PM paves way for US tariff reprieve
The Albanese government has lifted the biosecurity restrictions on US beef, paving the way for the full resumption of exports to Australia and removing the key excuse given by the Trump administration for imposing steep tariffs on its supposed friend and ally. The Fin
ANZ alleged ASIC ‘aggression’ in probe
ANZ raised concerns about the way the corporate regulator was examining claims of alleged bond market manipulation, sidelining the agency’s key. Investigator during the investigation. The Fin
High cost of low productivity projected
Australians are in for a decade of anaemic growth as the mining boom dissipates, unless governments can find new ways to significantly boost productivity, Westpac has warned. The Fin
Grid bottlenecks creating uncertainty
Electrical workers say Australia’s broken planning approval laws are slamming the brakes on productivity and creating uncertainty around the closure of old coal and gas plants by slowing the rollout of new renewables projects. The Fin
Coalition uprising against net zero grows
Sussan Ley is facing a growing Coalition uprising to dump net zero by 2050, with the West Australian and Queensland divisions moving to formally oppose the policy and David Littleproud giving his strongest signal yet that the Nationals could walk away from the pledge. The Aus
MPs privately concede flaws of super tax model
Labor MPs are privately concerned about Jim Chalmers’ controversial proposed tax on unrealised gains in its current form but claim they can see no alternative to fix the budget’s revenue crisis and say the Treasurer has no choice but to push through growing opposition. The Aus
Housing and carbon price policy on table
Jim Chalmers’ economic reform roundtable next month will consider a raft of new housing reforms and carbon pricing mechanisms being pushed by industry, with one of the biggest opponents of the Rudd government’s carbon tax, Housing Industry Australia, still open to changes. The Aus
Raft of charges for accused fraudster
Police expect to lay more charges against a Willetton man who allegedly made a business pay for $500,000 in items and then tried to swindle $1 million from its bank account. The West
Sub leasing shake-up for Rockingham
The Federal Government’s move to change the laws that only Australian serving personnel can live in DHA properties is aimed at taking pressure off WA’s tight housing market once the AUKUS program ramps up at Henderson. The West
Miner fined $1 million years after death of young truck driver
Westgold Resources has been fined almost $1 million over the death of a young worker, with the magistrate saying a message needed to be sent to the industry not to wait for a tragedy before following safety procedures. The West
The Australian Financial Review
Page 5: The Australian Renewable Energy Agency has granted $44.9 million towards a green iron project run by ASX-listed Calix, in addition to the $1 billion the Albanese government plans to spend on cutting the carbon footprint of the nation’s most lucrative export industry.
Page 16: National Australia Bank chief executive Andrew Irvine says he was stung by criticism of his socialising, which drew scrutiny from the board, but defended the way he engages with clients and his leadership style.
Page 16: Jayne Hrdlicka has begun working on resetting Endeavour Group’s strategy some five months before she formally starts at the hospitality giant that owns Dan Murphy’s, BWS and a string of pubs across the country.
Page 17: Woodside Energy will take a $US140 million ($213.5m) profit hit after abandoning a major hydrogen project in the United States, one of the many clean energy investments scrapped after Donald Trump’s re-election.
Page 18: Gold miner Larvotto Resources has added its name to a growing list of explorers initiating capital raises as the yellow metal trades near record highs.
Page 19: The Kariyarra Aboriginal Corporation has lashed out at the Environmental Protection Agency and Northern Star Resources, accusing them of overlooking ecological concerns in the rush to green-light construction of Australia’s largest underdeveloped gold project.
Page 19: Seek will be forced to allow Employment Hero to access its platform after the Federal Court decided it couldn’t block the billion dollar human resources start-up that it has not only invested in but competes with.
Page 24: The Australian sharemarket rallied broadly on Wednesday as traders rotated back into the major banks, snapping a recent losing streak as a trade deal between the US and Japan buoyed investor sentiment.
The Australian
Page 13: Chester Opportunities Fund beat the pack and the market, delivering a stellar 25.4 per cent return over the 2025 financial year to be crowned the top performing equities manager by Mercer.
Page 13: Loss-making consultancy firm Scyne Advisory, the former public sector arm of PwC Australia, has lost 5 per cent of its staff on top of the 10 per cent it axed earlier this year, and received $50m in fresh capital.
Page 15: A class action against Qantas over its handling of Covid-19 flight cancellations is being held up by difficulty accessing documents from the airline revealing what call centre staff were told to tell customers about their refund entitlements.
Page 15: Australian Securities & Investments Commission chair Longo is preparing to sit down with ANZ chief executive Nuno Matos as the regulator finalises its investigation into what happened on the bank’s trading floor when a $14bn government bond sale went down.
The West Australian
Page 9: Three commissioners have been appointed to take control of the dysfunctional City of Nedlands, with sacked mayor Fiona Argyle claiming she has been “rolled by the WA State Government for doing my job”.
Page 9: Perth has entered its longest stretch of continuous house growth in nearly two decades, following its 11th quarterly rise.
Page 18: Perth-based Paladin Energy lost 11.3 per cent of its value on Wednesday despite posting a 33 per cent rise in quarterly production from its Langer Heinrich mine in Namibia.
Page 44: Australia’s corporate sector is facing a “decisive test” from an imminent reporting season that will likely confirm a second consecutive year of weaker profit growth and uncertain dividends.
Page 44: The Reserve Bank of Australia’s two rate cuts this year have encouraged WA consumers to take advantage of end of financial year bargains in June, but one expert warns the retail sugar hit may just be a one-off.
Page 45: Iluka Resources has yanked guidance for one of its mineral sands exports for the next quarter blaming tariff uncertainty, but is optimistic the US Pentagon’s recent swoop on a major rare earths miner bodes well for its own local ambitions.
