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RUSSIAN ECONOMY ‘REELING’ FROM SANCTIONS: BIDEN

US President Joe Biden says Vladimir Putin will pay a ‘high price’ for the
invasion of Ukraine and has ‘badly miscalculated’; Russia has signalled a
furious assault may be about to start in major cities in Ukraine. Follow updates
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AUSTRALIA ROLLS OUT THE BARRELS AS DUTTON AMPS UP CHINA CRITICISM

Australia will make a modest contribution to the release of 60 million barrels
of oil from global reserves to try and keep a lid on petrol prices.

 * Opinion
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RUSSIA IS A POTEMKIN SUPERPOWER

I wouldn’t be surprised if postmortems on the Ukraine war eventually show that
there was a lot more rot at the heart of Putin’s military than anyone realised,
writes Paul Krugman.

 * Courts


IAG HIT WITH $300M OF CLAIMS LINKED TO GREENSILL CAPITAL COLLAPSE

The insurer says it was in the dark about policies a half-owned insurance agency
was signing.

 * Sharemarket


ASX CLOSES 0.3PC HIGHER AS COMMODITY PRICES SOAR

Rising prices for oil and iron ore helped power the energy and materials sectors
higher despite uncertainty stemming from Russia’s war in Ukraine.

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MAGELLAN’S STAFF RETENTION MOVES KEEP ZENITH ON SIDE

The head of influential ratings house Zenith says he’s changed his mind on the
issue of key man risk.

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WA RECORDS 1766 CASES ON EVE OF REOPENING; BOM ISSUES RAIN WARNING

WA posts case record; NSW authorities warn of dangerous and life-threatening
flash flooding; heavy falls, possibly exceeding 200mm, forecast from the Hunter
to South Coast. Follow updates here.

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THREE SCENARIOS FOR HOW THIS WAR ENDS

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ABRAMOVICH IS SELLING HIS $275M LONDON MANSION, BRITISH MP CLAIMS

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WHEN THE BOARDROOM BECOMES THE WAR ROOM

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CHANTICLEER


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REAR WINDOW


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RUSSIA-UKRAINE WAR

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AS THE TANKS ROLLED INTO UKRAINE, SO DID MALWARE. THEN MICROSOFT ENTERED THE WAR

A few hours before Russian tanks began rolling into Ukraine, alarms went off
inside Microsoft, warning of a never-before-seen piece of “wiper” malware.

 * Opinion
 * Russia-Ukraine war


HOW THE WEST’S FINANCIAL STRAITJACKET COULD DEFEAT PUTIN’S MILITARY MIGHT

Internal panic and a run on Russian banks to dump the crashing rouble means we
may be witnessing the first use of overwhelming economic force to help resolve a
modern armed conflict, writes Richard Holden.

 * Russia-Ukraine war


IMF, WORLD BANK TO APPROVE BILLIONS IN UKRAINE SUPPORT

The International Monetary Fund and World Bank are working on a multi-billion
dollar support package for Ukraine, with the first instalment set to be approved
within days.

 * Analysis
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STALLED OUTSIDE TWO BIG UKRAINIAN CITIES, RUSSIA ADJUSTS TACTICS

By attacking Kharkiv’s Freedom Square and blowing up a Kyiv TV tower, Russian
forces demonstrated they can strike across the country at will.

 * Analysis
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HOW RUSSIA IS LOSING THE INFORMATION WAR

Russia’s famous disinformation factory, like its military, is struggling to find
its feet. And Ukraine has stepped into the social media vacuum with aplomb.


COMPANIES

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API INVESTOR SEEKS LAST-MINUTE BOOST FROM WESFARMERS

Investors Mutual says Wesfarmers $1.55 bid should include the fully franked
special dividend.

 * Energy


SANJEEV GUPTA MAY GET A $593M HYDROGEN PLANT NEXT TO HIS STEELWORKS

The billionaire’s group says it makes sense to have a taxpayer-funded $593
million hydrogen plant on his doorstep where it can be integrated.

 * Earnings season


DAVID JONES SALES, PROFITS TUMBLE IN FIRST HALF

The department stores sales fell 9.2 per cent while profits slide nearly 45 per
cent, painting an ominous picture for rival Myer.

 * Insolvency


PROBUILD’S CREDITOR LIST TOO LONG FOR SNAIL MAIL

Practical measures about notification of creditors – and the unearthing of a
further 300 creditors in just one day – show how big the implications of
Probuild’s collapse are.

 * Governance


BHP, ANZ BOARDS PLAN FOR THE ‘UNTHINKABLE’ ARISING FROM WAR

Chairmen Ken MacKenzie and Paul O’Sullivan say boards and management need to
hope for the best and plan for the worst.

 * Fintech


NON-BANK LENDER BANJO SCORES $100M DEBT FACILITY

Online SME lender Banjo Loans has secured a $100 million debt funding facility,
to support a new wave of growth for the fintech.

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CORE LITHIUM JUMPS ON TESLA’S LATEST AUSSIE DEAL

Core Lithium shares spiked after locking a supply deal with Tesla, continuing
the US giant’s frenzied few months of deal making with Australian miners.


