If your business is turning inspiration into innovation, it’s time to be recognised.
Labor backs gas ‘to 2050 and beyond’
The government has shed its ambivalence towards gas and adopted a strategy that locks in its use for several more decades along with measures to promote carbon capture.
AFR to stop printing in WA after Seven’s ‘abuse of power’
Nine has been forced to pull its print editions of The Australian Financial Review from Perth after Seven West Media demanded double the cost of printing.
Families expected to stash extra cash from tax cuts
Retailers hoping income tax cuts will lift sales of non-essential goods are likely to be disappointed.
- Opinion
- Chanticleer
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
PSC strikes $2b sale to Ardonagh in insurance broker deal
PSC helps arrange cover for everything from cyber-hacks on businesses to accidents and agricultural enterprises.
Whyalla steelworkers cop 30pc pay cut as furnace damage worsens
The major plant, owned by Sanjeev Gupta’s GFG Alliance, has not been producing for months. South Australian officials are seeking an “independent assessment”.
Reddit’s bright first earnings report sends shares soaring
Reddit’s IPO was one of the biggest in the US this year - and its first ever earnings report shows revenue increased 48 per cent.
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Companies
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
Whyalla steelworkers cop 30pc pay cut as furnace damage worsens
The major plant, owned by Sanjeev Gupta’s GFG Alliance, has not been producing for months. South Australian officials are seeking an “independent assessment”.
Origin reaps $420m Octopus gain as Aware Super climbs on board
The UK energy disruptor has upped its valuation by 15pc, in a transaction that brought in Aware and raised the value of Origin’s stake beyond $2 billion.
Seven, WIN turn off ‘loss making’ Ten in Mildura
A joint venture between Seven West Media and WIN will shut down at the end of June, cutting off the aerial signal to Network Ten in parts of regional Victoria.
Atlas Arteria’s ‘back-up plan’ to fight French taxes
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
Westpac says it was stung by decade-long ‘Ponzi scheme’
The major lender is suing a fruit stall at Sydney’s Flemington Markets, alleging it conspired to falsify revenues and invoices to defraud it of $15 million.
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Markets
Some fundies unconvinced the RBA’s done with rate increases
Fortlake Asset Management’s Christian Baylis has joined a small number of economists who expect rates to rise, not fall. He says inflation isn’t under control.
Companies tap offshore money as IPO drought deepens
A dire environment for capital raising is seeing a rise in dual listing activity between Canada and Australia as companies look to raise more money overseas.
Traders trim rate rise bets on patient RBA
The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.
Investors pull money from Wall Street in favour of Asia, Europe
Fund managers are reallocating money away from Wall Street betting that ‘US exceptionalism’ has run its course.
ATO targets crypto traders’ tax affairs, bank details
The Tax Office is ramping up its surveillance of crypto traders, demanding that exchanges hand over details around clients’ ID, wallet addresses and bank accounts.
Opinion
No place for antisemitic incitement on campus
The protests that reduce the complex history of the Middle East to simplistic anti-Zionist slogans hardly align with universities’ founding institutional mission.
Editorial
Albanese’s troubled critical minerals dream
The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?
Columnist
An RBA tightening bias is called for
It’s hard not to interpret the governor’s press conference and the board’s statement as at least a mild tightening bias that will keep the cash rate where it is at least until near the end of 2024.
Editorial
A rate rise was closer than you think
RBA insiders may be making the case for higher rates, as Michele Bullock walks the line between public opinion and the bank’s credibility.
Economist
Australia’s ‘dumb’ luck budget in one extraordinary chart
Treasurers have been extremely lucky to receive big tax revenue windfalls from the China-driven mining boom, but none have been as lucky as Jim Chalmers.
Economics editor
Reforms rather than rate rises
Supply side deregulation to drive productivity is the other half of the policy armoury that should be deployed to help curb inflation and keep employment full.
Columnist
Reports
BOSS Best Places to Work
The awards celebrate the achievements of the best small, medium and large organisations and nine sector winners.
Politics
High Court rejects Crown immunity for sacred sites damage
The custodians of Kakadu National Park have won a test case in the High Court over a walking track at picturesque Gunlom Falls.
Transport costs up 10 per cent nationwide as petrol stokes inflation
The rising cost of diesel in the past three years has put a dent in Jesse Bradley’s removalist business based in Queensland.
