More RBA rate rises ‘unwarranted’ as non-migrant jobs growth tumbles
Yarra Capital chief economist Tim Toohey has cut his economic growth forecast from 2.25 per cent to 1.75 per cent in 2024-25, well below the RBA’s 2.1 per cent.
Against a gloomy security outlook, leaders gather for NATO summit
Australia will have a diminished presence as the summit grapples with China, Russia, Iran and North Korea working together to upend the global order.
Russia hits Kyiv children’s hospital in missile attack that kills 20
Russia launched a missile attack across five cities in Ukraine, striking a children’s hospital and apartment buildings and killing at least 20 people.
Scyne hires from public service, new KPMG role for former OECD exec
Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.
South Africa open to deals – it’s all in the approach
South Africa’s government will do deals, like the ones BHP would need to acquire Anglo American, but they need to be done discreetly.
Copper boss in swipe at BHP after $393m Indonesian-led takeover bid
Indonesia’s billionaire Salim family has swooped on Australia’s biggest fully permitted copper project.
UK results signal Labor threat from Muslim Vote
Labor believes the war in Gaza will boost independents and the Greens, including in the Melbourne electorate of Wills.
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MONDAY MEDIA
Mediaweek publisher to ‘step back’ amid workplace misconduct claims
Formal complaints about alleged behaviour of Trent Thomas, owner of the trade media publication, lodged by two people and investigated by external firms.
‘We know nothing’: Media blasts information void in privacy reform
Uncertainty about the Albanese government’s new privacy laws threatens billions in advertising, with one data firm urging clients to pause online targeting.
Todd Woodbridge and the jackpot quiz thwarting Seven’s news offensive
The former tennis star and Nine presenter is upending the 6pm news ratings battle because of the unlikely success of the game show he hosts at 5pm.
Mediaweek rocked by sexual harassment allegations
Trent Thomas, who owns and runs Mediaweek, was found by an internal HR investigation to have sexually harassed and bullied staff.
Airtasker bets $10m stake on radio, outdoor media surge
Airtasker founder Tim Fung has signed two deals in two weeks with media companies to promote its gig economy platform.
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Companies
Mediaweek publisher to ‘step back’ amid workplace misconduct claims
Formal complaints about alleged behaviour of Trent Thomas, owner of the trade media publication, lodged by two people and investigated by external firms.
Network Ten owner sold to ‘Top Gun’ billionaires
The billionaire family behind Oracle Corporation along with ‘Mission Impossible’ and ‘Top Gun’ films will take control of the network in a complex deal.
HMC Capital chooses battery storage for first climate investment
David Di Pilla’s asset manager will pay up to $50 million for a controlling stake in StorEnergy, which is headed by a former Spark Infrastructure executive.
Copper boss in swipe at BHP after $393m Indonesian-led takeover bid
Indonesia’s billionaire Salim family has swooped on Australia’s biggest fully permitted copper project.
- Investigation
- Property development
Investors ‘hung out to dry’ as NDIS housing schemes fail
Investors had been pitched double-digit “government-backed” returns. But there are no signs of those and, without tenants, there is little choice but to liquidate.
Private credit jumps 45pc in five years and is threatening banks: Citi
Risk-averse major lenders have created a “structural” change in the market by staying away from indebted companies and commercial real estate, analysis says.
Can the NRL pull off its biggest ever expansion?
The NRL is deciding whether to expand to a 20-team competition. The rewards could be huge, but the clubs aren’t so confident.
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Markets
Why Morgan Stanley says this ASX 200 ETF is the best
Exchange-traded funds that track a major index continue to grow in popularity among investors, but which one is better?
Why the Aussie dollar rally could just be getting started
It’s a good time for Australians to be heading overseas, with the currency’s surge to a six-month high likely to extend into the second half of this year.
Copper a better bet than iron ore and lithium
UBS is tipping copper over other commodities after prices climbed nearly 4 per cent in a week, amid signs of a tighter market for the industrial metal.
Some of the Gulf’s most influential investors? They’re Australians
The region’s state-owned investment funds that account for more than $US3 trillion ($4.44 trillion) in capital – increasingly deployed into Australian companies.
ASX slips as iron ore sell-off extends; BHP, Rio Tinto fall
Australian shares edge lower. Core Lithium rallies as other lithium miners fall. Iron ore extends Friday drop.
Opinion
For anyone but Trump, US needs anyone but Biden
It’s likely Joe Biden will stumble again on the campaign trail, giving Americans more reason to make the Hobson’s choice of voting for the morally-unfit Donald Trump.
Editorial
The one reason swing states are turning back to Trump
Joe Biden is still betting big he can move key swing states his way, but Arizona was shifting back to Trump well before that debate.
Columnist
This is the new normal of office life
Flexible working patterns in a decent place that makes it easy to do the job you’re paid for is a basic recipe for success in a post-pandemic world.
Columnist
Economic logic always trumps junk politics
Brexit, MAGA trade policies, and the Coalition’s nuclear power push will fail because they make no economic sense.
Former Labor minister and economist
Our larrikin egalitarianism is more appealing than tribalism
This is another critical time for this nation’s multiculturalism. Anthony Albanese must lead the case against sectarian identity politics that might unsettle it.
