Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement
AUDUSD0.713
0.0010 (0.14%)0.14%
SPI 2009,136.00
56.00 (0.62%)0.62%
S&P/ASX 2009,175.30
47.00 (0.51%)0.51%
All Ords9,408.70
49.70 (0.53%)0.53%
NZX 504,937.80
52.42 (1.07%)1.07%
Hang Seng26,530.42
-235.30 (-0.88%)-0.88%
Nikkei58,756.80
173.68 (0.30%)0.30%
View all

Secure your seat at this milestone gathering and be part of the conversation shaping Australia’s economic and political future.

Register now

Atomic wedgies make $14b takeover fight for BlueScope even spicier

The steel group feels bidders SGH and Steel Dynamics tried to push it into a corner with their latest bid for the company. Now it is pushing back.

High-speed rail an expensive dream the NSW government won’t pay for

Anthony Albanese’s love of high-speed rail is colliding with indifference from the Minns Government and a new brand of NSW Labor fiscal conservatism

Kilkenny faces referral to parliamentary privileges committee

Victorian Attorney-General Sonya Kilkenny says she should have been clearer when she told parliament claims of a CFMEU black ban were referred to police.

Gold’s rally is showing no signs of slowing down in the new year.

Chalmers eyes budget upgrade as gold eclipses gas exports

The gold rally marks the latest in a string of revenue windfalls for the Albanese government, which has also benefited from a jobs boom and soaring energy prices.

Morgan Stanley’s Tim Church-led real estate team has led several marquee transactions over the past five years.

Take me to Church: Morgan Stanley unveils reshuffle of its top brass

Tim Church has helped the investment bank snare plenty of noteworthy deals, including Scape Australia’s $3.85 billion acquisition of Aveo last year.

Bapcor’s $200 million deal was something we don’t see everyday.

Bapcor’s $200m highway to hell

The terms of the car parts retailer’s bailout are about as grim as you’ll see – the sort of deal that happens once a year in the ASX300, tops.

Allens appoints new managing partner in biggest change in a decade

The major law firm’s board selected Sydney-based Marc Kemp to succeed Richard Spurio in the top job from July.

Inside GQG’s team of ex-journos that turned the tide on tech

A team of six former investigative journalists played a crucial role in Rajiv Jain’s high-stakes bet against the AI trade.

Cettire shares crash as auditor warns of ‘material uncertainty’

The stock plummeted 22 per cent to just 35¢ on Thursday after Cettire revealed a poor update amid falling sales and a net loss in the first half.

Billionaire Laurence Escalante hit with fresh drug charges

The 44-year-old founder of Virtual Gaming Worlds fronted Perth Magistrates Court on Thursday on nine new charges.

Advertisement

EDITOR'S PICKS

It is the first big ECM deal of the year.

AFR interim profit season calendar and results 2026

Follow the February reporting season as it unfolds here, with dates for all the major ASX companies on the schedule and links to our expert coverage.

Volkswagen presents its self-driving car at the Munch auto show last year.

Volkswagen bids to dominate self-driving cars in fight for survival

The German carmaker plans to launch driverless taxis in Europe next year, after a Los Angeles launch with Uber.

Rent-a-partner prices have jumped for this year’s Lunar New Year.

Thrifty young Chinese are splurging on one modern necessity

China’s rent-a-partner market is booming this Lunar New Year holiday, as young singles pay thousands of yuan to dodge marriage pressure from their families.

‘Get set for raisings, buyouts’: top banker’s call on property stocks

Australia’s listed property sector has grown strongly and is now the second biggest globally. That is registering on the radar of investors around the world.

Is Donald Trump about to ‘rain destruction on Iran’?

If last-ditch talks fail to reach a diplomatic breakthrough, the US president could unleash massive American firepower on Iran after days of threats.

EARNINGS SEASON

Super Retail CEO Paul Bradshaw said outdoor gear brand Macpac had strong like-for-like sales momentum, but gross margins were hurt by clearance sales earlier in the half.

At Rebel Sport, crime wave shows no sign of easing

From gated entrances to staff wearing body-cams, the sports clothing and equipment retailer is trying everything to protect its stock from thieves.

Lynas processes rare earths at its facility near Kalgoorlie.

