06/07/2020 - 06:46

Morning Headlines

06/07/2020 - 06:46

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Morning Headlines

WA mining boss’ eye on Senate

WA Chamber of Minerals and Energy boss Paul Everingham says he is considering putting his hand up to fill the Senate vacancy that will be created by Mathias Cormann’s exit from politics. The West

Alcoa faces Premier’s wrath over Adbri snub

The West Australian government is urging US aluminium giant Alcoa to reverse its decision to snub a local lime supplier in favour of imports. The Fin

Airfare boost for struggling industry

Qantas has slashed airfares to regional destinations including Broome, Exmouth and Geraldton in a massive boost for tourism operators clamouring for visitors to experience the north of the State at the best time of year. The West

Border virus risk laid bare

Opening WA’s borders would increase the likelihood of COVID being reintroduced into the State by 10 per cent, WA’s Chief Health Officer has told the Federal Court. The West

Bubble ‘a $3.6bn boost to economy’

A travel bubble between Australia and New Zealand, which has been delayed by the Melbourne coronavirus outbreak, would pump $3.6bn into the economy and restore 24,000 full-time jobs, according to new modelling. The Aus

Write-downs inflict a big loss on Ten

Network Ten lost $227 million in 2019 after big write-downs on its television licences, onerous programming contracts and rights, and heavy investments in its prime-time schedule and its advertising sales department. The Fin

Melbourne CBD lockdown plan

Melbourne is preparing for a wider lockdown as Victoria’s outbreak reaches the city’s northern edge and the CBD risks joining 12 postcodes in a move which would hit 37,000 residents and 16,000 businesses, as well as key parts of corporate Australia until later this year. The Fin

$190m fund to boost recycling in Australia

A $190 million Recycling Modernisation Fund will be launched with the aim of generating $600 million of recycling investment and underpinning a billion-dollar transformation of Australia’s waste and recycling capacity. The Fin

Bolton issues Huawei warning

John Bolton has warned that China’s ability to spy through Huawei’s 5G network is as dangerous for businesses and individual citizens as it is for governments. The Fin

Valuations on a high as results loom

Profit reporting season gets under way in the US and Australia this month amid elevated uncertainty, after the steepest economic downturn in decades and a second wave of coronavirus. The Aus

 

 

The Australian Financial Review

Page 1: Melbourne is preparing for a wider lockdown as Victoria’s outbreak reaches the city’s northern edge and the CBD risks joining 12 postcodes in a move which would hit 37,000 residents and 16,000 businesses, as well as key parts of corporate Australia until later this year.

Page 4: Health authorities are rushing to test all 3000 residents in nine public housing towers that were locked down over the weekend in Melbourne, amid fears among heath officials that hundreds of tenants could be infected.

Page 6: Mathias Cormann has confirmed he will step down as Finance Minister and leave politics at the end of the year, sparking speculation over who will replace him in the pre-Christmas reshuffle.

Page 7: Further increases in the superannuation guarantee may not be a ‘‘smart play’’ if the government wants more money flowing to the economy, Deloitte Access Economics partner Chris Richardson says.

Page 8: A $190 million Recycling Modernisation Fund will be launched with the aim of generating $600 million of recycling investment and underpinning a billion-dollar transformation of Australia’s waste and recycling capacity.

Page 10: John Bolton has warned that China’s ability to spy through Huawei’s 5G network is as dangerous for businesses and individual citizens as it is for governments.

Page 13: Network Ten lost $227 million in 2019 after big write-downs on its television licences, onerous programming contracts and rights, and heavy investments in its prime-time schedule and its advertising sales department.

Page 14: Grant Samuel’s advisers are back in at Seven West Media helping with the debt reduction plan, this time readying the company’s venture investments portfolio for sale.

Page 15: Maurice Blackburn Lawyers will push ahead with a lawsuit seeking damages from the Commonwealth Bank for allegedly delaying the transfer of $3.2 billion in customer balances to lower-fee products.

The West Australian government is urging US aluminium giant Alcoa to reverse its decision to snub a local lime supplier in favour of imports.

 

 

The Australian

Page 4: A travel bubble between Australia and New Zealand, which has been delayed by the Melbourne coronavirus outbreak, would pump $3.6bn into the economy and restore 24,000 full-time jobs, according to new modelling.

Page 7: A push to save Australia’s long-serving Antarctic icebreaker and turn it into the nation’s first Antarctic exploration museum appears to have failed, with the Morrison government rejecting a plea for last-minute intervention.

Page 8: Two US aircraft carriers have carried out drills in one of Asia’s hottest spots to deliver a pointed message to China that it doesn’t appreciate Beijing’s military ramp-up in the region.

Page 13: Profit reporting season gets under way in the US and Australia this month amid elevated uncertainty, after the steepest economic downturn in decades and a second wave of coronavirus.

Page 14: More than 5500 applicants for the federal government’s First Home Loan Deposit Scheme are already in their new homes, Nathan Dal Bon, chief executive of the National Housing Finance and Investment Corporation, says.

Page 15: The university sector is going to be key to reviving Australia’s economy and dragging it out of recession, according to RMIT University chancellor and telco industry veteran Ziggy Switkowski, who said Australia’s tertiary institutions could give the economy a competitive edge, if they focus on delivering the right skills and training.

Page 19: Alan Jones is raring to go on his new nightly Sky News show, vowing to shine a spotlight on the major issues affecting Australians, including the repeated “attack on Western values”.

 

 

The West Australian

Page 3: Qantas has slashed airfares to regional destinations including Broome, Exmouth and Geraldton in a massive boost for tourism operators clamouring for visitors to experience the north of the State at the best time of year.

Page 8: WA Chamber of Minerals and Energy boss Paul Everingham says he is considering putting his hand up to fill the Senate vacancy that will be created by Mathias Cormann’s exit from politics.

Defence Minister Linda Reynolds has singled out WA as critical to the nation’s security in the new world order post-coronavirus.

A call has been made for Job-Keeper to remain available to the childcare sector a week out from the payment being turned off.

Page 9: Opening WA’s borders would increase the likelihood of COVID being reintroduced into the State by 10 per cent, WA’s Chief Health Officer has told the Federal Court.

Page 11: A Perth council has told the West Coast Eagles it will need to submit a development application to hold future AFLW games or pre-season AFL matches at its Lathlain home ground.

Page 15: Social media influencers will now have to adhere to a new code of practice to work with major brands and media agencies in the $84 billion global industry.

Business: Community sport across WA has come roaring back to life after the easing of COVID-19 restrictions.

Homegrown cyber security software that could have stopped the 2016 attack on the Australian Census website is expected to hit the WA market within months.

Interest rates will be “nailed to the floor” for years to come in the wake of the coronavirus crisis but already slow wage gains are set to fade further, according to leading economic forecasters.

The Forrest family’s private investment arm Tattarang has announced a majority investment in an Australian fintech company that delivers instant payments without the need for a credit card.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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