Review Entrepreneur Summit, hopes the industry values battle scars as she tries again.
Work & Careers
Why underperforming executives need to be worried
It’s about doing more with less and finding leaders who can operate in that environment, says the managing partner at an executive search firm.
Aged care pay rise delayed due to Labor funding decision
Pay rises for 250,000 aged care workers of up to 14 per cent – likely costing up to $5 billion extra in government funding – have been delayed until next year.
Life & Luxury
This 59-year-old play about broke divorcees oddly suits the times
Two of Australia’s great comedic actors make this revival of Neil Simon’s The Odd Couple a funny, relatable affair.
Stop ‘chopping’: What your cushions say about you
Do yours have the right filling and requisite roundness? Or do they have ‘bunny’s ears’ and unspeakable foam? Here is a purist’s guide.
- Drinks With Max Allen
- Wine & spirits
This berry-infused gin is about so much more than botanicals
In his day job, Sam Kirby works in disaster recovery. But he wasn’t going to let just anyone make a spirit with the native fruit long picked his family.
This is LG’s best OLED TV ever, despite the dumb AI
In an unfair fight, the Digital Life Labs has pitted LG’s new OLED G4 TV against an old Samsung TV we often couldn’t even switch on.
I drank like a Boomer. Here’s what it did to my body
A tot before breakfast, a brightener here, a livener there – the older generation has perfected the art of perma-imbibing. Could I keep up?
