- Exclusive
- Aviation
Coalition wants powers to force Qantas to divest Jetstar
Though the Opposition is not calling for the low-budget airline to be sold, it thinks the threat will push the country’s largest carrier to lower prices.
Westpac promotes business bank boss Anthony Miller to chief executive
The former Deutsche Bank investment banker, who joined in 2020 and was promoted to run the business bank last year, will succeed Peter King in December.
- Live
- Markets Live
ASX to drop as jobs fears flood Wall Street; GyG to join ASX 200
Recession fears resurge after US data. CEO Peter King to depart Westpac in December. Nasdaq sinks more than 2 per cent. Follow here for more.
- Live
- Need to Know
‘Urgent track repairs’ cause commuter chaos in Sydney
Sydney Trains have shared a photo of the broken track at Central; Jacqui Lambie calls for defence to be “open and honest” as the report into veteran suicide is handed down. Follow live updates.
Trump hits the lead as Harris’ momentum stalls: poll
Ahead of the crucial debate, the new survey finds Donald Trump is retaining his support and voters are unsure they know enough about where Kamala Harris stands.
- Exclusive
- Building Bad
CFMEU deals put union in bed with bikies and the underworld
An investigation reveals the relationships that have vaulted companies with links to criminals into favoured positions on the nation’s building sites.
- Exclusive
- Big four
APRA repeatedly warned ANZ on risk and culture failings, letters show
Confidential correspondence shows the regulator told executives almost two years ago that it was “not yet apparent” who would deliver a risk overhaul.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
- Exclusive
- Retail
Billionaire Brett Blundy plots new brand to relive lingerie glory days
The businessman was behind the Bras N Things chain, which was sold to Hanes for $500 million, and Honey Birdette, acquired by Playboy for $443 million.
Former La Trobe boss eyes next fortune – as US oil and gas baron
Two years after leaving the company his father founded, Greg O’Neill has emerged as a big shareholder in group that has secured leases out from under Chevron.
Murdoch family fights attempt to have legal battle televised
The Murdochs are fighting an attempt to televise their Succession-style legal battle in a row over the family’s right to privacy.
- Opinion
- Chanticleer
‘It’s a race’: Khuda on AI, leadership and the Sydney Swans
After celebrating his $24 billion deal with a bit of rest and a footy final, the AirTrunk boss will be ready to charge into the company’s next growth phase.
Transurban’s plan on the table in Sydney toll fare overhaul
Investors are optimistic that the toll road group’s preferred option will be a serious bargaining chip as NSW prepares to overhaul Sydney’s motorway fares.
AGL, nation’s biggest carbon emitter, awarded stellar ESG rating
Influential proxy advisor CGI Glass Lewis says the Mike Cannon-Brookes-backed company is being transparent about its efforts to pivot to clean power.
Can sorbet sell hard seltzer? Fellr is banking on it for the summer
The local alcohol brand faces intense competition from overseas giants, including White Claw. The tie-up with hot gelato outfit Messina appears to be working.
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Markets
Wall Street’s ESG backlash does little to dent Australia’s enthusiasm
Analysis from Jarden shows ASX-listed groups increased their mentions of environmental, social and governance commitments in the last earnings season.
ASX set for heavy sell-off after poor jobs figures hit Wall Street
The worse than expected economic news led the US sharemarket to its worst week since at least March 2023. ASX futures point to a 1.3 per cent fall on Monday.
- Opinion
- Investing
Forget the data, the stage is set for substantial gains in equities
The US and Australia are inching closer to recessions, yet asset prices remain near all-time highs. Clearly, other forces are at play.
- Opinion
- Chanticleer
Don’t ignore this quiet correction on global markets
Friday night’s US jobs numbers gave markets a nasty jolt, but when we zoom out a more concerning picture emerges.
New York Fed president says time for rate cuts has arrived
A more evenly balanced economy has opened the door for a pivot, though John Williams said he has no personal view on the pace of reductions.
Opinion
Chalmers’ competition review set to test Albanese’s aviation blind spot
Labor’s long-awaited aviation white paper contains exactly nothing new in terms of acting on competition concerns. Treasury’s views on competition are clear.
Senior reporter
Is it time to force Qantas to break up with Jetstar?
Labor’s aviation white paper failed to deal with the airline duopoly, so the Coalition is now calling for the competition review to include divestiture powers.
Shadow minister
Why you’re not alone in enjoying your job
Satisfied employees are convinced they are lucky exceptions in a world of toxic bosses and burnout.
Columnist
The Future Fund’s big hedge fund bets are paying off
In a horror year for active funds management, the $225 billion sovereign wealth fund has made a big bet on stock picking – and the results are looking good.
Senior reporter
Australia’s forked tongue foreign policy
At least the Americans discern no contradiction in Australian strategic policy, but the government continues to contort its messaging.
International editor
Shorten’s political legacy will rest on Labor reining in NDIS
He will always be remembered for losing the unlosable election. But he may ultimately come to be judged by whether he can help tame the monster social program.
