Labor premier backs Dutton’s plan to slash immigration
Queensland’s Steven Miles claims credit for the federal opposition’s policy to cut overseas arrivals, saying the housing industry needs time to catch up.
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.
London court rules Assange can appeal US extradition
The Australian computer expert has spent the last five years in a British high-security prison after trying to fight an extradition on espionage charges.
JobSeeker, JobKeeper cut wealth inequality
Lower-income households benefited the most from early COVID government payments, but higher-income households had the greatest gains in the recovery.
Star suitor Hard Rock knows a thing or two about the mass market
If a deal proceeds, there’s every chance casinos in Sydney and Queensland will look very different. Just look at their guitar-shaped Florida palace.
ICC seeks arrest warrant for Israel PM Netanyahu and Hamas leaders
The announcement deepens Israel’s isolation as it presses ahead with its war.
- Analysis
- Mining
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.
Exclusive insights from the Street Talk team delivered to your inbox daily.
tuesday tech
How business websites will have to change for Google’s AI era
Enterprises hoping to attract the attention of the search engine’s Gemini platform will need short, punchy web pages, says a digital advertising expert.
- Exclusive
- Mergers & acquisitions
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.
- Opinion
- Digital Life
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?
- Exclusive
- Funding
NSW 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.
- Opinion
- Start-ups
Why we should celebrate the unsung heroes of the Aussie tech scene
Successful start-up exits deliver rich returns to investors and create wealth for founders and some employees, and hopefully recycle talent back into the sector.
Get the latest business news on the go with the AFR’s new iOS app.
Companies
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.
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.
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.
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.
- Opinion
- Chanticleer
Star bidders need to answer one big question
That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.
Hard Rock knows a thing or two about the mass market
If a deal proceeds, there’s every chance casinos in Sydney and Queensland will look very different. Just look at their guitar-shaped Florida palace.
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.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
Lithium miners plead ‘foreign entity’ case to US over China links
Lithium miners like Mineral Resources reckon it would be counter-intuitive for their Australian mines to be labelled ‘foreign entities of concern’ by the US.
Cap big super at 10pc of ASX companies: senator
The $3.6 trillion superannuation industry’s market power means it has the capacity to “squash retail investors like bugs” – and that shouldn’t be allowed, Andrew Bragg says.
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.
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.
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.
Opinion
Hamas’ defeat, helping Ukraine win, best for West
The sooner Israel defeats Hamas, the better. And also the sooner the US focuses attention on helping Ukraine win the war, the better.
Editorial
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.
Columnist
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.
Columnist
The Coalition must give up its nuclear dreaming
The opposition’s current nuclear proposal is an unserious political wedge being used to pry open a climate war Pandora’s box. A new round of the climate wars would be catastrophic.
Trade unionist
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.
Editorial
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.
Commentator
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 CommBankPolitics
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.
Vic Labor playing ‘ideological games’ on gas, says industry
Gas, business and union figures have slammed Victorian Labor’s energy stance after a state conference voted against federal Labor’s Future Gas Strategy.
How we can take on Tesla, according to WA’s Roger Cook
WA Premier Roger Cook insists his state’s nickel crisis should not deter major miners from pushing ahead with higher social and environmental standards.
Labor premier backs Dutton’s plan to slash immigration
Queensland’s Steven Miles claims credit for the federal opposition’s policy to cut overseas arrivals, saying the housing industry needs time to catch up.
Australia considers declaring Middle East no-go zones
ASIO and the Federal Police remain concerned about terrorism in Australia amid tensions in the Middle East.
SPONSORED
World
ICC seeks arrest warrant for Israel PM Netanyahu and Hamas leaders
The announcement deepens Israel’s isolation as it presses ahead with its war.
London court rules Assange can appeal US extradition
The Australian computer expert has spent the last five years in a British high-security prison after trying to fight an extradition on espionage charges.
Australia ready to help Solomons build a defence force: Marles
Deputy Prime Minister Richard Marles will meet Solomon Islands’ new leader Jeremiah Manele in Honiara on Tuesday.
Airforce on standby to evacuate Australians as French police pour into New Caledonia
Roads were blocked and the airport remained shut, stranding 3200 people, including 300 Australians, in the Pacific nation after a week of riots.
- Opinion
- Iran
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, writes Andrew England.
Property
- Exclusive
- Retail property
UBS bets on co-working and bowling to fix troubled Melbourne mall
UBS has secured two big tenancies for St Collins Lane, an arcade in the Melbourne CBD that has been one of the city’s worst performing malls for years.
Fund manager busy buying assets in a struggling office market
Brisbane-based Exceed Capital has snared its second office building in nine months and is now circling bigger CBD assets
Regional housing values gather steam
Persistent demand for homes in regional areas with lifestyle advantages and affordable price points sparked a re-acceleration in price growth in the past three months.
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.
- Exclusive
- Office
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.
Wealth
JobSeeker, JobKeeper cut wealth inequality
Lower-income households benefited the most from early COVID government payments, but higher-income households had the greatest gains in the recovery.
10 investment tips to ride out the ‘new normal’
Given elevated interest rates and inflation are forecast to flow through financial year 2025, investors are eyeing stocks, property and gold to get ahead.
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.
Technology
How business websites will have to change for Google’s AI era
Enterprises hoping to attract the attention of the search engine’s Gemini platform will need short, punchy web pages, says a digital advertising expert.
- Opinion
- Digital Life
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?
- Exclusive
- Funding
NSW 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.
Work & Careers
Academics seek pay for emails out of hours
A major union is using Labor’s new right to disconnect laws to scrap a “common practice” where casual academics do not get separately paid to be contacted outside of hours.
- Exclusive
- Insolvency
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.
Life & Luxury
What five common sweeteners are really doing to your body
New research has revived fears about whether sweeteners cause health problems.
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.
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.
How LVMH exhumed luxury rail with the Eastern & Oriental Express
The venerable Belmond travel company is back with a renewed sense of purpose after a refresh - but the focus is still on good old-fashioned, timeless elegance.
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.
