Is your organisation driving workplace change? We want to hear from you. Beijing’s biggest bank wanted ‘China rationale’ for mining loans Internal ICBC documents show the Chinese financial giant wrote loss-making or marginal loans to major Australian miners as a way of deepening the relationship. Labor, Coalition migration talks hit dead end The government, the opposition and business have all rushed to condemn One Nation’s immigration policy, saying it could cause a deep recession. Big super loses $47b to SMSFs over four years Gen X and Millennials are driving a massive shift into self-managed super, pushing the sector to a record 680,000 funds holding more than $1.1 trillion. China’s AI concerns split between humanity and tech race with US As Silicon Valley debates slowing artificial intelligence development, Beijing is racing to catch up to its rival. But that hasn’t spared it the same existential worries. OpenAI exec says governments too slow to regulate dangerous AI OpenAI exec says governments too slow to regulate dangerous AI Richard White’s abandoned Aldi supermarket gets sold Muscles, mullets, muesli: A Brit laments London’s ‘Aussification’ 15 minutes with the Boss What this top lawyer wishes he had done early in his career ASX to slip, Netwealth buys Paradino for $29m Australian shares are set for a lower open; US equities extend losses into the closing bell; bitcoin rallies; crude above $US106 a barrel. Follow live. Leaked files reveal the bank serving Beijing’s interest worldwide The documents show how ICBC balances Chinese Communist Party directives with global lending – even setting off its own alarm bells over money laundering. Trump lashes out at Amodei, as AI slowdown call spooks investors Calls from AI titans to hit the brakes on development fell on deaf political ears, but investors were significantly more moved, dumping technology stocks. Need to Know Live Trump declares himself ‘the hoax buster’, rails against AI slowdown Trump says US should be reimbursed for opening Hormuz; Houthis seize two strategic Red Sea islands; Hanson condemned for Indigenous comments. Follow live updates. Jon Adgemis’ big private credit backer finds itself in ASIC spotlight Documents filed with the Federal Court show Gemi Investments has been fighting attempts by the regulator to obtain key documents as part of the review. Pothole death drives home reality of voter fury at government neglect The death of a 71-year-old motorcyclist after he hit a pothole has once again brought to sharp focus the deteriorating state of Victoria’s roads. Harry and Meghan pull children from school after two days over security Transport minister given free Qantas platinum status for life Is this new smartwatch the Goldiclock you’ve been looking for? Reckon death is no laughing matter? Think again Healthscope lenders pocket $400m in Calvary consortium deal Healthscope lenders pocket $400m in Calvary consortium deal NAB calls in McKinsey and KPMG for corporate and insto bank review NAB calls in McKinsey and KPMG for corporate and insto bank review Firmus targets $7b raise in IPO meetings; flaunts $95b contract book Firmus targets $7b raise in IPO meetings; flaunts $95b contract book Haircuts, hedge funds, holy water end Healthscope’s white-knuckle ride Haircuts, hedge funds, holy water end Healthscope’s white-knuckle ride Inside the boardroom switch that has tongues wagging Inside the boardroom switch that has tongues wagging The titans of AI just told us something’s gone very wrong. But what? The titans of AI just told us something’s gone very wrong. But what? Richard White’s abandoned Aldi supermarket gets sold Richard White’s abandoned Aldi supermarket gets sold Dan Andrews’ former treasurer jumps the revolving door Dan Andrews’ former treasurer jumps the revolving door Transport minister given free Qantas platinum status for life Transport minister given free Qantas platinum status for life Breaking news on companies, politics and economics, in your inbox as it happens. Sign up for the newsletter Whyalla steel mill blast furnace fails for good, with 600 jobs to go KordaMentha, which has run the plant since the South Australian government seized it from British industrialist Sanjeev Gupta, is working to find a new owner. Super sector not obligated to solve Australia’s problems: IFM The retirement savings-backed IFM Investors has rejected suggestions that policymakers or the government could direct the $4.5 trillion sector’s investments. Calvary Health Care consortium wins battle for Healthscope A group led by Calvary and backed by David Di Pilla’s HMC Capital and Canada’s Northwest will acquire Healthscope, ending 16 months of uncertainty about its future. Residential property Selling homes online could be cheaper as REA signs ACCC deal The competition watchdog says it is concerned the way realestate.com.au locks real estate agents into contracts that could amount to anticompetitive behaviour. Mark