13/06/2019 - 06:55

Morning Headlines

13/06/2019 - 06:55

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Morning Headlines

US-Australia to secure rare earths

United States defence chiefs have enlisted Australia’s help to secure the supply of critical minerals for batteries and weapons systems, to reduce China’s dominance of the sector. The Fin

Fortescue challenges oil and gas over emissions

Andrew Forrest’s Fortescue Metals Group has hit back at a push from within the oil and gas industry for customer emissions to become a key plank in Western Australia’s environmental approvals process. The Fin

TAFE puts PlayStation on mine sites

WA is the home of Australia’s first nationally recognised qualification in automation to meet the growing demand for workers with the skills required to operate high-tech mines. The West

Emissions warning on ‘cost burdens’

Any special treatment of LNG industry carbon emissions by the State Government could shift the burden to other sectors of the WA economy less able to bear the cost, according to a leading environmental group. The West

APRA herds flock clear of riskier loans

The Australian Prudential Regulation Authority’s decision to penalise banks who write risky loans will make some mortgages more expensive and is being viewed as a win for the big banks. The Fin

Catch founders score $200m payday in Wesfarmers sale

Wesfarmers will sell a wider range of products, including food and liquor, furniture and appliances, to a bigger group of customers after outlaying $230 million for one of Australia’s oldest and largest online retailers, Catch Group. The Fin

Facebook signs highlights deals with NRL, AFL and CA  

Facebook has signed deals with the NRL, AFL and Cricket Australia to bring match highlights, original live shows and classic matches to its video service Watch, but has signalled it will not compete with broadcasters to be the major sports rights partner. The Fin

Property king takes on payroll

WA’s biggest private residential developer has backed calls for the McGowan Government to slash payroll tax, saying WA’s business community needs help creating jobs. The West

 

 

The Australian Financial Review

Page W2: Uber is preparing to bring its Jump electric bike and scooter sharing scheme to Australia and will reveal which cities will be first by the end of the year.

Page W4: Australian companies are being penalised by the federal government’s refusal to sign up to Chinese President Xi Jinping’s $US1 trillion Belt and Road Initiative.

Page 1: United States defence chiefs have enlisted Australia’s help to secure the supply of critical minerals for batteries and weapons systems, to reduce China’s dominance of the sector.

The flow of Chinese tourists to Australia has hit a wall as a weaker economy and political tensions in the world’s most populous country divert travellers to cheaper holiday spots in Asia.

The new chairman of the Productivity Commission has challenged the Morrison government and the states to develop a broad-ranging economic reform agenda to drive productivity and boost wages.

Page 2: ASIC has narrowly failed in a High Court bid to have an outback store owner, who offered ‘‘book-up’’ credit to his Indigenous customers, declared guilty of unconscionable conduct.

Page 9: The Reserve Bank was unlikely to resort to unconventional stimulus measures in the near term to boost the economy, but ‘‘quantitative easing’’ could be used if the economy were hit by a crisis, a report by Commonwealth Bank economists says.

Page 10: Fidelity International investment specialist Anthony Doyle is sceptical of the government’s First Home Loan Deposit Scheme, which will let eligible first home buyers purchase a house with a deposit as low as 5 per cent.

Page 15: The Australian Prudential Regulation Authority’s decision to penalise banks who write risky loans will make some mortgages more expensive and is being viewed as a win for the big banks.

AGL chief executive Brett Redman says he is not trying to turn the power generator and retailer into an infrastructure company, but rather a ‘‘better energy company’’, through the acquisition of Vocus Group’s fibre optic network.

Wesfarmers will sell a wider range of products, including food and liquor, furniture and appliances, to a bigger group of customers after outlaying $230 million for one of Australia’s oldest and largest online retailers, Catch Group.

Page 17: Andrew Forrest’s Fortescue Metals Group has hit back at a push from within the oil and gas industry for customer emissions to become a key plank in Western Australia’s environmental approvals process.

Page 21: Facebook has signed deals with the NRL, AFL and Cricket Australia to bring match highlights, original live shows and classic matches to its video service Watch, but has signalled it will not compete with broadcasters to be the major sports rights partner.

 

 

The Australian

Page 1: Police have fired tear gas and used rubber bullets in an attempt to drive away thousands of demonstrators who had blocked roads and forced the closure of Hong Kong’s parliament before politicians could debate a controversial extradition bill.

Page 2: The Reserve Bank may be forced to continue to cut interest rates until the jobless rate plunges to as low as 3.5 per cent, according to the central bank’s assistant governor, who argues the level of “full employment” able to be sustained by the economy could be far greater than economists believed.

Page 4: Australia needs new technological capabilities to deal with the growing threat of “hybrid warfare” — a military strategy blending traditional hard power with tactics such as hacking and fake news.

Page 8: Adani has been hit with another setback on the eve of the Queensland government’s decision on whether to green light construction of the Carmichael mine after the federal Environment Department bungled the assessment of its offsite water infrastructure plans.

Page 21: Australian manufacturers could be slugged by Queensland’s new royalty hit on the gas sector, with domestic producers expected to invoke a clause allowing the state’s higher taxes to be passed directly through to users.

Page 22: Japanese drinks company Asahi Group is believed to be in negotiations to buy the remaining assets in the Lion Drinks and Dairy portfolio that is up for sale by its owner, countryman Kirin.

Page 23: The James Packer-backed Crown Resorts is tipped to have its earnings hit by the same weak market conditions that forced rival The Star Entertainment Group to surprise investors with a trim to its full-year forecasts.

 

 

The West Australian

Page 3: Schools hit by student absentee rates as high as one in 10 are urging parents not to send their sick children to class. WA Primary Principals Association president Ian Anderson said he had received anecdotal reports of high numbers of student absences across the State, mostly because of flu-related illnesses.

Page 6: WA’s biggest private residential developer has backed calls for the McGowan Government to slash payroll tax, saying WA’s business community needs help creating jobs.

Page 7: Anthony Albanese’s war with militant unionists intensified yesterday after one WA union boss said the new Federal Labor leader should think about resigning. The union movement is divided after Mr Albanese announced he would move to expel Victorian CFMMEU secretary John Setka from the ALP over alleged comments he made at a union meeting criticising domestic violence campaigner Rosie Batty.

Page 10: A project to introduce Noongar names to Albany landmarks has failed to receive Federal funding.

Page 14: Scientists may have uncovered the dirty little secret to weight loss, and it has been hidden beneath our feet all along.

Page 16: Bunbury will be home to a “world first” artificial surfing reef set to put the city on the international surfing map after the concept got financial backing from Bunbury City Council and a private donor.

Business: WA is the home of Australia’s first nationally recognised qualification in automation to meet the growing demand for workers with the skills required to operate high-tech mines.

The continuing pick-up in the resources industry has prompted Qantas to add another Boeing 737-800 NG to its Perth-based fleet and introduce a new Broome to Darwin service.

Sabina Shugg, incoming director of the Western Australian School of Mines, says a new curriculum at the institution will ensure graduates are on top of technological changes in the industry.

Any special treatment of LNG industry carbon emissions by the State Government could shift the burden to other sectors of the WA economy less able to bear the cost, according to a leading environmental group.

 

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