Ed Husic’s AI centre of excellence to focus on ethical, humanist AI

Ed Husic’s AI centre of excellence to focus on ethical, humanist AI

The Labor party's $3 million pledge for a new artificial intelligence centre of excellence will aim to make Australia a hub of "ethical" AI development at a watershed moment of backlash against the internet giants, opposition spokesman for the digital economy Ed Husic has told The Australian Financial Review Innovation Summit. Mr Husic said 2018 would…
Banking royal commission interim report: Hayne debunks Bankwest conspiracy theorists

Banking royal commission interim report: Hayne debunks Bankwest conspiracy theorists

While the banking royal commission interim report, when read as a whole, provides a comprehensive and disturbing take-down of the sector, there's one chapter where one bank gets a ringing endorsement – and, ironically, it's on the very issue that created the political catalyst for the inquiry to be called in the first place. Long-running…
Miners unseat Telstra as the new dividend stars

Miners unseat Telstra as the new dividend stars

Australian investors are set to share in a record $18.9 billion dividend bonanza this month as the big miners have emerged as the market's new dividend stars, offsetting more miserly payouts from embattled blue chips like AMP and Telstra. Bell Potter's Richard Coppleson finds that for the year ruled off June 30, 2018, total dividends…
Scott Morrison better have (Jewish) faith

Scott Morrison better have (Jewish) faith

Two Australians had a marvellous Wednesday: US Open roughie John Millman at Flushing Meadows and Josh Frydenberg, a schoolboy tennis champion, in Canberra with a beautiful first set of national accounts. But in a case of profoundly unfortunate scheduling for the new Treasurer, the job's glorious firsts are set to be abruptly sabotaged. Because, while…
Turnbull’s shame: being slain by such halfwits

Turnbull’s shame: being slain by such halfwits

The Canberra Press Gallery – and indeed an entire micro-economy festering on capital hill, sustained by its heinous, perennial revue – has more red meat on its plate than it knows what to do with. We don't intend to expend much time or space repeating what's already been said (though, what's still left on the…
King, Azarenka back Serena Williams’ call on ‘sexist’ US Open chair umpire Ramos

King, Azarenka back Serena Williams’ call on ‘sexist’ US Open chair umpire Ramos

Serena Williams thought she was treated more harshly by the chair umpire in the US Open final than a man would have been. Williams was cited by official Carlos Ramos for three code violations during her 6-2, 6-4 loss to Naomi Osaka on Saturday: for getting coaching signals; for breaking her racquet, which cost her…
Labor backs the NEG as political mess sends power prices up

Labor backs the NEG as political mess sends power prices up

Labor will take the National Energy Guarantee or something similar to the next federal election as business and industry clamoured for certainty and new data showed power prices had jumped since the NEG was scrapped. While federal cabinet met on Monday to formally kill the NEG, a policy the government was claiming recently would reduce…
DIY property sales come to Toorak

DIY property sales come to Toorak

In Melbourne's eastern suburbs, a landowner is selling his own residential block of land by himself. That's not unusual – a proliferation of DIY sites has prompted owners in the world's second-most liveable city to take the sales and marketing process into their own hands and save a few dollars. But this one is different.…
Indonesia, Australia FTA to boost frozen meats, live cattle, grains, dairy

Indonesia, Australia FTA to boost frozen meats, live cattle, grains, dairy

Exporters of highly traded Australian goods including live cattle, beef, grains, dairy and steel will benefit from a new free trade agreement with Indonesia, expected to come into force by 2020. Prime Minister Scott Morrison secured an end to negotiations with Indonesian President Joko Widodo in Jakarta on Friday, also upgrading diplomatic relations to a…
Why global financial markets want Scott Morrison as PM

Why global financial markets want Scott Morrison as PM

There is absolutely no doubt that global financial markets want the Liberal Party to select Scott Morrison as prime minister. On Thursday, an overseas investment bank opined in a note to clients that as Prime Minister Morrison would be received "positively by the markets and see some recovery in the Australian dollar and risk [appetite]".…

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