Intelligence for the new Australian economy.
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SCOOP: Anthony Albanese's office sent a secret manual to government departments on how to sidestep questions on notice from Senate estimates.
Current and former senators say the edict, seen by Capital Brief, represents contempt of the Senate.
Read more: capitalbrief.com/newsletter/…
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The Judith Neilson Institute is set to return to the Australian media landscape with around $72m to support journalism initiatives.
But this time major publishers like The Sydney Morning Herald and Australian Financial Review will miss out.
capitalbrief.com/article/med…
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Will 2024 see Australia's nascent space tech sector liftoff?
A maiden rocket launch for Queensland-based @GilmourSpace next month could lead the way for a growing cohort of Australian space tech companies already punching above their weight. capitalbrief.com/article/why…
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The sale of Sun Cable to Mike Cannon-Brookes' Grok Ventures and Quinbrook Infrastructure Partners has been finalised, with the tech billionaire looking to build the world's largest solar array in the NT and an undersea cable connecting it to Singapore capitalbrief.com/briefing/su…
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It's hard to think of commercial lawyers as edgy, but that's exactly how Michael Bradley describes his firm @marquelawyers, which he says operates "in the sort of edgier areas of the law."
But it's AI that's occupying Bradley's mind most right now. capitalbrief.com/article/mar…
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In a huge week for the ACCC and chair Gina Cass-Gotlieb, Qantas is being sued for allegedly advertising tickets for thousands of flights it had already cancelled.
@L_K_Henning recently sat down with Cass-Gotlieb for an extensive interview. Here's more🧵
capitalbrief.com/article/com…
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Australian startup @EarlyworkHQ has closed a $1.5m seed round to expand its tech sales bootcamp to new roles and regions capitalbrief.com/briefing/ea…
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Senior Labor sources have told Capital Brief a ministerial reshuffle is imminent, with many expecting Prime Minister Anthony Albanese to make an announcement this Sunday 🧵
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Stephen Koukoulas is best known as a high-profile economic commentator.
But the former political adviser now has a side hustle selling... giant multicoloured apples.
capitalbrief.com/article/how…
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One of the largest startup investor networks in Australia is closing in on $100m under management – without even raising a fund.
@TEN13vc managing partner @StewGlynn is now on the hunt for 'picks and shovels' AI deals as his firm appoints new partners.
capitalbrief.com/article/vc-…
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Jim Chalmers has an economic story he’s desperate to tell. And he’s told it to our economics correspondent @JennieDuke. Here’s her take on the federal treasurer’s vision👇
capitalbrief.com/article/bey…
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📣 Special access offer for waitlist members📣
We’re busy preparing for the upcoming launch of Capital Brief and can’t wait to show you what we’ve been working on!
Go to capitalbrief.com to join the waitlist and receive special access at launch.
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BREAKING: Japan's Renesas is set to acquire Australian tech company Altium in a deal worth $68.50 per share in cash, valuing the business at $9.1 billion.
Read more: capitalbrief.com/article/jap…
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Stephen Koukoulas (aka @TheKouk) is best known as a high-profile economic commentator.
But the former political adviser now has a side hustle selling... giant multicoloured apples. capitalbrief.com/article/how…
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Australian politicians and staffers are remarkably not technically banned from betting on elections.
WA Independent Kate Chaney urgently wants that to change.
capitalbrief.com/article/uk-…
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Oil giant Saudi Aramco is poised to dip into Australia's LNG market via a US$500 million ($774.4 million) minority stake in MidOcean, which is part of a consortium that has agreed a deal to take over Origin Energy capitalbrief.com/briefing/ar…
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Prime Minister Anthony Albanese sat down with Capital Brief for an exclusive interview ahead of Tuesday's budget, defending Labor's $1 billion investment into Silicon Valley startup PsiQuantum and his government's interventionist shift 🧵
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Australia’s eSafety Commissioner has issued legal notices to tech giants including Apple, Google, Meta and Microsoft, requiring the companies to report to the regulator every six months about measures they have in place to tackle online child sexual abuse
capitalbrief.com/briefing/te…
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In a wide-ranging interview, Atlassian founder @mcannonbrookes discusses his investments in AGL and SunCable and the problem with Australia's energy policy tribalism capitalbrief.com/article/mik…
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The crossbench is pushing for changes to a rule which slugs interest on HECS-HELP debt that former students have already repaid.
