Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement
    AUDUSD0.6695
    -0.0005 (-0.07%)-0.07%
    SPI 2007,882.00
    -6.00 (-0.08%)-0.08%
    S&P/ASX 2007,863.70
    49.30 (0.63%)0.63%
    All Ords8,132.10
    49.80 (0.62%)0.62%
    NZX 504,462.08
    13.65 (0.31%)0.31%
    Hang Seng19,602.35
    48.74 (0.25%)0.25%
    Nikkei39,069.68
    282.30 (0.73%)0.73%
    View all
    Former Star Entertainment boss Robbie Cooke.

    Ex-Star CEO accuses board of being involved in regulator stoush

    The barrister representing Robbie Cooke has told an inquiry the company’s directors “cannot escape” they were part of the rift with the NSW casino authorities.

    Iranian President Ebrahim Raisi in Ankara in January.

    Iran’s hardline president dies in helicopter crash

    Officials have confirmed the deaths of President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian in a helicopter crash, state media reported.

    Burson is a big brand which sells car parts to mechanics workshops. Parent company Bapcor is temporarily shutting three big distribution centres for two weeks in late June to prevent an inventory blowout.

    Bapcor shuts big warehouses for two weeks to stop inventory blowout

    The owner of Autobarn, Burson and Autopro has told car parts suppliers it won’t be taking any deliveries in late June at three large distribution centres in Victoria, Queensland and WA.

    Voters like gas better than wind power but solar is still king

    A slide in support for wind farms has allowed gas to become entrenched as the nation’s preferred energy source after solar, an AFR/Freshwater Strategy poll has found.

    Why wily Netanyahu will escape new crisis

    Two members of Israel’s war cabinet have warned the prime minister to change course on the war in Gaza, but he is unlikely to flinch.

    Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes

    Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.

    Aussie investors snag Hong Kong bargains as share prices surge

    Fund managers see opportunities, with Chinese authorities promising measures to stop a long-term outflow of money from one of Asia’s biggest sharemarkets.

    Advertisement

    MONDAY MEDIA

    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.

    Across print and digital, the Financial Review had 3.5 million readers in March.

    Financial Review print and digital readership jumps

    The Australian Financial Review has grown its print and digital readership for the year, while its News Corp rival The Australian went backwards.

    The duo have signed a $200 million deal to stay on the air together for another 10 years.

    ARN Media’s M&A record holds out for elusive win

    After seven months, the dream of an ARN-Southern Cross combination fell apart. But if history is any guide, M&A has been a source of unease for ARN investors.

    • Analysis
    • AI

    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.

    The researchers influencing billions in global marketing

    The Ehrenberg-Bass Institute is sponsored by The Coca-Cola Company, McDonald’s, Mars, Nestlé and PepsiCo. Its findings guide global business decisions.

    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

    Iron ore train drivers have reached agreement with BHP after a lengthy dispute.

    BHP averts Pilbara industrial action as train drivers agree to deal

    The company’s iron ore train drivers will receive $40,000 in bonus payments under a new workplace agreement that ends a decade of tensions.

    Star’s Sydney casino in Pyrmont is in the spotlight as Adam Bell, SC, considers whether the company should be given its gaming licence back.

    Star shares surge after casino confirms Hard Rock interest

    The company has “received inbound interest” from several parties even as it faces the loss of its lucrative Sydney gaming licence.

    Farmers sold off livestock in a rush on the BOM forecast of an El Nino event.

    Elders plunges to worst result in 10 years on wayward BOM forecast

    Farmers sold livestock and cut orders for farm chemicals based on the weather bureau’s prediction of an El Nino hot and dry period, which did not eventuate.

    Results at Nuix under Jonathan Rubinsztein are improving, the company told the market.

    Nuix shares jump after smashing guidance

    The company is primed to beat its full-year forecast for fiscal 2024 after signing a multi-year contract with an undisclosed software customer.

    Hard Rock Cafe pitches Star rescue plan

    The Florida entertainment giant is considering taking control of Star Entertainment with a proposal that would inject more capital into the struggling gaming group.

    Doctors owed millions in collapse of service provider

    The Melbourne-headquartered eReports allegedly failed to disclose $7.2 million owed to more than 400 specialists before calling in administrators.

    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.

    Companies in the News

    Search companies

    View stories and data from an ASX listed company

    Markets

    Copper prices have surged more than 25 per cent on the London Metal Exchange this year.

