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The Australian Business Review
 

Good morning,

Australian businesses are surpassing global peers when it comes to preparing for tough new climate-related disclosures, according to a report by consulting firm Capgemini.

Meanwhile, new data indicates most Australians believe the two supermarket giants put profit before consumer welfare , leading a significant number to reconsider who they spend their money with. 

And more than eight in 10 Australian chief executives surveyed by KPMG believe working from home will be gone within the next three years.
Perry Williams
Business editor
The markets


Making news this morning
1
ASX to extend record run as sentiment runs high
Our sharemarket is tipped to build on last week’s record close as investor enthusiasm continues over the condition of the world’s major economies ahead of local retail and US jobs data.
2
Increase R&D tax incentive cap, says Cochlear boss
Cochlear chief executive Dig Howitt says Australia needs to increase the research and development tax incentive threshold and dust off a Morrison government-era plan.
3
New partnership seeks to lift tech workers by 1.2 million
WiseTech billionaire Richard White already pays students $300k to study and work at his company and now has launched a partnership designed to ease Australia’s tech worker shortage.
Editor's picks
COMMENT
New iPhone exposes how Aussie banks are asleep on tech
Apple makes upgrading iPhones seamless. But Australia’s biggest banks are making life difficult by falling behind in offering simple tech solutions.
By JARED LYNCH
COMPETING BIDS
Bondi Beach bolthole sells for staggering price
Sydney’s Bondi Beach has achieved an extraordinary price for a one-bedroom apartment, which sold before its scheduled weekend auction.
By JONATHAN CHANCELLOR
MARGIN CALL
AFL Grand Final Olympic room: Pollies, billionaires, business leaders and a ‘close friendship’
There is not a better networking event than the Olympic Room at the MCG on AFL Grand Final day. This year’s all-star cast features some of the biggest political, business and footy names.
By JOHN STENSHOLT
Commentary
No more slaps on the wrist, it’s time to get tough with the banks
By JOYCE MOULLAKIS
Senior Banking Reporter
The government must reassess the level of fines levied on banks while ASIC should lobby for tougher penalties that act as a deterrent to those that flout market rules.
Nuclear energy makes no sense for Australia
By ROD SIMS, BAETHAN MULLEN
Not so long ago solar power was an uneconomic source but today it’s the cheapest form of electricity. In contrast, nuclear power costs have increased.
DataRoom
→ Affinity Equity exits race for $1bn Waste Services Group
Affinity Equity Partners may be out of the contest for Waste Services Group but its Australian rival, BGH Capital, has surfaced.
→ Quadrant revs up its $1bn MotorOne sale
Initial bids for Quadrant Private Equity’s $1bn MotorOne business are believed to be due next week.
→ GIC in talks to take Transgrid stake
The $10bn-plus NSW electricity transmission company could get a new party in its ownership consortium.

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