23/11/2017 - 06:38

Morning Headlines

23/11/2017 - 06:38

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Morning Headlines

Amazon’s retail invasion begins

Ten years after Amazon started selling books to Australian consumers, the online behemoth will kick off its new e-commerce business today with a soft launch, ahead of an expected full launch tomorrow. The Fin

Privacy fear for details of students

The personal information of more than 120,000 students, potentially including names, birthdates and addresses, would be made available for “research purposes” under laws before WA Parliament which have raised privacy and hacking fears. The West

Top flow in gas field

Energy producer AWE has described gas flow rates from its latest well in the Perth Basin as one of the highest recorded onshore in Australia. The West

Health group opts for caution

St John of God Health Care is taking a cautious approach to further hospital developments in response to growing competition and revenue challenges. The West

‘Misled’ Lew mulls Myer legal action

Billionaire retailer Solomon Lew’s Premier Investments is considering taking legal action against Myer after losing almost $40 million on its $101 million stake in eight months. The Fin

Aussies exposed by Uber hacking

The personal details of potentially hundreds of thousands of Australian Uber users and drivers have been compromised in a hacking the ride-share company has covered up for the past year. The Aus

Coke’s $40m sales push

Coca-Cola Amatil will tackle head-on the sliding sales of its sugary soft drinks — driven by a shift to healthy beverage alternatives and blistering price competition from private label bottled water — by bringing forward $40 million of investment in its flagship Australian beverages arm. The Aus

 

 

The Australian Financial Review

Page 1: The Turnbull government is warning that China’s increasing belligerence over territorial disputes and potential clash over democratic values calls for stronger efforts to maintain American presence in Asia and to bolster ties with neighbouring democracies as a check against Beijing’s rise.

Ten years after Amazon started selling books to Australian consumers, the online behemoth will kick off its new e-commerce business today with a soft launch, ahead of an expected full launch tomorrow.

Page 8: Wholesale electricity price reductions that the Turnbull government attributes to its preferred National Energy Guarantee policy will really be driven by the existing Renewable Energy Target, government modelling says.

Page 12: Australian soccer is once again in turmoil after Socceroos coach Ange Postecoglou quit just seven months before the 2018 World Cup takes place in Russia.

Page 17: First State’s financial statements show that between 2015 and 2017 the $2.6 billion fund paid between $1.5 million and $1.8 million a year to the CFMEU to cover the cost of eight coordinators, whose roles include educating new members, recovering unpaid super, marketing to employers and working on seminars and communications programs.

Page 19: Billionaire retailer Solomon Lew’s Premier Investments is considering taking legal action against Myer after losing almost $40 million on its $101 million stake in eight months.

Page 20: A defiant Chris Ellison has called on investors to ‘‘open their eyes’’ and assess companies’ structures and performance independently from proxy advisers after Mineral Resources recorded a second strike against its remuneration report.

 

 

The Australian

Page 2: The Japanese ambassador to Australia says Canberra’s involvement in a new US, Australia, Japan and India dialogue is “critical” to ensure freedom of navigation and trade in the South China Sea.

A “unified national brand” will be developed by the Turnbull government in a move to help Australian exporters remain competitive in an expanding global trade market led by China, Japan and the US.

Page 3: The personal details of potentially hundreds of thousands of Australian Uber users and drivers have been compromised in a hacking the ride-share company has covered up for the past year.

Page 4: Whether a home is connected to the National Broadband Network via super-fast and expensive all fibre connections or cheaper fibre to the “node” makes almost no difference to what internet speed customers are willing to pay for.

Page 17: The Australian Securities & Investments Commission killed a major investigation into Commonwealth Bank over short-changing customers on term deposit interest rates, with the practice, which was later followed by other players in the industry, estimated to have cost savers as much as $1 billion.

Page 19: Coca-Cola Amatil will tackle head-on the sliding sales of its sugary soft drinks — driven by a shift to healthy beverage alternatives and blistering price competition from private label bottled water — by bringing forward $40 million of investment in its flagship Australian beverages arm.

Page 20: Global on-demand food delivery service Deliveroo is in talks with Australian restaurateurs to take their brands offshore, through the group’s revolutionary “Deliveroo Editions” platform that is finally launching in Australia.

Page 25: Mirvac Group may be best known for its high-rise apartments today, but office and industrial projects will play a bigger role in the company’s future if the head of that area, Campbell Hanan, gets his way.

 

 

The West Australian

Page 11: Gay teachers often struggle to “teach and model” the faith and values upheld by religious schools and are probably better off working for institutions that accept their world view, Australia’s peak Christian schools body argues.

Page 16: The personal information of more than 120,000 students, potentially including names, birthdates and addresses, would be made available for “research purposes” under laws before WA Parliament which have raised privacy and hacking fears.

Page 18: At least 100 brides-to-be around the country are in the throes of a frock emergency after luxury Perth bridal house Pallas went into voluntary administration.

Page 20: The Australian Transport Safety Bureau yesterday issued its interim report into the October 15 incident on flight QZ535 from Perth to Bali and detailed the series of problems that started when the A320 aircraft was climbing through 24,000ft to its initial cruise altitude of 34,000ft.

Business: Energy producer AWE has described gas flow rates from its latest well in the Perth Basin as one of the highest recorded onshore in Australia.

St John of God Health Care is taking a cautious approach to further hospital developments in response to growing competition and revenue challenges.

WA’s drastically low sheep numbers could finally be on the rise, but growth will come from sheep farmers expanding, rather than from grain farmers turning back to livestock.

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