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  • Wild scenes on ASX as world enters frenzy | ASX 200 LIVE: ASX hits intraday record before banks d…

    Wild scenes on ASX as world enters frenzy | ASX 200 LIVE: ASX hits intraday record before banks d…

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    ASX 200 LIVE: ASX hits intraday record before banks drag lower; Sharon AI wins $500m contract; CBA, banks sell-off

    The Australian sharemarket set a record intraday high on Wednesday afternoon, as hopes for an imminent reopening of the Strait of Hormuz overpowered a sell-off in bank and energy stocks.

    The S&P/ASX 200 Index was up 72.6 points or 0.8 per cent, to 9218.4 on near 3pm AEST on Wednesday afternoon. Five of the 11 sectors were lower, led by the banks and energy stocks.

    Wall Street rallied overnight, sending the S&P 500 and Dow Jones to record closes on news of another interim peace deal between the US and Iran to end the war, which is now in its sixth month. A robust quarterly earnings season is also helping.

    Markets live updates: ASX briefly hits new record high, pressure eases on Japanese yen

    SpaceX's results beat analyst estimates, but the firm is yet to turn a profit. 

    Meanwhile, the Australian share market started its day higher on hopes the US and Iran will reach a deal to reopen the Strait of Hormuz. Pressure has also eased on the Japanese yen after more intervention.

    Space X is making headlines this morning with its first earnings report since the tech titan went public in June. So what to make of its astronomical revenue growth? And what is still pulling its share price back to earth?

    Meanwhile hundreds of ASX-listed companies are getting ready to report over the coming weeks and analysts are concerned about an earnings momentum slow-down. Could profits even be going backwards for many big companies?

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  • Former Swans coach regrets not doing more for Adam Goodes amid ‘diabolical’ treatment of AFL …

    Former Swans coach regrets not doing more for Adam Goodes amid ‘diabolical’ treatment of AFL …

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    Former Swans coach regrets not doing more for Adam Goodes amid ‘diabolical’ treatment of AFL star

    John Longmire opens up on booing during player’s final years

    ‘I should have threatened to pull our players off the ground’

    Former Sydney Swans coach John Longmire has opened up on his regret for not doing more to support Adam Goodes in the final years of his career, as the two-time Brownlow medallist faced “diabolical, almost unforgivable” treatment.

    Writing in his autobiography released this week, Longmire said the final years of Goodes’s career were a source of regret.

    “I wish everyone had done more,” he said. “Adam Goodes was not just a champion footballer, he was a leader and a man of immense courage. What he endured was diabolical, almost unforgivable.”

    ‘Extreme act’ Swans coach regrets not doing amid Goodes booing

    Former Sydney coach John Longmire regrets not doing more to support champion player Adam Goodes during the final years of his career where the dual Brownlow Medallist was booed relentlessly by fans around the country.

    The 2012 premiership coach, in his autobiography: “Pain, Perspective and Premierships – My Autobiography”, went as far as saying the club should have staged a walk off during a game to send the message that they would no longer stand for what was happening.

    Adam Goodes and John Longmire after the 2012 grand final. nnazgates

    Goodes, one of the game’s all-time greats, has barely been seen in the AFL world since retiring in 2015, largely due to the confronting nature of his final years in the sport.

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  • Corruption probe into Andrews-era firefighters negotiations handed down | Five things to know abo…

    Corruption probe into Andrews-era firefighters negotiations handed down | Five things to know abo…

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    Corruption probe into Andrews-era firefighters negotiations handed down

    The Independent Broad-Based Anti-Corruption Commission investigated allegations of corruption dating back to Daniel Andrews's first term as premier. (ABC News)

    A long-running IBAC investigation has found United Firefighters Union secretary Peter Marshall exerted extraordinary influence in pay negotiations with the Andrews government.

    The report stopped short of making any findings of corrupt conduct, instead warning such behaviour raised the risk of corruption.

    Mr Marshall accused IBAC of wasting public money and said its surveillance methods were extreme.

    Victoria's anti-corruption watchdog has found Andrews government ministers, MPs and public servants engaged in "serious and concerning conduct" during a bitter pay dispute with the state's firefighters union.

    Five things to know about Operation Richmond

    On Wednesday morning, Victoria’s Independent Broad-based Anti-corruption Commission (IBAC) handed down its report into Operation Richmond – an eight-year investigation into dealings between the state government under former premier Daniel Andrews and the United Firefighters Union boss, Peter Marshall.

