The Energy Awards recognise the people and businesses driving the future of the industry.
- Opinion
- Chanticleer
What Guzman y Gomez can learn from the Domino’s disaster
Domino’s’ latest downgrade tells a story about long-term growth plans that investors in Guzman y Gomez should take note of.
Labor rules giving building unions more powers on projects
The construction industry in Queensland is worried about state policies that benefit the CFMEU, but which will saddle consumers with great costs.
Albanese sticks to hydrogen despite Fortescue retreat
Andrew Forrest ditching plans to produce 15 million tonnes of green hydrogen by 2030 has sparked questions over the government’s climate policies.
- Exclusive
- China relations
New swipe at China over trade as lobster exports remain on ice
China should give up the favourable treatment it receives as a developing nation in the global trading system, the Albanese government says.
Star was warned of lack of executive experience before NSW inquiry
A report from special manager Nick Weeks blames regulatory and financial pressure as reasons for a lack of good quality candidates on Star’s board.
- Opinion
- Chanticleer
Fortescue’s hydrogen back-flip fails to become sugar hit it should be
One of the issues hanging over the miner is partly gone. So why aren’t fund managers jumping in? They may be more concerned by the company’s other big problems.
- Opinion
- US election
Democrats try to stop the slide as Biden isolates
Nothing has gone right for Joe Biden since his disastrous debate with Donald Trump last month. His COVID diagnosis may be the last straw for a distraught party, reports Jennifer Hewett from New York.
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BUILDING BAD
ACCC urged to investigate CFMEU-John Holland ‘damning document’
Competition experts are shocked at a secret side deal between John Holland and the CFMEU to only use three-CFMEU-backed labour hire companies on a major state project.
- Opinion
- CFMEU
On CFMEU, Albo must emulate Hawke
Anthony Albanese has the opportunity to follow the example of Bob Hawke, who knew a thing or two about trade unions and industrial relations, and grasp the nettle of deregistering the corrupt union.
- Opinion
- Chanticleer
CFMEU scandal should force rethink on super fund boards
Union-backed industry super funds have pushed hard to lift governance and accountability at public companies. Shouldn’t they want to improve their own governance, too?
CFMEU treats $19m in fines as ‘cost of doing business’
Judges have constantly called out the rogue union while issuing workplace penalties of about $19 million since 2016 – including the latest on Thursday.
Labor rules giving building unions more powers on projects
The construction industry in Queensland is worried about state policies that benefit the CFMEU, but which will saddle consumers with great costs.
US ELECTION
- Analysis
- US election
Will Vance’s rags-to-riches story win back Trump deserters?
The senator lauded the former president, calling him “a once-in-a-generation business leader” who showed the instincts to fight for his country when he was shot.
- Updated
- US election
Two top Democrats tell COVID-struck Biden he won’t win
The two top Democrats in Congress have privately told Joe Biden that he can’t beat Donald Trump in November, as the president, now isolating with COVID-19, conceded he would give up the race if a doctor told him he had a problem.
The Trump family: who is up, who is down, and where is Melania?
Ex-president’s wife and daughter Ivanka fade into the background as Republican National Convention chair Lara takes the limelight.
‘I love you, Mum’: Vance draws on his own struggles in voter pitch
Donald Trump’s running mate introduced himself to Americans at the Republican convention while using his story to argue he understands their everyday problems.
Tennis diplomacy: Trump’s close ally accepts Rudd’s ‘olive branch’ invitation
The future Trump cabinet pick and former presidential candidate says the psychology of the bad boy of Australian tennis “fascinates me”.
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Companies
- Updated
- Food
Domino’s shuts dozens of stores, dumps big growth target
The company told shareholders it would close stores in Japan and France and warned that the “timing of achieving the long-term outlook was under review”.
Forrest says Element Zero execs burned bridges ‘like Nazis’
Fortescue chairman Andrew Forrest has distanced himself from surveillance tactics used against former employees, but fully supported the IP lawsuit against them.
