Morning everybody, it’s Adam right here in Sydney with every part you should know to get your day began.
Today’s must-reads:
• Former Qantas boss might lose $9.3 million
• Wildfire air pollution is on the rise
• Green energy and the proper time of day
Qantas will probably claw again as much as A$14.4 million ($9.3 million) of former CEO Alan Joyce’s payout after the airline was discovered to have illegally sacked 1,700 employees and sued for promoting tickets on already-canceled flights. Attempting to quell public outrage, Qantas stored apart A$2.2 million of Joyce’s short-term bonus for the fiscal yr ended June 30, whereas a piece of his long-term bonuses are topic to clawback.
A “vicious spiral” within the property market is dragging Australia right into a deepening disaster. Rents hovering to eye-watering ranges and inhabitants progress in Greater Sydney are exacerbating a scarcity of housing provide. Bloomberg’s Kurumi Mori particulars the worsening dilemma in a brand new video.