    IBAC found that Victorian Labor ministers, MPs and public servants engaged in what it called “serious and concerning conduct”. It did not, however, find that there had been corrupt conduct.

    IBAC identified serious problems in how the Andrews government struck pay deals with the Country Fire Authority (CFA) and the Metropolitan Fire Brigade (MFB), alongside the creation of Fire Rescue Victoria (FRV).

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    Daniel Andrews’ government engaged in ‘concerning’ conduct but no evidence of firefighter union blackmail: Ibac report

    Anti-corruption watchdog’s long-awaited report finds ‘serious and concerning’ conduct by senior government members in dealings with union boss

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    Senior members of the former Daniel Andrews government engaged in “serious and concerning” conduct in their dealings with the firefighters’ union leader, Peter Marshall, a long-awaited report by the Victoria’s anti-corruption watchdog has found.

    The report by the Independent Broad-based Anti-corruption Commission was tabled in parliament on Wednesday, eight years after their investigation first began.

    While it did not find that any individuals engaged in corrupt conduct, the report said senior members of the Andrews government engaged in “serious and concerning” conduct in their dealings with Marshall – the secretary of the United Firefighter Union (UFU) – when negotiating pay deals for the Country Fire Authority (CFA) and Metropolitan Fire Brigade (MFB), and their later amalgamation into Fire Services Victoria (FSV).

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  • Sophie, Duchess of Edinburgh, Closes Out the 2026 Commonwealth Games in Elegant Navy Shirtdress |…

    Sophie, Duchess of Edinburgh, Closes Out the 2026 Commonwealth Games in Elegant Navy Shirtdress |…

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    Prince Edward dons a playful tie for the Commonwealth Games closing ceremony in Glasgow

    Prince Edward, Duke of Edinburgh, was the style highlight of the Commonwealth Games closing ceremony in Glasgow

    There was an unlikely style icon at the Commonwealth Games Closing Ceremony over the weekend, as Prince Edward joined his wife, the Duchess of Edinburgh, to celebrate a glittering showing in Glasgow.

    Last summer, Ella Bright was sitting her A-levels in London. Now she’s the breakout star of Off Campus, with a legion of global fans obsessing over every scene online. The 19-year-old actress meets Tatler as she makes her Paris Couture debut to discuss her extraordinary year

    The Duke of Edinburgh showcased his playful style at the ceremony, wearing a navy tie patterned with the Commonwealth Games logo, in a nod to his role as Vice Patron of Commonwealth Sport. Sophie wore a matching electric navy Gabriela Hearst shirtdress, which she paired with an electric blue Sophie Habsburg clutch bag.

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  • Jetstar to scrap free 7kg carry-on for new overhead luggage fees | Jetstar risks backlash over ne…

    Jetstar to scrap free 7kg carry-on for new overhead luggage fees | Jetstar risks backlash over ne…

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    Jetstar to scrap free 7kg carry-on for new overhead luggage fees

    Jetstar will charge passengers for overhead baggage from February next year. (ABC News: Keana Naughton)

    Travellers taking more than a laptop, handbag or backpack on Jetstar flights will have to pay extra for carry-on baggage from February next year.

    The budget airline has announced it will charge for cabin luggage in overhead lockers, allowing only a small under-seat bag at no extra cost.

    Jetstar has announced it will charge passengers to stow carry-on luggage in overhead lockers from next year, allowing only a small under-seat bag at no extra cost.

    The budget airline is set to scrap its free 7-kilogram carry-on allowance from February 2027 in a move it says is in line with other low-fare carriers globally.

    Jetstar risks backlash over new overhead baggage fees

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    Charging passengers for overhead baggage could backfire on Jetstar, with the low-cost carrier accused of a cash grab.

    From February 2, Jetstar will lift its 7kg carry-on weight limit in favour of a size-based carry-on baggage model adopted by several European low-cost carriers such as Ryan Air.

    Passengers will be able to bring one small, under-the-seat bag up to 10kg, but anything larger than a backpack, handbag or laptop bag will incur a charge.

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    Jetsar: Mixed reactions in Australia as airline introduces fees for overhead carry-on luggage

    Australians have responded with a mixture of outrage and support after budget airline Jetstar announced it would start charging for the use of overhead lockers.

    From February the airline is scrapping its 7kg (15.4lb) limit on hand luggage. Instead all passengers will be allowed a smaller bag that can fit under the seat in front and the option to pay for space for a larger bag in the overhead locker and priority boarding.

