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‘Tear it down’: Subprime winner’s hard advice for office owners

Andrew Hobbs
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That’s a wrap

Andrew Hobbs

That’s a wrap for live coverage of everything you need to know on Sunday, April 16. We are pausing our coverage for the day. Many thanks for following along.

Here’s a recap of the main events:

Voice intention must be made clearer: Brennan The parliamentary hearings on the wording of the Indigenous Voice referendum question are an opportunity to get to the bottom of the exact purpose of the proposed Voice to Parliament, Indigenous rights advocate Frank Brennan says.

‘Tear it down’: Kyle Bass’s hard advice for office property investors Kyle Bass has some advice for real estate investors. Tear it down. The founder of Dallas-based Hayman Capital says office buildings in cities need to be demolished because demand isn’t returning and it’s impractical to turn most towers into apartments.

Momentum shifts to Glencore in $34b battle for rival Teck Resources chief executive Jonathan Price began last week on a blistering note, declaring a $US23 billion ($34 billion) takeover bid from Glencore a “non-starter” and slamming his mining rival’s history of bribery and risk.

Wagner chief blames Russia’s ‘lazy elite’ for weakening war effort Ukraine’s counteroffensive will smash through Russia’s defences because Russia’s “decadent elite” has undermined the Kremlin’s war machine, Yevgeny Prigozhin, the Wagner chief, has said.

China’s central bank says it’s largely stopped currency intervention People’s Bank of China Governor Yi Gang said that Beijing has largely ended regular foreign-exchange intervention, and pursues a policy aimed at enhancing the ease of use of the yuan for Chinese households.

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    Original URL: https://www.afr.com/politics/federal/us-regulator-takes-on-crypto-exchanges-20230416-p5d0qz