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Sanjeev Gupta's GFG Alliance is owed $500m from the failed Whyalla steelworks in South Australia, making it the biggest creditor after the South Australian government placed the plant into administration.

Resources Minister Madeleine King says the US would be better served focusing on rare earths supply from Australia, rather than chasing projects in Greenland and Ukraine.

The final piece of Qantas’ pandemic recovery has fallen into place, with the airline sending a $400m dividend to shareholders. More than anything, this marks a symbolic return to business as usual for the company after the near fatal-Covid-19 chaos, writes Eric Johnston.

The markets


Commentary
We stand to lose billions in blockbuster drug patent challenge
By ROBERT GOTTLIEBSEN
Business Columnist
A court battle over a successful prostate cancer-fighting drug, with Australia on one side and the Swiss on the other, demands federal government funding.
Latest news
Hrdlicka’s greatest accomplishment sends Virgin soaring
Virgin Australia chief executive Jayne Hrdlicka has promised to stick around at the airline until a replacement is found after sealing a ‘tricky’ deal with Qatar Airways.
By ROBYN IRONSIDE
End of an era: jobs lost as major glass factory shuttered
About 150 jobs are at risk as administrators shut down Oceania Glass’s flagship Dandenong factory after being unable to find a buyer for one the country’s biggest glass makers.
By CAMERON ENGLAND
Poor liquor performance drags on Coles
Coles customers are happier and spending more on no-frills groceries, but its problematic liquor division saw a dive in earnings, which hurt its profit.
By ELI GREENBLAT
Perpetual flags staff cuts in turbocharged savings drive
Wealth manager targets $80m in savings, much of it from redundancies, following its failed carve-up deal with KKR.
By CLIONA O’DOWD
Amazon reboots Alexa to solve ‘real problems’
First Amazon assumed creative control of James Bond, now it's racing ahead in the battle to control people’s homes, unveiling its long-awaited overhaul of its Alexa voice assistant. Here is what’s new.
By JARED LYNCH

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