One MP warns that a private member's bill will be "ready to go" if the May budget doesn't adequately improve the system.
capitalbrief.com/article/cro…
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A new breed of plastics recyclers have risen from the ashes of the failed REDcycle program, proposing new facilities to turn soft plastics waste into oil.
But a lack of government policy is hampering progress.
capitalbrief.com/article/pla…
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DroneShield has cited a Capital Brief article as the possible cause of today's selloff, telling the ASX there was no new company information or change of circumstances behind the 30% fall in its share price before trading was briefly halted capitalbrief.com/briefing/dr…
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Founded in Melbourne, @synchroninc has inserted its brain implants into 10 human patients.
The company has attracted funding from Bill Gates and Jeff Bezos - and it's further along than Elon Musk's Neuralink in clinical trials.
Here's the full story👇
capitalbrief.com/article/the…
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SCOOP: Canva has completed the multi-billion dollar sale of shares held by early employees and backers to institutional investors, in one of the biggest 'secondaries' in global startup history
capitalbrief.com/article/can…
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At the start of this month, Capital Brief stumbled on the massive story that the Albanese government was planning to overhaul the stage 3 tax cuts.
Here’s how it played out. capitalbrief.com/article/beh…
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Nine Entertainment is facing a leadership overhaul with its managing director of publishing James Chessell stepping down from the role capitalbrief.com/article/nin…
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"I am a Liberal."
One of the few remaining moderate Liberal MPs, Bridget Archer, has reaffirmed her commitment to the party despite concerns it has not learnt its lessons from its defeat at the 2022 election.
capitalbrief.com/article/i-a…
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Anthony Albanese is in China this week, meeting with President Xi Jinping and Premier Li Qiang.
But back at home, a sensitive review into data harvesting by Chinese platforms TikTok and WeChat is sitting with Cabinet - despite being completed in March.
capitalbrief.com/article/fed…
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The startup ecosystem is freaking out about the Albanese government’s plans to significantly lift the financial thresholds allowing retail investors to back startups capitalbrief.com/article/vcs…
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In 2021 Cheryl Mack (@cmack4life) co-founded @AussieAngelsHQ, a platform that helps investors launch syndicates, after struggling to find a way to easily invest with others.
She chatted with Capital Brief about her accidental path to angel investing.
capitalbrief.com/article/the…
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Would you eat plant-based sashimi?
Australian startup @BoldlyFoods is heading to California with a delivery of plant-based prawns, calamari and sashimi products.
But it's entering the US amid waning enthusiasm for alternative meats. capitalbrief.com/article/aus…
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The federal opposition is urging the Albanese government to respond to a high-level review into TikTok that it has been sitting on for a year.
It follows the passing of a bill in the US lower house this week that could ban the video sharing platform.
capitalbrief.com/article/alb…
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SCOOP: Australia is set to follow Sweden and Canada in restoring funding for the United Nations Relief and Works Agency, which supports Palestinian refugees in Gaza.
Read more: capitalbrief.com/article/pen…
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Australia needs to roll out 10,000km of new transmission lines to meet its renewable energy targets. But the rollout is encountering resistance from farmers and community groups.
capitalbrief.com/article/the…
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Our chief political correspondent Anthony Galloway is coming up soon on @ABCthedrum 👇
TONIGHT: Crossbenchers in federal parliament unite to introduce the Restoring Trust Bill – calling for more transparency with political donations.
PLUS: The Matildas march into the World Cup quarter-finals – are they setting an example of leadership for the nation? #TheDrum
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Cultivated meat had a moment a few years ago, before funding into the segment tumbled as much as 75.5% last year.
But two Australian startups - @itsjustvow and @MagicValleyFood - have very different plans to shift waning sentiment towards the sector.
capitalbrief.com/article/the…
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Australian AI entrepreneur Jeremy Howard has capped an $12.2m angel investment round for his latest startup, Answer.AI.
