Economy
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Liberal fundraiser cancelled amid cyclone preparations and reports Peter Dutton attended Justin Hemmes event

A fundraising event at the Melbourne headquarters of Macquarie Bank featuring Peter Dutton and several Liberal MPs was cancelled at the last minute on Wednesday night without explanation, as a major storm bore down on the opposition leader’s home state. On Wednesday, the Australian Financial Review published a story claiming Peter Dutton left what he…

Economy
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River campaigners to sue Ofwat over water bill rises

An environmental group is to take legal action against Ofwat, the water regulator, accusing it of unlawfully making customers pay for decades of neglect by the water industry. River Action will file the legal claim this month, arguing that bill rises for customers that have been approved by the regulator could be used to fix…

Earnings
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MongoDB shares sink after company issues weak guidance

Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about…