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MARKETS

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RATE EXPECTATIONS SCALED BACK ON GLOBAL GROWTH WORRIES

The intensifying war in Ukraine has investors paring back expectations of
monetary tightening by central banks.

 * GDP


HOW YOU ARE SPENDING YOUR MONEY (IN 10 CHARTS)

Here are 10 charts putting the latest national accounts data in perspective.

 * Markets Live


ASX ADDS 0.3PC; MINERS, ENERGY STOCKS RALLY

Australian shares close 0.3pc higher; Euro hits one-year lows against $A; Brent
climbs above $US110 ahead of OPEC+ meeting; GDP grew 3.4pc in Q4, on par with
expectations. Follow the latest here.

 * Energy


BLACKROCK: SOARING ENERGY PRICES UNDERLINE NEED FOR TRANSITION

A rally in coal, gas and oil prices simply points to the need for countries to
accelerate the transition towards greener forms of energy, BlackRock says.

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ECONOMY REBOUNDS 3.4PC IN DECEMBER QUARTER

The economy rebounded strongly in the December quarter after lockdowns in NSW,
Victoria and the ACT eased and households spent more of their take home pay.


OPINION

 * Australian economy


ECONOMY ROARS, BUT THERE ARE CHALLENGES AHEAD

The stimulus-fuelled economy is running hot after lockdowns, but the Coalition
and Labor must face up to risks on the horizon.

John Kehoe

Economics editor

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ORDINARY RUSSIANS MULL THEIR FUTURE AS SANCTIONS BITE

Price hikes, runs on banks, cancelled foreign travel and even their damaged
reputation around the world are just some of the problems facing Putin’s people.

Misha Zelinsky

Special correspondent

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RUSSIA’S WAR IN UKRAINE IS A WAKE-UP CALL ON AUSTRALIA’S CHINA RISK

Would Australia be willing to suffer massive economic pain to push back if
Beijing moves to take over Taiwan?

John Kehoe

Economics editor

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WE ARE IN A NEW IDEOLOGICAL CONFLICT MORE DANGEROUS THAN THE COLD WAR

The new conflict is not one between communists and capitalists, but one between
irredentist tyranny and liberal democracy.

Martin Wolf

Columnist

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FARMS HAVE NEVER BEEN SO LUCRATIVE – AND LOBBYISTS WANT MORE SUBSIDIES

A compliant rural media helps the National Farners’ Federation, which this week
sought funding for a bureaucracy to lobby for itself.

Aaron Patrick

Senior correspondent

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RUSSIA IS A POTEMKIN SUPERPOWER

Vladimir Putin may well take Kyiv. But even if he does, he will have made
himself weaker, not stronger.

Paul Krugman

Contributor


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POLITICS

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PM FORCED TO SHELVE PERTH TRIP IN COVID-19 BLOW

It’s better to be benched now than during the campaign proper. Not that catching
it once doesn’t stop you catching it again.

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MORE MONEY FOR DEFENCE, NATIONAL SECURITY SLATED FOR BUDGET

New defence, national security and humanitarian spending is on the cards for the
federal budget amid worries about Russia’s intentions in eastern Europe.

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RAPID HIV TESTS PITCHED TO ADDRESS PANDEMIC DECLINE

Greater use of rapid, at-home kits comes after a significant decline in
pathology tests during COVID-19 lockdowns

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FACTION-RIVEN NSW LIBERALS CAN’T AGREE ON ELECTION CANDIDATES

Party president Philip Ruddock may seek federal intervention after his state
executive refused to approve a factional deal to preselect candidates.

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COBALT MINE EXPEDITED TO CATCH UP WITH CHINA, RUSSIA, CONGO

Cobalt Blue has been granted ‘major project status’ for a $560 million plant
that proponents say will boost Australia’s role in lithium battery supply
chains.


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WORLD

 * Biden's White House


BIDEN VOWS TO FIGHT FOR DEMOCRACY, HIT INFLATION

Mr Biden said current tensions over Russia were a “battle between democracy and
autocracy”.

 * Coronavirus pandemic


NEW ZEALAND ANTI-VACCINE PROTESTERS SET FIRES AS POLICE BREAK UP CAMP

New Zealand Prime Minister Jacinda Ardern said she was angry and saddened at the
fires and damage.

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BURNT-OUT SHIP CARRYING PORSCHES, BENTLEYS AND LAMBORGHINIS SINKS

Volkswagen had VW, Porsche, Audi, Bentley and Lamborghini-branded models on the
vessel.

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GOLDMAN BANKER’S MESSY LOVE LIFE SCRUTINISED IN 1MDB TRIAL

A defence lawyer has attacked the integrity of the government’s star witness,
focusing on lies about his marital status and being married to two women at
once.

 * Russia-Ukraine war


AS THE TANKS ROLLED INTO UKRAINE, SO DID MALWARE. THEN MICROSOFT ENTERED THE WAR

A few hours before Russian tanks began rolling into Ukraine, alarms went off
inside Microsoft, warning of a never-before-seen piece of “wiper” malware.


