Publication
Woodside’s $24b bet on US LNG rises out of Louisiana swamp
Across a sweltering stretch of former Louisiana swamp, Woodside Energy’s biggest global bet is rising out of compacted earth. As alligators sometimes slide by, mobile cranes, tip trucks, emergency vehicles, utes and excavators crunch across the...
Read Full Story (Page 1)
Algorithm ban ‘risk to online trade’
Leading tech entrepreneurs have warned that government plans to force social media platforms to remove the algorithms that drive users’ feeds would fail to stop people being exposed to misogynistic, violent or other harmful content and be disastrous...
Read Full Story (Page 1)
Lost and founder |
High-profile founder and former Telstra director Bridget Loudon-Harris will walk away with nothing after Expert360, the start-up that put her on the map, was sold in a cut-price $16 million deal.
Read Full Story (Page 1)
Builder fury as worker visas stall
At a Labor fundraising dinner at Royal Perth Yacht Club last week, a cluster of Western Australia’s top building industry figures used their place at the top table to bend Jim Chalmers’ ear about an issue of rising concern to them. At the heart of the...
Read Full Story (Page 1)
Bathla founders missing in action
Me, help. Those are the words written into the dusty windows of the permanently closed shopfront in this corner of western Sydney. The footpath is strewn with glass, and tiles have been ripped off the building. Paint bubbles from poor water sealing;...
Read Full Story (Page 1)
Labor on top in tight poll
One Nation has slipped behind Labor in the fifth lead change between the two parties in as many months, suggesting both have hit a ceiling in nationwide support and will battle for ascendancy all the way to the next election. The latest results from...
Read Full Story (Page 1)
BUSTED FLUSH
Star Entertainment gutted problem gambling programs and discussed misleading Brisbane casino lenders with inflated earnings forecasts, according to documents that also reveal the gaming giant was forced to fire a senior executive just 10 days after he...
Read Full Story (Page 1)
Bathla collapse intensifies
The failure of Sydney developer Bathla is turning into one of the country’s biggest real estate collapses, after administrators revealed that the estimated $3.3 billion owed to creditors did not include the deposits paid by thousands of apartment...
Read Full Story (Page 1)
Carroll seeks to distance himself from secret tax – but is keeping it
Premier Ben Carroll has sought to distance himself from a secret tax on Victorian public transport fares that was intended to help pay for Labor’s $34 billion Suburban Rail Loop, which an audit has found to be unfunded and likely to blow out in cost...
Read Full Story (Page 1)
Climate change concerns fade as investors rediscover carbon
As John Kite went cap in hand through the corporate towers of Singapore, Hong Kong, Melbourne and Sydney in June, he became quietly confident he could raise the $200 million needed for his NSW coal export terminal. But when it came time for investors...
Read Full Story (Page 1)
Exit the King: Succession moment has been years in the making
He is the epitome of a key man, and now he’s leaving. Phil King says his time at the top of the country’s capital markets is coming to an end, with the 57-year-old flagging he will step down as the chief stock picker at the investment house he founded...
Read Full Story (Page 1)
Bitter Murdoch trust war laid bare
It was the most closely watched trust dispute in the world, yet no one knew what was said inside the Nevada courtroom as the Murdoch family went to war over the future of their sprawling media empire. Now, the bitter clash that tore the family asunder...
Read Full Story (Page 1)
Buyers on strike, warn realtors
Realtors are bracing for the toughest spring in years, warning that buyers have gone on strike before what is traditionally the most popular time to sell amid property tax concession changes and higher interest rates. Listings were already falling and...
Read Full Story (Page 1)
Skin cancer breakthrough
| Former Australian of the Year Georgina Long was in Lisbon when news broke that her work on skin cancer therapies had hit the jackpot. Moderna announced positive results for a vaccine lauded as a turning point in the fight against melanoma, and...
Read Full Story (Page 1)
Inside the endless inquiry into the Federal Court’s (alleged) cronyism
For three years, the national corruption watchdog has been secretly examining claims of cronyism and illegal hiring at the Federal Court, an investigation that has been disrupted by stonewalling officials and a surprising intervention from former...
