Harris presses Netanyahu over Gaza war: ‘I will not be silent’
The vice president said she raised her concerns about the dire humanitarian crisis in Gaza during her “frank” meeting with Israel’s Benjamin Netanyahu.
Is your super fund among these winners?
Investment chiefs of the top performers say there are still plenty of opportunities for the artificial intelligence revolution to drive up retirement savings.
OpenAI unveils Google rival prototype SearchGPT
OpenAI has unveiled a prototype of SearchGPT, a new web search chatbot that could rival Google, and change how people navigate the online world.
- Live
- Markets Live
ASX to rise; Wall St rally cut short by tech selling
Shares are set to recoup some of Thursday’s losses; S&P 500 reverses early gain to end lower; iron ore slumps below $US100. Follow updates here.
- Live
- Need to Know
Second poll shows Harris closing gap to Trump
Polls show Kamala Harris is doing better than Biden against Trump; Obama is expected to endorse Harris; Aussies book rugby sevens semi; Linda Burney had hope for Voice referendum. Follow for updates.
- Exclusive
- Building Bad
Union sparkies spare Cbus-backed builds from work bans
Developments in western Sydney are running months behind schedule due to industrial action at Endeavour Energy. But two projects seem to be exempt.
Rich Lister-owned home building empire faces $100m class action
West Australian construction company BGC Housing Group – founded by the late Len Buckeridge and still controlled by the family – is facing a class action from potentially thousands of aggrieved home owners.
- Driving With Tony Davis
- New car snapshot
This flagship Lexus sports coupe is a hidden gem
World View: Australia’s leading foreign experts interpret global events for you. Insights delivered every Wednesday.
paris 2024
Korea-supporting Aussie swim coach spared the axe
Michael Palfrey, who said he wanted his protégé Kim Woo-min to beat his Aussie 400m rivals, will continue training Australian swimmers.
The Aussies with the best medal chances at the Olympics
Australia could make history in Paris if all goes to plan. Here are some of the athletes that could contribute to the gold tally.
US basketball superstar backs Kamala Harris
Sport and politics aren’t supposed to mix at the Olympics. But someone forgot to tell Steph Curry, who used a marquee press conference to endorse the Democrat.
The full Olympics schedule for your viewing needs
Find the times and days of all your favourite sports right here with this interactive guide to the Paris Olympic Games.
Your guide to the Olympics: Who to watch and when
The Games are back and some of the world’s most decorated athletes will be centre stage. These are the events and competitors you won’t want to miss.
review
What happened to Russia’s seized superyachts
Swift action to impound palatial boats became a symbol of western resolve after the invasion of Ukraine. Now the costs are mounting for owners and governments alike.
- Opinion
- Publishing
Why influencer publishing is bad for the book industry
Why a new Ebury imprint by the social media entrepreneur Steven Bartlett is bad news for books.
Inside Google’s plans to revolutionise the weather forecast
Traditional methods have involved “physical models” run on supercomputers. GraphCast can be run on a laptop, and come up with a forecast in minutes.
- Opinion
- US election
When Harris calls Trump a predator, voters will listen
The vice president has a key witness in her case against the former president – his current running mate.
India’s have-nots are expressing their displeasure
While Mumbai’s super-rich show off their wealth, a chastened Narendra Modi moves to shore up support among the poor.
Get the front page and latest edition of the Financial Review as it was printed, delivered to your inbox every morning.
Companies
- Exclusive
- Supermarkets
Aldi ditches online shopping expansion, says focus is on lower costs
The German discount supermarket had been investigating internet sales, which is a space that its rivals Woolworths and Coles have aggressively expanded into.
Rebel Corrs group seeks move to King & Wood Mallesons
Five partners in Corrs’ employment practice are in discussions to shift to rival firms, after some in the group voted against a controversial contract extension.
- Updated
- Investment banking
Macquarie struggles with sluggish deal activity, flags asset sales
The financial services giant told investors that its investment bank had dragged down earnings – flat on last year – for the three months to June 30.