The instigator of WA’s GST deal says it is failing
Colin Barnett says there was no need for the prime minister to lift WA’s minimum GST “floor” from 70¢ to 75¢ in the dollar, as is set to occur from July.
Schools sweat on election funding promises as Victorian debt rises
Melbourne’s Hampton Primary School fears the Victorian government won’t follow through on a promise made on eve of the 2022 election.
Pallas vows to prove rating agencies wrong
Treasurer Tim Pallas has fended off warnings Victoria could face a third credit rating downgrade since 2020.
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World
Most FTX customers to get all their money back after catastrophic collapse
The collapsed cryptocurrency exchange says it will be able to pay off most of its investors - but the soaring price of bitcoin means they still lose.
US reveals weapons shipment to Israel halted
The United States withheld 3500 bombs last week out of concern that they might be used in a major assault against the southern Gaza city, officials said.
Reddit’s bright first earnings report sends shares soaring
Reddit’s IPO was one of the biggest in the US this year - and its first ever earnings report shows revenue increased 48 per cent.
White House piles ceasefire pressure on Netanyahu as tanks roll into Rafah
White House national security spokesman John Kirby urged negotiators to come to an agreement after Israel launched a “limited” assault on Rafah, in the south of Gaza.
TikTok sues over US ban in battle for survival
The lawsuit from the social media platform and its parent company, ByteDance, claims US legislation banning the app would breach free speech rights.
Property
Goodman’s data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
Government’s $91m tradie plan only ‘modest’ boost for home building
Australia’s target of 1.2 million new homes is a crisis of surging demand and a construction workforce facing its own demographic challenges.
Dutch pension fund giant puts $700m into Sydney build-to-rent start-up
Apt.Residential has won the backing of PGGM, which has committed $700m to the rollout of 2500 apartments.
Why $800,000 homes are in hot demand
Competitive pressure is building up in this segment of the market as investors and first-home buyers return in droves.
- Exclusive
- Luxury property
Cotton On CFO lists Melbourne mansion with a contemporary twist
Cotton On CFO Michael Hardwick and his wife Diana have put their Melbourne mansion on the market guiding up to $13.75m after a major renovation.
Wealth
Coalition to oppose ‘sophisticated investor’ test overhaul
Labor is grappling with backlash from the start-up sector over calls to limit access to venture capital to investors worth more than $4.5 million.
We have $700,000 in super – can we buy investment property with it?
If you want to add a geared investment property to your retirement savings, here’s what you must think about.
How do I avoid a messy, hostile divorce?
Don’t hire a bulldog lawyer and or make any sudden moves with your finances, lawyers say.
Technology
Ex CSIRO boss would pick different ‘winners’ in $1b quantum push
Larry Marshall, former CEO of CSIRO, says taxpayer money should be targeted at points in the quantum computing supply chain, not the finished product.
- Exclusive
- Executive shake-up
New Uber bosses to see through gig economy transition
There will be new heads of both Uber and Uber Eats in Australia, ahead of gig economy rules that threaten to significantly raise its cost of doing business.
- Opinion
- Digital Life
Will Apple’s new iPad Pro finally replace your laptop?
Apple says its new M4 iPad Pros will have better AI, better performance and better battery life than laptops. But don’t throw away your laptop just yet.
Work & Careers
Melbourne shuns office return, Sydney coaxed by redundancy fears
New figures also show Canberra has the second-lowest office attendance rates as public service workers do not face the same scrutiny as Sydney’s private sector.
- Exclusive
- Workplace culture
Just one gesture stopped Anthony worrying about his disability at work
Employers often assume that employing people with a disability is costly. New research suggests that’s not true.
Life & Luxury
Brack bolts, Whiteley sinks on a tough night for art sales
A John Brack with a fabulous backstory was a rare highlight at Bonhams, as Leonard Joel wheels out the big contemporary names for its Centum sale.
Doctors say this popular hangover cure is bunkum
Some people swear that vigorous exercise is the best way to beat a hangover, but is there any science to prove it?
Adelaide’s best restaurants for a business lunch
Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.
Perth’s best restaurants for a business lunch
Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.
Are ultraprocessed foods unfairly vilified?
Many scientists suspect manufactured foods are causing a range of health issues, but there is a lack of rigorous research to prove it.
From the gallery
BOSS Financial Review
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Flexibility the new quid pro quo in the workplace
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Whole-of-portfolio approach to investing brings collaboration to the fore
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Australia’s renewables push creating demand for wide-ranging jobs, new skills
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