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The Australian
 

Good afternoon,

The Qantas board has emerged unscathed from the airline's AGM in Hobart, despite a significant protest vote from shareholders. But as The Australian's Eric Johnston writes , the airline's new chairman is tackling the ghosts of former CEO Alan Joyce in order to help the flying kangaroo move ahead.

Meanwhile, shares in the beleaguered WiseTech Global, reeling from the "demotion" of its controversial CEO, have rallied as it emerged Richard White will maintain a strong influence over the company he founded.

And APRA chairman John Lonsdale has told a parliamentary inquiry that Australia’s financial system is increasingly vulnerable to an acceleration of “transmission shocks” , through record fast digital transactions.

Perry Williams
Business editor
The markets


Commentary
WiseTech you can’t be serious?
By JOHN DURIE
Columnist
Just how determined is WiseTech Global to sort out its issues when its tarnished CEO gets to keep his salary and same duties but is now free of those pesky reporting obligations?
Latest news
Qantas board grilled at AGM but emerges unscathed
Qantas shareholders have voted through all resolutions at the AGM in Hobart, albeit with a significant protest vote.
By ROBYN IRONSIDE, MATTHEW DENHOLM
Why financial advisers fear the ‘great wealth transfer’
Baby boomers will collectively pass on an estimated $3.5 trillion dollars to the younger generations in the coming years but, counterintuitively, financial advisers aren’t celebrating.
By CLIONA O’DOWD
Tech boss’ rise from India’s poverty to Silicon Valley CEO
Amit Walia is one of many Indian-born CEOs to have taken Silicon Valley by storm but his impoverished origins and rise is down to taking that first risky step.
By DAMON KITNEY
Sydney brothers bet on ‘world’s most expensive' phone case
Omar and Zane Sabre have turned a $40,000 investment into a $50m retail business but admit their $16,500 diamond and gold iPhone case is next level. So who will buy it?
By JARED LYNCH
Inflation in focus as CPI looms
A year-end rate cut by the RBA will depend on inflation and household spending data next week.
By DAVID ROGERS

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