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The Australian
 

Good afternoon,

Tesla chair Robyn Denholm says the AI boom presents exciting opportunities for Australian entrepreneurs and the nation. But the much-hyped economic benefits aren’t a given.

Eric Johnston says a former Goldman Sachs banker wants to pull Westpac out of its self-imposed wilderness. Is the banking major ready?

Billionaire Solomon Lew’s Premier Investments has sacked its long-serving Smiggles boss John Cheston for what the Just Group board considers to be “serious misconduct and a serious breach” of his employment contract.

Perry Williams
Business editor
The markets


Commentary
What’s really driving the space race between the US, China and Russia
By ROBERT GOTTLIEBSEN
Business Columnist
Most view Elon Musk’s space adventures with amusement. But they don’t realise that it’s part of a space race between the US, China and Russia which is becoming an integral part of ...
Latest news
Westpac’s new CEO is ‘fiercely competitive’, and you don’t want to cross him
The banking major’s incoming boss Anthony Miller is prone to telling colleagues he is the underachiever of his family, given two of his siblings represented Australia at the Olympics. He’ll certainly have to revise his talking points.
By JOYCE MOULLAKIS
Stockland in site sale talks to win ACCC approval for $1.3bn housing deal
The transaction is set to be waved through if a key site is sold off to lessen competition concerns.
By BEN WILMOT
Real estate bankers get busy on $718m HPI takeover
After a lull in mergers and acquisitions activity in the real estate space, Charter Hall and its super fund backers have decided now’s the time to strike.
By BRIDGET CARTER