- Updated
- Gas
Woodside’s $30b Browse LNG project faces EPA knockback threat
The recommendation on Woodside Energy’s $30 billion Browse could be reversed after further negotiations, but a final rejection would be a blow to Labor’s long-term gas strategy.
- Analysis
- National security
The politics of grievance has become something more sinister
Ever since 9/11, terror alerts and politics have been inseparable, but that doesn’t mean there isn’t substance behind them either, writes Phillip Coorey.
- Opinion
- Chanticleer
Why the market’s favourite trades are blowing up
For most of the day it was just a nasty sell-off. But by the end of Monday’s brutal session on the ASX, it was clear something much worse was at play.
ASX dives with no sector spared as recession fears trigger panic
The ASX 200 was steamrolled in the sharpest two-day sell-off since COVID-19 first roiled markets.
ANZ bond trading scandal ‘risks unknown’: Macquarie
Macquarie analysts have run the numbers on what ANZ’s bond scandal could do to its profits whilst conceding some costs are hard to measure.
- Exclusive
- Venture capital
Blackbird, Tiger Global-backed start-up shares valued at zero
Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.
Democrat split intensifies as Harris chooses running mate
The final stage of the campaign to be Kamala Harris’s vice-presidential contender has reached an ugly phase as moderate and progressive donors, interest groups and rivals lobby for their preferred candidates.
Wealth Generation: News and views to help aspirational investors grow their wealth. In your inbox every Wednesday.
TECH TUESDAY
Aussie high jumpers atop the ‘perfect podium’
Four athletes from two nations - Australia and Ukraine - who have dominated women’s high jump recently, celebrated on the mat after sharing the three medals.
Water polo’s golden girls have feisty medallist in their corner
Gold medallist turned coach Taryn Woods says her sport has to be prepared to do what it needs to ensure exposure and inclusion.
Australian swimmers fall one race short of breaking 68-year hoodoo
Every Olympics, Australia and America fight to top the swimming medal tally. In Paris, it came down to the wire.
The Games take the money out of golf, and the players love it
Rory McIlroy calls the divide between the PGA and LIV a “shit-show”, but he and other players have marvelled at the amazing vibe in Paris, even without prize money.
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.
Loading data centre
TECH TUESDAY
- Exclusive
- AI
This Aussie unicorn is paying millions for a chief AI officer. Should you?
SafetyCulture is on the hunt for its first AI boss as companies scramble to find executives to help unlock billions of value from the hot technology.
- Exclusive
- Venture capital
Blackbird, Tiger Global-backed start-up shares valued at zero
Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.
- Opinion
- Digital Life
It’s the battery life, stupid: Why we love Lenovo’s new laptop
Microsoft’s Copilot+ PCs are supposed to be all about the new AI features. But until Recall arrives, all we care about is their fabulous battery life.
Why this earnings season is the end of an era for Apple
The AI era is upon Apple, and all of its tech peers, and the stories it tells its investors and customers about its products are about to change forever.
- Analysis
- The Breakdown
The AI delusion says ‘we’re all going to get rich quick’
That sum is the staggering gap between what tech companies are making from selling artificial intelligence and the likely costs of running it.
Get the front page and latest edition of the Financial Review as it was printed, delivered to your inbox every morning.
Companies
- Exclusive
- Property development
Home building faces Productivity Commission probe
The new inquiry comes amid housing industry doubts that the Albanese government will achieve its goal of 1.2 million homes to be built over the next five years.
Woodside signs $3.7b deal to buy lower-carbon ammonia project
The acquisition of the gas-based ammonia project under construction in Texas is by far the biggest move by the producer into the “new energy” space.
EnergyAustralia returns to profit as prices jump
After two June halves of heavy losses, EnergyAustralia has surged back into the black, buoyed by sharply higher wholesale prices when renewables fell short.
Lynas boss Lacaze sees merit in nuclear power option
Lynas Rare Earths boss Amanda Lacaze says Australia needs to be energy-supply agnostic if it is realistic about becoming a critical minerals superpower.
