03/11/2020 - 06:26

Morning Headlines

03/11/2020 - 06:26

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McGowan demands ScoMo sort China issue.

McGowan demands ScoMo sort China issue

Premier Mark McGowan is demanding the Federal Government come up with a strategy to mend Australia’s relationship with China — saying hundreds of thousands of West Australian jobs depend on it. The West

Exporters braced for more China tariffs

Australian food and wine exporters are bracing for another wave of punitive tariffs from China after local Customs officials warned they would step up inspections on timber, barley and lobster as officials prepare to slap restrictions on other key agricultural commodities. The Fin

Farmers fume over BP plan to close refinery

BP says Western Australia’s security of supply for petrol and diesel will not be harmed by the closure of its Kwinana refinery, but farmers and miners want storage rules beefed up to ensure this. The Fin

An express Post for Virgin's Scurrah?

Outgoing Virgin boss Paul Scurrah has emerged as one of the leading candidates to replace Christine Holgate as chief executive of Australia Post after she resigned, effective immediately, over the Cartier watch gift row. The Aus

Westpac turnaround may take years

The turnaround of Westpac under chief executive Peter King may take years as it is forced to invest heavily in technology and people, speed up home loan approvals and deal with a slow recovery in investor lending. The Fin

Hospitality wage theft rife

More than 80 per cent of Perth cafe and restaurant businesses audited by the industry watchdog during a year-long probe were found to be in breach of WA’s wage and entitlement laws. The West

Climate and IR key issues for Joyce

Qantas boss Alan Joyce is calling for an end to the political bickering over climate change, saying the refusal to take it seriously is akin to ignoring the medical experts on coronavirus. The Fin

Family courts at break point

The chief justice of the Family Court says some parents are facing “unacceptable delays’’ as disruption caused by COVID-19, unfilled vacancies and judges being unable to keep up with their workloads stretch the bench to breaking point. The Aus

Perth master plan to breathe new life into unloved riverside strip

Sandy beaches and a floating pool in the Swan River are among the radical concepts set to be considered as part of a new vision for the CBD riverfront. The West

Prices to soar as Argyle diamond mine closes

Rare pink diamonds are likely to become more expensive now the famous WA mine that accounts for almost all the world’s production is closing. The West

 

 

The Australian Financial Review

Page 1: A surge in new home loans, a bounce-back in hiring by companies and rising property prices are building momentum in the economic recovery that is likely to be fuelled by another interest rate cut and a massive new unconventional bond-buying program from the Reserve Bank today.

The turnaround of Westpac under chief executive Peter King may take years as it is forced to invest heavily in technology and people, speed up home loan approvals and deal with a slow recovery in investor lending.

Page 3: Australian food and wine exporters are bracing for another wave of punitive tariffs from China after local Customs officials warned they would step up inspections on timber, barley and lobster as officials prepare to slap restrictions on other key agricultural commodities.

Page 4: Embattled Australia Post chief executive Christine Holgate has quit over the growing corporate expenses scandal, conceding the purchase of Cartier watches did not pass ‘‘the pub test’’.

Page 9: The internal war in the Construction, Forestry, Maritime, Mining and Energy Union has spilled into the open again, with an official claiming he was unlawfully sacked for seeking to unseat the head of the union at elections with the backing of John Setka.

A plan to use major law firms to draft federal government legislation has been quietly scrapped, ending Treasury’s use of the private sector to speed up development of new laws.

Page 10: Qantas boss Alan Joyce is calling for an end to the political bickering over climate change, saying the refusal to take it seriously is akin to ignoring the medical experts on coronavirus.

Page 14: Seek has withstood a follow-up attack from activist short seller Blue Orca that queried the whereabouts of Chinese jobs platform Zhaopin’s ‘‘idle’’ cash, after the company dismissed Blue Orca’s first report as ‘‘inaccurate’’ and ‘‘unsubstantiated’’.

Page 16: BP says Western Australia’s security of supply for petrol and diesel will not be harmed by the closure of its Kwinana refinery, but farmers and miners want storage rules beefed up to ensure this.

The chief executive of building products group CSR says she is keeping a tight rein on costs in an uncertain market where revenue in the core business – making products including PGH bricks, Monier roofing and Gyprock plasterboard – fell 6 per cent last month.

Page 17: AMP’s continuous disclosure of potential takeover offers will be monitored by regulatory agencies, after the 171-year old wealth management company released a second statement to the market clarifying the $6.36 billion price tag put on the group by Ares Management.

Page 20: Woolworths will use the greater data crunching capacity from multiple applications in the cloud, to adopt artificial intelligence in planning what products should appear in different stores.

 

 

The Australian

Page 1: The chief justice of the Family Court says some parents are facing “unacceptable delays’’ as disruption caused by COVID-19, unfilled vacancies and judges being unable to keep up with their workloads stretch the bench to breaking point.

Page 6: The Coalition faces a battle to get its proposed federal corruption watchdog through the Senate, with Labor, the Greens and crossbenchers poking holes in the draft legislation and accusing the government of producing a “toothless tiger”.

Page 8: The Pentagon has quietly begun withdrawing top military officers from US embassies in Africa and downgrading other such posts worldwide, in a shift of resources to counter China and Russia on the geopolitical stage and meet congressional caps on the number of generals and admirals in the US military.

Page 13: The Victoria Racing Club has been forced to borrow $25m from ANZ in recent weeks as the cost of holding the biggest race of the year at an empty Flemington racecourse hits home.

Outgoing Virgin boss Paul Scurrah has emerged as one of the leading candidates to replace Christine Holgate as chief executive of Australia Post after she resigned, effective immediately, over the Cartier watch gift row.

Page 16: Amaysim’s $250m sale to Optus represents a moment of poignancy for Amaysim co-founder and chief executive Peter O’Connell, who said it was increasingly difficult for challenger telcos to compete in Australia’s highly competitive and commoditised communications market.

 

 

The West Australian

Page 1: Premier Mark McGowan is demanding the Federal Government come up with a strategy to mend Australia’s relationship with China — saying hundreds of thousands of West Australian jobs depend on it.

Page 9: Mark McGowan says he does not want Australia’s international border open — including travel to Bali — until there is a COVID-19 vaccine.

Page 20: Sandy beaches and a floating pool in the Swan River are among the radical concepts set to be considered as part of a new vision for the CBD riverfront.

There are fears WA’s public hospital system is reaching breaking point after the worst month on record for ambulance waiting times.

Business: In a potential blow to bricks-and-mortar stores three months out from the important Christmas trading period, data shows West Australians are leading the nation’s online sales spend.

More than 80 per cent of Perth cafe and restaurant businesses audited by the industry watchdog during a year-long probe were found to be in breach of WA’s wage and entitlement laws.

Rare pink diamonds are likely to become more expensive now the famous WA mine that accounts for almost all the world’s production is closing.

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