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The Australian Business Review
 

Good morning,

The CrowdStrike outage hit about 8.5 million Windows-based computers and laptops – costing the global economy billions of dollars – as Australian businesses scrambled to restore services amid questions over costly compensation.

Major coal plant owner Delta Electricity has urged gas to be included in Labor’s cap­acity investment scheme to back up renewables as new data showed no new wind or solar project reached full output in June despite a jump in green projects waiting to come online.

Evan Thornley has coined a special name for what he believes might be the best way to invest in residential property, the “biggest blue ocean” he’s ever seen . Thornley, a groundbreaking technology entrepreneur turned politician and now property investor, calls them “Rodwells” — robust older dwellings on well-located land.

Perry Williams
Business editor
The markets


Making news this morning
1
Qantas eyes new non-stop destinations
The airline is on a mission to increase its 17 per cent market share without reducing fares, with the addition of more long-haul point-to-point flights.
2
Lithium stocks targeted by short sellers
A growing number of ASX-listed companies are being targeted by short sellers seeking to take advantage of overinflated valuations and a bleak outlook for stocks exposed to EVs.
3
Non-disclosure deal as another Mecca case is settled
Beauty giant Mecca has settled another dispute with a former staff member, but revelations are emerging about its use of non-disclosure agreements.
Editor's picks
COMPETING BIDS
$5.2m in Chatswood the pick as holidays weigh on auctions
It was possibly the quietest weekend for prestige residential sales since the summer break, as vendors understandably postpone seeking auction buyers amid a winter hibernation.
By JONATHAN CHANCELLOR
NEWS BULLETINS
Anchors nervous as TV’s 6pm news war intensifies
The nation’s two major commercial TV networks face intense pressure to win the ratings for the 6pm news amid turbulent times in the media industry.
By SOPHIE ELSWORTH
WINE
Winemakers face new hurdle in China
The cafes and restaurants are less vibrant, the bars a touch quieter. The new China market for Australian winemakers will prove a challenge.
By ELI GREENBLAT
Commentary
Strange bedfellows in a marriage of convenience
By JOYCE MOULLAKIS
Senior Banking Reporter
The tie-up of Lendi and Aussie Home Loans started with a lot of promise, but some three years on there are a string of issues bubbling under the surface.
Dataroom
Bain Capital weighs up new bid for Bapcor
Bain Capital is believed to be weighing its options on whether to make another bid for Bapcor, with some expecting any offer to come after the target’s full-year results in August.
Tindall, Adamentem eye Warehouse buy
Private equity firm Adamantem Capital Partners is understood to have been working behind the scenes on a possible buyout of New Zealand’s The Warehouse Group.
Potential buyers of Lendlease retail fund hover
The focus is on Vicinity Centres when it comes to a potential play for the Lendlease funds management business.