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    BHP’s Ken Henry is eager to engage with Duncan Wanblad, but his Anglo American counterpart is keeping his own counsel.

    Inside Anglo American’s rushed break-up plan

    Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.

    Premium properties are being hotly contested in Sydney’s inner west.

    Glebe bungalow leapfrogs guide by $1.2m as clearance rates soften

    While competition for premium properties remains strong, on-the-fence buyers are stepping back as hopes of a looming rate cut fade.

    Nvidia co-founder and CEO Jensen Huang.

    ASX eyes record high as rate cut hopes fuel euphoria for shares

    Australian shares are set to advance after the Dow Jones crossed the historic 40,000 level on Friday with Nvidia’s earnings this week destined to test the rally.

    Why a rubbish collector is the ASX’s most vulnerable big company

    Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.

    One in, one out: Dutton plan ‘risks $48b foreign student industry’

    Peter Dutton’s promise to reduce temporary migration to 160,000 people would smash the country’s fourth-largest export sector, experts say.

    Mall war: Kevin Seymour accuses Dexus of anticompetitive conduct

    The Rich Lister is accusing Dexus of acting anti-competitively for blocking his proposed Brisbane precinct to protect its own retail asset down the road.

    Chalmers and Dutton put their economic credibility on the line

    Chalmers has made a big, bold gamble on inflation, while Dutton’s rhetoric is bigger than the reality on immigration.

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    smart investor

    The erosive effects of inflation on retirees’ purchasing power is significant, says Integro Private Wealth director Tim Sullivan

    Higher living costs are eating into super. Here’s what to do

    Retirees are vulnerable to inflation because higher living costs eat into carefully calibrated savings plans that do not benefit from the injection of regular wages. Here’s what to do.

    Jonty Taylor hasn’t even graduated, but he’s already got a plan to pay off his student debt.

    ‘Window of opportunity’ for graduates to score debt reprieve

    An accounting quirk means some graduates can escape the brunt of indexation, but only if they act fast.

    Dylan Jones

    Super for housing could only work for the fastest movers: experts

    First home buyers struggling to save a deposit might welcome the Coalition’s promise to let borrowers tap their super for property, but economists say it will only push up house prices.

    Labor’s ‘double taxation’ in super may not be as steep as you think

    A 30 per cent tax rate is unlikely to ever apply to the entirety of annual earnings for people with balances above $3 million.

    ‘Don’t waste it’: Smart ways to spend your income tax cut

    Some workers will have an extra $350 a month from July 1. Don’t waste this “powerful” opportunity, experts say.

    weekend reads

    Albanese and Dutton fight on the home front for voters

    With the countdown now on to the election, both sides used budget week to stake out their territory on the hot-button housing issue. But it’s already a crowded policy space, and there are no quick fixes.

    Dutton’s housing fix ‘will worsen supply’

    One of Australia’s biggest property developers says slashing permanent migration as a way to fix acute housing shortages will only exacerbate the problem.

    Former US president Donald Trump considers Mar-a-Lago his safe space.

    Inside the weird, deluded world of Donald Trump’s Mar-a-Lago

    The former president exists in a parallel universe inside the walls of his beloved Florida estate.

    ‘We don’t know the truth’, says senior CIA officer

    Beth Sanner was Donald Trump’s daily intelligence briefer for two years. Few people know the boundaries between secrecy and democracy so well.

    The number that sums up Biden’s biggest economic problem

    While price rises have cooled from more than 9 per cent to 3.4 per cent, household budgets have not recovered since Biden took office.

    Features include the ability to save articles, dark mode and real time notifications.

    Get the latest business news on the go with the AFR’s new iOS app.

    Find out more

    Companies

    The scene of the Rio Tinto train crash and derailment last week.

    Rio makes safety change after double-impact derailment

    Iron ore giant Rio Tinto reopened the rail line damaged in a train crash as the Mining and Energy Union seeks to highlight a pattern of alleged safety failures.

    On Hamilton, a family dynasty bets there’s more money in islands

    After showing potential buyers around last year, Sandy Oatley and his family are instead developing a new resort as they double down on the island.

    AUSTRAC identified potential serious compliance concerns at SkyCity Adelaide.

    SkyCity agrees to $67m penalty as licence decision looms

    The case was based on allegations the company allowed high-risk patrons to gamble more than $4 billion in dirty cash through its casino.

    Westpac brings back time sheets for salaried staff up to $140k

    Time recording for high-earners is becoming the new norm in the finance sector as firms guard against underpayments from excessive overtime. But some white-collar workers “hate it”.

    Transurban says drivers could pay more under NSW reforms

    NSW’s proposed toll road reforms would hit some drivers with higher fares, create traffic congestion and would not necessarily be fairer, Transurban has claimed.

