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The Australian Business Review
 

Good morning,

Billionaire Richard White has been accused of giving business advice in exchange for sex by a second woman who says the Wise­Tech founder "likes the game” but that the relationship ended after it was discovered by his wife.

Meanwhile, Rio Tinto has warned the Albanese government , as it rewrites national environmental laws, against going too green at the expense of the mining industry that provides the backbone of the Australian economy.

And hundreds of millions of dollars on the books of one of GFG Alliance’s Australian subsidiaries could be sheeted home to prop up the ailing parent company, whose $950m in unpaid debts are in the sights of the administrators of failed financier Greensill.

Perry Williams
Business editor
The markets


Making news this morning
1
Businesses’ late bill payments at their worst since Covid
Late payments by businesses are at their highest level since the depths of Covid-19, and it’s the hospitality and construction sectors faring worst.
2
Down go international airfares but bad news for domestic
The cost of international air travel is continuing to drop and tickets for some routes are as much as 21 per cent cheaper than they were a year ago.
3
EDO engaged ‘expert’ months ahead of Santos LNG case
An affidavit presented by Santos offers a glimpse into what it found in the communications by the Environmental Defenders Office which attempted to block the Barossa LNG development.
Editor's picks
WEALTH
Super fund fees: how much is too much?
Would you throw away $200,000-plus? Many Aussies are potentially doing that by ignoring superannuation fund charges.
ANTHONY KEANE
MARGIN CALL
White’s great oration dumped
Richard White’s gig as speaker at next week’s Shepherd Oration has been scrapped thanks to the unedifying court spat he’s having with an alleged ex-lover.
By YONI BASHAN, NICK EVANS
THE LIST: INNOVATORS 2024
These clever people you’ve never heard of are doing cool stuff
Anyone who thinks robots are going to take over just needs to watch one try to open a door.
By JOSEPH LAM
Commentary
Oil, debt and China: A Trifecta of threats to global recovery
By ERIC JOHNSTON
Associate Editor
For Citi’s New York-based global economist, Nathan Sheets, the difference between a recovery and global recession are finely balanced.
When navigating shares, ignore the white noise
By KEN FISHER
Contributor
Although financial commentary is rife with near-term events and distant prognostication, almost none of this directly helps navigate sharemarkets. So what should we be looking for?
DataRoom
Rex sale prepares for landing
Final bids are due shortly for regional carrier Rex, up for sale after falling into voluntary administration.
Private equity race for Singapore Post assets
The $1bn competition for Singapore Post’s Australian assets is now one only among private equity firms.
Bankers tapped for $2bn gold mine sale
Miners keen to expand on Australia’s east coast now have a golden opportunity with a Ravenswood Gold acquisition.

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