30/06/2020 - 06:46

Morning Headlines

30/06/2020 - 06:46

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Morning Headlines

Woolworths’ B2B plans give suppliers indigestion

Woolworths’ plan to build a $1 billion B2B business supplying the education, childcare, healthcare, disability and government sectors has triggered alarm among food and grocery suppliers. The Fin

Rail win to create 400 jobs

Engineering contractor John Holland is recruiting for 400 new positions at its WA projects on the back of a strong business performance during the coronavirus pandemic. The West

Huawei seeks more access to Aussie unis

Chinese tech giant Huawei is pushing for greater access to universities and security agencies under the government’s 2020 Cyber Security Strategy, amid calls from the higher education sector for increased access to cyber intelligence and the protection of global research partnerships. The Aus

Spy boost to fight cyber wars

An extra 500 cyber spies will be recruited as part of a $1.35 billion boost to protect the nation’s sensitive computer networks and data from an unrelenting wave of cyber attacks which China is suspected of orchestrating. The Fin

Cannon-Brookes backs million-job plan for ‘renewables superpower’

Atlassian boss Mike Cannon-Brookes has thrown his support behind plans to create 1 million green-friendly new jobs to spur Australia’s COVID-19 recovery and make the nation a ‘‘renewable energy superpower’’. The Fin

Seafolly becomes latest victim of retail slump

Australian bikini brand Seafolly is the latest retailer to collapse into administration — citing the crippling financial toll caused by COVID-19. The West

‘Housing crisis’ as subsidies near end

The end of emergency fiscal support in October could spark a “housing crisis”, as new data reveals the pandemic has left one in seven Australians unable to pay their mortgage or rent on time. The Aus

Panic buying the ‘new normal’

Panic buying of toilet paper and pasta could occur multiple times again over the next year as fresh waves of the coronavirus pandemic trigger more grocery hoarding, Macquarie Wealth Management has warned. The Aus

Fed MPs now join GF switch

Federal Government ministers and AFL fans Christian Porter and Mathias Cormann have thrown their support behind holding the AFL grand final in Perth in a rare unity ticket between West Coast and Fremantle Dockers supporters. The West

South32 boss leaves helm

South32’s chief operating officer Paul Harvey is parting ways with the diversified miner. The West

 

 

The Australian Financial Review

Page 1: An extra 500 cyber spies will be recruited as part of a $1.35 billion boost to protect the nation’s sensitive computer networks and data from an unrelenting wave of cyber attacks which China is suspected of orchestrating.

Page 3: The Fair Work Commission has questioned the retail union’s linking of penalty rate cuts to minimum wage increases, casting doubt over its push to delay the cuts set to take effect this weekend.

ABC budget cuts look set to undermine the national broadcaster’s implementation of a dedicated arts and culture strategy, with specialist reporters and editors facing redundancy.

Atlassian boss Mike Cannon-Brookes has thrown his support behind plans to create 1 million green-friendly new jobs to spur Australia’s COVID-19 recovery and make the nation a ‘‘renewable energy superpower’’.

Page 5: Victoria’s COVID-19 infection reproduction rate appears to be falling but not enough to stop the infection from continuing to spread, officials warn.

Page 6: The emergency doubling of the JobSeeker unemployment benefit has acted as a disincentive to people seeking low-paid work or extra shifts and, therefore, must be pared back, Scott Morrison has said.

Page 8: Prime Minister Scott Morrison won’t rule out considering a future increase in the 10 per cent goods and services tax on the eve of the 20th anniversary of the Howard government’s introduction of the consumption tax.

Page 10: The Brett Cattle Company has been awarded almost $3 million after the Federal Court found Labor agriculture minister Joe Ludwig acted unlawfully when he banned live cattle exports to Indonesia in 2011.

Page 13: Virgin Australia could slash up to half of its workforce to rebuild its crisis-hit operations, a former chief economist of Qantas said, as Regional Express tries to muscle into the lucrative ‘‘golden triangle’’ routes between Sydney, Melbourne and Brisbane.

Page 14: The race to be the next listed gold producer is shaping as a showdown between Perth neighbours Capricorn Metals and Ora Banda Mining.

Page 15: Woolworths’ plan to build a $1 billion B2B business supplying the education, childcare, healthcare, disability and government sectors has triggered alarm among food and grocery suppliers.

Page 16: Ampol, formerly Caltex, has confirmed Matt Halliday as chief executive to guide Australia’s biggest fuel supplier through testing times as it readies for a significant asset sell-off and weighs the viability of its lone refinery amid a slump in demand due to COVID-19.

The Mongolian government has agreed to fund and build a state-owned power plant to feed Rio Tinto’s Oyu Tolgoi copper mine in a move that could slash the project’s expansion costs by almost $US1 billion ($1.46 billion).

 

 

The Australian

Page 1: Business owners across the nation are struggling to recruit staff despite surging unemployment, as calls grow for generous COVID-19 assistance measures to be rolled back amid fears people are being deterred from finding work.

Page 3: Chinese tech giant Huawei is pushing for greater access to universities and security agencies under the government’s 2020 Cyber Security Strategy, amid calls from the higher education sector for increased access to cyber intelligence and the protection of global research partnerships.

Page 4: The end of emergency fiscal support in October could spark a “housing crisis”, as new data reveals the pandemic has left one in seven Australians unable to pay their mortgage or rent on time.

Page 5: A push to transfer all nursing home residents who contract COVID-19 straight to hospital is being stymied by a standoff between state bureaucracies.

Page 13: Australia’s sharemarket is heading for its worst financial year in over a decade as the coronavirus pandemic casts a long shadow over the outlook for economic growth and corporate earnings.

Page 15: Panic buying of toilet paper and pasta could occur multiple times again over the next year as fresh waves of the coronavirus pandemic trigger more grocery hoarding, Macquarie Wealth Management has warned.

Page 17: National Australia Bank has recruited a senior Canadian banker, Andrew Irvine, to become head of the nation’s largest business bank.

The Australian Securities & Investments Commission is pressing for the appointment of a provisional liquidator to key subsidiaries of the Mayfair 101 empire.

 

 

The West Australian

Page 3: More meth is consumed in regional Western Australia than any other country area of Australia, a damning study reveals.

The future of Australian Associated Press is assured with the signing of a deal to sell to new owners who say they are driven by a desire to retain Australian media diversity.

Page 4: Federal Government ministers and AFL fans Christian Porter and Mathias Cormann have thrown their support behind holding the AFL grand final in Perth in a rare unity ticket between West Coast and Fremantle Dockers supporters.

Only a quarter of Australians intend to go overseas once COVID-19 restrictions lift, while two-thirds plan on travelling domestically in the next six months.

Tweets that spread misinformation or false claims about vaccines are being called out, thanks to a new Australian-made technology.

Page 8: A royal commission into Robodebt would examine the need to put people back into human services rather than having debts calculated by computers, according to Labor leader Anthony Albanese.

Page 14: Australian bikini brand Seafolly is the latest retailer to collapse into administration — citing the crippling financial toll caused by COVID-19.

Business: WesTrac is gearing up to accept the first trainees at its training facility in WA’s South West, which specialises in autonomous operations.

Virgin Australia’s new owners have been warned against divesting the WA-based fly-in, fly-out division of the airline, as the company is re-positioned after its sale to Bain Capital.

Engineering contractor John Holland is recruiting for 400 new positions at its WA projects on the back of a strong business performance during the coronavirus pandemic.

Employers are being warned against axing mature-aged workers as businesses consider downsizing their workforces after COVID-19 disruptions.

South32’s chief operating officer Paul Harvey is parting ways with the diversified miner.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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