Growth tipped to slump to 0.9pc, but don’t expect a rate cut
Outside the pandemic, it would be the slowest rate of annual growth since the 1990s recession, and the sixth consecutive quarter in which GDP per person declined.
AirTrunk seeks final clarifications from bidders; Blackstone hot favourite
Sources said Blackstone was tipped to be chosen as the preferred bidder, although the sellers’ investment committees hadn’t made a decision as of Sunday afternoon.
Australia, US condemn China over ‘dangerous’ new South Sea collision
The collision of the Chinese and Philippine coast guard vessels was the fifth in a month, as tensions escalate between the two nations in the vital waterway.
- Analysis
- US Votes 2024
Trump is a ‘deer in the headlights’ on one key issue
Heading into the campaign’s final stretch, Republicans careen between their base and swing voters on the powerful issue of reproductive rights.
- Exclusive
- Construction
Pay deals keep tradies in line with Big Mac index, but teachers lag
Annual wage growth close to 5 per cent for the past two decades has put CFMEU construction workers ahead of other employees, new earnings analysis shows.
MinRes Air propelled by Multiplex heir Tim Roberts
Mineral Resources’ former director Tim Roberts is half owner of a new airline that Chris Ellison reckons will boost retention at the debt-laden miner.
US-made F-16 crash still a mystery, as Ukraine mourns pilot’s death
After Ukraine sacked its air force chief, two senior US military officials said the cause of the F-16’s crash last week was probably not friendly fire.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
smart investor
Where home buyers can score the biggest bargains now
House sellers are slashing their prices by hundreds of thousands of dollars as fresh listings rise before spring.
Don’t be tricked by these sneaky auction tactics
From fear of missing out to what’s known as ‘money illusion’, it’s useful to understand the psychology of real estate negotiations.
Four strategies to lower pesky lenders’ mortgage insurance
Lenders’ mortgage insurance is a costly nuisance. But if it comes down to paying a bit extra and getting into the housing market sooner, it might be worth doing.
- Opinion
- Property investment
Investing in property for yield has never looked so unattractive
Rather than dealing a fatal blow by ending negative gearing on property, governments are bringing about death by a thousand cuts.
My short-term memory is a worry – should I close my DIY super fund?
Many retirees with SMSFs worry about diminished capacity as they get older – this is what to do.
weekend reads
Going rogue: The big questions over the CFMEU clean-out
Secret meetings of a self-described “leadership in exile” are raising fears the administrator has yet to take control of the union.
Why Australia’s sick hospitals are on the brink
Australians are paying more for surgery in private hospitals than ever, and there is no cure in sight for facilities struggling with record costs and fees.
Australia’s fall in disposable income is the worst in the world
Australia experienced the largest fall across the OECD over the past two years. Economists say it will take another two years to recover.
Telegram’s Durov built a haven for free speech – and child predators
The Russian-born billionaire’s indictment in France has drawn outrage from supporters. But his platform hosts some of the vilest stuff on the internet.
- Opinion
- Live music
The Oasis reunion is all about the vibe
In that sense, Oasis Live ’25 will be no different from a Taylor Swift gig - another major moment but with more bad hair and beery tears.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
Activists seek to stir investor revolt at Woodside
Market Forces is urging shareholders to demand a board revamp at the oil and gas producer, citing a huge increase in emissions from its US LNG export plans.
Private patients face Ramsay hospital lockout
The nation’s largest private hospital operator said it would refuse to deal with health insurers that did not agree to cover a bigger portion of surging costs.
Bank boss outraged by 10pc transaction fee for coffee
The Reserve Bank is already scrutinising the growing practice of adding a fee to the cost of a purchase to cover the cost of processing the transaction.
- Updated
- Casinos
Regulator has Star chair in its sights despite licence reprieve
A report authored for the NSW regulator was scathing in its assessment of the company’s former chief executive and its board, led by chairwoman Anne Ward.
