27/11/2020 - 06:54

Morning Headlines

27/11/2020 - 06:54

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Morning Headlines

Local content quota for streamers

Netflix, Stan, Amazon Prime Video, Foxtel’s Binge and Disney+ would be required to spend a proportion of local revenue on Australian content and free-to-air broadcasters could opt for a new broadcast licence that would eliminate spectrum fees, under a suite of new proposals. The Fin

Cyber security promoted to cabinet in rejig

Scott Morrison will create a cyber security role in cabinet as part of a ministerial reshuffle next month, as the Prime Minister prioritises responsibilities in line with the government’s COVID-19 economic and security commitments. The Aus

Big rises tipped for rents and property

WA rental rates and house prices will soar next year on the back of a trifecta of market factors, according to the State’s peak real estate body, but even with the increase Perth will remain the most affordable capital city to rent in. The West

Bega cooks up Aussie food champ

The diplomatic rift between Australia and China has enabled ASX-listed Bega Cheese to create a major Australia-owned food group, with a string of high-profile dairy and drinks brands like Dairy Farmers, Pura and Farmers Union to now sit alongside the famous Vegemite brand it bought in 2017. The Fin

World-first hydrogen project

Western Australia will test a world-first hydrogen-powered microgrid after a new project was approved 800km northwest of Perth. The West

They won’t all make it home for Christmas

Tens of thousands of Australians won’t make it home from COVID-19 hotspots in time for Christmas, as Prime Minister Scott Morrison blames state hotel quarantine capacity for slow progress in returning stranded expats. The Fin

Lynas refuses to risk staff in virus hot spot

Lynas Corporation boss Amanda Lacaze has warned the COVID-19 pandemic and high infection rates in the United States could delay the building of a Pentagon-backed rare earths processing plant slated to supply materials vital to the military. The Fin

80 coal ships in China stand-off

The Australian coal flotilla stuck off the Chinese coast has swollen to more than 80 ships carrying blacklisted cargo worth more than $1.1bn, prompting the Morrison government to raise concerns about “discriminatory action”. The Aus

Evolution warns of gold rethink

The global gold sector may have to rethink its production strategy as China’s influence in Africa grows and as the cost of complying with environmental, social and governance standards demanded by major investors increases, according to Evolution Mining executive chairman Jake Klein. The Aus

Corruption fighter reveals how MPs spent electorate allowance

Former Liberal MP Nigel Hallett employed his lover Bonnie Cornwall to a “sham” job within his electorate office, paying her a taxpayer-funded salary for non-existent work, the Corruption and Crime Commission has found. The West

 

 

The Australian Financial Review

Page 1: The diplomatic rift between Australia and China has enabled ASX-listed Bega Cheese to create a major Australia-owned food group, with a string of high-profile dairy and drinks brands like Dairy Farmers, Pura and Farmers Union to now sit alongside the famous Vegemite brand it bought in 2017.

Page 5: High-level talks to free Melbourne academic Kylie Moore-Gilbert involved Israel and Thailand as part of a complex prisoner swap that led to the release of three terrorists who had tried to kill Israeli diplomats.

Page 6: Labor and the superannuation industry have hit back at the Morrison government’s push to outlaw unjustified advertising and donations by funds as a cynical attempt to silence supporters of increasing the mandatory super rate to from 9.5 to 12 per cent of wages.

Netflix, Stan, Amazon Prime Video, Foxtel’s Binge and Disney+ would be required to spend a proportion of local revenue on Australian content and free-to-air broadcasters could opt for a new broadcast licence that would eliminate spectrum fees, under a suite of new proposals.

Page 8: Tens of thousands of Australians won’t make it home from COVID-19 hotspots in time for Christmas, as Prime Minister Scott Morrison blames state hotel quarantine capacity for slow progress in returning stranded expats.

Page 12: Company capital expenditure took another hit in the pre-budget September quarter, but businesses are now planning on spending an estimated $105 billion, which is up 6 per cent on the previous quarter’s forecast.

Page 13: A PwC director alleges the professional services giant breached workplace laws by refusing to grant her personal leave when she was injured and unable to work within days of the firm deciding her role was redundant.

Page 16: Diplomatic tensions are being used as a cover for an uptick in cyber attacks, according to cyber security executives, with calls to separate the challenge of protecting computer networks from being viewed wholly through a national security perspective.

Page 22: Origin Energy chief executive Frank Calabria has declared a fresh appetite to invest alongside governments and others in new plants in response to increasing government participation in the market, leading analysts to question whether returns will be forced lower as a result.

Page 24: Virgin Australia 2.0 has found its most loyal customers under threat from Qantas, which announced fast-tracked status credits that grant access to premium features such as lounges for those switching frequent flyer schemes.

Page 25: Hedge funds are eyeing Coca-Cola Amatil in the belief that European bottler Coca-Cola European Partners (CCEP) will have to lift its $9 billion offer as sharemarkets rally in the hope coronavirus vaccines become widely available early next year.

Page 28: Lynas Corporation boss Amanda Lacaze has warned the COVID-19 pandemic and high infection rates in the United States could delay the building of a Pentagon-backed rare earths processing plant slated to supply materials vital to the military.

 

 

The Australian

Page 1: The Australian coal flotilla stuck off the Chinese coast has swollen to more than 80 ships carrying blacklisted cargo worth more than $1.1bn, prompting the Morrison government to raise concerns about “discriminatory action”.

Page 4: Scott Morrison will create a cyber security role in cabinet as part of a ministerial reshuffle next month, as the Prime Minister prioritises responsibilities in line with the government’s COVID-19 economic and security commitments.

Page 5: About 30,000 more Australians stranded overseas may be able to return by the end of the year, as the number of people trying to come home doubles to nearly 37,000 in just three months.

Page 17: The global gold sector may have to rethink its production strategy as China’s influence in Africa grows and as the cost of complying with environmental, social and governance standards demanded by major investors increases, according to Evolution Mining executive chairman Jake Klein.

Page 18: Fantastic Furniture has put its initial public offering plans on hold for 2020 but may try to head to the boards next year.

Page 20: Qube has copped a first strike against its remuneration report at the logistic services provider’s annual general meeting after leading proxy firms used a grab bag of complaints, ranging from alterations to short-term bonuses to the company accepting Job-Keeper, to push for a no vote.

 

 

The West Australian

Page 7: Print advertising has been a driving force behind Harvey Norman’s recent run of bumper profit results, according to retail magnate Gerry Harvey.

Page 10: Former Liberal MP Nigel Hallett employed his lover Bonnie Cornwall to a “sham” job within his electorate office, paying her a taxpayer-funded salary for non-existent work, the Corruption and Crime Commission has found.

Page 22: WA’s most expensive and comprehensive native title deal is one step closer to implementation after clearing its final hurdle.

Western Australia will test a world-first hydrogen-powered microgrid after a new project was approved 800km northwest of Perth.

Business: WA rental rates and house prices will soar next year on the back of a trifecta of market factors, according to the State’s peak real estate body, but even with the increase Perth will remain the most affordable capital city to rent in.

WA-based fintech WeMoney is one of the sector’s newest players but is already making strides to separate itself from the industry giants.

International financier and multimillionaire, Olympian, cellist, A-list networker, president of the World Bank and Middle East peace envoy — James Wolfensohn was a modern renaissance man.

Fast-growing contractor NRW Holdings has incurred what could be a WA record third consecutive strike against its pay report while running possibly the quickest annual meeting by a top-200 company.

Prominent WA businessman Julian Walter says farm prices are “red hot” and have hit a level he is not prepared to pay as he looks to expand his farming portfolio.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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