ANZ bond trading scandal ‘risks unknown’: Macquarie
Macquarie analysts have run the numbers on what ANZ’s bond scandal could do to its profits whilst conceding some costs are hard to measure.
Superhero swoops on MYOB’s Slate Super
The online share-trading platform is one step closer to its goal of becoming a superannuation platform of scale after nabbing the $502 million fund.
Macquarie splashes $816m on giant South Korean data centre
The asset manager’s acquisition comes as it prepares to sell its stake in AirTrunk in a transaction that is expected to value the local giant at $15 billion.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
- Opinion
- Chanticleer
Why the market’s favourite trades are blowing up
For most of the day it was just a nasty sell-off. But by the end of Monday’s brutal session on the ASX, it was clear something much worse was at play.
Traders bet on rapid rate cuts as recession fears deepen
Bond prices are soaring globally after weaker US jobs data rattled investors and prompted traders to dial up the need for urgent rate cuts in both the US and Australia to stem an economic downturn.
- Opinion
- Chanticleer
Why did the sharemarket run so hard in the first place?
There was a fragility about last week’s record high that made this sell-off inevitable. How long it lasts is the main game. It will be a tough week.
ASX charts worst day in four years; tech stocks crumble
The sharemarket ended the session 3.7 per cent lower. Wall Street tumbles after July jobs miss. ResMed unscathed by market-wide rout. Follow here for more.
US recession fears may give RBA confidence to cut sooner
A sudden deterioration in the US jobs market could give the Reserve Bank of Australia confidence that it’s done enough to slow the economy.
Opinion
Markets mayhem jangles investor nerves
Why are markets are suddenly tumbling as sentiment turns down – and is this the start of something bigger?
Columnist
Recession fears no reason for RBA rate cut
It remains a long bow to suggest the sell-off by rattled investors heralds a hard landing in the US economy and a global recession.
Editorial
Philanthropy needs reform to be more inclusive and effective
Philanthropy is not just for the 1 per cent. To maximise the impact of giving, all registered charities should qualify for tax-deductible status.
CEO
RBA must say no to the Recessionistas out there
The Reserve Bank is taking its dual mandate seriously and seems to be ignoring the incessant clamouring for another rise in the cash rate, writes Craig Emerson,
Former Labor minister and economist
Beware the march of the childless voter
The number of non-reproducers is already large and it’s rising, and unfortunately for J.D. Vance, these people may not have kids, but they do have votes, writes Pilita Clark.
Columnist
Why I’m glad I dumped my industry super fund
After his SMSF regularly beat the performance of his former industry super fund for over a decade, Tony Boyd urges more Australians to take control of their super.
Contributor
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
Extremism rising across the board makes terror attack ‘probable’
Security officials are alarmed by Australians embracing more extreme ideologies over issues such as pandemic lockdowns, the war in Gaza and economic hardship.
- Analysis
- National security
The politics of grievance has become something more sinister
Ever since 9/11, terror alerts and politics have been inseparable, but that doesn’t mean there isn’t substance behind them either.
Frustration, confusion and Andrew Tate driving extremism in the young
Extremism experts warn that young men are becoming radicalised after looking to social media for simple answers to complicated economic and social questions.
Beazley names state ‘most vulnerable and worthwhile’ to attack
The former defence minister says a nuclear submarine is vital to protecting the resources industry, urging an even harder line on blocking Chinese investment in critical minerals.
- Exclusive
- Russia-Ukraine war
Australian ambassador shares work space with TikTok and a dog trainer
Australia’s ambassador to Ukraine is working out of a WeWork building in Warsaw amid fears Russian missile attacks make it too unsafe to go back to Kyiv.
SPONSORED
World
Starmer calls emergency security meeting after weekend of riots
Violence erupted in towns and cities including Rotherham, Blackpool and Bristol over the weekend in the first major test for the new Labour government.
