| Good afternoon, Investment powerhouse Fidelity predicts rising populism in fiscal policy will see shorter, sharper cycles meaning investors need to look beyond once safe plays like big tech. Karoon Energy chief Julian Fowles says the company is targeting 50,000 barrels of oil per day over the next three years, and he is “completely aligned” with chairman Peter Botten as the embattled oil and gas company tries to quell investor concerns over capital returns. Qantas will axe its Sydney-Shanghai flights from July 28, blaming “low demand” but may reinstate the service at a later date once the market has fully recovered. And there has been a shake up at the top of Australia's biggest construction firms with Chinese-owned construction giant John Holland has for the first time claimed the No.1 spot on BCI Central’s list of the country’s top 50 builders. The S&P/ASX 200 fell 0.3 per cent ahead of the Federal Budget. | 