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Good afternoon,

Risk-on sentiment returned with a bang, as Iran’s tepid retaliation to US strikes and a plunge in oil prices gave investors all they needed to jump back into buying mode.

Meanwhile, Virgin Australia has roared back onto the ASX, as boss Dave Emerson breaks his silence since his appointment to the top role.

The big banks are starting to use AI tools at scale. While this speeds up things for customers, the challenge will be to leverage the tech to deliver real cost savings, writes Eric Johnston.

Vesna Poljak
Business Editor
The markets


Commentary
Universities need to embrace the AI revolution – quickly
By ROBERT GOTTLIEBSEN
Business Columnist
The alarm bells are ringing, with PwC noting a global survey showed that employer demand for formal degrees is declining for all jobs, but more quickly for jobs exposed to AI.
Latest news
Qld coal boss warns of wave of mine closures due to royalty hikes
Bowen Coking Coal boss Nick Jorss says Queensland’s crippling royalty regime means 500 jobs at its flagship mine are on the line as it ‘shovels money’ to the state government.
By GLEN NORRIS
Super funds land heavyweight support for Melbourne airport battle
The owners of Melbourne airport are trading legal salvos with the property company that handles their accounts stepping up to protect its clients.
By BEN WILMOT
Ten Pound Poms: Australia looks to UK to fill 200,000 tech roles
Australia’s peak tech lobby group has signed a deal with its UK counterpart that means tech workers can more easily get jobs here in a bid solve a projected chronic IT shortage.
By JARED LYNCH
Military millions: the huge cost of Donald Trump’s war chest
The US’s attack on Iran’s nuclear sites involved billions for high-tech weapons and assets. From sending seven B2 stealth bombers to dropping 14 bunker-busting bombs, here’s the latest costings.
By ANTHONY KEANE
Penfolds earnings slow, Treasury Wine announces share buyback
Treasury Wine, whose shares have slumped 35 per cent in the last 12 months, has now warned its rock star wine label Penfolds will suffer a marked slowdown in earnings.
By ELI GREENBLAT

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