    The move comes after "extensive research and feedback" and is similar to the policies of other low cost airlines, Jetstar said.

    It was met with a mixed response by social media users, with some asking whether the airline would also start charging customers to use the toilet.

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  • Endeavour books $372m in writedowns, weak earnings | Dan Murphy’s owner flags big profit drop a…

    Endeavour books $372m in writedowns, weak earnings | Dan Murphy’s owner flags big profit drop a…

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    Dan Murphy’s owner flags big profit drop as Hrdlicka plots turnaround

    Bottle shop and pubs owner Endeavour has flagged a sharp decline in annual profit as chief executive Jayne Hrdlicka’s long-term plan to turn around the struggling company inflicts short-term pain from a jump in writedowns and restructuring costs.

    The nation’s largest liquor store operator, which owns the Dan Murphy’s and BWS chains, expects to report net profit of around $52 million for the year to June 28, down from $426 million in the prior year, after disclosing a bigger-than-expected $331 million charge for significant items.

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    Iconic McLaren Vale Chapel Hill Estate up for sale

    One of the jewels in the crown of McLaren Vale’s wine region, Chapel Hill Estate, is looking for a buyer, offering someone the chance to expand their current portfolio, or sink their teeth into a multifaceted business opportunity.

    The property is set on Chapel Hill Rd in McLaren Vale and, according to its listing, “combines heritage, hospitality, accommodation, agricultural assets and substantial built infrastructure within one of South Australia’s most highly regarded tourism and lifestyle destinations.”

    “The unique combination of a heritage-listed chapel, guest accommodation, event facilities, cellar door, commercial kitchen, established vineyards and extensive infrastructure creates a foundation for a diverse range of future opportunities,” its listing reads.

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  • Kilometer-high Saudi tower inches closer to world’s tallest record | Jeddah Tower surpasses 430-m…

    Kilometer-high Saudi tower inches closer to world’s tallest record | Jeddah Tower surpasses 430-m…

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    Kilometer-high Saudi tower inches closer to world's tallest record

    The JEC Tower has hit another milestone on its journey to become the new world's tallest skyscraper. The building is rapidly moving toward the halfway mark and has reached a height of 430 m (1,410 ft), with around 570 m (1,870 ft) left to go until the record-breaking megatall is completed.

    Located in the port city of Jeddah, in Saudi Arabia, the JEC Tower (which also goes by Jeddah Economic Company Tower or Jeddah Tower) is designed by Adrian Smith + Gordon Gill, the former responsible for the design of the current world's tallest building, the 828-m (2,717-ft) Burj Khalifa. Once finished, this latest supertall will include at least 157 floors and will be almost twice the height of the tallest building in the USA, the 541-m (1,776-ft) One World Trade Center.

    Tower set to redefine global skyline passes 430m mark on path to becoming world's tallest building

    Despite building work starting over 13 years ago amid financial and contractor issues, construction has finally resumed on Jeddah Tower — the structure which is set to become the world's tallest building with a planned finished height of over 1,000 meters.

    The Burj Khalifa has long-held the title of the world's tallest building since construction finished in 2009, standing at a staggering 828 meters and overtaking Taipei 101 for the title with a lead of over 300 meters in the end.

    A similar smashing of the record could soon be achieved by Jeddah Tower, however, as it nears its estimated completion date of August 2028 with progress finally resuming.

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  • Law firm’s competence questioned in $100k judgment fight | Final-year UNSW student wins top nat…

    Law firm’s competence questioned in $100k judgment fight | Final-year UNSW student wins top nat…

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    Law firm’s competence questioned in $100k judgment fight

    A man who owes more than $100,000 in judgment debts has tried to compel his former law firm to hand over material that would allegedly prove its services were “not done competently”.

    Justice Nye Perram of the Federal Court of Australia has set aside four notices to produce served on CharterLaw by former client Paul Michales, who has made a series of allegations about the law firm’s ability to provide services and the quality of those services.

    In the underlying proceedings, CharterLaw has applied for orders sequestering Michales’ estate after he failed to comply with a bankruptcy notice to pay the sum of $107,654.53 in judgment debts.

    Final-year UNSW student wins top national law award

    The prestigious Lawyers Weekly Australian Law Awards recognise Australia’s best-performing legal professionals.

    Media/Law student Raahat Shaik is reaping the benefits of taking a 'bold' approach since coming to UNSW Sydney via the Gateway Program. 

