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ANZ boss Shayne Elliott in Brisbane on Thursday.

Elliott promises more growth for ANZ in mortgage assault

The ANZ chief executive tempered expectations that the “mortgage wars” that have dented profit margins would soon ease.

  • 13 mins ago
  • Lucas Baird
The City of Sydney Christmas tree in Martin Place.

Cost of living crunch adds urgency to Christmas charity appeals

Charities are reporting a dip in the number of donations amid a heightened need for support.

  • 13 mins ago
  • Gus McCubbing
Local shares are set to open lower after a late bout of selling in New York.

ASX falls; Pacific Smiles rallies; gold, lithium miners drop

Shares retreat after late US sell-off; Pacific Smiles turns down “undervalued” bid; $A eases to US67.37¢; global bond yields drop after UK inflation print; oil holds three-day gain. Follow updates here.

  • 23 mins ago
  • Timothy Moore, Sarah Jones, Joanne Tran and Cecile Lefort
CBA CEO Matt Comyn and his outgoing deputy David Cohen

Comyn loses his deputy; No ship to Red Sea; Inside the secret CEO school

Read everything that’s happened in the news so far today.

  • 28 mins ago
Acting Prime Minister Richard Marles says there will be an Australia Day function at Australia House in London next year.

Personnel increase, but no ship to Red Sea: Marles

Marles reiterates Australia’s Pacific focus; Talks continue for fresh ceasefire in Israel Gaza war; Cape York braces for flooding. Follow updates here.

  • 29 mins ago
  • Maxim Shanahan
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Ken MacKenzie: “It’s a unique role, and nothing prepares you for it.”

Inside the secret school for ASX CEOs

Chanticleer has been given a rare look inside the invite-only course for new ASX150 CEOs, which is the brainchild of BHP chairman Ken MacKenzie.

  • 1 hr ago
  • James Thomson
A Virgin Australia plane at Sydney Airport. The airline reported some of the worst on-time flight statistics in November.

Almost half of all Virgin Australia flights delayed in November

Some 62 per cent of domestic Qantas flights arrived on time, with Transport Minister Catherine King warning the government could act if issues persisted.

  • 1 hr ago
  • Kylar Loussikian and Ayesha de Kretser
There is darkness in this Christmas story which is little reflected in the customary cards and carols focussing only on the joy of a new life.

‘Hark the herald angels sing …’ But peace on earth, when?

Does the strife in the Holy Land question the relevance of Christmas, or render its message more urgent?

  • 1 hr ago
  • Colleen O'Reilly
WiseTech billionaire Richard White.

Billionaire Richard White spends $11m on Rolling Stone’s local owner

The WiseTech founder, worth an estimated $10.5 billion, will bankroll ASX-listed Vinyl Group’s acquisition of The Brag Media.

  • 1 hr ago
  • Sam Buckingham-Jones
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Shippers know the Suez is always a crisis waiting to happen

The channel should still be used, when it’s safe, as the savings are great. But knowing there’s a backup is enough assurance that the global economy won’t crash.

  • Tim Culpan

CBA’s Matt Comyn loses his right-hand man, the meticulous David Cohen

Over 15 years at the bank, David Cohen has seen it all. On his retirement, he provides a potted history of CBA’s numerous troubles and its transformation.

  • James Eyers
Donald Trump supporters listen to him speak at a rally in Waterloo, Iowa.

Trump seeks to spin court ruling into political gold

The former president’s re-election bid may hinge on upcoming judgments in the US Supreme Court.

  • James Politi, Stefania Palma and Alex Rogers
President Joe Biden

More states gear up to hear challenges to Trump’s eligibility

More than a dozen other states have pending legal challenges under the same amendment, according to US media reports.

  • Matthew Cranston
The Red Sea route disruption has bolstered demand for oil from the North Sea.

Oil edges higher as Red Sea risks outpace rising US inventories

Oil swung in a wide range before ending the session in New York modestly higher, extending its winning streak to three days.

  • Updated
  • Julia Fanzeres and Alex Longley
Wall Street.

ASX to fall, S&P 500 rally runs out of petrol

Australian shares are set to open lower. US stocks sell-off late; Dow sheds 475 points. S&P 500 slides 1.5pc.

  • Updated
  • Timothy Moore
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As Washington tries to forge a common position - one option is strikes on Yemen - shippers are digging in for weeks of disruption.

Over 100 container ships reroute as US weighs Red Sea response

Insurance premiums are surging for those who do cross the Red Sea, freight rates are up and so are oil prices – all potential factors for more inflation.

  • Stefan Nicola
French President Emmanuel Macron.

EU, France deliver migration crackdowns as populists surge

A “breakthrough” deal could end years of infighting over illegal immigrants. Emmanuel Macron needed a key rival’s support for his tough reforms.

  • Hans van Leeuwen
The Greens have argued that “technology has put the office in our pocket – meaning we are contactable day and night”.

Business fights back against ‘right to disconnect’ from work

Employers have come out in opposition to a Labor-Greens deal on a right to disconnect after warning it risks returning workplaces to rigid nine-to-five environments.

  • David Marin-Guzman
CSIRO’s annual price comparison of energy sources included transmission and storage costs in renewables calculations for the first time. They still came out on top.

Renewables are cheapest, even with poles, wires and batteries added in

CSIRO’s annual price comparison of energy sources include transmission and storage costs in renewables calculations for the first time. They still come out on top.

  • Ben Potter

Chemist Warehouse: A look inside the deal of 2023

This week on The Fin podcast, Carrie LaFrenz and James Thomson on the rise of Chemist Warehouse, its deal with Sigma and the biggest risk facing the new merged business.