We have suffered reputational damage from bond scandal: ANZ boss
Shayne Elliott says he’s prepared to face the consequences of the fallout of the bond trading and culture scandal as he defended the bank’s actions.
Maggie Beer Holdings caps disastrous year as it slumps to $28m loss
The gourmet food producer has lost its chief executive and chief financial officer in the past month, and has written down the value of several divisions.
CBA’s chief economist says farewell with a prediction about the future
Stephen Halmarick spent four years advising the country’s largest bank and its customers on what’s going to happen next. Now he’s making his own plans.
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Markets
S&P 500 rises after data confirms inflation cooling
The US benchmark spiked higher in the final 10 minutes of the session, lifting its gain for the month of August to 2.3 per cent.
ASX investors flood back as earnings season soothes market panic
Strong dividends and signs that consumers were still spending fuelled a recovery from a shock sell-off this month, with the ASX 200 back near record highs.
RBA won’t copy the Fed on 2024 rate cuts: Hauser
The RBA will not follow the Fed and cut rates this year because inflation is still too sticky and the 4.35 per cent cash rate is not very high, deputy governor Andrew Hauser says.
Fed’s preferred inflation gauge holds steady in July
The personal consumption expenditures index showed that yearly inflation was 2.5 per cent, another sign that price pressures continue to moderate.
Hopes for 2024 cuts weaken as data signals RBA stuck on hold
Australian inflation and retail sales data are not sufficient to warrant an interest rate cut by the Reserve Bank this year, warned strategists.
Opinion
Five questions to ask for Australia to reach economic destiny in Asia
After years of spruiking ‘engagement’ with the region, we need to start asking ourselves some deep questions about how we advance our prosperity in the region.
Foreign policy expert
At CFMEU protests, the most important group didn’t turn up
The average trade union member these days is not a big beefy bloke in a hard hat and black T-shirt, but a 46-year-old female nurse.
Political editor
Business must speak up and push back on populism
Matt Comyn was right to challenge the fact-free rhetoric that is debasing Australia’s politics.
Editorial
Why Paul Keating is furious with Jim Chalmers
For the first time, the former Labor leader is slamming the Albanese government on economics rather than AUKUS. It’s all about the politics of aspiration.
Editor-at-large
Greens, Coalition set the pace on a hapless government
Anthony Albanese’s Labor has been left as piggy-in-the-middle, trying to catch a ball being thrown by the opposition parties.
Columnist
Here’s what is really going on in Australia’s sharemarket
After an intense month of profit results, when fund managers met with the majority of ASX-listed companies, the key takeaways were illuminating.
Contributor
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
Going rogue: The big questions over the CFMEU clean-out
Secret meetings of a self-described “leadership in exile” are raising fears the administrator has yet to take control of the union.
Why Australia’s sick hospitals are on the brink
Australians are paying more for surgery in private hospitals than ever, and there is no cure in sight for facilities struggling with record costs and fees.
- Exclusive
- CFMEU
Setka’s wild rant at unions, the ACTU, Albanese and more
Former CFMEU boss John Setka has hit out at Prime Minister Anthony Albanese, Labor ministers, the ACTU and others in an expletive-laden rant.
- Analysis
- Pacific diplomacy
Drinks and power moves: Inside a week of Pacific diplomacy
At the Pacific Islands Forum in Tonga, Taiwan booked out the only rooftop bar, China waited in the wings and Australia kept the show on the road.
- Exclusive
- Federal election
Cost of living concerns start to moderate, but it’s still number one
Concerns have moderated for the first time in almost three years, but it leaves no room for complacency for the Albanese government as the federal election approaches.
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World
UN races to halt polio in Gaza as fighting set to pause
The drive to inoculate children in the Gaza Strip was sparked by the first confirmed case of the disease in 25 years in the war-torn territory.
US oil industry urges Kamala Harris to come clean on energy plans
The Democratic presidential candidate dropped her opposition to fracking last week during an interview, but still supports the green transition.
