21/07/2020 - 06:59

Morning Headlines

21/07/2020 - 06:59

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Premier backs WA jobs and end to FIFOs from interstate

Morning Headlines

Premier backs WA jobs and end to FIFOs from interstate

Mark McGowan is calling on the mining and resources industry to stop using interstate fly-in, fly-out workers. The West

Nats tell Porter to let cattle ruling lie

The Nationals’ Senate team is demanding that Attorney-General Christian Porter rule out an appeal against the Federal Court’s decision finding the Gillard government’s live cattle exports ban illegal. The Aus

PM orders green tape barriers destroyed

Scott Morrison has ordered the biggest shake-up of Australia’s environmental laws in 20 years, pushing responsibility for project approvals to the states in a bid to slash green tape and drive job creation through the COVID-19 pandemic. The Aus

Job support extended, but pruned

The Morrison government will extend the JobKeeper and JobSeeker emergency payments for another six months, but both will be reduced after a Treasury review found they could act as disincentives to work as the economy recovers. The Fin

More firms to take up boosted cheap loans

More businesses are expected to take up the federal government’s cheap guaranteed loans after terms were improved and eligibility expanded, but almost 50 per cent of firms say they will cut staff if JobKeeper is taken away. The Fin

SME lenders to banks: Use it or lose it

Small business lenders say more changes are needed to the government’s SME coronavirus loan program – including bank-level lending data and a use-it-or-lose-it clause – to keep foot-dragging rivals on their toes.

Think thrice on ‘easy money’    

Businesses are being urged to “think three times” before accessing government-guaranteed loans of up to $1 million because it could leave them saddled with crippling debt for years after the coronavirus pandemic. The West

We will never give data to China: TikTok chief

TikTok will not allow China to access its data or use it as a ‘‘political football’’ in geopolitical disputes with other foreign governments, the boss of the Australian arm of the popular Chinese video-sharing company has declared. The Fin

Remote working ‘must be managed’: NBN

Business leaders will need to learn how to manage large sections of their staff working remotely on a regular basis, according to a new report to be issued on Tuesday by NBN Co and StartupAus. The Aus

 

 

The Australian Financial Review

Page 1: The Morrison government will extend the JobKeeper and JobSeeker emergency payments for another six months, but both will be reduced after a Treasury review found they could act as disincentives to work as the economy recovers.

Page 3: Reserve Bank governor Philip Lowe is likely to give a critique of modern monetary theory in a speech today that will also delve into public sector balance sheets that have blown out to record levels.

Page 6: More businesses are expected to take up the federal government’s cheap guaranteed loans after terms were improved and eligibility expanded, but almost 50 per cent of firms say they will cut staff if JobKeeper is taken away.

Page 9: Investment bank JPMorgan flew a cabal of high-powered lawyers to Australia to put arguments to the competition watchdog that its bankers did not engage in criminal cartel conduct at the same time the financial institution was seeking immunity from prosecution over a bungled $2.5 billion capital raising for ANZ.

Page 10: Construction of utility-scale renewables projects, new public transport infrastructure and the restoration of threatened ecosystems could see as many as 76,000 new jobs created during Australia’s COVID-19 recovery.

Page 13: Small business lenders say more changes are needed to the government’s SME coronavirus loan program – including bank-level lending data and a use-it-or-lose-it clause – to keep foot-dragging rivals on their toes.

Page 16: Woodside Petroleum and BHP are among seven companies shortlisted to receive support from a $70 million federal government funding round to fast-track the development of large-scale renewable-based hydrogen projects.

Page 17: South32 will continue its cost-cutting drive as it bunkers down for a prolonged period of volatility and weak commodity prices.

Page 19: Rebel bondholders seeking to upend the planned sale of Virgin Australia to private equity outfit Bain Capital have lodged a draft debt restructuring deal with the airline’s administrators.

Page 20: TikTok will not allow China to access its data or use it as a ‘‘political football’’ in geopolitical disputes with other foreign governments, the boss of the Australian arm of the popular Chinese video-sharing company has declared.

 

 

The Australian

Page 1: Scott Morrison has ordered the biggest shake-up of Australia’s environmental laws in 20 years, pushing responsibility for project approvals to the states in a bid to slash green tape and drive job creation through the COVID-19 pandemic.

Page 2: The NationalsSenate team is demanding that Attorney-General Christian Porter rule out an appeal against the Federal Court’s decision finding the Gillard government’s live cattle exports ban illegal.

Page 6: NSW could face a “doubling or tripling” of COVID-19 cases by next month if health officials are unable to “clamp down” on the current outbreak, Premier Gladys Berejiklian has conceded.

Page 9: Britain will shelve its extradition treaty with Hong Kong on Monday night as London seeks to join its allies Australia, the US and Canada in hardening its stance towards China.

Page 13: Financial services watchdog chief Wayne Byres will have the full attention of directors and investors on Wednesday when he reveals the regulator’s latest thinking on the critical issue of dividends.

Page 15: The prudential regulator’s crackdown on the data protection practices of financial institutions dealing with third parties and COVID-19 has driven a surge in revenue growth for the cyber risk exchange firm backed by Telstra’s independent venture capital arm, Telstra Ventures.

Business leaders will need to learn how to manage large sections of their staff working remotely on a regular basis, according to a new report to be issued on Tuesday by NBN Co and StartupAus.

 

 

The West Australian

Page 2: Environment Minister Sussan Ley will get the nation’s big miners and environment groups together for a roundtable discussion next week on the best way to avoid long delays in approvals for new projects.

Page 4: Adam Simpson has thrown his support behind a campaign to bring the AFL grand final to Perth, saying it would be “great for everyone” to have the game played in front of a big WA crowd.

Broadcast messages between doctors in WA have been intercepted by hackers and posted online in a major patient data breach.

Mark McGowan is calling on the mining and resources industry to stop using interstate fly-in, fly-out workers.

Page 7: Unions have called for permanent free child care and $30 billion annually for major public projects as part of a plan to create more than one million jobs.

Business: Businesses are being urged to “think three times” before accessing government-guaranteed loans of up to $1 million because it could leave them saddled with crippling debt for years after the coronavirus pandemic.

WA has recorded a decline in hours worked over the past fortnight as the State hits its “first speed bump in months”, according to PwC economist Jeremy Thorpe.

Rio Tinto is making progress on the development of Guinea’s giant Simandou iron ore deposit, bringing a potential overhaul of global supply of the steelmaking material closer into view. Australia’s small business advocate has called on the State Government to “put its money where its mouth is” when it comes to buying local and support those struggling during the coronavirus pandemic.

The private equity-led consortium bidding for Zenith Energy is preparing to announce an increased offer in the hope of getting the $150 million takeover across the line.

An aspiring northern Goldfields sulphate-of-potash producer has wrapped up buyers for two-thirds of its future annual production after signing an offtake agreement with an international fertiliser supplier.

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