23/05/2019 - 06:46

Morning Headlines

23/05/2019 - 06:46

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Albo vows to end class war

Anthony Albanese, who is poised to take over the Labor leadership as soon as today, has vowed to return a traumatised party to a Hawke-era pro-growth economic policy model, reopen the door to business and abandon the classwar politics that threatened to divide the nation. The Aus

Miners laud benefits of poll result

West Australians will reap the benefits of more jobs as a result of a continuing Coalition Government, the mining sector says. The West

DeGrussa centre of solar row

French and German renewable energy giants are locked in a $2 million dispute over a solar project at Sandfire Resources’ DeGrussa copper-gold mine near Meekatharra. The West

Lithium chief urges US alliance

Australia and the US may need to jettison free-market orthodoxy and develop a strategic alliance to guarantee supply of the raw materials essential to the new era of batterybased electrification. The Fin

First 5G devices hit the market

The age of 5G in Australia has officially arrived, with two commercially available 5G devices announced yesterday. The Aus

Shake-up for egg tracking

WA eggs face the prospect of far tougher labelling and traceability rules, after a planned shake-up of the industry triggered by allegations a rogue operator is falsely selling eggs as free range. The West

Private providers want single funding system for higher ed

Private education companies want the Morrison government to merge the entire tertiary education system into one operation. The Fin

Uber on the rise in corporate Australia

The boss of business travel software company Serko says ride-sharing company Uber is making strong headway in the corporate market at the expense of traditional taxis. The Fin

Agents’ phones now ‘ringing like crazy’

Home buyers and sellers are coming “out of the woodwork” after Scott Morrison’s election victory, which is tipped to spark a dramatic rise in auction listings and arrest the slide in house prices. The Aus

 

 

The Australian Financial Review

Page 1: Labor’s wipeout in Queensland in the federal election has forced the state’s Premier, Annastacia Palaszczuk, to clear the way for the approval of Adani’s controversial $2 billion Carmichael coal mine.

Page 2: The latest showdown between China and the US over Huawei is likely to puncture Australian business hopes for some easing in Australia’s tense political relationship with China.

Page 3: A boutique investment firm that promises benchmarked returns to its clients has been accused of falsely implying that it has financial backing from private equity giant Blackstone Capital.

Page 6: The chance of interest rates going below 1 per cent this year is now stronger than it has ever been, but economists said 0.50 percentage points in cuts might not be enough to get the economy going.

Page 9: Private education companies want the Morrison government to merge the entire tertiary education system into one operation.

Page 10: Australia and the US may need to jettison free-market orthodoxy and develop a strategic alliance to guarantee supply of the raw materials essential to the new era of battery-based electrification.

Page 14: The prudential regulator has warned Australia’s largest financial institutions they face big financial penalties in the form of capital charges unless risks – including poor culture – are managed to its satisfaction.

Page 17: Lynas Corporation’s share price continued to climb on Wednesday amid growing confidence about its radioactive-free future in Malaysia and speculation about China putting the squeeze on the global supply of rare earths materials.

EnergyAustralia and the Andrew Forrest-backed Port Kembla gas terminal have confirmed a gas purchase deal expected to be worth at least $750 million, providing the first customer for a project to import LNG into the south-eastern states.

Page 20: The boss of business travel software company Serko says ride-sharing company Uber is making strong headway in the corporate market at the expense of traditional taxis.

 

 

The Australian

Page 1: Anthony Albanese, who is poised to take over the Labor leadership as soon as today, has vowed to return a traumatised party to a Hawke-era pro-growth economic policy model, reopen the door to business and abandon the class war politics that threatened to divide the nation.

Former Dow Chemicals chief executive Andrew Liveris says the soaring cost of gas on the east coast is “killing manufacturing” and has lamented Australia’s failure to compete internationally by tapping its vast natural resources.

Page 4: Religious Australians believe the ALP has abandoned them, Labor frontbencher Chris Bowen warned yesterday, while bowing out of the party’s leadership battle.

Page 5: Josh Frydenberg has declared the economy needs a “pro-growth strategy” as construction work and home building continue to fall across the country and leading indicators of employment growth hit record lows.

Home buyers and sellers are coming “out of the woodwork” after Scott Morrison’s election victory, which is tipped to spark a dramatic rise in auction listings and arrest the slide in house prices.

Page 6: More than 150,000 public servants will be hit by a 40 per cent increase in superannuation fees after the Commonwealth Superannuation Corporation was forced to stop using low-balance members and inactive “zombie” accounts to cross-subsidise other savers.

Page 7: Public hospitals are so busy dealing with an ageing population and chronic illness that about 90,000 patients are having to be outsourced to the private sector each year.

Page 18: The sale of Telstra’s $1.5 billion property portfolio is ramping up, with first-round bids for the collection of telephone exchange buildings due at the end of June.

Page 19: BHP is not expected to expand its Pilbara iron ore operations in response to supply problems from Brazil, according to chief financial officer Peter Beaven, as the mining giant pivots towards battery minerals and away from thermal coal.

The age of 5G in Australia has officially arrived, with two commercially available 5G devices announced yesterday.

Lucapa Diamond Co, which shot to prominence after unearthing a series of massive diamonds in Angola, has recovered its biggest diamond to date from its new mine in Lesotho.

 

 

The West Australian

Page 3: McDonald’s are changing the way they cook their burgers. The Australian arm of the global fast food powerhouse have announced several alterations to the way they work in the kitchen after facing a big rise in neighbourhood burger competitors in the past few years.

Page 4: Mark McGowan wants Fremantle to “remain Fremantle” as he weighed into the debate of dual-naming cities and landmarks in WA with their original Aboriginal names.

Page 7: The Bunbury deputy principal who won widespread support after video emerged of him tackling a pupil while trying to break up a school fight has taken leave to be with his family, just days after being reinstated.

Page 8: Vegan activists who are convicted of trespass would be slapped with “farm restraining orders” that ban them from setting foot on WA agricultural properties under new laws being considered by the State Government.

Page 11: West Australians will reap the benefits of more jobs as a result of a continuing Coalition Government, the mining sector says.

Business: WA eggs face the prospect of far tougher labelling and traceability rules, after a planned shake-up of the industry triggered by allegations a rogue operator is falsely selling eggs as free range.

French and German renewable energy giants are locked in a $2 million dispute over a solar project at Sandfire ResourcesDeGrussa copper-gold mine near Meekatharra.

The rebirth of Eastern Goldfields has taken another step forward with institutional and high net worth investors stepping up to meet a shortfall of funds needed to recapitalise the failed gold producer as Ora Banda Mining.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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