    Panicked traders position for mega-rally as metal prices hit record

    Copper and gold prices surged to record highs on Monday morning as bullish investors piled in and bears were forced to cover short positions.

    The ASX is set to start the week on a positive note as commodities surge higher.

    ASX record within striking distance as miners, energy stocks rally

    Australian shares move within 35 points of record close. China leaves rates on hold. Copper and gold at record highs. Follow updates here.

    Rising bond yields have weighed on Wall Street’s loss-making stocks this year.

    Loss-making companies are surging on the ASX, baffling analysts

    Goldman Sachs is perplexed about the surge in unprofitable stocks, and says there are safer alternatives like retailers Lovisa and Cettire.

    Australian investors snag Hong Kong bargains as share prices surge

    Fund managers see opportunities, with Chinese authorities promising measures to stop a long-term outflow of money from one of Asia’s biggest sharemarkets.

    John Hempton laments return of meme machine Roaring Kitty

    Before being hit by last week’s meme-stock rally triggered by an online stock promoter, Sydney hedge fund manager John Hempton was having a great year.

    Opinion

    Why WA loves the critical minerals budget boost

    Peter Dutton’s refusal to endorse Labor’s plan for production tax credits for critical minerals processing and green hydrogen won’t make him popular in must-win seats in Western Australia.

    Budget and reply add up to a bad week for Australian prosperity

    Both major parties are failing to meaningfully engage with the centrist growth agenda of incentive-sharpening policy reform and mostly disciplined macro policy that provided the foundation for Australia’s three decades of prosperity.

    The AFR View

    Editorial

    The AFR View

    Penny Wong must speak up on New Caledonia

    It’s time for Australia’s foreign minister to act as the honest friend and tell France that they are mishandling their Pacific territory.

    Hamish McDonald

    Commentator

    Hamish McDonald

    How Australia can rebuild its buffers against trouble

    The nation can weather financial shocks if it puts something aside in the good years. But we are not doing so.

    Punters are not convinced by Labor’s budget

    The budget had two main political aims: to help further with the cost of living; and, in doing so, buy a pre-election interest rate cut. The punters are not convinced it will achieve either, polling finds.

    Phillip Coorey

    Political editor

    Phillip Coorey

    Dutton’s migrant crackdown treats economy with disdain

    In the populist pitch to bring down house prices, there is little recognition of the role of migrants in filling acute skills shortages across the economy.

    Jessica Gardner

    Deputy editor - News

    Jessica Gardner

    Reports

    The future of financial advice

    This special report looks at options to make financial advice more accessible and affordable, including robo-advice.

    Sponsored

      by CommBank
    Advertisement

    Politics

    Iran’s President Ebrahim Raisi.

    Iranian President Ebrahim Raisi is dead, says Iranian official

    Official said helicopter was ‘completely burned’; Liberals call for Diddy ban; Dutton accused of having ‘a vibe’, not policies. Here’s how the day unfolded.

    WA Premier Roger Cook.

    Cook says magnetite will make WA the ‘California of Australia’

    WA’s future in resources wasn’t just linked to battery minerals, but also to a different variety of iron ore largely overlooked by our mining industry: magnetite.

    Anthony Albanese’s rating a preferred prime minister fell 2 points to 45 per cent while Peter Dutton’s was up a point to 39 per cent.

    Underwhelmed voters fear budget will lift rates

    Almost 40 per cent of voters think last week’s big-spending federal budget increases the chances of another interest rate rise, and just one quarter believe they will be better off, the latest poll shows.

    Failure to rein in uni bosses led to problems of ‘excess’

    Peter Coaldrake has been deeply involved in the university sector for five decades, the past four years as head regulator. And he is troubled by what is going on.

    Meet the former Deloitte consultant taking on Allegra Spender

    “There’s no doubt it is going to be a challenge,” says Roanne Knox. It’s a sentiment echoed by party insiders who think Wentworth will be the most difficult of all teal seats to win back.

    SPONSORED

    World

    Iranians walk past a mural of the late Ayatollah Khomeini at an anti-Israel gathering in Tehran on Friday.

    ‘Iran is broke’: How clerics crippled the Islamic Republic

    Behind all of Iran’s posturing, there seems to be a backstop. The country cannot afford all-out war because its economy is on its knees.

