Good afternoon,

In breaking news tonight, Andrew Forrest has launched a sweeping restructure at Fortescue in the face of the company’s failure to deliver on its green energy promises, with as many as 700 jobs going.

Meanwhile, The Australian's 2024 Global Food Forum, in partnership with Visy and supported by the Wall Street Journal, got under way in Brisbane today, examining the issues which will shape the future of Australia’s $150bn agribusiness and food sector.

Coles chief commercial officer Anna Croft says inflation is the biggest concern for shoppers as food commodity prices stay elevated, and if threatened divestiture powers force supermarkets to sell off stores it would likely lead to even higher prices at the checkout.

And former Victorian premier Jeff Kennett has lashed out at what he perceives as widespread complacency that results in the nation's resources being frittered away, and he has savaged federal and state governments for piling on taxes and red tape.