10/07/2020 - 06:36

Morning Headlines

10/07/2020 - 06:36

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Morning Headlines

China’s fury at HK haven

China has blasted Scott Morrison’s offer of a pathway to permanent residency in Australia for more than 12,000 Hongkongers and suspension of an extradition treaty as deplorable, with the government privately bracing for a trade backlash as punishment. The Fin

Palmer challenge delayed

Clive Palmer’s challenge to Western Australia’s closed border has been delayed in the Federal Court, in part because an expert witness is busy dealing with the coronavirus crisis in Victoria. The Aus

Morrison: Stay course on reopening economy

Scott Morrison will urge state and territory leaders to stay the course in reopening the economy, using today’s meeting of the national cabinet to push for a return to trade despite Melbourne’s growing COVID-19 outbreak. The Fin

Shift cuts brew for pub staff

WA’s hospitality sector is bracing for mass lay-offs and a drastic reduction in hours for remaining workers if JobKeeper is discontinued in September. The West

WA a big draw for HK talent

A leading workforce immigration adviser says WA’s success in containing COVID-19 coupled with the State being in the same time zone as the wider Asian market makes Perth a top contender for attracting talent from Hong Kong. The West

Grand final or Afghan cricket

Optus Stadium’s chance of hosting this year’s AFL grand final in front of 60,000 fans is under threat from a planned Test match between Australia and cricket minnows Afghanistan. The West

TWE still keen on US despite profit plunge

Treasury Wine Estates’ new chief executive, Tim Ford, has pitched the US as a growth engine amid market questions about problems bedevilling the region. The Fin

NBN poised to sack 800 employees, dissolve business unit

NBN Co will dismiss 800 staff by the end of the year, in a major restructure that puts the government-owned corporation on a collision course with the unions representing telecoms workers. The Fin

Hopes low for high-rise

High-rise opponents have support in their battle against a $320 million development on Stirling Highway after independent officers at Nedlands council yesterday recommended the plans be refused, in a report to planning authorities. The West

Carbon-neutral Telstra urges others to follow

Telstra chief executive Andrew Penn says his telco is now carbon neutral in all of its operations, well ahead of schedule. The Aus

 

 

The Australian Financial Review

Page 1: China has blasted Scott Morrison’s offer of a pathway to permanent residency in Australia for more than 12,000 Hongkongers and suspension of an extradition treaty as deplorable, with the government privately bracing for a trade backlash as punishment.

Industry super funds Cbus and Media Super have gone public with their intention to merge and form a new superannuation player with more than 800,000 members and $60 billion in assets under management.

Page 3: Scott Morrison will urge state and territory leaders to stay the course in reopening the economy, using today’s meeting of the national cabinet to push for a return to trade despite Melbourne’s growing COVID-19 outbreak.

Page 9: While the Morrison government’s moratorium on insolvent trading laws has meant few administrations during the COVID-19 crisis, CreditWatch’s latest data shows late payments have surged to an average of 49 days in June 2020, up from 11 days in June last year.

Social media nous and major national advertising campaigns are key to restarting Australia’s more than $12.4 billion tourism trade with China, according to a new report.

Page 15: Treasury Wine Estates’ new chief executive, Tim Ford, has pitched the US as a growth engine amid market questions about problems bedevilling the region.

Page 17: NBN Co will dismiss 800 staff by the end of the year, in a major restructure that puts the government-owned corporation on a collision course with the unions representing telecoms workers.

Page 18: American Express is poised to compete in the competitive instalment sector with the imminent launch of its Plan It product in Australia.

 

 

The Australian

Page 4: Clive Palmer’s challenge to Western Australia’s closed border has been delayed in the Federal Court, in part because an expert witness is busy dealing with the coronavirus crisis in Victoria.

Page 6: Business groups have backed Scott Morrison’s push to entice Hong Kong companies into relocating to Australia, with hopes entrepreneurs will leave the Asian city to help build the nation’s depleted manufacturing sector.

Page 7: Australian companies are being urged to reconsider their use of China-owned social media app TikTok, as it faces a potential ban.

Page 13: Market darling Afterpay is tipped to become the next $100 stock as it spearheads a fintech boom on the ASX, with the nascent buy now, pay later sector surging to a market value more than $25bn.

Small domestic law firms are leading the charge for change in the legal industry, hiring twice as many women as men in the six months to June in a sector where just over 23 per cent of equity partners are female.

Page 16: The energy sector will only get an extra three months to prepare for the biggest overhaul of IT systems ever required, after the rulemaker for electricity and gas markets knocked back a request from the market operator to delay the move to five-minute settlements for a year.

Page 17: Telstra chief executive Andrew Penn says his telco is now carbon neutral in all of its operations, well ahead of schedule.

 

 

The West Australian

Page 1: Optus Stadium’s chance of hosting this year’s AFL grand final in front of 60,000 fans is under threat from a planned Test match between Australia and cricket minnows Afghanistan.

Page 7: The prospects of WA hosting a sold-out western derby are up in the air amid Victoria’s coronavirus outbreak, which the State Government says is front of mind when considering the planned move to Phase Five restrictions on July 18.

Page 10: High-rise opponents have support in their battle against a $320 million development on Stirling Highway after independent officers at Nedlands council yesterday recommended the plans be refused, in a report to planning authorities.

Page 14: WA house prices are set to tumble more than 10 per cent over the next 12 months as the COVID-19-fuelled combination of job losses, stalled population growth and lower interest rates take hold.

Page 17: J. K. Rowling, Margaret Atwood and Salman Rushdie are among high-profile figures to sign an open letter attacking cancel culture, warning of the threat to free speech in the modern day.

Business: A leading workforce immigration adviser says WA’s success in containing COVID-19 coupled with the State being in the same time zone as the wider Asian market makes Perth a top contender for attracting talent from Hong Kong.

Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change.

WA’s hospitality sector is bracing for mass lay-offs and a drastic reduction in hours for remaining workers if JobKeeper is discontinued in September.

The leadership of Claremont’s prestigious Christ Church Grammar School has been shaken up by a debate over plans for a new luxury nursing home on narrow streets in Nedlands.

Corporate Australia has emerged from the coronavirus pandemic “alert but not alarmed” and some of WA’s biggest listed companies are faring better than their Eastern States counterparts.

Milne Agrigroup will turn waste from its free-range poultry business into an annual profit in the region of $1 million by tapping into the lucrative Asian market for chicken feet.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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