Good morning, The cost of generating electricity across Australia’s grid over the final three months of 2024 rose more than 80 per cent as record high demand for electricity amid soaring temperatures coincided with all-time low availability of coal power. Superannuation funds, banks and insurers may face tougher governance requirements, including stricter provisions around whether key appointments are fit and proper persons, as the prudential regulator readies a sweeping consultation paper. It was poker night in the sports bar and penne calabrese was the bistro special in Melbourne’s north on Wednesday evening, where a $34bn mega deal unfolded about as far away from the corporate world as possible. |