| Troubled Australian lender ANZ’s global markets chief Anshul Sidher is leaving the bank after more than a decade, the latest senior departure during Chief Executive Officer Nuno Matos’s overhaul. Sidher stepped down on Wednesday to pursue other opportunities, the Melbourne-based bank said in a statement. More bank job cuts in the banking sector, with NAB cutting 410 jobs within its technology and enterprise operations division, according to the Finance Sector Union. Australians will need as much as A$690,000 ($455,000) of pension savings to retire comfortably, according to a new report that highlights how rising living costs are stretching household budgets even under the country’s globally admired pensions system.  A couple sits on a bench in Carlton Gardens in Melbourne, Australia. Photographer: James Bugg/Bloomberg In other superannuation news, Australian pension funds boosted currency hedges on overseas equities last quarter, signaling many were closely watching for a potential shift in how the dollar performs in risk-off markets, according to Westpac Banking Corp. Iluka Resources shares fell the most since March 2020 after the miner said it would suspend mineral sands production and kiln operations at a project in Western Australia because of poor demand. The government will invest A$1.7 billion to develop and manufacture a submarine drone that can both surveil the oceans and conduct strikes — as part of efforts to expand the nation’s military capabilities. | 
