29/09/2020 - 06:50

Morning Headlines

29/09/2020 - 06:50

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$800m for business in digital push

The Morrison government will pour $800 million into measures it says will help businesses take advantage of digital technologies, but most of the money is dedicated to boosting its own online services to facilitate doing business and crack down on corporate fraud. The Fin

Jobs aplenty in WA if border were open

Businesses across mining, agriculture and construction are complaining that West Australian Premier Mark McGowan’s hard border closure is making it impossible to hire enough workers in the state. The Fin

Fears over stranded FIFO staff

Mining giants are worried about the toll WA’s hard border is having on the mental health of their interstate fly-in, fly-out workforce, some of whom have been cut off from their families for six months. The West

Alcoa deal to kick-start onshore field

Western Australia’s biggest gas buyer, Alcoa of Australia, signed a large 10-year gas purchase deal that looks set to kick-start a fresh phase of development of onshore gas in the state. The Fin

Crown failed to check Stanley Ho’s Melco links

James Packer’s financial adviser failed to check whether gambling mogul Stanley Ho still had an interest in Melco Resorts before selling a significant shareholding in Crown Resorts to the Macau-based casino operator. The Fin

Investors split as Stokes joins Boral board

Boral’s decision to hand billionaire Kerry Stokes’ Seven Group two board seats has divided shareholders, with Argo Investments backing the move, given its sizeable stake, while John Wylie’s Tanarra Capital fears the decision may hand Seven too much influence. The Aus

Supply chains break as wharf war flares

The Coalition government will intervene to back a bid to stop wharfies’ industrial action as supply chains face delays stretching to three weeks and some shipping lines halt deliveries of vital goods. The Fin

Kiwis for Christmas: State-by-state travel bubble plan progresses

Travellers from Australian states free of the coronavirus look set to be the first allowed to travel to New Zealand without quarantine, as planning for a Christmas trans-Tasman travel bubble gains new momentum. The Fin

Elimination strategy ‘will cost us $319bn’

The cost of trying to eliminate the coronavirus from Australia is more than annual government spending on defence, education, health and social security combined, according to new economic modelling released by a free-market think tank. The Aus

‘We need troops as truckies’

WA’s shortage of truckies is at crisis point and soldiers might need to be called up to get behind the wheel of road trains, the transport industry warns. The West

 

 

The Australian Financial Review

Page 1: The Morrison government will pour $800 million into measures it says will help businesses take advantage of digital technologies, but most of the money is dedicated to boosting its own online services to facilitate doing business and crack down on corporate fraud.

Australia has passed a major COVID-19 milestone, recording its first day since the second wave began without any new additional mystery cases after Victoria recorded only four additional domestic cases – all linked to known cases.

Page 2: James Packer’s financial adviser failed to check whether gambling mogul Stanley Ho still had an interest in Melco Resorts before selling a significant shareholding in Crown Resorts to the Macau-based casino operator.

Page 3 The Coalition government will intervene to back a bid to stop wharfiesindustrial action as supply chains face delays stretching to three weeks and some shipping lines halt deliveries of vital goods.

Page 4: Travellers from Australian states free of the coronavirus look set to be the first allowed to travel to New Zealand without quarantine, as planning for a Christmas trans-Tasman travel bubble gains new momentum.

Page 6: Businesses across mining, agriculture and construction are complaining that West Australian Premier Mark McGowan’s hard border closure is making it impossible to hire enough workers in the state.

Page 12: ANZ Bank is poised to remove access to millions of dollars in loan redraw facilities after identifying about 200,000 accounts with incorrect balances.

Page 14: Western Australia’s biggest gas buyer, Alcoa of Australia, signed a large 10-year gas purchase deal that looks set to kick-start a fresh phase of development of onshore gas in the state.

Page 15: Petrol and diesel supplier Ampol has lost its second-in-command Louise Warner to its former suitor, Alimentation Couche-Tard, stoking speculation the Canadian convenience retailer could be gearing up to revive its takeover ambitions.

A division of Treasury has been asked to determine whether Rio Tinto’s management of the Panguna copper mine in Bougainville breached the standards expected by the Organisation for Economic Co-operation and Development.

Page 16: Amazon is set to snare a bigger share of Australia’s pre-Christmas spending on shopping by launching Prime Day, its annual promotion for loyalty program members, in mid-October.

Page 18: Fintech entrepreneur and former NAB banker Dan Jovevski has raised $2 million for his start-up, WeMoney, which aims to help young people make better financial decisions.

Page 19: Aussie-founded online photographers marketplace Snappr has raised $14 million at a valuation that delivers big on-paper gains to early investors, including Australian cricketer Steve Smith.

 

 

The Australian

Page 2: Scott Morrison will spend more than $7bn fast-tracking Australia’s digital economy, speeding up broadband and beefing up cyber security to streamline business operations and increase connectivity and economic output.

Page 5: Eight more crew members aboard a bulk carrier off Western Australia have tested positive for COVID-19.

The cost of trying to eliminate the coronavirus from Australia is more than annual government spending on defence, education, health and social security combined, according to new economic modelling released by a free-market think tank.

Page 9: Donald Trump has slammed claims that he only paid $US750 in federal income tax in 2016 and 2017 as “fake news”, as a major report into his personal tax payments threatened to shake up the US presidential race.

Page 13: The super sector has split over a long-term plan to move the super guarantee to 12 per cent, with some of the nation’s biggest retail funds backing away from a policy that could deliver hundreds of billions of dollars into the retirement savings system.

Page 15: Boral’s decision to hand billionaire Kerry StokesSeven Group two board seats has divided shareholders, with Argo Investments backing the move, given its sizeable stake, while John Wylie’s Tanarra Capital fears the decision may hand Seven too much influence.

 

 

The West Australian

Page 1: The Australian Defence Force is sending 10 personnel to Port Hedland in response to a State Government SOS for help to deal with a virus-riddled ship off the Pilbara coast.

Page 3: An award-winning Aboriginal filmmaker has been appointed the new director of the National Australia Day Council.

Page 4: Australians will be able to set up a business within 15 minutes online rather than being bogged down in paperwork for days or weeks as part of a major digital JobMaker plan to be announced by the Morrison Government today.

Page 6: WA’s shortage of truckies is at crisis point and soldiers might need to be called up to get behind the wheel of road trains, the transport industry warns.

Page 9: It may not be the short-term solution offered by most diets but research suggests getting married could be one of the best ways to lose weight.

Business: Mining giants are worried about the toll WA’s hard border is having on the mental health of their interstate fly-in, fly-out workforce, some of whom have been cut off from their families for six months.

Demand for business skills in the gig economy has exploded over the past six months, as more Australians became entrepreneurial to navigate the coronavirus pandemic.

China’s economic rebound is showing signs of plateauing this month, weighed down by lacklustre home and car sales, a weaker share market and worsening business confidence.

WA billionaire Andrew Forrest may end up as the new owner of RM Williams, bringing the brand back into Australian hands.

WA’s digital technology and cybersecurity sectors will need thousands more workers in the coming years to combat a rise in cybercrime off the back of COVID-19.

Ecograf has taken another step towards developing a $US72 million ($102m) graphite refinery after striking an agreement with the State Government over a 6.7ha site south of Perth.

Carawine Resources has raised $6 million in a placement after being swamped with interest from investors.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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