10/09/2020 - 06:58

Morning Headlines

10/09/2020 - 06:58

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Fast-track quarantine for FIFOs

Morning Headlines

Fast-track quarantine for FIFOs

The influential mining sector is negotiating a plan with the State Government to potentially reduce the length of hotel quarantine stays for interstate FIFO workers. The West

South32 bankers up for mine royalties portfolio sale

South32 is seeking a buyer for a portfolio of royalties held over mines not operated by the company. The Fin

ASIO raids link to China intimidation

Intelligence sources believe the intimidation of Australian reporters that forced them to flee China is retaliation for ASIO raids on Chinese journalists being investigated for foreign interference. The Fin

Calls to invest in more vaccines after trial hitch

The decision by pharmaceutical giant AstraZeneca to pause human trials of its coronavirus vaccine is a positive sign corners are not being cut, the government and health experts say. The Fin

Keep JobSeeker, delay the tax cuts: retail boss

Australian Retailers Association boss Paul Zahra called on the Morrison government to prioritise a permanent increase to JobSeeker over fast-tracked tax cuts, saying unemployment assistance would boost the economy more. The Fin

Trade war hits Australian importers

The escalation of the trade war between Australia and China is pushing up costs for Australian importers of Chinese goods, compounding pressures on companies already dealing with ‘‘erratic’’ supply of materials because of COVID-19. The Fin

Mincor boss quietly upbeat over Cassini results

The nickel hopeful spearheading the revival of Kambalda’s mothballed nickel mines is hailing a new discovery near its cornerstone deposit. The West

Senate to block bill for green tape cuts

Scott Morrison’s plan to speed the approval of major projects as part of the COVID-19 recovery faces delay, with key crossbenchers set to block legislation aimed at reducing green tape. The Aus

State’s $3m in agriculture job support

The State Government has launched a $3 million support scheme to attract agricultural workers to help with the State’s grain harvest and horticulture crops. The West

Retail momentum makes a statement

WA’s retail sector is recovering much faster than the national average due to the State’s loosened COVID-19 restrictions, according to a Deloitte report. The West

 

 

The Australian Financial Review

Page 1: Intelligence sources believe the intimidation of Australian reporters that forced them to flee China is retaliation for ASIO raids on Chinese journalists being investigated for foreign interference.

Page 2: Late payments between businesses have lengthened to 43 days and the number of companies entering voluntary administration has fallen almost 60 per cent, both signs of a rising number of ‘‘zombie’’ companies being propped up by government handouts.

Page 3: The decision by pharmaceutical giant AstraZeneca to pause human trials of its coronavirus vaccine is a positive sign corners are not being cut, the government and health experts say.

Page 6: Australian Retailers Association boss Paul Zahra called on the Morrison government to prioritise a permanent increase to JobSeeker over fast-tracked tax cuts, saying unemployment assistance would boost the economy more.

Page 8: Agricultural export giants are pleading for the government to resolve its tensions with China and privately fear they could lose lucrative deals.

Page 9: Federal government grants designed to help exporters market their products overseas will be streamlined, after an independent report warned against funding uncertainty and complex administrative processes.

Page 13: South32 is seeking a buyer for a portfolio of royalties held over mines not operated by the company.

Page 15: The escalation of the trade war between Australia and China is pushing up costs for Australian importers of Chinese goods, compounding pressures on companies already dealing with ‘‘erratic’’ supply of materials because of COVID-19.

Page 17: The rapid growth of Afterpay and younger borrowers’ desire for more control over debt has prompted a response from National Australia Bank, which launched a no-interest credit card yesterday in a banking world-first.

 

 

The Australian

Page 1: Superannuation funds will benefit from a fee bonanza worth up to $270m a year by the time the superannuation guarantee reaches 12 per cent in 2026, according to analysis that backs calls for a rethink of the plan.

Page 3: Spending on anti-smoking public health campaigns has plummeted over the past decade as health experts say Australia risks losing its momentum on tobacco control.

Page 4: Scott Morrison’s plan to speed the approval of major projects as part of the COVID-19 recovery faces delay, with key crossbenchers set to block legislation aimed at reducing green tape.

Page 13: The nation’s biggest tech companies led by Atlassian, Canva and Airwallex have appealed directly to Scott Morrison to reverse a proposed $2bn cut to research and development incentives and called on software development to be added to the tax break.

The Church of England’s pension fund has added to growing pressure on Rio Tinto to take stronger action over the destruction of 46,000-year-old heritage sites in the Pilbara, saying it was a test for the global miner’s board.

Page 17: Banking and insurance group Suncorp has announced it will close 19 branches amid a 60 per cent drop in over-the-counter transactions, accelerated by the restrictions put in place as a result of the coronavirus crisis.

Page 20: Big technology stocks fell sharply on Wall Street for the third consecutive trading session, sparked by growing concerns that some of the stocks seen as beneficiaries of the coronavirus pandemic have climbed too far too quickly.

 

 

The West Australian

Page 3: The influential mining sector is negotiating a plan with the State Government to potentially reduce the length of hotel quarantine stays for interstate FIFO workers.

Page 5: WA is one of the only parts of Australia not testing wastewater for COVID-19, sparking warnings the State Government is becoming complacent about the risk of the virus returning.

Page 7: Australian honey producers are pleading for political backup as a court battle with New Zealand looms over the word “manuka”.

Page 10: More than 200 children whose welfare is meant to be monitored by WA child protection services are still waiting for their “safety investigations” to be completed.

Page 11: AFL staff numbers had swelled to a staggering 795 before last month’s job cuts were announced, leaked internal documents reveal.

Business: Rio Tinto’s board is expected to meet as early as today amid mounting shareholder pressure to sack one or more executives over the destruction of the 46,000-year-old Indigenous rock shelters at Juukan Gorge in the Pilbara.

The political stoush between Australia and its biggest trading partner is starting to affect business sentiment, but companies are not yet at the stage of pulling Australian workers out of China, experts say.

Former QBE chief executive Pat Regan has forfeited about $10 million in unvested stock after being sacked from the insurer for “inappropriate workplace communications” with a US employee.

The State Government has launched a $3 million support scheme to attract agricultural workers to help with the State’s grain harvest and horticulture crops.

WA’s retail sector is recovering much faster than the national average due to the State’s loosened COVID-19 restrictions, according to a Deloitte report.

The nickel hopeful spearheading the revival of Kambalda’s mothballed nickel mines is hailing a new discovery near its cornerstone deposit.

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