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The Australian Business Review
 

Good morning,

The Australian government has put China on notice that it will take more action to protect the national interest when it comes to a strategically important rare earths project in Western Australia.

Banks have lobbed alternative proposals to Treasury as it consults on a $350m levy to keep rural branches open, with the industry clashing on the prospect of a collective “pot” that benefits just two or three lenders.

An ambitious property developer from Melbourne with investments in luxury projects spanning Queensland’s Port Douglas to Italy’s Venice has lost a fight to control his troubled fund , with creditors voting for the company to be liquidated.

Perry Williams
Business editor
The markets


Making news this morning
1
Richard White to face WiseTech investors following sex scandal
The billionaire founder is set to eyeball investors for the first time since allegations surfaced that he exchanged business advice for sex, and since co-founder Maree Isaacs sold her $1.3bn stake in the company.
2
Keating set for $30m payday after Telstra buys Boost Mobile
Former prime minister Paul Keating will pocket at least $30m after Telstra agreed to buy Boost Mobile in a bid to sell more budget prepaid phone plans amid a cost of living crunch.
3
US alerted over PwC tax scandal
Labor senator Deborah O’Neill has put the powerful US consulting sector regulator on notice over the alleged involvement of an American partner in the PwC tax leaks scandal.
Editor's picks
MARGIN CALL
VC’s sins set to be all forgiven at ACU
Australian Catholic University vice-chancellor Zlatko Skrbis has been no stranger to controversy in recent times, and his efforts appear to have earned him a renewed contract.
By YONI BASHAN, NICK EVANS
ECONOMICS
RBA ‘on right path but challenges ahead’: economists
Economists have cautiously backed the Reserve Bank’s high-for-longer approach on interest rates while warning of significant challenges for the global economy.
By DAVID ROGERS
MINING
Hemi project the jewel for Northern Star in De Grey swoop
Northern Star says labour and other costs are on the way down as it prepares to build Australia’s next big gold mine, after striking a $5bn deal to buy De Grey Mining and its Hemi project in WA.
By BRAD THOMPSON
Commentary
What a child’s party taught me about Albo’s social media ban
By JARED LYNCH
Technology Editor
Watching a parent glued to their phone at a birthday party, then seeing what they posted, made me think about how a social media ban for adults, not just kids, might be a good idea...
Patients shift to offshore surgery as health crisis deepens
By JAMES KIRBY
Wealth Editor
A dramatic bust-up between hospitals and health insurers over soaring costs is set to accelerate a rush for risky overseas medical treatment.
DataRoom
After Northern Star’s $5bn De Grey move, what’s next?
Northern Star has won over investors but will its De Grey play pay off?
Affinity taps Goldman Sachs for $1bn-plus Scottish Pacific sale
Private equity firm Affinity Equity Partners has hired investment bank Goldman Sachs to explore sale options for its Scottish Pacific business in a deal set to be worth over $1bn.
Blackstone among buyout funds entertaining play for TEEG
Global buyout funds including Blackstone, The Carlyle Group and CVC have been running the ruler over Timezone amusement arcade owner The Entertainment and Education Group.

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