    Final-year Media/Law student Raahat Shaik has been named Lawyers Weekly Australian Law Awards 2026 Law Student of the Year.

    It’s the second consecutive year a UNSW Law & Justice student has won the category.

    The prestigious awards recognise Australia’s best-performing legal professionals. The judging criteria for award categories were both quantitative and qualitative, acknowledging growth, diversity, leadership, innovation and contribution to the nation’s legal sector.

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  • More than 1,500 Brisbane children listed as experiencing homelessness | Kids, single mums bear br…

    More than 1,500 Brisbane children listed as experiencing homelessness | Kids, single mums bear br…

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    More than 1,500 Brisbane children listed as experiencing homelessness

    Of the families recorded by Brisbane Zero, 321 identified as being homeless for the first time. (ABC News: Patrick Rocca)

    New data from Brisbane Zero shows last financial year there were 984 families, including 1,539 children, who were identified by name as experiencing homelessness in the city.

    The snapshot is used to understand the scale of homelessness in Brisbane, and to recommend ways to improve the situation.

    Caitlyn Wheatley, a youth ambassador with the Foyer Foundation, reminded people to remember that a person sleeping rough is "someone's someone".

    More than 70 per cent of families listed by name as experiencing homelessness in Brisbane last year had a single mother as the sole parent, new data shows.

    Simple census blunder could see you slapped with hefty fines

    The census is less than a week away and many Australians are still unsure about when and how they must complete the compulsory national survey.

    It could lead some to commit a costly blunder by failing to fill out the census, or providing false information.

    Census night falls on Tuesday, August 11 and most households will complete the census online.

     The Age

    The census is mandatory and anyone in Australia who does not fill it out on or by Tuesday, August 11 risks being fined up to $364 a day.

    You still have to do the census if you are travelling or away from home on census night, but Australians who are overseas on August 11 don’t need to complete it.

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  • ZZ Top, Cheap Trick cancel Hollywood Bowl concert | ZZ Top Cancel Hollywood Bowl Concert With Che…

    ZZ Top, Cheap Trick cancel Hollywood Bowl concert | ZZ Top Cancel Hollywood Bowl Concert With Che…

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    ZZ Top, Cheap Trick cancel Hollywood Bowl concert

    ZZ Top management has just announced that the band’s concert with Cheap Trick at the Hollywood Bowl slated for tomorrow (Wed, Aug 5th) has been canceled.

    “The ZZ Top tour has unforeseen personnel matters that have forced the band to cancel its appearance at the Los Angeles landmark,” a media release reads.

    Ticket holders may get refunds at the point of purchase. All tickets, including transportation and parking passes, will be automatically refunded to the original payment method. No action is needed for fans to receive a refund. Please allow five to seven business days for refunds to be processed.

    ZZ Top Cancel Hollywood Bowl Concert With Cheap Trick Over Personnel Matters

    ZZ Top have cancelled their scheduled Hollywood Bowl concert with Cheap Trick due to what management has described as “unforeseen personnel matters”, with automatic refunds to be issued for all ticket holders.

    ZZ Top have cancelled their Hollywood Bowl performance with Cheap Trick that had been scheduled for 5 August in Los Angeles, citing unforeseen personnel matters. The cancellation was confirmed by the band’s management less than 24 hours before the show, although no further details about the reason for the decision have been disclosed.

    The cancellation affects one of the headline dates on the current North American leg of ZZ Top’s The Big One! Tour. While management confirmed the Los Angeles concert will not proceed, the announcement did not indicate any broader disruption to the tour, which is currently expected to continue with its next scheduled performance in Fresno, California on 7 August.

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    How Rene Russo built property portfolio after Hollywood exit

    Rene Russo was one of the most bankable actresses of the 1990s, commanding multimillion-dollar paychecks alongside Mel Gibson and Pierce Brosnan before vanishing from the spotlight.

    Now sitting on a $60m ($US40m) net worth, The Hollywood superstar has built a savvy property portfolio generating tens of thousands in monthly income.

    While stepping back from acting, the Lethal Weapon 3 star and her screenwriter husband Dan Gilroy relied on a multimillion-dollar Los Angeles real estate collection.

    The couple put one of their Brentwood residences up for rent, asking $30,000 ($US19,500) per month.

    Built in the early 1990s, the four-bedroom residence sits on a wooded hillside with views across surrounding canyons. The couple purchased the home in 1999 for $3.4m ($US2.4m).

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