23/11/2020 - 06:55

Morning Headlines

23/11/2020 - 06:55

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Morning Headlines

Iron ore miners dig in for fight over capacity at Port Hedland

Iron ore miners BHP, Fortescue Metals Group, Hancock Prospecting and Mineral Resources are preparing to make their competing cases for precious space at Port Hedland after rejecting the West Australian government’s urgings to build a $10 billion outer harbour. The West

Kirkup favourite to step up as Harvey quits while she’s behind

Zak Kirkup is in the box seat to be the next leader of the WA Liberals after Liza Harvey yesterday quit to give voters a “real choice” at the State election. The West

More big firms to get capex break

Treasurer Josh Frydenberg will move to expand the government’s business expense tax break, allowing companies with more than $5 billion in turnover to instantly deduct the cost of new capital investments. The Fin

How to drive oil and gas investment

Nationally consistent policy, improved regulation and better tax rules could help unlock billions of dollars in investment in Australia’s oil and gas sector and create thousands of jobs, according to a new report. The Fin

Google and Facebook must pay for content or local media will not survive

Facebook and Google must be forced to pay Australian media organisations for using their content so the industry can “survive”, according to an open letter issued by 10 major news firms today. The West

Resources sector investment rebounds

Mining and energy investment in Australia is likely to rise for the second consecutive year in 2021, marking a turning point after a long, steep decline that set in after the resources boom peaked nearly a decade ago. The Fin

Indigenous skill-shortage gap too wide

Chevron’s Perth-based manager of Aboriginal workplace inclusion Rishelle Hume said while the numbers have improved slightly in recent years, there was still a notable lack of diversity in the technical and professional roles. The West

SA connects the dots over vexed cluster

South Australian Premier Steven Marshall has urged other state and territory leaders making border decisions to take into account that every case of COVID-19 in the outbreak in SA can now be traced back to a known source. The Fin

CBA outstanding week fuels recovery hopes

A stellar weekly gain from CBA is the latest sign of a fundamental shift in the sharemarket, as investors rush for companies that stand to gain from a strengthening economy. The Fin

West under cyber siege

Chinese and Russian state-based cyber actors are orchestrating industrial-scale malicious attacks and disinformation campaigns to gain global advantage and weaken democratic institutions through “manipulation” and theft of sensitive data. The Aus

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg will move to expand the government’s business expense tax break, allowing companies with more than $5 billion in turnover to instantly deduct the cost of new capital investments.

Page 5: Nationally consistent policy, improved regulation and better tax rules could help unlock billions of dollars in investment in Australia’s oil and gas sector and create thousands of jobs, according to a new report.

Page 6: The legislated increase in the superannuation guarantee from 9.5 per cent to 12 per cent should be scrapped to aid a jobs-led recovery, say experts and economists following the Callaghan report finding that it would mostly come at the cost of wages.

Page 7: South Australian Premier Steven Marshall has urged other state and territory leaders making border decisions to take into account that every case of COVID-19 in the outbreak in SA can now be traced back to a known source.

Page 11: A Sydney hedge fund has collapsed, after a cyber attack triggered by a fake Zoom invitation prompted its trustee and administrator to approve $8.7 million in fraudulent invoices.

Page 12: The Pennsylvania judge hearing the US President’s claims of electoral fraud said a plaintiff seeking to junk nearly 7 million votes should come with compelling legal arguments. ‘‘That has not happened,’’ Judge Matthew Brann said.

Page 14: The new university regulator, Alistair Maclean, says he could impose conditions on university accreditation in response to risks from COVID-19 to student experience.

Page 15: A stellar weekly gain from CBA is the latest sign of a fundamental shift in the sharemarket, as investors rush for companies that stand to gain from a strengthening economy.

Page 17: Mining and energy investment in Australia is likely to rise for the second consecutive year in 2021, marking a turning point after a long, steep decline that set in after the resources boom peaked nearly a decade ago.

Page 18: Iron ore miners BHP, Fortescue Metals Group, Hancock Prospecting and Mineral Resources are preparing to make their competing cases for precious space at Port Hedland after rejecting the West Australian government’s urgings to build a $10 billion outer harbour.

Page 21: The Australian Competition and Consumer Commission will not oppose Optus’ proposed $250 million acquisition of mobile telecommunications provider Amaysim, despite concerns in the market about the implications of the deal.

 

 

The Australian

Page 1: The Australian Open could be delayed until at least February as event organisers continue “urgent” negotiations with the Victorian government, and with players warning the grand slam could only proceed if they were allowed to train in quarantine.

Chinese and Russian state-based cyber actors are orchestrating industrial-scale malicious attacks and disinformation campaigns to gain global advantage and weaken democratic institutions through “manipulation” and theft of sensitive data.

Page 4: A Chinese-government controlled conglomerate has lobbed a $200m takeover bid for Probuild, one of Australia’s largest builders, in a deal now under Foreign Investment Review Board scrutiny.

Page 5: Steven Marshall will consider banning hotel quarantine workers from holding second jobs after requesting advice from health experts — as federal Labor, the Greens and union movement ramp up pressure on the states to pay these employees more.

Page 8: G20 nations emphasised the need for global access to coronavirus vaccines at a Saudi-hosted virtual summit late on Saturday dominated by efforts to tackle the pandemic and the worst global recession in decades.

Page 15: Australian dividends plunged close to 50 per cent in the September quarter, largely due to the banks slashing their payouts, but the worst may soon be over for income investors, according to asset manager Janus Henderson.

Page 16: Self-managed super funds with balances of $200,000 or more are cost competitive with APRA-regulated funds, while at $500,000, SMSFs become the cheapest option, according to new research from Rice Warner.

Page 17: Pfizer and partner BioNTech asked US health regulators on Friday to permit use of their COVID-19 vaccine, a milepost in months of frantic efforts to find a medicine that could beat back a rampaging pandemic.

 

 

The West Australian

Page 3: Facebook and Google must be forced to pay Australian media organisations for using their content so the industry can “survive”, according to an open letter issued by 10 major news firms today.

Page 8: Zak Kirkup is in the box seat to be the next leader of the WA Liberals after Liza Harvey yesterday quit to give voters a “real choice” at the State election.

Page 11: The suicide of nine serving and non-serving Defence personnel in the past three weeks across Australia is “unprecedented”, leaving the veteran community “speechless” and asking what will it take for real change.

Page 16: Hikes to petrol prices, meat, furniture and appliances has increased the amount of superannuation Australians need in retirement.

Page 18: Premier Mark McGowan remains defiant on his hard border stance as new figures reveal thousands of Eastern States travellers are waiting to come to WA.

Page 19: WA parents penny-pinch when compared with the rest of the nation in terms of buying for children on Black Friday — but they are still expected to splurge an average of $165 per child during the shopping vent this year.

Santa Claus is turning into Scrooge this year, with a quarter of Aussies spending less on Christmas gifts for their family and friends.

Business: Chevron’s Perth-based manager of Aboriginal workplace inclusion Rishelle Hume said while the numbers have improved slightly in recent years, there was still a notable lack of diversity in the technical and professional roles.

WA Limestone and Italia Stone Group have been named preferred contractors to build WA’s longest breakwaters as part of the State Government’s $126.5 million Ocean Reef Marina project.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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