| A UN report shows Australians and New Zealanders are the biggest users of cocaine globally. The relative wealth of Australia, and the price that users in the country are willing to pay for drugs, has long made it an attractive market for criminals. The report paints a bleak picture of the worldwide battle against illegal drugs.
Virgin Australia is back on the ASX after a five-year absence, marking the biggest IPO so far this year. Once grounded by the pandemic, the airline is now making money again and flying under new leadership. This week on the podcast, Rebecca Jones talks to Angus Whitley about the airline’s financial reboot, its rivalry with Qantas, and whether this new Virgin can deliver for both investors and travelers.  Staying on aviation, the only bearish Qantas analyst has finally caved in. Morningstar’s Angus Hewitt has upgraded his rating on the airline’s shares to hold, after maintaining a sell recommendation for the past nine months.
The owners of Vitaco Holdings are considering selling the health food, sports nutrition and supplements maker, said people familiar with the matter, in news broken by our colleagues in Hong Kong last night. The Australasian business owns brands such as Musashi, Aussie Bodies, Nutralife and Healtheries, its website shows. The renewable energy industry could play a key role in helping the electricity grid combat its biggest challenge in decades, writes Bloomberg Opinion’s Liam Denning.  Workers install solar panels on the rooftop of a home in Poway, California, US, on Photographer: Sandy Huffaker/Bloomberg |
