These key voters are blocking Harris’ path
The vice president needs to lift her support among non-white and working-class voters if she is to stand a chance against Donald Trump, new analysis shows.
BHP in $3.2b South American copper deal
BHP will step into Argentinian copper under a $US2.1 billion ($3.2 billion) deal with the famous Lundin family to take a Canadian explorer private.
- Breaking
- Aviation
Rex stops selling seats amid precarious finances
The regional carrier went into a trading halt amid deep schisms between management and a major shareholder, and increased uncertainty about its future.
- Live
- Need to Know
Albanese says Rex already receives ‘substantial government support’
Government ‘concerned’ about Rex trading halt; Australians told to leave Lebanon immediately amid escalating action; Venezuelan protests break out as government claims election win. Follow for updates.
- Opinion
- Chanticleer
Investors are asking the wrong questions on interest rates
From the RBA to the BoJ to the Fed, the market’s obsession with interest rates will go into overdrive this week. But it may be leading investors down the wrong path.
- Live
- Markets Live
Miners weigh on ASX; Fortescue tumbles 9pc
Shares fall amid a broad sell-off; BHP buys Toronto listed copper miner Filo; Ramsay appoints ex Woolworths executive; Rex shares still suspended; Fortescue hit with $2 billion block trade. Follow updates here.
‘Nervous wreck’ O’Callaghan leads new generation of swimmers
It was a come from behind race for the ages, as Mollie O’Callaghan defeated Ariarne Titmus in the 200m freestyle.
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paris 2024
Heartbreak and heroism in the Paris pressure cooker
A sobbing end to Harry Garside’s boxing hopes and a “disaster” for the Opals, but “happy tears” for O’Callaghan and Titmus. Here’s what you missed overnight.
First coffee, then swim: Balancing a start-up with a bid for Paris gold
In June swimmer Zac Stubblety-Cook qualified for the Paris Olympics and began his first business. “I’ve definitely burnt the candle at both ends,” he says.
The best pictures from day three of the Olympics
The photo highlights from day three include a crashing skateboarder, a colourful equestrian moment and a golden finish for Australia’s swimmers.
He borrowed a horse - and then won an Olympic medal
Rank outsider Chris Burton grabbed an unexpected silver medal in eventing on a borrowed horse he has only been riding for five months.
Djokovic finally gets his Olympic tennis showdown
The Serb has griped about absurdly mismatched contests. On Monday, his Games went from the ridiculous to the sublime, as he faced arch-rival Rafael Nadal.
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tech tuesday
- Exclusive
- Mergers & acquisitions
Melbourne start-up buys out AI compliance software firm in first deal
IntelligenceBank has used the funds raised from its US-based private equity backer to splash out on Sydney-founded Red Marker, from global education giant Kaplan.
- Exclusive
- Venture capital
Rich Chinese investors join $1b hunt for Aussie VC funds
A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.
Workers are using AI in the office - but where are the rules?
Companies are starting to measure gains from generative AI. But research shows over half of Australian workers are using the technology without rules or guidance.
- Exclusive
- Funding
How Melbourne start-up’s gamble created a $34m business
A risky plan to cut off a $4 million revenue stream and rebuild their software company has paid off handsomely for two Melbourne-based tech entrepreneurs.
- Opinion
- AI
Why Australia needs its own AI large language model
If we are to retain our economic and cultural sovereignty, Australia needs to develop AI that reflects Australian values.
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Companies
Woolworths head of supermarkets lured to Ramsay top job
After missing out on the CEO role at the retailer, Natalie Davis will take over from long-serving Ramsay boss Craig McNally who will step down next year.
Meet the secretive US billionaires bidding for Fletcher’s Tradelink
The final bidder turnout shows Tradelink has emerged as a trade play, albeit one that has attracted an interesting cast of characters.
Streaming, catch-up services on verge of eclipsing TV advertising
Revenue growth has slowed significantly across the media and entertainment sector – particularly in news – a widely followed annual PwC survey has found.
- Analysis
- Food & drink
How the Domino’s Japanese dream died
The pizza business failed to recognise that Japan’s explosive growth in lockdown was due to its convenient delivery service rather than a shift in consumer taste.
Genesis Capital ups bid in private equity battle for Pacific Smiles
The kingmaker in the battle for Pacific Smiles and its 136 dental centres is co-founder Alex Abrahams, who expects more “twists and turns” to come.
Domacom fund suspended from accepting new money after NDIS closures
Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.
Adore Beauty hires ex-General Pants CEO to lead recovery
After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.
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Markets
Investors brace for bruising earnings season as stocks teeter
Investors are treading carefully this reporting season as overly optimistic earnings expectations baked into the sharemarket could come unstuck.
The price rises creating a dilemma for the RBA
High inflation for items that interest rates have little control over, such as education, healthcare and insurance, will force the RBA to consider squashing harder on the prices of other items.
ASX climbs amid broad rally; Fletcher slumps after profit hit
Shares advance; Adore Beauty names Sacha Laing as chief executive; Fletcher expects $NZ30m hit to earnings; Kogan sees ‘positive trend’ in sales; Bitcoin hits six-week high. Follow here for more.
Fund suspended from accepting new money after NDIS closures
Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.
Australians welcome Trump’s pro-crypto stand
Crypto traders say Donald Trump’s pledges to end the “persecution” of the industry and sack SEC chairman Gary Gensler are a good start.
Opinion
AUKUS critics fail to match their speculation with substance
There is a long list of loud objections to the project. But how many of them really stand up to scrutiny?
Defence strategist
Beware propping up ‘bricks and mortar’ hospitals disrupted by ‘virtual care’
Australia needs a big picture reimagining of how to organise and pay for the kind of healthcare services an ageing society needs, setting aside scare tactics about ‘US-style managed care’.
