Labor win an ‘enormous positive’ for Australia: Westpac boss
The big four CEO believes there are ‘many opportunities’ for Labor to drive the economy forward amid global uncertainty, and says Australia needs to reduce its reliance on China.
Business
Westpac CEO’s nod to the past to make banking great again
The back-to-basics approach is a nod to Westpac’s golden era under chief executives Bob Joss and David Morgan.
‘Like being on your couch’: Air New Zealand unveils new look
Air New Zealand has shown off its first retrofitted 787 that brings more economy leg room, a sky pantry and lie-flat business class seats. Plus a sneak peek at Skynest bunk beds | WATCH THE VIDEO
Labor urged to move faster on energy transition
Emboldened by Labor’s sweep, renewable energy proponents have urged Anthony Albanese to capitalise on his political momentum and hasten the transition away from coal.
Jabiluka case looms as huge waste of time and money
Did Anthony Albanese have the right to kill mining at the rich Jabiluka uranium deposit? We may never know the answer to that question.
Business blows coming down the ALP pipeline
Albanese’s big win heralds revolutionary changes to business and savings that amount to an unprecedented attack. The Coalition failed to highlight this and so deserves the ravaging in the polls.
Charter Hall snaps up Geelong’s Corio Village in $146m deal
The funds manager is again buying convenience retail assets as it seeks to expand its holdings in the high-performing area.
Market turns lower; Rinehart rues Liberals’ Trump aversion
Top businesswoman says Liberal Party should have embraced more Trump-style policies, while businessman David Thodey laments Canberra’s lack of ‘vision and an industry strategy for Australia’ in more than 20 years.
Commentary
COMMENTARY
For reform’s sake, business must embrace new approach
The silver lining for business is Albanese’s decisive win and new authority gives Labor room to take risks, including a more ambitious economic agenda.
COMMENTARY
Why I ditched the NBN
If you’re not happy the NBN has again hiked prices, the government-owned telco encourages you to shop around. So that’s what I did, finding a much cheaper and faster plan.
HOUSING
Are loans with 10 years interest-only the future of mortgages?
Home loans with longer interest-only periods, offering lower initial repayments, are appearing in Australia as housing costs climb.
Tale of two cities: could L1 Capital boss be eyeing move abroad?
Raphael Lamm says he intends to step away from L1 Capital management to focus on stock picking if it successfully merges with Platinum Capital. Pish posh.
Rio error hands Palliser big win in AGM stoush
Rio Tinto’s investor relations team handed a major AGM vote victory to activist hedge fund Palliser Capital – at least in the miner’s first draft of history.
Fortescue dragging the chain in IP fight
A Federal Court judge has taken a swing at Andrew Forrest’s Fortescue, suggesting its lack of legal urgency over the case against two of its former execs could see her into retirement.
At last, Gupta’s GFG files some financial accounts
Sanjeev Gupta has finally filed some overdue accounts — and while they’re not the ones everyone is really interested in they still offer a revealing insight into the way his empire works.
Major shakeup as Australia’s top 50 builders revealed
There are major moves in the top builders across the country, with some players hit by cost blowouts while others have risen up the ranks with huge project pipelines.
Former panel beater turned billionaire splashes $450m on ‘Australia’s best shopping centre’
Billionaire Sam Arnaout has expanded his pubs and hospitality empire, with a hefty pivot into retail on Sydney’s pricey North Shore. What will he do with it?
Property tycoon beats crypto billionaire in battle for $200m tower
Melbourne’s office market is springing back to life as cashed-up players battle for position ahead of a recovery.
Spotlight
The Myer family gift that funded an elite Melbourne business school
A lesser known part of Sidney Myer’s legacy will be celebrated in Melbourne this week, when the nation’s top business leaders gather to mark the 100th birthday of Melbourne University’s famed Faculty of Business and Economics.
Acciona v Veolia: $1.5bn battle for control of waste to energy
The war for Australia’s red bin waste and what to do with it once it gets buried in landfill is at the heart of an escalating row between two global giants playing out on home soil.
Review energy bill handouts, CEO of electricity giant warns
Several years of energy rebates have been dished out to Australian households and businesses to make rising power bills more politically palatable. One major industry player has called for an end to subsidy sweeteners.
‘Unwatchable drivel’: ABC election panellist slams Aunty’s coverage
Election coverage is traditionally a time for brutal assessments, but it’s not often you see panel guests dump on their own show. We get the feeling this party strategist won’t be asked back.
Super Retail CEO spotted with lover at luxury hotel, wife discovered affair via phone check
Super Retail chief Anthony Heraghty was seen touching HR boss Jane Kelly on the thigh at a work event, the pair were spotted checking into a Brisbane hotel and his assistant quit after his wife found phone messages confirming the affair, court documents show.
