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The AFR View

Editorial

The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.

The AFR View

Yesterday

The fuel security challenge might be the crisis du jour, but our failure to treat sovereignty as a national responsibility extends far beyond the petrol pump.

Australia’s fuel crisis is just the first domino to fall

Rebuilding our lost sovereignty will require government to rein in profligate spending on industry losers and stop treating the budget as a bottomless well.

This Month

Rio Tinto are sending clear signals about Tomago aluminium smelter’s commercial unviability as the net zero energy transition drives up electricity prices.

Canberra wants Tomago saved – just not all on its dime

Australia needs to avoid indulging in political slush funds dressed up as “industrial policy” and pivot towards a smarter, future-looking strategy.

Anthropic chief executive Dario Amodei.

Time for government to show Dario Amodei its hand in AI poker game

Giants such as Anthropic want to invest fortunes in Australia for infrastructure, and Australia wants their money, but the government must play its cards right.

European trade policy is shackled by agrarian protectionism, high regulatory standards and the political complexities of the EU system.

EU deal shows rules-based order isn’t dead yet

The EU deal may not be what every sector wanted, but in a world that is more contested and uncertain, it provides a valuable insurance policy for Australia.

Since Australia has little direct influence in Iran, we must outsource our Middle East diplomacy to Japan to secure a diplomatic pathway for cargo to transit the strait.

Bowen’s fuel contradiction is fuelling uncertainty

To restore confidence the Albanese government must level with the public about the risks facing the country and what it is doing to mitigate them.

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  Malinauskas largely staved off the One Nation infestation but they were not entirely immune. Labor was forced to rely on preferences to hold Elizabeth, Port Adelaide, Light and Taylor.

South Australian election shows two-party system is breaking down fast

The irony of the SA election result is that the grievances driving One Nation supporters are occurring on Labor’s watch, but the Liberals are bearing the brunt.

Curtis has built a company that has secured investment from institutional giants like Blackstone, Nvidia and Temasek. Of course, Curtis’ professional ascent has been aided by his family connections.

Firmus’ IPO ambitions puts Oliver Curtis’ redemption to the test

In a free market, the ultimate arbiter of the technology company co-founder’s character will be the prospective investor.

Just as Jim Chalmers must be more like Paul Keating, Anthony Albanese will also need to become more like Bob Hawke.

Can Albanese-Chalmers do a Hawke-Keating on budget repair?

If geopolitics worsens Australia’s pre-existing economic malaise, doing nothing about the condition of the budget could be the biggest risk of all.

BHP’s new chief executive Brandon Craig, chairman Ross McEwan and departing chief executive Mike Henry.

New BHP boss has work cut out for him to deliver copper future

Mike Henry’s appetite for change defied initial perceptions. Now Brandon Craig must prepare for gathering storms.

Jacinta Allan

Jacinta Allan’s Big Build blindness exposed

In turning a blind eye to CFMEU misdeeds, the premier failed to uphold proper ministerial and governance standards.

Plumes of smoke and fire rise after debris from an intercepted Iranian drone struck an oil facility in the United Arab Emirates at the weekend.

RBA did the right thing. But the real pain is just beginning

The central bank’s experiment means borrowers face higher mortgage repayments on top of additional cost-of-living pressures imported from the crisis in the Middle East.

Shemara Wikramanayake and Matt Comyn are, of course, the best of frenemies in the banking market.

Banks’ new challenges post-Hayne: big tech, AI fraud and regulation

Just as APRA is recalibrating financial risk regulation to reflect the changing environment, policymakers need to balance the threats and opportunities of AI.

President Donald Trump declared on social media that “hopefully” America’s allies, along with China, would send warships to help get oil flowing again through the critical transit lane in the Persian Gulf.

Australia should be able to help keep oil flowing – but probably can’t

It’s one thing to be hesitant of Australia’s navy joining the US in Iran, it’s another when it lacks the military capacity to protect strategic and economic interests.

From Stalin to Iran, we are relearning history’s oil lessons the hard way

If disruptions intensify, politicians may well find themselves dusting off the emergency playbook of the 1970s, including odd-even number plate rationing.

The debate about a royal commission into the Bondi massacre continues.

Royal commission faces challenges after Richardson’s exit

The hope now is that the commissioner’s vast judicial powers can overcome a disorderly start to provide the forensic accountability the Bondi victims deserve.

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Anthropic chief executive Dario Amodei refused to accept the Pentagon’s latest proposal.

Anthropic’s bet tests whether we will embrace AI or regulate it away

If too much red tape stops AI companies from setting up shop in Australia, we will end up having little to regulate.

Energy Minister Chris Bowen has urged Australians not to panic buy petrol.

Running a modern economy on a month’s spare fuel is a gamble

Current policy settings may have worked during a more benign era of globalisation, but just-in-time supply chains risk arriving too little and too late.

China importing iron ore

Australia built its wealth on iron ore. Now China holds the cards

Pro-growth policies that strengthen economic resilience would help us weather global economic firestorms, such as the oil price-induced panic that engulfed markets.

The Trump administration’s war strategy is questionable.

Trump’s war on Iran is a long way from won

For Australia, the best hedge against rising strategic risks is to stay focused on the fundamentals.

Nvidia CEO Jensen Huang was as upbeat as ever. Investors were unfazed.

The AI arms race is no longer run by Nvidia – it’s run by Trump

Trump’s encroachment on the AI industry is a reminder of the importance of preserving the US alliance and cautiously managing frictions in the relationship.