17/02/2020 - 06:42

Morning Headlines

17/02/2020 - 06:42

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No onus on us: Woodside

Woodside Petroleum’s former ownership of the abandoned Northern Endeavour oil production ship does not obligate the energy group to help pay for the clean-up, chief executive Peter Coleman says. The West

Toll battles cyber hit to supply lines

Freight delivery giant Toll Group is battling to fully restore its services after a crippling cyber attack, which security experts say is the most significant in Australian corporate history, as it faces growing discontent from clients including Telstra, Officeworks and Footlocker. The Fin

CIMIC forced finance deal, contractor claims

Small business ombudsman Kate Carnell said she expects financier Greensill Capital to be renegotiating any contract with CIMIC that allows the construction group to force supply chain financing arrangements onto suppliers, or push out terms, as new complaints arise about CIMIC’s use of the payment schemes. The Fin

Feds asked to ‘please explain’ 

Morawa Shire President Karen Chappel, pictured, said 17 WA councils which missed out on the funding had joined forces to ask the WA Local Government Association to advocate on its behalf. The West

Greens seek new deal with mines

New Greens leader Adam Bandt will tour Australia’s mining regions to promote his plan to create a “renewable mining and manufacturing” sector and repair his party’s poor relations with resources industry workers. The Aus

Lift ban ‘in weeks’ to save jobs

The Morrison government should lift the China travel ban within weeks to stem the economic damage from the coronavirus on the multi-billion dollar tourism sector, according to a peak industry group. The Fin

Nats threat to derail 2050 carbon plan

Prime Minster Scott Morrison faces another damaging split over climate policy, with the Nationals preparing to oppose any effort for Australia to join countries cutting carbon emissions to net zero status by 2050. The Fin

Investors see windfall from iron ore giants

Hopes are high for a dividend windfall from iron ore giants BHP and Fortescue Metals Group this week, as the spoils of the iron ore price surge are shared with investors. The Fin

New chief takes on Crown probe

A stalled federal investigation into the relationship between James Packer’s Crown Resorts and Peter Dutton’s Department of Home Affairs is back on the boil after the Morrison government quietly appointed a new head of its integrity commission. The Aus

Hungry Jack's to extend NBL deal

Billionaire Jack Cowin will on Monday agree to a three-year extension for his Hungry Jack’s chain to sponsor Larry Kestelman’s National Basketball League, in a sign of confidence in one of the country’s fastest-growing sports leagues. The Aus

 

 

The Australian Financial Review

Page 1: Freight delivery giant Toll Group is battling to fully restore its services after a crippling cyber attack, which security experts say is the most significant in Australian corporate history, as it faces growing discontent from clients including Telstra, Officeworks and Footlocker.

Page 3: Beneficiaries of cashed-up trusts are in the Australian Tax Office’s sights, with tough scrutiny of expenses and income splitting under way ahead of a new draft ruling on reimbursement agreements.

Page 4: The Morrison government should lift the China travel ban within weeks to stem the economic damage from the coronavirus on the multi-billion dollar tourism sector, according to a peak industry group.

Page 6: Members of federal Parliament’s influential intelligence and security committee will meet security agencies in the US, after a dispute with Britain over Huawei and 5G technology.

Page 8: Prime Minster Scott Morrison faces another damaging split over climate policy, with the Nationals preparing to oppose any effort for Australia to join countries cutting carbon emissions to net zero status by 2050.

Page 11: China’s Communist Party is forcing millions of people in its biggest cities to stay at home in an unprecedented population control campaign aimed at keeping people away from returning migrant workers who it fears may have come into contact with the coronavirus.

Page 13: CIMIC could be withholding more secrets, warns the analyst who cracked the reverse factoring row at Australia’s largest construction group.

Hopes are high for a dividend windfall from iron ore giants BHP and Fortescue Metals Group this week, as the spoils of the iron ore price surge are shared with investors.

Page 15: Qantas Airways has won a protracted legal battle against the aircraft engineers’ union, fending off suggestions it was not paying enough to workers who had extra training and qualifications.

Page 17: Global payments giants Mastercard and Visa have warned the Reserve Bank against turning the screw any harder on debit and credit card fees, saying this would hurt new banks seeking to compete with the majors and increase the risk of security breaches by curbing additional investment in the payments system.

 

 

The Australian

Page 1: Backpackers will be granted special visa benefits to help rebuild homes, fences and farms in bushfire-ravaged communities under an overhaul of the working holidaymaker program aimed at fast-tracking reconstruction and boosting tourism.

Page 2: The Health Services Union will launch a national campaign advocating for a Medicare-style levy to fund a single-payer system for aged care, piling pressure on Anthony Albanese to support a major funding package.

Page 4: New Greens leader Adam Bandt will tour Australia’s mining regions to promote his plan to create a “renewable mining and manufacturing” sector and repair his party’s poor relations with resources industry workers.

Page 6: A stalled federal investigation into the relationship between James Packer’s Crown Resorts and Peter Dutton’s Department of Home Affairs is back on the boil after the Morrison government quietly appointed a new head of its integrity commission.

Page 17: Asian buyers have been pushing back against Australian gas exporters by lowering the volumes they buy and seeking more competitive deals amid slumping spot LNG prices.

Billionaire Jack Cowin will on Monday agree to a three-year extension for his Hungry Jack’s chain to sponsor Larry Kestelman’s National Basketball League, in a sign of confidence in one of the country’s fastest-growing sports leagues.

Page 23: Google will face a new class action for the damage its malicious anonymous reviews have done to individuals and their businesses, according to the lawyer behind a landmark court ruling that will force the digital giant to hand over the identity of reviewers.

 

 

The West Australian

Page 3: Australian researchers have discovered a potential cure for the devastating disease multiple sclerosis by repurposing an old drug used for another rare genetic illness.

Page 7: Australia’s response to the global coronavirus outbreak was “on the money” but it was a wait-and-see for the airline industry on when it would ever recover from crippling suspensions, Virgin Australia board member Sir Angus Houston said yesterday.

Page 16: A rainbow-coloured bridge linking Perth Children’s Hospital to Kings Park is about to brighten up the lives of sick kids and their families.

Page 18: One in six Australians is unable to pay household bills on time and some are even going without meals just to get by, findings reveal.

Business: Woodside Petroleum’s former ownership of the abandoned Northern Endeavour oil production ship does not obligate the energy group to help pay for the clean-up, chief executive Peter Coleman says.

Bayer’s first US trial over the dicamba herbicide has resulted in a $US265 million ($394.5 million) damages award to a farmer who blamed the company and its competitor BASF for destroying his peach orchards.

Morawa Shire President Karen Chappel, pictured, said 17 WA councils which missed out on the funding had joined forces to ask the WA Local Government Association to advocate on its behalf.

Many aspiring first-homebuyers are prepared to delay having a family just to get a foot on the property ladder, new results show.

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