LNG export purse crunched 25pc as prices drop
Australia’s LNG revenue fell in 2023-24 despite flat export volumes, with Santos’ sales broadly reflecting the wider picture as prices softened.
- Updated
- Big four
ANZ board ‘acutely focused’ on trading scandal
In a note to staff, the bank’s executives said directors and senior management met on Tuesday to review probes into workplace conduct and market manipulation.
- Analysis
- Roads
Sydney’s toll road overhaul is set to target the rich
Drivers who live in some of the city’s priciest suburbs may pay extra, but the benefits of reducing fares on many of its other motorways will be worth it.
Telix shares hit new high on upgraded revenue forecast
The biotech’s shares double in value this year due to strong sales in the United States for its prostate cancer imaging product.
Resurgent Zip pays big break fee to eliminate its debt
Zip has indicated it will push the accelerator on growth in the United States despite regulators investigating whether it has violated consumer protection laws.
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Markets
Struggling bitcoin miners seek deals with AI companies
They now hope to benefit from a surge in demand for powerful but scarce chips which are used in both crypto mining and AI processing.
Geopolitics tops inflation as key market risk: global fund managers
The “perception” of geopolitical risk is a net 88 per cent above normal, and at its highest since November 2022, according to a Bank of America metric.
Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
Why Ark’s Cathie Wood is betting big on Tesla
The fund manager is banking on Elon Musk’s move into robotaxi’s will be a catalyst for a roughly 10-fold increase in Tesla’s share price
Waller says Fed getting ‘closer’ to cutting rates
Federal Reserve governor Christopher Waller has added to a growing chorus of officials who have signalled that they are moving closer towards a rate cut.
Opinion
Democrats try to stop the slide as Biden isolates
Nothing has gone right for Joe Biden since his disastrous debate with Donald Trump last month. His COVID diagnosis may be the last straw for a distraught party.
Columnist
Only a full judicial inquiry can lift the lid on the CFMEU
The scandals at the construction union leave a host of unanswered questions that will shape the future of industrial relations in Australia.
Former Fair Work Commission vice-president
CFMEU’s industrial power has corrupted
The scale of the systemic wrongdoing that has been uncovered demands a fuller judicial inquiry that must also probe the institutional enablers of the CFMEU’s crimes.
Editorial
Picking green over blue is stalling our hydrogen superpower hopes
Labor’s tax incentive scheme maintains the habit of describing identical molecules with colours of the rainbow. It is out of step with Australia’s competitors and customers
Energy expert
Why does France’s far right get stronger with each election?
The Western nation has not responded well to the challenges of globalisation, which is a problem that also applies to the whole of Europe.
Economist
Private equity has become hazardous terrain for investors
The days of easy windfalls from freakishly loose monetary policy are gone. Now, private capital is much more hazardous terrain for investors.
Contributor
Reports
Sustainability Leaders
The list celebrates Australasian companies that are making real progress in tackling sustainability challenges – and delivering business value along the way.
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- Updated
- Employment
Rate rise chances grow as employment jumps
The market is pricing in a one-in-five risk the RBA will increase the cash rate when it meets next month, after 50,000 jobs were added to the economy in June.
One in 40 highly indebted homeowners are behind on their mortgage
Banks expect home loan arrears to increase further as more borrowers struggle to deal with high interest rates and cost-of-living pressures.
Don’t restart energy wars, business and green groups warn
A coalition of business and environment groups has urged governments to provide credible and consistent energy policy.
- Analysis
- Government Observed
Why competent government is the answer to political extremism
The US has its unique national blind spot for guns, but as two reports on social cohesion and democracy point out, the ingredients of division and extremism have been rising everywhere.
Trust in government is the newest gender divide
Only 38 per cent of Australian women trust the federal government, compared with 54 per cent of men, an OECD study has found.
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World
- Opinion
- Trade deals
The world needs to prepare for a US-China trade war
Democrat and Republican policymakers believe Washington must impose huge restrictions on Chinese technologies, including electric cars and solar panels.
