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Experts share their latest strategies and insights to safeguard businesses from cyber incidents.

Full coverage here.

The big four banks are riding high and pushing the ASX to new levels.

Meet Australia’s riskiest mortgage customers

The wave of mortgage refinancing that has occurred in the past two years is now starting to show up in loan delinquencies.

US Fed chairman Jerome Powell at a press conference overnight. He said it was a “balancing act” to subdue inflation and keep the economy growing.

Powell poised to cut rates and not ‘screw up’

The Fed chairman is set to begin lowering interest rates this week, perhaps by half a percentage point, as inflation fears fade.

Local shares are set to open higher after a positive start to the week in New York.

ASX hovers near record high; Platinum soars on Regal bid

Australian shares just shy of intraday record. Dow resets intraday record. Techs lag as half-point cut bets surge. Microsoft unveils $88.9b buyback. Follow updates here.

CBA warns of $US80 iron ore price as China’s steel crisis deepens

Commonwealth Bank warned the risk of $US80 iron ore is ‘not too far from current reality’ on the same day as Goldman cuts its forecasts by 15 per cent. Brokers says that more producers need to cut output.

Murdochs gather for family battle like no other in Reno

The most important figure in western media over the coming weeks will be the probate judge charged with adjudicating on this dispute.

‘Immaturity and spite’: Albanese slams Greens over housing legislation

PM slams opposing parties for blocking Senate bills; At the AFR summit, business were told they would be forced to disclose cyber ransom payments; Elon Musk jokes about assassination attempts on Democrats. Follow live updates.

Genesis lobs $300m bid for struggling dental outfit Pacific Smiles

The private equity firm wants to give shareholders and management certainty over the fate of the business, and put an end to the protracted takeover battle.

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EXECUTIVE EDUCATION

Cherie Diaz, executive director of education innovation at Western Sydney University.

There’s still room for the MBA on the portfolio development journey

The MBA may not be the shoe-horn into the leadership seat it once was. However, it does send an important signal to current and future employers.

How to navigate the alphabet soup of letters after a name

Don’t end up with your foot in your mouth when addressing others who have achieved a lot in their life.

There’s “much more heightened awareness on supporting younger talent and creating paths to step it up”, says Lisa Kay, head of delivery for Abundance Global.

The new corporate ladder is flatter than ever

What are the skills a modern-day executive needs, and if you have aspirations for leadership, how do you go about making it to the top?

Setting homework the old way may be useless in AI era

Australian universities are navigating a period of radical change as artificial intelligence rewrites the rules of engagement.

DEI is no longer just about ethics, it’s about profits, academics say

Australian business schools are providing an increasing amount of diversity components to reflect a growing corporate demand.

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Companies

Adairs new CEO Elle Roseby at home in Brighton. She joins the retailer in January.

Adairs snares ex-Country Road boss as next chief

Two months on from exiting the turmoil at Country Road Group, Elle Roseby will next year take the top job at the ASX-listed home furnishings and linen company.

Star Entertainment has held talks with regulators, lenders and investors for nearly two weeks. It is seeking short-term financial relief.

Star Entertainment lands $100m instant cash injection in bailout deal

The casino’s lenders are now seeking approvals for a new two-tranche loan that would give new chief executive Steve McCann a chance to turn around the business.

Commonwealth Bank’s chief data and analytics officer Andrew McMullan is accelerating the bank’s AI plans.

CBA explores replacing local call centre staff with AI

The bank has begun testing its Hey CommBank platform, which would significantly expand the use of artificial intelligence in customer interactions.

Jon Adgemis left behind his corporate advisory practice to launch a major hospitality empire.

Jon Adgemis’ Public Hospitality loses control over five pubs

US private credit investor Muzinich & Co has pulled out of a major refinancing deal and called in receivers for venues including Oxford House and The Norfolk.

GFG Alliance’s bills mount as the Whyalla Steelworks begins to strain

The South Australian government says it is important not to “create a panic” even as some suppliers to the Sanjeev Gupta-run business lodge default notices.

Revealed: the former EY partner being sued by the ATO

Peter White allegedly took $700,000 in secret commissions while setting up illegal tax schemes for wealthy clients.

MinRes cites large gas resource amid talks on $500m sale

The estimate of the Perth Basin resource comes as MinRes is speculated to be in talks with potential bidders or partners including Mitsui, Beach and Hancock.

Companies in the News

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Markets

WAM Leaders is calling for more asset sell-offs at Star Entertainment.