Bruce Lehrmann’s new lawyer is not used to defamation cases
Colourful Sydney lawyer Zali Burrows is now representing former political adviser Bruce Lehrmann as he pushes ahead with his defamation appeal.
Scyne to cut 90 jobs amid crunch on Canberra work
Those affected have had a tumultuous year, in which they were obligated to move to the start-up after the firesale only to find themselves unemployed again now.
Court ruling rejecting weedkiller link to cancer welcomed by farmers
Federal Court rejects class action linking Australia’s most widely used farm chemical, glyphosate, to non-Hodgkin’s lymphoma.
Surging iron ore mining costs plague Fortescue’s year ahead
The Andrew Forrest-chaired resources giant says it expects to grow export volumes, but unit costs are also expected to rise by up to 9 per cent.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
Here are two ASX small caps that could be set for a re-rating
Naos’ Sebastian Evans likes to take big stakes in smaller companies. He’s now betting on disruption to strata management and a solution to the housing shortage.
What happened overnight? Wall Street’s rally proved fleeting
Australian shares were set to recoup some of Thursday’s losses. The US economy expanded faster than expected in the June quarter. Atlassian surged higher.
‘Don’t wait until it’s too late,’ warn ASX small-cap managers
Local fund managers are telling clients to start moving money out of large caps before Australia catches up to the US in the global inflation race.
- Opinion
- Chanticleer
Markets are being shaken by big tech and Trump. It could get ugly
For two years, FOMO has built around artificial intelligence, the promise of a soft landing and belief in rate cuts. All of a sudden, different fears are driving stocks.
- Updated
- Big four
ANZ says bond trading scandal fallout could extend to the very top
The ANZ board may be forced to take action against the bank’s chief executive Shayne Elliott and other senior managers over the misleading trading data submitted to the federal government and investigations into its workplace culture.
Opinion
It’s not just Labor that let the CFMEU off the leash
Jacqui Lambie, Pauline Hanson and some independents have played a role in enabling the militant union.
Political editor
ANZ’s bond trading scandal is now too serious to contain
An update on Thursday reveals that the bank and its board are under no illusions about the consequences they may face from the escalating markets scandal.
Senior reporter
Hoarse but coherent Biden bows out, sets up Democrats’ last hope
Joe Biden says his decision to step aside as the Democrats’ presidential candidate was because the greatest need is to defend American democracy.
Columnist
War-torn world pauses in gratitude for Olympic Games
In 2024 with geopolitical tension everywhere, the Olympics are once again showing their power to get on with important matters like playing games.
Editorial
If Trump and Vance are ‘populist’, there should be more of it
Trump and Vance make the media uncomfortable by saying things about issues like free speech and the family the Democrats would never dare to.
Columnist
‘Bunnings of music’: why Matt Gudinski remade Mushroom
Most roads in the Australian music business used to lead to the Mushroom Group, and a restructure announced on Thursday seeks a return to those glory days.
Rich List co-editor
Reports
Cybersecurity and AI
The federal government lays out plans to help boost the nation’s cyber defences, while experts outline steps to stay safe.
Politics
PM stresses stability ahead of first reshuffle in two years
NT Senator Malarndirri McCarthy is the hot favourite to replace Linda Burney in cabinet and Indigenous Affairs.
- Exclusive
- AUKUS
‘Show me the evidence’: AUKUS tsar challenges critics
Vice Admiral Jonathan Mead says there will be setbacks but Australia is on track to meet key milestones under AUKUS.
- Opinion
- Canberra Observed
It’s not just Labor that let the CFMEU off the leash
Jacqui Lambie, Pauline Hanson and some independents have played a role in enabling the militant union.
The soaring success and unspeakable grief of Linda Burney
Linda Burney has been a pioneering advocate for Indigenous Australia, but her life has been peppered by tragedy.
