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The Australian Business Review
 

Good morning,

NSW Labor is considering new rules to curtail landowners’ powers to block the development of onshore wind farms based on potential future houses, in moves that are set to inflame tensions in the regions over the pace and the growth of the renewables transition. 

Meanwhile, tech investor Sumit Gautam, who will be among the headline speakers at November’s Sohn Hearts & Minds investment conference, warns there are dangers of getting caught up in the hype drummed up by tech executives and venture capitalists around AI technology

And on the markets, a key inflation number, an RBA meeting on rates and corporate updates from Solomon Lew’s Premier Investments and building materials company Brickworks will be the focus for investors this week.

Perry Williams
Business editor
The markets


Making news this morning
1
Clocking on: WFH a career killer
Working from home may be a career-limiting move as more companies push employees to return to the office five days a week. But recruiters have sent a warning to employers | POLL
2
REA sweetens bid for UK property portal Rightmove
Digital property advertising company REA Group has raised its bid for British property portal Rightmove by about 7 per cent to £5.9bn.
3
Business priority as banks welcome new leadership
Australia’s top bankers are in the limelight after the anointing of Westpac’s new boss, leaving just ANZ and Commonwealth Bank to announce their future leadership line-up.
Editor's picks
FIRST LOOK REVIEW
The surprise feature in Apple’s new watches
The Apple Watch turned 10 this year but instead of a party at its Cupertino headquarters, Apple chose to quietly mark the occasion with a raft of updates designed to take on Garmin.
By JARED LYNCH
COMPETING BIDS
$5.1m for Adelaide’s top skyscraper apartment
The penthouse atop Adelaide’s Realm skyscraper apartment complex has been sold by the fitness entrepreneur Tobi Pearce for $5.1m, reflecting a small loss.
By JONATHAN CHANCELLOR
RETAIL
Pink diamonds the foundation stone for $500k Argyle Quokkas
The world’s rarest diamonds have been crafted into three pink quokkas by Perth-based luxury jeweller Linneys, with each one expected to sell for more than $500,000.
By MATT BELL
Commentary
Fletcher raising brings capital markets to life
By JOYCE MOULLAKIS
Senior Banking Reporter
It’s time for Fletcher Building to get its house in order after ruling off a capital raising that saw fund managers asked to buy shares at a price of $NZ2.40 apiece.
Heavy cost of an economically illiterate media
By CHRIS MITCHELL
Columnist
Journalists are too concerned with the way governments fund social projects, but are less worried about growing the economic pie to ensure there are enough jobs and taxes to pay fo...
Dataroom
Incitec Pivot fertiliser unit buyers sounded out
Advisers working for the $6bn listed Incitec Pivot have again been sounding out prospective buyers for the company’s fertiliser operation.
Affinity wins Healius diagnostic imaging contest
Affinity Equity Partners is understood to have lobbed a strong final offer.
Star’s financing plan delayed
Star Entertainment is keeping investors on edge, with trading in its shares halted pending a future announcement.