Australia is set to limit visa approvals for foreign students starting next year, capping new international students at 270,000 across higher education and skills training sectors. This move is part of a broader migration crackdown. In other news, Blackstone is seeking a A$5.5 billion loan to support its bid for Airtrunk, and BHP is shifting its focus towards copper mining. Additionally, Fortescue reported a 3% increase in full-year profit despite a slowdown in demand from China, its largest customer.

Good morning, it's Harry here in what feels like an early Spring Wednesday. But first...Today’s must-reads:• Australia will limit foreign student numbers • Blackstone wants A$5.5 billion loan for Airtrunk bid• BHP is pivoting to copper Australia will limit visa approvals for foreign students from next year as part of a migration crackdown. Under the policy, the government will cap new international students at 175,000 for higher education courses and 95,000 for the skills training sector, taking the total to 270,000, Education Minister Jason Clare said Tuesday. Fortescue’s full-year profit rose 3%, as the fourth-largest iron ore miner weathered a slowdown in demand for the steelmaking material from biggest customer China.

Australia to Cap Foreign Student Numbers, BHP Focuses on Copper, Blackstone Seeks Loan for Airtrunk