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Good afternoon,

US President Donald Trump is downplaying the fallout from his tariffs, suggesting he will push on with his aggressive trade policy. This isn’t good news for markets.

Private equity firms typically have a reputation for aggressively targeting listed companies in a pursuit to gain control. But now it seems that the shoe is on the other foot, writes DataRoom's Bridget Carter.

A top Virgin executive will take over from Jayne Hrdlicka as boss of Australia’s second-largest airline, concluding a succession plan complicated by the intervention of its union.

The markets


Commentary
Be warned, this is no ordinary trade war
By ROBERT GOTTLIEBSEN
Business Columnist
The trade war repercussions will shape the world in ways we never anticipated when Donald Trump returned as US President. Now, terbium and other rare earths have become potential t...
Latest news
Drop in franked dividends comes at the worst possible time
Franked dividends, which are the key income stream for many investors, have declined and the outlook is far from encouraging.
By JAMES KIRBY
How official economic statistics are lying to us
Wednesday’s improving GDP numbers will be spruiked by Labor in the looming election campaign, but they mask a darker truth.
By ANTHONY KEANE
‘I have that smile on my face all the time’: Portelli versus police
Smiling at police after being allegedly caught ‘red handed’ hooning in Melbourne could have been nerves or just his trademark face, billionaire Adrian Portelli has told a court.
By ANGELICA SNOWDEN
TEG CEO to ‘hang around’ once successor joins
Geoff Jones is recruiting for a new CEO at live entertainment and ticketing giant TEG. But he explains he’s not leaving the business he loves.
By JAMES MANNING
Apple cuts price of new iPad Air
The tech giant has trimmed the price of its newest and biggest iPad Air, despite America’s trade war with China. Here is what’s new.
By JARED LYNCH

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