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The Australian Business Review
 

Good morning,

BHP is stepping up efforts to get to the bottom of a corruption scandal involving its coal operations in Queensland after swinging the axe on dozens of contractors, with a whistleblower telling The Australian the alleged corruption was widespread and that they had raised concerns with the police and ASIC.

Meanwhile, former PwC boss Luke Sayers’ consulting firm Sayers Group should remain banned from new government contracts, Greens Senator Barbara Pocock says, as the embattled consulting firm mulls a name change after the departure of the high-profile executive in the wake of a nude picture scandal. 

And Solomon Lew says Myer has hit a turning point and the new-look department store could become a retail powerhouse, delivering $5bn in annual sales in coming years. 

Perry Williams
Business editor
The markets


Making news this morning
1
NAB hits out at telcos on scams
National Australia Bank says it prevented close to $50m of customer funds going to potential scammers in the final two months of last year.
2
Troubled Star needs stakeholder support, says insolvency expert
As Star Entertainment teeters, a Queensland-based insolvency specialist says keeping the casino business operating with sufficient staff is crucial for its survival.
3
Cooling climate action clouds solar’s surge
The global surge in solar power will end in 2025 as less ambitious climate action results in growth in the number of installed PV cells stalling, energy group Wood Mackenzie has predicted.
Editor's picks
ELECTRIC VEHICLES
Is Cybertruck maker Tesla losing its buzz?
Tesla’s Cybertruck has become America’s fifth most popular electric vehicle but overall 2024 was a disappointing year for the Elon Musk-helmed company.
By JARED LYNCH
ARTIFICIAL INTELLIGENCE
A quarter of Australian businesses testing new AI to do human work
Australian companies are increasingly testing a form of autonomous technology powered by artificial intelligence which can perform human tasks, a Deloitte survey has found.
By JOSEPH LAM
BEVERAGES
Tim Cooper to hand over the reins at Coopers Brewery
Tim Cooper will step back from the top job at Coopers Brewery after more than two decades, as beer sales at the nation’s last major Australian-owned brewer continue to grow.
By CAMERON ENGLAND
Commentary
Here’s why investors should broaden their exposure to property trusts
By DAVID ROGERS
Markets Editor
J.P. Morgan and Citi both see 2025 as an ‘inflection year’ for listed property trusts with rate cuts set to broaden support for the sector, but they differ over favourites.

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