Morning Headlines

Fortescue in race for Simandou

Fortescue Metals Group has confirmed it is still in the running to pick up a slice of the “Pilbara of Africa”, with the Andrew Forrest-led company believed to be one of only two left vying for the right to develop blocks 1 and 2 of Guinea’s massive Simandou iron ore deposit. The Aus

Albo puts jobs, WA front & centre

Anthony Albanese will pledge to improve productivity and training and increase the number of Australians in work as part of a major jobs plan to be unveiled in Perth later this month. The West

Reynolds says naval upgrade will adapt to new weapons

Defence Minister Linda Reynolds has rejected growing criticism the Morrison government is wrong to spend $90 billion on warships and submarines at the expense of investing in cheaper but just as lethal unmanned autonomous weapons. The Fin

Big four deny gouging loyal mortgagees

The big four banks have hit back at claims they are pocketing more than $3 billion a year by leaving loyal customers languishing on home loan rates that are higher than those for new clients. The Fin

Energy mess scaring off investors

Knee-jerk interventions into the energy market by state and federal governments are stifling investment and forcing energy companies to try to second-guess political action, a course that will drive up prices and imperil reliability. The Fin

Deliveroo checks groceries as food wars start to heat up

Deliveroo’s new Australian chief executive, Ed McManus, has grand plans to expand the food delivery platform as American juggernaut DoorDash injects fresh competition into the $2.6 billion market. The Fin

Denialists are to blame for high power bills: Turnbull

Malcolm Turnbull has criticised the Liberal Party for failing to address climate change and develop “a coherent national energy policy”, which has led to Australians paying higher power bills and increasing carbon emissions. The Aus

Celebrating the WA scientists who used their noodle

WA’s noodle wheat industry has been hailed a major success story at an event in Perth last night celebrating 30 years since the birth of the specialist high-valued grain segregation — nowadays worth $250 million annually. The West

Siemens to back green hydrogen bid

Global technology giant Siemens has thrown its weight behind an ambitious plan to build a huge green hydrogen plant north of Kalbarri. The West

Air taxis idea flies

A British company says it’s building the world’s first “vertiport” for electric aircraft in Singapore, an early step towards a global network for flying taxis. The West

The Australian Financial Review

Page 1: Knee-jerk interventions into the energy market by state and federal governments are stifling investment and forcing energy companies to try to second-guess political action, a course that will drive up prices and imperil reliability.

Page 3: Kevin Rudd has accused Scott Morrison of courting One Nation voters and Christian fundamentalists with his Lowy speech about ‘‘negative globalism’’, with the Prime Minister pandering to those who hold conspiracy-laden views of ‘‘one world government’’.

Deliveroo’s new Australian chief executive, Ed McManus, has grand plans to expand the food delivery platform as American juggernaut DoorDash injects fresh competition into the $2.6 billion market.

Page 5: Defence Minister Linda Reynolds has rejected growing criticism the Morrison government is wrong to spend $90 billion on warships and submarines at the expense of investing in cheaper but just as lethal unmanned autonomous weapons.

Page 6: Seven West chairman and Rich Lister Kerry Stokes gave a ‘‘personal guarantee’’ to the federal government that a half-billion-dollar upgrade to the Australian War Memorial would stay within its controversial budget.

Page 7: A former senior Immigration Department executive warned of ‘‘immense’’ risks from outsourcing visa processing, blaming moves by the federal government to do so on artificial budget constraints and ageing IT systems.

Page 11: The big four banks have hit back at claims they are pocketing more than $3 billion a year by leaving loyal customers languishing on home loan rates that are higher than those for new clients.

CIMIC has arranged for most of its subsidiaries including CPB Contractors and Sedgman as well as UGL to pay customer invoices through financier Greensill, underscoring the extent to which Australia’s biggest construction company is using a controversial accounting technique known as ‘‘reverse factoring’’ to manage its debts.

Page 13: European investor Rocket Internet, which helped build The Iconic in online fashion retailing and HelloFresh in home meal deliveries, has turned its sights on Australia’s $5 billion vitamin industry.

The Australian

Page 1: Malcolm Turnbull has criticised the Liberal Party for failing to address climate change and develop “a coherent national energy policy”, which has led to Australians paying higher power bills and increasing carbon emissions.

Page 2: Employer groups that hold sway over some of the largest industry superannuation funds have warned against increasing the compulsory savings rate to 12 per cent because it would condemn blue-collar workers to lower wage rises and harm the economy.

Page 3: Doctors will be prevented from prescribing repeat prescriptions of antibiotics after the committee that advises the federal government on pharmaceutical drugs recommended a crackdown.

Page 4: Police and intelligence services will get rapid access to messages sent by terrorists, pedophiles and criminal gangs using US-owned technology platforms such as Google and Facebook under an access agreement being negotiated with the US government.

Page 9: Chinese soldiers stationed in Hong Kong have issued a warning to protesters who shone lasers at their barracks, in the first direct interaction with mainland military forces in four months of antigovernment demonstrations.

Page 17: Electricity companies have called for the government to give “extraordinary” divestment powers to the courts rather than the federal treasurer, in a last-ditch effort to soften “big stick” legislation that they claim will still do nothing to lower electricity prices.

Fortescue Metals Group has confirmed it is still in the running to pick up a slice of the “Pilbara of Africa”, with the Andrew Forrest-led company believed to be one of only two left vying for the right to develop blocks 1 and 2 of Guinea’s massive Simandou iron ore deposit.

Page 19: BHP will brief investors in London on Tuesday on its new approach to creating social value to boost sustainable earnings.

Page 20: About 300 workers have been let go by the Gina Rinehart-backed Sirius Minerals, as the English fertiliser mine developer slashes costs.

The West Australian

Page 4: WA kids are spending more of their daylight hours playing outside while those in other States are stuck in front of their iPads.

A total of 17 people have now been diagnosed with measles in Perth in a growing outbreak that reached WA from New Zealand last month.

Page 8: Anthony Albanese will pledge to improve productivity and training and increase the number of Australians in work as part of a major jobs plan to be unveiled in Perth later this month.

Most Perth voters support the controversial Roe 8 and 9 highway extension being built, according to new internal Liberal Party polling.

Page 11: WA Attorney-General John Quigley has suggested a powerful Upper House committee is deliberately frustrating a corruption inquiry to protect politicians under investigation.

Page 14: A Pilbara-wide trial of a banned drinkers register could start as soon as the end of this year.

Business: WA’s noodle wheat industry has been hailed a major success story at an event in Perth last night celebrating 30 years since the birth of the specialist high-valued grain segregation — nowadays worth $250 million annually.

Global technology giant Siemens has thrown its weight behind an ambitious plan to build a huge green hydrogen plant north of Kalbarri.

A British company says it’s building the world’s first “vertiport” for electric aircraft in Singapore, an early step towards a global network for flying taxis.