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The Australian Business Review
 

Good morning,

Australia’s LNG industry is on high alert that the federal government is considering using emergency powers to limit exports as the competition regulator prepares to reveal precariously tight supplies for winter 2025.

Meanwhile, Australia risks missing out on hundreds of millions of dollars of foreign investment and failing its net-zero emissions targets because renewable projects are tied up in environmental red tape for up to five years, a new report has found.

And Apple has launched its much-hyped artificial intelligence tools in Australia and says it will pay a bounty of up to $US1m ($1.57m) to anyone who can pierce its privacy protections, as it sets “a new standard” in security.

Perry Williams
Business editor
The markets


Making news this morning
1
BHP, Rio sued over ‘sex crime negligence’ in the workplace
Two class actions filed in Sydney on Wednesday allege the sexual harassment at the mining giants was widespread and systemic over 20 years.
2
Piper-Heidsieck pops cork on champagne renaissance
Its first brand ambassador was Marie Antoinette, the last Queen of France, and a new sponsorship deal with the Australian Open tennis will lift champagne brand Piper-Heidsieck’s visibility.
3
Resolution Life slams domestic insurance policy
Resolution Life founder Sir Clive Cowdery has lashed out at Australian policymakers for creating a ‘very constrained’ life insurance sector.
Editor's picks
AGRIBUSINESS
Winemakers sitting on a 200 million litre glut
Australian wineries have an estimated 200 million litre glut of wine in their inventory despite slowing production in the aftermath of a three-year trade stand-off with China.
By GIUSEPPE TAURIELLO
MARGIN CALL
ATO claims Perth Glory owes $1m in unpaid taxes
New Perth Glory owner Ross Pelligra will need to pay close to $1m to the tax office if he wants to fend off the court-ordered liquidation of the A-League club.
By NICK EVANS
Commentary
RBA governor should strap in for a wilder ride in 2025
By GLENDA KORPORAAL
Senior writer
If RBA governor Michele Bullock thinks 2024 has been a wild ride then she had better get a grip because 2025 looks like it will be a whole lot bumpier.
US stocks set to sizzle in 2025
By DAVID ROGERS
Markets Editor
US stocks are set to lead global returns in 2025 amid solid earnings growth, undemanding valuations and scope for the rally to broaden beyond the Magnificent 7, according to one of...
DataRoom
European group buys BGC’s cement assets for nearly $800m
The deal sees the European-owned group Cement Australia beat strong competition for some of the most valuable and strategic assets in Australia’s building material industry.
Goldman Sachs on Judo block trade, Bain and GIC sellers
Block trades in the Australian market just keep coming, with the latest involving $131m worth of shares in Judo Bank.
Investors eye moves on ScotPac
Market experts believe Judo Bank would be one of the most logical buyers for Scottish Pacific.

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