01/09/2020 - 06:43

Morning Headlines

01/09/2020 - 06:43

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Morning Headlines

Childcare beats construction as bang-for-buck stimulus, say Forrests

Andrew and Nicola Forrest are heaping pressure on the Morrison government to overhaul childcare and boost early childhood learning as part of the multibillion-dollar economic stimulus packages being rolled out in the wake of COVID-19. The Fin

Fears iron ore exports may be hit

The Morrison Government is preparing for a worst-case scenario in the trade war with China — a hit to the lucrative and vital iron ore market. The West

Premier says it’s time for airlines to ground the COVIDIOTS

Mark McGowan has ramped up calls for everyone flying to WA from interstate to be forced to produce a valid travel exemption before boarding. The West

PM ramps up pressure on borders

With Victorian Premier Daniel Andrews to detail his ‘‘reopening road map’’ on Sunday, Scott Morrison will use Friday’s national cabinet meeting to seek a return to a nationwide plan to reopen the economy, similar to the original plan that ‘‘was overwhelmed by the resurgence of the virus in Victoria’’. The Fin

Spy chief tells of threat to our way of life

The nation’s cyber spy chief has brushed off controversy over plans to allow her organisation to conduct domestic surveillance of electronic communications, saying it is necessary because ‘‘not all Australians are the good guys’’. The Fin

Scentre, retailers make peace

Retailers Mosaic Brands and Strandbags have reopened almost 170 stores after being locked out 10 days ago by their landlord, Scentre Group, in long-running disputes over rent. The Fin

Sales shock ahead for pricey iPhone 12

Apple’s forthcoming range of high-end iPhones is on track to have the slowest uptake of any iPhones in recent history, new data suggests. The Fin

DHL invests $50m in parcel centre

DHL Express has unleashed an ambitious plan to take on Australia Post’s dominance of the parcel delivery market, with its Oceania boss, Gary Edstein, stepping up investment across major regional centres in the next “two to three years”. The Aus

MP rebukes CEOs over JobKeeper ‘bonuses’

Opposition frontbencher Andrew Leigh last night delivered a stinging attack on companies that have been recipients of JobKeeper payments and paid their executives huge bonuses. The Aus

Buyer eyes stake in Peet

A mystery buyer is said to be in the market for up to 20 per cent of Peet, amid heightened interest in the residential developer from activist investors. The West

 

 

The Australian Financial Review

Page 1: With Victorian Premier Daniel Andrews to detail his ‘‘reopening road map’’ on Sunday, Scott Morrison will use Friday’s national cabinet meeting to seek a return to a nationwide plan to reopen the economy, similar to the original plan that ‘‘was overwhelmed by the resurgence of the virus in Victoria’’.

Australia’s first ambassador to China has warned that the relationship between the two countries could get even worse because of the breakdown in normal communication channels between Canberra and Beijing.

IOOF will emerge as the biggest player in Australian wealth management, eclipsing troubled rival AMP, after it completes the $1.4 billion takeover of MLC from National Australia Bank.

Page 3: The nation’s cyber spy chief has brushed off controversy over plans to allow her organisation to conduct domestic surveillance of electronic communications, saying it is necessary because ‘‘not all Australians are the good guys’’.

Andrew and Nicola Forrest are heaping pressure on the Morrison government to overhaul childcare and boost early childhood learning as part of the multibillion-dollar economic stimulus packages being rolled out in the wake of COVID-19.

Page 5: Australia’s strict COVID-19 measures will not hit June GDP as severely as other countries that have experienced similar lockdowns, because government stimulus and well-managed restrictions have prevented a bigger hit to incomes and kept company profits afloat.

Page 6: The national aged care regulator stopped unannounced accreditation visits to homes around the country at the height of the pandemic, a decision the federal government has revealed was taken on medical advice.

Page 9: China has hit Australian winemakers with a second trade strike in the latest escalation of the bilateral row.

Page 10: Top industry groups from property to venture capital warn that the Morrison government’s proposed new national security test for foreign investment could create significant risks for deal flow, funding and asset values.

