28/10/2020 - 07:01

Morning Headlines

28/10/2020 - 07:01

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Now border walls start to come down.

Now border walls start to come down

The reopening of Victoria’s economy is generating momentum for the removal of state border blockades, including between NSW and Victoria, and the blanket closure still being imposed by the West Australian government. The Fin

South32 aims for next mine to be carbon-neutral

South32’s next mine in Arizona could be 100 per cent powered by renewable energy and chief executive Graeme Kerr is confident that further measures such as the adoption of electric vehicles could enable the project to be carbon-neutral. The Fin

Tightening leash on corporate watchdog

The Morrison government is looking at more reforms to change the administration and culture of the corporate regulator amid the turmoil at the top of the Australian Securities & Investments Commission. The Aus

Hurt traders sue over delayed beachside works

Scarborough businesses have launched a multimillion-dollar legal action over losses suffered during the Metropolitan Redevelopment Authority’s $75 million beachfront refurbishment. The West

TPG takes on NBN with 5G fixed wireless

TPG Telecom will launch a 5G fixed wireless product in the first half of next year, making it the last of the big three mobile telcos to go head to head with the NBN with a wireless home broadband product. The Fin

Baz wants free Xmas parking

Newly elected Lord Mayor Basil Zempilas wants free weekend parking across the City of Perth to help struggling retailers during the busy holiday season. The West

Time up on discounts for unis’ online short courses

Students will no longer be able to enjoy discounts on the new short, online courses from universities that were announced by federal Education Minister Dan Tehan in April to help people re-skill during the COVID-19 pandemic. The Aus

Paladin’s Black Swan got police contract

A subsidiary of controversial security firm Paladin had a $1.8 million Australian government contract extended just months after the Home Affairs Department demanded the removal of a key executive. The Fin

Collective bargaining win a ‘big step’ for gig workers

Gig economy workers will be able to collectively bargain for their rates under a new exemption from competition laws for small businesses and independent contractors. The Fin

Revival on as recession over: RBA

The Reserve Bank believes the nation is out of recession with the economy returning to growth in the September quarter, as punishing restrictions in Victoria were outweighted by recoveries in other states. The Aus

 

 

 

The Australian Financial Review

Page 1: The reopening of Victoria’s economy is generating momentum for the removal of state border blockades, including between NSW and Victoria, and the blanket closure still being imposed by the West Australian government.

Page 3: A subsidiary of controversial security firm Paladin had a $1.8 million Australian government contract extended just months after the Home Affairs Department demanded the removal of a key executive.

Page 7: A crucial criteria for receiving JobKeeper – business revenue – has bounced the most in six months, according to data collected from over 100,000 companies.

Page 10: Gig economy workers will be able to collectively bargain for their rates under a new exemption from competition laws for small businesses and independent contractors.

Page 14: Trade Minister Simon Birmingham scrambled a virtual meeting of 22 trade ministers for Tuesday night (AEDT), as he tries to help the battered World Trade Organisation put some credibility-restoring runs on the board before he shifts full-time to his new gig as finance minister.

Page 16: Coca-Cola Amatil suitor Coca-Cola European Partners plans to pursue an aggressive Asia expansion strategy of the kind Australia’s largest non-alcoholic beverage bottler abandoned more than 10 years ago after getting its fingers burnt.

Page 18: South32’s next mine in Arizona could be 100 per cent powered by renewable energy and chief executive Graeme Kerr is confident that further measures such as the adoption of electric vehicles could enable the project to be carbon-neutral.

Page 19: TPG Telecom will launch a 5G fixed wireless product in the first half of next year, making it the last of the big three mobile telcos to go head to head with the NBN with a wireless home broadband product.

 

 

The Australian

Page 1: The Reserve Bank believes the nation is out of recession with the economy returning to growth in the September quarter, as punishing restrictions in Victoria were outweighted by recoveries in other states.

Page 6: The acting chair of corporate watchdog ASIC, Karen Chester, says she and her fellow commissioners were kept in the dark about $118,000 paid to help stood down boss James Shipton manage his tax affairs.

The Morrison government is looking at more reforms to change the administration and culture of the corporate regulator amid the turmoil at the top of the Australian Securities & Investments Commission.

Page 8: America’s most senior officials have appealed to India to work with them to protect a “free and open Indo-Pacific”, as the nations marked a watershed in their relationship by finalising the last of four defence agreements that traditionally underpin the closest US military alliances.

Page 13: The federal government faces a fresh clash over domestic gas after a controversial plan to adopt the nation’s first reservation scheme ignited fears it may curtail investment and fail to reduce prices, while users backed the move as a necessary intervention to correct the market.

Page 15: Boral will consider offloading its US building products business after early interest from buyers and will sell its half-share of the USG Boral plasterboard venture for $1.43bn, placating high-profile shareholders agitating for asset sales.

More than 2200 TAB retail workers are set to return to their counters in Victoria, just in time to take bets on the Melbourne Cup after Premier Daniel Andrews began easing restrictions on Melbourne’s three-month lockdown.

Page 15: Telstra has seen another reshuffling of its senior executive team following the departure of Michael Ebeid, who has been looking after the telecom giant’s corporate and government customers for the past two years.

Page 16: Altura Mining’s 13,000 Australian shareholders face the prospect of being wiped out after US bondholders owed $250m by lithium producer Altura Mining emerged in control of the collapsed company after appointing both receivers and voluntary administrators at the struggling miner.

Page 17: Global payments group Transfer-Wise says the federal government must take “decisive action” to introduce laws forcing transparent pricing of cross-border money transfers, to ward against big banks overcharging by billions of dollars.

Page 19: Chinese financial-technology giant Ant is set to raise at least $US34.4bn ($48.2bn) from the world’s biggest-ever initial public offering, filings revealed on Monday, in a blockbuster deal that will bypass US stock exchanges.

Page 21: Students will no longer be able to enjoy discounts on the new short, online courses from universities that were announced by federal Education Minister Dan Tehan in April to help people re-skill during the COVID-19 pandemic.

 

 

The West Australian

Page 2: A Curtin University researcher is hoping to crack the mystery of why WA corals regularly exposed to the sun are thriving while others around the world are dying.

Page 3: Houses in the boom-or-bust mining town of Karratha are jumping in value by nearly $3000 a week, as an influx of Perth investors join the rebounding market.

Page 5: Newly elected Lord Mayor Basil Zempilas wants free weekend parking across the City of Perth to help struggling retailers during the busy holiday season.

Page 7: WA still isn’t testing wastewater for COVID-19, sparking concern about the State Government’s preparedness for a potential outbreak when the hard border comes down.

Page 10: Labor is throwing its support behind Mathias Cormann’s bid for one of the world’s top economic jobs.

Page 11: A leading child protection advocate has slammed Australia’s approach to managing convicted paedophiles, saying courtrooms are “soft”, “pathetic” and favour rapists over victims.

Business: Scarborough businesses have launched a multimillion-dollar legal action over losses suffered during the Metropolitan Redevelopment Authority’s $75 million beachfront refurbishment.

WA’s corporate community needs to “put runs on the board” to effectively tackle inclusion and diversity in the workplace, WA’s female business leaders say.

WA businesses continue to face pressure from employees to adopt an ongoing work-from-home plan, despite the low threat of COVID-19 in the State, according to Deloitte partner Michael Scott.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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