04/06/2020 - 06:52

Morning Headlines

04/06/2020 - 06:52

Bookmark

Save articles for future reference.

Success against virus boosts rare earths Australia’s success in combating COVID-19 has helped rare earths hopeful Hastings secure a crucial supply agreement in Germany, as Berlin seeks to diversify its supply chains away from China. The Fin Industry says federal decision an ‘insult’

Success against virus boosts rare earths

Australia’s success in combating COVID-19 has helped rare earths hopeful Hastings secure a crucial supply agreement in Germany, as Berlin seeks to diversify its supply chains away from China. The Fin

Industry says federal decision an ‘insult’

WA farmers and a major live exporter say the Federal Government’s refusal to grant an application to ship sheep to the Middle East is “insulting” to the customer and puts Australia at risk of losing its biggest trading partner for the stock. The West

Virus recession we had to have

Treasurer Josh Frydenberg declared Australia was in recession after an almost 29-year run of economic growth ended yesterday with a March quarter contraction, but he is optimistic that a further lifting of COVID-19 restrictions, growing consumer confidence and steady government stimulus will hasten the pace of recovery. The Fin

Interactive map reveals cross-border getaways

Tourism Australia has released a ‘‘one stop shop’’ interactive national map before the July school break to make it easier to monitor the situation on state borders. The Fin

Australia likely to resist global travel-bubble deals

Travellers hoping to resume international flights face multiple COVID-19 tests, restricted movement and copious forms as countries struggle to balance health risks with the need to get their economies moving again. The Fin

Full steam ahead: Austal call to help exports

David Singleton, the outgoing chief executive of shipbuilder Austal, has called on the federal government to broaden and deepen Export Finance Australia, saying the agency has the power to turbocharge local manufacturing and be a “real weapon in the export war”. The Aus

CIMIC cash flow fears return as bonuses disappear

CIMIC, Australia’s biggest construction group, laid off dozens of workers at its Thiess mining services division and halted staff bonuses, heightening concerns that its cash flow is being squeezed as it tries to complete several multi-billion dollar projects. The Fin

Rio’s blast focuses on miner risk

Explosions that damaged a 40,000-year-old Aboriginal heritage site at a Rio Tinto iron ore mine in the Pilbara are focusing investor concern on the growing reputational risk companies face from social issues, widening the advocacy battlefront beyond climate change and governance. The West

Super splurge as Aussies siphon savings

More Queenslanders than Victorians have accessed their superannuation early under one of the Morrison government’s key coronavirus support measures, and West Australians are withdrawing the largest amounts. The Aus

Pandemic a sure-fire boom for Zoom

Zoom is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic. The West

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg declared Australia was in recession after an almost 29-year run of economic growth ended yesterday with a March quarter contraction, but he is optimistic that a further lifting of COVID-19 restrictions, growing consumer confidence and steady government stimulus will hasten the pace of recovery.

Page 2: Australia’s success in combating COVID-19 has helped rare earths hopeful Hastings secure a crucial supply agreement in Germany, as Berlin seeks to diversify its supply chains away from China.

Page 3: The bitter rivalry between industry and retail superannuation funds has been rekindled after both camps put forward competing models for infrastructure financing to help lead the economy out of recession.

Page 4: Business investment in the non-mining sector was going backwards in the March quarter before the strictest coronavirus containment measures hit the economy, exposing the challenge facing the government’s plan for a ‘‘business-led’’ recovery.

Page 6: Treasury has warned unions and employers that jobs could take up to seven years to recover from the coronavirus crisis, giving a ‘‘sobering’’ urgency to workplace reform talks, sources say.

Page 8: Tourism Australia has released a ‘‘one stop shop’’ interactive national map before the July school break to make it easier to monitor the situation on state borders.

Page 9: Travellers hoping to resume international flights face multiple COVID-19 tests, restricted movement and copious forms as countries struggle to balance health risks with the need to get their economies moving again.

Page 11: Facebook chief executive Mark Zuckerberg isn’t budging over his refusal to take action on inflammatory posts by President Donald Trump that spread misinformation about voting by mail and, many said, encouraged violence against protesters.

Page 13: Unions are bracing for as many as 2000 jobs to be cut at Virgin Australia after meeting with bidders in the past fortnight.

CIMIC, Australia’s biggest construction group, laid off dozens of workers at its Thiess mining services division and halted staff bonuses, heightening concerns that its cash flow is being squeezed as it tries to complete several multi-billion dollar projects.

Page 15: The Kerry Stokes-controlled Seven Group believes Boral’s US operations are a big drag on returns and will push for the business to be sold off to return the company sore focus to Australia.

Page 17: There is mounting evidence that beleaguered Brazilian iron ore giant Vale will battle to achieve guidance as Australia’s biggest producers reap the rewards of a price rally.

 

 

The Australian

Page 1: A $15bn boost to economic activity will be delivered under the $688m HomeBuilder stimulus package, propping up more than one million jobs in the construction sector and handing Australians $25,000 cash grants to build new homes or renovate existing properties.

Page 2: For the first time in seven months, fish caught in the Swan River — including in the heart of the city that 2.1 million West Australians call home — are deemed to be safe to eat.

Page 3: A controversial Turnbull government pledge to give United Nations inspectors unrestricted access to prisons and places of detention has sparked a revolt from state and territory governments, who are refusing to implement the proposal and slammed it as an exercise to secure a seat on the UN’s Human Rights Council.

Page 5: More Queenslanders than Victorians have accessed their superannuation early under one of the Morrison government’s key coronavirus support measures, and West Australians are withdrawing the largest amounts.

Page 13: David Singleton, the outgoing chief executive of shipbuilder Austal, has called on the federal government to broaden and deepen Export Finance Australia, saying the agency has the power to turbocharge local manufacturing and be a “real weapon in the export war”.

Page 16: The final two bidders for Virgin AustraliaBain Capital and New York hedge fund Cyrus Capital Partners — have been given an extra 10 days to make their final bids for the airline.

 

 

The West Australian

Page 4: One of Perth’s top public schools has warned Year 12 students they should not count on getting a university place on the basis of their Year 11 results under new COVID-19 entry methods.

Page 5: The Kimberley is expected to open to travellers across WA tomorrow when a Biosecurity Act covering the entire region is lifted.

Page 7: Former WA mental health commissioner and under treasurer Tim Marney will head up the Federal Government’s industrial relations working groups set up to tackle longstanding industrial relations problems and grow jobs post-pandemic.

Page 10: Racing and Wagering WA chief executive Richard Burt has quit his $770,000 job to go and run the business interests of one of RWWA’s board directors.

Business: WA farmers and a major live exporter say the Federal Government’s refusal to grant an application to ship sheep to the Middle East is “insulting” to the customer and puts Australia at risk of losing its biggest trading partner for the stock.

Zoom is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic.

Explosions that damaged a 40,000-year-old Aboriginal heritage site at a Rio Tinto iron ore mine in the Pilbara are focusing investor concern on the growing reputational risk companies face from social issues, widening the advocacy battlefront beyond climate change and governance.

Perseus Mining will expand its footprint in West Africa after flagging a $60 million friendly scrip takeover of Exore Resources.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options