Lynas cashes in on Trump’s critical minerals drive

Global demand for the rare earths critical to the defence industry has flowed through to the WA miner’s bottom line, but shareholders will miss out on a dividend.

Founder and chief executive Jamie Pherous’ exit last week came just over five months since trade in Corporate Travel shares was halted.

Corporate Travel admits scandal has hit customer renewals

Shares in the company have not traded since August last year as it continues to investigate just how deep its refund scandal runs.

Weight-loss drugs drive double-digit Chemist Warehouse sales

The popularity of the medication is boosting sales in hair and beauty products at the pharmacies giant, and a new oral version will drive demand even higher.

Qantas puts loyalty at centre of its new flying ambitions

The airline will make it easier for travellers to earn sought-after status credits and move up tiers to keep customers from switching to rival loyalty programs.

The Fin.

James Thomson and Paul Smith on the ‘SaaSpocalypse’ and why financial markets are suddenly spooked about AI and software companies.

Listen to The Fin podcast now

Companies

Cleanaway Waste’s Mark Schubert Schubert operates a complex business with many moving parts.

Cleanaway external review finds ‘no systemic’ failures despite 8 deaths

Cleanaway has lifted its full-year earnings guidance, even as the waste giant defends its safety record following a string of fatalities.

Coles’ lead barrister, John Sheahan KC, and barrister Sahrah Hogan walk to court last week.

Price increases were 'initiated by suppliers', Coles tells court

Coles argues the ACCC’s focus on grocery prices should be centred on what they were after supplier cost increases were factored in, not before.

Killara Feedlot has sold to AMG.

Australian Meat Group snaps up cattle feedlot for $195.8m

Elders has offloaded its 1402-hectare Killara Feedlot, which it has owned for around 30 years, and has plans to use the sale proceeds to pay off debt.

BlueScope Steel chief executive Tania Archibald took the helm of the company on February 1.

BlueScope Steel rebuffs Stokes and bid partner, but leaves door open

The steel maker says the SGH and Steel Dynamics’ offer was effectively only $31 per share. But the board is prepared to talk if the bidders are open to lifting it.

Tabcorp’s live betting puck to enter NSW pub scene

Gillon McLachlan’s new live betting product, tap in play, is expected to be rolled out this year.

Hong Kong’s metro giant wants to help develop Sydney transport sites

MTR Corporation chief executive Jeny Yeung says running public transit systems and developing the land around stations makes it easier to be sustainable.

DroneShield aims to pass ‘front page test’ after sales surge

Chief executive Oleg Vornik says his controversial November share sale, which triggered a governance crisis, did not reflect his views on the company.

SPONSORED

Markets

Local shares are poised to open higher.

ASX ends at fresh record; Qantas tumbles, DroneShield rockets

Bourse ends at a record high for a second day; Qantas falls on demand concerns; DroneShield secures $21m contract; BHP closes at fresh high; Cettire shares sinks 25 per cent. Follow live.

Rajiv Jain has compared the euphoria in tech stocks to the ‘dotcom bubble on steroids.’

Inside GQG’s team of ex-journos that turned the tide on tech

A team of six former investigative journalists played a crucial role in Rajiv Jain’s high-stakes bet against the AI trade.

US tech stocks rallied on Tuesday (Wednesday AEDT). But investors aren’t convinced that the threat of a deeper software sell-off, driven by fears of AI disruption, is over.

Reprieve for tech investors as stocks rally, but can it last?

Jittery markets are weighing whether a relief rally in software companies is a big buying opportunity or a temporary jump before a deeper sell-off.

Rate rise risk for March looms large after inflation surprise

Bond yields have climbed and the Aussie dollar is up as traders ramp up bets that the Reserve Bank will be forced to act sooner than many economists expected.

Aware Super opens door to Origin Energy in net zero reset

The $230 billion super giant is abandoning its restrictions on carbon-intensive companies just as rival funds are being scrutinised for greenwashing.

Opinion

The economic case for a ‘sin tax’ on social media

We did the maths to prove social algorithms can be addictive. Like cigarettes or carbon, a tax on algorithms could be the key to breaking the digital arms race.

Economics professor

Richard Holden

A truly sustainable NDIS must stop autism creep

The obvious sensitivities around disability and mental health accentuate the political challenge of scaling back the insurance scheme.