Zelensky dismisses Air Force chief days after an F-16 crashed
There were “indications” that friendly fire from a Patriot missile battery might have brought down the jet, according to a preliminary investigation.
Brazilian judge bans X as Musk challenges top court
The banning of the platform formerly known as Twitter caps a months-long feud between Musk and Supreme Court Justice Alexandre de Moraes.
- Opinion
- US election
Trump can still showboat his way to the White House
No modern politician knows how to make an entrance like Donald Trump, but his uncommon talent for working crowds has to overcome his ability to alienate half the electorate.
Property
Mormons join $1.1b American push into ‘undervalued’ Aussie farmland
The Mormon Church has purchased a Queensland cropping aggregation for over $300 million, while a NASDAQ-listed company has acquired the Bell family’s NSW farming empire.
- Exclusive
- Industrial
Rich Listers double down on industrial with $800m logistics plans
Brothers Andrew and Michael Buxton have spent almost $150m buying adjoining sites in south-east Melbourne where they are planning an $800m logistics estate.
Bleak outlook for commercial property: NAB
Sentiment and confidence waned in all states bar Western Australia with Victoria the clear under-performer in all sectors, according to an industry survey.
Guggenheim rises in the desert as Abu Dhabi morphs into expat hub
All around, there are growing signs of a big construction boom that’s changing the face of this once sleepy, oil-rich emirate.
Weekender dreaming: It’s a great time to buy a holiday home
Listings for popular getaway destinations are at their highest in five years, while demand has fallen, making now a good time to look for a holiday home.
Wealth
The super funds failing to perform
For the first time, all default MySuper options passed the APRA performance test, but big retail funds continue to underperform.
Yachts, fine art and investment properties targeted by ATO
The ATO will use data from insurance and property management companies to cross-check taxpayer claims.
- Opinion
- SMSFs
Beware – DIY repairs and renovations are a minefield for SMSFs
Doing work on a property owned by your SMSF is fraught with danger because of strict tax and superannuation laws. Here’s what you need to know.
Technology
- Analysis
- The Breakdown
Why Nvidia, Apple and OpenAI need to strike a big deal
Microsoft has long been a major investor in the ChatGPT maker, now the two biggest companies in the world look like jumping on board, and OpenAI needs them.
Apple, Nvidia in talks to invest in OpenAI valuing it at $147b
The technology giants would join a multibillion-dollar funding round alongside Microsoft and Thrive Capital that would value the start-up at $147 billion.
- Analysis
- Earnings season
Nvidia’s fall shows ‘just great’ isn’t good enough any more
On the surface everything was rosy in Nvidia’s market-shifting earnings call, so why have investors headed for the door?
Work & Careers
The directors under 50 making their mark on top ASX boards
BOSS talks to five directors under the age of 50 about their careers and the experience they bring to the boards on which they serve.
Millions of workers could soon get more WFH rights
Millions of clerical workers could soon have the right to request working-from-home arrangements under changes being considered by the Fair Work Commission.
Life & Luxury
The Australian brands cashing in on Gen Alpha’s skincare obsession
They can’t drive yet, but the spending power of people born after 2010 is predicted to outstrip that of their parents and Gen Z combined.
Petricola stars as Aussie clinch velodrome medals
Emily Petricola has overcome a flare-up of multiple sclerosis to smash her own world record and retain her Paralympic gold medal.
Opera Australia artistic director gone amid rift with boss
Australia’s largest performing arts company is in turmoil, with Jo Davies resigning after just nine months in the role amid a split with CEO Fiona Allan.
11 things that are making you old before your time
You can avoid the pitfalls of ageing by befriending the young, tackling stairs, cutting back on your pill intake – and more.
- Opinion
- Live music
The Oasis reunion is all about the vibe
In that sense, Oasis Live ’25 will be no different from a Taylor Swift gig - another major moment but with more bad hair and beery tears.
