26/02/2018 - 06:07

Morning Headlines

26/02/2018 - 06:07

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Morning Headlines

Twiggy, Japan Inc plan to ship LNG to NSW

Billionaire Andrew Forrest and two powerful arms of Japan Inc have formed a joint venture that aims to disrupt gas and power markets on Australia’s east coast by importing liquid natural gas into NSW. The Fin

All eyes on McCormack for top job

Veterans’ Affairs Minister Michael McCormack appears on track to become deputy prime minister on Monday after fellow Nationals MP David Gillespie withdrew from the race citing a lack of support from colleagues. The Fin

WA business leaders back US-style tax cuts

WA business leaders, including some of the State’s biggest employers, are urging support for Australia to follow America’s lead on tax cuts after talks with US President Donald Trump at the White House. The West

WA hub for Argentina flights

A world-first air route is planned to link South America and Asia, with Perth the critical hub linking the two big travel markets. The West

Cut tax or lose capital: Rio chief

Mining giant Rio Tinto says its investment focus would inevitably shift to its United States operations unless Australia cut its company tax rate because the company’s duty was to create maximum value for shareholders. The Fin

Google, Facebook in ACCC crosshairs for harvesting users’ personal data

A high-powered investigation will examine how technology giants such as Google and Facebook harvest valuable personal data from Australians as part of a world-first inquiry into the fast-growing digital media market. The Aus

BP may sue ACCC in Woolworths petrol battle

BP is due to decide in the next few weeks whether it takes the Australian Competition & Consumer Commission to court in the next step of its battle to buy Woolworths’ petrol stations. The Aus

Olympic gold for Fortescue

British athletics legend Sebastian Coe is the latest Olympic gold medallist to join the board of Andrew Forrest’s iron ore miner Fortescue Metals Group. The Aus

 

 

The Australian Financial Review

Page 1: Mining giant Rio Tinto says its investment focus would inevitably shift to its United States operations unless Australia cut its company tax rate because the company’s duty was to create maximum value for shareholders.

Billionaire Andrew Forrest and two powerful arms of Japan Inc have formed a joint venture that aims to disrupt gas and power markets on Australia’s east coast by importing liquid natural gas into NSW.

Page 4: Veterans’ Affairs Minister Michael McCormack appears on track to become deputy prime minister on Monday after fellow Nationals MP David Gillespie withdrew from the race citing a lack of support from colleagues.

Page 8: Chinese telecommunications equipment maker Huawei has hit back at US suggestions its involvement in Australia’s new 5G mobile phone network should be restricted, as security experts foreshadow a tough decision ahead for the Turnbull government.

Page 9: Malcolm Turnbull left Washington DC on Sunday unsure whether Australian steel and aluminium would be exempted from stiff tariffs about to be imposed by Donald Trump, despite receiving assurances last year they would be spared.

Page 14: The government is at risk of losing control of the tertiary education debate, as the focus switches to vocational education and training – where the data points to a sharp fall in students and new apprentices – just as the infrastructure boom and changes in technology create demand for skilled workers.

Page 15: Some of the world’s biggest private equity players are running the ruler over BHP’s shale assets, the sale of which now looks certain to trigger a giant shareholder return.

Page 24: Sometimes the best lessons are worth repeating. Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway shareholders on Saturday to again call out the wasteful fees that many money managers charge.

 

 

The Australian

Page 1: Low-key NSW Nationals MP Michael McCormack is set to take over from Barnaby Joyce as Deputy Prime Minister today after a push by several colleagues failed to install Queensland rookie David Littleproud as the party’s new leader.

A high-powered investigation will examine how technology giants such as Google and Facebook harvest valuable personal data from Australians as part of a world-first inquiry into the fast-growing digital media market.

Page 6: Malcolm Turnbull has invited Donald Trump to visit Australia as early as this year after a ground breaking visit to Washington in which the two leaders committed to stronger action against North Korea and the need for robust US military engagement in the Asia Pacific.

Page 17: The Commonwealth Bank asked the anti-money-laundering regulator Austrac to hold quarterly meetings between the two organisations’ chief executives a day before the financial intelligence watchdog filed an expanded suite of allegations against the bank in the Federal Court in December.

Page 18: BP is due to decide in the next few weeks whether it takes the Australian Competition & Consumer Commission to court in the next step of its battle to buy Woolworths’ petrol stations.

Page 20: British athletics legend Sebastian Coe is the latest Olympic gold medallist to join the board of Andrew Forrest’s iron ore miner Fortescue Metals Group.

 

 

The West Australian

Page 1: WA’s former top cop has urged the State Government to dramatically increase penalties for using a mobile phone while driving to more accurately reflect the deadly threat that distracted drivers pose.

Page 3: City of Perth staff have described their work environment as “toxic”, with low morale and little faith that complaints would be handled properly.

Page 6: WA business leaders, including some of the State’s biggest employers, are urging support for Australia to follow America’s lead on tax cuts after talks with US President Donald Trump at the White House.

Page 7: Morale-boosting visits to WA for American sailors in the region could soon be on the rise, after the Secretary of the US Navy Richard Spencer flagged an interest in sending more ships to Fremantle.

Page 9: Drinking fountains in the grounds around Optus Stadium will remain in use after the State Government disputed tests that found higher than accepted lead levels in the water.

Page 13: Growing numbers of students are flocking to study healthcare courses at WA universities, an analysis of enrolment trends reveals.

Page 17: A plan to build a $1.8 billion twin towers World Trade Center in Perth city is all but dead, after the State Government put the development “on hold”.

Page 18: A world-first air route is planned to link South America and Asia, with Perth the critical hub linking the two big travel markets.

QantasLink has taken delivery of the first of two 180-seat Airbus A320s to improve its ability to meet increasing demands from the resources industry.

Business: Co-operative Bulk Handling directors will get a healthy pay rise in 2018, despite efforts to cut costs across the organisation.

The first driverless tractors will start operating on WA grain farms within the next three years, according to a prominent local agricultural engineer.

The Clean Energy Regulator this month released an updated list of the greenhouse emissions permitted for the 353 facilities in Australia, including 93 in WA, that emit the equivalent of more than 100,000 tonnes of CO2 each year.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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