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Fears of a prolonged trade war and recession have put investors on alert after China vowed to “fight till the end” in a dramatic escalation of tariff tensions between the world’s two biggest economies.

Meanwhile, BHP has cut ties with contractors involved in rehabilitation work on three of its coal mines in Queensland, impacting hundreds of workers, after a review by the mining giant which coincided with a separate corruption investigation. 

And property heavyweight Lendlease faces a potential $100m earnings hit this financial year as a result of a dispute about the development rights on a key land parcel next to its Figtree Hill Estate in Sydney.