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    Latest stories

    Today

    US unemployment figures leapt.

    US jobless claims lingered near 10-month high

    Applications for unemployment benefits have remained subdued over the past year, as the labour market showed resilience.

    • Bloomberg News

    Yesterday

    Home Affairs Minister Clare O’Neil released the discussion paper for public comment.

    Fast-track regional migration moves mooted

    Labor has flagged abolishing occupation lists for immigrants looking to settle in regional areas.

    • Tom McIlroy
    Opposition Leader Peter Dutton at his nuclear press conference on Wednesday.

    Switkowski backs nuclear push, Dutton promises costings

    Ziggy Switkowski says nuclear power has a role to play in the zero-emissions energy mix and would deliver a positive return to taxpayers.

    • Phillip Coorey
    Universities are to come under much stricter government controls.

    Government moves to snatch control of students away from universities

    The Albanese government is stepping into interventionist mode, planning to say how many students can study at a particular university and in what courses.

    • Julie Hare
    The Bank of England has kept interest rates at a high.

    BoE keeps rates at 16-year high despite inflation fall

    Some of the bank’s policymakers expressed concern that underlying inflation was still elevated.

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    David Rowe cartoons for June 2024

    David Rowe is a multiple Walkley award-winning cartoonist. He draws a daily political cartoon and one for the Chanticleer column.

    • Updated
    • David Rowe
    Peter Dutton is proposing seven nuclear plants in Coalition electorates.

    Dutton is prepared to take risks, but he is no onion eater

    The signature difference between what the Coalition unleashed on Wednesday and the debilitating climate fights of the past is that both parties are operating from the assumption that emissions need to be reduced.

    • Phillip Coorey
    The Coalition wants small modular reactors such as this design by Westinghouse proposed for the UK.

    Tech no hurdle for Coalition’s nuclear plan

    Several proven technologies would fit the bill for the opposition’s nuclear expansion plan, while Australia has a head start on nuclear regulation, experts say.

    • Angela Macdonald-Smith
    ROWE

    CFMEU break-up overdue

    The real source of John Setka and other union bosses’ political power remains the institutional privileges unions are granted by Australia’s archaic industrial relations framework.

    • The AFR View
    Feeding frenzy: Guzman y Gomez co-founder and CEO Steven Marks, and TDM Growth Partners founder Tom Cowan.

    Can big burritos save public markets?

    We won’t know for many years whether Guzman y Gomez investors have overestimated Australian’s appetite for Mexican-themed restaurants.

    • The AFR View
    carter

    Alan Joyce’s bonus review in familiar hands

    This being corporate Australia, one doesn’t have to dig deep to find the key players already know one another.

    • Updated
    • Myriam Robin

    Nuclear to wreak ‘catastrophic damage’ on renewable energy

    Clean investor groups say the Coalition’s scheme will take too long, cost too much, and is incompatible with timely and cost-efficient energy transition.

    • Elouise Fowler
    Guzman y Gomez’s Steven Marks, with hugs between co-CEO Hilton Brett and co-founder Robert Hazan.

    Who’s who in the Guzman y Gomez fiesta

    This wasn’t an IPO debut. It was a pep rally. Steven Marks gathers the believers for his special debut on the ASX.

    • Mark Di Stefano and Primrose Riordan
    Victorian Premier Jacinta Allan her predecessor, Daniel Andrews

    Victoria’s $14b Metro Tunnel has been delayed and will cost more

    The bill for Melbourne’s long-awaited Metro Tunnel has spiralled past $12.8 billion, in yet another cost blowout for a major Victorian project.

    • Gus McCubbing
    Latitude Financial chief executive Ahmed Fahour.

    The fund meant to save Australia held ‘sham’ meetings

    The $15 billion National Reconstruction Fund is struggling to find investments, but it is great at holding meetings.

    • Aaron Patrick
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    Opposition Leader Peter Dutton.

    Labor’s AUKUS embrace negates nuclear waste argument: Dutton

    Labor has already agreed to establish a high-level nuclear waste dump under the AUKUS pact.

    • Phillip Coorey
    The cost of the Hinkley nuclear power station, the first built in Britain in 20 years, is up to $90 billion. The original estimate was $35 billion.

    UK’s nuclear plant will cost nearly three times what was estimated

    Expert analysis of nuclear power in Australia and the experience of countries overseas suggests the Coalition may have to spend $60 billion on its energy plan.

    • Tom McIlroy
    Super fund customers are on track for strong returns this year.

    Super funds set to surprise on the upside next week

    The expected returns were driven largely by strong performances from overseas equities, Chant West found.

    • Hannah Wootton
    Guzman y Gomez’s Steven Marks in 2018, when he and TDM were forecasting FY23 operating income of eight-times than the actual number.

    Guzman y Gomez has a history of missing forecasts, documents show

    The bottom line is this: Guzman y Gomez hasn’t been growing as fast, or is as profitable, as management had previously predicted.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    In this September 21, 2016, file photo, Iran’s Revolutionary Guard troops march in a military parade in Tehran, Iran.

    Australia urged to list Iran’s enforcers as terror group

    Canada’s designation of the Iranian Revolutionary Guards Corp as a terrorist group has put pressure on the Albanese government to follow suit.

    • Andrew Tillett