- Opinion
- Chanticleer
Bonza mess stretches from English soccer club to the US pension system
The tiny regional airline is stuck in the middle of a fight that stretches from Liverpool to Miami to Bermuda and New York. There will be no easy way out.
- Breaking
- Aviation
Bonza in voluntary administration after flight chaos
Passengers have been left stranded across the country as the discount airline weighs “the ongoing viability of the business”.
Investors trim rate rise bets as retail sales growth hits 2½-year low
Annual growth in retail sales has fallen to its lowest level since the pandemic as cash-strapped households tighten their belts.
- Live
- Markets Live
ASX inches up; Worley tumbles, $A slips
Shares firm; retail sales disappoint; $A slips; Sidara sale sinks Worley; BHP confirms $38b settlement; Origin gas revenue falls; Coles sales up. Follow updates here.
Private equity vs billionaires: Fight for Ten owner claims first scalp
Bob Bakish has stepped down as CEO of Paramount Global, the owner of Network Ten. With an ownership battle raging abroad, its Australian managers must watch on.
- Live
- Need to Know
Quantum investment will bring Australian entrepreneurs home: Albanese
WATCH LIVE: Anthony Albanese speaks in Brisbane; Triple zero access to be strengthened after Optus outage; Houthis attack four ships in Indian Ocean, Red Sea. Follow updates here.
Albanese tries to shift blame on alleged attack by freed detainee
Labor is under fresh pressure over its management of immigration detainees set free by the High Court after the alleged bashing of a Perth grandmother.
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tuesday tech
Labor’s bold $1b bet on Aussie quantum start-up
Australia will invest $940 million in Silicon Valley start-up PsiQuantum in a major bet that it will build the world’s first commercially useful quantum computer.
- Exclusive
- Start-ups
Aussie tech pushes into China, Taiwan despite geopolitical risks
Canva co-founder Cliff Obrecht has warned start-ups China should not be their first market but says it has massive rewards for companies that can make it there.
- Opinion
- Quantum Computing
A bold quantum leap to cross the ‘valley of death’
Historically, Australia sprints out ahead of the global pack during the research phase, but fails to commercialise innovations. That’s why the utility-scale quantum computer announcement represents such refreshing bet, writes Amit Singh.
- Exclusive
- Electric vehicles
Controversial SPAC listing hobbled Tritium
The charging company’s leaders were preparing for a potential collapse before Christmas as it failed to get state government cash.
- Exclusive
- Venture capital
VCs are banking on Canva staff cash, but they’re buying houses instead
While most staff say they plan to put the money towards real estate, an investing program just for Canva staff already has the interest of more than 100 people.
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Companies
Coles shelf price inflation softens, liquor sales fall
Supermarkets price inflation reduced to 2.2 per cent in the third quarter due to deflation in fresh produce, meat and bakery goods.
Bapcor CEO-elect quits two days before taking job
Paul Dumbrell has pulled out of taking the top job as investors brace for a profit downgrade and one of the founders lashes out at the board.
BHP’s rivals for Anglo American set to emerge
The UK-listed miner has rejected an approach from BHP, but other major miners including Rio Tinto could announce a competing bid.
KPMG increases working capital borrowings by almost $300m
KPMG increased its borrowings by almost $300 million over the past two financial years but booked revenue growth of more than $500 million.
Firstmac hacked in latest financial outfit cyberattack
Financing outfit Firstmac has warned customers that tax file numbers, and dates of birth, have been stolen.
ASIC sues Magnis Energy over ‘parlous’ battery factory
The regulator is suing Magnis Energy and chairman Frank Poullas in Federal Court for misleading investors over the “parlous state” of its battery factory.
Origin LNG revenue drops 8pc in March quarter
Lower global prices for oil and gas dragged down LNG revenue at the energy giant to $2.6 billion.
Companies in the News
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Markets
Why now is the time for Aussies to book a flight to Tokyo
The Australian dollar hit a near-decade high against its Japanese counterpart. But history shows such gains could quickly reverse.
RBA’s next move will still be a rate cut, say investors
Market pundits argue that interest rates are still going down, not up, because inflation is declining, albeit at a slower pace than many had expected.
What happened overnight? Wall Street picked up with Fed in focus
Australian shares were set to open flat after US stocks rose as traders looked ahead to the US Federal Reserve’s rates decision meeting this week.
Stocks trade for 390 minutes a day. But only the final 10 might matter
Assets in passive equity funds have surged to more than $US11.5 trillion in the US alone - pushing more of trading to the closing minutes of the equities session.
Perpetual inches closer to KKR deal
The wealth manager is one step closer to breaking up the business after it confirmed talks with KKR that would leave Perpetual solely with asset management.
Opinion
Labor green lights toxic bully-boys of the CFMEU
The political protection racket the modern ALP is running for the toxic behaviour of the CFMEU, which would be condemned in any other setting, is disgraceful.
Editorial
Are we about to witness a rerun of the Asian financial crisis?
Investors are becoming increasingly alarmed as the buoyant US economy and high US interest rates risk triggering renewed instability throughout the Asian region, writes Karen Maley.
Columnist
Magic debt thinking collides with inflation and higher rates
Since the GFC, economists have suggested that using debt to finance government spending is a free lunch. But the tide has turned in the past two years.
Columnist
Battered from all sides, China needs new solutions
Mindful of the inspiration deficit that ultimately brought the East Asian growth miracle crashing down, Chinese policymakers must seize the moment.
