Join influential industry leaders as they challenge the status quo.
Ex-Treasury boss warns on budget woes, migration cuts
Martin Parkinson says government budget deficits put pressure on young workers, while migration cuts proposed by conservative parties will further damage the economy.
ASX to fall; JB Hi-Fi posts record sales growth
ASX futures point to 0.4pc drop; Aurizon renews key coal agreement as net profit rises 19pc; A2 Milk flags sluggish half; Lendlease cuts distribution. Follow live.
NAB flags more struggling customers, third-quarter profit rises to $1.83b
NAB said higher interest rates and property tax changes in the May budget “are creating challenges and uncertainties for our customers”.
AI wins landmark Fair Work case for Macquarie academic
A Macquarie Uni computing lecturer with no experience in workplace law marshalled sophisticated AI agents to win a workplace case in what could be a world first.
These investors just made 60pc from Japan’s hidden billions
Sydney-based Jamie Halse and Tsubasa Umezaki are making big money in the forgotten corners of the Japanese sharemarket that are sitting on piles of cash.
Joyce doubles down on Hanson’s calls to relax super rules
One Nation’s Barnaby Joyce pointed to the Shield and First Guardian crisis to justify change; Chalmers kicks off parliamentary week with defence of super. Follow live.
US profit doubles to $1b for BlueScope Steel as takeover fades
The boss of Australia’s largest steelmaker says the strong results show the quality of the assets, which were pursued in a $14.2b bid by SGH and Steel Dynamics.
Shadow directors face $9m bill after phoenixing ruling
The couple that ran a formwork company on major NSW sites were found to have engaged in a scheme to avoid millions of dollars in taxes.
Election will be ‘referendum’ on super, Chalmers says in Hanson stoush
A fresh fight has opened up over the future of superannuation after One Nation Leader Pauline Hanson said the current system is “broken”.
Coles, Woolworths trial facial recognition tech amid retail crime wave
The supermarket giants have both tested using the controversial tools, but say a final decision on rolling them out across the country hasn’t been made.
Susie Cave’s new fashion label, inside Venice’s new ultra-luxury hotel, how the hot divorcee took over your feed and more.
Companies
A2 Milk flags sluggish half as it recovers from China supply issues
The company expects earnings this year to be heavily weighted towards the second half as its business in the Asian nation recovers.
Telstra ties exec pay to AI returns, putting heat on Accenture deal
A little over a year into a $700 million AI deal with Accenture, Telstra has pegged its executive bonuses to delivering returns on AI investment.
Hot hydration brands chase big valuations amid global wellness boom
Australian start-ups Hyro and Sodii are expanding overseas at a time when global consumer giants are spending big to acquire the latest viral product.
Remote tungsten mine’s revival delivers windfall for its lenders
Brighter times are ahead for the Dolphin mine on Tasmania’s King Island – the latest upswing in its turbulent history dating back to 1917.
Tomago demand offers hope for NSW’s stuttering renewables rollout
The smelter’s transition to clean energy could kick-start stalled wind farms, but maybe not quickly enough for the planned closure of coal plants.
How weight-loss drugs are fuelling brewer Kirin’s next boom
Blackmores boss Alastair Symington says the Australian manufacturer will not be affected by Kirin’s push into the North American vitamins market.
Why Wall Street is coming for your home loan
The world’s largest ever sale of home loans showed how much global banks want to exit Australia, but also how keen global private credit is to get in.
SPONSORED
Markets
ASX to slip as Mid-East, RBA loom over market before earnings rush
Futures for the ASX 200 point to a 0.4 per cent dip at the open on Monday ahead of the busiest fortnight of the year for local corporate earnings.
AustralianSuper still wary of Musk’s SpaceX months after listing
Australia’s largest super fund has placed a tentative bet on the latest business venture from the world’s richest man but still appears pessimistic on the stock.
Forget picking the next AI winner – for Australia, it doesn’t matter
The advantage for ASX investors is that our sharemarket is made up of AI users rather than developers.
Gina Rinehart reveals $1.9b SpaceX bet as US market splurge tops $7.5b
The mining magnate has disclosed a multibillion dollar bet on Elon Musk’s space technology company, making it her biggest US holding.
Anthropic’s quarterly revenue surges to more than $16b
The Claude chatbot maker is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same period a year ago.
Opinion
Thicket of red tape challenges Mulino on financial advice reform
Addressing the $1 billion failure of Shield and First Guardian will test the mettle of Assistant Treasurer Daniel Mulino.
Contributor
Don’t blame Coles and Woolies for Big Brother watching us shop
The big supermarkets are considering rolling out facial recognition technology across their store networks. In a perfect world they would not have to.
Editorial
WA iron ore windfall paid for its GST distribution deal
This was not a zero-sum game. Ignore the Commonwealth’s gains and you misjudge both the cost and the fairness of the reforms.
Former prime minister
What happens to the Paris Agreement when Paris no longer cares?
France has spent years as a self-anointed guardian of global norms, not least with Macron prancing about on the world stage. A Le Pen victory could torch that.
Deputy opinion editor
This housing correction is on track to break records
With Australia staring down a record property downturn and hidden bank hybrid risks emerging, staying super liquid is the ultimate defence against the storm.
