Albanese kills uranium mining at Jabiluka
Anthony Albanese has ended a decades-old dispute over uranium mining in the NT by ending the mineral lease on Jabiluka and pledging to add the mine site to the Kakadu National Park.
US stock rotation trade picks up on Fed-friendly data
Every major group in the S&P 500 rose on bets that the start of the Fed easing cycle will keep fuelling the outlook for Corporate America.
Super funds put ANZ board, executives on notice over trading scandal
The intervention came as brokers began to warn that the alleged misconduct could lead to regulators forcing ANZ to hold more capital than its rivals.
There’s an $8b business quietly growing inside Wesfarmers
In 2008, Kmart was on its knees. But a trip to the United Kingdom turned into the company’s greatest success – Anko, the home brand with big growth plans.
Arsonists attack French railways hours before Olympic ceremony
High-speed rail services were suspended after fires were “deliberately set” to damage the network.
- Analysis
- Big four
Could ANZ’s trading scandal trigger executive accountability laws?
ASIC declined to say whether its ANZ investigation involved the Financial Accountability Regime. But an ANZ update this week was speaking the language.
- Exclusive
- AUKUS
Submariner in charge of AUKUS says the debate is being hijacked
Navy chief Vice Admiral Mark Hammond has offered a fierd defence of the big-money nuclear-powered submarine pact in an interview with AFR Weekend.
AFR Weekend: The big stories, best reads and expert advice. In your inbox on Saturday.
Edition
AFR Magazine August 2024
Who’s hot in Australian design right now | The homegrown solution to building energy inefficiency | The latest in luxury watches
paris 2024
Opening ceremony starts under watchful eye of security forces
Some 45,000 police and thousands of soldiers have been deployed, with some 300,000 spectators expected to converge on the banks of the Seine River.
The cheeky Bob Hawke quip that could deliver our first gold medal
They delivered an 18-0 drubbing to the Americans in their sevens quarter-final after drawing inspiration from some blunt speaking by Bob Hawke.
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.
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.
What’s on Friday? Check out the full schedule here
Find the times and days of all your favourite sports right here with this interactive guide to the Paris Olympic Games.
weekend reads
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.
Who will Kamala Harris pick as her running mate?
Although Vice President Kamala Harris has officially been a presidential candidate for just days, the parlour game over her support act is well under way.
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.
Get the front page and latest edition of the Financial Review as it was printed, delivered to your inbox every morning.
Companies
There’s an $8b business quietly growing inside Wesfarmers
In 2008, Kmart was on its knees. But a trip to the United Kingdom turned into the company’s greatest success – Anko, the home brand with big growth plans.
- Exclusive
- Retail
Woolworths Holdings brings in BCG to slash costs at Country Road
Country Road – which operates its eponymous brand along with Mimco, Trenery, Witchery and Politix – has been controlled by the South African group since 1998.
- Analysis
- Big four
Could ANZ’s trading scandal trigger executive accountability laws?
ASIC declined to say whether its ANZ investigation involved the Financial Accountability Regime. But an ANZ update this week was speaking the language.
No wind or sun? Try using compressed air and molten salts
“You want as many cards up your sleeve as you can,” says Hydro Tasmania chief executive Ian Brooksbank of emerging renewable generation technologies.
Qantas hopes downturn doesn’t extend to business class
Fears of a lull in demand sent airline stocks lower across the globe, but wealthier older travellers appear to be prioritising spending on more expensive seats.
- Exclusive
- Supermarkets
Why you can’t order online from Aldi anytime soon
The German discount supermarket had been investigating internet sales, which is a space that its rivals Woolworths and Coles have aggressively expanded into.
Pirate-fuelled shipping crisis forcing costs sky-high
Weeks-long shipping delays caused by Red Sea attacks and congestion in Asian ports are forcing some Australian importers to get creative.
