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    How the west’s miners won over Canberra

    The production tax credits on critical minerals processing unveiled in the federal budget were the result of months of careful negotiations that started with a meeting in Perth.

    Protesters blocking the entrance to the ALP state conference.

    Pro-Palestine activists swarm on Labor state conference

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

    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 northern 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.

    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.

    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.

    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.

    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.

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    smart investor

    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.

    When we eventually sell the properties, how will the capital gains be calculated?

    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.

    RBA caught in political spin

    Political considerations may explain the central bank’s unusual cheerleading of the federal budget.

    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

    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”.

    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.

    The corporate regulator is investigating ANZ Bank’s handling of a $14 billion federal government bond sale.

    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.

    Transurban network operator claims he was fired for whistle-blowing

    The former employee has alleged in court that he was dismissed after blowing the whistle on coercion, manipulation of company records and raising safety issues on toll roads.

    Qatar Airways returns with new push for more flights

    Tourism industry and export market players have warned the government not to repeat the same mistakes, as the airline tries to expand, again.

    Shell sues ATO over claim it was short-changed $99m in CGT bill

    The ATO believes the company should have declared capital gains $330 million higher than first reported for its exit from the old Woodside Petroleum.

    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 said.

    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

    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

    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

    Peter Dutton’s housing policies look tinged by race

    The Liberal Party leader’s complaints that foreigners are competing with Australians for homes tap into resentment towards outsiders.

    Aaron Patrick

    Senior correspondent

    Aaron Patrick

    What a ‘free Palestine’ means in practice

    The campus protesters are not the first generation of Western activists who have championed movements that promised liberation in theory and misery and murder in practice.

    Bret Stephens

    Contributor

    Bret Stephens

    This budget sees the return of government as saviour

    Two decades ago, Australia was poised to shed the hard-done-by battler mindset. Now it is more entrenched than ever.

    Phillip Coorey

    Political editor

    Phillip Coorey

    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?

    International students have become a “political plaything” and the sector is under threat, experts warn.

    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.

    Treasury has given itself nearly $55 million over two years to administer, coordinate, and promote the Government’s Future Made in Australia agenda.

    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.

    Critics say Aussies can’t make cheap solar panels. This start-up says they’re wrong

    The brains behind SunDrive say Australia has the material, the best resources, and even national security reasons, for keeping solar panel expertise here.

    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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    World

    Emergency services fight a fire following a Russian air strike near Kharkiv.

    More troops, better tech: Putin’s Ukraine push worries West

    Multiple factors are helping Russia’s military advance, including a delay in US weaponry and Moscow’s technological innovations on the battlefield.

    Lee and Day make big moves after dramatic Scheffler arrest

    Magical Min Woo Lee and Jason Day have made big moves to revive Australian hopes at the drama-charged PGA Championship in Kentucky.

    Former Beatles member Paul McCartney and his wife Nancy Shevell.

    Paul McCartney is reportedly Britain’s first billionaire musician

    The 81-year-old is the richest musician in the UK, thanks in part to superstar Beyonce.

    ‘Massive’ French police force arrives in riot-hit New Caledonia

    Deadly violence has raged across the French Pacific territory this week over electoral reforms pushed in Paris, forcing France to impose a state of emergency.

    China-US clean energy trade war could get dirty

    History suggests Beijing will reply in kind and lift tariffs on a range of American exports, which will raise the stakes once again in their long-running tit-for-tat tussle.

    Property

    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.

    Designer Jessie French with the algae-based decal she has created on the window of retail Aesop’s Collins Street store in Melbourne.

    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.

    Veteran property developer Nigel Satterley.

    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.

    Laser Clinics co-founder to sell Mosman super pad

    The cosmetic industry entrepreneur has listed his striking mansion on Mosman’s exclusive Balmoral Slopes with a guide of $17.5 million.

    Ex Pendal CEO to sell $18m harbour mansion with trophy boatshed

    Emilio Gonzalez and his wife, Nicola, have called time on their Cremorne harbourside address, offering it to prestige shoppers.

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    Wealth

    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.

    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.

    Technology

    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.

    Children allowed screen time during breakfast, lunch or dinner are 15 per cent more likely to be overweight.

    Children glued to their phones at meal time face obesity risk

    Experts say letting youngsters scroll social media, watch videos or eat in front of the TV is “dangerous” and may be fuelling a growing obesity epidemic.

    Aristocrat chief executive Trevor Croker has delivered another solid profit result.

    How gridiron and cartoon elves sent this ASX giant surging

    The 12 per cent surge in Aristocrat Leisure’s share price reflects a solid profit beat. But there’s a secret sauce behind its long track record of growth.

    Work & Careers

    Protesters have renamed the Arts West building Mahmoud’s Hall, in honour of a Palestinian student who they say intended to study at Melbourne University on a scholarship this year but was killed in Gaza on October 20.

    Sydney Uni wins appeal over academic dismissed over Nazi slide

    Tough-talking university administrators are showing signs their patience is wearing thin, but police involvement is still a last resort.

    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”.

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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.

    See-through embellished slip dresses harked back to early 90s grunge at Albus Lumen’s Monday fashion week show.

    Dream of the 1990s comes alive at Fashion Week

    Grunge, denim and sexy slip dresses were all over the runways at Australian Fashion Week.

    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.

    From the gallery