20/12/2019 - 06:41

Morning Headlines

20/12/2019 - 06:41

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Morning Headlines

Forrest lures ex-SA premier to WA

Former South Australian premier Jay Weatherill will shift to Perth in January to take up a new job as the chief executive of the early education arm of Rich Lister Andrew ‘‘Twiggy’’ Forrest’s philanthropic Minderoo Foundation. The Fin

WA leads way on jobs front

WA has punched above its weight in new employment figures, accounting for almost half the full-time jobs created across the country last month. The West

Disgraced former MP’s bizarre excuses for allowance rorts

The former Liberal MP at the centre of the expenses account scandal claims he was joined at a Perth strip club by fellow MPs and “well-known media entities”. The West

Macca’s dodges bill for backpay

Burger giant McDonald’s will be able to keep its workers on lower weekend and public holiday penalty rates until February and not have to backpay employees stranded on a 2013 enterprise agreement that has been terminated by the Fair Work Commission. The Aus

Banks face 'stress test' on climate

Australia’s biggest banks and insurance companies will be forced to protect themselves against risks caused by climate change, as the Reserve Bank and prudential regulator gear up to test large businesses’ readiness to shift to a low-carbon economy. The Aus

Gibb River wins bid for Ellendale

Gibb River Diamonds is in the box seat to restart mining at the shuttered Ellendale diamond mine in the Kimberley after winning a protracted State Government-run process. The West

Business to PM: Get economy moving

Big business is pushing the Morrison government to kickstart the slow economy through an urgent investment tax break, cutting red tape for infrastructure projects and longer term structural reforms to the tax system, in order to spark a private-sector led economic recovery. The Fin

Jobs surge slashes RBA rate cut odds

A sharp surge in jobs in November has triggered a plunge in expectations of a rate cut in February. The Fin

ACCC challenges $40m Bauer deal

The competition regulator is concerned about the potential impact of Bauer Media’s $40 million acquisition of Seven West Media’s Pacific Magazines on several weekly titles. The Fin

Lynas Corp to get the red carpet treatment

Lynas Corporation will get special State Government assistance to expedite its plans to build a $500 million rare earths processing plant in Kalgoorlie. The West

 

 

The Australian Financial Review

Page 1: An enraged and defiant Donald Trump lashed out at his Democratic tormentors after they made him the third President in US history to be be impeached – setting the scene for a bitterly rancorous 2020 election that will determine the limits of White House power and accountability.

Page 2: A sharp surge in jobs in November has triggered a plunge in expectations of a rate cut in February.

Page 3: Big business is pushing the Morrison government to kickstart the slow economy through an urgent investment tax break, cutting red tape for infrastructure projects and longer term structural reforms to the tax system, in order to spark a private-sector led economic recovery.

Page 6: China’s ambassador to Australia says his country is helping the Morrison government secure a budget surplus, describing trade and iron ore exports as ‘‘responsible’’ for an end to deficits.

Page 8: Former South Australian premier Jay Weatherill will shift to Perth in January to take up a new job as the chief executive of the early education arm of Rich Lister Andrew ‘‘Twiggy’’ Forrest’s philanthropic Minderoo Foundation.

Page 10: Budget airline Jetstar has gained a reprieve from disruptive industrial action during the peak of the holiday season, with the Transport Workers Union saying its members would not strike again until the new year.

Page 16: Kerry StokesSeven West Media has emerged as Prime Media’s largest shareholder, intensifying the battle for control of the regional broadcaster.

Page 18: The competition regulator is concerned about the potential impact of Bauer Media’s $40 million acquisition of Seven West Media’s Pacific Magazines on several weekly titles.

Page 19: Telstra has threatened to rescind its membership of the Business Council of Australia unless it addresses what the telecom giant says is an inconsistent position on climate change.

Page 20: Westpac has lost another Federal Court showdown with the corporate regulator, been penalised more than $9 million and found liable for inappropriate financial advice given by a former employee that failed to meet the best interests duty.

 

 

The Australian

Page 1: Australia’s biggest banks and insurance companies will be forced to protect themselves against risks caused by climate change, as the Reserve Bank and prudential regulator gear up to test large businesses’ readiness to shift to a low-carbon economy.

Page 4: Brisbane’s Cross River Rail Authority has contracted Huawei to deliver its new digital signalling system, entrusting the safety of passengers to the Chinese company considered a “high-risk vendor” by the federal government.

Page 7: Burger giant McDonald’s will be able to keep its workers on lower weekend and public holiday penalty rates until February and not have to backpay employees stranded on a 2013 enterprise agreement that has been terminated by the Fair Work Commission.

Page 15: Financial groups will be legally liable if dodgy products such as junk insurance or cash options in superannuation are created and distributed under a new proposal from the corporate watchdog.

Page 16: Britain is following Australia’s lead and taking on the US tech giants, with its competition watchdog flagging new regulation designed to curb the market dominance of Google and Facebook.

Page 18: Banking scandals, failed deals and big paydays have cast business leaders into the headlines in 2019.

 

 

The West Australian

Page 5: The treasurer of a WA Liberal Party division has quit after being charged with stealing $2.9 million from a native title claim trust account to partly buy a Geraldton hotel.

Page 7: The former Liberal MP at the centre of the expenses account scandal claims he was joined at a Perth strip club by fellow MPs and “well-known media entities”.

Page 11: WA Labor State secretary Matt Dixon is under pressure to resign after the party launched an internal investigation into revelations that money raised by State MPs was used to help fund the disastrous Bill Shorten Federal election campaign.

Australia’s biggest native title deal looks like it will go ahead after a failed appeal from dissenting Noongar families.

Page 23: WA’s peak unions body wants the McGowan Government to scrap its cap on public sector wage rises, claiming workers should be paid more to help stimulate the local economy.

Ambulance ramping times will no longer be reported as the McGowan Government yesterday tried to spruik greater transparency within the WA health system.

Business: WA has punched above its weight in new employment figures, accounting for almost half the full-time jobs created across the country last month.

The Sydney company targeted by the corporate regulator over the collapse of Sterling First has itself gone into administration.

Gibb River Diamonds is in the box seat to restart mining at the shuttered Ellendale diamond mine in the Kimberley after winning a protracted State Government-run process.

Water chasers are eyeing off WA’s Ord irrigation scheme, with owners of the biggest cotton farm in the southern hemisphere on the verge of signing a deal to grow cotton across 675ha of land near Kununurra.

Lynas Corporation will get special State Government assistance to expedite its plans to build a $500 million rare earths processing plant in Kalgoorlie.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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