The search is on for Australia’s fastest growing companies.
- Opinion
- Chanticleer
Inside Richard White’s big plans for WiseTech – and saving the world
WiseTech CEO and co-founder Richard White reckons the moat around his company is getting bigger for one key reason.
‘What a scoop ha ha’: Text from Higgins’ partner to journalist aired
Samantha Maiden has told a court she thought a message sent to her by Brittany Higgins’ partner David Sharaz in the days after her alleged rape was inappropriate.
- Opinion
- Climate policy
The new wave of climate claptrap
Misleading, misinformed or just plain baffling utterances continue to gush forth in the face of an increasingly evident problem, writes Pilita Clark.
Overseas caps could lead to more risky students
As the education sector waits for details on caps on international students, experts warn there could be some dire and unintended consequences.
Domestic violence protections being ‘weaponised’
Child protection and legal systems designed to respond to domestic violence are being weaponised by perpetrators, the government’s independent commissioner has warned.
- Results Wrap
- Chanticleer
How Scentre came through the Bondi Junction tragedy
Amid a deluge of results, it was a story about something much more than money that moved us here at Chanticleer.
David Di Pilla’s dream for a $50b funds business
David Di Pilla says investments in energy, digital infrastructure, private credit and private equity will each grow into $10b businesses.
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EARNINGS SEASON
Property fund manager’s shares jump 15pc after results
Charter Hall has accumulated an $81 billion pool of mostly property assets. CEO David Harrison says the market has realised it’s been “unfairly marked down”.
Superloop is winning the race for value, CEO claims
Aggressive competition in the broadband market is benefiting the internet provider as people trade down to cheaper plans.
WiseTech boss $1.7b richer after shares rocket on profit outlook
Tech entrepreneur Richard White is worth $14.1 billion after WiseTech delivered one of the most formidable results of the season on Wednesday.
IAG blames construction costs for higher premiums
The cost of subcontractors in Victoria rose by 18pc in the past year, putting pressure on housing insurance premiums across the country.
Westfield owner Scentre’s mall buying spree not done
Scentre is banking that its strong first-half performance will attract more capital to allow it to buy malls at a time when more of them are for sale.
HIGHER EDUCATION AWARDS
- Commercialisation
- Higher Education Awards
This special paint could save lives from bushfires
New paint technology developed at UNSW to help fire-proof homes is a joint winner in the Higher Education Awards research commercialisation category.
- Teaching Excellence
- Higher Education Awards
The secret to training the next generation of tech whizzes
From curing maths anxiety to using AI to teach a tricky programming language, these Teaching Excellence winners are producing Australia’s future tech workforce.
- Lifetime Achievement
- Higher Education Awards
Meet the economist turned accidental uni vice chancellor
Professor Margaret Gardner, the only vice chancellor to become a state governor, has been awarded this year’s Lifetime Achievement Award.
- Opinion
- Higher Education Awards
Unis showcase their work in the community
Universities continue to invest in public good and community-oriented initiatives, which is a very hard call in difficult times.
- Employability
- Higher Education Awards
Job-ready skills for the fast-changing workplace
The joint winners of the employability category embed career experience in study programs to give graduates an edge in the competitive job market.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
Why Australian companies need to worry about a 36-year-old US law
Australian companies which have video available in the United States could be unknowingly exposed to privacy laws passed following a scandal about the publishing of a Supreme Court nominee’s mundane video store rental history.
Sun Cable targeting green customers as approval secured
Several letters of intent have been signed with aspiring industrial-scale green energy buyers in Darwin, Sun Cable Australia MD Cameron Garnsworthy said.
MA Financial pens $1b deal with Humm financing vehicle
The investment bank and non-bank lender will acquire up to $1 billion in loans secured against a raft of assets from equipment to machinery.
This ‘Bloomberg killer’, backed by Microsoft, might succeed
There are a number of so-called “Bloomberg killers” already littering the financial technology graveyard, can this one win over users?