Editorial

The AFR View

Speech reveals cracks in the world according to Trump

The president’s State of the Union address reflected Republican concerns they are on track to lose control of Congress in November.

It’s time we took Pauline seriously

One Nation is polling at 30 per cent as voters abandon the Coalition. It’s a sign that the Western shift toward consistent, raw conviction has reached Australia.

Leadership coach

Louise Mahler

The AI productivity boom is not here (yet)

Artificial intelligence is improving fast and investment has been vast, but there is scarce evidence the technology is driving real productivity gains.

The Economist

Contributor

Big Build scandal exposes IBAC’s fatal flaws

Victoria’s Independent Broad-based Anti-Corruption Commission is the country’s weakest watchdog. It lacks the teeth to bite the hand that funds it.

Integrity expert

Catherine Williams

Reports

Motoring: The road ahead

How electric vehicles are travelling, China’s rise to car-making powerhouse, what’s new in Formula 1 – and where all the small cars went.

  • Chinese company BYD has gone from zero to being our sixth best-selling brand in just 3½ years.

    New car buyers set to win from global market shake-up

    As China continues to gain market share and fully electric vehicles struggle to win over Australian drivers, the automotive industry faces uncertain times.

  • Rushin Patel is photographed next to his BMW iX xDrive50, at his home in Brisbane

    Uncomfortable reality of luxury EV resale value

    Prestige brands face competition from new electric vehicle makers touting similar technology at lower price tags.

  • Oscar Piastri during qualifying for the 2025 Formula 1 Grand Prix in Melbourne.

    Big Formula 1 rule changes face first test at Australian Grand Prix

    The regulation overhaul makes cars shorter, narrower and lighter and could have a major impact on who crosses the line first.

  • Advertisement

    Politics

    Tame led the controversial chant in Sydney earlier this month.

    ‘Spare me the condescension, old man’: Tame fires back at PM

    Watch live: Senate hearing on Triple Zero outage hears of “terrible” calls; Grace Tame dismisses PM’s apology after he labelled her “difficult”. Follow live.

    Senator Jacqui Lambie has slammed the current GST arrangement.

    ‘Shameful episode’: Poorest and richest states square off in GST spat

    MPs from Australia’s poorest state are upping the pressure for an overhaul of the GST distribution, arguing the current arrangement was designed to win seats in WA.

    The ill feeling between the Commonwealth and the states is also being fuelled by the reluctance of the states to lift their share of funding for the NDIS.

    Why a $10b autism bill is forcing a rethink of the NDIS

    The number of older children and adults being diagnosed with it under the National Disability Insurance Scheme is surging, costing taxpayers far more each year.

    Treasury examines 33pc CGT deduction

    A reduction in the capital gains tax deduction from 50 per cent to 33 per cent is being worked up by Treasury. But will it raise enough revenue?

    Bullock says patience needed on inflation as rate calls get tougher

    The Reserve Bank governor says the improving economy and tighter labour market is posing a different challenge for the central bank.

    World

    President Donald Trump

    Trump to summon Amazon, Google, Meta chiefs over data centres

    The president said he had negotiated a deal with tech giants to cover the energy costs of centres, but offered few details. Now he’s asking them to sign pledges.

    Epstein files missing records of woman who claimed Trump abused her

    The revelation came amid further fallout from files related to sex offender Jeffrey Epstein: Larry Summers quit Harvard, and Bill Gates admitted to two affairs.

    The US has been building a large naval presence in the Middle East.

    Australia tells families of diplomats to leave Israel, Lebanon

    Voluntary departures have been offered to dependants of diplomats in the United Arab Emirates, Qatar and Jordan amid a “deteriorating security situation”.

    The moment that showed Trump’s a master political operator

    In his marathon State of the Union address, the president was energised and engaged. He kept his jokes tasteful - and he showed up his Democratic rivals on key voter issues.

    US tariff rate to hit 15pc or more for some nations, trade rep says

    US Trade Representative Jamieson Greer said some tariffs would rise but did not give any details about which countries would be affected.

    Property

    ‘Pie in the sky’: First home buyers shut out of market in all Australian cities

    Sydney’s entry-level house price has surpassed $1 million and analysts are criticising Labor’s scheme for contributing to the huge price growth.