Columnist
Does Cambridge have Jason Arday’s blood on its hands?
Those who have allowed the reputation of the university to be so grotesquely tainted through the former professor’s unmeritorious appointment and its probable link to his death must pay a serious price.
Historian, journalist, author and political commentator
Politics
Albanese’s AI whisperer set to outline demands of Anthropic, OpenAI
Assistant Technology Minister Andrew Charlton will set out what the government wants from the AI boom and how it is central to Labor’s economic and innovation strategy.
Morrison defends WA’s GST deal as pro-mining
Former prime minister Scott Morrison says a special GST deal for Western Australia encouraged it to develop its mining resources.
Two charts that compare senior and junior bureaucrats pay
Some say senior bureaucrats, who can take home up to $1 million, are paid too much. New data shows their pay is also growing faster than junior public servants.
Coalition promises $50 toll caps if it wins Vic election
The two-year temporary relief for motorists is modelled on a NSW scheme and would cost the Victorian budget $180 million.
PM bets on stability pitch as popularity falters
Anthony Albanese celebrated a significant milestone on Friday, but voters have learnt stability and steadiness don’t preclude poor taste.
World
Switzerland’s super-rich targeted in ‘homejacking’ spree
Private bankers, commodities traders and other wealthy executives are among those allegedly hit by French gangs.
Why Washington’s women problem is getting worse
Karoline Leavitt departs for motherhood. AOC is flamed for freezing her eggs. Both decisions chip away at women’s already meagre share of US political power.
Trump orders Pentagon to scale back joint exercises with South Korea
The US President said that the exercises slated to begin this week were costly and “send a signal that is totally inappropriate and hostile” to North Korea
Was this star Cambridge professor a DEI victim or hounded to death?
The death of Jason Arday, the Cambridge sociologist who resigned his position over plagiarism claims, is being turned into a new front in the culture wars.
Australia ‘natural partner’ to build US weapons, says ex-security tsar
Former US deputy secretary of state Kurt Campbell says Australia should reject a “paternalistic” relationship with the US for something more equal.
Property
Melbourne, Sydney auction markets point to further price falls
Vendors and agents are looking for signs of an upturn in the main east coast residential markets, but the softening continues.
The buyer stretched out this $1.7m sale – and the vendor had to wait
Home sellers dislike conditional deals that “can collapse in a heartbeat”, but in a weak market they may have no choice.
Chinese insurance giant prepares to sell $900m Salesforce Tower stake
Now a well-known landmark in Sydney’s downtown, Salesforce Tower has become a high-profile barometer of the ups and downs of the office market.
Thought our property market was bad? NYC has a troubling new trend
Renters in New York City are now paying brokers thousands of dollars simply to learn which apartments are available, as properties disappear from public view.
How a squat concrete block became Dover Heights’ most desirable home
The owners wanted only to replace the window treatments. Top designer Alexandra Donohoe Church convinced them to spend multiple millions on a top-to-bottom refit.
Wealth
The big risk lurking in 30 years of market data
Exclusive Vanguard analysis shows how without regular rebalancing, balanced portfolios can turn into highly risky gambles.
How this couple turned $750,000 into a carefree retirement
New research shows there are four types of retiree – care-free, content, cautious and concerned. But for the happiest, mindset is more important than money.
Offset account not always the best place to park your next dollar
Most households treat it as the default place for spare cash, but in some cases their money could be working much harder elsewhere.
Technology
Singapore tempts expats with latest AI to stop move to Hong Kong
Close relations with both the United States and China mean the latest AI models are easily accessible in the city-state.
The cut-throat wearables battle is about more than tracking your fitness
Google, Apple, Samsung and upstarts such as Oura are racing to integrate data from their wearable devices into the health care system.
The chipocalypse has changed the way Australians buy phones
The threat of higher prices has forced Australians to upgrade their phones earlier than they used to, new data shows.
Work & Careers
How running replaced raves for this founder
Chief Nutrition co-founder Veronika Larisova talks dodging buffalo in the Serengeti, 5am run clubs and her impressive marathon records.
Carroll accused of factional favours over ‘red union’ bill
Critics say Victorian Premier Ben Carroll is ‘doing the bidding’ of his backers by proposing new laws that would give government the power to approve unions.
Life & Luxury
This $202k hybrid delivers plush comfort over real value
The Lexus LX 700h F-Sport can be applauded for its low-emission ambitions, but a steep price hike and modest fuel savings make it a tough sell over petrol.
Meet the doctors prescribing experimental peptides
Peptides are top of mind for many of the executives and athletes who attend Harrison Weisinger’s exclusive medical practice.
It was once a sales flop. Now, it’s the epitome of luxury motoring
This sleek and sophisticated Mercedes-Maybach wears its heart – or rather its logo – on its sleeve, as well as its bonnet, interiors and wheels.
Pintupi Nine artist who didn’t encounter white people till 1984 dies
Kumantjayi (Walala) Tjapaltjarri’s passing has severed one of the last remaining living links to an Australia before colonisation.
Rich Lister gives his pristine island retreat an upgrade
Along a coastline thick with abandoned resorts, Orpheus Island Lodge is far too busy investing in the future to turn to ruins.