Iluka to halt rare earths refinery unless Labor caves in on funding
Iluka Resources says it won’t finish building a strategically important rare earths refinery unless the Albanese government comes up with more funding,
Santos juggles growth against returns eyeing Narrabri
Any investment decisions on new growth projects will have to be weighed up against returning capital to shareholders, CEO Kevin Gallagher said.
St Vincent’s and NIB back from the brink with new deal
Hospital group St Vincent’s has secured a new funding deal with NIB which it says will avoid thousands of patients paying higher costs.
Companies in the News
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Markets
Investors warn election pledges are delaying RBA rate cuts
There are fears that Queensland will launch a wave of fresh spending to woo voters ahead of its election which will add to the RBA’s inflation headache.
ASX rises as miners, Charter Hall help
Shares gain; lower LNG prices hit Santos; new chiefs at Perpetual & Atlas; Superloop & PEXA narrow losses; gold bar breaks above $US1 million. Follow updates here.
Why now’s not the time to jump back into BHP
Australia’s mining giants’ share prices have fallen more than 20 per cent this year, but Morningstar says they are still yet to reflect the risk from China.
Billions in private capital increasingly exposed to soured loans: Pimco guru
Christian Stracke, the firm’s global head of credit research, said investors are leaning towards new forms of private capital, particularly asset-backed deals.
Aussie dollar’s rebound brushes off China woes
The $A has staged a powerful recovery from the market rout to climb above US67¢ despite the collapse in iron ore prices. Strategists expect the rally to keep going.
Opinion
RBA must not mince its words for Chalmers
Treasurers have often tried to muzzle bankers and economists undermining the government’s economic narrative.
Economics editor
Harris should distance herself from Bidenomics
The US president’s high-spending protectionism is bad policy and worse politics. It has no answer to America’s brewing public debt crisis.
Contributor
Vice chancellors feel the political heat
Universities say they are in crisis after Labor’s cap on overseas students, but the education minister says his priority is getting more equity students into the system.
Columnist
The new wave of climate claptrap
Misleading, misinformed or just plain baffling utterances continue to gush forth in the face of an increasingly evident problem.
Columnist
University scapegoats still need to get houses in order
The Higher Education Summit heard a system based on decades of massive expansion, loan-funded students and big injections of foreign students is at a watershed.
Editorial
Manage migration in one office again
We will only get rational decisions on the issue when all the data and governance is put under one department and senior minister.
Migration expert
Reports
Higher Education Awards
The Higher Education Awards highlight the tremendous contribution that the Higher Education sector makes to Australian capability, prosperity and society.
Politics
Liberal council bungle could hit federal seats
The Liberals will lack local councillors in key federal seats where they could have helped boost the party’s brand.
Premiers warn on NDIS reforms, risking new peace agreement
South Australia’s Peter Malinauskas and Tasmania’s Jeremy Rockliff have helped broker a major deal on disability governance, helping push through reform legislation in the Senate.
- Exclusive
- US election
Scaramucci warns Trump must be ‘torn into pieces’ to end MAGA-mania
Donald Trump’s one-time chief spinner believes Kamala Harris will win the election, but the former president could run again in 2028.
- Exclusive
- Building Bad
CFMEU mulls High Court challenge, employers also face scrutiny
CFMEU national secretary Zach Smith is not ruling out a High Court challenge to legislation forcing the union’s construction divisions into administration.
- Exclusive
- Aged care
Government lowers contribution caps to secure aged care deal
The Albanese government is set to lower its proposed lifetime caps in an effort seal a deal with the Coalition to secure more sustainable funding for the aged care sector.
SPONSORED
World
Ukraine launches ‘one of largest’ drone attacks on Moscow
The attack on the Russian capital was part of a broader Ukrainian drone strike across regions in Russia.
Obamas ignite Harris campaign but warn of tight race
The former president told a roaring crowd the vice president would not be a self-centred leader like Trump, but instead focus on improving Americans’ lives.
