01/10/2020 - 06:50

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01/10/2020 - 06:50

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BHP to recruit 3500 apprentices, trainees.

BHP to recruit 3500 apprentices, trainees

BHP has announced plans to hire 3500 apprentices and trainees as part of an $800 million plan to boost the mining giant’s business and spur Australia’s COVID-19 recovery. The Fin

PM picks winners for recovery

The Morrison government has settled on six priority areas it believes represent the future of Australian manufacturing and will spend an initial $1.5 billion encouraging their development as part of its post-recession plans. The Fin

Buckeridge port battle costs $35m

A confidential settlement over a 20-year legal battle between the State Government and Len Buckeridge over the late construction tycoon’s plans to build a port south of Fremantle has cost WA taxpayers $35 million. The West

Universities cop ‘jobs-ready’ plan

The Morrison government’s Jobready Graduates Package will reshape higher education delivery and comes at a time when universities are reeling from significant falls in revenue due to the coronavirus pandemic. The Fin

‘China tensions a barrier to free-trade deal’

Taiwan’s top representative in Canberra has lamented Australia’s seeming lack of interest in a free-trade agreement with the Chinese island nation, fearing Beijing’s influence is thwarting an economically beneficial deal. The Aus

SME loan 2.0 will push out some sectors

Some businesses on the brink may be excluded from the second phase of the coronavirus SME Guarantee Scheme — which is expected to accelerate the take-up of the $40 billion program — by the introduction of a 10 per cent interest-rate cap. The Fin

Telstra scraps lock-in business contracts

Telstra has scrapped lock-in contracts for its business customers, in an unusual move to differentiate itself in a market full of competition with the arrival of the NBN. The Fin

How to ramp up your super at the checkout

Consumers will soon be able to top up their superannuation when they pay energy bills, insurance and mortgages and shop in-store for groceries, clothing and furniture. The Fin

Summer of risks for food retailers

The nation’s biggest supermarket chains Woolworths, Coles, Aldi and wholesaler Metcash have been warned by the federal government’s Supermarkets Taskforce to prepare for a tough summer dominated by the lasting impacts of COVID-19, moderate bushfires and wetter than normal conditions that could spark floods and disrupt supply chains. The Aus

Gina gets EPA nod for mine

Gina Rinehart is set to open up another small mining operation in the Pilbara as part of her Atlas Iron business. The West

 

 

The Australian Financial Review

Page 1: The Morrison government has settled on six priority areas it believes represent the future of Australian manufacturing and will spend an initial $1.5 billion encouraging their development as part of its post-recession plans.

Page3: Cancer physicians and pharmaceutical companies have raised concerns the crisis on the waterfront could result in drug shortages as talks between the parties over a peace deal drag on.

Page 5: A retrospective tax cut that would see people’s 2020 financial year tax returns adjusted, delivering fresh cash payments to them before July next year, would help the government manage a $73 billion fiscal tailing off.

The amount of money lent to businesses has fallen for the fourth consecutive month and investor lending for housing has not increased since December 2018, the latest Reserve Bank figures show.

Page 7: The federal government’s tighter screening of foreign investment is being used by takeover targets as a regulatory shield to defend against hostile acquisitions and is deterring activist investors.

BHP has announced plans to hire 3500 apprentices and trainees as part of an $800 million plan to boost the mining giant’s business and spur Australia’s COVID-19 recovery.

Page 9: The Morrison government’s Jobready Graduates Package will reshape higher education delivery and comes at a time when universities are reeling from significant falls in revenue due to the coronavirus pandemic.

Page 12: China’s factory activity extended solid growth in September, twin surveys showed, as the nation’s crucial exports engine revved up on improving overseas demand and underlined a steady economic recovery from the coronavirus shock.

Page 14: Some businesses on the brink may be excluded from the second phase of the coronavirus SME Guarantee Scheme — which is expected to accelerate the take-up of the $40 billion program — by the introduction of a 10 per cent interest-rate cap.