    Lendlease sells down Asia venture amid campaign for overhaul

    The $147 million sale of a stake in its life sciences business comes as activist investors demand the property giant pulls back from overseas markets.

    Traders finger ‘pre-hedging’ in ANZ bond probe

    Fixed income traders say pre-hedging is “a grey area” riddled with inherent conflicts of interest. ASIC has already targeted Westpac over the practice in swap markets.

    Companies in the News

    Search companies

    View stories and data from an ASX listed company

    Markets

    Wall Street.

    S&P 500 hovers near record high

    US equities gave up early gains to close mostly modestly higher. Copper, nickel and silver surge. Gold, oil also rally. $A touches US67¢.

    Alex Pollak, CIO at Loftus Peak.

    Nvidia bulls are selling – here’s what one fundie is buying instead

    The AI market darling is reporting earnings next week, following a jaw-dropping share price run in the last 18 months.

    “The price of a pair of tennis shoes is what it was 20 years ago. If you go to a tennis match, it’s double what it used to be,” Rieder said, pointing to services inflation.

    BlackRock’s Rieder says rate cut would tame US inflation

    High interest rates are generating more income from fixed-income investments for well-heeled Americans, the firm’s chief investment officer says.

    Millennium, Point72 and Elliott are among bitcoin ETF buyers

    No matter the reason, and there could be several, Wall Street is clearly dipping its toes into the world’s largest digital asset.

    Mortgage relief in sight after traders scrap rate rise bets

    A surprise pickup in the unemployment rate has bolstered bets that the next move from the Reserve Bank may be lower. Cooling US inflation data overnight also helped, sending the Aussie dollar to a four-month high.

    Opinion

    Budget kicks off a populist election season

    The housing crisis demonstrates how both major parties insist there are easy answers where none exist.

    The AFR View

    Editorial

    The AFR View

    Fear and crisis fatigue are holding back productivity

    Our uncertain world is generating collective caution. This leaves economies experiencing too little change and bearing too little risk.

    Andy Haldane

    Contributor

    The US-China trade war has helped polarise ASEAN

    Regardless of their alignment or dependence on one side or the other, South-East Asian states need to stay focused on their common regional interests.

    Joseph C. Liow

    Contributor

    The Coalition swings back to the immigration playbook

    The irony is that Peter Dutton of all people should understand how complicated migration numbers really are.

    Laura Tingle

    Columnist

    Laura Tingle

    Keeping Eraring open is about engineering not morality

    The imminent decision around when to close Australia’s biggest coal-fired power station is a watershed moment between an ideological approach to climate change and the laws of physics.

    Matthew Warren

    Energy expert

    Matthew Warren

    Trump shows the cost of pettiness among the powerful

    Donald Trump’s vendetta against wind turbines is not unusual among plutocrats and tech lords who believe they should have more say.

    Paul Krugman

    Contributor

    Paul Krugman

    Reports

    BOSS Best Places to Work

    The awards celebrate the achievements of the best small, medium and large organisations and nine sector winners.

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    Politics

    Peter Dutton’s migration and housing changes explained

    The opposition leader says his changes to permanent migration and housing laws will help Australians by “restoring the dream of home ownership”. Will the changes be effective?

    Dutton’s housing fix ‘will worsen supply’

    One of Australia’s biggest property developers says slashing permanent migration as a way to fix acute housing shortages will only exacerbate the problem.

    Protesters blocking the entrance to the ALP state conference.

    ‘I’m disgusted’: premier blasts pro-Palestine activists

    Pro-Palestine protesters have stormed a Labor state conference in Melbourne amid heightened tensions over the Israel-Hamas war.

    RBA considers selling HQ as renovation blows out to $1.1b

    The blowout, caused by large amounts of asbestos, makes the redevelopment of the RBA building one of the nation’s most expensive non-defence public works.

    Labor’s green superpower plan will need a new public service

    Expertise in green hydrogen, photonic quantum physics, large-scale lithium batteries and next-generation mineralogy are not skills you typically see on Canberra CVs.

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    World

    Donald Trump speaks during the Leadership Forum at the National Rifle Association annual convention in Dallas.

    Trump pledges to be gun owners’ most ardent ally

    The former president accepted the endorsement of the National Rifle Association, claiming that the right to bear arms was “under siege” by the Biden administration.

    Benjamin Netanyahu (left) and  Benny Gantz at the swearing-in of the war cabinet in October last year.

    Gantz tells Netanyahu: come up with a war plan in three weeks

    A popular centrist member of Israel’s three-member war cabinet threatens to resign if the government doesn’t adopt a new plan in three weeks for war in Gaza.

