Email
Get the latest from The Australian Business
To view this email as a web page, go here.

Good morning,

In a sign the supermarket war is heating up, Coles will cut prices and beef up FlyBuys rewards, increasing competition with rivals Woolworths and Aldi.

Meanwhile, the Australian Taxation Office claims a Queensland couple allegedly embroiled in a fake mining operation owes hundreds of millions of dollars.

And Brad Thompson speaks with Daniel Tucker, whose 30 years training mine workers has blazed a trail for Indigenous entrepreneurs.

Vesna Poljak
Business editor
The markets


Making news this morning
1
BHP drops a truth bomb on green iron
BHP says Chinese blast furnaces have a long way to run, and unveiled a big breakthrough with Baowu. If BHP is right, the Pilbara golden goose will be just fine, countering Andrew Forrest’s claim the region risks becoming a wasteland.
2
Did the Australian luxury cruise market just peak? Port fees roil growth
Millions of Australians have taken to cruising, with new figures revealing this market as the world number four for holidays at sea. Experts warn Australia could soon start losing global market share due to high port charges.
3
Robin Khuda lands site overlooking Balmoral Beach for $32m
The data centre billionaire behind AirTrunk is stepping up his high-end residential development on Sydney’s north shore. Khuda is expected to submit plans for a six-storey block with residences that will sport panoramic harbour views.
Editor's picks
EXCLUSIVE
Garbo Ian Malouf spends $150m backing new fundie Sandstone
The billionaire is backing a new global funds management venture as part of a diversification of his assets, which also include cryptocurrency, yachts, mansions and waste management. He is joined by ex-TDM managers Harrison Moot and Fraser Christie.
By JOHN STENSHOLT
EXCLUSIVE
Instant coffee has never tasted better as barista runs sacrificed
As barista-brewed coffee gets more expensive, people are increasingly turning to premium instant coffee blends to drink at home, while younger people are embracing coffee concentrate for homemade iced coffees.
By ELI GREENBLAT
EXCLUSIVE
What the XXXX? AI can pick out your beer
Sales trick or a fast way to become a beer connoisseur? XXXX brewer Lion has partnered with software titan SAP to develop a new app and catapult it into the AI era.
By JARED LYNCH
Commentary
Trump’s steel threat might be hot air, but damage is already done
By ERIC JOHNSTON
Associate Editor
Australia again will be hit in the crossfire of Donald Trump’s latest trade war missive. However, faced with reality the question arises whether the US President sees his latest th...
DataRoom
Calvary leads a charge in the chase for Healthscope’s best
Not-for-profit healthcare operator Calvary Health Care is believed to be in strong pursuit of a deal to secure the best Healthscope hospitals within the collapsed group.
More Australian copper deals on Harmony’s ‘to do’ list
Fresh off its agreement to buy MAC Copper, South African Harmony Gold is keen to buy more miners in the NSW Cobar region.
Bain’s sales pitch for Virgin IPO is its discount to Qantas
Speculation is mounting that private equity company Bain is set to lock in a price for the float of Virgin Australia early this week.

image