No fear of 'cockroaches'? Private credit funds raise billions as investors look past warnings
Investor appetite for private credit remains undeterred even as warnings mount over looser documentation and rising pockets of borrower stress.
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Investor appetite for private credit remains undeterred even as warnings mount over looser documentation and rising pockets of borrower stress.
Brooklyn Peltz Beckham's statement on his strained relationship with his parents features prominently on Tuesday's papers.
Life of Eraring power station in Lake Macquarie extended to April 2029, Origin Energy saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s largest coal-fired power plant, Eraring, will stay open for an extra two years until 2029, amid concerns about the national energy grid’s ability to support demand ahead of the station’s planned retirement.The operator of the plant in Lake Macquarie, Origin Energy, had previously agreed a deal with the New South Wales government to extend Eraring’s closure from 2025 to August 2027. While the state environment minister said the new extension would contribute to NSW’s emissions reductions, climate advocates described it as a “disaster” for emissions targets. Continue reading…
Liberal MPs likely to vote for watered-down hate speech provisions and new powers to legally designate extremist organisationsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor says moves to legislate “the strongest hate speech laws that Australia’s ever had” are close to success, with Liberal MPs expected to support tough new proposals in parliament on Tuesday.Late night and early morning negotiations have continued in Canberra as the second day of a special sitting gets underway. New gun laws, designed in the wake of last month’s terror attack at Bondi beach, are set to pass with support of the Greens, while Liberal MPs are expected to vote for separate hate speech provisions and new powers to legally designate extremist organisations under federal law. Continue reading…
Follow updates liveGet our breaking news email, free app or daily news podcastThe attorney general, Michelle Rowland, says the two bills on gun control and hate speech will be introduced to parliament this morning and that there has been “constructive engagement” with the Coalition over the last 48 hours.But on whether that deal is signed, sealed and delivered, Rowland, speaking on the ABC’s Radio National Breakfast, won’t guarantee the Coalition will support the bill when introduced and she says she won’t “pre-empt” anything.I don’t want to pre-empt any of those conversations, and particularly since they have been undertaken in good faith … some of those issues go around the listing of hate groups and that framework. And it is a fact that the opposition has sought a number of amendments to this area. I will point out that the removal of the serious vilification provisions do mean that these remaining provisions in the prohibited hate groups section do need to do a lot of work.I think we’re really close. I mean, effectively, the laws won’t be as strong as what the government wants them to be, and that’s been public for a while. But importantly, this will still involve the strongest hate speech laws that Australia’s ever had.We’ve got to deal with the parliament that we have, and I can’t see a pathway in the current parliament. Continue reading…
US Treasury secretary plays down prospect of bloc launching rapid and powerful countermeasures
Wall Street braced for losses when regular trading resumes Tuesday, as U.S. stock futures fell over the holiday weekend following President Donald Trump’s latest tariff threats against Europe.
Asia-Pacific markets are set to trade mixed amid renewed U.S. tariff threats tied to Greenland, stoking trade concerns.
China's stock market rally is drawing closer regulatory scrutiny after trading activity surged to unprecedented levels.
Move comes as peers prepare to vote on an amendment to a bill that would enact a ban within a year of the bill passingMinisters have launched a consultation into whether to ban under-16s from using social media as part of a package of measures designed to curb mobile phone use among young people.Liz Kendall, the technology secretary, announced the consultation on Monday as the government responds to mounting pressure for stricter curbs on social media use for younger teenagers. On Monday afternoon, Esther Ghey, the mother of the murdered teenager Brianna Ghey, became the latest high profile figure to add her name to those in support of a ban. Continue reading…
Investor appetite for private credit remains undeterred even as warnings mount over looser documentation and rising pockets of borrower stress.
Brooklyn Peltz Beckham's statement on his strained relationship with his parents features prominently on Tuesday's papers.
Life of Eraring power station in Lake Macquarie extended to April 2029, Origin Energy saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s largest coal-fired power plant, Eraring, will stay open for an extra two years until 2029, amid concerns about the national energy grid’s ability to support demand ahead of the station’s planned retirement.The operator of the plant in Lake Macquarie, Origin Energy, had previously agreed a deal with the New South Wales government to extend Eraring’s closure from 2025 to August 2027. While the state environment minister said the new extension would contribute to NSW’s emissions reductions, climate advocates described it as a “disaster” for emissions targets. Continue reading…
Liberal MPs likely to vote for watered-down hate speech provisions and new powers to legally designate extremist organisationsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor says moves to legislate “the strongest hate speech laws that Australia’s ever had” are close to success, with Liberal MPs expected to support tough new proposals in parliament on Tuesday.Late night and early morning negotiations have continued in Canberra as the second day of a special sitting gets underway. New gun laws, designed in the wake of last month’s terror attack at Bondi beach, are set to pass with support of the Greens, while Liberal MPs are expected to vote for separate hate speech provisions and new powers to legally designate extremist organisations under federal law. Continue reading…
Follow updates liveGet our breaking news email, free app or daily news podcastThe attorney general, Michelle Rowland, says the two bills on gun control and hate speech will be introduced to parliament this morning and that there has been “constructive engagement” with the Coalition over the last 48 hours.But on whether that deal is signed, sealed and delivered, Rowland, speaking on the ABC’s Radio National Breakfast, won’t guarantee the Coalition will support the bill when introduced and she says she won’t “pre-empt” anything.I don’t want to pre-empt any of those conversations, and particularly since they have been undertaken in good faith … some of those issues go around the listing of hate groups and that framework. And it is a fact that the opposition has sought a number of amendments to this area. I will point out that the removal of the serious vilification provisions do mean that these remaining provisions in the prohibited hate groups section do need to do a lot of work.I think we’re really close. I mean, effectively, the laws won’t be as strong as what the government wants them to be, and that’s been public for a while. But importantly, this will still involve the strongest hate speech laws that Australia’s ever had.We’ve got to deal with the parliament that we have, and I can’t see a pathway in the current parliament. Continue reading…
US Treasury secretary plays down prospect of bloc launching rapid and powerful countermeasures
Wall Street braced for losses when regular trading resumes Tuesday, as U.S. stock futures fell over the holiday weekend following President Donald Trump’s latest tariff threats against Europe.
Asia-Pacific markets are set to trade mixed amid renewed U.S. tariff threats tied to Greenland, stoking trade concerns.
China's stock market rally is drawing closer regulatory scrutiny after trading activity surged to unprecedented levels.
Move comes as peers prepare to vote on an amendment to a bill that would enact a ban within a year of the bill passingMinisters have launched a consultation into whether to ban under-16s from using social media as part of a package of measures designed to curb mobile phone use among young people.Liz Kendall, the technology secretary, announced the consultation on Monday as the government responds to mounting pressure for stricter curbs on social media use for younger teenagers. On Monday afternoon, Esther Ghey, the mother of the murdered teenager Brianna Ghey, became the latest high profile figure to add her name to those in support of a ban. Continue reading…