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Good morning,

Nine emergencies and near-misses in Australia's most important export waters have coincided with the WA government-controlled Pilbara Port Authority's decision to ditch a marine pilot contractor in favour of hiring its own people.

Meanwhile, Qantas CEO Vanessa Hudson has a handle on the size of the airline's recent computer hack but now faces a harder challenge in a standoff with the cyber crooks who will demand a ransom to return the missing data, writes Eric Johnston.

And the high-profile departures continue at Fortescue with the executive responsible for decarbonising the iron ore heavyweight’s mining operations parting ways just as it ramps up spending on solar farms and battery-powered trucks and other machinery. 



Vesna Poljak
Business editor
The markets


Making news this morning
1
Linda Yaccarino Steps Down as CEO of X
Her departure caps a tumultuous run atop Elon Musk’s social-media company and follows the merger of xAI with X.
2
Samsung redefines health tracking with AI and antioxidants
Samsung’s newest watches will revolutionise personal health by introducing a world-first antioxidant tracker to combat ageing and chronic disease, alongside an AI running coach.
3
Peanut capital cheesed off as Bega shuts famed factory
Australia’s peanut capital of Kingaroy is reeling after a decision by food manufacturer Bega to close the close the town’s 101-year old peanut processing company.
Editor's picks
MARGIN CALL
Super funds finally bank some anti-hacker advice
After years of client complaints, recent high-profile breaches and warnings from the regulator, super funds are belatedly seeking help to beat the hackers. So why has it taken this long?
By NICK EVANS
COMMERCIAL PROPERTY
Increase in international flights to spur demand for hotel sector
New airline routes and more passengers arriving in Australia are boosting demand for hotel rooms here which will drive demand for the hotel sector, says CBRE research.
By LISA ALLEN
OFFICE
Milligan goes to market with York Street building
The sale comes at a time when demand is building for office assets that will benefit from better leasing conditions.
By BEN WILMOT
DataRoom
Ramsay should offload its Sante unit, says Morgan Stanley
Morgan Stanley analysts have joined the chorus of investors urging Ramsay Health Care to demerge its European hospital assets.
Analysts back Platinum-L1 Capital’s $16.5bn merger
Analysts believe the combined $16.5bn fund manager will benefit from greater scale, stronger performance and cost synergies of up to $35m.
The who’s who of asset managers eyeing La Trobe Financial
Brookfield is hoping to net $3bn for a sale of its asset manager and lender, but there are some doubts it will see eye-to-eye with suitors on valuation.

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