21/05/2020 - 07:00

Morning Headlines

21/05/2020 - 07:00

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Morning Headlines

Gas not coal to shore up solar, wind

Domestic gas will play an increasing role over coal in backing up the growing renewable energy sector over the next decade. The Fin

Sunsuper hits Perth Airport departures, asks for big price

Industry fund Sunsuper has put its small stake in Perth Airport on the market, offering it to the airport’s other investors with one giant string attached. The Fin

Mayors, tourism bosses, health experts and political leaders push for unrestricted WA travel

There is a united call from across the State demanding the remaining regional borders dividing WA are torn down immediately. The West

Now we can pack into office lifts

Strict social distancing rules for lifts, which would have created havoc for office workers around the country, have been ditched after pressure from landlords and the property industry who argued they were unworkable and may stall the COVID-19 recovery. The Fin

WA barley growers have been ‘thrown under a bus’

A WA farm advocacy group says barley growers have been “thrown under a bus” in the trade war with China and will today flag an industry “pain sharing” proposal to soften the impact of an estimated $500 million loss to farm incomes. The West

Negative rates may 'crash' system

The nation’s banks are scrambling to prepare for the prospect of negative interest rates washing over the economy, despite recent assurances by the Reserve Bank that such a move is “unlikely”. The Aus

Online gambling spike vaporising early-access super

Superannuation savings taken out in the government’s early release program have been frittered away by punters on gambling sites and online wagering, sparking calls to clamp down on the wagering sector during the coronavirus pandemic. The Fin

Industry says gas pipeline never economical

Gas industry players and analysts poured cold water on the suggestion that a $6 billion west-east pipeline could ever be economical, with some arguing the idea of ‘‘cheap gas’’ to underpin a post-COVID-19 economic revival is unrealistic. The Fin

Virgin bidders look to reduce number of aircraft

At least three of the bidders in the competition for Virgin Australia are understood to be planning to bring the airline out of administration with a reduced fleet. The Aus

Time to go nuclear?

Small modular nuclear reactors could be built on mine sites or in regional towns as a way to provide reliable baseload zero emissions energy, according to the Federal Government’s technology investment roadmap. The West

 

 

The Australian Financial Review

Page 1: Domestic gas will play an increasing role over coal in backing up the growing renewable energy sector over the next decade.

Strict social distancing rules for lifts, which would have created havoc for office workers around the country, have been ditched after pressure from landlords and the property industry who argued they were unworkable and may stall the COVID-19 recovery.

Page 3: The federal government’s oversubscribed $130 billion JobKeeper scheme must be narrowed so businesses that quickly recover no longer qualify for taxpayer subsidies, and to fund an extension of the wage subsidies to the hardest-hit sectors, experts say.

Superannuation savings taken out in the government’s early release program have been frittered away by punters on gambling sites and online wagering, sparking calls to clamp down on the wagering sector during the coronavirus pandemic.

Page 5: On April 7 medical supplies loaded aboard a Qantas flight were temporarily held under the US Defence Production Act and were allowed to leave only after intervention from Australian diplomats.

Page 6: Kuwait is pleading with the Morrison government to waive the coming suspension of live animal exports to the Middle East, arguing that halting the sheep trade would compound damage the coronavirus has done to the region’s food security.

Page 8: Late June is emerging as crunch time for Digicel, the debt-laden telecommunications company that dominates the mobile phone market in Papua New Guinea and five other Pacific states.

Page 9: The Fair Work Commission has approved McDonald’s bid to temporarily cut part-time hours and overtime penalties in the fast-food award, but has limited their duration and introduced extra safeguards.

Page 13: The federal government has baulked at requests from Queensland to prop-up Virgin Australia with short-term funding, rejecting the state government’s pleas after a frantic 48 hours of negotiations as concerns about the airline’s immediate liquidity grow.

Gas industry players and analysts poured cold water on the suggestion that a $6 billion west-east pipeline could ever be economical, with some arguing the idea of ‘‘cheap gas’’ to underpin a post-COVID-19 economic revival is unrealistic.

Page 14: Industry fund Sunsuper has put its small stake in Perth Airport on the market, offering it to the airport’s other investors with one giant string attached.

Page 15: TPG Telecom and Vodafone Hutchison Australia have finally announced a date for the long-delayed $15 billion merger, revealing the two companies will start trading as one on June 29.

Page 16: AACo is diverting sales of some China beef exports after trade tensions squeezed the Australian cattle giant’s second-biggest market.

Page 17: Growth in the world’s renewable energy capacity has faltered due to COVID-19, with the number of new renewable plants installed worldwide set to fall this year for the first time in 20 years, according to the International Energy Agency, which is urging governments not to lose sight of the task of clean energy transition.

 

 

The Australian

Page 1: Australia is more strategically dependent on China across key sectors of the economy than any other Five Eyes nation, according to a new report by London think-tank, The Henry Jackson Society.

Page 2: Qantas is threatening to claw back overpayments to workers after the airline angrily rejected union claims that more than 900 current and former aircraft engineers had been underpaid between $41m and $55m in recent years.

Page 5: Retail spending suffered a historic collapse in April, plunging 18 per cent after the previous month’s spike in panic shopping gave way to sharp falls across the board.

Page 6: Brazil recorded its highest number of novel coronavirus deaths in a day as the virus surged in Latin America and US President Donald Trump considers imposing a ban on travel from Brazil.

Page 13: The nation’s banks are scrambling to prepare for the prospect of negative interest rates washing over the economy, despite recent assurances by the Reserve Bank that such a move is “unlikely”.

Page 14: At least three of the bidders in the competition for Virgin Australia are understood to be planning to bring the airline out of administration with a reduced fleet.

Page 22: The English Premier League’s plans to resume its season next month received a significant boost when 748 COVID-19 tests produced only six positives from three clubs.

 

 

The West Australian

Page 1: There is a united call from across the State demanding the remaining regional borders dividing WA are torn down immediately.

Page 6: One of WA’s most prominent property developers says claims by Cottesloe’s Liberal MP that there are “tens of thousands” of empty residences across the State are “misleading” and “hurt confidence”, as industry urged the Opposition to back the biggest overhaul of WA’s planning laws in decades.

Page 10: Small modular nuclear reactors could be built on mine sites or in regional towns as a way to provide reliable baseload zero emissions energy, according to the Federal Government’s technology investment roadmap.

The Federal Government will seek to inject an extra 10,000 base-level support workers into the disability and aged care sectors due to the extra pressures placed upon them as a result of COVID-19.

Page 16: Australians are to be taught that secretly checking a partner’s text messages, verbal put-downs and seizing control of household spending are all forms of abuse.

Business: A WA farm advocacy group says barley growers have been “thrown under a bus” in the trade war with China and will today flag an industry “pain sharing” proposal to soften the impact of an estimated $500 million loss to farm incomes.

The head of Australia’s peak wine group Tony Battaglene says an escalation of Australia’s trade war with China could lead to tighter controls around wine imports.

One in four small-to-medium-sized Australian businesses are living on borrowed time and could be forced to shut their doors in the next two months.

Employment levels in Perth’s CBD will not return to pre-COVID levels until early 2024, according to a report forecasting the nation’s job recovery path.

Wesfarmers has ranked poorly in a new retail analysis which tips shorter leases, turnover-based rent and as many as 7000 store closures after COVID-19.

New data has revealed the true cost of the COVID-19 pandemic to businesses, with millions of dollars in refunds given to West Australians.

Perth rich-lister and mining investor Kerry Harmanis has emerged on the share register of Brazilian nickel play Centaurus Metals.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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