Morning Headlines

Drone strikes hit Saudi oil

Fiery drone strikes on Saudi Arabia’s energy infrastructure claimed by Yemen’s Houthi rebels, and linked by the United States to Iran, are expected to send oil prices soaring today in a devastating blow to stability in the Gulf. The Fin

Equity raising looms with Super Pit stake up for sale

The Australian-listed gold mining space could be in for a major equity raising in the months ahead, as Credit Suisse starts moving on a sale of Barrick Gold’s interest in the $1bn-odd Super Pit mine. The Aus

Leaders struggle to regain trust

Big businesses have won over employees with their push into environmental and social issues but a glaring trust gap persists in the broader community that could act as a handbrake on crucial policy reforms, a new survey from the Committee for Economic Development of Australia suggests.  The Aus

Mining industry predicts cheapest power is nuclear

The mining industry has declared that nuclear power could be the cheapest way to generate electricity in the next decade, an audacious claim that advocates of wind and solar power are likely to bitterly dispute.

MPs scale back on junkets as tensions with Beijing grow

Federal MPs have wound back travel to China on state-sponsored junkets amid concerns over foreign influence but continue to claim overseas-funded “study tours” paid for by governments including Taiwan, Qatar, Kuwait, Morocco and Azerbaijan. The Fin

New twist in Raine debt spat

A judge has cleared way for property developer Luke Saraceni and jailed former Raine Square partner Hossean Pourzand to mount a $200 million rearguard attack on the Commonwealth Bank. The West

CBD campus at hospital

Plans for a university in Perth’s CBD are beginning to ramp up, with the State Government taking an “everything is on the table” approach to making it happen. The West

CBA ties cut in CFSGAM rebrand

Commonwealth Bank’s exit from wealth management on Monday takes another step towards its drive for growth and expansion as the $223bn Colonial First State Global Asset Management (CFSGAM) rebrands itself as First Sentier Investors. The Aus

Renewables, solar expected to power mines

A growing portion of Australian mining executives believe renewable and solar energy will become a major source of power for local mines, according to new data from a major study of innovation in the mining sector. The Aus

Site teed up for new pool

Collier Park Golf Course looks likely to be picked as the location for an $80 million aquatic and recreation centre in South Perth. The West

England save face in Fifth

England have won the Fifth Test to draw the series, despite Mathew Wade scoring 117 as the hosts won at The Oval by 135 runs.

The Australian Financial Review

Page 1: Fiery drone strikes on Saudi Arabia’s energy infrastructure claimed by Yemen’s Houthi rebels, and linked by the United States to Iran, are expected to send oil prices soaring today in a devastating blow to stability in the Gulf.

Page 2: The home-buying frenzy paused for breath on Saturday as auction clearance rates fell back from the previous week’s high, even as buyers looked to return to the market, and demand for home loans continued unchecked.

Page 3: Karen Chester, deputy chair of the corporate regulator, has blamed a lack of competition in banking and superannuation for delivering ‘‘unfair’’ consumer outcomes and impeding the economy’s growth.

Page 5: Big energy retailers AGL, EnergyAustralia and Origin Energy have increased default market offers for their customers, despite new laws introduced by the Morrison government aimed at driving down prices.

Page 6: The development of alternative supplies of critical minerals, as well as other joint efforts by Australia and the United States to address Chinese influence in the region, will dominate talks in Washington DC at the end of this week between Scott Morrison and Donald Trump.

Page 8: There is “no evidence” that increases in the compulsory superannuation rate lead to lower wages, the Left-leaning McKell Institute claims.

Page 9: The mining industry has declared that nuclear power could be the cheapest way to generate electricity in the next decade, an audacious claim that advocates of wind and solar power are likely to bitterly dispute.

Page 14: The Morrison government’s reform of school education will include master teachers in schools to improve classroom management and maximise results, as well as more hands-on experience for trainee teachers.

Page 21: AGL Energy is being squeezed by a push by shareholder activists to close all of its coal-fired power stations by 2030, which would put the energy giant at odds with federal government policy to prolong the life of coal power.

The Australian

Page 1: Federal MPs have wound back travel to China on state-sponsored junkets amid concerns over foreign influence but continue to claim overseas-funded “study tours” paid for by governments including Taiwan, Qatar, Kuwait, Morocco and Azerbaijan.

Page 3: Public hospitals may face “massive damages” for negligence if their transgender clinics fail to fully inform young patients about the risks of treatments such as crosssex hormones, a prominent legal academic says.

Page 5: The Transport Workers Union has launched a significant legal action against Uber, hoping the case will advance the Australian rights of gig-economy workers.

Page 17: Big businesses have won over employees with their push into environmental and social issues but a glaring trust gap persists in the broader community that could act as a handbrake on crucial policy reforms, a new survey from the Committee for Economic Development of Australia suggests.

Commonwealth Bank’s exit from wealth management on Monday takes another step towards its drive for growth and expansion as the $223bn Colonial First State Global Asset Management (CFSGAM) rebrands itself as First Sentier Investors.

Page 18: The Australian-listed gold mining space could be in for a major equity raising in the months ahead, as Credit Suisse starts moving on a sale of Barrick Gold’s interest in the $1bn-odd Super Pit mine.

Page 20: A growing portion of Australian mining executives believe renewable and solar energy will become a major source of power for local mines, according to new data from a major study of innovation in the mining sector.

Page 23: Facebook has savaged the competition watchdog’s landmark report into digital platforms, accusing it of misunderstanding basic facts in a clear signal the social media giant plans to fight hard against further regulation.

The West Australian

Page 3: Perth Airport made a staggering $33 million profit from car parking fees last year with two -thirds of every $1 spent by motorists parking there going straight into the airport’s coffers.

Page 7: Collier Park Golf Course looks likely to be picked as the location for an $80 million aquatic and recreation centre in South Perth.

Page 9: Owning a home is life’s main goal for most people, but a new poll suggests the decades-long Great Australian Dream is undergoing its greatest generational change.

Page 14: Opposition Leader Anthony Albanese has stood firm in his defence of Labor’s pursuit of Gladys Liu, saying he is “outraged” at the Federal Government’s allegations his party was motivated by race in their scrutiny of the Chinese-born parliamentarian.

Page 20: Plans for a university in Perth’s CBD are beginning to ramp up, with the State Government taking an “everything is on the table” approach to making it happen.

Page 22: The number of cash-strapped Australians seeking free financial help has hit a record-high level with some so desperate they cannot afford food or petrol.

Business: A judge has cleared way for property developer Luke Saraceni and jailed former Raine Square partner Hossean Pourzand to mount a $200 million rearguard attack on the Commonwealth Bank.

WA’s farming sector would be better represented through a single voice, according to National Farmers Federation board member Tony York.