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Is your business transforming? We are seeking the region’s most sustainable companies.

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Musk makes billions from China. How will that work now?

Elon Musk has a relatively long and very profitable history doing business with China. And he’s likely to want to keep it that way.

Can Dutton pull off a victory like Trump?

The Republican’s appeal to blue-collar battlers is a template the opposition leader seems determined to follow. But will it work?

Prime Minister Anthony Albanese greets US President Joe Biden at APEC Leaders’ Informal Dialogue on Friday (Lima time).

Opposing Trump’s tariffs not about picking sides: Albanese

Anthony Albanese says his opposition to plans by Donald Trump to start a trade war with China was about standing up for the Australian national interest.

Eleven stock tips from Sohn to get you through 2025

Presenting in Adelaide on Friday, top investors pitched their ideas for how to make big returns from the sharemarket over the next 12 months.

Swan says Cbus board was not too slow on payouts. ASIC disagrees

Breaking his silence on the customer service scandal engulfing the industry super fund, the chairman and Labor powerbroker said many criticisms this week were “completely inaccurate”.

Banks face new levy to keep rural branches open

Banks would pay a levy of up to tens of millions dollars each a year if they fail to keep a large enough presence in regional and rural areas.

Palmer set to challenge Albanese donation plans in court

Labor designed its plan for new political donations rules to withstand a constitutional challenge, but the billionaire miner says it is designed to rig elections.

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SMART INVESTOR

Owen Hereford is determined to raise his three daughters Grace, Elizabeth and Bella without a sense of entitlement.

Signs you’re raising entitled brats (and how to avoid it)

Keeping children grounded and helping them understand the value of money is a perennial problem for wealthy parents. This dad reckons he has the answers.

Since your wife is over 65, she can start a pension at any time but will need to withdraw 5 per cent of the balance each year.

We have $5m in super as a couple. How can we contribute more?

The maximum amount of super that can be transferred into a tax-free pension account is $1.9 million, although investment earnings can grow the balance without penalty.

If a member of a super fund dies, the death benefit payable on their death can be received tax-free by only their dependants.

Why more retirees might dodge the death tax on super

Forcing people with superannuation balances above $3 million to pay more tax will give rise to a range of new strategies.

This super loophole can create tax-free money for the kids 

There has been a surge in the number of people using so-called recontribution strategies, which allow older Australians to wash tax from super inheritances.

‘I’m worth millions but I still fret about money’

Money mindsets are established early in life and can lead to poor financial decision-making, but there are ways to reframe your approach.

Weekend reads

Former global head of entertainment at TikTok, Felicity McVay, has become a vocal advocate for a hard ban on children under 16 using social media.

Why this former TikTok executive wants a strict social media ban

TikTok hired Felicity McVay to convince Disney, Universal and the AFL to use the platform more. Now she’s campaigning to get children off it.

Jacquelina de Jong, pictured at her home in Sint Maarten, was introduced to social media by her parents as a snowboarding prodigy. Now 18, she has seen the dark side of the internet and turned a profit from it.

For some under-16s, social media has been a meal ticket

As the Albanese government proposes a social media ban for under-16s, a New York Times investigation uncovers the controversial world of adolescents monetising photos of themselves online.

Palestine supporters march through Amsterdam. It looked a bit like a standard outbreak of European soccer hooliganism. It also looked and sounded a lot like a pogrom.

The meaning of Amsterdam’s ‘Jew Hunt’

Recent street violence in Amsterdam reveals profound changes in how the left and right deal with antisemitism. For European Jews, it’s a strange new world.

How long can Elon Musk last as America’s first buddy?

The world’s richest person may now be the single most influential figure in the Trump White House. But will the new bromance last?

Can Dutton pull off a victory like Trump?

The Republican’s appeal to blue-collar battlers is a template the opposition leader seems determined to follow. But will it work?

Companies

Health insurers warn of closures without 6pc premium hike

Health funds have asked Labor to allow big premium rises as the amount they charge policyholders is not keeping pace with healthcare inflation.

Chris Ellison.

MinRes flags role in related-party rent relief scheme

The beleaguered miner sought $158,000 repayment from companies linked to the daughter of billionaire founder Chris Ellison.

Santos CEO Kevin Gallagher is under fire over the company’s road map to reach net zero emissions by 2040.

Santos’ own director queried use of ‘clean’ definition: ACCR

Then-director Peter Hearl’s querying of the company’s use of the word “clean” exemplifies how readers of its climate report have been misled, Federal Court hears.

Hailing shareholders: Lendlease’s outgoing chairman Michael Ullmer, left, CEO Tony Lombardo and incoming chairman John Gillam, right, at the start of the company’s AGM on Friday.

