Latest news with #AFR
ABC News
a day ago
- Business
- ABC News
Half disclosure
And now we turn to the pages of the financial press where, in a bid to fatten our wallets, Australia's business barons have been doling out market intelligence: There are clear reasons for a more bullish sentiment to take hold in private capital investment in 2025. - The Australian Financial Review, 20 March 2025 Rightio then … … prudent investors recognise that today's investments form the bedrock for tomorrow's portfolio health. - The Australian Financial Review, 20 March 2025 And in a stroke of great fortune, the AFR's correspondent happens to be one such prudent professional investor who's just a click away via this helpful link. In fact, The Australian Financial Review's 'Industry Insight' column is a veritable well of wisdom drawing as it does right from the source. Last month it warned not to be left behind by the AI revolution: … for those prepared to adapt, complexity is not a threat; it's a chance to thrive. … this is the moment to shift gears. - The Australian Financial Review, 25 June 2025 And as luck would have it, our scribe just so happened to work for an IT consultancy—no doubt happy to muck in and help. Two weeks earlier, the AFR sounded the alarm on underinsurance: In a worst-case scenario, investors may have to sell their property … - The Australian Financial Review, 12 June 2025 And a handy thing it was, that the author happened to work for a company that flogs insurance. And on it goes. The booming Asia Pacific market, by fundies who specialise in the Asia Pacific market. Electric vehicle subsidies by the CEO of an electric vehicle manufacturer. And the very many advantages of real-time banking rendered into poetry by a real-time banker. So why on earth is Australia's premier financial rag printing columns which read like advertising dross? I'll give you one guess. Because that's what they are. 'Industry Insight' might have done little to help readers make coin, but they have certainly been a nice little earner for the AFR. And how do we know? Because open 'Industry Insight' on the AFR's website and the sponsorship is plain as day. A mere oversight, I hear you say? The Fin's poor harried subs too busy to scratch themselves let alone lay-out a proper disclosure in print. Just one problem with that theory, because for all of 2021 and 2022 The Australian Financial Review clearly marked its 'Industry Insight' feature as sponsored content, allowing readers to choose whether to read the balderdash or turn the page and find some real news instead. But from about August 2023, the disclosure mostly disappeared. Now, could it be that ads disguised as genuine articles might be better read? 'Not at all', we were assured by Nine. A spokesperson for the paper said it was a mere: … unintentional discrepancy in content published in some print editions of the AFR. We have reviewed our operational processes with the commercial team to help ensure it doesn't happen again. - Email, Nine Spokesperson, 25 July 2025 Just some print editions? Try almost two years' worth. But with its half-pregnant disclosures, perhaps we shouldn't be too harsh. After all, the AFR is all about squeezing the lemon consciously or otherwise and what better than passive income!
Sky News AU
6 days ago
- Business
- Sky News AU
Coalition demands answers after Albanese government lifts biosecurity restrictions on US beef imports
The Albanese government is being urged to explain its backflip on a US beef ban after the Prime Minister previously insisted Labor would not 'compromise' on biosecurity. The Australian Financial Review revealed on Thursday that Australian officials had notified their US counterparts that restrictions on the importation of US beef will be lifted following a scientific review of the biosecurity risks. Responding to the reports on Thursday, Nationals Senate Leader Bridget McKenzie said the decision could pose a risk to our beef industry. 'We need to make sure our $11 billion beef export industry is protected. Our concerns would be any watering down of those science-based protocols would lead the risk of disease, entering this country, and our farmers, being subjected to unnecessary risk,' Ms McKenzie said. Shadow finance minister James Paterson said the government needed to explain its backflip. 'The prime minister himself has said that we couldn't relax the restrictions on the importation of US beef because of serious biosecurity concerns," Mr Paterson told Sky News. "So if the government has found some way of dealing with that issue, protecting our domestic agricultural industry from the introduction of foreign diseases and pests, then they should say so they should stand up and explain that, not anonymously leak it to a newspaper. 'Full credit to the AFR for getting the story, but a major story like this affecting a major export industry of about $11 billion a year and about an $82 billion domestic industry, when you include red meat more broadly, deserves more answers than this.' The restrictions had been cited by President Donald Trump as a justification for his decision to impose a 10 per cent across the board tariff on Australian imports – as well as much larger tariffs on steel and aluminium – in violation of the existing Australia-US free trade agreement. 