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    The worrying signal small business is sending on the economy

    If the sector is the canary in the coal mine, Australia’s economic growth is not looking good, according to a new economic indicator from accounting software giant MYOB.

    • Ronald Mizen
    Damian Graham, who oversees $160 billion of superannuation assets, has seven direct reports.

    No rate cuts and maybe a rise as inflation sticks, super funds warn

    The investment chiefs of the country’s biggest funds also have a bleak outlook for Aussie shares over the next year, after global equities drove double-digit returns in FY23.

    • Hannah Wootton

    Revealed: Turnbull’s Paris option to revive French subs deal

    Former prime minister Malcolm Turnbull paved the way for Australia to renegotiate the French submarine contract when Labor came to power, but there was silence from the new government.

    • James Curran

    This trailblazer turns destructive weed into a replacement for coal

    Biomass Projects has plans to build the world’s largest biochar production on a 225,000-hectare Pilbara plot that is overrun with mesquite.

    • Gus McCubbing

    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.

    • Ronald Mizen

    Federal Court allows class action contingency fees

    Law firms will be able to run class actions off their own balance sheets in the Federal Court and share in damages awards.

    • Ronald Mizen

    Opinion & Analysis

    Australians need a sharp reminder of how well off they are

    A new study is an objective demonstration of why Australians have no cause to mimic the populist rhetoric that has poisoned politics in the US and Europe.

    The AFR View

    Editorial

    The AFR View

    Shipping shock glimpse of world without rules

    The Houthi missile blockade in the Red Sea driving a new spike in import freight costs shows a global exporter and importer such as Australia has a critical interest in maintaining free and open global trade.

    The AFR View

    Editorial

    The AFR View

    Democrats simmer over no-win dilemma as Biden support ebbs away

    President Joe Biden is losing political traction on Capitol Hill as congressional Democrats count the cost of his determination to stay in the race.

    Ukraine remains NATO’s pressing test of global relevance

    The shadow that hangs over NATO’s 75th birthday is a strange brew of populism that now endangers the alliance’s claim to modern strategic relevance.

    The AFR View

    Editorial

    The AFR View
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    More From Today

    Middle Australia has every opportunity to rise up the income ranks, according to new Productivity Commission analysis.

    Australians need a sharp reminder of how well off they are

    A new study is an objective demonstration of why Australians have no cause to mimic the populist rhetoric that has poisoned politics in the US and Europe.

    • The AFR View

    Shipping shock glimpse of world without rules

    The Houthi missile blockade in the Red Sea driving a new spike in import freight costs shows a global exporter and importer such as Australia has a critical interest in maintaining free and open global trade.

    • The AFR View
    George Clooney has withdrawn his support for Joe Biden’s presidential candidacy.

    Democrats simmer over no-win dilemma as Biden support ebbs away

    President Joe Biden is losing political traction on Capitol Hill as congressional Democrats count the cost of his determination to stay in the race.

    • Jennifer Hewett

    Yesterday

    US President Joe Biden stands with fellow NATO leaders during a group photo in Washington DC for the alliance’s 75th anniversary.

    Ukraine remains NATO’s pressing test of global relevance

    The shadow that hangs over NATO’s 75th birthday is a strange brew of populism that now endangers the alliance’s claim to modern strategic relevance.

    • The AFR View
    For the first time, Australia is mentioning shadowy Chinese cyber wardare organisations by name.

    Asian allies key to our cyberdefence against China

    Japan and South Korea have for the first time joined Five Eyes allies led by Australia in directly calling out Chinese cyberattacks, but more can be done.

    • Alastair MacGibbon
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    The best way to empower ASIC to tackle bad corporate behaviour

    Readers’ letters on beefing up ASIC’s powers; discriminatory land tax; and the dangers of neglecting science.

    Opposition Leader Peter Dutton is now pushing for nuclear power plants, such as this one in Georgia, in the US, to solve Australia’s need for new energy generation.

    It’s an energy race between the implausible and the impossible

    Peter Dutton has come up with a nuclear-powered cost of living wedge to expose Labor’s overreach on renewables and sustainability.

    • Matthew Warren
    President Joe Biden delivers a NATO summit welcome speech.

    Inside the Democrats’ fight over Biden

    Hosting the NATO summit was supposed to help the US president demonstrate unity within the Democratic Party. But it is tearing itself apart.

    • Jennifer Hewett

    This Month

    Foreign Minister Penny Wong has criticised malicious foreign cyber activities.

    Where do Australia’s China ties go after hack?

    The public outing only raises the question of where Australia takes the matter from here, and what it expects China to do.

    • The AFR View
    New UK Prime Minister Keir Starmer.

    Starmer’s centre-right policies will not bring meaningful change

    Readers’ letters on the shrinking centre of politics; harsh punishment in Queensland; Peter Dutton’s supermarkets plan; Victoria’s Suburban Rail Loop; and the ambiguity of Palestinian protesters.

     SSNs, as these submarines are referred to in military parlance, are incredibly powerful assets capable of multiple roles.

    Control of the sea is worth gambling on AUKUS

    To any objective observer it is apparent acquiring nuclear-powered submarines has significant advantages for national security. However, these come with major costs and risks.

    • Richard Dunley
    A nuclear power plant in Bavaria, Germany.

    CSIRO brings science, not politics, to electricity cost debate

    Some nuclear fans claim the agency has a position on Australia’s energy mix. That is both wrong and a misinterpretation.

    • Doug Hilton
    President Joe Biden.

    Confused despair grips Democratic voters

    Joe Biden seems to be revelling in his determination to once again prove his doubters wrong. The Trump campaign is confident it ensures their victory on November 5.

    • Jennifer Hewett
    Fatima Payman will set on the Senate crossbench.

    Labor strife exposes risk to our cohesion

    Readers’ letters on Fatima Payman’s exit from the Labor Party; Monique Ryan’s call for an early election; handouts for Baby Boomers; the changing face of pharmacies.

    The MAGA and Brexit movements disobey the commonsense rules of economics.

    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.

    • Craig Emerson
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    Pro-Palestine protests outside Victoria’s state parliament in November. Gaza has become a meta issue for young Muslims.

    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.

    • Tanveer Ahmed

    Immigration is the 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. Jennifer Hewett reports from the south-west.

    • Jennifer Hewett

    Pezzullo bangs the war drums against placating an ‘imagined China’

    The former Home Affairs secretary does not, however, present a philosophy of international relations that might form a basis for Australia’s position in the world.

    • James Curran
    RBA governor Michele Bullock is facing fresh calls to raise the cash rate.

    Why Michele Bullock’s next rate call will be one of the toughest

    The RBA governor faces one of the hardest calls any central banker has ever had to make. The chances of getting it wrong are higher than ever, and so are the costs.

    • Jonathan Shapiro
    Data continues to build the case for Jerome Powell and his Fed colleagues to cut rates in September.

    US jobs data bolsters rate cut bets: Wall Street

    US bond yields fell and equities extended their rally as the path to a Fed pivot has become ever so slightly wider.

    • Timothy Moore