Editorial
Reports
Clean Energy - the bumpy transition
This special report looks at how Australia is tracking to meet net zero goals, and the new technology that can help us get there.
Politics
Labor facing minority with Liberals competitive in teal seats: poll
Labor is facing the loss of up to 10 seats at next year’s election, the latest polling shows.
Record government spending sparks taxpayer-backed jobs boom
Of the 209,000 jobs filled in the six months to June 30, about half were classified as public sector, but there are questions about whether this is best for the economy.
- Exclusive
- Federal budget
King flags road and rail blowouts amid ‘severe’ budget constraints
Despite parochial outrage about road and rail funding, WA and NSW have signed up to Labor’s funding deal, though the Infrastructure Minister has flagged more cost blowouts are coming.
Labor celebrates gender equality milestone
Women in the ALP caucus will this week celebrate the 30th anniversary of a landmark vote to enshrine gender quotas in party rules for the first time.
- Exclusive
- International students
Capping overseas students will trigger recession: economists
Australia’s commodities surge is over. Yet, the booming $50bn education sector is the subject of ferocious cuts with dire consequences.
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World
- Analysis
- US election
One chart saved Trump’s life, but another could salvage his campaign
Recent data suggests that foreign-born workers are nabbing more jobs than native-born Americans. It’s nuanced, but the Republican nominee is capitalising on it.
Trump vows to shake up Justice Department, purge civil service
The former president pledged to eliminate the Department of Education, redirect the efforts of the Justice Department, and fire civil servants charged with carrying out Joe Biden’s policies.
Venezuela opposition candidate flees to Spain
Edmundo Gonzalez, 75, who ran against President Nicolás Maduro in July, left after seeking refuge in the Spanish embassy in Caracas several days ago.
- Analysis
- Social media
How France embraced Telegram’s Pavel Durov — before turning on him
Accustomed to mixing with the nation’s elite, the tech billionaire says he was surprised to be targeted by its legal system.
Israeli protesters surge into streets as Gaza tolls grows
The new protest came as health workers wrapped up the second phase of an urgent polio vaccination campaign in Gaza.
Property
Remote work hits office values harder than the GFC
Office tower values have dropped 22 per cent from their peak, and the slump isn’t over yet according to some analysts.
Spring selling season starts slowly as vendors take wait-and-see approach
Auction volumes held steady during the first week of spring as vendors bet on strong initial results to help bolster prices.
- Exclusive
- Luxury property
Darling Harbour apartments with ‘unparalleled’ views to trigger price-war
The double-storey apartments that will overlook Sydney’s Darling Harbour are set to be the newest luxury properties to enter the city’s high-altitude wars.
- Exclusive
- Office
‘We are growing’: HWL Ebsworth to call Martin Place home
Top-tier law firms are on the move across the central business district, upgrading into more appealing workplaces as the war for talent heats up.
- Exclusive
- Luxury property
Resort-style home linked to alleged fraudster hits market
The price guide of $16 million makes it the most expensive home on the NSW Central Coast.
Wealth
‘I gave my husband almost everything in our divorce’
Dionne Lee was sure she could rebuild her financial life after divorce, but most people aren’t so confident. If that’s you, this guide will help.
Earning big money but still broke? It could be lifestyle creep
Routinely splurging on luxuries can leave even very high earners drowning in debt. Three ways to set yourself free.
What to do with a six-figure redundancy payout
Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.
Technology
Can I wear my Apple watch to a formal event?
A reader loves his smartwatch – but can he wear it when the dress code is black tie?
Urgent laws needed to ban AI election fakes
AI-generated fake videos showing political leaders banning gambling advertising have prompted the government to seek the advice of the Electoral Commission.
Salesforce seals $2.8b deal for data protection startup Own
The acquisition of the data protection and management solutions provider is the biggest deal Salesforce has announced since buying Slack in 2021.
Work & Careers
It’s getting harder to find extra work to make ends meet
The number of people with multiple jobs is falling as the jobs market tightens.
How to get a white-collar job without a degree
University enrolments are declining as more high-school leavers like Tony Nguyen skip campus and head straight to the workforce.
Life & Luxury
- Driving With Tony Davis
- New car snapshot
Want a Porsche but need a comfy family car? Here’s your solution
For those looking for a cross between a sports car and luxury sedan, the Porsche Panamera will last the distance.
The creative mind behind Bulgari’s bejewelled ‘investment’ bags
Fashion designer Mary Katrantzou is now officially leading the charge at Bulgari’s accessories division, creating bags as precious as a piece of high jewellery.
Art lovers turn out in force to snap up works at Sydney Contemporary
Many gallery owners at the art fair, with one eye on the limp art market so far this year, say they have done much better than expected.
Why men are joining book clubs
The world sleepwalked into a loneliness epidemic. Is the humble book club the remedy?
Developer to display Baker’s music trove after paying $314k
Amateur drummer Paul Lambess has already rejected requests to sell parts of journalist Glenn A. Baker’s 80,000 records and CDs.
