Virgin’s rollercoaster return & why Australia is a two-airline town
This week on The Fin podcast: senior reporter Ayesha de Kretser and Chanticleer columnist Anthony Macdonald on Virgin’s return to the market, why it will struggle to stay in its lane and whether Australia can ever sustain more than two airlines.This podcast is sponsored by Aussie BroadbandFurther reading: Virgin prepares for IPO take-off in a test for Bain – and the marketFive years after collapsing into administration, the country’s second-largest airline will finally return to the ASX on Tuesday. There is a lot at stake.IPO market cracks open as Virgin, Greatland shares soar on debutFund managers rushed into the airline’s stock in a major win for Bain Capital, which has worked on turning around the business for five years.Virgin’s future is now in the hands of the markets godsThe problem with listing ceremonies is they look backwards, but investors look forward. The airline did what it must to relist, but now it’s over to the ASX.See omnystudio.com/listener for privacy information.
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‘The Great Wall of China’: A law firm’s cautionary tale
This week on The Fin, professional services reporter Maxim Shanahan on why King & Wood Mallesons is struggling to manage risk and conflicts across its jurisdictions.This podcast is sponsored by Aussie BroadbandFurther reading: ‘We didn’t have a hope in hell’: KWM’s cautionary China taleA corrupt wind farm deal in Montenegro, a controversial Russian legal conference and the financial problems of one of its most senior executives have thrown the spotlight on the Sino-Australian law firm.Calls for tougher rules amid KWM dramaThe senators who led the inquiry into the PwC tax leaks scandal say King & Wood Mallesons’ troubles expose flaws in the governance of top law firms.KWM sues former global chief operating officerKing & Wood Mallesons is suing a former member of its international management committee for debt relating to loans worth more than $1 million.See omnystudio.com/listener for privacy information.
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Apocalypse or a four-day week? What AI might mean for you
This week on The Fin, technology editor Paul Smith discusses the AI future and whether it is more likely to be utopia or dystopia. This podcast is sponsored by Aussie Broadband.Further reading: Waymo’s robot driver was too scared to take us where we wanted to goThe self-driving taxis are an experience to remember but their post LA-riot nerves rendered them unable to use human logic, and left us stranded.Apocalypse or a four-day week? What AI might mean for youIf you’re “AGI-pilled” and you believe artificial intelligence will soon surpass humans, you’re probably worried about your job. But insiders reckon that might be the least of our problems.From ‘lucky country’ to ‘left-behind country’: Matt Comyn’s AI warningExecutives say Australia is in danger of falling behind as the rise of artificial intelligence creates a profound change in the way people and businesses work. Save 50% or more on unlimited access to the Australian Financial Review in our EOFY sale, ending June 30.See omnystudio.com/listener for privacy information.
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The not-so-super tax change that is dividing Australia
This week on The Fin podcast, Joanna Mather and Michelle Bowes on how the super tax will work, why it’s so controversial and what people are doing to get ready for it. This podcast is sponsored by Aussie Broadband. Further reading: 7 ways the wealthiest will beat the $3m super taxInvestment bonds, an early inheritance for the kids or just cop it on the chin? Affected taxpayers are weighing their options.ATO puts wealthy families on notice over $3m super taxThe new tax is not yet law but the ATO wants to understand the “behavioural responses” to the planned tax that might already be occurring.There is a case to reform super tax breaks. But not this wayAustralia’s tax breaks on retirement balances are generous. But the treasurer is going about reform the wrong way, experts say.See omnystudio.com/listener for privacy information.
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Are house prices about to take off again?
This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house. This podcast is sponsored by Aussie Broadband. Further reading: Australia on verge of house price boom: economistHistory suggests that once the RBA starts cutting, property fever hits quickly. One prominent expert says a 10 to 15 per cent price rise is coming. Bullock flags more rate cuts as RBA slashes growth forecastsDonald Trump’s trade war has forced the RBA to lower its projections for growth in investment, household spending and exports, as it cut the cash rate again. House price risk won’t stop another rate cut: BullockReserve Bank of Australia governor Michele Bullock expects state and federal governments to do the heavy lifting on housing affordability.See omnystudio.com/listener for privacy information.
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