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AGL chief executive Brett Redman.
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Energy

AGL chief Brett Redman abruptly resigns ahead of coal break-up plan

The CEO of top Australian energy supplier AGL has resigned effective immediately, saying he is unable to commit to overseeing a plan to break up the business.

  • by Nick Toscano
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Companies

Thousands of planes have been “parked” indefinitely after the coronavirus pandemic decimated travel demand.

Airlines see COVID setbacks driving them to $62 billion loss this year

The airline industry’s chief lobby group widened its estimate for losses this year by about a quarter, saying new COVID-19 flare-ups and mutations have pushed back the timeline for a restart of global air travel.

  • by Christopher Jasper and Siddharth Philip
AGL chief executive Brett Redman.
Breaking
Energy

AGL chief Brett Redman abruptly resigns ahead of coal break-up plan

The CEO of top Australian energy supplier AGL has resigned effective immediately, saying he is unable to commit to overseeing a plan to break up the business.

  • by Nick Toscano
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Opinion & Perspectives

‘It feels like winning the lottery’: confessions of a Sydney homeowner

Jessica Irvine
Jessica Irvine

They are too ashamed to admit it, but is there any guiltier pleasure for property owners than a Saturday morning stickybeak at a neighbouring property for sale?

The only way is up: The iron ore price boom that refuses to die

Elizabeth Knight
Elizabeth Knight

Second-guessing the Chinese and the Brazilians is an occupational hazard for economists and commodity experts, who have been proven wrong again and again predicting an end to the price rally.

It’s a little bit of history repeating in Credit Suisse’s litany of losses

Stephen Bartholomeusz
Stephen Bartholomeusz

Credit Suisse has been embroiled in a series of financial disasters that could have been avoided had it learned from its compatriot, UBS.

Banking & finance

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Startups

Rod Sims, chair of the ACCC, wants to reform Australia’s merger laws.

Merger laws up for reform as regulators team up to tame tech giants

The Australian competition watchdog has flagged imminent changes to existing M&A laws as regulators turn up the heat on global technology giants.

  • by Cara Waters
Caroline Bowler, the chief executive of Australia’s largest exchange BTC Markets.

Coinbase IPO paves way for local market

Australian cryptocurrency exchanges are hoping Coinbase’s blockbuster initial public offering will prove a tipping point for local startups operating in the space. 

  • by Cara Waters

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