‘No sacred cows’: Star Entertainment shareholder demands fire sale

Wilson Asset Management’s John Ayoub is demanding the troubled casino operator sell assets and return cash to investors “in one form or another”.

Investors have been enticed by the safe haven appeal of precious metals.

‘Stars aligning’ for breakout rally in gold, silver

Traders are piling into the precious metals ahead of the Federal Reserve’s hotly anticipated board meeting this week, extending a powerful rebound in resources stocks.

Ashley Lester, Global Head of Research at MSCI, says there are still lessons to be learnt from the dot-com crash.

Investors have forgotten the lessons of the dotcom crash

MSCI’s head of research Ashley Lester has some thoughts on what many analysts have warned is the next bubble: the rapid rise in US tech valuations.

Why ‘lender-on-lender violence’ is on the rise

As the 2021 vintage of private equity loans fall due, things are getting a little nasty among lenders, and sometimes among their borrowers, too.

ASX closes at all-time high, BHP, Rio ease

Shares rise; Austal wins $671m contract; Auckland Airport in $1.3b equity raise; Beyond Bank-P&N merger canned; Canada’s court to decide on Paladin-Fission buy. Follow updates here.

Opinion

There is a much better way to fund universities’ R&D spend

The damage that international student caps would do to our sovereign research capability can be addressed by fully funding research overheads.

Richard Holden

Economics professor

Richard Holden

What Trump or Harris would mean for global markets and Australia

Tariffs are unlikely to have a direct impact on Australian trade, but changes to US trade policy may have a larger effect on our ambition to diversify our export base.

Susan Stone

Economist

Susan Stone

When the CEO pipeline is mostly men it’s time to look outside the box

One of the reasons for the dearth of female CEOs is that companies are choosing from a pool that is far too shallow.

Sally Patten

BOSS editor

Sally Patten

Not pulling the climate trigger shows needle Labor must thread

Anthony Albanese has overruled Tanya Plibersek on a deal with the Greens because he doesn’t want to hang a lantern over what a Labor-Greens minority government might entail for the mining industry, especially in WA.

The AFR View

Editorial

The AFR View

The ‘insolvency armageddon’ is all hype

Concern about the record number of company failures is not only overblown, but the surge in businesses going bust is probably a good thing, writes Michael Read.

Michael Read

Economics correspondent

Michael Read

Energy revolution happens a cooktop at a time

The green transition starts in households. If you don’t think that’s true, then you have not thought about it enough.

Zoe Daniel

Federal MP

Zoe Daniel

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.

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Politics

The BCA dinner is It is also the opportunity for the Prime Minister to take on the big economic reform challenges, such as tax reform and boosting productivity called for by Bill Kelty.

Kelty condemns Labor failure on growth

Trailblazing former union leader Bill Kelty says the Albanese government has no plan for economic growth and no appetite for the big reforms to secure Australia’s future.

From left, former BCA chief executive Jennifer Westacott, Bran Black, president Geoff Culbert, and former president Tim Reed.

Tax and debt time bomb will hurt young Aussies, BCA chief warns

Labor and the Coalition are consigning younger generations to a future of higher taxes, ballooning government debt and poorer living standards, Business Council of Australia chief executive Bran Black will warn.

Opposition Leader Peter Dutton and Prime Minister Anthony Albanese are certain to spar over housing and migration in coming months.

No policy and ‘extreme right’ views will cost Dutton: Labor

Government MPs believe the opinion polls will tighten as voters focus on Peter Dutton’s lack of policy and his “extreme right” views.

Bunnings CEO: Price gouging claims ignore lowest-price promise

The chief executive of hardware giant Bunnings, Mike Schneider, says the chain takes its promise to beat any competitor’s price seriously, and critics will not find evidence that it has engaged in price gouging.

Albanese rejects Greens’ demands for a climate trigger

The prime minister has ruled out the minor party’s requests in return for legislative support, even though Tanya Plibersek says she is negotiating.

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World

Amazon

Amazon orders staff back to the office five days

The new rule appears to be the most stringent return-to-office decision among big tech companies and could be a harbinger of more to come.

Rupert Murdoch, centre, and his wife, Elena Zhukova Murdoch, arrive at the Second Judicial District Court in Reno, Nevada, on Monday.

Rupert Murdoch arrives at court for battle over his media empire

The 93-year-old business titan is trying to ensure his eldest son, Lachlan, remains in charge. The hearings are closed to the public and most documents are sealed.

Donald Trump has blamed president Joe Biden and Vice President Kamala Harris for the latest apparent assassination attempt against him

Trump blames Harris’ incendiary ‘lies’ for shooting

The Republican has accused Democrats of inciting political violence, claiming they encouraged the second assassination attempt against him.

