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Aussie billionaires' solar spat enters new phase

The battle between two of Australia’s richest men for control of bankrupt renewables startup Sun Cable has ended in a whimper. On Friday Mike Cannon-Brookes, co-chief of technology company Atlassian, won the auction for the firm via his Grok Ventures fund, bidding less than A$100 million ($65 million) per an estimate by the Australian Financial Review . Surprisingly absent from the final bout was Squadron Energy, one of Fortescue Metals founder Andrew Forrest’s investment companies. Both were early investors in Sun Cable; their spat over its strategy plunged the firm into administration in January. ....

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Analysis: Why a US debt deal may only provide short-term relief for markets

Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. ....

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Billionaire Cannon-Brookes acquires Sun Cable renewables project

The collapsed $20 billion Sun Cable renewable energy project has been rescued by part owner and Australian technology entrepreneur Mike Cannon-Brookes, the company's administrators said on Friday. ....

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Twitter not paying PR firm's bills after Musk buyout, lawsuit says

A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk's $44 billion buyout. ....

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Chipmakers buoy European shares after two-day selloff

European stocks steadied on Thursday after their worst two-day selloff since March, as investors balanced concerns over the U.S. debt ceiling standoff and a global economic slowdown with optimism from upbeat corporate earnings. ....

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