'Australia bans – and they're wonderful people, and wonderful everything – but they ban American beef,' President Trump said in April In response to the comments, Prime Minister Albanese emphatically declared his government 'will not change or compromise any of the issues regarding biosecurity, full stop, exclamation mark, it's simply not worth it. So it's that simple.' A blanket ban on US beef imports - imposed following a mad cow disease in 2003 - was repealed in 2019. However biosecurity rules have remained in place due to the risk of beef from countries such as Mexico and Canada being imported through the US, and no American beef has been imported under the new scheme. But a government source told the AFR on Thursday that the US Beef Imports Review had undertaken a 'rigorous science and risk-based assessment over the past decade' and the bans would be lifted. Agriculture Minister Julie Collins confirmed the report, saying in a statement that her department was "satisfied the strengthened control measures put in place by the US effectively manage biosecurity risks.' However Cattle Australia CEO Will Evans said he was sure the decision would not have been made unless scientific experts had the 'utmost confidence' it would not impose a risk to Australia's cattle industry. 'Context is important here. We export more than $4 billion of beef a year to the US, and this has been a multi-year assessment process undertaken by the Department of Agriculture - they're the competent authority in this, and they're required to assess this under a rules based trading system. 'What they've done is they've completed a technical scientific assessment, and they've said, look, there are the right processes in place in these countries to be able to manage these risks, and they've determined that they're going to grant access after making this assessment over many years. 'Now, the cattle industry is a $75 billion industry in Australia. I'm sure they wouldn't have made this decision unless they had the utmost confidence that the science was correct.'
Yahoo
6 days ago
- Business
- Yahoo
Australia lifts biosecurity restrictions on US beef, AFR reports
SYDNEY (Reuters) -Australia has lifted its biosecurity restrictions on beef imports from the U.S., the Australian Financial Review (AFR) reported on Thursday, likely removing a key concern for U.S. President Donald Trump's administration over bilateral trade. Australia informed the U.S. of its decision after a review of the curbs it initiated more than 18 months ago, before Trump was elected for a second term, the AFR said in its report, citing an unidentified government source. Australian Prime Minister Anthony Albanese's office did not immediately respond to a request for comment. The AFR report said Albanese's Labor government will use the easing of rules to argue its case for the United States to wind back 50% tariffs on steel and aluminium and Trump's threat to impose a 200% tariff on pharmaceuticals. Albanese in April had ruled out relaxing Australia's strict biosecurity rules during tariff talks with the United States. Trump in April singled out the trade disparity on Australian beef after the country's beef exports to the United States surged last year, reaching A$4 billion ($2.64 billion) amid a slump in U.S. beef production. Since 2003, Australia has curbed entry of U.S. beef after detecting bovine spongiform encephalopathy (BSE), or mad cow disease. But Australia allows entry if the cattle were born, raised and slaughtered in the United States, though few shippers can prove these requirements, as cattle frequently move between the United States, Canada and Mexico. Australia views its strict biosecurity rules as safeguarding its disease-free cattle, helping it preserve access to lucrative markets such as Japan and South Korea, while Australian beef is prized by U.S. fast food chains for its lower fat content and competitive prices. ($1 = 1.5152 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Advertiser
21-07-2025
- Politics
- The Advertiser
Mark Latham set to be shamed with damning caption to official ALP portrait
The Australian Labor Party will not remove an official portrait of former leader Mark Latham from its caucus room but it will add a damning caption. On July 21, Minister for Women Katy Gallagher said members had decided to add the following words under the ex-ALP leader's portrait in the caucus room in Canberra: "In 2017, Mark Latham was expelled from the Australian Labor Party and banned for life. His actions do not accord with Labor values and fail to meet the standards we expect and demand." Mr Latham wrote on X in response to the decision: "Can't the Labor caucus go the full Stalin and white me with a trace around my head? Or replace that boring headshot with what the AFR says is my harem? Much more scenic." Labor Newcastle MP Sharon Claydon, who is the chair of the Federal Labor Caucus and Labor's Status of Women Committee and also chaired the Joint Select Committee on Parliamentary Standards, updated the Labor caucus on discussions among those concerned about the Latham portrait, all of whom agreed that it should remain with an accompanying note or plaque. It comes after allegations of domestic violence by his ex-lover and claims that he took photographs of female colleagues without their