29/07/2019 - 06:52

Morning Headlines

29/07/2019 - 06:52

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Morning Headlines

Building market still to fall

WA’s hard-hit home construction market has yet to bottom, according to research which also warns of the threat of a harder than expected landing for Australian builders. The West

Banks face more Hayne pain: ASIC

The corporate regulator says the reputations of Australia’s banks will continue to suffer in the short term as fresh examples of misconduct are unearthed and a backlog of legal actions is cleared. The Fin

Union push to increase casual pay in hospitality sector

Unions want to lift casuals’ overtime pay by 25 per cent in restaurants, cafes, pubs and clubs but employers warn it is unaffordable and will deter the use of casuals. The Fin

Active ETF crackdown

The corporate watchdog has called for a pause in listings of exchange-traded funds that are actively managed and use so-called internal market makers to set trading prices amid disclosure and conflict-

of-interest concerns. The Fin

Minerals Council strikes defiant note on BHP’s climate action call

Minerals Council of Australia chair Helen Coonan has struck a defiant note on BHP’s call for greater action on climate change, saying companies will make their own decisions whether to follow the resources giant’s lead. The Aus

NAPLAN ‘stress test’ allegation dismissed

Claims by NAPLAN critics that the classroom tests trigger widespread stress among students have been dismissed, with one of the nation’s leading education professors saying he found little evidence of it during a recent nationwide review. The Fin

‘Disadvantage’ model failing to make mark

More than $5 billion in taxpayer funding under the Gonski needs-based model for schools may be failing to target disadvantage or reverse the decline in overall school performance after being directed to the 50 per cent of students who are automatically classified as suffering ‘social-educational disadvantage’. The Fin

Rethink pricing or the NBN is worthless, Penn warns

The call from Telstra chief executive Andy Penn for the government to rethink its position on the NBN and its high wholesale pricing is getting louder. The Aus

Nuclear ban will stay: Ley

Environment Minister Sussan Ley has quashed a push to lift the moratorium on nuclear power, saying she will not consider the ban as part of an upcoming review of Australia’s environmental protection legislation. The West

Trump delivered double border wins

Donald Trump has won a stunning twin victory to fulfil his election promise to stem migration into the US with a Supreme Court ruling allowing him to use military funds to build a wall along the southern border with Mexico. The Aus

 

 

The Australian Financial Review

Page 1: The corporate regulator says the reputations of Australia’s banks will continue to suffer in the short term as fresh examples of misconduct are unearthed and a backlog of legal actions is cleared.

Page 3: Papua New Guinea’s Police Minister, Bryan Kramer, has pledged to investigate links between controversial security contractor Paladin and former prime minister Peter O’Neill, while calling out investment bank UBS for its ‘‘fishy’’ dealings in the Pacific nation.

Page 4: A new consumer data regime that will help empower bank customers to switch financial institutions and ultimately boost competition in the energy and telco sectors is on the cusp of passing federal Parliament.

Unions want to lift casuals’ overtime pay by 25 per cent in restaurants, cafes, pubs and clubs but employers warn it is unaffordable and will deter the use of casuals.

Page 7: Australia’s ‘‘productivity frontier’’ has slipped by as much as a third in less than two decades as just one in 20 Australian firms produces significantly more per hour than at the time of the Sydney Olympics, Labor MP Andrew Leigh has warned.

Greenhouse gas emissions from large liquefied natural gas projects on Australia’s east coast are not as high as previously thought, according to a landmark CSIRO report to be released on Monday.

Page 9: Big bank CEOs face having their bonuses cut in half under changes proposed by the prudential regulator, analysis by EY reveals.

Page 12: More than $5 billion in taxpayer funding under the Gonski needs-based model for schools may be failing to target disadvantage or reverse the decline in overall school performance after being directed to the 50 per cent of students who are automatically classified as suffering ‘social-educational disadvantage’.

Page 13: The corporate watchdog has called for a pause in listings of exchange-traded funds that are actively managed and use so-called internal market makers to set trading prices amid disclosure and conflict-of-interest concerns.

Page 15: Former Qantas chief information officer Jamila Gordon has attracted backing from the CSIRO’s $240 million venture capital fund Main Sequence Ventures to expand the operations of her start-up Lumachain, which is looking to use blockchain technology to make food production and manufacturing more transparent amid global efforts to eradicate slave labour.

Page 18: New Minerals Council chairman Helen Coonan will challenge members to reduce workplace fatalities to zero, saying a recent surge in incidents was a sign something was not working in the industry’s approach to safety.

 

 

The Australian

Page 1: Australia will lead a global push to target online child exploitation in a bid to shut down what domestic intelligence and security agencies claim is an alarming proliferation in the live-streaming of child rape.

Page 2: A review of navy planning warns fundamental changes will be needed to ensure sufficient crews for the nation’s $50 billion next generation submarines, including better pay, family-friendly conditions and recognition of submariners as an elite force.

Page 3: Claims by NAPLAN critics that the classroom tests trigger widespread stress among students have been dismissed, with one of the nation’s leading education professors saying he found little evidence of it during a recent nationwide review.

Page 7: Russian police arrested almost 1400 people as they gathered in Moscow at the weekend to demand open elections, the biggest crackdown on a rally in the country in seven years.

Page 9: Donald Trump has won a stunning twin victory to fulfil his election promise to stem migration into the US with a Supreme Court ruling allowing him to use military funds to build a wall along the southern border with Mexico.

Page 17: The call from Telstra chief executive Andy Penn for the government to rethink its position on the NBN and its high wholesale pricing is getting louder.

Minerals Council of Australia chair Helen Coonan has struck a defiant note on BHP’s call for greater action on climate change, saying companies will make their own decisions whether to follow the resources giant’s lead.

Page 18: Resolute Mining has turned to former Fortescue Metals chief executive Nev Power and a group of former Fortescue staffers as it looks to deliver its ambitious plans to expand the old Ravenswood gold mine in Queensland.

Page 19: Woolworths has backed down on its plans to restrict the sales data given to grocery suppliers that would have seen them have only limited access to the performance of their rivals, and will now offer much more transparent and granular sales analytics.

Page 24: The nation’s competition boss has warned Facebook and Google a proposed “code of conduct” will have “enormous teeth” — dismissing concerns regulators won’t be tough enough to hold the digital giants to account.

 

 

The West Australian

Page 4: Australians holding life and income protection insurance policies through their superannuation funds are being hit with massive hikes in premiums.

Page 5: Australian researchers are developing a hormone tablet to prevent ovarian cancer by piggybacking on the way pregnancy, breastfeeding and the contraceptive pill dramatically reduce risk of the deadly disease.

Page 8: A key union leader has urged the State Government to drop its long-running opposition to Perth Freight Link, accept the $1.2 billion in Federal funding for the project and get on with building the “vital” piece of infrastructure.

Curtin MP Celia Hammond has blasted the school curriculum and called for a significant overhaul in order to give Australian students an edge in the education race.

Scott Morrison will pour $5 million into a new tourism campaign to try to lure Indian visitors to the cricket world cup games being held in Australia next year.

Page 9: Environment Minister Sussan Ley has quashed a push to lift the moratorium on nuclear power, saying she will not consider the ban as part of an upcoming review of Australia’s environmental protection legislation.

Business: WA’s hard-hit home construction market has yet to bottom, according to research which also warns of the threat of a harder than expected landing for Australian builders.

The WA arm of global agribusiness giant Bunge posted a $390,000 loss in its fifth year of operation, as it continued to face tough competition for grain from Co-Operative Bulk Handling.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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