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Good afternoon,

Victoria’s top energy and climate official John Bradley has quit as pressure grows on the state government to execute a sweeping energy transition plan to meet green goals and cut emissions.

Meanwhile, freight giant Aurizon expects a profit hit this year as it moves fewer shipments of coal in Queensland and chases significant debts from customers.

US President Donald Trump’s reported plan to name Federal Reserve chair Jerome Powell’s successor months ahead of schedule threatens to unleash fresh volatility across financial markets.

Vesna Poljak
Business Editor
The markets


Commentary
Entitled young workers are a risk to productivity
By ROBERT GOTTLIEBSEN
Business Columnist
New research has revealed trouble in the engine room of our economy, with family business owners saying productivity is a big problem, and attitudes of younger staff are to blame.
Latest news
Packer-backed developer buys landmark Kew supermarket site
Tycoon James Packer’s property empire is expanding but the latest acquisition has come at the cost of a popular gourmet supermarket in a swanky part of Melbourne having to shut.
By BEN WILMOT
Bowen Coking extends its shares suspension as funds hunt goes on
A halt to trading in Bowen Coking’s shares will continue while it attempts to secure ongoing finance as depressed coal prices and a punishing royalty scheme hit hard.
By GLEN NORRIS
We’re getting richer quicker, and by the trillions
Household wealth has hit $17.3 trillion for the first time, capping off a stellar five-year period and led higher by one key asset class.
By ANTHONY KEANE
Rate cuts drive investors to riskier private credit
A fall in bank deposit rates is tempting investors to chase higher returns elsewhere. But it comes with higher risk. Here’s how to protect your investment.
By JAMES GERRARD

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