consent and made derogatory remarks in private messages leaked to the media. Some Labor MPs wanted his portrait removed from the federal caucus room, including social services minister Tanya Plibersek. Ms Gallagher told the ABC that while caucus members had "considered" removing the portrait, ultimately it would remain. READ MORE: 'He is a pig': Female MPs react to allegations Latham photographed them "I think there is a recognition on balance that, you know, you can't erase history," she said. "He was a leader, he was our leader for two years, and, you know, sitting there on the wall is an indication of where we have been, and perhaps for all of us, somewhere we don't want to return to." Mr Latham served as the leader of the Labor Party and leader of the opposition from December 2003 to January 2005, famously losing the 2004 election to John Howard. He left the ALP in 2017 and was expelled by the party. He joined Pauline Hanson's One Nation party in 2018, gaining a seat in the NSW upper house at the 2019 election. Mr Latham became an independent in 2023 after being fired by Ms Hanson. ACM has reached out to Mark Latham's office. The Australian Labor Party will not remove an official portrait of former leader Mark Latham from its caucus room but it will add a damning caption. On July 21, Minister for Women Katy Gallagher said members had decided to add the following words under the ex-ALP leader's portrait in the caucus room in Canberra: "In 2017, Mark Latham was expelled from the Australian Labor Party and banned for life. His actions do not accord with Labor values and fail to meet the standards we expect and demand." Mr Latham wrote on X in response to the decision: "Can't the Labor caucus go the full Stalin and white me with a trace around my head? Or replace that boring headshot with what the AFR says is my harem? Much more scenic." Labor Newcastle MP Sharon Claydon, who is the chair of the Federal Labor Caucus and Labor's Status of Women Committee and also chaired the Joint Select Committee on Parliamentary Standards, updated the Labor caucus on discussions among those concerned about the Latham portrait, all of whom agreed that it should remain with an accompanying note or plaque. It comes after allegations of domestic violence by his ex-lover and claims that he took photographs of female colleagues without their consent and made derogatory remarks in private messages leaked to the media. Some Labor MPs wanted his portrait removed from the federal caucus room, including social services minister Tanya Plibersek. Ms Gallagher told the ABC that while caucus members had "considered" removing the portrait, ultimately it would remain. READ MORE: 'He is a pig': Female MPs react to allegations Latham photographed them "I think there is a recognition on balance that, you know, you can't erase history," she said. "He was a leader, he was our leader for two years, and, you know, sitting there on the wall is an indication of where we have been, and perhaps for all of us, somewhere we don't want to return to." Mr Latham served as the leader of the Labor Party and leader of the opposition from December 2003 to January 2005, famously losing the 2004 election to John Howard. He left the ALP in 2017 and was expelled by the party. He joined Pauline Hanson's One Nation party in 2018, gaining a seat in the NSW upper house at the 2019 election. Mr Latham became an independent in 2023 after being fired by Ms Hanson. ACM has reached out to Mark Latham's office. The Australian Labor Party will not remove an official portrait of former leader Mark Latham from its caucus room but it will add a damning caption. On July 21, Minister for Women Katy Gallagher said members had decided to add the following words under the ex-ALP leader's portrait in the caucus room in Canberra: "In 2017, Mark Latham was expelled from the Australian Labor Party and banned for life. His actions do not accord with Labor values and fail to meet the standards we expect and demand." Mr Latham wrote on X in response to the decision: "Can't the Labor caucus go the full Stalin and white me with a trace around my head? Or replace that boring headshot with what the AFR says is my harem? Much more scenic." Labor Newcastle MP Sharon Claydon, who is the chair of the Federal Labor Caucus and Labor's Status of Women Committee and also chaired the Joint Select Committee on Parliamentary Standards, updated the Labor caucus on discussions among those concerned about the Latham portrait, all of whom agreed that it should remain with an accompanying note or plaque. It comes after allegations of domestic violence by his ex-lover and claims that he took photographs of female colleagues without their consent and made derogatory remarks in private messages leaked to the media. Some Labor MPs wanted his portrait removed from the federal caucus room, including social services minister Tanya Plibersek. Ms Gallagher told the ABC that while caucus members had "considered" removing the portrait, ultimately it would remain. READ MORE: 'He is a pig': Female MPs react to allegations Latham photographed them "I think there is a recognition on balance that, you know, you can't erase history," she said. "He was a leader, he was our leader for two years, and, you know, sitting there on the wall is an indication of where