Prominent lawyer’s haunting post before superyacht tragedy
The Clifford Chance legal partner was aboard tech tycoon Mike Lynch’s boat to celebrate their marathon courtroom victory when it sank off the coast of Sicily.
This stock is a barometer of Donald Trump’s election chances
A rollercoaster presidential campaign in the United States has taken shares in one copper explorer for a wild ride.
Blinken warns time running out as bodies of six hostages recovered
The US secretary of state left the Middle East without a ceasefire deal, as Israeli authorities discovered the bodies in an overnight operation.
Property
Mortgage stress warning as owners sell despite falling prices
Home vendors in some pockets of regional Victoria are facing the toughest selling conditions in the country.
The two Perth mall deals that have revived the retail market
The Claremont Quarter sale brings the dollar amount of Perth malls transacted this week to $627 million.
Dexus posts $1.5b loss as office values tumble
The fund manager and investor expects a drop in earnings in the 2025 financial year amid a challenging commercial property sector.
Chadstone owner Vicinity beats guidance as occupancy rates rise
The mall landlord reported operating earnings of 14.6¢ per security after saying in February that it would hit the top end of its guidance of 14.5¢.
Ingenia reveals five-year plan for settlements growth
The developer of affordable accommodation for downsizing Baby Boomers wants to focus its own capital on the core land lease business.
Wealth
Millennial Zac dumps home ownership dream for ETFs
Zac Shparberg, 30, says he has no hope of owning a property in the city he grew up in. So, he’s embraced a different wealth creation plan that experts say could work.
How to calculate your net worth (and why you should)
Trying to build wealth without knowing your net wealth is like steering a ship without a compass. You might not get very far, and you could even go backwards.
Can I get a mortgage without a credit score?
Credit scores are a shortcut used by credit providers to assess your history in repaying debt. But what happens if you don’t have one?
Technology
- Exclusive
- Start-ups
Uber scraps $105m Aussie car-sharing division
Uber will shut down its Carshare business, bringing the end to an Australian experiment it began in 2022 with the $105 million acquisition of Car Next Door.
How to use AI in unis – and spot ‘very bland’ cheats
Banning AI was an understandable knee-jerk response, says ANU vice chancellor and tech expert Genevieve Bell. But it won’t work.
Why an Aussie firm spent $1.5m on a ‘Drive to Survive’-like rally doco
In a branding strategy inspired by the success of influencers such as MrBeast, SafetyCulture founder Luke Anear is using YouTube to increase audience reach.
Work & Careers
A CEO’s tips to light up your day: Tony Robbins and the Macarena dance
Claire Barnes is the chief executive of New Zealand-based Ecoya. She starts her morning with music, avocado toast and Tony Robbins’ priming exercises.
‘Crazy’: doubling uni graduate rates in current economy a big ask
Labor’s plan to dramatically raise the number of Australians with tertiary qualifications is “exceedingly ambitious”, says one of the UK’s leading educators.
Life & Luxury
Melbourne Symphony blind to pianist’s anti-Israel views
As arts companies more closely scrutinise their talent for potentially divisive views, it appears the MSO was unaware of strident anti-Israel social media posts by Jayson Gillham.
- Opinion
- Style
No press, please: Why some big names in fashion don’t talk
When you buy high fashion, you’re buying into the designer behind it. So how come some say so little?
Older adults do not benefit from light drinking, research shows
A large study has found no reduction in heart disease deaths even among moderate drinkers, and alcohol probably raises cancer’s risk “from the first drop”.
‘In a class of its own’: a radical new racing yacht sets sail
Two driving forces of Australian sailing have come up with an ingenious new type of craft, with a specially designed keel.
This off-grid Himalayan walk will re-boot you from $1225 a day
Crawling not running towards the end of the year? Book this 6-day trek in remote northeastern India for a reality check, and a nature-fuelled recharge.