Asia watcher
Albanese confronts domestic violence crisis
Women are angry, and the prime minister is dodging criticism even as he calls an emergency meeting of national cabinet on domestic violence.
Columnist
A bold quantum leap to cross the ‘valley of death’
Historically, Australia sprints out ahead of the global pack during the research phase, but fail to commercialise innovations. That’s why the utility-scale quantum computer announced by the prime minister represents such refreshing bet.
Strategy consultant
Politics
Rein in states’ spending to help RBA, Chalmers told
Governments are on track to loosen their budgets by $50 billion in the middle of an inflation crisis and rising interest rates.
Government baulks at hard caps on foreign student numbers
The Albanese government is shying away from a Canadian-style hard cap on foreign student numbers and will opt for more nuanced measures to control migration.
- Exclusive
- CFMEU
Police called to ‘keep the peace’ in CFMEU showdown
A stand-off between a crowd of CFMEU representatives and security guards at a Queensland project allegedly involved unionists jumping fences to get on to site.
Budget spending cuts must ‘take heat off’ interest rates
To limit the RBA’s interest rate rises, tens of billions of dollars in federal and state government expenditure must be unwound, economists say.
Union push for 9pc gender-based pay rise risks inflation: employers
Employers have lashed a landmark union push to apply gender pay principles to this year’s minimum wage increase.
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World
‘Maybe this time it will work’: Israel softens stance on Gaza deal
Benjamin Netanyahu’s government has accepted the latest proposal from mediators that increases the chance of a deal with Hamas.
Solomon Islands PM steps down after elections
Prime Minister Manasseh Sogavare formed close ties with China during his terms in power and said he had been vilified for it.
EU would need 50pc tariffs to curb imports of Chinese EV
Researchers at the Rhodium Group say any punitive action arising from a blockbuster anti-subsidy investigation is likely to be too timid to deter Chinese car makers.
Scotland leader quits after coalition power play backfires
Scottish First Minister Humza Yousaf had pulled out of coalition with the Greens - a move that has triggered political chaos.
China set to launch high-stakes mission to moon’s ‘hidden’ side
China has made leaps forward in its lunar exploration, narrowing the technological chasm with the United States and Russia.
Property
Lendlease needs ‘wholesale change’ now: Allan Gray boss
Allan Gray boss Simon Mawhinney says change that would restore shareholder confidence in the property developer should come immediately.
Stockland says interest rates key to further market improvement
The country’s largest listed diversified developer said sales picked up in the March quarter, but lower borrowing costs were needed for the housing market to pick up.
Property investors spooked by renewed talk of rates rise
Having recently returned to the housing market in droves – outpacing owner-occupiers – investors could face a potential slowdown in capital gains.
- Exclusive
- Industrial
Batteries to power up warehouse pipeline as big as 40 MCGs
Dexus’ program to install batteries in all its new warehouses will cut its tenants’ energy bills by almost $100,000 a year and reduce their carbon emissions.
Real estate agent doubles his money by selling own apartment for $6.5m
There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.
Wealth
I lost $2.5m of my super to scammers
Five victims outline how their funds were taken by sophisticated impersonation fraudsters and why they feel abandoned by their banks.
Why it’s worth selling your investment property before you retire
Making the most of higher superannuation caps can boost your retirement coffers just when you need it the most.
Why more Australians are choosing semi-retirement
Fusing the parts of work you still enjoy with hobbies, travel and passion projects is the dream for many. Here’s how to make a go of it
Technology
- Opinion
- Digital Life
You’ll forget you’re even wearing these earbuds
The OpenFit earbuds by Shokz might not look the best, but they certainly feel the best of any earbuds we’ve ever reviewed.
Snapchat going backwards in Australia
Elon Musk’s takeover crushed Twitter, but Snap is still a fraction of the size of the dominant Meta-Google online advertising machine.
The Meta-morphosis of Mark Zuckerberg
The robotic nerd depicted in The Social Network has turned into the kinder, more accessible face of Silicon Valley. What’s going on?
Work & Careers
This Aussie lawyer made one mistake living in Moscow and it haunts her
Bella Ward moved to Russia to work just before the GFC hit and ended up doing 18-hour days, often sleeping under her desk. But that’s not what haunts her.
Pro-Palestinian protesters are peaceful here, say university bosses
A series of encampments are popping up on campuses as students take up the pro-Palestinian cause. But it’s very different from what’s happening in the US.
Life & Luxury
Spotify’s CEO launches body scans to prolong life
The company that billionaire Daniel Ek founded, Neko Health, opened in Stockholm last year, and it is about to open in London.
The best Mother’s Day gadget gifts – ranked by price
How much do I love you? Let me count the dollars. This year’s guide doubles as a handy reckoner, revealing how you feel about the matriarch in your life.
- Opinion
- Trump's America
Why Donald Trump is a style icon
With his dowdy, oversized navy suits and MAGA red caps, the former president’s personal brand is a crucial part of his accessible appeal.
Why women stop telling lies when they get older
Cosmetic surgery, diet drugs, bad parenting… Some things are better left unsaid – until it’s too late to matter any more.
‘It was sheer madness’: how Alla Wolf-Tasker created the Lake House
Forty years ago, ‘local produce amounted to someone leaving a sack of potatoes on the back porch’, says the destination restaurant’s co-founder.
