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The Australian

Good morning,

Revenues will be guaranteed from the Basslink power cable between Tasmania and Victoria in a win for APA Group. The decision, unpopular with Victoria, may lead to higher prices for energy users.

Meanwhile, speaking for the first time about the Virgin Australia rebuild, Bain Capital boss Mike Murphy reveals what led to the massive five-year rescue effort of the nation’s second-biggest airline.

And Mineral Resources spared no expense on mine worker accommodation at Mungala Resort, from “love shacks” for coupled-up employees to an 18-hole putt-putt course

Vesna Poljak

Business editor

The markets

Making news this morning

1

Currency war looms if Trump moves to replace Fed chair

Investors are bracing for a renewed assault on central bank independence that could weaken the US dollar and complicate Australia’s monetary policymaking.

2

Even rice is feeling the cost of living crunch

Supermarket shoppers are opting for private label rice and pulling back on microwave pouches to save money.

3

Trump attack on DEI ‘galvanises’ local CEOs: Broderick

Donald Trump’s attacks on DEI policies in the US are not finding much traction here. ‘So let’s start talking to those groups that haven’t been convinced by the messaging in the past,’ Liz Broderick says.

Editor's picks

Computershare’s PointsBet cock-up puts votes in doubt

The world’s biggest share registry company’s cock-up at PointsBet throws doubts over every shareholder vote the $23bn company has overseen.

Inside Qatar chaos: 100 planes in the air, mass diversions, 13-hour waits

Qatar Airways’ chief has revealed the full chaos unleashed by Monday’s airspace closure in a rare ‘open letter’ to plead understanding from fuming travellers.

By ROBYN IRONSIDE

Top 10 last-minute tips to secure a handy tax deduction

Time is quickly running out for taxpayers who want to beef up their refund from this financial year. These 10 strategies can deliver big deductions.

By ANTHONY KEANE

Commentary

Why investors buy stocks at record prices

By ROGER MONTGOMERY

Wealth Columnist

Could it be that investors see value, even among the frightening headlines? And if so, where?

Lattouf’s win opens door for freedom of political expression

By CHRIS MERRITT

Legal Affairs Contributor

The victory for the sacked ABC presenter has unleashed a powerful new legal principle that could give a green light to those who would use the workplace as a political pulpit.

DataRoom

→	Aveo deal was the $3.85bn win Brookfield needed

Private equity company Brookfield has completed the sale of its Australian retirement living business following a competitive auction which attracted multiple bidders.

→	New interest in Coronado sale

Key players within Coronado Global Resources are believed to be in talks with an Indonesian mining group about a sale of assets or the business.

→	Amcor’s ‘Rigids’ a possible victim of selldown plans

Amcor’s global asset sale program is garnering attention for its US-based non-flexible packaging assets, or so-called ‘Rigids’ which have underperformed its flexible packaging operations.