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Good morning,

Atlassian billionaire Mike Cannon-Brookes wants more renewable energy developments to take pressure off electricity prices and to ensure Australia gets its fair slice of the artificial intelligence boom, saying to “constrain power” was “madness”. 

Meanwhile, listed property giant Dexus late yesterday secured a temporary injunction in a bitter court fight against some of the country’s largest superannuation funds that are trying to force it out of Melbourne and Launceston airports. 

And BHP says some of the allowances it has made to accommodate the return of unions to the WA iron ore industry are the “definition of unproductive" and threaten Australia's global competitiveness. 


Vesna Poljak
Business editor
The markets


Making news this morning
1
Trust in carbon emissions scheme eroded
The federal government’s carbon emissions scheme has drawn criticism from two industry heavyweights, who say reforms are needed to rebuild confidence.
2
Critical minerals reserve expected to make money
Madeleine King expects Labor’s controversial critical minerals reserve to deliver cashflow and returns to the government.
3
Telstra offshoot scraps coverage references
Telstra’s budget offshoot, Belong, has scrapped references to the telco’s mobile coverage, following accusations Telstra has ‘tricked’ people.
Editor's picks
‘SWEEPING REBUILD’
PwC now ‘totally different’ firm in aftermath of scandal: CEO
The man parachuted in to clean up the PwC mess says the auditor has made big changes over two years, but more needs to be done on its rebuild.
By ERIC JOHNSTON
MARGIN CALL
Turmoil at Warren Buffett’s Aussie construction company
Who knew Warren Buffett’s Berkshire Hathaway owned an Australian crane hire business? And what’s going on there to make so many of its executives quit?
By NICK EVANS
INSURANCE
Insurers on alert for flood catastrophe
The insurance sector is preparing for floods hammering the NSW Hunter Region and the state’s Mid-North Coast to worsen, with warnings of a further 200-300mm of rain set to smash the coast.
By DAVID ROSS
Commentary
Local bourse on rise after RBA sets cautious tone
By DAVID ROGERS
Markets Editor
‘Cautious’ is the new catch word for the RBA but it’s more about the economy rather than inflation as the trade war has increased risks.
Economy in fighting shape to confront global uncertainty
By JAMES GLYNN
Senior Reporter, The Wall Street Journal
Reserve Bank of Australia governor Michele Bullock has signalled a willingness to act boldly if events demand it.
DataRoom
Nufarm gets the good oil on strong global interest for seeds arm
Nufarm has fielded approaches from the Kohlberg Kravis Roberts-backed Advanta and BP for its $900m seeds business, sources say.
Bain Capital tests cornerstone interest for Virgin Australia IPO
The country’s second largest domestic carrier could see its float launch off the runway within a fortnight.
Wineries tie-up on the grapevine
There is speculation about attempts to revisit a potential backdoor listing of Accolade Wines into Australian Vintage.

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