- Exclusive
- AFR Freshwater poll
Coalition overtakes Labor in popular vote
The Coalition has inched ahead in the popular vote for the first time since the federal election. The Coalition could come within striking distance of minority government.
ASX to fall as investors await magnificent seven earnings
Futures indicate the local index is set to drop 0.8 per cent or by 67 points to 7876 at the start of trade, dragged lower by a fall on Wall Street.
- Updated
- Building Bad
‘Complete joke’: Former building cops urge ABCC’s return
Two former building watchdogs have rubbished claims Labor governments were unaware of behaviour inside the CFMEU: “Thuggery and standover tactics have prevailed for decades.”
He wrote Qantas’ Project Sunrise off as a PR stunt. Now he runs it
After years in the planning, the airline’s head of international Cam Wallace is preparing to launch the ultra-long haul flights to London and New York.
The biggest risk for the Democrats may not be Trump voters
Democrat voters in one of the most marginal seats in the country won’t back Donald Trump, but nor are they sure they can support an enfeebled Joe Biden.
Kerry Stokes hires from Twiggy to replace Bruce McWilliam at Seven
Can you ever really replace someone like Kerry Stokes’ top legal lieutenant Bruce McWilliam? Probably not – but maybe that’s a good thing.
- Opinion
- Chanticleer
M&A forecast? It’s about to rain private capital deals
Private capital hunters – domestic superannuation funds, offshore pension funds and asset managers such as KKR and Brookfield – have their chequebooks out and are trying to get their hands on $50 billion of Australian targets.
AFR Weekend: The big stories, best reads and expert advice. In your inbox on Saturday.
MONDAY MEDIA
Fox News Australia? Sky News Australia may be forced to rebrand
The News Corp-owned broadcaster has announced a “major transformation project” and a relocation – just as its Sky licence comes to and end.
Kerry Stokes hires from Twiggy to replace Bruce McWilliam at Seven
Can you ever really replace someone like Kerry Stokes’ top legal lieutenant Bruce McWilliam? Probably not – but maybe that’s a good thing.
A letter and PowerPoint about News Corp made this activist fund $120m
A failed bid to merge with Fox Corporation pointed out the inherent value in a couple of News Corp’s assets. One investor cashed in on the rise.
Ex-Allens lawyer sets up Australia’s first prison newspaper
The first edition of About Time was delivered to correctional facilities in NSW, Victoria, Tasmania and the ACT this month.
AI ‘final nail in coffin’ of Australia’s creative sector
The group representing the nation’s creative workers says the technology could utterly devastate their already diminished earning power.
Get the front page and latest edition of the Financial Review as it was printed, delivered to your inbox every morning.
Companies
CSR’s ‘extraordinary’ insulation price rise could be gouging
A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.
Transurban’s Queensland office shake-up leads to departures
The branch, which manages six toll roads, is losing more senior staff following a restructure and investigation into whistleblower complaints.
Panthera Finance administration prompted by founder stoush: PwC
The Brookfield-backed company collapsed into administration after the twin brothers who founded the debt collection business fell out with one another.
Global IT chaos triggered by software glitch eases slightly
The impact of what’s being called the most spectacular IT failure the world has ever seen is expected to take at least several days to tally.
Mining boss calls for policy changes with more jobs in danger
The boss of WA’s peak resources lobby group says the Albanese government needs to step up to prevent more job losses.
Bombed out retailers stage comeback ahead of results season
There is plenty of pressure on household budgets, but retailers from Universal Store to shoe chain owner Accent Group say trading is picking up.
Green hydrogen not dead despite Fortescue retreat, says Bowen
State energy ministers have unanimously reiterated their opposition to Peter Dutton’s nuclear plans.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
- Opinion
- Sharemarket
Why it’s time for ETF investors to stop tracking the ASX 200
Fundamentals still count. Shares can rise and fall quickly on a piece of news, and it’s not passive funds that are driving that price action.
Has the CBA share price peaked?
After the Commonwealth Bank’s latest record, analysts and fund managers are wondering whether the hyper-rally in bank stocks can be sustained.
US equities drop as selling pressure persists
The S&P 500 posted its worst week since April as investors continue to shift from this year’s winners to its laggards.
- Opinion
- Chanticleer
Time to sell stars like CBA and Nvidia? History says be careful
More market watchers are getting worried the stars of this rally are starting to fade. But new research says big winners tend to keep winning.
The Aussie funds that beat bitcoin and big tech
It was often savvy bets at the smaller end of the market that shot the top-performing fund managers to the top of the leader table in the last financial year.
Opinion
Trump’s return is no cause for chill in Australia
Trump’s America-first populist mash-up of right-wing nationalism and left-wing economics threatens to jeopardise US leadership of the international rules-based order that benefits Australia.
Editorial
Trump is again the urgent issue for allies
Critics label the Trump-Vance ticket as isolationist in foreign policy. But the pair actually wants American priorities reordered to take on China.
International editor
It’s sad that Biden doesn’t see what’s inescapable
If Joe Biden doesn’t walk away gracefully right now, he will likely go down as a pariah and ruin his legacy.
New York Times
Trump isn’t America’s saviour – he’s a threat to the free world
Trump’s failure to acknowledge the globalisation of war threatens not only the Ukraine he proposes to neglect but also the Taiwan he says that he wants to help.
Contributor
Hard energy reality has mugged Fortescue’s hydrogen dreams
Andrew Forrest is not alone. Many corporates have suffered a similar delusion about simple, easy and cheap transition.
