Bankers earn borrowers are being locked out of housing; Solomon Lew places $3 billion bet on global growth with Smiggle, Peter Alexander spinoffs; PwC’s five most powerful players in its $81 billion global network

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Read everything that’s happened in the news so far today.

In today’s news, bankers say regulation is locking borrowers out of housing, we reveal the five partners with ultimate power over PwC’s global network, and Chanticleer says Solomon Lew has placed a big bet on growth.Australian shares have slipped modestly lower near midday AEDT, as gains in the energy sector are offset by a slump in real estate and tech stocks.

Seven Group, controlled by billionaire Kerry Stokes, has stepped up the pressure in its push to buy out the rest of the cement and asphalt group.The UN Security Council passed a resolution demanding a ceasefire in Gaza after the United States abstained, leading Israel to drop a high-level visit to Washington.On top of Donald Trump’s legal lifeline, his company wrapped up a 29-month-long merger, meaning shares worth billions are now officially his.

In Australia’s oldest wine region, well-cellared treasures, from wines to whiskies, are being unearthed. Here are a few to earmark.

 

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