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Star Entertainment secures lender bailout to avoid casino sales

Yet another after-market close announcement from Star Entertainment (ASX:SGR) surfaced on Monday evening, with media reports indicating that the company is set to be bailed out by its lenders under a five-point plan. This plan is designed to give the gaming group’s new CEO, Steve McCann, the chance to turn around its performance without selling any of its three casinos.

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Quantum computers and diamonds

Quantum Brilliance CEO Mark Luo discusses how his company is pioneering quantum computing with synthetic diamonds, offering a miniaturised and energy-efficient alternative. He highlights the company's rapid growth since its spin-out from the Australian National University, its unique approach to quantum technology and the enormous commercial potential of quantum at the edge.

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Anglo American’s coal portfolio sale

The impending sale of Anglo American's Australian coal portfolio is poised to be one of the most significant transactions of the year, offering a crucial barometer for industry sentiment on the future of steel production and its supporting commodities. The sale is expected to provide valuable insights into the sector's outlook, particularly for metallurgical (met) coal, a key component of steel production.

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Oil prices plunge amid weakening global demand

Oil prices have dropped sharply from their year-long trading range as investors grow increasingly concerned about weakening demand from the world’s largest economies. Brent crude, which had been fluctuating between $73 and $92 since last October, fell to $68.68 on Tuesday—the lowest since December 2021. The decline follows a report showing that China’s oil imports are still trailing behind last year’s levels, amplifying worries over global demand.

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