Page 14: Bain Capital has yet to finalise a deal with the broader Virgin Group for the Virgin Australia trademark, a source close to the talks says, and a final agreement is unlikely before the private equity firm’s acquisition faces creditors.

Page 15: Japan Post has appointed Nomura and JPMorgan to help explore options for Australian transport and logistics heavyweight Toll Holdings, as revealed by Street Talk yesterday.

Page 16: Infant formula group Bubs Australia expects an uncertain economy until at least the end of calendar 2020 as daigou traders stay out of the sector, with the company looking to bolster its balance sheet with a $38 million capital raising.

Retailers Mosaic Brands and Strandbags have reopened almost 170 stores after being locked out 10 days ago by their landlord, Scentre Group, in long-running disputes over rent.

Page 18: Telecom retailer Amaysim will sell its energy business, Click Energy, to AGL for $115 million to reduce risk during the pandemic-induced economic crisis.

Page 20: Apple’s forthcoming range of high-end iPhones is on track to have the slowest uptake of any iPhones in recent history, new data suggests.

 

 

The Australian

Page 1: New award flexibility measures in response to the explosion in employees working from home during the COVID-19 pandemic have been unveiled by Fair Work president Iain Ross.

Page 4: Company operating profits surged 15 per cent over the June quarter amid plunging sales as government stimulus alongside rent and loan relief handed Australian businesses a massive bottom-line boost through the worst of the COVID-19 crisis.

Page 5: Every Australian child should be guaranteed access to childcare under a universal model similar to Medicare to ensure the one-fifth of youngsters who currently receive no preschool education do not continue to fall behind.

Page 7: Olympians including Barry Roycroft, George Sanna, Edwina Topps-Alexander and former Equestrian Australia chair Ricky MacMillan have written a letter thrashing the sport’s state branches for obstructing the national body’s reformation after it entered voluntary administration.

Page 9: Methamphetamine use plunged and prices for the drug trebled in Perth during COVID lockdown, a study by the Australian Institute of Criminology has found.

Page 17: DHL Express has unleashed an ambitious plan to take on Australia Post’s dominance of the parcel delivery market, with its Oceania boss, Gary Edstein, stepping up investment across major regional centres in the next “two to three years”.

Opposition frontbencher Andrew Leigh last night delivered a stinging attack on companies that have been recipients of JobKeeper payments and paid their executives huge bonuses.

Page 20: Plans to quickly complete a deal between the Chinese parent company of TikTok and suitors for the app’s US operations have been thrown off track as the parties huddled over the weekend to weigh new Chinese restrictions that appear designed to affect a potential sale, according to people familiar with the discussions.

 

 

The West Australian

Page 1: Inaugural West Coast coach Ron Alexander has lifted the lid on football’s alleged “underbelly”, pointing the finger at a “ruling class” that controls the game in WA.

Page 9: Former foreign minister Julie Bishop is backing a major campaign promoting the benefits of universal access to early learning by Minderoo Foundation’s Thrive By Five organisation.

Page 10: Uncertain about when the virus pandemic will end and what post-COVID life in the big smoke will be like, city-dwellers are snapping up property in the South West and fuelling a mini property boom.

Page 11: The Morrison Government is preparing for a worst-case scenario in the trade war with China — a hit to the lucrative and vital iron ore market.

Mark McGowan has ramped up calls for everyone flying to WA from interstate to be forced to produce a valid travel exemption before boarding.

Page 15: Perth researchers have found that a common and inexpensive drug can slash the risk of heart attack and stroke by a third, offering new hope to patients with chronic heart disease.

Business: Social media experts say strong online marketing is more important than ever, yet many WA businesses are not getting the message.

A mystery buyer is said to be in the market for up to 20 per cent of Peet, amid heightened interest in the residential developer from activist investors.

Former Quintis chief executive Frank Wilson is hanging his hopes on two big damages actions after a failed appeal over a $14 million debt owed to the sandalwood producer.

Confidence has returned to WA’s exploration sector after a significant drop in spending during the past quarter.

The quest to build WA’s first film studio is heating up, with the State Government extending the deadline for proposals by the private sector to develop the facility.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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