19/11/2019 - 07:02

Morning Headlines

19/11/2019 - 07:02

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Morning Headlines

Perth, Adelaide scrap over maintenance of submarines

A member of the review team that turned around the performance of Australia’s ailing Collins class submarines says heavy maintenance should be moved to Perth from Adelaide, as Prime Minister Scott Morrison indicated the politically sensitive decision could be delayed until next year. The Fin

Palmer pledges to spend big in WA

Royalties-rich Clive Palmer says he is looking to spend big in Western Australia where his standoff with the Chinese operators of a $US12 billion ($17.6 billion) mine has put him at odds with Premier Mark McGowan. The Fin

Making Pit super again

Saracen Minerals Holdings boss Raleigh Finlayson is convinced Kalgoorlie’s famous Super Pit can reclaim its former glory as a highly productive, low-cost, tier-one asset with a multi-decade mine life. The West

Treasurer warns of ageing bill

Treasurer Josh Frydenberg says the need to keep the budget in surplus is not only important to cope with current demands but also the long-term challenges, especially the ‘‘economic time bomb’’ of an ageing population. The Fin

Moves free space for BHP chiefs

BHP’s WA iron ore boss Edgar Basto is in the box seat to take over in the position left vacant by the ascension of Mike Henry to chief executive. The West

Building projects face early rollout

Infrastructure Minister Alan Tudge has flagged a deal with the states to fast-track several infrastructure projects as the Morrison government faces calls to do more to help stimulate the economy. The Aus

Labor’s crisis of faith

Labor is facing an internal stoush over the Federal Government’s religious freedoms legislation, with MPs divided on whether its loss of Christian votes in its bruising election defeat means the party needs to throw its weight behind the proposed laws. The West

Preferred site for city shelter revealed as welfare concerns rise

The City of Perth has revealed its preferred site for a new homelessness service delivery centre in a bid to fill the gap in support for those sleeping rough in the CBD. The West

Biz mum proves a cut above

Baldivis mum and businesswoman Maria Georgiou has been recognised with a global award for an innovative idea she developed to stop her kids injuring themselves with knives when helping her in the kitchen. The West

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg says the need to keep the budget in surplus is not only important to cope with current demands but also the long-term challenges, especially the ‘‘economic time bomb’’ of an ageing population.

Page 2: A member of the review team that turned around the performance of Australia’s ailing Collins class submarines says heavy maintenance should be moved to Perth from Adelaide, as Prime Minister Scott Morrison indicated the politically sensitive decision could be delayed until next year.

Page 3: A sacked UberEats driver is challenging the business model of the gig economy by arguing the on-demand food delivery company relies on a ‘‘fictional construct’’ with its drivers that claims their relationship is with restaurants, not the app.

A global anti-money laundering taskforce has suspended evaluations of financial crime laws midway through an examination of Australia’s progress in the area.

Gender equality is stalling at the top levels of the workplace, experts warn, as the share of female chief executives and board members stagnates and efforts to close the gender pay gap achieve only modest gains.

Page 4: Extreme caution would be applied to foreign takeover bids involving sensitive data, but deals like last week’s Bellamy’s acquisition were good for jobs and growth, Treasurer Josh Frydenberg said.

Royalties-rich Clive Palmer says he is looking to spend big in Western Australia where his standoff with the Chinese operators of a $US12 billion ($17.6 billion) mine has put him at odds with Premier Mark McGowan.

Page 5: Prime Minister Scott Morrison is trying to hold together the relationship with China by urging Australians to focus on the economic benefits even as he described Beijing’s decision to block two federal MPs from visiting as ‘‘very disappointing’’.

Page 7: Gas giant Santos says it could sequester within four decades the amount of carbon dioxide stored in the Amazon rainforest, should it receive adequate government assistance to establish carbon capture and storage.

Page 10: Saudi Arabia has bowed to pressure from international investors by pricing its state oil company at a maximum of $US1.7 trillion ($2.5 trillion), well short of the $US2 trillion sought by Crown Prince Mohammed bin Salman.

Page 11: Payments unicorn iSignthis has disclosed that contracts with offshore entities that ASIC has warned could be operating trading scams helped it achieve a key historical revenue target.

Page 15: Eight months after the Hayne royal commission tore shreds off National Australia Bank and triggered the departure of chairman Ken Henry and chief executive Andrew Thorburn, a staff survey has revealed bank employees feel no safer and many still fear retribution if they call out bad behaviour.

 

 

The Australian

Page 1: Paul Keating has criticised Canberra’s handling of the China relationship, warning that the nation’s foreign policy lacks “any strategic realism” and leaves Australia vulnerable in the Asia-Pacific, as Donald Trump’s America retreats.

Page 2: Infrastructure Minister Alan Tudge has flagged a deal with the states to fast-track several infrastructure projects as the Morrison government faces calls to do more to help stimulate the economy.

The defence force risks losing efficiency gains it has made in its fleet of Collins-class submarines if major overhauls continue to be done in South Australia, West Australian Premier Mark McGowan says.

Page 6: China’s rejection of travel visas for two Australian politicians was a sign of diplomatic immaturity, a former head of the Department of Prime Minister and Cabinet has told The Australian’s Strategic Forum in Sydney.

Page 17: Treasurer Josh Frydenberg and the chair of the Foreign Investment Review Board have warned Chinese investors that takeover bids that had the potential to access private data and “critical infrastructure” would receive a high level of scrutiny.

A top US investment house founded by a long-time friend of Warren Buffett has publicly backed the strategy of A2 Milk chief executive Jayne Hrdlicka amid growing concerns about the company’s increasing cost base, as pricing in the booming China market comes under pressure.

Page 19: It could take a “catastrophic event” for cybersecurity to be taken seriously in the mining industry, according to a survey of global executives.

Page 25: The humble audiobook is in the midst of a big-budget upgrade, with Audible’s local boss Leanne Cartwright-Bradford declaring the start of a new era of premium, high-end audio entertainment.

 

 

The West Australian

Page 4: A friend of allegedly corrupt public servant Paul Whyte was the frontman for a taxpayer-funded rebuild of an East Kimberley community despite a long history of fraud in three States.

Christmas chaos looms for about 14,000 Air New Zealand customers, including many in Perth, who will be affected by ongoing Rolls-Royce engine checks on its 787-9 planes.

Page 8: Official plans for the Australian War Memorial’s $500 million expansion have been revealed, with hopes to have the service of modern veterans clearly acknowledged along with those from centuries passed.

Page 9: Labor is facing an internal stoush over the Federal Government’s religious freedoms legislation, with MPs divided on whether its loss of Christian votes in its bruising election defeat means the party needs to throw its weight behind the proposed laws.

Page 14: The City of Perth has revealed its preferred site for a new homelessness service delivery centre in a bid to fill the gap in support for those sleeping rough in the CBD.

Business: Saracen Minerals Holdings boss Raleigh Finlayson is convinced Kalgoorlie’s famous Super Pit can reclaim its former glory as a highly productive, low-cost, tier-one asset with a multi-decade mine life.

BHP’s WA iron ore boss Edgar Basto is in the box seat to take over in the position left vacant by the ascension of Mike Henry to chief executive.

Baldivis mum and businesswoman Maria Georgiou has been recognised with a global award for an innovative idea she developed to stop her kids injuring themselves with knives when helping her in the kitchen.

The highly contagious African swine fever is bound to spread to new countries next year because current measures will not contain it, according to a report out yesterday by Rabobank.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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