we have been, and perhaps for all of us, somewhere we don't want to return to." Mr Latham served as the leader of the Labor Party and leader of the opposition from December 2003 to January 2005, famously losing the 2004 election to John Howard. He left the ALP in 2017 and was expelled by the party. He joined Pauline Hanson's One Nation party in 2018, gaining a seat in the NSW upper house at the 2019 election. Mr Latham became an independent in 2023 after being fired by Ms Hanson. ACM has reached out to Mark Latham's office. The Australian Labor Party will not remove an official portrait of former leader Mark Latham from its caucus room but it will add a damning caption. On July 21, Minister for Women Katy Gallagher said members had decided to add the following words under the ex-ALP leader's portrait in the caucus room in Canberra: "In 2017, Mark Latham was expelled from the Australian Labor Party and banned for life. His actions do not accord with Labor values and fail to meet the standards we expect and demand." Mr Latham wrote on X in response to the decision: "Can't the Labor caucus go the full Stalin and white me with a trace around my head? Or replace that boring headshot with what the AFR says is my harem? Much more scenic." Labor Newcastle MP Sharon Claydon, who is the chair of the Federal Labor Caucus and Labor's Status of Women Committee and also chaired the Joint Select Committee on Parliamentary Standards, updated the Labor caucus on discussions among those concerned about the Latham portrait, all of whom agreed that it should remain with an accompanying note or plaque. It comes after allegations of domestic violence by his ex-lover and claims that he took photographs of female colleagues without their consent and made derogatory remarks in private messages leaked to the media. Some Labor MPs wanted his portrait removed from the federal caucus room, including social services minister Tanya Plibersek. Ms Gallagher told the ABC that while caucus members had "considered" removing the portrait, ultimately it would remain. READ MORE: 'He is a pig': Female MPs react to allegations Latham photographed them "I think there is a recognition on balance that, you know, you can't erase history," she said. "He was a leader, he was our leader for two years, and, you know, sitting there on the wall is an indication of where we have been, and perhaps for all of us, somewhere we don't want to return to." Mr Latham served as the leader of the Labor Party and leader of the opposition from December 2003 to January 2005, famously losing the 2004 election to John Howard. He left the ALP in 2017 and was expelled by the party. He joined Pauline Hanson's One Nation party in 2018, gaining a seat in the NSW upper house at the 2019 election. Mr Latham became an independent in 2023 after being fired by Ms Hanson. ACM has reached out to Mark Latham's office.
Yahoo
20-07-2025
- General
- Yahoo
New AFR and APD boathouse will reduce water rescue response time
ALBUQUERQUE, N.M. (KRQE) – Albuquerque's Fire and Police Departments said they'll be able to rescue people in the water faster, thanks to a new boathouse. AFR and APD will now be housing their airboats and other equipment at a brand-new garage. They said having their boats here saves them 10-15 minutes getting on the water. The Crew Behind Swift Water & Arroyo Rescues On a corner of Tingley Drive just north of the ABQ BioPark, a new garage is storing airboats for Albuquerque's Fire and Police Departments. Prior to this boathouse, AFR used to store their boats at Station Four near Coronado Park while APD's equipment was housed near their academy on Second Street. 'The issue there is any time we'd get a call, from driving from that location to our launch point at Tingley and Central is about 15-20 minutes, and so having this location here now cuts that down to five minutes at the most here to our launch location,' said Sergeant Brian Shannon, Albuquerque Police Department. This garage cost more than $600,000 and was completed last winter to house both AFR and APD equipment. AFR Lieutenant Jason Fejer said their boats were also used to respond to the bosque fires a few weeks ago. 'The bosque fire a couple of weeks ago, we actually had a couple of firefighters on APD's boat on the river with a pump fighting that fire from the river, so it does give us some flexibility on how we respond,' said Lieutenant Jason Fejer, Albuquerque Fire Rescue. Although there is no dedicated staffing at the boathouse, APD and AFR said its location still makes it convenient for available staff to report directly to the boathouse. The boathouse will also store ATVs and UTVs for police to patrol the bosque along with other necessary equipment. 'And that allows us to drive from here to across the street right into the bosque instead of having to load these up on a trailer, come here, park, unload them, and then drive in,' said SGT. Shannon. Both the fire and police departments said the boathouse location will allow them to keep more equipment and do more regular patrols on the river, but said they've put those on halt due to low water levels. AFR said they have another UTV coming in the fall that will be stored at the boathouse. It will have a water pump in order to help fight fires. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