    Fund manager Centuria lifts guidance amid agricultural push

    The ASX-listed fund manager has hit close to $22 billion in funds under management, its highest total yet. Diversification is key to its strategy.

    The $1.9bn Mirvac- and ART-owned 39-hectare industrial and enterprise precinct, SEED, in the Western Sydney Aerotropolis is the first planned development in the Western Sydney Aerotropolis to secure State Significant Development approval 

    Mirvac gets approval for $1.9b Western Sydney Airport hub

    The first stage of the joint venture with superfund ART, which will start completing next year, will help shift Sydney’s centre of economic activity west.

    AFL club secretly buys 26 houses ahead of $250m development

    Port Adelaide, chaired by David Koch, quietly acquired houses over three years surrounding its training ground, Alberton Oval, and has a loan from the AFL.

    Ryan Stokes sells $23.5m Gold Coast beachfront site to luxury developer

    The SGH chairman has sold his Palm Beach block to Graya’s Rob and Andrew Gray, despite gaining DA approval for luxury apartments.

    Advertisement

    Wealth

    Venus Behbahani faces claims of tampering evidence.

    Real Housewives star denies criminal claims of falsifying evidence

    The case between billionaire Alex Waislitz’s partner and her sister was interrupted after a tense exchange about whether the ex-TV star altered text messages.

    It’s time to act on super’s harmful mislabelling problem

    Look past the “balanced” tag to ensure your super is invested in a way that aligns with your risk tolerance and retirement timeline.

    ATO targets 93,000 SMSFs in $1trn sector crackdown

    One in seven self-managed superannuation funds don’t file tax returns on time, exposing a key problem for the ATO’s oversight of the fast-growing sector.

    Technology

    Samsung’s new privacy phone lets you hide in plain sight

    The new screen on the Galaxy S26 Ultra can be viewed only by the phone’s owner, not by people nearby.

    AI slop has found its way to LinkedIn.

    AI slop replaces corporate spin as execs get it wrong on LinkedIn

    If there’s an upside to the proliferation of artificial intelligence in online posts it’s a new game – bullshit bingo.

    Chuck Robbins says the global software sell off is overblown, but companies will need to evolve fast to survive.

    ‘Prepare for the worst:’ Cisco CEO warns AI will mirror dotcom crash

    Chuck Robbins has a unique view as a giant of both the AI infrastructure and software markets, saying the current sell-off is overblown, but plenty won’t survive.

    Work & Careers

    Y###
AFR. BOSS MAGAZINE. Chief Executive Officer of Queensland Airports Limited Amelia Evans at the Gold Coast Airport

    How life changed for this CEO when private equity took over

    Queensland Airports chief Amelia Evans always thought she’d be an accounting firm partner. “That was my life. I was set.” She recalls. Only she wasn’t.

    Being ‘nice’ usually costs you at work. Could those days be ending?

    Research shows being agreeable has traditionally carried a major lifetime pay penalty, but artificial intelligence might start to change that.

    Advertisement

    Life & Luxury

    Polperro chenin grapes.

    Chenin blanc was once a workhorse. Now it’s refined

    Victoria is known for its white wine varieties – but this summer, a new grape is taking table stakes.

    Lebanese Australian artist Khaled Sabsabi will be exhibiting at this year’s Venice Biennale.

    Sacked, then rehired. Now rare Venice honour for Khaled Sabsabi

    He almost did not appear in the Venice Biennale at all. Now the western Sydney artist will be shown at the “arts Olympics” not once but twice.

    Uniqlo used to be good. Now it’s great

    The Japanese brand’s new creative director Clare Waight Keller is bringing her high fashion pedigree to the $25 billion-dollar brand.

    Oscar Piastri during qualifying for the 2025 Formula 1 Grand Prix in Melbourne.

    Big Formula 1 rule changes face first test at Australian Grand Prix

    The regulation overhaul makes cars shorter, narrower and lighter and could have a major impact on who crosses the line first.

    A Singapore Airlines premium economy seat comes with calf and footrests and a generous recline. Book the Cook meals are available.

    Is it better to fly premium economy or choose a budget business seat?

    When a trade-off is required, these are the best cheaper options for sleep, entertainment, one-stop and multi-leg flights.

    Most viewed

    From the gallery