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‘Selfish’: Day stumped by Woods’ decision to drive but sympathises with struggles
The global trading powerhouse hired vagabond coder Geoff Huntley late last year. The Palestinian-Australian author and academic has been accused of wasting taxpayer money as part of a $889,275 grant. Rising costs of paint, steel and cement are not only affecting aspiring home buyers, but listed developers Mirvac and Stockland as well, analysts warn. The global payments group has raised $467 million from investors, who include all three of the country’s major venture capital firms. Daniel Roberts, a former Macquarie banker who runs the Nasdaq-listed data centres business, says the agreement is only the first of many as demand booms.
Technology
Canva has made more acquisitions than any other local tech platform in the past two years, and has added two more, as Blackbird Ventures reaps the returns. The regional lender says the cuts will save the business at least $65 million a year, about 10 per cent of its spending on staff pay last financial year. The export surge underscores America’s growing role as a global swing supplier, but the competition from Asia could also push up US prices. The hot defence stock’s new chief executive briefed investors about the presentation deck published late on Wednesday – but only those at an invite-only event.
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The investment is the latest in start-up plays from the family that sold its OTR petrol station empire to Viva Energy in a $1.2 billion deal two years ago. The Canberra deal is one of the biggest moves Paul Lederer has made in the real estate market since selling a $300 million portfolio of malls four years ago. The Brisbane-based businessman has partnered with Sydney stockbroker Stephen Silver to bring a blank cheque critical minerals vehicle to the New York market. Family offices and other well-known businesspeople are piling into a $144 million vehicle that wants to partner with celebrities to launch consumer start-ups. The beauty and cosmetics giant founded by billionaire Jo Horgan will pay a fine amid a push by the regulator for better disclosures by private companies.

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Private equity legend Bill Ferris says sending non-profit CEOs to Harvard is the ultimate investment in the “social glue” holding Australia’s economy together. The US deal comes amid rising concerns about the global data centre boom and its demands on energy and water supply, as well as land availability. Energy Minister Chris Bowen says climate policy has been pushed down his to-do list, but business groups want emissions reduction measures sorted quickly.

Trade a wide range of currency pairs in the world’s most-traded financial market. Clients of spinner (and Kitney employer) Lahra Carey have a curious habit of showing up in the journalist’s softball profiles for “The Australian”. Iran may be holding the global economy to ransom but over at Whitehaven, the top brass are sitting pretty. There’s a neat little proxy for the once-mighty fundie’s investing in retirement. Now, as MD for the pharmaceutical giant in Australia and New Zealand, he is fighting to secure a PBS listing.

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