30/10/2019 - 06:59

Morning Headlines

30/10/2019 - 06:59

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Morning Headlines

BHP, Rio emissions claims media ‘sugar hits’: Forrest

Fortescue Metals Group chairman Andrew Forrest has taken a swipe at rival iron ore mining giants Rio Tinto and BHP over their claims about reducing customer greenhouse gas emissions. The Fin

Auditors give up ground in conflicts row

Audit giants PwC and KPMG have opened the door to curtailing the amount of lucrative consulting work they can perform for corporations they audit, as the big four professional services firms rebuff moves to forcibly split up their businesses. The Aus

Green tape review to boost approvals

Business groups want a once-in-a-decade review of national environmental protection laws to end duplication of the ‘‘green tape’’ imposed by state and local governments, as the Morrison government vows to speed up approvals for major projects. The Fin

Casual jobs here to stay, says Albanese

Casual workers should be able to take workplace entitlements from job to job under a revamp of the workplace relations system flagged by Labor leader Anthony Albanese. The Fin

WA feral pig cull on cards

The WA Government will get behind a national call to cull Australia’s 24 million feral pigs as the country ramps up its defence against African swine fever, but no new funds will be dedicated to the effort. The West

RBA urges boards: cut hurdle rates

Reserve Bank of Australia governor Philip Lowe has pressured business and government to wake up to the opportunity of an extended period of cheaper credit by lowering excessively high return hurdles and start investing in projects. The Fin

Airport digs for Amazon

Online retail giant Amazon has announced its physical presence in WA, unveiling a warehouse slated for the business precinct at Perth Airport. The West

PM's $1bn clean energy bet

An extra $1bn will be pumped into the Clean Energy Finance Corporation to turbocharge development of next-generation electricity production and upgrade the transmission network to future-proof the grid and drive down prices. The Aus

Retirees ‘upsize’ to get the pension

Older Australians are buying more expensive homes in retirement to hang on to the Age Pension, according to experts who say pension eligibility rules are causing nationwide over-investment in housing. The Aus

Free Perth parking trial

A 12-month free parking trial to revitalise the Perth CBD has got the green light from commissioners running the city council. The West

 

 

The Australian Financial Review

Page 1: Reserve Bank of Australia governor Philip Lowe has pressured business and government to wake up to the opportunity of an extended period of cheaper credit by lowering excessively high return hurdles and start investing in projects.

Page 4: Casual workers should be able to take workplace entitlements from job to job under a revamp of the workplace relations system flagged by Labor leader Anthony Albanese.

Page 5: Business groups want a once-in-a-decade review of national environmental protection laws to end duplication of the ‘‘green tape’’ imposed by state and local governments, as the Morrison government vows to speed up approvals for major projects.

Page 6: Rod Sims’ consumer watchdog will face off in a world-first court battle against one of the 21st century’s most powerful companies, accusing Google of misleading Android users about the steps needed to disable its ability to track and use their location data.

Page 7: Income tax will continue to increase as a proportion of disposable household income over the next decade – and as a drag on consumption – despite legislated tax cuts worth $302 billion over the same period.

Page 9: Unions have successfully reversed the approval of a new agreement that they blamed for leading a ‘‘race to the bottom’’ in wages and conditions in the offshore oil and gas sector.

Page 15: Frank Costa, co-founder and large shareholder of ailing fruit and vegetable grower Costa Group, says part of the company’s problems are self-inflicted after aggressive expansion led to oversupply in key products, as he baulked at pumping more of his own funds into the $176 million rights issue.

Fortescue Metals Group chairman Andrew Forrest has taken a swipe at rival iron ore mining giants Rio Tinto and BHP over their claims about reducing customer greenhouse gas emissions.

Page 17: Coles chief Steven Cain says the retailer’s 48th consecutive quarter of supermarket sales growth despite increased competition from Woolworths is proof a new strategy aimed at winning the trust of customers is gaining traction.

Page 21: Former Telstra chairman Bob Mansfield has warned the government it must clarify the rules governing NBN Co’s behaviour in the enterprise market or risk a drop-off of investment from the private sector.

 

 

The Australian

Page 1: An extra $1bn will be pumped into the Clean Energy Finance Corporation to turbocharge development of next-generation electricity production and upgrade the transmission network to future-proof the grid and drive down prices.

An explosion in class action claims funded by overseas litigation backers is threatening investment and jobs in Australia, with more than $10bn in claims lodged against businesses in the last financial year.

Page 2: Australia’s former top bureaucrat, Martin Parkinson, has warned that the risk to free speech infecting university campuses is a symptom of a broader societal schism threatening the country’s knowledge base and shutting down rational debate.

Page 3: Police arrested 50 protesters and deployed horses and capsicum spray as anti-mining groups hurled abuse at delegates during a blockade of an international resources conference.

Page 6: Marise Payne says the Morrison government will not turn a blind eye to human rights violations in China, and Australian values will be at the forefront of the nation’s efforts to shape the international order.

Page 8: Older Australians are buying more expensive homes in retirement to hang on to the Age Pension, according to experts who say pension eligibility rules are causing nationwide over-investment in housing.

Page 17: Audit giants PwC and KPMG have opened the door to curtailing the amount of lucrative consulting work they can perform for corporations they audit, as the big four professional services firms rebuff moves to forcibly split up their businesses.

Page 18: Developments surrounding the strategic review of the Incitec Pivot fertiliser division are expected to be known next month, but already parties are understood to have expressed interest.

 

 

The West Australian

Page 3: A 12-month free parking trial to revitalise the Perth CBD has got the green light from commissioners running the city council.

Page 4: Reserve Bank governor Philip Lowe has all but ruled out negative interest rates in Australia and says current monetary policy is working to keep the economy strong in the face of global uncertainties.

Australia’s peak mental health experts have called on Federal Treasurer Josh Frydenberg to turn his efforts to mental health reform as a way to boost productivity and stimulate the economy.

Page 5: WA’s unofficial mascot — the quokka — will spearhead a new global Tourism Australia campaign aimed at showcasing our unique destinations and wildlife to the US, China and Britain.

Page 7: The head of Perth’s only international school says a scheme to entice parents of gifted pupils in China to pay for places at Perth’s most sought after public schools “smacks of elitism”.

Page 9: Murdoch University has revealed it is in the early stages of planning a city campus after yesterday launching a teaching space on St Georges Terrace.

Page 16: Online retail giant Amazon has announced its physical presence in WA, unveiling a warehouse slated for the business precinct at Perth Airport.

Page 22: Women with, or suspected of having, breast cancer will from Friday be able to claim MRI scans on Medicare.

The townsite of Onslow will more than double in size if the State Government approves an “extremely rare” request for its boundaries to be expanded.

Page 29: Equality for West Australian artists and curators has improved dramatically in the past five years, with a report revealing that WA has overtaken the national average of female artists exhibited in State galleries.

Business: Fortescue Metals Group chairman Andrew Forrest has defended the miner’s environmental and social record by accusing its major rivals of grandstanding with their public pledges on emissions and diversity.

The WA Government will get behind a national call to cull Australia’s 24 million feral pigs as the country ramps up its defence against African swine fever, but no new funds will be dedicated to the effort.

Fast-running explorer Strike Energy has gone back to shareholders for at least $35 million to follow up its West Erregulla gas discovery in the Perth Basin.

The jewel in the crown of the late Len Buckeridge’s empire — the BGC Centre — will settle tomorrow for just over $100 million to Singapore-based Redhill Partners.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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