Read Full Story (Page 1)
JB Hi-Fi sales fall off as NAB paints a pessimistic property outlook
National Australia Bank has detailed a more pessimistic outlook for the country’s property market than its major rivals, forecasting that the amount lent to real estate investors will fall for the first time since 2020. The uncertainty caused by...
Read Full Story (Page 1)
Inflation rise warning on migrant cuts
Deep cuts to migration proposed by conservative political parties will damage an economy weakened by Labor’s entrenched federal budget deficits, which are already putting pressure on younger Australians and exacerbating inflation, former Treasury...
Read Full Story (Page 1)
‘Partner lies’ in KPMG cover-up
The KPMG lawyer tasked with first investigating claims the firm was using confidential client files to win contracts accused partners of misleading him and hampering his work as they sought to cover up their wrongdoing. The firm’s deputy general...
Read Full Story (Page 1)
Smelter bailout could fall short
The $2.5 billion government bailout of the Tomago aluminium smelter in NSW could require hundreds of millions of dollars in extra funding if global aluminium prices tank or renewable electricity proves more expensive than expected, leaving taxpayers...
Read Full Story (Page 1)
Housing fears overdone: Comyn
Commonwealth Bank chief executive Matt Comyn says the housing market had been running too hot, backing Labor’s sweeping changes to property tax concessions and dismissing worries about short-term price falls. Delivering a better-than-expected $11...
Read Full Story (Page 1)
Stokes warns on cooling investment
SGH chief executive Ryan Stokes says it is too early to assess the full impact of major tax concessions changes introduced by the Albanese government, even as he warns serious uncertainty is putting off investment. Stokes made the comments as he...
Read Full Story (Page 1)
Healthy growth
| Tim Gurner is pouring tens of millions of dollars into expanding his Saint Haven chain of wellness clubs, including $15 million on the Saint Haven Black club in Melbourne’s Toorak, but has vowed to keep his property development firm private.
Read Full Story (Page 1)
Lurch to populist left
The Albanese government’s handpicked small business advocate has warned that Labor has significantly underestimated the restructuring costs caused by its trust tax crackdown and urged Treasurer Jim Chalmers to secure state stamp duty exemptions for...
Read Full Story (Page 1)
Coles to send up to 1000 jobs to India
Coles plans to move as many as 1000 jobs to India as part of a deal with Accenture, allowing the supermarket giant to cut costs and invest in its online operations as it faces intense competition from Amazon. The supermarket chain will outsource...
Read Full Story (Page 1)
Andrews’ conduct was concerning, says IBAC
Victoria’s anti-corruption watchdog has found that former premier Daniel Andrews and senior members of his government engaged in ‘‘ serious and concerning’’ conduct in dealings with the firefighters union to end a bitter industrial...
Read Full Story (Page 1)
Property price slide exposes political peril for PM
Australians have long complained that residential property has become unaffordable. But as the sharpest housing market correction in almost four years gathers pace, the Albanese government is discovering that not all voters necessarily welcome falling...
Read Full Story (Page 1)
Fed chief’s invisible man routine leaves bond markets baffled ▶
It was, according to economists at JPMorgan, the single most troubling presentation by a Federal Reserve chairman in more than a decade of news conferences given by those at the very top of the US central bank. And, for Australian investors, it all...
Read Full Story (Page 1)
Courts face avalanche of AI slop
Workplace claims filed by selfrepresented litigants have exploded in the Federal Court, more than doubling over the past year as artificial intelligence supercharges employee actions against businesses and creates a major headache for judges forced to...
Read Full Story (Page 1)
Rinehart’s road map for Coalition
Australia’s richest person, Gina Rinehart, says she still has strong relationships with senior federal Coalition figures after throwing her support behind One Nation but warned parties with declining support should overhaul climate and immigration...
Read Full Story (Page 1)
▶ Allegra Spender ▶ Companies
growing uncertainty stoked by the Iran-US war, which began with a strike on Tehran at the end of February. NAB’supdate followsa similar warning in June from Westpac, which cited the tax changes as part of the reason for the slump in home loans. Half...
Read Full Story (Page 1)
