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The Australian
 

Good afternoon,

Stocks have fallen, and the Australian dollar has been pummelled by fear of a global trade war after US president-elect Donald Trump announced a hardline tariff plan.

Anglo American has sold its Australian coal mines for $5.8bn, well above consensus estimates, in a deal analysts say strengthens its hand against BHP.

Google is expanding its $1bn undersea cable project to connect Darwin and Singapore via Christmas Island, a move it says will boost “reliability and resilience” of Australia’s internet connectivity and provide a new link between the US and Asia.

Perry Williams
Business editor
The markets


Commentary
Win, win: Grannies halt Chalmers’ unrealised capital gains tax on super
By ROBERT GOTTLIEBSEN
Business Columnist
If Jim Chalmers tries to bring back the so-called ‘grandmas and farmers tax’ after it is set to be blocked in the Senate, Australian families will almost certainly make Peter Dutto...
Latest news
Trump’s rise could spoil BHP’s run at Anglo
As restrictions on BHP making another mega-approach to Anglo’s board lift in coming days, this time the Australian miner could be racing against another clock.
By ERIC JOHNSTON
Qantas share sale to super fund ‘not dishonest’
A court has found Qantas did not act dishonestly by transferring millions of shares to its own employee super fund over almost 30 years.
By ROBYN IRONSIDE
ASX’s CHESS program costs blow out further
The market operator says it ‘continues to work towards’ a 2026 delivery of Release 1, with estimated project costs now expected to be at the ‘upper end’ of its range of between $105m to $125m.
By DAVID ROGERS
Architecture’s leaders failing the industry, ex-Rob Mills staff say
Former staff who worked at an award-winning architectural firm have sounded the alarm about the sector’s governance as bullying complaints pile up.
By ANGELICA SNOWDEN

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