| Good morning, Major fashion brands owned by billionaire Solomon Lew have been hit by plunging sales and lower earnings due to an economic downturn, leaked documents show . It poses a fresh challenge for new Myer boss Olivia Wirth as she considers a buyout deal for the retail businesses. Meanwhile, the exit of Chinese developers from large Australian property developments is picking up pace, with offshore company Han’s Holdings Group selling a site it had assembled overlooking Sydney’s Hyde Park for a $3bn project. And iron ore giant Fortescue will no longer buy voluntary carbon offsets , citing doubts over their effectiveness in cutting emissions, in the latest backlash by an Australian corporate against the booming industry.
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