- Opinion
- Global economy
Shouldn’t the world thank China for producing too much stuff?
If trade policy were about consumers, the US and EU would thank China for its cheap EVs, batteries and solar panels and its contribution to lowering carbon emissions.
Israel braces for attack as US urges Gaza ceasefire
Benjamin Netanyahu told a cabinet meeting “Israel is in a multi-front war against Iran’s axis of evil”.
Bangladesh protesters to march on government after deadly clashes
At least 91 people were killed and hundreds injured on Sunday in a wave of violence in the country of 170 million, as police fired tear gas and rubber bullets.
Democrat split intensifies as Harris chooses running mate
The final stage of the campaign to be Kamala Harris’s vice-presidential contender has reached an ugly phase as moderate and progressive donors, interest groups and rivals lobby for their preferred candidates.
Property
Centuria buys into Nvidia boom with office-friendly data play
It has acquired a half stake in data centre operator ResetData for $21 million, to repurpose its underperforming offices and jump on the AI bandwagon.
Deals in build-to-rent market ready for lift-off, says US giant
Build-to-rent housing is potentially a big contributor in efforts to plug the country’s chronic housing shortfall which has sent rents skyrocketing.
Vendor goes for ‘bird in hand’ to sell terrace for $1.43m
In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.
This 23-floor Manhattan office building just sold at a 97.5pc discount
It is the latest and perhaps most surprising sign of how the pandemic has upended the state of office buildings in New York, the largest CBD in the US.
- Exclusive
- Pubs
Lenders tried to sell Jon Adgemis’ pubs to Justin Hemmes’ Merivale
Merivale was shown internal financial spreadsheets by one major lender, but ultimately decided against exploring a deal, sources said.
Wealth
- Opinion
- Philanthropy
Philanthropy needs reform to be more inclusive and effective
Philanthropy is not just for the 1 per cent. To maximise the impact of giving, all registered charities should qualify for tax-deductible status.
Buffett halves his Apple stake in $116b stock dump
The cash pile at Berkshire Hathaway has soared to $US425 billion as Warren Buffett struggles to find stocks to buy.
Why Gen X needs to think about retirement right now
A new generation of just over 5 million Australians – born between 1965 and 1980 – is approaching retirement.
Technology
- Exclusive
- AI
This Aussie unicorn is paying millions for a chief AI officer. Should you?
SafetyCulture is on the hunt for its first AI boss as companies scramble to find executives to help unlock billions of value from the hot technology.
- Opinion
- Digital Life
It’s the battery life, stupid: Why we love Lenovo’s new laptop
Microsoft’s Copilot+ PCs are supposed to be all about the new AI features. But until Recall arrives, all we care about is their fabulous battery life.
- Exclusive
- Venture capital
Blackbird, Tiger Global-backed start-up shares valued at zero
Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.
Work & Careers
Dead email address for CFMEU evidence a ‘technical issue’, Allan says
The Victorian premier has defended Labor’s investigation into illegal activity in the construction industry against claims it is a “smokescreen”.
NSW public servants ordered to return to office
Updated guidelines call for more than 400,000 public servants to be in offices “across the whole working week”.
Life & Luxury
How to do Gold Coast’s Bleach festival
If you still think the Goldie is all about surf and schoolies, the exciting, eclectic and inclusive Bleach* Festival will prove you wrong.
Get off the grid to explore Japan’s undisturbed islands
In this part of Japan, there’s no word for retirement in the native tongue. A unique, immersive cruise itinerary will help to reveal why.
A watch that was more than 160 years in the making
A rare selection of historic Three Bridges calibres from Girard-Perregaux is coming to the About Time Watch Weekend.
The IVF initiative saving the Great Barrier Reef
Scientists are making huge advances in restoring the reef by introducing what amounts to a vast IVF program for heat-stressed coral.
Three tests that prove you’re exercising too hard
It sounds counterintuitive, but dialling down the intensity of your workouts could help you get faster and burn more fat.
