23/09/2019 - 06:54

Morning Headlines

23/09/2019 - 06:54

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Morning Headlines

Australian wheat fit for feed but not food

Australia’s biggest wheat exporter says farmers are opting to grow crops more suited to livestock feed than food manufacture, and the trend is changing traditional export markets. The Fin

PM digs in on China with Trump

Scott Morrison has dug in behind Donald Trump’s push to win significant concessions from China on trade – especially an end of intellectual property theft – and is prepared to adjust the budget to help the economy ride out what looms as a protracted dispute. The Fin

Warning over housing-led recovery

Residential property is in a trough and dragging along market bottom rather than set for a rebound that will reinvigorate the economy, according to analysis by global investment bank Morgan Stanley. The Fin

Dodgy claims are declining, says Tax Office

Australians are claiming fewer incorrect tax deductions, the Tax Office has said, as it praises the greater care being exercised by taxpayers and accountants following record early demand since July 1. The Fin

Innovation awards unearth cost-saving oil and gas invention

An invention that has the potential to save Australia’s oil and gas industry millions of dollars each year has been named the overall winner at the 2019 Curtinnovation Awards. The West

Google claims quantum supremacy

Google claims to have built the first quantum computer that can carry out calculations beyond the ability of today’s most powerful supercomputers, a landmark moment that has been hotly anticipated by researchers. The Fin

Fed cash injection to calm markets

Australian banks and regulators are watching any near-term squeeze in funding markets as the US Federal Reserve prepares a daily injection of $US75bn ($111bn) into overnight money markets to fund banks and financial players for the next two weeks. The Aus

Your kids to wear cameras

Cameras as small as buttons will be attached to WA children in a world-first study to measure their exposure to smartphones, laptops, televisions and iPads. The West

Alarm as health checks for toddlers slump

Fewer than a third of WA toddlers are attending child health checks when they turn two, prompting concerns developmental or medical issues are being missed.

 

 

The Australian Financial Review

Page 1: Scott Morrison has dug in behind Donald Trump’s push to win significant concessions from China on trade – especially an end of intellectual property theft – and is prepared to adjust the budget to help the economy ride out what looms as a protracted dispute.

Page 2: Top chief executives turnover has reached a record high as business leaders are being burned in the wake of the Hayne royal commission and the slowing economy.

Page 3: The scope of the Morrison government’s planned retirement income system review is being narrowed to dodge tackling fraught superannuation tax and pension policies that could upset Baby Boomer voters.

Page 6: Residential property is in a trough and dragging along market bottom rather than set for a rebound that will reinvigorate the economy, according to analysis by global investment bank Morgan Stanley.

Page 8: Australians are claiming fewer incorrect tax deductions, the Tax Office has said, as it praises the greater care being exercised by taxpayers and accountants following record early demand since July 1.

Page 9: Australia’s biggest wheat exporter says farmers are opting to grow crops more suited to livestock feed than food manufacture, and the trend is changing traditional export markets.

Page 11: Indonesia’s President Joko Widodo is expected to succeed in his bid to postpone a controversial new penal code but it won’t prevent a short-term hit to Indonesia’s tourism industry or allay long-term human rights concerns.

Page 12: Education Minister Dan Tehan wants companies to offer degree-level apprenticeships in an aggressive push to shake up the university sector and get more value out of the $36 billion a year government spends on higher education.

The ATAR system appears destined for the scrapheap owing to the narrowness of what it tells employers and educators about the ability of a student.

Page 13: The prudential regulator’s authority has been severely undermined by its Federal Court loss against wealth company IOOF, lawyers and academics said.

Page 15: Too many Australian manufacturing companies are locked in ‘‘pilot purgatory’’ where they hesitate to embrace full-scale overhauls of their operations with artificial intelligence, robotics and agile thinking after dabbling with test projects inside their firms.

Page 19: Google claims to have built the first quantum computer that can carry out calculations beyond the ability of today’s most powerful supercomputers, a landmark moment that has been hotly anticipated by researchers.

 

 

The Australian

Page 1: Scott Morrison has publicly called on China to “take every opportunity” to settle the trade war with the US after directly urging Donald Trump to do the same to avoid economic damage to Australia and the region.

Page 2: The National Farmers Federation has criticised the federal workplace regulator for pursuing High Court action in response to two failed legal proceedings involving 386 mushroom pickers allegedly underpaid almost $650,000.

Page 17: Agriculture and food are among the most attractive sectors for Chinese investors in Australia, as interest has shifted from resources to companies making goods for consumers, according to KPMG Australia’s China business practice partner Helen Zhi Dent.

SocietyOne is shaking up its peer-to-peer operating model through a new income-managed fund as it looks to drive the next leg of growth and attract a broader set of investors.

Australian banks and regulators are watching any near-term squeeze in funding markets as the US Federal Reserve prepares a daily injection of $US75bn ($111bn) into overnight money markets to fund banks and financial players for the next two weeks.

Page 18: Internet affordability has become a bargaining chip between the telcos and NBN Co and with both parties yet to see eye-to-eye on the issue, the prospect of internet access becoming more expensive is putting consumers on edge.

Page 19: CPA Australia has labelled the Hayne royal commission a missed opportunity as it called on the government and regulators to reduce regulatory complexity in the financial advice industry in a bid to stem the flow of advisers and accountants exiting the sector.

Page 20: Australian mining companies have agreed to work together to build community confidence in their tailings facilities and proactively manage risks, the Minerals Council of Australia says.

Page 23: Commercial broadcasters have called for an immediate start to work on a code of conduct governing negotiations between traditional media and the tech giants, setting up a key battleground for the government’s response to the digital platforms inquiry.

 

 

The West Australian

Page 3: Cameras as small as buttons will be attached to WA children in a world-first study to measure their exposure to smartphones, laptops, televisions and iPads.

A $200 million cash splash on public school maintenance and upgrades may be the start of a broader stimulus package with Treasurer Ben Wyatt declaring two and half years of budget repair was beginning to reap dividends.

Page 4: Australia’s richest person has implored the Prime Minister to introduce successful economic policies favoured by US President Donald Trump.

Page 10: Ambitious plans to boost the powers of City of Perth rangers in a bid to reduce antisocial behaviour and homelessness in the CBD are failing to win widespread support.

Page 14: Fewer than a third of WA toddlers are attending child health checks when they turn two, prompting concerns developmental or medical issues are being missed.

Page 16: The independent inspector of the Corruption and Crime Commission has questioned whether the powerful body should be able to name and shame people as part of public hearings and investigations.

Business: An invention that has the potential to save Australia’s oil and gas industry millions of dollars each year has been named the overall winner at the 2019 Curtinnovation Awards.

The Federal Government is drawing up a national priority list of exotic pests and diseases to protect native plants and animals.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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