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The Australian Business Review
 

Good morning,

The Whyalla steelworks and iron ore operations are being propped up to the tune of almost $1m a day , GFG Alliance executive chairman Sanjeev Gupta says, with the controversial British industrialist doubling down on his commitment to bring the steelworks back to profitability. 

Meanwhile, Canva's growth has 'massively accelerated' pushing annual revenue past $2.5bn from 200 million global users but in an exclusive interview, co-founder Cliff Obrecht says the design software giant is in no hurry to float.

And Australia’s corporate watchdog is on the trail of Mineral Resources managing director Chris Ellison in the wake of his admissions about an elaborate tax evasion scheme involving companies registered in the British Virgin ­Islands.

Perry Williams
Business editor
The markets


Making news this morning
1
White settlement involves the billionaire’s second NDA
WiseTech boss Richard White has settled the court fight he started with his ex-lover and it involves the second NDA he has signed with women he’s allegedly been in a relationship with.
2
Bacardi boss sees a Tequila sunrise in Australia
Contrary to what some might believe, tequila can be a sophisticated drink – and Bacardi believes it can sell the misunderstood Mexican spirit to Australians.
3
Administration the go-to rescue plan for growing number of execs
The number of Australian executives putting their companies into voluntary administration in a bid to turn their flagging fortunes around is growing, ASIC figures show.
Editor's picks
MANAGEMENT
Clarity needed on WiseTech succession planning
WiseTech founder Richard White might have settled a legal case with one of his former lovers but investors are still pushing for greater clarity on the tech firm’s succession planning.
By GLENDA KORPORAAL
MARGIN CALL
White knocked back a cut-price way out
Amid the wreckage wrought by his legal dispute with Linda Rogan, WiseTech boss Richard White may now be regretting his decision to not settle the case early.
By YONI BASHAN, NICK EVANS
Commentary
Why an Aussie banker landed a key role in this succession drama
By ERIC JOHNSTON
Associate Editor
This former Melbourne boy and Wall Street boss is now in charge of steering Disney through one of the toughest succession stories in corporate America.
Lessons learnt from mixing business with pleasure
By JARED LYNCH
Technology Editor
If Richard White had been granted a court suppression order his private life would have stayed private but he didn’t – and the fallout is a lesson for people in positions of power.
DataRoom
Harmony Gold circles $2bn Queensland mine
Suitors have started lining up for one of Australia’s most valuable gold mining assets.
Nine may bring Domain back to the fold
Nine Entertainment’s next move could be to bring Domain Group back in house to diversify the business away from the volatile earnings of its television unit.
New potential candidate for Fletcher Building chair emerges
Sources believe a former telco boss is one of the names being put forward by shareholders as a preferred chairman for Fletcher Building.

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