19/06/2020 - 06:48

Morning Headlines

19/06/2020 - 06:48

Bookmark

Save articles for future reference.
Morning Headlines

Radical shake-up for uni fees

Humanities students will face a massive fee hike while those studying maths, teaching and nursing will have course costs slashed under a comprehensive university funding shake-up to be announced by the Morrison government on Friday. The Aus

Unemployment rockets with WA the worst hit

The number of unemployed West Australians has swelled to more than 112,000 — by far the highest figure in the State’s history — with women and young people bearing the brunt of the economic devastation caused by coronavirus. The West

Secret tape reveals mint CEO knew of corruption advice

The chief executive of the Perth Mint, Richard Hayes, said lawyers were ‘‘gung-ho’’ and in favour of calling in the state’s corruption watchdog, according to a secret recording that contradicts a statement the refiner issued just a day earlier. The Fin

Unions reject PM’s work rule fix for job carnage

The Morrison government wants emergency industrial relations measures extended beyond September and further flexibility from unions to prevent the jobless rate rising further, after it hit a 19-year high in May in the wake of the coronavirus shutdown. The Fin

Banks plan bigger payouts to end fee scandal

Billions of dollars could be paid as an industry settlement to long-suffering victims of the systemic fees for no service scandals under proposals floated by the banking industry to fast track remediation. The Fin

Senate chaos delays super reform

The introduction of new rules giving workers on enterprise agreements the right to pick their own superannuation fund has been delayed after crossbench senators sought revenge for a rule change they said was designed to silence criticism. The Fin

Foxtel dumps FFA in hunt for cheaper deal

Foxtel has walked away from its broadcast deal with Football Federation Australia but could lock in a new, cheaper agreement with the sporting body for the COVID-19-hit 2020 A-League season as early as today. The Fin

Lifeline for collapsed miner

An operational turnaround and a surging gold price could see failed miner Gascoyne Resources rejoin the ASX and unsecured creditors potentially receiving what they are owed. The West

Bain vows to retain Scurrah, invest in IT

Bain Capital has committed to retaining Paul Scurrah as the chief executive of Virgin Australia, will make a major investment in the technology backbone of the airline to upgrade the experience of customers and continue to service parts of the corporate market if it wins control of the collapsed carrier. The Aus

Perth success with COVID-19

Shares in Perth-based Pharm-Aust have jumped after the medical research company said its treatment reduced the infectious level of COVID-19 cells. The West

 

 

The Australian Financial Review

Page 1: Billions of dollars could be paid as an industry settlement to long-suffering victims of the systemic fees for no service scandals under proposals floated by the banking industry to fast track remediation.

The Morrison government wants emergency industrial relations measures extended beyond September and further flexibility from unions to prevent the jobless rate rising further, after it hit a 19-year high in May in the wake of the coronavirus shutdown.

Page 3: The chief executive of the Perth Mint, Richard Hayes, said lawyers were ‘‘gung-ho’’ and in favour of calling in the state’s corruption watchdog, according to a secret recording that contradicts a statement the refiner issued just a day earlier.

BHP minerals Australia president Edgar Basto says the company has an agreement that was 15 years in the making with traditional owners on developing the nation’s biggest mining project.

GetSwift’s former chief information officer said other directors criticised her for questioning the basis of ASX announcements and accused her of slowing down how fast the company could announce customer deals.

Page 4: The introduction of new rules giving workers on enterprise agreements the right to pick their own superannuation fund has been delayed after crossbench senators sought revenge for a rule change they said was designed to silence criticism.

The virus crisis has wiped out the already modest retirement savings of many young women, says HESTA chief executive Debby Blakey, who wants Australia to copy Chile’s solution to the gender pension gap, which involves giving mothers vouchers to make up for time out of the workforce.

Page 5: Farmers have blasted claims by the Coalition government that China’s punitive tariffs on barley exports will only cost them about $330 million a year.

Page 6: Foxtel has walked away from its broadcast deal with Football Federation Australia but could lock in a new, cheaper agreement with the sporting body for the COVID-19-hit 2020 A-League season as early as today.

Page 8: Australia’s unemployment rate jumped to 7.1 per cent in May – its highest since October 2001 – but it would have been 11.3 per cent if everyone who lost their job was now out looking for work.

Page 9: The Fair Work Commission has held that employers have the right to increase the hours of casual and part-time staff on JobKeeper in a decision that dispels the assumption workers can receive the $1500 wage subsidy for no work.