Cutifani says Northern Star a ‘better fit’ after Woodside exit The energy giant’s succession planning to replace Richard Goyder is in disarray after the former Anglo American chief executive quit. Inside ex-Sydney banker Hash Patel’s ‘no losing months’ trading pitch The former Merrill Lynch banker caught up in a US hedge fund collapse had previously pitched an FX trading strategy promising big gains with limited downside. CBA ramps up pressure on regulator over Macquarie capital settings A CBA-commissioned report claims Macquarie is allowed to operate with a lower capital base than the big four retail banks. The threat to investors in push to slow AI development One fund manager said tighter restrictions would be a commercial advantage to Anthropic and OpenAI, and hurt newer start-ups and microchip manufacturers. Investors worry that the ASX is both expensive and underperforming The Australian sharemarket has emerged as an ugly duckling on the world stage with stretched valuations as well as low exposure to artificial intelligence. Pretty profit, ugly doll hands this fundie a monster 650pc gain London-based Charlie Linton is making big money on hidden jewels the market wrote off, from backing forgotten Australian media relics to unloved automakers. Active investing Super mega-funds tell rock-star stock pickers to lift their game Australia’s old-guard active fund managers are in a fight for survival and big super is telling them to shape up. The great irrational mispricing is real in commodities Time and again we see investors abandon assets at the wrong point in the cycle. Like now, where an under allocation to gold and hard assets is illogical. One Nation raises stakes for Labor’s migration plan Copying Canada’s approach suggests the once-fringe party’s proposals aren’t necessarily extreme and that some recalibration of migration settings is a mainstream issue. Five years on, AUKUS has endured through extraordinary political change Successive governments in all three countries have concluded that the nuclear submarine technology partnership serves their national interests. Australia should mobilise Asian partners to open Strait of Hormuz No region has been more affected by the energy supply disruptions caused by the Iran war, but Asia has been mostly absent from efforts to resolve it. Foreign policy expert Trump and Xi would win the Nobel Peace Prize for an AI slowdown Any such agreement just requires getting half a dozen companies in the US and China – those with the resources to be pushing the frontier – to toe the line. Border wars: Hanson on the front foot again as major parties dither One Nation will again aim to set the agenda, this time with an immigration policy which, while hard line, is not unsophisticated.

Political editor One Nation’s migration cuts add up to a deep recession Cutting migration by 766,000 over three years would damage our economy, hit the budget and weaken our capacity to provide services for Australians. Business representative Start-ups and scientists raise alarm on government’s R&D changes The draft law was meant to put start-up founders and investors at ease, but has only reinforced fears that the changes will drive founders out of the market. Capital gains tax Bevan Slattery calls tax changes ‘stupid’, reveals ATO review The serial tech founder says proposed capital gains and trust changes penalise business builders, and reveals he has cleared a major Tax Office review. ADF workforce boom on back of retention cash splash Cash incentives and relaxed entry standards drive the military workforce to 64,200, as the ADF’s recruitment intake hits a 16-year-high. One Nation migration plan risks $56b budget blowout Experts say One Nation has identified genuine problems with Australia’s migration system even as they warn its proposed solution goes too far. Industrial relations Quiet move in Queensland flags national union power grab The negotiations mark a historic shift for the Electrical Trades Union and holds the potential to extend its reach to the entire industry. Monetary policy Who’s who in the contest to replace Christine Lagarde at ECB The looming reshuffle comes at a time of volatility in global bond markets as more than six months of war in the Middle East drives up debt-servicing costs. ‘The country is behind us’: Why this village is voting to leave the UK Plans to build a camp for some 1200 immigrants sparked a novel protest by residents of a hamlet north of London, as the UK grapples with housing asylum seekers. Trump rejects AI slowdown in race against China for dominance The US president has denounced demands for regulation, as tech executives raise alarms about the breakneck development of artificial intelligence. Harry and Meghan give first glimpse of family life in the UK Instagram video shows the Sussexes and their children walking through woodland, jumping in puddles and fishing after their return to Britain. Not even