Australians and Kiwis Are World's Biggest Cocaine Users
Good morning, it's Amy in Melbourne with the news you need heading into the weekend. It appears Aussie super funds can breathe easy over the so-called US 'revenge tax' that's been bothering them lately, but first...
Today's must-reads:
• Australia's big drug problem
• Sports nutrition firm owners mull sale
• Virgin Australia podcast
A UN report shows Australians and New Zealanders are the biggest users of cocaine globally. The relative wealth of Australia, and the price that users in the country are willing to pay for drugs, has long made it an attractive market for criminals. The report paints a bleak picture of the worldwide battle against illegal drugs.
Virgin Australia is back on the ASX after a five-year absence, marking the biggest IPO so far this year. Once grounded by the pandemic, the airline is now making money again and flying under new leadership. This week on the podcast, Rebecca Jones talks to Angus Whitley about the airline's financial reboot, its rivalry with Qantas, and whether this new Virgin can deliver for both investors and travelers.
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