Corporate advisor
Trump skips reset moment, doubles down on MAGA magic
Donald Trump had the chance of a lifetime to reinvent himself following an assassination attempt. But why on earth would he do that?
United States correspondent
Reports
Sustainability Leaders
The list celebrates Australasian companies that are making real progress in tackling sustainability challenges – and delivering business value along the way.
Sponsored
by BCGPolitics
- Exclusive
- Political lobbying
Meet the lobbyists aiming to keep the gambling dollars rolling in
With the Albanese government’s gambling ad policy still up in the air, the Financial Review looked at who’s been hitting the corridors of power for sports betting firms.
Construction watchdog should be reinstated, AFR readers say
The Albanese government should reinstate a federal construction watchdog and hold a royal commission into the CFMEU, according to an AFR reader poll.
- Opinion
- AFR Freshwater poll
Albanese knows how messy a hung parliament will be
Peter Dutton could be within striking distance of government, underlining Labor’s fragile position and why it is nervous at the prospect of another rate rise, writes Phillip Coorey.
- Updated
- Building Bad
‘Complete joke’: Former building cops urge ABCC’s return
Two former building watchdogs have rubbished claims Labor governments were unaware of behaviour inside the CFMEU: “Thuggery and standover tactics have prevailed for decades.”
‘We won’t be lectured by Dutton on CFMEU’: Albanese says
The opposition leader has vowed to deregister the union and reinstate the Coalition’s union watchdog.
SPONSORED
World
- Updated
- Middle East tensions
Israel destroys Houthi oil facility in Yemen strikes
The attack is the first by Israel on Yemen since the Israel-Hamas war began in October, and threatens to open a new front in the conflict, with the Houthis vowing to retaliate.
- Analysis
- US election
If Joe Biden goes: how would it work – and who would replace him?
The president faces huge pressure to step aside from his campaign. But what would happen next?
As Biden rests, Harris assumes starring role on campaign trail
The vice president has been thrust into an awkward position: remaining loyal to the president while demonstrating that she is ready to take over.
Why ‘no tax on tips’ has become a Trump election slogan
Eliminating federal taxes on gratuities would “significantly reduce tax liability” for 6 million workers who earn tips. Republicans have made the proposal a pitch to working-class voters
Biden plots to salvage campaign many allies believe is over
Appeals for Joe Biden to exit the presidential race have only intensified since he has been quarantined at his Delaware beach home with COVID-19.
Property
Mortgage cliff turns into ‘a wave’ that is already subsiding
The tailing off of refinancing is fuelling a rosier outlook for housing delinquencies as borrowers come to terms with higher-for-longer interest rates.
How building codes are crunching affordability
Energy efficiency demands and stringent accessibility rules are increasing the cost of building homes by tens of thousands of dollars.
Turramurra home sold for $4.6m despite weaker winter market
The national auction market is losing steam ahead of the spring selling season, with buyer demand waning as expectations of a rate cut this year fizzle.
- Exclusive
- Property development
Japanese investors eye Australian residential real estate
Competition for Australian sites is heating up for Japanese companies such as Asahi Kasei Homes, Sumitomo Forestry Group and Daiwa House.
Working from beach is the new WFH (just don’t tell your boss)
Work from anywhere policies – allowing staff to spend some time abroad on the clock – makes people more likely to stay at a company for longer, a survey found.
Wealth
Revealed: Which super funds rate the best – and worst – for retirement
Superannuation funds are going backwards in terms of preparing their customers for retirement, new research shows.
- Opinion
- Superannuation
Spending a few hours on this now will make you richer later
Work through these 11 steps to grow your superannuation faster.
New $3m super tax is ‘stealing my children’s inheritance’
Family enterprises face hard questions about whether to abandon their succession and retirement plans by selling their shops, farms and factories,
Technology
- Opinion
- Cybersecurity
Global IT outage the wake-up call we needed
We can’t rely on luck to avoid these scenarios. We have to face the hard truths of cyberspace and to finally do something about them, writes Katherine Mansted.
- Opinion
- Cybersecurity
Digital paralysis shows the dangers of e-globalisation
Globalisation may be slowing, but e-globalisation is still accelerating. It is essential that, as far as possible, its dangers are minimised.
Global IT outage could take weeks to resolve, experts warn
The only remedy for Windows users affected by the “blue screen of death” error involves rebooting the computer and manually deleting CrowdStrike’s botched file update.
Work & Careers
Why can’t we die at home any more?
Many people who want to die at home are sent into overburdened hospitals for high-intensity care without clear benefits.
- Opinion
- International affairs
Power tips from ‘House of the Dragon’ and ‘Shōgun’
The popular swords-and-scheming TV series have lessons for modern political parties.
Life & Luxury
The kids of this famous choir prove busy people will make time
Forget social media. The pre-teen choristers of The Choir Of King’s College, Cambridge, are just as happy to read and sing the sheet music of Stravinsky and Tallis.
Do you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
Not an outlet store: how fashion brands are making discounting cool
With the opening of a new “luxury discount” precinct in Sydney, local retailers are trying to make sales fashionable.
- Exclusive
- Retail
Bassike third local fashion business to lose a co-founder this year
Bassike co-founder Mary Lou Ryan is leaving the business she helped create.
‘I’m in Hell’ – when AI resurrection goes wrong
It is in its infancy but “death capitalism” will soon become big business.