Bezos and Pitt could stop Zverev winning the US Open Celebrities attended in force, hoping American Ben Shelton could clinch the title against the all-powerful German. GPT lodges $380m bet on Brisbane’s office market recovery Office markets slumped after the pandemic as interest rates jumped and work-from-home weakened demand for space. A recovery is building in Sydney and Brisbane. ‘Back to 2023 prices’: $4.8m sale leaves vendor out of pocket The falling Sydney market is prompting many sellers to offload at a loss, especially after taking all their extra costs into account. Jayne Hrdlicka v Noosa: Battle over holiday home arrives in court The council has assembled 10 witnesses to defend its decision to refuse the plans, which it says constitute overdevelopment. Luxury property Sydney IT founder sets South Coast record with $18m acreage Peter Paddon, who founded Sydney IT advisory and management firm First Focus, has paid a record $18 million for a South Coast estate. Auction clearance rate hits 19-week high as buyers hunt bargains The national auction market is showing signs of improvement – but any gains will be wiped out by rate hikes, experts warn. Should my $100k inheritance go to super or the mortgage? Interest rates, falling property prices, investment returns, tax settings and your age all play a role in important financial decisions. How the CGT changes affect selling investment assets in retirement Even before the budget’s alterations, ceasing work did not make a large capital gain tax-free. Why the cheapest trading app might actually cost you more Focusing on brokerage costs when choosing a share trading platform is like buying the cheapest airline ticket without looking at the cost of the extras. OpenAI exec says governments too slow to regulate dangerous AI Senior OpenAI executive Ann O’Leary says the AI industry is taking the lead on safety regulation as politicians struggle to keep up Silicon Valley VC giant has a warning for software stocks Lightspeed Venture Partners’ Isaac Kim, whose firm is a backer of Anthropic, said investors were underestimating the carnage that AI would bring. Nvidia outlines sprawling Australian vision, and energy strain The company sits at the centre of the artificial intelligence ecosystem, and says it will help local partners build a 2GW network by the end of next year. Performing arts ‘I’m where I am today thanks to Kylie Minogue’ Rafael Bonachela, leader of Australia premier contemporary dance troupe, recalls the moments that changed his career forever. Australia’s first female High Court judge dies at 83 Mary Gaudron became the first woman appointed to the High Court of Australia in 1987, and contributed to decisions that shaped Australian law, including the Mabo case. Don’t be judgy about headphones in the office Listening to music at work can send a lot of unhelpful messages, but it also enables some colleagues to be more productive. Performing arts STC reveals 2027 line-up with mass appeal as ‘key to our success’ Sydney Theatre Company artistic director Mitchell Butel will again blend big names and familiar IP for his second season at the country’s biggest play-maker. Why slim Australians are taking GLP-1 drugs such as Ozempic Wegovy, Mounjaro and the like are approved treatments for weight loss. But not all patients who benefit from them are overweight. Are tech bros Hollywood’s new serial killers? For today’s filmmakers, technology has not come to assist us or even to vaguely annoy us. It has come to stab us in the shower. 2000 hectares is the new benchmark in high-end travel Forget Michelin stars and high-thread-count sheets. From Patagonia to the outback, the jet set now want to feel like a destination is all theirs. David Rowe cartoons for September 2026 Astronaut Nicole Stott’s warning on classroom tech ‘Roblox has taken the place of McDonald’s’: Inside booming teen economy ‘Roblox has taken the place of McDonald’s’: Inside booming teen economy Another Italian restaurant? This one is worth a visit Another Italian restaurant? This one is worth a visit What this top lawyer wishes he had done early in his career Sally Patten and Iona Rennie Why David Thodey thinks the Xero CEO is worth $25m Why David Thodey thinks the Xero CEO is worth $25m This CEO scraped through accounting. Now he runs a $6b company This CEO scraped through accounting. Now he runs a $6b company Is this new smartwatch the Goldiclock you’ve been looking for? ‘I’m where I am today thanks to Kylie Minogue’ ‘I’m where I am today thanks to Kylie Minogue’ Australia is the rising star of the Paris art scene Australia is the rising star of the Paris art scene Not all caviar bumps: Sydney’s wealthy dish it out for women’s health Hannah Tattersall Tzaneros’ ACFS owes creditors more than $270m Tzaneros’ ACFS owes creditors more than $270m Australian billionaire faces storm over Palestine ‘war chest’ Australian billionaire faces storm over Palestine ‘war chest’