    From left, Itzik Gelernter, Shani Louk and Amit Buskila. The Israeli military says its troops in Gaza found the bodies of the three Israeli hostages killed by Hamas during its October 7.

    Israel recovers bodies of hostages amid fierce fighting in Gaza

    The Israeli military says it has retrieved the bodies of three Israeli hostages from Gaza including Shani Louk, the 23-year-old German Israeli, who was pronounced dead last year.

    China unveils dramatic steps to rescue property market

    China announced a slate of measures aimed at reinvigorating its ailing property industry and stabilising growth in the world’s second-largest economy.

    No more buzz – hydrogen is finally trying to get real

    At the World Hydrogen Summit this year, vaulting ambition began giving way to pragmatism and a paring back of priorities.

    Property

    Mutton Hole and Oakland Park (pictured) have a carrying capacity of 17,000 cattle

    Rural Funds, SA winemakers list $80m of cattle stations

    Rural Funds is selling two cattle properties in Queensland’s Gulf of Carpentaria, while the SA-based DiGiorgio family is selling Aroona Station in the NT.

    he Gundary Aggregation is being sold by David and Kerry Fife.

    Wagga sheep farm of Fraser-era minister Wal Fife listed for $30m

    The 2000 hectares Gundary was owned by the late politician until his death in 2017. Mr Fife served in the NSW and federal parliaments for over 35 years.

    Adam Flaskas to sell luxury Brisbane ‘sky home’ before Manly move

    The developer and his fiancee have put their five-bedroom penthouse on the market ahead of a southern relocation.

    Why Aesop is putting algae on its shopfronts

    The upcoming Melbourne Design Week reveals ideas already in use that could change our world. But getting them to scale is no simple task.

    Tradies are the thing we need most: Developers to Dutton

    Developers warned that cutting immigration would not only slow home building, but have ramifications for the entire Australian economy.

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    Wealth

    How this Millennial plans to retire at 35

    Saving hard and opting out of the consumer lifestyle has helped these people retire decades before their parents did.

    The $150b club: Record number of super rich

    The combined net worth of the world’s super-rich club is up 13 per cent this year to $3.3 trillion, according to the Bloomberg Billionaires Index.

    ‘Window of opportunity’ for graduates to score debt reprieve

    An accounting quirk means some graduates can escape the brunt of indexation, but only if they act fast.

    Technology

    Rick Baker, co-founding partner at Blackbird Ventures, laid out his issues with media coverage of the tech sector.

    Growing pains: Tougher times put VC on a collision course with media

    From rumblings of a boycott to senior technology investors complaining, Australia’s start-up and media industries aren’t as close as they used to be.

    • Analysis
    • AI
    The Google AI logo is being displayed on a smartphone with Gemini in the background in this photo illustration, taken in Brussels, Belgium, on February 8, 2024.

    Google search is becoming Google answers. That is bad news for media

    In a world where AI can browse the internet and paraphrase what it sees, users may find they never click on links again. That could be a big problem for publishers.

    Online music platform Melodie banks $1m funding

    The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.

    Work & Careers

    The Alfama neighbourhood in downtown Lisbon. Portugal is among the countries offering digital nomad visas.

    Countries wooing corporate digital nomads hope to make them stay

    More countries have introduced a form of digital nomad visa since the pandemic increased demand from employees to “work from anywhere”.

    Company has rare win over work bans that jacked up its power bill

    Agribusiness giant Manildra has won orders to stop Endeavour Energy workers’ long-running industrial action after arguing it would cost millions of dollars in extra electricity costs.

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    Life & Luxury

    Beth Sanner: “If you … start influencing policy more than informing it, then it’s a slippery slope.”

    ‘We don’t know the truth’, says senior CIA officer

    Beth Sanner was Donald Trump’s daily intelligence briefer for two years. Few people know the boundaries between secrecy and democracy so well.

    Xander Schauffele hits from the fairway on the eighth hole during the first round of the PGA Championship.

    Sizzling Schauffele grabs early PGA Championship lead

    Not even the two hottest golfers on the planet, world number one Scottie Scheffler and number two Rory McIlroy, could muster a challenge to Xander Schauffele.

    Think you know this week’s news? Answer these 10 questions

    Have you been paying attention this week? Test your knowledge across politics, business and world news.

    This week’s lovely luxuries: chi-chi coffee to divine dog blankets

    Plenty to savour here, from stylish kitchen essentials to gifts for friends – furry ones included.

    The trial paid an average of £128 to participants.

    Men paid $760 to lose weight in ‘Game of Stones’ health scheme

    A trial of a dieting program in which participants potentially lose money has been so successful that it will be rolled out nationally.

    From the gallery