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Good afternoon,

Rio Tinto has agreed to pay more than $200m to settle a case where it was accused of defrauding investors by withholding information about cost blowouts and delays at its giant copper project in Mongolia.

Meanwhile, WiseTech’s boardroom upheaval has continued with two of its longest serving directors walking out the door of the logistics software titan.

And new ANZ chief executive Nuno Matos unveiled a string of changes, including the departure of the lender's retail boss, as he accelerates the banking major’s push to launch its digital platform and get the Suncorp migration over the line.

Vesna Poljak
Business Editor
The markets


Commentary
The Nuno Matos revolution has just begun at ANZ
By ERIC JOHNSTON
Associate Editor
Expect more upheaval to come at ANZ following the exit of the one-time Google Australia boss. A new CEO is in town and on a mission to lift the perennial number four bank.
Latest news
Who bought Crown penthouse? Trail leads to Packer company boss
James Packer’s right hand man Lawrence Myers is the talk of luxury real estate circles as the favoured buyer of Sydney’s best apartment, joining the tycoon in the prestige building with his even pricier purchase.
LISA ALLEN, BEN WILMOT
Albanese living in the past as Carney, Starmer, Zelensky get ahead
Anthony Albanese didn’t get his meeting with Donald Trump at the G7 summit. Yet three leaders who faced similar challenges as Australia found a way to overcome them.
By ROBERT GOTTLIEBSEN
The eye-popping interest rate the ATO will slug late payers
From July 1 the way the ATO enforces unpaid debts is changing. For some, it means their interest bill is poised to double.
By JAMES GERRARD
Candyman Travers Beynon sued by stepdad in $55m family feud
Notorious Gold Coast playboy Travers ‘Candyman’ Beynon is embroiled in a $55m legal stoush with his elderly stepfather in a dramatic blow-up which has torn the family apart.
By KATHLEEN SKENE
Triple fatality crash from lack of oxygen entirely preventable
A Victorian aviation company knew its fire mapping Gulfstream wasn’t supplying reliable air to the pilot but kept it flying until it crashed, killing all on-board, the ATSB has found.
By ROBYN IRONSIDE

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