Among those participating in the round, which closed overnight, were the co-leads of Google’s Gemini AI.
capitalbrief.com/article/goo…
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Co-founder of Seek and @SquarePegCap, @PaulBassat is arguably the "godfather" of Australian startups.
He spoke to Capital Brief about the art of valuing startups, when to call it quits and his desire to be more patient. capitalbrief.com/article/how…
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The Fair Work Commission has increased the national minimum wage and all modern award minimum wage rates by 3.75%, effective from 1 July
capitalbrief.com/briefing/mi…
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As the government loosens citizenship requirements for the Australian Defence Force, a Russian-born Army private and her husband have become the first people charged under Australia’s new espionage laws
capitalbrief.com/article/rus…
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Welcome to the team!
Today was my last day at Crikey! Excited to be joining the team at @CapitalBrief from next week as media correspondent. As ever, please feel free to tell me all about your bosses/what's happening in your workplace
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Australia's housing market has rebounded faster than most in the world — to the delight and dismay of those living within it.
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Venture capital firm @SquarePegCap has surpassed more than $1.12 billion returned to investors.
It has also promoted a new partner as it looks to raise its next fund in the second half of 2024.
capitalbrief.com/briefing/sq…
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JB Hi-fi has trimmed its shareholder payout after reporting a drop in half-year profit amid challenging retail conditions capitalbrief.com/briefing/jb…
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There’ll be more on greenwashing, too. After a 2022 “internet sweep” of environmental claims, Cass-Gottlieb said the ACCC has “a range of investigations” into cosmetics and food & beverage sectors.
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Today we've launched Standup, your daily head start on what happened overnight and what lies ahead today.
In the first edition of our latest newsletter, we cover Sam Altman raising funds for a new chip venture, Labor's gas supply deals... and much more.
capitalbrief.com/newsletter/…
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Cass-Gottlieb is also making her mark on mergers. Not only has the regulator recently successfully blocked Telstra and TPG Telecom’s network sharing deal, it’s gearing up for another competition tribunal fight: this time on ANZ’s plans to acquire Suncorp Bank.
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When we met, Cass-Gottlieb said the ACCC was “on the brink of a range of proceedings with a sort of very strong consumer protection focus.” Yesterday’s Qantas lawsuit looks like step 1.
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Read Laurel’s interview here: capitalbrief.com/article/com…
And you can sign up for 45 days of complimentary access to Capital Brief here: capitalbrief.com/special-acc…
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Julie Inman Grant, Australia's eSafety Commissioner, spoke to Capital Brief about dealing with the world's biggest tech companies, the privacy debate, and the best advice she's ever been given. More from @L_K_Henning and @dvanboom👇
capitalbrief.com/article/the…
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New from our reporters:
- How Elaine Stead's story was drowned out by a man - again
- The Australian company taking on Elon Musk's Neuralink
- Inside the room at Magellan's sombre AGM
- Why are national network outages still a thing in 2023?
Read here👇
capitalbrief.com/newsletter/…
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“They do not represent anything like the economic mainstream. That’s a big problem. It is clearly an echo chamber."
Economist Steven Hamilton's critique of the ABC's economics coverage highlights tensions over the way immigration and inflation are covered.capitalbrief.com/article/why…
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US President Joe Biden said bills the Republicans opposed had attracted US$650b into private sector investments in clean energy and advanced manufacturing.
Here are the other key points from Biden's State of the Union Address 👇
capitalbrief.com/briefing/ke…
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Battery materials company Talga Group has signed a joint development agreement with clean technology group Altilium Metals to recycle graphite from used electric vehicle batteries
capitalbrief.com/briefing/ta…
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Mike Cannon-Brookes' SunCable has named Tasmania as the preferred site for its high voltage direct current (HDVC) cable manufacturing facility.
Bell Bay in the state's northwest has been named as a potential location for the plant. capitalbrief.com/briefing/ca…
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New from our reporters:
- The critical minerals crisis hits Australia
- Labor mulls multiple options to amend Stage 3 tax cuts
- Which ASX companies face a threat from AI?