Editorial
The luxury industry is falling from its elevated heights
The broader fall in luxury consumption has come as a shock to an industry accustomed to attaining ever greater heights, apart from in its pandemic slump.
Contributor
Why the case for an August rate rise has been overdone
The RBA missed its chance to lift rates at the end of last year. Raising them now will be much harder to explain.
Economist
‘Humaning’ and other nonsense: why we put up with corporate twaddle
Office jargon will always be unstoppable because it makes us feel more secure, more of an insider and more able to tell someone something pronto.
Columnist
Will Albanese’s ‘no losers’ reshuffle be enough?
The former workplace relations minister who let the law-breaking CFMEU off the leash by abolishing the Australian Building and Construction Commission has been put in charge of policing the nation’s borders.
Editorial
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
Labor braces for higher inflation, interest rates
Prime Minister Anthony Albanese sought to exonerate the government from rising inflation and a possible rate rise, arguing Labor’s two budget surpluses have helped the RBA reduce price pressures.
New ministers target CFMEU, people smugglers and Greens
Murray Watt cited a CFMEU clean-out as his number one priority, Clare O’Neil refused to yield to the Greens on housing, and Tony Burke headed to Indonesia to talk tough on people smuggling.
‘Not a coherent word’: Keating slams PM, Marles over AUKUS
Former prime minister Paul Keating says there has been no proper debate about AUKUS’ impact on Australia’s defence settings, as a new report backs the delivery schedule.
The price rises creating a big dilemma for the RBA
High inflation for items that interest rates have little control over, such as education, healthcare and insurance, will force the RBA to consider squashing harder on the prices of other items.
Quad expands maritime coverage to combat China aggression
Quad member countries will expand their maritime data sharing program as China’s aggression in critical waterways ramps up.
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World
Meloni vows to ‘relaunch’ cooperation with China
Italy was the only Group of Seven country to join the massive Belt and Road Initiative, but it withdrew last year under US pressure over Beijing’s economic reach.
Israel hits Hezbollah for Golan carnage, but eyes Gaza truce talks
PM Benjamin Netanyahu has vowed to exact a ‘heavy price’ from Hezbollah, which has been trading fire with Israel across the Lebanese border in solidarity with Hamas.
Harris raises more cash in a week than Trump, Biden in a month
Michael Tyler, the Harris campaign’s communications director, called the $305 million raised a “record-shattering haul”.
Maduro declared winner in Venezuela’s disputed presidential election
Nicolás Maduro will face the challenge of legitimising the vote to his people and the rest of the world, given his government’s history of repression and fraudulent elections.
The biggest risk in a Trump-Harris race for the White House
New York-based Australian fund manager Matthew McLennan from First Eagle argues that the lack of a fiscal hawk in the presidential race works in gold’s favour.
Property
NSW’s eviction rules will trigger landlord ‘exodus’
The NSW government’s proposed ban on evicting tenants without reasonable grounds will spark landlords’ exodus and deprive the state of billions of dollars in investments in the rental sector, property investors warn.
Thai family targets distressed sellers for luxury hotel growth plans
Earp Siriphatrawan, whose family owns the 415-room Amora Jamison Sydney Hotel, says distressed vendors have created a buyer’s market.
Trend-setting Toorak mansion for sale for the first time in 70 years
Ballara was one of the first Toorak homes to be built in the simpler California bungalow style that soon spread across suburban Melbourne.
Vendors need to rein in price expectations says Ray White boss
While auction clearance rate are holding up well and standout results on some properties are being achieved,
Costa family puts Victoria’s biggest tomato farm on the market
goFARM, a joint venture between the Costa family and Liam Lenaghan, is selling 4,855ha Winlaton Farms which grows field tomatoes sold to Kagome.
Wealth
Where to invest as the tech megacap rally eases
Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.
- 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
Australians welcome Trump’s pro-crypto stand
Crypto traders say Donald Trump’s pledges to end the “persecution” of the industry and sack SEC chairman Gary Gensler are a good start.
- Opinion
- AI
Why Australia needs its own AI large language model
If we are to retain our economic and cultural sovereignty, Australia needs to develop AI that reflects Australian values.
- Exclusive
- Funding
How Melbourne start-up’s gamble created a $34m business
A risky plan to cut off a $4 million revenue stream and rebuild their software company has paid off handsomely for two Melbourne-based tech entrepreneurs.
Work & Careers
‘I’m going to get a margarita, and I’ll be back’: why CEOs work on holidays
With remote work now the norm for large numbers of professionals and connectivity at near constant levels, for many senior people in business, switching off completely is unrealistic.
Adore Beauty hires ex-General Pants CEO to lead recovery
After selling General Pants to Richard Facioni’s Alquemie Group, Sacha Laing has jumped ship to run the online beauty company.
Life & Luxury
- Analysis
- US election
‘Um, so what is brat?’
The British pop star is providing the soundtrack to Kamala Harris’ presidential campaign.
The six best hotels in Tokyo under $750
While entry-level luxury hotel rooms start at about $US800, there are still great deals to be had. And costs bottom out in August when the weather is maximally hot and humid.
Cartier goes in new direction with a watch that goes anticlockwise
One of this year’s most buzzed-about releases, the limited-edition Cartier Santos-Dumont Rewind, is heading to Australia.
The Cybertruck is a culture war on wheels
Elon Musk’s Cybertruck is inspiring a lot of strong feelings.
Is this the craziest sneaker you have ever seen?
Swiss sneaker maker On is hoping the Cloudboom Strike LS will have the same disruptive effect on the sneaker market that Elon Musk’s innovation had on the car world.