Companies in the News
Search companies
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Markets
Funds hit as Trump shadow looms over green energy
Fund managers are scrambling to assess what a Republican win in November could mean for the billions of dollars earmarked for green investments.
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.
ASX rises; Bellevue Gold plunges 22pc; MinRes rallies
Shares advance at the closing bell; Mineral Resources says its on track to meet production guidance; Bellevue tumbles on discounted equity raising. Follow updates here.
‘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.
Opinion
Harris v Trump presents starkly different Americas
The exit of Joe Biden and the entry of Kamala Harris means real campaigns and robustly articulated choices.
Editorial
Democrats will pay a price for anointing Harris
Kamala Harris is unpopular, has a penchant for excruciating banality and her career smacks of connections and favouritism.
Contributor
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
If the RBA was doing its job, it would immediately lift rates
A hot inflation figure on Wednesday would show we are in the grip of a structurally persistent crisis which has been underestimated in three of the last four quarters.
Columnist
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
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
- Exclusive
- AUKUS
Submariner in charge of AUKUS says the debate is being hijacked
Navy chief Vice Admiral Mark Hammond has offered a fierd defence of the big-money nuclear-powered submarine pact in an interview with AFR Weekend.
The inflation number that could trigger an interest rate rise
The RBA will struggle to justify keeping the cash rate on hold if consumer price index figures next week show underlying inflation stuck above 4 per cent.
Labor Right pushes for extra spot as O’Neil speculation swirls
Speculation is intensifying that Clare O’Neil will be shifted from Home Affairs and be replaced by Agriculture Minister Murray Watt.
- Exclusive
- University
The uni reform that has vice chancellors in rare furious agreement
The first piece of reform under the universities accord is not going to plan, says vice chancellors.
Top barrister slams Berejiklian over corruption denial
Former ICAC assistant commissioner Anthony Whealy criticised the ex-NSW premier for her defiance after losing an appeal over a corruption finding.
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World
Barack and Michelle Obama endorse Kamala Harris
The former US president and his wife have given Kamala Harris an expected boost in her campaign against Donald Trump.
Harris gains on rival Trump, calls for debate
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.
Alarms, double prices: Japan is getting fed up with foreign tourists
Angst is rising in Japan over what locals are calling an “over-tourism crisis” – and some towns are taking action.
Indonesia moves to reduce China’s investment in nickel projects
Jakarta wants to help its industry qualify for tax credits under Joe Biden’s initiative to build a US electric vehicle supply chain.
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.
Property
QIC loses real estate chief, recruits ex-Dexus executive
QIC Real Estate managing director Michael O’Brien resigned from his role earlier this week.
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.
‘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.
Wealth
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.
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.
Technology
Expert department ‘not party’ to PsiQuantum deal
Persistent criticism of the nearly $1 billion investment in PsiQuantum was again levelled at ministers and bureaucrats this week.
Look out Google, here comes 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.
Advertisers to be verified under new online scams code
The digital industry has established a new online scam code, after delays establishing a mandatory government backed code.
Work & Careers
Why ‘quiet vacationing’ could lead to getting sacked
“Quiet vacationing” is an emerging trend as employees take advantage of work from home rules, but they could be contravening tax and visa rules.
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 it’s really like when you write a bestseller
Bonnie Garmus’ late literary success has been welcome but not as she imagined.
- Driving With Tony Davis
- New car snapshot
This flagship Lexus sports coupe is a hidden gem
The luxury car maker’s updated LC 500 is a beauty with a roar.
Lin-Manuel Miranda’s ‘other’ musical gets a timely revival
Hamilton is a hard act to precede, but hints of its composer’s genius are all over In The Heights, which is being revived at Sydney Opera House.
It’s About Time you book your spot at the AFR Watch Weekend
Financial Review readers are invited to enjoy special events at the Sydney and Melbourne stores of 15 of the world’s finest watchmakers.
What is the KHive?
Likely Democrat nominee Kamala Harris has supporters embracing her quirky style and turning her cringiest moments into social media memes.