Lendlease avoids ‘second strike’ in crucial AGM showdown

The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.

Why the outback could become home for Asian data centres

Paddocks in the middle of Western Australia could become home to a new kind of shed: high-tech data centres offering computing power to cities throughout Asia.

Moody’s downgrades Macquarie’s UK water company to junk

The ratings agency said Southern Water’s poor performance made it especially vulnerable to political, regulatory and financial pressures on the wider sector.

The $45m MinRes property deal – with the Ellisons on the other side

Investors in the iron ore and lithium miner would have had no idea that MinRes’ joint venture partner in a big Perth real estate play was the company’s founder.

Companies in the News

Search companies

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Markets

The New York Stock Exchange.

US stocks slump on Trump trade rate-reality check

The Nasdaq paced losses as Amazon, Meta and Nvidia tumbled after strong retail sales data bolstered the case for the Fed to slow the pace of interest rate cuts.

Nick Moakes of the Wellcome Trust was one of the key speakers at the Sohn conference on Friday.

Trump unifies top investors in decade-long bullish outlook for US

From Howard Marks to fellow billionaire Mike Novogratz, big-name asset managers say the return of Donald Trump to the White House will turbocharge growth.

Chris Kourtis, of Ellerston Capital, says things will improve at embattled fund manager Perpetual.

Eleven stock tips from Sohn to get you through 2025

Presenting in Adelaide on Friday, top investors pitched their ideas for how to make big returns from the sharemarket over the next 12 months.

Powell says no need to rush rate cuts

 Federal Reserve chairman Jerome Powell said the strong US economy has given central bankers room to lower interest rates at a careful pace.

Billionaires gather in Adelaide for Sohn big bash

The major stock picking conference is on tour for the third time in its nine-year history – as the supercar championships also come to the city of churches.

Opinion

Big parties right to set new limits on election funds

But there is still a whiff of self-interest in measures which will clip the wings of well-funded independent disruptors

The AFR View

Editorial

The AFR View

Politicians don’t want migrants but they do need workers

Neither major party has managed immigration well. That has not stopped Peter Dutton from making an election issue out of it.

Laura Tingle

Columnist

Laura Tingle

How to Trump-proof foreign policy

Don’t panic, don’t relax, look for opportunities, and stay close to our other allies. That’s a way to deal with a confronting new Washington.

Rory Medcalf

Geopolitical analyst

Rory Medcalf

Liontown survived the lithium carnage, but can it handle Donald Trump?

After taking a wild ride in lithium over the past year, Liontown Resources thinks it can also adapt to whatever the Trump administration produces.

Why November 5 will not become the Waterloo of wokery

American voters rejected the culture warriors of the left when they picked Donald Trump. But don’t imagine those views won’t still be very powerful in 2044.

Adrian Wooldridge

Bloomberg columist

Adrian Wooldridge

Playing flick the ambassador is an old diplomatic game

If Albanese fails where Turnbull succeeded, and tariffs are imposed, it won’t just be Rudd who will be blamed, but the bloke who gave him the job.

Phillip Coorey

Political editor

Phillip Coorey

Reports

Best Universities Ranking

The AFR Best Universities Ranking celebrates universities that have excelled across four key dimensions; research, teaching, career impact and equity.

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Politics

Prime Minister Anthony Albanese at a business reception Lima, Peru, on Friday AEDT.

Albanese a role model for other Western leaders: China

Anthony Albanese’s opposition to US tariffs on China is an example in strategic autonomy other leaders should follow, says Beijing.

Treasurer Jim Chalmers.

Chalmers warns against Dutton comeback as interest rate hopes fade

Capital Economics became the latest forecaster on Friday to push back their forecast for the RBA’s first cash rate cut beyond the next election.

Prime Minister Anthony Albanese and the President of Indonesia Prabowo Subianto in Peru.

‘America’s loss is Australia’s gain’ if Trump cuts green energy scheme

Any move by Donald Trump to curb the Inflation Reduction Act could drive investment to Australia, says Anthony Albanese.

Victoria’s debt interest bill surges by 28pc

The state’s debt has jumped by $7.4 billion since June and $20 billion in the last 12 months, according to Treasury’s latest quarterly financial report.

Election donation rules target Palmer and Climate 200

New rules due to come into force in 2026 will cap spending in federal elections and dramatically speed up public disclosure rules.

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World

Chinese President Xi Jinping os attending the APEC and Group of 20 summits in South America this week.

Xi defends globalisation as Trump threatens tariffs

In his first major remarks since the US election, Xi Jinping’s message to the APEC summit was that the world was entering “a new period of turbulence and change”.

Donald Trump.

