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Good afternoon,

Businesses owed money by the Whyalla steelworks will have access to an emergency $50m fund to ensure their survival, but entities associated with its former owner GFG Alliance have been frozen out.

BlackRock's top banker Larry Fink says the cultural pendulum for business had moved “way too far to the left” and was now rapidly moving in the other direction.

WiseTech shares have plunged into a trading halt ahead of an update on a governance review involving its former chief executive Richard White who resigned last year following allegations he exchanged business advice for sex.

The markets


Commentary
Trump targeting rare earths, lithium in Ukraine peace deal
By ROBERT GOTTLIEBSEN
Business Columnist
Donald Trump wants peace and much, much more. Traditionally, wars have been about sourcing oil and money. It now looks as though rare earths will replace the black gold.
Latest news
Forrest swoops on rare earths play as China tightens screws
Andrew Forrest-owned Wyloo unveils a deal to take control of a big rare earth project.
By BRAD THOMPSON
Mining a ‘whipping boy’ in Australia as Glencore’s costs climb
Glencore boss Gary Nagle says the mining industry has been a ‘whipping boy’ in Australia in recent years, and warned high power costs were a major threat to its Mt Isa Mines copper smelter and refinery.
By BRAD THOMPSON
Transurban scores big from back to work traffic
Australia’s biggest toll road operator is enjoying a return to work boom as traffic numbers rise, with CEO Michelle Jablko declaring the NSW government ‘respects’ existing contracts and revenue.
By TANSY HARCOURT
Wesfarmers warns of economic dangers despite rate cut
The company behind Bunnings, Kmart and Officeworks says economic dangers still persist despite this week’s cut in interest rates as consumers remain under pressure and business costs rise.
By ELI GREENBLAT
Telstra defends price hikes amid $800m upgrade
Australia’s biggest telco has defended price hikes as it spends $800m upgrading its network to power the AI boom and rewards shareholders with a hefty dividend increase.
By JARED LYNCH

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