15/07/2020 - 06:56

Morning Headlines

15/07/2020 - 06:56

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Morning Headlines

Fracking plans to test political waters

A cashed-up American oil and gas company has formally lodged plans to start drilling and fracking in Western Australia’s Kimberley, putting it on a collision course with activists who have fought previous efforts to tap the region’s gas potential. The Aus

Shell takes a punt on Perth-based company

Royal Dutch Shell, the world’s biggest liquefied natural gas merchant, is making a bet on the trade’s digital future by taking a minority investment in Perth-based online platform developer GLX Digital. The West

Jobs recovering sooner than expected

The jobs market recovery is stronger than first expected, with official data showing 35 per cent of jobs lost during COVID-19 had already been regained by June 27. The Fin

Business chiefs seek national virus code

Business leaders called on states to develop nationally consistent standards for handling local outbreaks of COVID-19 and to enforce restrictions so everyone ‘‘knows the rules’’, warning Australia will be living with the virus for a long time. The Fin

JobKeeper’s hidden price

Many owners of small and family businesses in WA will have their houses on the line at the end of JobKeeper, according to industry leaders who are pushing for extra financial support from governments and banks. The West

Kerry Stokes’ Seven Group lifts Boral stake to 16.3 per cent

Billionaire Kerry Stokes’ Seven Group lifted its stake in the ailing building products group Boral to 16.3 per cent in a renewed bout of share buying over the past few days. The Fin

Small business defence grants body under fire from Labor

A government agency designed to connect small and medium businesses with the defence industry is spending virtually the same amount on its administration as it does on offering grants to firms. The Fin

Rift no barrier to China iron ore demand

China’s iron ore imports surged 35.3 per cent last month as the world’s second-largest economy showed further signs of defying the economic fallout from the pandemic while maintaining strong demand for Australian commodities despite rising political tensions. The Fin

Calls for Optus Stadium to host whole series not just decider

The AFL should consider hosting not just the grand final but the entire finals series in Perth. The West

Events industry calls for $12M help

WA’s peak body for events is calling on the State Government to provide $12 million for hardship grants to businesses demonstrating “extreme” distress and $500,000 for COVID safety plans to help revive the embattled industry. The West

Profits of buy now pay later set to stall

The profitability of buy now pay later companies will hinge on Federal Government regulatory guidelines, as analysts warn investor support for operators may have “outpaced the growth outlook” for the industry. The West

 

 

The Australian Financial Review

Page 1: The first economic tremors of Victoria’s virus outbreak have been felt as new bank data shows a 3 per cent slide in spending while new border restrictions imposed from other states undermine what was shaping as a sharp economic recovery.

Page 2: A government agency designed to connect small and medium businesses with the defence industry is spending virtually the same amount on its administration as it does on offering grants to firms.

Page 3: Australia is set to face renewed pressure to step up freedom of navigation patrols and intelligence sharing in the South China Sea after the Trump administration declared most of Beijing’s territorial claims were illegal.

Page 5: NSW is racing to contain a potential new hotspot for the coronavirus after confirming two men who attended a south-west Sydney centre fitness centre have tested positive to the coronavirus.

Page 9: The jobs market recovery is stronger than first expected, with official data showing 35 per cent of jobs lost during COVID-19 had already been regained by June 27.

Page 10: The big four consulting firms booked more than $600 million in federal government contracts last financial year, with KPMG outpacing rivals to take about a third of the spend.

Page 11: China’s iron ore imports surged 35.3 per cent last month as the world’s second-largest economy showed further signs of defying the economic fallout from the pandemic while maintaining strong demand for Australian commodities despite rising political tensions.

Page 13: Business leaders called on states to develop nationally consistent standards for handling local outbreaks of COVID-19 and to enforce restrictions so everyone ‘‘knows the rules’’, warning Australia will be living with the virus for a long time.

Page 16: Cash-back pioneer Cashrewards is pushing ahead with plans for an initial public offering this year after a surge in new members underpinned by the shift to e-commerce during the pandemic.