US crackdown on cheap Chinese goods adds to Temu, Shein woes

The move threatens to reshape parts of the US retail arena and deflate the excitement that’s accompanied the meteoric ascent of bargain bazaars.

Canada, Mexico target Asian LNG markets while US projects paused

America’s trade pact partners are taking advantage of a White House freeze on new permits to compete on gas exports.

Property

Housing Minister Clare O’Neil.

HAFF tender to build just 700 homes this year

The first allocation from the $10b federal government fund for social and affordable housing gave little detail about how many new homes will be created.

The six-unit block of apartments with scope for a 10-storey building on the same site at 1199 Gold Coast Highway, Palm Beach, sold for $10 million.

The $1.5m sale that shows Gold Coast buildings and people are ageing

Housing stock is being recycled on a key part of Australia’s coastline. But sales that make sense on paper aren’t always easy to achieve.

Boneo Park hosts some of the country’s premier equestrian events.

Rich Listers snap up top equestrian centre for less than $30m

Paul Solomon, stepson of Shopkins billionaire Manny Stul, and his wife Georgia have bought Boneo Park on Victoria’s Mornington Peninsula.

Kamala Harris’ old flat now listed on Airbnb

The current landlord boasts about how the vice president used to own his San Francisco apartment. But he declined to be interviewed, citing privacy.

House price growth to soften as spring swings in favour of buyers

A surge in listings, weaker clearance rates and a slowdown in price growth have swung the market back in favour of buyers, new figures show.

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Wealth

Samantha Dybac and daughter Mischa are navigating the world of pocket money.

Pocket money apps are popular, but are they worth it?

What to know about Spriggy and Kit – and where to look for an even better deal.

Why being disqualified as an SMSF trustee is a big deal

You lose control of your investments and direct ownership of real estate is off the table.

What happens to your super after you die comes down to this choice

Your money can go to your beneficiary either as a regular pension payment or as a lump sum death benefit.

Technology

Schools and universities can benefit from generative AI, but there need to be guardrails.

Should schoolkids use AI? A major report says yes

A parliamentary report recommends widespread adoption of generative AI across all education sectors, except early childcare and education.

ASIC is investigating how boards and directors have responded to cyberattacks following warnings from ASIC chairman Joe Longo.

ASIC pursues board directors over cyber breaches 

ASIC says more investigations are underway, scrutinising how boards and directors have responded to cyberattacks.

Home Affairs and Cyber Minister Tony Burke will unveil new laws at the AFR Cyber Summit on Tuesday.

Business to get cyber ‘safe harbour’ protections

New laws will mean companies cannot be punished based on data they share with authorities while trying to recover from cyberattacks.

Work & Careers

Katherine Bray

‘We clearly have a problem’: Dearth of women on pathway to CEO

Nearly half of the country’s top 300 companies have no women in roles regarded as pathways to becoming a chief executive.

The new corporate ladder is flatter than ever

What are the skills a modern-day executive needs, and if you have aspirations for leadership, how do you go about making it to the top?

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Life & Luxury

Le Labo Corinadre

Heaven scent or mouldy stinker? Exclusive aromas are getting ‘out there’

Le Labo’s new coriander fragrance has been engineered to remind you of Mexico City’s central park. You’ll love it or hate it.

Raised on STEM subjects, this tech leader finally has a use for art

Liz Adeniji’s job is all about hitting benchmarks. She says that locking herself away to sketch helps to improve her mood and clarity of thought.

Emily Edmonds will play Cinderella, which is coming to Opera Australia’s 2025 season at Sydney Opera House after runs in New York and Covent Garden.

Awkward season launch for Opera Australia as musicals muscle in

A record four musicals are programmed for OA’s 2025 season, highlighting tensions between art and commerce that saw artistic director Jo Davies leave in August.

Anna Sawai, winner of the award for outstanding lead actress in a drama series for “Shogun”, and Hiroyuki Sanada, winner of the awards for outstanding lead actor in a drama series, and outstanding drama series for “Shogun”.

Shogun wins best drama Emmy, Hacks shocks in comedy category

A tale of political machinations, Shogun also won acting awards for Hiroyuki Sanada and Anna Sawai, the first Japanese actors to win their categories.

A record field of 25,000 runners started the Sydney Marathon on Sunday.

Here’s what happens to your heart when you run a marathon

When Brimin Misoi broke the Sydney Marathon record on Sunday, his heart would have temporarily swollen by about 15 per cent. Getting too big might be a problem.

From the gallery