@FinancialReview

For 70 years, The Australian Financial Review has been the authority on business, finance and political news in Australia.

 Australia
afr.com/
Joined January 2009
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13.9KMedia
After the collapse of her eponymous fashion label in 2019, Kym Ellery went on to reinvent herself as a furniture designer. But as her new career gains momentum, the debts left by her former business continue to haunt her. ebx.sh/pgjmZm

Paris high society and unpaid debts: Kym Ellery launches second act

Recasting her design career, she is interested in materials that carry weight, memory and permanence. But there are still bills to pay from her first chapter.

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Years after record lockdowns, Victoria’s initial spirit of togetherness has dissolved into widespread exhaustion, isolation and political anger. ebx.sh/aoTOVi

Why the pandemic’s long tail is rending Victoria’s electorate

As Victoria heads to the polls, the after-effects of the state’s record 260 days in lockdown are the election’s great sleeper issue.

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Colleagues are being forced to compete for a dwindling number of roles as NAB rolls out its largest restructure in nearly a decade. ebx.sh/RjvXFm

NAB asks thousands to reapply for jobs as search for 2500 cuts begins

The largest restructure at the bank in nearly a decade forces colleagues to compete for a dwindling number of roles.

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The purchase by ATI Global founder Christian Beck comes as the legal software provider prepares for one of Australia’s largest technology IPOs. ebx.sh/LaW7c9

Software billionaire splashes $36.5m on twin Manly waterfronts

Two Rich Listers have traded waterfront homes in one of the Sydney northern beaches suburb’s priciest deals.

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Former Liberal leader Sussan Ley could never imagine a life where she’d need a security detail. As she writes: "I used to take for granted the freedom to walk through any crowd, anywhere in the country." ebx.sh/yraS2i

I used to walk anywhere without fear. I am much less certain now

I was the only female leader of a major political party without a security detail – I couldn’t live under constant guard. That belief was rocked this week.

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From AI slop ads to vitriolic attacks targeting candidates’ families, this was the week that Republicans leaned even harder into culture-warring and personal scandal. ebx.sh/UpeONa

Panicked Republicans get dirty in $8.5b midterm final stretch

From AI slop ads to vitriolic attacks targeting candidates’ families, this was the week Republicans leaned even harder into culture-warring and personal scandal.

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Treasurer Jim Chalmers has announced a small package of measures he claims will reduce red tape in the financial sector. ebx.sh/N7yfWm

Chalmers lifts bank bond caps in $780m productivity push

The government’s deregulation efforts come as inflation and interest rate pressures strain global fiscal debt and the government’s own economic forecasts.

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Tighter procurement rules have entrenched Australia’s position as one of the OECD’s most restrictive jurisdictions for foreign investment. ebx.sh/sPa56f

Australia ranks behind 90 nations for foreign investment hurdles

Business is calling on the government to ease restrictions on foreign investment after the OECD called out new procurement rules that favour local businesses.

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Stagnant productivity, political polarisation and government indebtedness are driving turmoil for investors. But as Macquarie strategist Viktor Shvets tells Chanticleer, breaking the cycle remains unlikely in the near term. ebx.sh/4NIZIe

‘Fear and confusion’ just seized global markets. Here’s why

Investors and central bankers are waking up to the fact world leaders and business heavyweights will no longer act in the “rational” ways markets expect.

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Can the billionaire businesswoman succeed where others have failed by taking on Australia’s powerful airline duopoly, Qantas and Virgin Australia, with her own budget carrier? ebx.sh/zVxvdp

No-holds-barred Vietjet founder Madame Thao sizes up Qantas and Virgin

The Vietnamese carrier has conquered its own turf and much of Asia. Now it wants to try its luck in Australia, even as it confronts a host of problems.

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Satellite imagery reveals the secretive military facility has commenced one of the largest expansions in its 60-year history. ebx.sh/OiY72T

Major expansion under way at secretive military base Pine Gap

Satellite imagery showed the site is in the midst of one of its largest changes in its 60-year history, although the nature of the works remains under wraps.

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When Swiss doctors discovered three tumours in national affairs columnist Jennifer Hewett's brain, she was told she only had a few months to live. ebx.sh/ii77Z5

From airport queue to sudden diagnosis: Jennifer Hewett on facing brain cancer

The AFR’s national affairs columnist was told she had a few months to live. Then she had her first appointment with a Sydney neurosurgeon.

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Rob De Luca has built a long and winding career, leading some of Australia’s major corporate institutions. Here's what he's learnt. ebx.sh/tf2GX7

The piece of advice that saved this $1.3b CEO from burnout

McMillan Shakespeare chief Rob De Luca has had a long and winding career, and has come to think about leadership as a bit like being a parent.

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The federal government will release draft regulations to raise caps on bank covered bond issuance in a move aimed at improving competition in the sector. Read more on our live blog: ebx.sh/m2qNIf
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Snowy 2.0 is among the largest infrastructure developments in Australian history, but blowout costs and major delays have raised questions about the project’s viability. ebx.sh/vixaeP

How Australia’s biggest green project became a $25b nightmare

The huge Snowy 2.0 hydro project is massively delayed and over budget – but its supporters say it will all be worth it in the long run.

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Snowy 2.0 is one of the biggest and most complex projects undertaken by the federal government. ebx.sh/Zr801S

Snowy 2.0 price tag soars to $25b, 10 times initial estimate

The project is one of the biggest and most complex undertaken by the federal government, and was first proposed by then-prime minister Malcolm Turnbull.

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As buyers retreat and developers come under pressure, the push to make housing more affordable risks making the homes Australia desperately needs even harder to build. ebx.sh/ZbH5Pa

Something vital is breaking in housing. This 71pc plunge proves it

Data from Mirvac and Stockland show Labor’s tax changes and rate hikes have created a perfect storm that is now damaging the very thing that will solve housing affordability.

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Australia faces a choice. It can either drift into a divided nation with stagnant real incomes or make the tough decisions required to lift productivity, writes economist Ed Shann. ebx.sh/jwYV3K

Albanese-Chalmers have sent economy in opposite direction of Hawke-Keating

Australia can either drift into a divided society with stagnant real incomes or make the difficult decisions needed to lift productivity and restore growth.

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A Department of Finance review says KPMG must undertake sweeping governance and culture reforms before it can bid for government contracts again. ebx.sh/sCTgC1

KPMG ban on government work extended until February 2027

The firm should not be trusted to undertake federal work until it proves its promises of cultural reform are more than just words, a review by the finance department said.

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Business owners in Paris have turned to sleeping in their stores and hiring private security guards as they prepare for a fresh wave of protests. ebx.sh/x99KOk

Sleeping in their shops. Paris braces for anarchists and criminals

Business owners hit in last week’s protests are concerned extra police and security may not protect them, as they prepare for another wave of violence.

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