Retail to give attractive returns over next decade, QIC says
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That’s a wrap
Thanks very much for reading Need to Know today. Here are the biggest developments of the day so far:
- Greens back housing fund after winning $1b sweetener: The Greens and Labor have agreed a deal to pass the stalled Housing Australia Future Fund legislation, after months of tense negotiations.
- Palaszczuk pledges to lead Labor at next Queensland election: Queensland Premier Annastacia Palaszczuk said she was determined to lead the Labor Party to next year’s state election.
- Cash flow is king in property, Blackstone’s McCarthy says: Inflation is “increasingly in the rear-view mirror” but its pressure on the property sector remains high for the time being, said Kathleen McCarthy, co-head of US real estate giant Blackstone.
- Ex-RBA board member warns over new board: Economist John Edwards has criticised an idea put forward by outgoing RBA governor Philip Lowe that the government should establish a new, independent body to manage fiscal policy.
- Djokovic wins US Open for historic 24th Grand Slam: Halfway through a second set that lasted an hour and 44 minutes – a test of tenacity as much as talent amid a US Open final as exhausting as it was exhilarating – Novak Djokovic and Daniil Medvedev engaged each other in a 32-stroke point.
- Soccer: Spain’s soccer chief Luis Rubiales announces resignation: Spanish football federation chief Luis Rubiales, engulfed in a scandal over allegations he gave an unsolicited kiss to a player on the women’s World Cup team last month, said on Sunday he will resign from his position as president.
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