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This Month

Virgin Australia is set to add Qatar Airways to its stock register.

Qatar Airways approaches the landing strip on Virgin Australia stake

The deal, expected to be finalised within days, comes nearly 1½ years after Bain Capital delayed a billion-dollar public listing of the Australian airline.

  • Updated
  • Sarah Thompson, Kanika Sood and Emma Rapaport

August

Australia can’t afford any more delays in the build-out of new generation and transmission without risking blackouts, AEMO said.

Power market ‘beginning to fail’, energy users say

Manufacturers say forecasts for slower EV uptake are a short-term reprieve and that the regular use of voluntary usage cutbacks shows the market isn’t working.

  • Angela Macdonald-Smith
The power system remains under pressure despite trimmed forecasts for demand.

Pressure on power grid eases as EV uptake falters

The Australian Energy Market Operator also cited softer economic growth and the bigger size of rooftop solar systems for the cut in forecast demand from the grid.

  • Angela Macdonald-Smith and Ben Potter
People board the Bibby Stockholm immigration barge in England, part of a contract for Corporate Travel Management.

Corporate Travel shares dive after earnings miss

UK refugee contracts failed to materialise, sending the travel booking company’s earnings spiralling.

  • Ayesha de Kretser
Commonwealth Bank was the first to reduce the rate on almost all its term deposits.

Big banks pre-empt RBA move by cutting rates on term deposits

Intense competition for deposits has benefited savers but squeezed bank margins. The cuts come well before most expect the RBA to drop the cash rate.

  • Lucas Baird
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ASX chairman Damian Roche is resisting calls for his resignation.

The ASX’s legal mess reveals deep-rooted problems in boardrooms

Court action against the ASX over its bungled CHESS replacement project reflects a worrying escalation in the box-ticking, compliance culture inside Australian boardrooms.

  • Updated
  • Tony Boyd
Gabriel Jakob in his office in Sydney.

This immigrant quietly made $550m. He has tips for making $1b

Gabriel Jakob is one of the most successful Australian entrepreneurs you’ve probably never heard of. Now he’s telling his story, but not posing for a full photo.

  • Yolanda Redrup
Anthony Albanese during question time on Monday.

Labor facing internal backlash on gambling ads

Communications Minister Michelle Rowland is facing growing backbench pressure to introduce a total ban on gambling advertising.

  • Ronald Mizen
Health Minister Mark Butler faces the thorny issue of approving insurance premium rises ahead of an election.

Pressure for health premium overhaul in election headache for Albanese

The influential medical lobby is demanding an independent umpire to determine how high insurance premiums can rise as negotiations over the next increase begin.

  • Michael Smith
Domain CEO Jason Pellegrino.

REA’s success exposes shrinking Domain

The growth engine for Nine Entertainment, property classifieds platform Domain, has not been firing – and is losing ground to News Corp-controlled REA Group.

  • Sam Buckingham-Jones
Australia’s ambassador to Ukraine Paul Lehman.

Australian ambassador shared work space with TikTok and a dog trainer

Australia’s ambassador to Ukraine worked out of a WeWork building in Warsaw amid fears Russian missile attacks make it too unsafe to go back to Kyiv.

  • Andrew Tillett
It’s not a gun: DroneShield chief Oleg Vornik

DroneShield: a capital markets plaything or the real deal?

Even as sceptics question its valuation, the drone detection and jamming group has a near $1 billion market capitalisation.

  • Jemima Whyte

July

One of the investors in an NDIS housing fund run by ASR Wealth.

Domacom fund suspended from accepting new money after NDIS closures

Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.

  • Updated
  • Jonathan Shapiro
Peak Rare Earths executive chairman Russell Scrimshaw.

Chinese rare earths giant looks to set up in Australia

Shenghe wants to expand into Australia despite strong government opposition to Chinese investment.

  • Updated
  • Brad Thompson
Warehouses at 44 Clunies Ross Street, Prospect. Some have been constructed and others are new and under construction.

Union sparkies spare Cbus-backed builds from work bans

Developments in western Sydney are running months behind schedule due to industrial action at Endeavour Energy. But two projects seem to be exempt.

  • Campbell Kwan and David Marin-Guzman
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A Singapore Airlines aircraft at Changi Airport.

The ups and downs of flying business on Singapore Airlines

Great food and privacy in a large bed – if you can find a spot for your feet.

  • Ingrid Fuary-Wagner
Nina Merrilees lost $11,600 to a scammer claiming to be her and Mick Merrilees’ daughter.

Nina lost $11,600 to a scam. Bendigo Bank won’t help her

When Nina Merrilees was scammed in 2022, she was shocked the banks didn’t help her. New research shows most Australians think they should have.

  • Hannah Wootton

‘Give her a go’: New judge blasts ‘painfully slow’ progress for women

Jane Needham blasted the “painfully slow” progress of women in law and urged barristers to consider briefing “that young woman who went to a school you haven’t heard of”.

  • Michael Pelly
You wouldn’t expect a former ASIC executive to be scammed, but Karen Chester’s experience shows how vulnerable everyone is.

This ASIC boss was scammed. She has a warning for you

When Karen Chester bought shoes in a sale last month, she did not expect to be scammed. The fact she was shows the urgent need for reforms.

  • Hannah Wootton
A reduced appetite by some of the major banks to lend to indebted businesses and to commercial real estate has created an opening for private credit.

Private credit jumps 45pc in five years and is threatening banks: Citi

Risk-averse major lenders have created a “structural” change in the market by staying away from indebted companies and commercial real estate, analysis says.

  • Updated
  • Aaron Weinman