As premiums surge and climate risks rise, join industry leaders confronting what’s next.
New Trump tariff would leave Australia behind rivals
A new US tariff proposal could wipe out Australia’s trade advantage in the US, imposing $1.6 billion in annual costs and leaving exporters behind competitors.
The dangerous delusion behind the oil market’s ‘creepy calm’
Don’t be fooled by stable prices and full pumps. The Strait of Hormuz is still effectively closed, and we’re headed into the fuel markets’ busiest time.
Graduate AI literacy gaps add to industry cost burden
Proficiency in artificial intelligence tools is now a “baseline expectation” for workers in the tech, finance and business sectors, but universities are yet to catch up.
KPMG global bosses block partner exits to contain local crisis
KPMG International has frozen partner departures in Australia to halt a mass exodus and protect peak audit season amid a widening whistleblower crisis.
Qantas plans for life without its super jumbo A380s
The flying kangaroo wants to add more fuel-efficient twin-engine planes to enable it to fly more long-haul routes without stopovers.
Woodside pressed by HESTA on local board seats, climate
The super fund said it was also concerned that a focus on expanding the company’s oil and gas portfolio carried a risk around the energy transition.
PM must course correct on the economy to halt One Nation surge
A widespread backlash against Labor’s expansionary fiscal policies and the rising cost of living has driven aspirational Australians towards minor parties.
The super fund chairman accused of serving two masters
Rather than look after the best interests of First Super, APRA will claim in court this week that co-chairman Michael O’Connor booked a windfall for his union.
Canva slows hiring pace amid AI ‘perfect storm’
Australia’s largest technology company, which wants to be seen more as an AI company, will stop hiring for some advertised jobs and reconsider other roles.
Graduate AI literacy gaps add to industry cost burden
Proficiency in artificial intelligence tools is now a “baseline expectation” for workers in the tech, finance and business sectors, but universities are yet to catch up.
Breaking news on companies, politics and economics, in your inbox as it happens.
Companies
Saudis step up push for direct flights to Australia
The biggest market for Australian meat in the Persian Gulf wants to start direct freight flights, with passenger services to soon follow.
Snowy, UGL argue over cost blowout at $1.3b-plus NSW gas power plant
Snowy Hydro CEO Dennis Barnes said the company was seeking to maximise value for taxpayers amid tense negotiations with the main contractor over cost overruns.
St Frock spent $13m growing on Facebook. Six weeks ago, it was blocked
Sandradee Makejev has spent millions expanding her women’s fashion retailer on Facebook. When the platform blocked her, she discovered there was no-one to call.
Company behind Myki delays penalised 0.1pc of blowouts
US company Conduent has paid less than $155,000 in penalties for $137 million in cost and schedule overruns on the Melbourne public transport ticketing project.
Dexus stands down executives, puts infrastructure division under review
Dexus has stood down executives, sacked its adviser and is reviewing its infrastructure arm, after a disastrous court loss relating to its Melbourne Airport stake.
KPMG chairman under pressure to leave as Westpac considers dumping firm
The bank is weighing whether to terminate its newly awarded $32m audit contract with KPMG, following allegations the firm used leaked data to win the work.
This former Waratah is making Okanui’s retro boardies cool again
The 48-year-old label that counts Hugh Jackman as a fan has caught younger shoppers’ attention with its marketing pitch of being a legacy brand like R.M Williams.
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Markets
Why the SpaceX IPO is a peak passive moment
For all the fear and loathing about SpaceX’s fast-tracked entry into passive market indices, investors are realising that everything is actually active.
Dairy prices to spike as supply shock hits farming’s ‘elite athletes’
Soaring oil and urea costs are flowing directly to Australian farm gates, putting agricultural producers under pressure to lobby for a better deal.
ASX to drop as Fed fears send Asia’s tech giants tumbling
Futures point a sell-off of more than 100 points for the local bourse on Tuesday as fears of higher US rates sent Asian stocks plunging.
Nasdaq tumbles 4.2pc after tech stocks hit by selling wave
An unexpectedly strong May jobs report bolstered bets that US rates are poised to rise, knocking some wind out of the highest-flying tech stocks.
Brokers cut ASX bank targets as housing super cycle grinds to a halt
The investment bank predicts the biggest house price correction in 40 years will end the two-year surge in bank stocks.
Opinion
PM must course correct on the economy to halt One Nation surge
A widespread backlash against Labor’s expansionary fiscal policies and the rising cost of living has driven aspirational Australians towards minor parties.
Editorial
Angry voters push Albanese to safer ground
The prime minister and the Liberals are united in their condemnation of sexism in politics. Pauline Hanson, as usual, offers a different take.
Columnist
Why do AI workplace blunders keep growing?
We should be getting better at artificial intelligence by now. But the scale of mistakes, from cancelled novels to legal fines, suggests the opposite.
Columnist
Are Trump’s attack dogs losing their bite in Europe?
Opposition to immigration is a potent political force anywhere. But the interventions coming from Donald Trump’s henchmen don’t appear to be helping the right.
Europe correspondent
If nationalised electricity is the Tomago solution, what is the question?
Federal Labor must reject this idea outright. The arguments for it are flawed and expose the government to significant economic losses.
Commentator
Artificial intelligence token bill shock has only just begun
Consumption costs versus changes passed onto customers is a significant problem for all vendors. At some point, each will have to pass on the full expense.