    Iranian President Ebrahim Raisi visits the Azerbaijan border, just hours before a helicopter in which he was a passenger crashed.

    Raisi’s death deals blow to Iranian regime’s grand plan

    Raisi was integral to Ayatollah Ali Khamenei’s plans to cement the influence of regime hardliners and ensure a smooth succession to the republic’s top post.

    Iranian President Ebrahim Raisi in Ankara in January.

    Iran’s hardline president dies in helicopter crash

    Officials have confirmed the deaths of President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian in a helicopter crash, state media reported.

    Taiwan’s new president warns China’s threats ‘will not disappear’

    Lai Ching-te will build on his predecessor’s efforts to strengthen ties with the US, which is bound by its own laws to provide the island with the means to defend itself.

    Helicopter crash could send shockwaves across Middle East

    Iran has spent decades supporting armed groups in Lebanon, Syria, Iraq, Yemen and the Palestinian territories.

    Property

    The battle for the streets of New York

    The Big Apple’s streets are teetering between lively and unlivable. Now, the city is about to embark on the country’s first congestion-pricing plan.

    The Biomedical Building has sold $103 million, which was no discount to its book value.

    Why this $103m office on Sydney CBD fringe sold at no discount

    Listed property fund manager Centuria has sold its Biomedical Building to Kurraba Group for $103 million.

    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.

    Surgeon hopes to double suburb record with $18m waterfront castle

    On Sydney’s Lower North Shore, a regal waterside property has joined the market guiding $18 million.

    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.

    Advertisement

    Wealth

    Australian Retirement Trust’s head of retirement Kathy Vincent and head of advice Anne Fuchs are overseeing significant staffing and technological changes as they prepare for new laws to take force.

    Super funds spend big ahead of advice reforms

    As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.

    This routine health test is an investment opportunity

    The share prices of pathology companies are below pre-pandemic levels and the world will need more blood tests.

    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.

    Technology

    Apple’s new iPad Pro with its new Magic Keyboard.

    Why the iPad Pro still hasn’t made itself useful enough

    Apple’s latest tablet is undoubtedly one the greatest feats of computer hardware engineering ever. But what about its software?

    Andrew Speers, Founding Partner & Chief Operating Officer of Sohi Partners.

    Southern Highland surgeons bet they can beat investment bankers with VC fund

    Two surgeons behind a new $50 million venture capital fund based in Bowral, NSW, have launched a new venture capital fund.

    Sircel CEO Anthony Karam, says the acquisition of Scipher will leave his company in a dominant position in the local e-waste recycling market.

    Government-backed green tech firm goes broke, gets acquired for $5m

    Scipher Technologies, an e-waste processor that the government invested $15 million in, has been bought for $5 million after it entered administration in March.

    Work & Careers

    How much fun should you have at work?

    Jokes at work need to be deployed with skill and care. Yet, the best are glorious and the working world would be a far better place if we had a great deal more of them.

    Employers back worker ‘choice’ in right to disconnect battle

    The Australian Chamber of Commerce and Industry has warned against strict rights to disconnect in awards, saying it could affect enthusiastic staff.

    Advertisement

    Life & Luxury

    What five common sweeteners are really doing to your body

    New research has revived fears about whether sweeteners cause health problems.

    Les Trois Vallées in the Savoie region of France has almost 600 kilometres of skiable terrain.

    A ski pass for seven resorts for $619? France trumps the US on price

    Ski Méribel once, and you’ll be hooked on Les Trois Vallées – especially as the region is cheaper than most American resorts.

    Capella Tufu Bay in Hainan has 190 spacious rooms.

    Squeeze out the most value at these five-star luxury hotels

    So you’ve splashed out on airfares, but you still have to book the accommodation for your next holiday. Here’s how to get the most bang from your remaining bucks.

    The Eastern & Oriental Express passes through the landscapes of Malaysia.

    How LVMH exhumed luxury rail with the Eastern & Oriental Express

    The venerable company has returned with a renewed sense of purpose after a refresh and a rethink, but the focus is still on timeless elegance and luxuriously slow travel.

    1984 Peaches ’N Cream Barbie. Barbie, the Design Museum, London.

    From Barbie to Warhol, the must-visit major cultural exhibitions

    Toting a briefcase around the world’s financial capitals can be exhausting. Galleries and museums offer a sanctuary and stimulation for the business traveller.

    From the gallery