03/08/2020 - 06:42

Morning Headlines

03/08/2020 - 06:42

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Victoria’s COVID coma

Melburnians will spend the next six weeks under the strictest curfew in Australia’s history, with Victorian Premier Daniel Andrews slapping new restrictions on the city’s residents after conceding that his government’s existing strategy had failed to curtail the deadly sweep of the coronavirus across the state. The Aus

Juukan Gorge is not the legacy Rio boss had hoped for

Rio Tinto chief Jean-Sebastien Jacques wants his legacy to be improved safety, a lower carbon footprint and a batch of new growth assets, but this week the focus will be back to his most unwanted legacy, the destruction of Juukan Gorge in Western Australia. The Fin

Australia-developed battery recycling tech bound for strict Europe

Perth-based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to lead Australia in attracting investment in green energy technology. The Fin

Businesses suffering despite increase in school holiday visitors

Tourism businesses across WA have reported a 26 per cent drop in activity in June and July compared to the same time last year, despite a busy school holiday period in many towns. The Fin

Chevron renewables push to power LNG

Chevron intends to develop renewable energy projects in Western Australia to help power its LNG operations as part of a global push to generate more than 500 megawatts of power from carbon-free electricity. The Fin

Business told: spend local, get tax boost

Businesses that spend money on local expansion will get bigger tax concessions and incentives under reforms flagged by the head of the nation’s key economic recovery advisory board. The Aus

Keep our vital doors open: Bunnings boss

The boss of Australia’s biggest hardware chain, Bunnings, has made his case for its doors to remain open in Victoria as a shutdown of all non-essential stores is considered, saying its products are vital to keep the state running as well as a crucial linchpin in mental health as millions are isolated at home with nothing to do. The Aus

Criminals ‘use virus to rort and defraud’

Australia’s corporate watchdog and crime agencies are combating a wave of COVID-19 fraud and corruption rackets, with the Australian Securities & Investments Commission reporting a 20 per cent spike in misconduct claims. The Aus

No GF at the 'G but Perth hopes fading

The AFL grand final will not be played at the MCG - but Perth's hopes of holding the country's biggest sporting showdown are dwindling. The West

Perth-born rover to fetch water from the moon

Perth company Space Industries is putting WA on the map with its world-first device designed to mine water on the Moon. The West

 

 

The Australian Financial Review

Page 5: Melbourne ‘‘non-essential’’ businesses face government-imposed cuts to output, reduced operating hours and, in some cases, forced closures, with knock-on effects to interstate supply chains and the national economy.

Page 6: The federal government cited rising community anxiety over the coronavirus catastrophe in Victoria as the reason for withdrawing from a High Court challenge to Western Australia’s hard border closures.

Page 9: The Caltex brand is set to be revived in Australia by its original owner Chevron once the exclusive deal held by the petrol and diesel supplier now known as Ampol comes to an end.

Page 13: Data from federal Treasury shows students who go to one of the eight leading universities and who study an honours degree or higher tend to earn more than those who don’t, in a report that challenges decades of policy aimed at improving equity in higher education.

Page 14: Rio Tinto chief Jean-Sebastien Jacques wants his legacy to be improved safety, a lower carbon footprint and a batch of new growth assets, but this week the focus will be back to his most unwanted legacy, the destruction of Juukan Gorge in Western Australia.

Page 16: Perth-based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to lead Australia in attracting investment in green energy technology.

Page 17: Chevron intends to develop renewable energy projects in Western Australia to help power its LNG operations as part of a global push to generate more than 500 megawatts of power from carbon-free electricity.

 

 

The Australian

Page 1: Melburnians will spend the next six weeks under the strictest curfew in Australia’s history, with Victorian Premier Daniel Andrews slapping new restrictions on the city’s residents after conceding that his government’s existing strategy had failed to curtail the deadly sweep of the coronavirus across the state.

Businesses that spend money on local expansion will get bigger tax concessions and incentives under reforms flagged by the head of the nation’s key economic recovery advisory board.

Holden car dealers have accused the office of Industry Minister Karen Andrews of issuing “outright threats” and ignoring their concerns about lowly compensation packages when US car giant General Motors pulled the brand from the market.

Page 2: The boss of Australia’s biggest hardware chain, Bunnings, has made his case for its doors to remain open in Victoria as a shutdown of all non-essential stores is considered, saying its products are vital to keep the state running as well as a crucial linchpin in mental health as millions are isolated at home with nothing to do.

Page 4: Australia’s corporate watchdog and crime agencies are combating a wave of COVID-19 fraud and corruption rackets, with the Australian Securities & Investments Commission reporting a 20 per cent spike in misconduct claims.

Page 15: The chief executive of explosives manufacturer Orica has questioned the government’s strategy to stop the coronavirus, warning against the costs of blanket lockdowns and a damaging “obsession” with COVID-19 deaths over those from other causes.

Page 16: The US’s big four internet giants saw their combined market value top $US5 trillion ($7 trillion) for the first time on Friday after they mostly delivered “blowout” profits for the latest quarter.

Analysts believe CIMIC’s announcement last week that it was in exclusive talks to sell half of its mining services business Thiess to Elliott Advisers is another signal that its parent company Hochtief will privatise the business.

Page 18: Chevron has flagged the potential for more problems at its $US54bn ($75bn) Gorgon gas project facilities in Western Australia, with executives saying the company could be forced to re-inspect the first of three production trains in light of cracking found at the second.

Page 21: Google has refused to rule out axing its Google News product in Australia, a move that could allow misinformation to thrive unchallenged on its platform and allow rival tech companies to swoop in and steal market share.

 

 

The West Australian

Page 5: The AFL grand final will not be played at the MCG - but Perth's hopes of holding the country's biggest sporting showdown are dwindling.

Page 6: Troops will be sent into Perth’s quarantine hotels as early as tonight to help avoid a repeat of the security lapses that unleashed Victoria’s killer COVID-19 outbreak.

Clive Palmer didn’t apply for an exemption to WA’s border closure, WA Attorney-General John Quigley has revealed as he heaped pressure on the mining magnate to end his High Court challenge.

Page 10: Relief is in sight for people suffering chronic pain after a discovery that could help develop new and safer medications.

Page 11: Perth’s Lord Mayor will no longer have the services of a full-time chauffeur — previously paid for by City of Perth ratepayers.

Page 15: Omar Khorshid, the former boss of the Australian Medical Association WA, has been elected the new Federal AMA president.

Page 17: The State Government has pledged to apply “more stringent vetting” to sponsors at its sporting facilities after it emerged a notorious bikie was linked to a Perth Motorplex drag race.

Business: Tourism businesses across WA have reported a 26 per cent drop in activity in June and July compared to the same time last year, despite a busy school holiday period in many towns.

Privately-owned civil construction contractor Ertech Holdings is set to press the button on a $60 million float of its engineering remediation group Duratec.

Today Rio Tinto, plagued by months of controversy after destroying a sacred indigenous site in the Pilbara, will announce an almost $60 million investment in training and development in WA in 2021 to support jobs and skills for the future and keep the WA economy strong.

BHP is in trouble in Chile as the country’s authorities crack down on water use by mines in the driest desert on earth.

Perth company Space Industries is putting WA on the map with its world-first device designed to mine water on the Moon.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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