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The Australian Business Review
 

Good morning,

Qantas short-haul pilots have ­rejected a 26 per cent pay rise spread over five years, as the powerful worker group joins the growing list of unions laying down the law to the airline’s new chief executive Vanessa Hudson.

Meanwhile, WiseTech Global chair Richard Dammery has assured investors that the $35bn software firm's strong internal executive team could step up to replace billionaire Richard White if he needed to step back from CEO duties to handle personal issues.

And the national boom in build-to-rent projects is finally gathering steam in Sydney with a huge $1.5bn precinct proposed for the inner west suburb of Marrickville, that will put the housing crisis at top of the agenda in Anthony Albanese’s backyard. 

Perry Williams
Business editor
The markets


Making news this morning
1
Meet Australia’s new crypto king
Brisbane crypto exchange Swyftx with $3bn in customer funds under management and 122 staff has appointed a new CEO to take its growth to the next level.
2
Longo hits back at proposals to divide ASIC
The boss of the corporate regulator says it needs more resources to do what’s asked of it, and says calls to split it into investigative and enforcement agencies are not warranted.
3
Domain boss Pellegrino exits as Nine faces shake up
Investors were shaken as Jason Pellegrino flagged his exit from Domain after six years running the company, and Nine is keen to turn its property offshoot around.
Editor's picks
INVESTMENT
Risky business: Salta backs capital play as investors demand premium
The private developer has warned that capital is demanding extra returns for investing in Victoria, but is confident that the state will forge ahead if changes are made.
By BEN WILMOT
MARGIN CALL
Sorry not sorry? Yazbek apology leaves a sour taste
All well and good for Rebecca Yazbek to issue a grovelling apology over her husband’s fondness for casual anti-Semitism. But what good are words without deeds?
By YONI BASHAN, NICK EVANS
BRANDING
Alan Joyce gets on front foot ahead of Qantas expose
The ex-airline CEO has stepped out to combat the bad publicity expected ahead of the launch of a tell-all book on Qantas, likely to reveal new information about his controversial reign.
By TANSY HARCOURT
Commentary
US inflation ‘not coming back’: Bank of America CEO
By ERIC JOHNSTON
Associate Editor
Bryan Moynihan says in an interview the US consumer is holding up and the American economy can still absorb two more modest interest rate cuts this year.
Richard White’s milestone muddied
By GLENDA KORPORAAL
Senior writer
When the staff at WiseTech’s head office in Alexandria gather to celebrate the firm’s 30-year anniversary, the mood will be more constrained than would have been originally expecte...
DataRoom
BHP may be mulling new bite at Anglo American
Attention has turned back to BHP and its buying intentions surrounding Anglo American after the former’s chief executive, Mike Henry, recently paid a visit to South Africa.
Dexus chasing airports owner
Dexus is believed to be positioning itself for another attempt to take control of one of Australia’s airport assets after missing out on Gold Coast airport owner Queensland Airports.
Buckle up for Buckeridge battle as CRH eyes bid
Global building materials operator CRH may seem an unlikely suitor for Buckeridge Group of Companies but the recent buyer of Adbri is indeed lining up to take a look.

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