- Peter Costello warns against rate cut hopes
All in today's Edition newsletter capitalbrief.com/newsletter/…
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The ABC is eager to re-establish an on-the-ground reporting presence in China after the PM's historic visit signalled a soothing of tensions with the country.
But its commercial media peers Nine and News Corp are treading more carefully. capitalbrief.com/article/aus…
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Annie Liao’s @the_builderclub program for Australian AI startups kicks off this week.
But she’s keen to steer clear of the traditional accelerator tropes.
capitalbrief.com/article/how…
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The Edition is Capital Brief's flagship newsletter, delivering our biggest stories directly to your inbox every weekday. Sign up to receive our newsletters here: capitalbrief.com/newsletters…
And take a look at today's Edition here: capitalbrief.com/newsletter/…
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Treasurer Jim Chalmers has asked Anthony Albanese to recommend to the Governor-General that Treasury Secretary Steven Kennedy be reappointed in the role when his current term expires
capitalbrief.com/briefing/tr…
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Cultivated meat had a moment a few years ago, before funding into the segment tumbled as much as 75.5% last year.
But two Australian startups - @itsjustvow and @MagicValleyFood - have very different plans to shift waning sentiment towards the sector.
capitalbrief.com/article/the…
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Why is the trial running for so long? In the US, Epic’s lawsuits against Apple and Google were kept completely separate, but here in Australia Federal Court Judge Jonathan Beach will be hearing the four linked matters together between now and early July.
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Afterpay, one of Australia’s most recognisable startups, made history when it sold for $39 billion.
Two years later and amid major upheaval at parent Block, insiders say its future is in doubt.
capitalbrief.com/article/pay…
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Community platform Lounge has raised $4m in a seed round that included global investment firms and private investors capitalbrief.com/briefing/co…
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Could 'green iron' soon become as cheap as the regular kind?
capitalbrief.com/article/thi…
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In an exclusive interview, Fatima Payman reveals she was called in to console a Palestinian man whose family members were killed in Gaza after a Labor MP's office sent him a templated answer meant for Jewish constituents.
Read the full interview here 👇
capitalbrief.com/article/in-…
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Piloting the nation out of financial turbulence is difficult.
But the RBA looks like it might achieve one of the trickiest economic manoeuvres: a soft landing. capitalbrief.com/article/a-s…
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Luminaries from the global tech and venture capital sectors have rushed to praise Scott Farquhar after he announced plans to step down from Atlassian after 23 years
capitalbrief.com/article/leg…
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It has been widely speculated that Immigration Minister Andrew Giles will be moved to another portfolio.
Meanwhile, Agriculture Minister Murray Watt has been floated as an option to take over home affairs from Clare O'Neil, or an elevated immigration portfolio or housing.
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The $1 billion-plus CSIRO-backed vehicle @MSeqVC has hired prominent venture capitalist @ElaineStead as a principal on its investment team as it ramps up its search for deep tech startups to add to its portfolio
Read more: capitalbrief.com/article/ela…
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The economic case for the Voice - as articulated by @MelindaCilento, CEO of think tank CEDA capitalbrief.com/article/the…
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Fortescue is slashing 700 jobs globally as it restructures capitalbrief.com/briefing/fo…
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When I asked Cass-Gottlieb about the merger-law proposals she put forward earlier this year and the concerns they have caused among lawyers over future appeals, she says she’s sure “that concern in relation to the access to the Federal Court is misplaced” (we get into that).
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Meet Chad Profitz, arguably Australia's best LinkedIn creator.
Our reporter @jack_derwin spoke to the person behind the satirical account that's gained a cult following in corporate Australia👇
capitalbrief.com/article/mee…
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Technology investor @TidalVC has secured a "significant institutional investment" from the Queensland Government to support and invest in Australian startups with a focus on cybersecurity, customer experience, and productivity and automation
capitalbrief.com/briefing/qi…
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Lithium producer Pilbara Minerals has expanded an offtake agreement with China’s Ganfeng to supply more spodumene concentrate to one of its biggest customers capitalbrief.com/briefing/pi…
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Shares in Evolution Mining have slid to a three-month low after the gold miner reported a disappointing December quarter and a cost blowout at its Canadian mine capitalbrief.com/briefing/ev…
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Carbon capture startup Fugu has raised over $1m in a seed round backed by @investible, with participation from Australian investors @JelixVC and Electrifi Ventures, as well as London VC @wecounteract
capitalbrief.com/article/ex-…
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The last remaining executive in Meta's Australian news partnerships team is moving to a new role.