Page 17: Meal kit delivery company HelloFresh plans to open a third distribution centre in Australia following a surge in demand during the pandemic and the launch of a budget-priced brand, EveryPlate.

Page 18: Telstra has scrapped lock-in contracts for its business customers, in an unusual move to differentiate itself in a market full of competition with the arrival of the NBN.

Page 19: Oil and gas mergers and acquisitions in and around Australia could reach $US27 billion ($38 billion) over the next few years, as producers shed assets after the oil price collapse and European players transform their portfolios towards lower-carbon energy.

Page 20: Consumers will soon be able to top up their superannuation when they pay energy bills, insurance and mortgages and shop in-store for groceries, clothing and furniture.

 

 

The Australian

Page 1: Australian Federal Police chief commissioner Reece Kershaw says the agency needs more Mandarin speakers to work on foreign inference cases and will recruit language graduates and Australian-Chinese community members to tackle the “new and complex” threat.

Page 2: Taiwan’s top representative in Canberra has lamented Australia’s seeming lack of interest in a free-trade agreement with the Chinese island nation, fearing Beijing’s influence is thwarting an economically beneficial deal.

Page 5: Just one in three aged-care workers has done the federal government’s personal protection training module, despite the sector facing the highest death toll from the COVID-19 pandemic.

Page 14: Further merger and acquisition activity is believed to be brewing in the Australian gold mining sector, with speculation mounting that a substantial deal is in the works in Western Australia involving two producers of the precious metal.

Page 16: The nation’s biggest supermarket chains Woolworths, Coles, Aldi and wholesaler Metcash have been warned by the federal government’s Supermarkets Taskforce to prepare for a tough summer dominated by the lasting impacts of COVID-19, moderate bushfires and wetter than normal conditions that could spark floods and disrupt supply chains.

The powerful construction industry is calling for the federal government to take a tougher line in driving industry reform, saying this could spark billions of dollars in project savings and help spur economic recovery.

Page 18: Walt Disney Co says it will lay off about 28,000 employees at its domestic theme parks, making the announcement shortly after the state of California signalled that Disneyland Resort would probably have to remain closed for the foreseeable future due to COVID-19 concerns.

 

 

The West Australian

Page 5: WA’s cash-for-cans scheme starts today — but recycling groups are claiming it is the least accessible in the country.

Page 6: One of the world’s biggest miners has backed Mark McGowan’s hard-border strategy, saying keeping WA locked away from the Eastern States has ensured the community and workplaces have remained safe.

Page 7: ABC staff have been branded “self-indulgent” for insisting on a pay rise when other public sector workers on the frontline of the coronavirus pandemic have had their wages frozen.

Page 22: Opening hours on Kalgoorlie’s main street are unlikely to change much after councillors watered down a push to deregulate shopping hours.

Business: A confidential settlement over a 20-year legal battle between the State Government and Len Buckeridge over the late construction tycoon’s plans to build a port south of Fremantle has cost WA taxpayers $35 million.

Next week’s Federal and State Budgets will be unlike any other, according to business groups and economists, with both likely to be “big spending” plans with far less of a focus on debt and deficit.

Japan has officially overtaken Australia as the biggest piece of Domino’s Pizza operations, with stores in Japan now outnumbering stores in Australia.

Royal Dutch Shell is cutting up to 9000 jobs, or more than 10 per cent of its global workforce, as the oil and gas giant steps up a shift to low-carbon energy.

Bendigo and Adelaide Bank has escaped punishment despite being singled out over serious and systemic breaches of an industry banking code of practice for its pursuit of borrowers locked in WA’s failed Great Southern investment schemes.

Gina Rinehart is set to open up another small mining operation in the Pilbara as part of her Atlas Iron business.

Amazon has introduced new palm recognition technology in a pair of Seattle stores and sees a broader potential audience in stadiums, offices and elsewhere.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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