25/09/2019 - 06:48

Morning Headlines

25/09/2019 - 06:48

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Morning Headlines

East Perth station site closer to redevelopment

The long-awaited revitalisation of the East Perth Power Station is set to be one of the first new projects for a newly-merged State Government entity. The West

Cannon-Brookes’ $25b plan to export Aussie solar power

Atlassian co-founder Mike Cannon-Brookes will invest a part of his personal wealth in an audacious $25 billion project to create the world’s biggest solar farm, its biggest power storage system and a 3000-kilometre cable to export energy to Asia. The Fin

Mining boom brain drain

Almost 75,000 Australians would have a university degree had the mining boom never happened, a new report from the Reserve Bank suggests. The West

Brookfield asks banks to chip into WA rail

Infrastructure heavyweight Brookfield is back in front of financiers seeking fresh funds for its West Australian rail business. The West

RBA ‘must follow global rates down’

Reserve Bank of Australia governor Philip Lowe has signalled he is preparing to cut interest rates again, possibly as early as next week, arguing he cannot ignore the fall in international borrowing costs because if the RBA did nothing the exchange rate would jump and hurt the local economy. The Fin

Boost for farmers as changes to visas hit

Australian agriculture firms are benefiting from a major spike in working backpackers on the back of government changes to its visa programs and a global tourism campaign aimed at wooing overseas workers to regional areas. The Aus

Start-ups see angel investment plunge

Funding for budding Australian startups has slumped two-thirds in a year and lags well behind other advanced economies, a new report has found. The Fin

Huawei or the highway, dons warn

Chinese academics on a statesponsored speaking tour say Australia won’t be taken out of Beijing’s diplomatic freezer until it relaxes its 5G ban on Chinese telco Huawei. The Aus

Time to penalise MPs who lobby too soon

Ex-politicians could face hefty fines or have their parliamentary pensions slashed under a proposal for tough new rules to prevent MPs becoming lobbyists too soon after quitting politics. The West

Slice of Brookfield Place up for grabs

The most iconic building on the city skyline could be about to change hands — at least partially — with the owner believed to be offering a stake in Brookfield Place. The West

 

 

The Australian Financial Review

Page 1: Atlassian co-founder Mike Cannon-Brookes will invest a part of his personal wealth in an audacious $25 billion project to create the world’s biggest solar farm, its biggest power storage system and a 3000-kilometre cable to export energy to Asia.

Reserve Bank of Australia governor Philip Lowe has signalled he is preparing to cut interest rates again, possibly as early as next week, arguing he cannot ignore the fall in international borrowing costs because if the RBA did nothing the exchange rate would jump and hurt the local economy.

Page 3: An estimated 170,000 workers are placed into superannuation funds with poor investment returns each year – victims of what the Productivity Commission has described as the default system’s ‘‘unlucky lottery’’.

Page 4: Scott Morrison believes China should do more to reduce its carbon emissions as he backed up his claim that the rising power was no longer entitled to designate itself a developing nation.

Page 8: The Productivity Commission has called for state and federal governments to increase rental assistance, as it found that the number of low-income households in rental stress had doubled in the past two decades.

Page 9: The federal government is preparing  a second round of support for drought-affected communities, and Prime Minister Scott Morrison has flagged plans to visit some of the hardest-hit areas on his return from the United States.

Page 13: Funding for budding Australian startups has slumped two-thirds in a year and lags well behind other advanced economies, a new report has found.

Page 17: UN Secretary-General Antonio Guterres slammed governments around the world for obstructing action on climate change, while urging businesses to use their power to spur action such as campaigning against fossil fuel subsidies.

Page 19: Treasury Wine Estates is considering demerging the group’s cheaper commercial wine operations, but not before acquiring a suitable commercial rival.

Vodafone Hutchison Australia will have to make major changes to its mobile plans within months as the limits of its existing network reach capacity, the Federal Court has heard.

Page 20: Infrastructure heavyweight Brookfield is back in front of financiers seeking fresh funds for its West Australian rail business.

Page 21: Woolworths is taking advantage of record-low interest rates to refinance about $2 billion of bank facilities scheduled due to mature over the next two years.

Page 23: Payments unicorn iSignthis has assured the market it ‘‘adheres [to] or exceeds’’ its regulatory requirements, but a series of transactions that triggered alerts at Danish bank KAB last year remain unexplained.

 

 

The Australian

Page 3: More than 200 doctors in three days have added their names to a medicos’ petition urging Health Minister Greg Hunt to call a broad parliamentary inquiry into risky medical treatment of young people who believe they were born in the wrong body.

Page 4: Chinese academics on a state-sponsored speaking tour say Australia won’t be taken out of Beijing’s diplomatic freezer until it relaxes its 5G ban on Chinese telco Huawei.

Page 5: Australian agriculture firms are benefiting from a major spike in working backpackers on the back of government changes to its visa programs and a global tourism campaign aimed at wooing overseas workers to regional areas.

Page 6: The “revolving door” between government and the alcohol, tobacco and gambling industries has been revealed in a new study that tracks for the first time the influence of lobbyists on public health policy.

Page 17: Global financiers and green energy developers have warned that Australia’s pipeline of renewable generation projects faces gridlock, as concerns over transmission losses threaten to derail billions of dollars of investment.

Anti-money-laundering boss Nicole Rose has declared her agency will take action to protect the community when it suspects financial crimes are taking place amid fast growth in digital platforms for payments.

Page 21: The corporate regulator has confirmed it is undertaking close analysis of investment accounts that give advisers discretion to act for customers, following stern criticism over hidden fees and higher costs.

Page 26: Australia’s investment in research and development has fallen again as a share of the size of the economy and is well below the OECD average, according to figures from the Australian Bureau of Statistics.

 

 

The West Australian

Page 8: The Prime Minister took his global fight against social media giants to the United Nations yesterday as he warned terrorists and violent extremists were “weaponising” the internet.

Page 14: The long-awaited revitalisation of the East Perth Power Station is set to be one of the first new projects for a newly-merged State Government entity.

Page 18: Assisted dying laws have cleared a major hurdle after passing through the Lower House, but Premier Mark McGowan has warned the Bill faces a far tougher fight in the Legislative Council, urging the public to pressure their local members to make their voice heard.

Page 24: WA Senator Matt O’Sullivan has been selected to sit on a committee overseeing an inquiry into family law, which he says will be “Parliament’s greatest moment”.

Ex-politicians could face hefty fines or have their parliamentary pensions slashed under a proposal for tough new rules to prevent MPs becoming lobbyists too soon after quitting politics.

Business: Almost 75,000 Australians would have a university degree had the mining boom never happened, a new report from the Reserve Bank suggests.

Facebook has agreed to pay up to $US1 billion ($1.47 billion) for a technology start-up that is building software to let people control a digital avatar using only their thoughts.

Brownes Dairy will take a major leap to reduce its impact on the environment by switching to recyclable milk cartons.

The State’s social and economic future will be shaped by a powerful new entity called DevelopmentWA, which will oversee $3.8 billion in projects next year alone.

The most iconic building on the city skyline could be about to change hands — at least partially — with the owner believed to be offering a stake in Brookfield Place.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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