Global tech giants are lobbying Australian officials in secret talks in Geneva over a deal which could allow them to continue to operate without regulation, despite regulatory calls here to address Facebook and Google’s data abuse scandals and anti-competitive practices
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News Corp’s Australian newspapers are quick to attack union leaders and local government bureaucrats for being overpaid, but somehow they’ve missed the biggest salary looting exercise by their own bosses in the history of public company capitalism.
Case studies of Woolworths, Coles, News Corp, Telstra and the Big Four banks show how a few large companies exert excessive influence over Parliament and increasingly scrape out the wealth from their supply chains, a phenomenon which is leading to further inequality
The verdict is in. The US started trade wars with several trading partners. It has lost them comprehensively. Alan Austin reports.
Treasurer Josh Frydenberg’s MYEFO is mix of truth, trickery and outright falsehoods. Alan Austin reports.
A week after approval of its takeover of Bellamy’s, China Mengniu picks up a bundle of Australia’s best-known dairy brands … and some criticism as part of the bargain. Marcus Ruebenstein reports.
“Are you are sexual predator?” asked Gerry Harvey of a dissident shareholder who was politely though persistently questioning him in front of a packed house at the Harvey Norman annual meeting. This was the crowning insult
The culture wars have engulfed the stock market. As a fiery shareholder showdown looms at the Harvey Norman annual general meeting this week over poor governance at the retail juggernaut, Sky News host Peta Credlin lashed out at “hard left” proxy advisors and the “epidemic of politically correct box ticking”
Australia’s economy looks like it has bottomed out, or perhaps this is the beginning of The New Ordinary. This is according to our MWI index which has this year shown predictive qualities.
Bankrolling pedophiles, facilitating massive money-laundering schemes and terrorist-financing have branded Westpac, deservingly, an instant pariah of the banking world. As regulatory intelligence expert Nathan Lynch reveals here however, Westpac is unlikely to be alone. The story behind the story is industrial scale tax avoidance, the concealing of enormous cross-border payments
It was the Nine Entertainment Company annual general meeting yesterday and Peter Costello, federal treasurer turned company chairman rose to take questions from the floor. Michael West reports.
If Labor hoists the white flag and dumps its franking credits policy, it endorses a bizarre regime of cash hand-outs for wealthy share market investors. Michael West reports on the bank profit season, welfare for the wealthy and the winner from plunging bank payouts – Government
Five people died at a children’s hospital in Scotland built by Brookfield, billions have been stripped offshore in Australian assets, yet Treasurer Josh Frydenberg has approved the sale of the nursing home and retirement village business Aveo.
“Outlaw these indulgent and selfish practices that threaten the livelihood of fellow Australians,” declared Scott Morrison last week as the protests raged outside a Melbourne mining conference. Tax avoidance, Lendlease.
Lendlease walked away from its contract to rebuild the Sydney Football Stadium in July, leaving a giant hole in the ground and a state government scrambling to fill the construction void
An influential global wealth survey has highlighted the world’s greatest loser in economic outcomes this year — Australia. Alan Austin reports.
Babcock & Brown sank in a sea of debt during the Global Financial Crisis, its $70 billion of assets around the world were soon up for grabs. Its rail business in WA went to the then little known Canadian financier, Brookfield. And Brookfield has made a killing
Trump’s war on Huawei is to choke off the supply of semiconductors and technology to manufacture same to Huawei, thereby limiting China’s ability to compete with the US. Clinton Fernandes reports.
On one side of the courtroom is TPG, a consumer-oriented telco grown large on acquisitions and minimalist customer service, run by a reclusive billionaire. Next to them is Vodafone, a mobile carrier with a global brand
The attention being given to possible covert influence being exercised by China in Australia shouldn’t distract us from recognising that very overt foreign influence now occurs through investment. Clinton Fernandes reports.
Intellectual property rights are shaping up to be the key battleground as the trade war between the United States and China escalates. And Australia’s position favours the US, writes Clinton Fernandes, even though it is patently against Australia’s interests
A troubled Chinese conglomerate under pressure from Beijing and its invisible partner have teamed up with Virgin Australia to run a flight school in Barnaby Joyce’s electorate. Having exposed Virgin’s deceitful efforts to hide these parties, Anthony Klan goes door-knocking.
Qantas inked a freight deal with alleged associates of Chinese Triads in 2017. The airline clearly didn’t check the bona fides of its business partners, which they could have googled in one-minute flat. Michael Sainsbury and Michael West report on Reuben Milne, the man behind the deal.
Where does “the buck” stop? When it comes to corporations, the buck stops with the board. This is why directors are paid big bucks. They are ultimately responsible when allegations of corruption arise, as has been the case this week with dramatic revelations of Crown Resorts facilitating organised crime. Michael Sainsbury reports.
Have things finally turned for Treasurer Josh Frydenberg? Is the latest CPI a spike in a downtrend or first signs the Australian economy is bottoming?
Qantas has an unblemished record when it comes to safety. Unfortunately the same can’t be said when it comes to doing deals with international crime gangs. Michael Sainsbury reports.