In the face of mounting pressure, WiseTech Global's billionaire founder and CEO Richard White has left his role after a series of damaging allegations over his relationships with several women. It's the latest in a long line of questionable operational or ethical failures in Australian businesses.
Macquarie Group has unveiled a 40-storey global headquarters in central Sydney. It spans 82,000 square meters over two buildings and will cater for more than 9,000 staff. The building has attracted another nickname with its domed roof: the Minion - a reference to the cartoon characters in the Despicable Me movie franchise. The renovated glass-atrium-topped 1920s era bank branch building. Photographer: Brett Boardman/Macquarie Group Ltd. Australia's inflation is being tamed without hurting the economy, Treasurer Jim Chalmers has told Bloomberg Television's Sonali Basak in Washington. The country has made progress in tamping down price pressures, he said on the sidelines of the International Monetary Fund and World Bank annual meetings.
Meanwhile, with inflation well and truly on the way down in many countries, Bloomberg Opinion's Daniel Moss asks: why aren't central banks embracing the win? Jim Chalmers Photographer: Hilary Wardhaugh/Bloomberg Our two biggest super funds plan to add billions of dollars worth of private assets to their portfolios in coming years. Regular readers will know covering superannuation is my day job, and in this week's Bloomberg Australia podcast, Melbourne Bureau Chief Chris Bourke and I discuss how our system ranks globally and how our super funds are boosting their returns. Listen and subscribe here. |
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