Page 11: Spending on restaurants, cafes and drinks remains well below pre-pandemic levels, despite much of the country easing restrictions on venues.

Page 14: Donald Trump asked China’s President Xi Jinping, at a dinner summit meeting last year, to help him win the 2020 US election, according to an explosive book excerpt by former national security adviser John Bolton.

Page 15: The Trump administration is looking at a ground-breaking digital economy trade deal with Australia that would supercharge the 21st century’s main growth engine while bolstering co-operation to compete with China’s more insular system.

Page 17: Chevron will seek to sell out of Australia’s largest and longest-running liquefied natural gas venture, heralding the biggest overhaul in the Western Australian petroleum industry for decades and removing a significant obstacle in the way of Woodside Petroleum’s gas growth ambitions.

Page 19: A radical consolidation of Australia’s shrunken oil refining sector may be on the cards as a result of the federal government’s review of the ailing industry as Canberra goes all out to preserve critical domestic manufacturing in the wake of the COVID-19 pandemic.

Page 20: Shares in ASX-listed buy now, pay later fintech Splitit have surged after it announced a partnership with global payments giant Mastercard, in a deal it said would let more retailers offer its services around the world.

Page 23: Governments have a unique opportunity to ensure 2019 was the peak in global greenhouse gas emissions while also spurring economic growth, according to the International Energy Agency, which has released a $US3 trillion ($4.4 trillion) blueprint for a sustainable energy recovery from the COVID-19 pandemic.

 

 

The Australian

Page 1: Humanities students will face a massive fee hike while those studying maths, teaching and nursing will have course costs slashed under a comprehensive university funding shake-up to be announced by the Morrison government on Friday.

Senior Morrison government ministers are privately furious with administrators trying to salvage Virgin Australia, amid claims the process has been botched and concerns that regional routes and jobs could be slashed by the two US hedge funds vying for the airline.

Page 5: A designer drug has been found in computer modelling studies to stop the coronavirus replicating.

Page 6: Young Australians are bucking a downward spiral in private healthcare by turning to not-for-profit or member-owned funds.

Page 13: Bain Capital has committed to retaining Paul Scurrah as the chief executive of Virgin Australia, will make a major investment in the technology backbone of the airline to upgrade the experience of customers and continue to service parts of the corporate market if it wins control of the collapsed carrier.

Page 14: Chevron may soon launch a process to find an adviser to sell its 16.6 per cent stake in the North West Shelf LNG plant in Western Australia which could yield the US giant more than $US4bn ($5.8bn).

Page 16: Residential construction has been found to have the second highest economic multiplier effect on the Australian economy, backing claims from major developers that the industry will be crucial in stoking an economic recovery.

 

 

The West Australian

Page 3: A government-owned company set up to deliver healthy food in remote Aboriginal communities says it has reduced the price of its orange juice and is looking into what new drinks it can stock after an investigation of remote food prices by The West Australian showed they were charging double the price of Perth stores.

Page 7: Perth researchers believe they have discovered a way to develop the first definitive test for asthma in young children.

Page 8: The number of unemployed West Australians has swelled to more than 112,000 — by far the highest figure in the State’s history — with women and young people bearing the brunt of the economic devastation caused by coronavirus.

Page 9: Premier Mark McGowan has pointed to Victoria’s spike in coronavirus cases as he defended his refusal to say when WA’s borders will reopen.

Page 11: WA Treasurer Ben Wyatt has sympathised with Ernie Dingo, revealing he still cops racist and “abusive” emails and social media messages, despite being one of the State’s most important leaders.

Business: Shares in Perth-based Pharm-Aust have jumped after the medical research company said its treatment reduced the infectious level of COVID-19 cells.

New Zealand entered recession for the first time in almost a decade as the coronavirus pandemic began to bite in the first quarter.

An operational turnaround and a surging gold price could see failed miner Gascoyne Resources rejoin the ASX and unsecured creditors potentially receiving what they are owed.

A decision on whether the operators of a Pilbara cattle station will be charged with animal cruelty should be known in August, after COVID-19 delayed action from the State Solicitor.

A report by Bankwest Curtin Economics Centre and the Workplace Gender Equality Agency, released today, has proved that increasing the number of women on boards and as key decision-makers, led to a higher company performance across a range of measures.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options