Elon Musk has accused Anthony Albanese of trying to control Australians’ internet access in response to the planned social media ban for kids, which could see tech giants fined up to A$50 million. On this week’s Bloomberg Australia podcast, Chris Bourke and reporter Ben Westcott discuss the big question: will the ban even work? Listen here, or wherever you get your podcasts.
Finally, some good news for Qantas CEO Vanessa Hudson. The national carrier is the top-performing airline stock in Asia over the past year, and is expected to extend its climb with help from declining fuel prices. Vanessa Hudson, chief executive officer of Qantas Airways Ltd. Photographer: Brendon Thorne/Bloomberg Sydney-based hedge fund GCQ is looking to build on its 30% annualized gain since launching two years ago by betting that players in Japan’s cloud accounting industry can keep raising prices. Mineral Resources founder Chris Ellison yesterday told shareholders he deeply regrets his actions that have led to allegations of impropriety in recent weeks, including not paying personal tax. Resolute Mining said CEO Terry Holohan and two other employees were released from detention in Mali, just days after the gold miner agreed to pay about $160 million to resolve a tax dispute with the government. Just a few months ago, investors envisaged an ideal scenario for the coming year: inflation beaten, interest rates coming down synchronously, and a global recession averted, writes Bloomberg Opinion’s Daniel Moss. Then Trump got reelected. |