Page 18: Billionaire Kerry StokesSeven Group lifted its stake in the ailing building products group Boral to 16.3 per cent in a renewed bout of share buying over the past few days.

 

 

The Australian

Page 1: Victorian health authorities have confirmed a link between two COVID-19 cases in people who attended the Black Lives Matter protest in Melbourne’s CBD just over a month ago, and the cluster of at least 242 cases in public housing towers in the city’s inner northwest.

Scott Morrison faces fresh demands from business to fast-track personal income tax cuts and return the rate of Newstart to pre-COVID levels within six months, as new analysis warns the costs of ongoing restrictions now outweigh the health benefits.

Page 2: A cashed-up American oil and gas company has formally lodged plans to start drilling and fracking in Western Australia’s Kimberley, putting it on a collision course with activists who have fought previous efforts to tap the region’s gas potential.

A key employment model championed by BHP boss Mike Henry has had a fresh setback after the Fair Work Commission again refused to approve two enterprise agreements covering the company’s in-house labour hire arm.

Page 5: The cure for COVID-19 has become the hottest target for nation state hacking, the company responsible for investigating the Democratic National Committee and Sony Pictures hacks said.

Page 8: California has drastically rolled back its reopening plans as coronavirus cases surged across dozens of US states and the World Health Organisation warned that too many nations are mismanaging their pandemic response.

Page 13: The head of the $98bn Magellan Financial has warned that it is “simply not true” that central banks and governments will be able to prevent contagion in financial markets if the coronavirus worsens and no effective treatment is found.

Page 14: The country’s largest brick manufacturer, Brickworks, is understood to have approached German plasterboard manufacturer Knauf to buy its Australian assets before they were officially placed on the market, as activity in the building material remains in focus.

Page 15: For the second month in a row, Qatar Airways has flown more people in and out of Australia than any other airline and is carrying significantly more freight than a year ago.

Page 21: The federal government’s key announcement on research funding could be delayed until at least the end of the year after a high-level advisory group of university leaders, which met for the first time on Monday, were given six months to work on the inquiry.

 

 

The West Australian

Page 2: Aboriginal sacred objects held by overseas museums will be returned to Indigenous communities as part of a Federal Government pilot program extended to 2024 and given nearly $10 million.

Page 3: Prime Minister Boris Johnson has ordered Huawei equipment to be purged completely from Britain’s 5G network by 2027, risking the ire of China by signalling the world’s biggest telecoms equipment maker is no longer welcome in the West.

Page 4: Two former teachers from one of Perth’s most elite girls’ schools have been charged with sexually assaulting two of their teenage students more than 30 years ago.

Page 7: Significant bleaching at one of WA’s healthiest coral reefs has scientists concerned about the effects of climate change.

Page 9: The AFL should consider hosting not just the grand final but the entire finals series in Perth.

Business: Many owners of small and family businesses in WA will have their houses on the line at the end of JobKeeper, according to industry leaders who are pushing for extra financial support from governments and banks.

Fortescue Metals Group has been placed in elite ranks as one of the 34 best companies in the world for supporting the development of female leaders.

WA’s peak body for events is calling on the State Government to provide $12 million for hardship grants to businesses demonstrating “extreme” distress and $500,000 for COVID safety plans to help revive the embattled industry.

There is no better time for women to don a hard hat and enter WA’s construction industry, according to experts who are predicting the coronavirus pandemic will spark a jobs boom.

Target will no longer have a presence in Kalgoorlie-Boulder, with the major department store to close in weeks.

The profitability of buy now pay later companies will hinge on Federal Government regulatory guidelines, as analysts warn investor support for operators may have “outpaced the growth outlook” for the industry.

WA companies saw the biggest improvement in activity last month and are enjoying the best business conditions across the nation, according to NAB’s latest monthly survey.

Royal Dutch Shell, the world’s biggest liquefied natural gas merchant, is making a bet on the trade’s digital future by taking a minority investment in Perth-based online platform developer GLX Digital.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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