It casts further doubt over the renewal of deals - worth about $100m - the social media giant struck with publishers under the federal media bargaining code. capitalbrief.com/article/met…
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The Biden administration’s move last year to cripple China’s ability to procure and produce cutting-edge semiconductors, has been described as tantamount to an act of war.
But have US sanctions spurred China to make faster technological advances? capitalbrief.com/article/fea…
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As fears mount over the impacts of AI, calls for it to be properly regulated are getting louder.
But at least one of the of the government's key economic advisory bodies is urging against 'overzealous' regulation that could stifle its benefits. capitalbrief.com/article/the…
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Prime Minister Anthony Albanese is set to meet Chinese President Xi Jinping twice before the end of the year capitalbrief.com/article/alb…
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Most people would have their hands full running a US$48b company. But when Mike Cannon-Brookes isn't steering @Atlassian, he's probably working on his clean energy investments in AGL and SunCable.
Here's the best from his wide-ranging interview with Capital Brief.
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Meta has hit back at News Corp, after the publisher’s Australian boss Michael Miller accused the company and other big tech firms of “exploiting” the law, as he called for the government to introduce tougher tech regulation
capitalbrief.com/briefing/me…
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TikTok’s Australian boss, Lee Hunter, is expected to imminently step down from his role
capitalbrief.com/article/tik…
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Canva has pulled the wraps off its much anticipated AI-powered Magic Studio.
Billed by the company as "the first all-in-one suite of design AI tools", a lot of Australian VCs will be watching closely. capitalbrief.com/article/beh…
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The sources cautioned that this could change if events dictate.
But the timing would suit the government, considering it would likely be drowned out by the Paris Olympics opening ceremony and ongoing fallout from Joe Biden’s exit from the US presidential race.
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ASIC squares off against Kraken operator Bit Trade in landmark crypto trial.
It's a legal case that could have significant implications for the future of both leveraged financial products and digital currency trading in Australia. capitalbrief.com/article/asi…
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Bitcoin’s price has spiked 140% in the past six months, pushing it to an all time high earlier this week.
It's also refuelled a surge in memecoins, with Dogecoin successor DogWifHat reaching a market cap of over US$1.5 billion.
capitalbrief.com/article/bit…
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On the ACCC’s digital platform proposals put to government last year, it’s important for Cass-Gottlieb that Australia maintains pace with the EU and UK as “first moving jurisdictions,” and sees something in place “in this coming year”.
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PwC confirms 329 redundancies and accelerates retirement for 37 partners
capitalbrief.com/briefing/pw…
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The eSafety Commissioner has released draft standards that would require tech companies to do more to combat child abuse and pro-terror material online capitalbrief.com/briefing/es…
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How do you make an autonomous vehicle aware of its surroundings?
Visionary Machines, a Sydney-based startup backed by the venture capital arm of the CIA, thinks it has the answer.
capitalbrief.com/article/vis…
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Sustainable manufacturing tech startup Xefco has raised $10.5m in a funding round led by Australian deep tech venture capital firm @MSeqVC
capitalbrief.com/briefing/st…
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Brookfield's $18.7 billion bid for Origin Energy could face a legal hurdle capitalbrief.com/article/bro…
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Robotics and AI company Andromeda has closed a $3m seed round led by Purpose Ventures, to help scale the rollout of its humanoid companion robot across Australia
capitalbrief.com/briefing/ro…
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In an exclusive interview, Fatima Payman reveals she was called in to console a Palestinian man whose family members were killed in Gaza after a Labor MP's office sent him a templated answer meant for Jewish constituents.
Read the full interview here 👇
capitalbrief.com/article/in-…
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Chief executive Chris Ellison has spent years assembling a billion-dollar bet on Australian lithium. Even he concedes the market is now in uncharted territory. capitalbrief.com/article/min…
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