26/08/2020 - 06:42

Morning Headlines

26/08/2020 - 06:42

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Retailers, landlords in open warfare over rents as losses mount for all

Morning Headlines

Retailers, landlords in open warfare over rents as losses mount for all

Australia’s largest shopping centre landlord, Scentre Group, is in open warfare with a major tenant, clothing retailer Mosaic Brands, which is threatening to shut 500 stores unless landlords reduce rents. The Fin

State rejoices at border decision but fight not over yet

Mark McGowan says the fight to stop Clive Palmer from demolishing WA’s hard border has been “vindicated” after the Federal Court ruled it was the most effective measure to keep COVID-19 out of the State. The West

Gloves off as PM turns on Andrews

Relations between the federal and Victorian governments have turned toxic, with the Morrison government accusing Premier Daniel Andrews’ administration of unacceptable failures, and criticising his request to extend the state of emergency for 12 months when he had ‘‘questions to answer’’. The Fin

Pedestrians & bike riders get a $50m crossing to city

The State Government will today unveil plans to build an “iconic” pedestrian and cycle bridge stretching hundreds of metres across the Swan River. The West

Bega to replace China’s Mengniu

Bega Cheese is firming as a strong Australian alternative to acquire Lion’s dairy and drinks business after Treasurer Josh Frydenberg blocked a Chinese takeover of the company on national interest grounds. The Fin

Covid money buying 'grog chaos and gambling'

Indigenous leader Noel Pearson has warned that money from COVID-19 support measures such as the JobSeeker program and the ability to tap superannuation accounts is fuelling a surge in “grog chaos and gambling’’ in vulnerable communities across the nation. The Aus

$1b defence package to prod economy

Military bases will be upgraded, a new ship built for humanitarian missions in the Pacific and dozens of former Qantas and Virgin aircraft engineers hired under a $1 billion package to enlist the Defence Force to boost the economy and underpin 4000 jobs. The Fin

Union takes Woolies to court over pay rise

The retail union has launched legal action against Woolworths to force it to pay wage rises immediately to tens of thousands of staff, instead of delaying them until next year, because of the COVID-19 crisis, in a case that could have ramifications for the industry. The Fin

Pressure to push pause on super rise

Employer representatives of major industry funds Australian-Super and Hostplus are backing a review of the superannuation guarantee increase because of concerns about the economic recovery from COVID-19. The Aus

WA payroll job loss best in Australia

West Australians have been spared the worst of the country’s COVID unemployment crisis, with the State recording the lowest percentage of payroll job losses in the nation. The West

 

 

The Australian Financial Review

Page 1: Relations between the federal and Victorian governments have turned toxic, with the Morrison government accusing Premier Daniel Andrews’ administration of unacceptable failures, and criticising his request to extend the state of emergency for 12 months when he had ‘‘questions to answer’’.

Bega Cheese is firming as a strong Australian alternative to acquire Lion’s dairy and drinks business after Treasurer Josh Frydenberg blocked a Chinese takeover of the company on national interest grounds.

Australia’s largest shopping centre landlord, Scentre Group, is in open warfare with a major tenant, clothing retailer Mosaic Brands, which is threatening to shut 500 stores unless landlords reduce rents.

Page 3: Military bases will be upgraded, a new ship built for humanitarian missions in the Pacific and dozens of former Qantas and Virgin aircraft engineers hired under a $1 billion package to enlist the Defence Force to boost the economy and underpin 4000 jobs.

Page 6: The Federal Court has endorsed Western Australia’s hard border closure, in a blow to Morrison government attempts to pressure states to ease movement restrictions.

Page 11: The retail union has launched legal action against Woolworths to force it to pay wage rises immediately to tens of thousands of staff, instead of delaying them until next year, because of the COVID-19 crisis, in a case that could have ramifications for the industry.

Page 17: Oil Search has flagged a two-year delay in a $20 billion expansion of liquefied natural gas in Papua New Guinea and a slower development of an oil project in Alaska as it reworks growth projects to suit weaker conditions caused by COVID-19.

Page 19: UniSuper will tell the Rio Tinto board that financial penalties handed to executives over destruction of Juukan Gorge are not enough, as publication of a board review into the incident attracted a mixed reaction from investors.

 

 

The Australian

Page 1: Indigenous leader Noel Pearson has warned that money from COVID-19 support measures such as the JobSeeker program and the ability to tap superannuation accounts is fuelling a surge in “grog chaos and gambling’’ in vulnerable communities across the nation.

Page 4: Scott Morrison has called on Coalition MPs to maintain their “complete focus” on the Australian people as Nationals leader Michael McCormack pushed back against growing internal pressure for him to step aside before the next election.

Page 6: Employer representatives of major industry funds Australian-Super and Hostplus are backing a review of the superannuation guarantee increase because of concerns about the economic recovery from COVID-19.

Page 9: Australia’s shift to a post-COVID-19 digital economy will fundamentally change the jobs landscape, with new National Skills Commission analysis showing that data analysts, researchers and specialist engineers are dominating the nation’s 25 “emerging occupations”.

Page 16: Charter Hall appears to be gathering further momentum when it comes to acquisitions, with the $5.71bn real estate group understood to be in the mix to buy the David Jones properties.

Page 17: Treasury Wine Estates chairman Paul Rayner has defended the winemaker’s export business to China in the wake of Beijing launching an anti-dumping investigation into Australian wine, saying the Chinese market remained a priority and it would cooperate with officials through the process.

 

 

The West Australian

Page 6: Mark McGowan says the fight to stop Clive Palmer from demolishing WA’s hard border has been “vindicated” after the Federal Court ruled it was the most effective measure to keep COVID-19 out of the State.

Optus Stadium’s crowd capacity will increase from 30,000 to 36,000 under plans being considered by WA’s Chief Health Officer Andy Robertson to host the AFL grand final if Phase Four restrictions remain in place.

Page 10: The State Government will today unveil plans to build an “iconic” pedestrian and cycle bridge stretching hundreds of metres across the Swan River.

Page 19: Murdoch University will run unsupervised online exams again at the end of this year — even though dozens of students were caught cheating in this scenario in the first semester.

Business: Perth stockbroking firm Hartleys expects to resume normal operations today after being hit by a cyber attack that is said to have involved a demand for ransom.

West Australians have been spared the worst of the country’s COVID unemployment crisis, with the State recording the lowest percentage of payroll job losses in the nation.

Vacancy rates across WA’s biggest shopping centres have soared, but commercial property analysts say the coronavirus pandemic is not to blame.

WA is to get more student housing, with plans for a 900-person, $100 million off-campus facility near Curtin University to boost the number of dedicated student beds in WA to more than 8500.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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