AI consultant
Politics
Casualties mount after earthquake and tsunami hit Philippines
At least four have been killed and more than 200 injured after a 7.8 magnitude earthquake; Israel strikes chemical plant in Iran. Follow live updates.
Labor to dig deep on policy as One Nation surges in polls
The government is confident most seats can be defended with strong economic policy responses, given it is nearly two years until the next federal election.
‘Tall, fat buildings’: Sparks fly over Bondi Junction high-rise plan
Liberals are accusing ex-mayor Paula Masselos of soliciting NIMBY objections to 3000 homes, but she claims to be the victim of a smear and an email “glitch”.
Allan government was warned about wages cost surge
The Department of Treasury and Finance put Treasurer Jaclyn Symes on notice about the impact of a 28.4 per cent nurses’ pay rises and Fair Work Commission gender pay gap review.
WA Liberals open to working with One Nation
The meteoric rise of Pauline Hanson’s One Nation is an opportunity for the Liberal Party, West Australian Opposition Leader Basil Zempilas says.
World
Britain’s fury as taps run dry at Australian-owned water firm
Utilities Trust of Australia is struggling with its investment in South East Water amid heat-wave outages, as Moody’s downgrades the business to junk bond status.
Trump storms out of interview, calling host ‘crooked or stupid’
The US president clashed with Kristen Welker on NBC’s Meet the Press, after the journalist asked him about election fraud.
At least 15 dead as earthquake rocks southern Philippines
General Santos, a southern port city of more than 700,000 people that is a hub for a tuna export industry and other commerce, was among the hardest hit.
Are Trump’s attack dogs losing their bite in Europe?
Opposition to immigration is a potent political force anywhere. But the interventions coming from Donald Trump’s henchmen don’t appear to be helping the right.
One billion pints: Beer giants prepare for booziest World Cup in history
This year’s event is an expanded 48-team competition featuring 104 matches, compared with the 64-game tournaments of previous years – a boon for brewers.
Property
New duplex sells for $730,000 in post-budget investor battle
Out with the old and in with the new: the focus of property profit-takers changed overnight after last month’s federal changes.
Economists say property prices might fall 10pc. So what?
With property prices up 400 per cent since 2000, what does a drop actually mean? And what happened last time governments made major changes to property taxes?
‘IKEA flat pack of housing’: Couple save $250k with shed-house build
A Victorian couple were planning to build their retirement home the traditional way. Instead, they pivoted to a self-assemble abode, saving time and money.
Two Sydney venues of bankrupt publican Jon Adgemis in new hands
The South Bondi Hotel at Bondi Beach and the Empire Hotel in Annandale have finally sold after a previous deal failed to settle.
‘Someone is stealing my signs’: Brisbane estate agent claims foul play
A Brisbane realtor who used location trackers to find her missing signage has confronted a rival agency in a viral social media video.
Wealth
No negative gearing: What this aspiring rentvestor will do next
The federal budget smashed Benjamin Naddaf’s property plans overnight. Experts outline three remaining options for rentvestors.
40-year rule reversal means owners can no longer hoard holiday home time
The ATO’s new position upends the decades-old financial dynamics of vacation property ownership and owners have a choice to make.
How to bank 40pc more profit on an investment property after the budget
Setting up an SMSF and using it to buy a residential investment property got a big boost in the budget. But it’s not without complexities and risks.
Technology
Meet an unexpected Mac-mini killer
Geekom’s new A9 Max might not be as fast as its Apple rival, nor as quiet. But it has one, huge advantage that might make it a better choice.
Australia’s turning point in the AI revolution just arrived
The nation wants all the benefits of the boom but none of the disruption. But this transformation is so fast it may end up with the opposite.
Denholm calls for more action, less whingeing from start-ups
Tesla’s chairwoman says she has never met a founder who worried about the tax on their eventual company sale when they decided to start a new business.
Work & Careers
Former Australian of the Year Richard Scolyer dies after cancer battle
The scientist, who died aged 59 on Sunday, helped save thousands of people through his groundbreaking skin cancer research.
‘War’: Inpex LNG facilities hit with rolling eight-hour stoppages
The dramatic escalation of industrial action hit the gas giant on Monday and is set to continue indefinitely as union anger over pay talks blew up over the weekend.
Life & Luxury
Only two state orchestras bucked the trend and made a profit last year
Australia’s biggest bands’ 2025 balance sheets were in the red, and they blamed everything from inflation to a stadium being built 170 metres from a concert hall.
Mum swaps SUV for the ‘fastest, sexiest car in the showroom’
Artist Vicki Lee decided that as her children got bigger, her cars would get smaller – and faster. Once they were out of booster seats, she bought a Porsche.
The ‘bike wife’ who travels the world on the back of a motorcycle
With her husband Jon in charge of the handlebars, MLC’s Renee Howie enjoys the thrill of ruling the road without any of the responsibility.
This new cruise ship is optimised for good times
Celebrity’s billion-dollar Xcel ship offers grown-up glamour at sea, complete with circus performers, a speakeasy and a high-performance spa.
Sydney Opera House gets licence to wake up the neighbours
Sound regulation for late-night concerts at the harbour venue’s forecourt will be raised to be the same as settings for daytime gigs.
