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Good afternoon,

Qantas needs 18 months to get back on track in the wake of Alan Joyce’s long and rocky tenure as chief executive, the airline's chairman, John Mullen, says.

Meanwhile, a one-time favourite to head up Virgin Australia, who was opposed by unions in his run for chief executive , has been promoted to the position of the airline's chief commercial officer.

And the sharemarket honeymoon for Donald Trump appears well and truly over as the US President, refusing to rule out a recession, triggered a renewed sell-off in stocks, particularly among the tech giants.

The markets


Commentary
Nervous investors fear Trump is out of control
By ROBERT GOTTLIEBSEN
Business Columnist
The greatest fear in US and global stock markets is that Donald Trump has created a chaotic situation that is spiralling out of control. But the President’s supporters say they are...
Latest news
LNG import scheme risks igniting gas prices, experts warn
A stoush has broken out on the best way to address looming gas shortages on the east coast. The fix of importing LNG could send gas prices up further, according to APA Group
PERRY WILLIAMS, COLIN PACKHAM
Labor faces big miss on green energy target
Labor will fall well short of a pledge to reach 82 per cent renewables by 2030, even under a best-case scenario, according to new modelling.
By PERRY WILLIAMS
Cracks starting to appear in US economy
If the first casualty of trade wars are markets, Donald Trump’s tariffs are a stunning form of economic self-harm.
By ERIC JOHNSTON
Activist investor picks directors for NZME shake-up
NZME shareholder James Grenon has lined up three directors to join the board of the Kiwi broadcaster and publisher in an activist investor play.
By BRIDGET CARTER
How much it costs today to retire comfortably
Retirees were hit hard by the cost-of-living crunch in recent years, but relief has come. See what income and lump sum you’ll need.
By ANTHONY KEANE

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