New Zealand inflation slows to three-year low
Three of the country’s main banks brought forward forecasts for RBNZ rate cuts after the inflation report.
Paris mayor dives into Seine River to prove it’s safe for the Olympics
The big question on French lips is not whether the chronically polluted waterway will host sports, but whether President Emmanuel Macron will also take a dip.
- Opinion
- US election
The deep source of Trump’s appeal to Americans
The problem with adopting all-explaining identity politics is that it undermines democracy. If others are evil and out to get us, then persuasion is for suckers, writes David Brooks.
- Analysis
- Russia-Ukraine war
Russia’s vast stocks of Soviet-era weapons are running out
The much-vaunted offensive against Kharkiv in the north that began in May is fizzling out. Advances elsewhere have been strategically trivial and at huge cost.
Property
- Exclusive
- Luxury property
Luxury homes now ‘critical asset’ for Australia’s wealthy
The number of house sales over $5 million has rocketed since 2019, with a new report saying prestige property is key to long-term wealth creation.
- Exclusive
- Office
The 19 corporate giants behind Sydney’s tumbling office values
Australia’s biggest companies have cut close to 200,000 square metres from their Sydney CBD office footprints. And so far, only Westpac is considering expanding again.
Barrenjoey partner swaps Bondi federation mansion for Double Bay villa
After selling their Bondi home to designer Camilla Franks, Barrenjoey Capital founding partner Ben Scott and wife Pensiri have bought in Double Bay.
Remote work crushes next wave of office towers: experts
The next wave of CBD skyscrapers may not emerge for another decade as Sydney and Melbourne office markets recover from the rise of remote work and record high vacancy rates.
The suburbs turning into buyers’ markets as listings pile up
The sharp increase in inventory levels is creating favourable conditions for buyers, experts say.
Wealth
ATO targets property valuations in countdown to new $3m super tax
SMSFs are in the firing line for failing to update the market value of investment properties and commercial buildings such as farms and medical practices.
- Opinion
- Superannuation
Spending a few hours on this now will make you richer later
Work through these 11 steps to grow your superannuation faster.
Can I put $360,000 into super before my divorce settlement?
A reader getting $1.9 million from her ex-husband’s super fund wants advice on maximising her savings and the $15,000 she already has in her fund.
Technology
Drone food delivery set to land in Melbourne’s east
Lightweight, styrofoam drones will soon be flying over the city, delivering meals and packages to homes in Melbourne’s sprawling outer-eastern suburbs.
I gave up my phone as an example to my teenagers – it was disastrous
Before you ban your kids from using smartphones, ask yourself why.
‘Not good enough’: Blackbird admits its gender pledge has stalled
Australia’s largest VC fund pledged to track data to support its rhetoric around investing in more women founders. Its first report shows it has gone backwards.
Work & Careers
What went wrong with KPMG’s legal experiment
Finding top lawyers willing to tolerate relative anonymity and powerlessness in a distant corner of a mammoth multinational proved a challenge for the legal division.
The $50,000 arts degree arrives, as student debt climbs
The cost of a degree is at historical highs, with no relief in sight for at least another two years.
Life & Luxury
The Sydney-born solution to NYC’s paragon of inefficiency
Architect Ben Berwick’s modular glazing system for saving energy costs is more than window dressing.
The luxury watches that insiders were talking about in Geneva
The biggest and best competed for attention at the year’s largest horological fair, although true surprises were the exception.
Why testosterone is a wonder drug for men and women over 50
More than just a male sex hormone, it can be the foundation for a healthy lifestyle – and the Olympics is about to put its powers under the spotlight again.
‘Grazed, but not Dazed’: Trump T-shirts go viral
Entrepreneurs in Asia were quick to cash in on the attempted assassination of former president Donald Trump.
The secret to French beauty? It’s simple, and powerful
Terry de Gunzburg, the woman behind the By Terry makeup empire, says a laissez-faire approach – and a little red lipstick – goes a long way in business, and life.
