Stagflation risks leave Australian market trailing global peers

Topic World Health Organisation Australian Financial Review

Catch up on the news of the day and unwind with great reading for your evening. Grab a quick bite of today’s latest news from around the region and the nation. Today’s top stories curated by our news team. James Packer’s audacious split of his gaming empire aims to solve two major problems for the listed Crown Resorts entity. Only Tangalooma Island Resort offers you Brisbane’s closest whale watching day cruise, plus the opportunity to enjoy island life for the day, and night if you stay over.

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  • The review needs to give investors a greater say in how the regime is tied to company profits, Sandon Capital founder Gabriel Radzyminski says.
  • Plans by Crown Resorts to a spin-off of five hotels into a new trust would create a listed vehicle holding about $2 billion worth of property.
  • Former competition watchdog chief Graeme Samuel says executives would learn more about governance reading APRA’s report on CBA than doing the company directors course.
  • The Australian Financial Review ESG Summit 2025, where Australia’s top leaders shape the future of responsible business in an era of rising scrutiny and accountability.
  • The poker machine supplier told investors on Monday that its major shareholder, Novomatic, would acquire the 47.1 per cent of shares it did not already own.

Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market. A strategic review is infuriating some investors. Read everything that’s happened in the news so far today. The son of the company’s billionaire founder has commissioned valuations that he says show properties owned by the business are worth 40 per cent more. Heavyweight investors including Allan Gray and Spheria Asset Management say they will vote against the proposal from the company’s largest shareholder.

Stagflation risks leave Australian market trailing global peers

Meet the accidental hoteliers who are responsible for some of the most beautiful new places to stay on the island of Menorca and the Balearics. Shares in Life360 tumbled after the company revealed a series of technical glitches stopped it from reaching its app download targets in the first quarter. A 10-minute set-up for automated deposits and sustainable spending buffers prevent minor financial lapses from derailing long-term prosperity. It seems the archdiocese is on a selling spree, putting at least its fifth property on the market in the past 12 months. The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home. The Western Australian government is now spending more per head of population than debt-ridden Victoria.

Anika Wells has repaid $10,116 to the public purse for four taxpayer-funded trips, which included $8093 in expenses and a $2023 penalty. April has been working as a journalist for 10 years and has worked in Australia, Scotland and England for magazines and newspapers and as a digital journalist. Your digital replica of Today’s Paper.

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The Viva Energy oil refinery in Geelong, Victoria suffered damage in an explosive fire which began about 11pm yesterday, real money payid pokies in australia  with production output expected to be slashed to “minimum rates” following the blaze. Emergency services were called to Karreman Quarries on West Mount Cotton Road in Sheldon about 2.20pm yesterday following reports a man had been critically injured in a forklift incident. The Forensic Crash Unit is investigating after a Nissan Navara utility hit the child while turning right onto Toohey Street in Caboolture, Moreton Bay, about 6.47pm yesterday. It has been almost a year since Byron, 23, was found at the bottom of a plunge pool while on holiday in Indonesia. Russell Frajman, 65, had been attempting to remove the customer from his pharmacy on Fitzroy Street in St Kilda about 12.47pm yesterday, when he was subjected to a vicious attack. Bishop reportedly tendered her resignation to the university and Albanese government last night seven months before her tenure was due to expire in December.

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Crisis support services are so stretched that some victims never receive a response, an expert review has told the government. On Friday, the national cabinet will consider urgent responses to violence against women and children, following a review delivered in August. The businessman resigned as chairman of Australian Community Media at the weekend after being charged by Victoria Police with assaulting a woman late last week.

The review needs to give investors a greater say in how the regime is tied to company profits, Sandon Capital founder Gabriel Radzyminski says. The country’s major developers say the lack of tax relief in the Victorian and West Australian budgets has made federal government measures more pressing. Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down. The poker machine supplier told investors on Monday that its major shareholder, Novomatic, would acquire the 47.1 per cent of shares it did not already own. Over 5300 people at multi-billion dollar software giant Canva’s global workforce have joined the company’s second-ever “AI Discovery Week”.

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The royal commission into antisemitism has been told the Jewish community feels ‘exhausted’ by the hypervigilance required to navigate their daily lives Queensland’s only pumped hydro project under construction is delayed, adding further pressure to the state government’s energy plans. The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. Every argument being made now and in the next few weeks could have been made before the last election – and carried.

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Plans by Crown Resorts to a spin-off of five hotels into a new trust would create a listed vehicle holding about $2 billion worth of property. James Packer could boost his stake in Crown Resorts by up to $1.7 billion if investors back a break-up of the casino group. Act fast if you’ve had your personal or financial information stolen.

The pokies giant said on Monday it had known about the overseas criminal investigation since 2019, but the board determined it did not need to inform the ASX. Harald Neumann has abruptly pulled his application to be approved in the gambling mecca, with his position now under review by the poker machine manufacturer. A blistering 90-minute interrogation by Las Vegas’ gaming regulator accused the gaming chief executive of being hostile, arrogant and misleading. The Nevada gaming regulator had accused Ainsworth Game Technology’s chief executive of being hostile, arrogant, and misleading.

Moody’s says James Packer’s spin-off plan creates Crown Resorts cash crunch

The Sydney pokies and pub billionaire has fought off a legal challenge that tried to reduce the number of gaming machines in two of his Alice Springs hotels. States and territories will review information-sharing systems and alcohol laws under an agreement for urgent action. There are the men who perpetrate financial abuse, but there are also the platforms which have for too long been unprepared to confront the damage they facilitate. Only a week after the club played a “respect” game for gender equality, new data shows its reliance on revenue that experts say is linked to relationship abuse.

A top consultant says the government’s Climate Active program is no longer part of corporate decarbonisation plans. Former competition watchdog chief Graeme Samuel says executives would learn more about governance reading APRA’s report on CBA than doing the company directors course. A battle over how to treat childhood obesity is brewing between two groups who each believe their approach has young people’s best interests at heart. Details of Labor’s $8.5 billion signature election policy will be announced on Friday. Labor is considering advice to subsidise weight-loss drugs for obese people with heart disease, but doctors say more people need access to cheaper treatments.