The dark, unspoken promise of Trump’s return

Donald Trump, driven by hostility to civic institutions, is poised to restore the US to a simpler, more orderly past, in which men were men and in charge.

The Kremlin confirmed the exchange, saying Putin noted that any agreement to end the war must take into account Russia’s “new territorial realities”.

Ukraine’s Zelensky slams Scholz’s call with Putin

The German chancellor spoke with Vladimir Putin despite Ukrainian President Volodymyr Zelensky’s objection that it would play into the Russian’s hands.

Gaetz ethics report should be kept secret: Republican leader

Mike Johnson said releasing the report would be a terrible breach of protocol and tradition. “I think that would be a terrible precedent to set.”

Israel pounds area near Beirut amid signs of a widening offensive

Airstrikes on the Dahiya area, south of Beirut, where the militant group Hezbollah holds sway, were the latest in a string of bombings this week.

Property

Melbourne-based investor Patrick Van plans to ramp up his property portfolio ahead of the expected upturn in the city’s housing market.

Why Melbourne’s housing market is primed to outperform all capitals

The city’s improved affordability means it could outperform its peers in the next recovery, experts say.

Buyer who paid $12.1m for Paddington’s prettiest house revealed

Fiona Brown has emerged as the buyer of the home once owned by fashion designer Collette Dinnigan; Sonia Kruger and Craig McPherson officially list in Mosman.

Melbourne’s young and beautiful celebs drive up luxe listings

Young well-heeled Melburnians have put their designer homes in blue-chip locales on offer, as the window for pre-Christmas listings nears its close.

Developers aren’t building apartments – and it’s getting worse

The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.

Goodman suffers first strike against pay despite 75pc return

The industrial powerhouse suffered a 34 per cent protest vote against its remuneration report despite reporting “truly outstanding” FY24 results.

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Wealth

Since your wife is over 65, she can start a pension at any time but will need to withdraw 5 per cent of the balance each year.

We have $5m in super as a couple. How can we contribute more?

The maximum amount of super that can be transferred into a tax-free pension account is $1.9 million, although investment earnings can grow the balance without penalty.

‘I’m worth millions but I still fret about money’

Money mindsets are established early in life and can lead to poor financial decision-making, but there are ways to reframe your approach.

How to build a $9m business from your bedroom

Sam Morton’s company supplies graphics kits for motorcycle owners – and had a big win when iconic British brand Triumph signed him up.

Technology

Hivery co-founder and CEO Jason Hosking started the company after working for Coca-Cola.

‘We gave it everything’: AI start-up calls it quits after raising $60m

Administrators are looking for buyers of the assets of fallen retail company Hivery, which had raised over $60 million from leading VC firms.

Xero chief executive Sukhinder Singh Cassidy last year.

Xero shares hit record despite subscription growth slowing

The company reported a 50 per cent increase in operating earnings over the six months to June 30 and $900 million in revenue.

Richard White resigned as WiseTech Global CEO last month but will remain a consultant to the company.

WiseTech allegedly misled investors over ‘aggressive’ earnings targets

In a new class action, Phi Finney McDonald alleges that shareholders in the software company suffered after it missed earlier profit guidance in 2020.

Work & Careers

Insurance sector head Matthew Curll and eight partners will join UK firm DWF.

Nine partners jump ship from national law firm Hall & Wilcox

Private equity-backed UK firm DWF has raided Hall & Wilcox’s insurance group, adding to a period of instability in the niche practice area.

Why Charlotte says her ‘otherness’ is a cause for celebration

Charlotte Young, who is studying at ANU, has been named the overall winner and rising star (under 25) of the Asian-Australian Leadership Awards.

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Life & Luxury

HX Hurtigruten Expeditions,

10 top luxury cruises to sail away on in 2025

There’s plenty to tempt guests away from relaxing on their cabin verandas as cruise companies offer ever-more immersive, exciting and educational itineraries.

Do you know this week’s news? Answer these 10 questions

Have you been paying attention this week? Test your knowledge across politics, business and world news.

Fan to put Bradman’s baggy green on the market

The cap worn by The Don during the 1947-48 home Test series against India is expected to fetch up to $400,000 at auction.

Donald Trump at a rally in Arizona.

Six signs that you are charismatic

Donald Trump’s got it. Anthony Albanese doesn’t. A candidate’s charisma is a bigger electoral factor than previously given credit for, writes psychologist Pete Quarry.

Reuben Kaye has the best costume.

Jesus Christ Superstar goes Judas Priest in hard rocking return

The generation who grew up with John Farnham as Jesus in the 1992 staging of Lloyd-Webber’s first might be surprised at its heavy metal makeover just opened in Sydney.

From the gallery