PROPERTY

 * Office


COVID-19, FRESH SUPPLY ADD TO VACANT OFFICE SPACE

Given the broader choices involved in coming to a physical office now, CBDs and
their office towers need to give office workers reason to be there.

 * Property market


HEFTY DISCOUNTING AND SLOWER RECOVERY FOR FLOODED PROPERTIES

House prices in Brisbane’s flooded areas could take longer than four years to
bounce back as the market heads to a broader slowdown, according to CoreLogic.

 * Exclusive
 * Commercial real estate


BUXTONS PARTNER WITH TIME & PLACE ON $500M BUILD-TO-RENT PROJECT

Developer Time & Place, backed by the Buxton family’s Corsair Investment
Management, plan to develop 600 rental apartments on the 2.1ha site within the
Alphington Mill precinct.

 * Commercial real estate


WORK FROM HOME NOT THE END BUT START OF SOMETHING NEW AT THE OFFICE

It will take a few years, but business growth, increased staffing and more
collaborative space will overcome the impact of work from home on office
occupancies.

 * Property market


SYDNEY PRICES DIP IN SIGNAL ‘BOOM MAY BE OVER’

Sydney’s house price fall is a stark reminder that the boom is over and the
market is now moving into its downward phase earlier than expected.


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WEALTH

 * Wealth Generation


MILLENNIAL INVESTORS PROTEST UKRAINE WAR WITH THEIR PORTFOLIOS

Ethical-minded young consumers are shocked to find they are invested in Russia’s
economy, but geographic divestment isn’t simple.

 * Wealth Generation


YOUNG INVESTORS SHARE THEIR SECRETS TO WEALTH

Start soon, be patient and let compounding do its magic, say young investors who
are seriously focused on acquiring wealth.

 * Property investment


LANDLORDS SET TO BENEFIT AS RENTS BOUNCE BACK FROM COVID-19 SLUMP

Return to the office and easing of border restrictions are increasing demand for
rental properties.


TECHNOLOGY

 * Analysis
 * Russia-Ukraine war


HOW RUSSIA IS LOSING THE INFORMATION WAR

Russia’s famous disinformation factory, like its military, is struggling to find
its feet. And Ukraine has stepped into the social media vacuum with aplomb.

 * Vale


MICROSOFT SAYS THE SON OF CEO SATYA NADELLA HAS DIED

Zain Nadella passed away on Monday morning, staff were told in an email. He was
26 years old and had been born with cerebral palsy.

 * Social media


WHY FACEBOOK’S SURVIVAL DEPENDS ON A LOSING POLITICIAN

Nick Clegg’s promotion at Meta signals that the tech giant now depends on astute
political engagement for its future.


WORK & CAREERS

 * Executive education


SUPPLY CHAIN CRISIS OPENS UP CAREER OPPORTUNITIES

Postgraduate education can help professionals better manage processes, solve
problems more effectively and fast track career progression.

 * Professional moves


GRADS MAKE THEIR START AT BOSTON CONSULTING GROUP

Strategy consulting firm Boston Consulting Group has hired 16 graduates as
associates and three data scientists.


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LIFE & LUXURY

 * Motoring


THE BMW IX3 IS WHISPER QUIET (BUT OH, WHAT A PRICE TAG)

You’ll have to pay $114,900 for the electric newcomer, versus $73,900 for the
two-litre petrol X3 hatch. There’s good news too, though.

 * Saleroom


TAPESTRIES WEAVE MAGIC AT NAB ART SALE

Twenty-nine new artist records were set at part two of the bank’s art clearance
sale, with particular love for in vogue tapestries.


MELBOURNE LOOKS FORWARD TO THE BEAUTY OF ALL THINGS ITALIAN

From the streets of Rome to Milan and cities and towns the length of Italy,
‘belleza’ is not just a concept – it’s a fact of life.

 * Review


OSBORN HOUSE HAS BEEN REIMAGINED AS A SOUTHERN HIGHLANDS HAVEN

Choose from beautiful suites or cosy garden cabins and revel in sensational,
fire-cooked food at this luxury country estate.

 * Opinion
 * Health


‘POSTBIOTICS’ ARE ALL THE RAGE, BUT DO THEY MAKE YOU LOSE WEIGHT?

Scientists are still studying the new supplements and they are mostly unproven.
But businesses are promoting them anyway.


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FROM THE GALLERY


DAVID ROWE CARTOONS FOR MARCH 2022

Mar 2, 2022View more editorial cartoons


THE AUSTRALIAN FINANCIAL REVIEW MAGAZINE


AUSSIE COUPLE IN BORDEAUX IGNORE THE RULES WITH UNCONVENTIONAL WINES

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 * THIS FORMER ROCK STAR NOW HAS HITS WITH ‘INCREDIBLY EXPENSIVE’ CARS


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BOSS FINANCIAL REVIEW


WHY THIS RECYCLING BOSS WOULD LOVE A NEW TAX

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LIFE & LEISURE


MELBOURNE LOOKS FORWARD TO THE BEAUTY OF ALL THINGS ITALIAN

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RICH LIST


KOGAN.COM SHARES TUMBLE 8.9PC ON EARNINGS MISS

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