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The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back

The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back

Two years after the dramatic implosion of Sam Bankman-Fried’s crypto exchange, customers have received some welcome news. But it is not as good as it sounds.

  • by Michelle Chapman

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Multinationals push back, blaming supermarkets for rising prices

Multinationals push back, blaming supermarkets for rising prices

Global companies like Nestle, Unilever, Coca-Cola and Mars face the possibility of a further inquiry into their role in rising grocery prices.

  • by Jessica Yun
‘A joke’: The $2.2b deal with no detail that has left investors fuming

‘A joke’: The $2.2b deal with no detail that has left investors fuming

Hostilities have broken out over wealth powerhouse Perpetual’s deal to sell two of its major divisions and brand to private equity giant KKR.

  • by Elizabeth Knight
Origin gets $410 million boost as stake in UK outfit Octopus soars in value

Origin gets $410 million boost as stake in UK outfit Octopus soars in value

Australian power giant Origin’s stake in Britain’s Octopus Energy has gained hundreds of millions of dollars in value after the fast-growing UK company secured new backing.

  • by Nick Toscano
TikTok makes a stand against forced sale or ban in the US

TikTok makes a stand against forced sale or ban in the US

TikTok has filed a court challenge against a recently-enacted US law that would force its Chinese parent to divest its US business or close it down.

  • by Stephen Bartholomeusz
Sorry, not sorry: Qantas perfects the art of the non-apology
Opinion
Aviation

Sorry, not sorry: Qantas perfects the art of the non-apology

To suggest that the airline’s settlement over the ghost flights matter makes Qantas a trustworthy company is to be wilfully blind to its recent history.

  • by Joe Aston
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Not everyone will celebrate AGL’s improved profit outlook
Opinion
Renewables

Not everyone will celebrate AGL’s improved profit outlook

Amid a cost-of-living crisis, energy companies have large targets on their backs, along with supermarkets, banks and airlines.

  • by Elizabeth Knight
Bonza’s lessors push ahead with plans to remove planes from Australia

Bonza’s lessors push ahead with plans to remove planes from Australia

Lawyers told the Federal Court that Bonza’s aircraft leases had been terminated last week, while emails confirm its backers knew in March of a plot to shut it down.

  • by Amelia McGuire
Swiss army knife goes blade-less as weapon rules tighten

Swiss army knife goes blade-less as weapon rules tighten

The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade.

  • by Paula Doenecke
How Qantas pulled off a soft landing on phantom flights
Opinion
Aviation

How Qantas pulled off a soft landing on phantom flights

While the airline is up for $120 million in fines and compensation, Qantas could have ended up paying a far heavier price for its so-called “ghost flights”.

  • by Elizabeth Knight
Qantas’ $225 and $450 compensation payments: What you need to know

Qantas’ $225 and $450 compensation payments: What you need to know

The airline admitted it misled consumers by advertising tens of thousands of “ghost flights”. Here’s everything we know about what affected customers will get.

  • by Jessica Yun and Amelia McGuire