Columnist
Vested interests at play in the chronic disease explosion
A search for good nutrition opened a Pandora’s box of snake oil salesmen and crackpot solutions. It also provided clues to the surging levels of chronic disease.
Contributor
Reports
Law partnership survey
After a period of caution following a pandemic-era peak our Law Partnership Survey shows firms have roared back, with growth near its COVID-era record.
Sponsored
by UNSW SydneyPolitics
UK results signal Labor threat from Muslim Vote
Labor believes the war in Gaza will boost independents and the Greens, including in the Melbourne electorate of Wills.
More RBA rate rises ‘unwarranted’ as non-migrant jobs growth tumbles
Yarra Capital chief economist Tim Toohey has cut his economic growth forecast from 2.25 per cent to 1.75 per cent in 2024-25, well below the RBA’s 2.1 per cent.
No backward step cutting off money flow to criminals: Dreyfus
The strong words from the attorney-general will come hours after the international body tasked with co-ordinating global AML/CTF efforts slams Australia’s performance.
Australia pours millions into Pacific banks to counter China influence
The worry among the national security establishment is some Pacific Island countries will be forced to rely on Chinese financial institutions, which are pushing into the region.
Against a gloomy security outlook, leaders gather for NATO summit
Australia will have a diminished presence as the summit grapples with China, Russia, Iran and North Korea working together to upend the global order.
SPONSORED
World
House Democrats join calls for Biden to step aside
More Democrats in Congress are expected to voice their concerns that the president step aside, but others are mounting efforts to stand by him and refocus.
The untold story of the most chaotic NATO summit ever
Donald Trump’s hijacking of the 2018 NATO summit marked the biggest turning point in the history of the alliance that has guaranteed European security since 1949.
Boeing to plead guilty to fraud for violating deal on 737 Max crashes
The guilty plea marks a low point in the company’s century-long history after years of turmoil sparked by two crashes.
- Opinion
- World elections
France heads back to its postwar era of ungovernability
France seems to be turning the clock back to the 4th Republic, the volatile postwar period when the presidency was weaker and a raucous parliament was supreme.
- Analysis
- World elections
How it all went wrong for Le Pen’s National Rally
The second round of the election was framed as a referendum for or against the hard right party, and the French clearly came out against.
Property
Foreign land buyers take class action against Victorian surcharge
It’s the latest step in a debate between those who argue taxation based on nationality is discriminatory and state governments that say it’s about revenue.
Home loan size hits record $626,055 as Perth, Brisbane power up
Owner-occupiers are, on average, taking out larger loans than ever before despite the fact the cash rate is sitting at a 12-year-high.
One-bed unit, no car park – the price? Almost $1m
There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.
Redcape sells trio of pubs for $136m to meet priority redemptions
Redcape managing director Chris Unger said the group will pay out priority redemptions and provide $40 million of liquidity over the next year.
Winter chill, school holidays cut auction volumes
Buyers and sellers are cautious about the interest-rate outlook, but are still willing to pay strong prices for good homes – when they can find them.
Wealth
Super fund savings will ride out ‘year of elections’: CIOs
But investment chiefs warn that the rise of populism or an increase in US-China tensions could flow through to short-term returns.
Time to buy into tech stocks has passed, says UniSuper
Soaring technology stocks helped increase the retirement savings of the fund’s customers last financial year, but it’s hitting the pause button on further investment.
Aware Super cashes in on tech, healthcare bias to return 11pc
Aware follows several other super funds with high global equities exposure reporting returns of more than 11 per cent for 2023-24 as tech stocks soared.
Technology
- Exclusive
- Start-ups
Start-up ditches carbon credits supplier after Zimbabwean fiasco
Sendle’s CEO says it has found new suppliers to stay carbon neutral as it faces a wave of discontent from former staff.
- Analysis
- The Breakdown
Zuckerberg shows he is, like a teen, desperate to be cool
The man who has everything is still stung by criticism and anxious for validation online, proving his critics right about Meta’s effects on mental health.
Mt Gox repays ‘forced’ bitcoin holders years after its collapse
Japanese bankruptcy lawyers have begun repaying thousands of creditors of collapsed crypto exchange Mt Gox, including some Australians.
Work & Careers
- Exclusive
- Gender equality
Even in the C-suite, some women feel disrespected
Culture Amp research suggests that while all men in C-suite positions believe their opinions are valued, 10 per cent of C-suite women don’t.
Sending kids to selective schools doesn’t pay off: study
Demand for selective public high schools far outweighs places, but a new study casts doubt on whether they live up to their promise.
Life & Luxury
The all-in-one physical, mental and emotional workout
Kimbali Harding began learning piano as a toddler. The hobby has not just guided her career choice – she can’t imagine her life without it.
- Driving With Tony Davis
- Motoring
The upgraded Tesla that’s cheaper than its predecessor
The new Model 3 Performance delivers a power boost and driving modes that range from Chill to Insane.
The secret to ageing may lie in AP-1
Australian researchers appear to have uncovered a crucial master controller that governs the activity of human genes as we develop and age.
Why you probably need to rethink your bucket list
Rather than grand plans, small actions every day are the key to achieving happiness and a sense of worth.
Why Sofia Coppola is so enamoured by this particular lip balm
Such is her dedication to European brand Augustinus Bader, the movie director has helped it create three tinted versions.