Foxtel boss welcomes a bold new era
Patrick Delany says in the current media landscape, media companies that ‘stand still’ are unlikely to survive.
Why tax on super’s unrealised gains will drive the rich offshore
Activist fund manager Geoff Wilson says federal Labor’s planned super tax will have enormous unintended consequences and he believes there is a better way forward.
SMSFs eye bumper year as big super lurches from crisis to crisis
More Australians are taking back control by setting up SMSFs as major funds battle service failures and lax cyber security.
Is the Wall Street rebound for real or a dead cat bounce?
Stagnant GDP, corporate distress, consumer panic and supply chain chaos increase the likelihood of Trump relenting on tariffs so there’s a contrarian opportunity to invest in a potential rally.
Tariff turmoil may not be as bad for M&A as it seems
The new tariffs regime will necessarily disrupt global trade and cause distress to businesses across the world. An increase in distressed businesses could present a value play for astute buyers.
Navigating financial sustainability: three key insights for healthcare CFOs
Managing the rising cost of healthcare; managing talent challenges, rising turnover and competition; and prioritising investment in AI and digital infrastructure are three considerations for healthcare CFOs.
Three ways CFOs can drive value for the business
The top value levers for CFOs include managing cash and capital, shaping the cost curve, and accelerating growth. These three priorities can also reinforce one another in a dynamic interplay.
Diverse talent pipelines needed to drive sustained competitive advantage for business
Despite a concerted push for change at most large Australian corporates, the female talent pipeline for executive roles still isn’t long enough. What can be done to change that?
AI Journal
We must keep an eye on GenAI gender trust gap
Well-resourced employers should take a proactive approach to upskilling their workforce, with a particular emphasis on GenAI training modules that encourage female involvement.
How to build AI-powered cities intelligently
Cities like Melbourne have an opportunity to use AI and become a global leader by streamlining the complex processes involved in planning permissions and construction, for a start.
TikTok fined $900m over China surveillance risks
Ireland’s data-privacy watchdog fined for failing to guarantee that user data sent to China was protected from government surveillance, a blow to the company’s efforts to convince Western countries that it is safe to use.
Atlassian swings to loss as it moves to Trump-proof itself
The software titan has booked a quarterly loss as it spends heavily on artificial intelligence – a move chief executive Mike Cannon-Brookes says will strengthen the company amid a ‘turbulent’ global economy.
TAFE deal brings Power of One to the learning experience
Tasmanian TAFE students will reap the benefits of using a globally leading Australian software solution to guide them through their courses, after the institution partnered with TechnologyOne.
Time for Team Australia to step up and support research
Lifting our national R&D performance has become an intergenerational challenge we must not ignore. R&D is central to building strong, modern, growing economies.
Roberts-Smith’s ex-lover denies leaking recording
Ben Roberts-Smith’s ex-lover issued a legal threat to the ABC’s Media Watch program, claiming host Linton Besser painted her as ‘a dishonest and unreliable person’ who deliberately leaked the recording.
Attivo snares heavyweight for growth push
Attivo Group has bolstered its management team appointing seasoned advertising executive Anthony Gregorio to helm its growing ANZ business.
Aussie agency to rival System1, Kantar with research tool
Raised by the algorithm, craving positivity, next gen are game for change
Are CMOs the natural successors to CEOs?
Meet the team
Vesna Poljak
Vesna Poljak is The Australian’s Business editor, based in Sydney. She was previously Companies and Markets editor at The Australian Financial Review.
Amber Plum
A longstanding member of The Australian and The Australian Business Network, Amber joined the masthead as Deputy Business Editor in 2016 and was promoted in 2023.
Louise Brannelly
Louise has over 20 years of experience as a national content editor and business journalist. Louise is skilled in identifying and analysing audience trends with keen insight to deliver compelling journalism.
Norwest’s Bulgera good as gold
With a mining lease in place and over 200,000oz of gold in the ground, could Norwest’s Bulgera be the deepest value junior gold project in WA?
RC1 boosts Redcastle gold potential
Redcastle’s Kestrel Lode is the most delineated mineralised zone within the Queen Alexandra project and presents an early cashflow opportunity.
Albo wins it. What now for investors?
Albo has clinched the election, and with fresh plans on housing, climate and critical minerals, investors are already sizing up the next move.
Gold sell-off doesn’t mean bull run is over
Gold prices have come off record highs as Chinese investors led a sell-off. Will they be back after the Labour Day holiday?
Original URL: https://www.theaustralian.com.au/business