Yesterday
Income tax props up Chalmers’ budget (again)
A personal income tax surge has underpinned a $400 billion revenue gain since Labor’s budget came to office, paving the way for the treasurer to talk up his economic management.
This Month
Why Labor lost its way and how Albanese can still win
Inflation is political kryptonite for Labor but if the PM campaigns on Medicare, tax reform and real wage rises, it could win, writes trailblazing former union leader Bill Kelty.
‘Basket case’: Why Victoria is ground zero for Labor
Labor could be heading for an electoral disaster in Victoria where the party’s brand is “in the toilet” and the economy is in a parlous financial state.
‘It’s scary’: Gold Coast business titans hunker down
Wild winds are battering Bruce Mathieson snr’s beachfront mansion while property developer Soheil Abedian is watching monster waves from his penthouse.
Banks deploy mobile branches, generators to cyclone zone
Major banks have sent mobile banking units powered by their own diesel generators to Brisbane, after Armaguard halted cash deliveries to ATMs due to high winds.
Canberra shields insurance companies from cyclone losses
The Australian Cyclone Reinsurance Pool covers insurers for damage when weather is classified as a cyclone – and for 48 hours from the time it is downgraded.
Changes to building codes urged as extreme weather hits more often
Homes in south-east Queensland have been built to withstand bushfires, floods and severe storms, but are less robust when it comes to cyclones.
Europe’s welfare state is over
Europe must never again find itself in a position where the likes of US vice-president JD Vance have life-and-death power over it.
The ASX sell-off is getting serious. Blame banks and passive investing
The ASX 200 has now fallen even harder than Wall Street. The biggest winners of the past 12 months are dragging investors down.
Three in four new jobs in 2024 were underwritten by governments
One in three jobs created in 2024 was in the public sector while more than three-quarters of new roles were in government-funded industries like health and education.
The Trump and Xi shows could not be more stark
For many observers, the contrast between China’s orderly political gathering at the Great Hall of the People this week and the White House chaos was stark.
Third time a charm for Australian designer Christopher Esber in Paris
The first Australian to win the ANDAM prize is more than a rising star at Paris Fashion Week – he is now part of the “it” crowd.
Blackouts, flooding begin in cyclone disaster zone
Destruction has already begun from Cyclone Alfred, though the full force is not expected until Saturday.
How Ray Itaoui built a $500m retail and property empire
Brett Blundy’s right-hand man has bet big on turning around Best & Less, and the pair once again have lingerie in their sights.
First class is back, baby (but does it make sense for airlines?)
The arrival of non-stop flights to London is a chance for Qantas to expand its premium suites. Its competitors are doing the same. Will it be a winner?
Why Trump’s agenda does not add up
Trump’s protectionist trade war has shocked the world. His deregulation agenda pleases business and investors. It will struggle to hold together.
Emma Johnston takes the reins at Melbourne Uni in a time of crisis
Melbourne University just got its first female vice chancellor, Emma Johnston, and her road ahead will not be plain sailing.
Trump’s tariff pullback shows honeymoon may be over
The US president’s backtrack on imposing tariffs on Canada and Mexico shows that political gravity may apply to him after all.
AirTrunk executives splurge on luxury property after $24b mega deal
Top management identities have been buying up Sydney trophy homes after the hugely successful data centre provider’s acquisition by Blackstone last year.
The tension at the heart of Coalition economic policy exposed
Shadow treasurer Angus Taylor’s U-turn on cracking down on insurers revealed the collision within the opposition between economic rationalism and Peter Dutton’s populism.