- Opinion
- Federal election
Stability is one thing PM can promise that his opponent cannot
When Fatima Payman claimed that “unlike my colleagues, I know how it feels to be on the receiving end of injustice”, she’d clearly never met Linda Burney.
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World
Harris gains on Trump as Obama readies endorsement
The latest survey shows a tight race for the White House separated by a single percentage point, while Democrat elder Barack Obama prepares to break his silence.
US economy grew faster than expected last quarter
The US economy expanded at a 2.8 per cent annualised rate in the April-June period after rising 1.4 per cent in the previous quarter.
Rupert Murdoch’s secret family battle for his empire’s future
The media baron has moved to change the family’s irrevocable trust to preserve his businesses as a conservative force. Several of his children are fighting back.
Alarms, double prices: Japan is getting fed up with foreign tourists
Angst is rising in Japan over what locals are calling an “overtourism crisis” - and some towns are taking action.
How London’s top dealmaker fell out of the magic circle of law firms
While many of Britain’s elite law firms are going full throttle with US expansion efforts, Slaughter and May has decided to pull back, raising questions about its future.
Property
‘Business as usual’ for Selina’s Australian ‘flashpacker’ hotels
The collapse of budget accommodation operator Selina’s London-based parent company will not impact the operation of its Australian hotels, says chief operating officer.
The millions being made in flipping luxury homes
Four out of the top 10 most expensive houses sold last year were held for less than five years.
- Exclusive
- Retail property
Leica backs Melbourne CBD revival with world’s biggest store
The famed German camera maker has transformed an entire building in the Melbourne CBD into a retail hub that includes an art gallery.
Melbourne ‘a proper basket case’ as office vacancy hits 20pc
As tenants shift into new towers, older and emptier office blocks will be deemed functionally obsolete.
Construction, labour woes force developer to offload $200m of sites
APH Holding, which has a multibillion-dollar pipeline of Melbourne projects, has put more than $200m worth of sites on the market, including many with permits
Wealth
Ten books that could help you become a better investor
We asked money managers, financial advisers and a self-made multimillionaire to nominate the books that taught them the most about creating wealth.
- Opinion
- Super Q&A
Why the beach house might be cramping your retirement style
Holiday homes are great, but they don’t produce retirement income and might limit your age pension payments.
Six questions to ask your adult kids before writing a will
Not everybody has the financial literacy and emotional intelligence to handle a significant inheritance.
Technology
- Exclusive
- Virtual reality
‘We had to have faith’: Apple’s designers on creating the Vision Pro
For these innovators, the Vision Pro isn’t just a step change in computers. It’s a step into the future.
- Exclusive
- AI
Teachers to get AI training under NSW proposals
Specific training about the use of artificial intelligence and greater protections for copyrighted works are among recommendations from a state inquiry.
- Analysis
- The Breakdown
Investors aren’t buying Google’s AI future – yet
The search giant’s parent, Alphabet, produced solid earnings, but shareholders are tiring of claims about future magic without answers to important questions.
Work & Careers
Four traits that stand out among the 2024 BOSS Young Executives
This year’s BOSS Young Executives have a desire to master the task at hand, collaborate and inspire – and they are tech-savvy.
Executives, celebrities are rushing to take this scholar’s $18K course
Marketing guru Anita Elberse’s program has become a blockbuster for Harvard Business School.
Life & Luxury
What is the KHive?
Likely Democrat nominee Kamala Harris has supporters embracing her quirky style and turning her cringiest moments into social media memes.
These are the top Australian designs picked by our design editor
Eight of the most original, thoughtful and certainly beautiful new creations from local creatives.
A delicious fuss-free dessert you can make ahead of time
Andreas Papadakis, of Melbourne’s Tipo 00, is obsessed with rice – especially when it’s in a pudding with white chocolate.
How the Olympics will change Paris
After a divisive election, this northern summer’s Games will fire the starting gun on a vast project to transform the French capital.
What it’s really like when you write a bestseller
Bonnie Garmus’ late literary success has been welcome but not as she imagined.
