@FinancialReview

For 70 years, The Australian Financial Review has been the authority on business, finance and political news in Australia.

 Australia
afr.com/
Joined January 2009
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13.9KMedia
Treasurer Jim Chalmers has announced a small package of measures he claims will reduce red tape in the financial sector. ebx.sh/N7yfWm

Chalmers lifts bank bond caps in $780m productivity push

The government’s deregulation efforts come as inflation and interest rate pressures strain global fiscal debt and the government’s own economic forecasts.

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Tighter procurement rules have entrenched Australia’s position as one of the OECD’s most restrictive jurisdictions for foreign investment. ebx.sh/sPa56f

Australia ranks behind 90 nations for foreign investment hurdles

Business is calling on the government to ease restrictions on foreign investment after the OECD called out new procurement rules that favour local businesses.

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Stagnant productivity, political polarisation and government indebtedness are driving turmoil for investors. But as Macquarie strategist Viktor Shvets tells Chanticleer, breaking the cycle remains unlikely in the near term. ebx.sh/4NIZIe

‘Fear and confusion’ just seized global markets. Here’s why

Investors and central bankers are waking up to the fact world leaders and business heavyweights will no longer act in the “rational” ways markets expect.

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Can the billionaire businesswoman succeed where others have failed by taking on Australia’s powerful airline duopoly, Qantas and Virgin Australia, with her own budget carrier? ebx.sh/zVxvdp

No-holds-barred Vietjet founder Madame Thao sizes up Qantas and Virgin

The Vietnamese carrier has conquered its own turf and much of Asia. Now it wants to try its luck in Australia, even as it confronts a host of problems.

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Satellite imagery reveals the secretive military facility has commenced one of the largest expansions in its 60-year history. ebx.sh/OiY72T

Major expansion under way at secretive military base Pine Gap

Satellite imagery showed the site is in the midst of one of its largest changes in its 60-year history, although the nature of the works remains under wraps.

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When Swiss doctors discovered three tumours in national affairs columnist Jennifer Hewett's brain, she was told she only had a few months to live. ebx.sh/ii77Z5

From airport queue to sudden diagnosis: Jennifer Hewett on facing brain cancer

The AFR’s national affairs columnist was told she had a few months to live. Then she had her first appointment with a Sydney neurosurgeon.

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Rob De Luca has built a long and winding career, leading some of Australia’s major corporate institutions. Here's what he's learnt. ebx.sh/tf2GX7

The piece of advice that saved this $1.3b CEO from burnout

McMillan Shakespeare chief Rob De Luca has had a long and winding career, and has come to think about leadership as a bit like being a parent.

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The federal government will release draft regulations to raise caps on bank covered bond issuance in a move aimed at improving competition in the sector. Read more on our live blog: ebx.sh/m2qNIf
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Snowy 2.0 is among the largest infrastructure developments in Australian history, but blowout costs and major delays have raised questions about the project’s viability. ebx.sh/vixaeP

How Australia’s biggest green project became a $25b nightmare

The huge Snowy 2.0 hydro project is massively delayed and over budget – but its supporters say it will all be worth it in the long run.

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Snowy 2.0 is one of the biggest and most complex projects undertaken by the federal government. ebx.sh/Zr801S

Snowy 2.0 price tag soars to $25b, 10 times initial estimate

The project is one of the biggest and most complex undertaken by the federal government, and was first proposed by then-prime minister Malcolm Turnbull.

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As buyers retreat and developers come under pressure, the push to make housing more affordable risks making the homes Australia desperately needs even harder to build. ebx.sh/ZbH5Pa

Something vital is breaking in housing. This 71pc plunge proves it

Data from Mirvac and Stockland show Labor’s tax changes and rate hikes have created a perfect storm that is now damaging the very thing that will solve housing affordability.

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Australia faces a choice. It can either drift into a divided nation with stagnant real incomes or make the tough decisions required to lift productivity, writes economist Ed Shann. ebx.sh/jwYV3K

Albanese-Chalmers have sent economy in opposite direction of Hawke-Keating

Australia can either drift into a divided society with stagnant real incomes or make the difficult decisions needed to lift productivity and restore growth.

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A Department of Finance review says KPMG must undertake sweeping governance and culture reforms before it can bid for government contracts again. ebx.sh/sCTgC1

KPMG ban on government work extended until February 2027

The firm should not be trusted to undertake federal work until it proves its promises of cultural reform are more than just words, a review by the finance department said.

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Business owners in Paris have turned to sleeping in their stores and hiring private security guards as they prepare for a fresh wave of protests. ebx.sh/x99KOk

Sleeping in their shops. Paris braces for anarchists and criminals

Business owners hit in last week’s protests are concerned extra police and security may not protect them, as they prepare for another wave of violence.

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The 184-room, four-star hotel, located on the family's former farmland, will feature an Italian-inspired restaurant, bar and pool. ebx.sh/wsI8F5

Billionaire Perich clan to open its first hotel in Sydney’s south-west

The billionaire dairy farmers and property developers have added a hotel to the farmland they have turned into a new suburb. Another isn’t out of the question.

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The billionaire businessman hopes to transform the 12.7-hectare site into a commercial, retail and residential precinct, featuring a boutique hotel, apartments and a sports club. ebx.sh/AM041q

Pub baron Mathieson lays out $800m plan to build hub outside Brisbane

While the billionaire is best known for his big role in the pubs sector, including as a major Endeavour shareholder, he is a large developer in his own right.

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A new survey reveals that 65 per cent of Baby Boomers have gifted a sum of $10,000 or more to a child or grandchild. ebx.sh/XnzUzX

Survey reveals the sums wealthy parents give kids for house deposits

With 65 per cent of Boomers playing bank of mum and dad for homes, degrees, and living costs, a survey reveals what’s being gifted – and why advisers say it takes careful planning.

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A former accountant has launched a high-stakes legal challenge, claiming the ATO commissioner owed him a duty of care after he was harassed and terminated for blowing the whistle. ebx.sh/bL60Mj

ATO claim could change everything for whistleblowers

An accountant who dobbed in his employer is arguing that regulators owe a duty of care to whistleblowers. It’s a radical argument – and it just might work.

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The former soldier and accused war criminal gave his all in a bravura attempt to hit back at allegations against him – while spruiking his new clothing brand. ebx.sh/0r10kQ

2GB listeners ‘eyes leaking’ as everyman BRS gives show of his life

The former soldier and accused war criminal gave his all in a bravura attempt to hit back at allegations against him – while spruiking his new clothing brand.

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The furniture retailer says sales orders have fallen 15 per cent in the past half-year, as challenging economic conditions continue to weigh on consumer spending. ebx.sh/1EYdCX

Nick Scali flags profit drop after taking hit from housing downturn

The furniture retailer said sales fell 15 per cent while store traffic dropped 10 per cent during the three months to September 30.

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