07/12/2020 - 06:36

Morning Headlines

07/12/2020 - 06:36

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Morning Headlines

China’s CITIC, Palmer in billion-tonne battle

China’s CITIC Limited is seeking the right to mine an additional 1 billion tonnes of iron-rich ground in Western Australia as its magnetite operations come into their own, but says billionaire Clive Palmer is standing in the way. The Fin

MACA eyes Downer mining services unit

The $281m mining services company MACA is believed to be in talks to buy Downer’s West Australian mining services operation. The Aus

$1.8b to deliver bubs hospital

The State Government has committed $1.8 billion to replace King Edward Memorial Hospital with a new maternity facility to be opened by 2029. Premier Mark McGowan made the announcement yesterday after an upward revision in WA’s forecast 2020-21 surplus from $1.2 billion to $2.2 billion. The West

Adbri seeks lime deal with Lynas after Alcoa snub

Adbri is eyeing a new lime production plant in Western Australia’s Goldfields region, just months after the loss of a long-standing contract with Alcoa sparked a big plunge in its share price. The Fin

Crackdown to cap casual jobs at one year

Employers will have to offer casuals with regular work patterns full or permanent part-time jobs after 12 months, under new measures the government says will crack down on insecure work. The Fin

Setka allies lash ‘secret deal’

The militant construction union has accused rivals within the CFMEU of crafting a secret plan with the Morrison government to break up the 144,000-member-strong super union. The Fin

Google looking at ways to cut Australians out of upgrades

Google engineers have been working on a secret project to exclude Australians from regular improvements to its search function and other services if the company does not agree with proposed laws to regulate how it deals with news publishers. The Fin

Farm production bounces back to $65b

Farmers are helping to spearhead Australia’s economic recovery as they finish harvesting a huge grain crop and, unfazed by China trade tensions, rebuild cattle herds and sheep flocks depleted during the drought. The Fin

Airlines declare class war

Virgin Australia is enticing Aussies back into travel with a new offer that rewards loyal members and gives Qantas’ frequent flyers a reason to make the switch. The West

Inclusive businesses have the competitive edge

Australian company bosses are increasingly looking beyond gender in their quest to create more diverse and inclusive workplaces, which have been found to give firms a competitive advantage. The West

 

 

The Australian Financial Review

Page 1: The militant construction union has accused rivals within the CFMEU of crafting a secret plan with the Morrison government to break up the 144,000-member-strong super union.

Employers will have to offer casuals with regular work patterns full or permanent part-time jobs after 12 months, under new measures the government says will crack down on insecure work.

Page 2: Google engineers have been working on a secret project to exclude Australians from regular improvements to its search function and other services if the company does not agree with proposed laws to regulate how it deals with news publishers.

Page 8: Farmers are helping to spearhead Australia’s economic recovery as they finish harvesting a huge grain crop and, unfazed by China trade tensions, rebuild cattle herds and sheep flocks depleted during the drought.

Page 10: China’s CITIC Limited is seeking the right to mine an additional 1 billion tonnes of iron-rich ground in Western Australia as its magnetite operations come into their own, but says billionaire Clive Palmer is standing in the way.

Page 12: Law firms are rewarding staff with free holidays and other Christmas bonuses after the sector proved to be one of the great survivors of the pandemic.

Page 16: The Australian economy’s bounce out of recession has intensified as the price of its No.1 export, iron ore, cracks $US145 a tonne, and the second biggest grain crop on record supports upgrades to growth as the sharemarket races into Christmas.

Page 18: Santos’ planned carbon capture and storage project at its Moomba gas plant has attracted interest from South Korea and Japan and raised the possibility of carbon dioxide being imported into Australia for permanent disposal at the South Australian site at world-beating low costs.

Page 20: Commonwealth Bank has squeaked out a banking licence in the Netherlands just ahead of the year-end deadline, as Australia’s banks brace for a probable no-deal Brexit in financial services at the end of this month.

Page 21: Adbri is eyeing a new lime production plant in Western Australia’s Goldfields region, just months after the loss of a long-standing contract with Alcoa sparked a big plunge in its share price.

 

 

The Australian

Page 1: Employers would avoid exposure to billions of dollars in backpay, and regular casuals get greater rights to convert to permanent employment, under proposed industrial relations changes that have been backed by business but sparked anger from the union movement.

The alcohol industry is going to war with Australia’s peak health advisory group, saying its latest push to reduce the recommended consumption of standard drinks from 12 to 10 per week has no basis in science and is a “nanny state crusade” to treat drinking like smoking.

Page 2: Tech giants Google, Facebook and Twitter have been accused of “watering down” the discredited European Union Code of Practice on Disinformation and passing it off as an Australian model.

Page 3: A war for the wallets of well-heeled business travellers has erupted, with Virgin Australia launching a counter-attack on Qantas over its plan to lure the airline’s most loyal passengers across to its frequent flyer scheme.

Page 4: Scott Morrison’s post-pandemic training reforms — aimed at getting Australians into stable jobs and plugging skills gaps across the economy — will be underpinned by new National Skills Commission data identifying the nation’s most resilient occupations and high-demand industries.

Page 5: Australia’s faith leaders are urging Scott Morrison to put the implementation of a Religious Discrimination Act at the top of his political agenda next year, warning their congregations would hold the Prime Minister to his election pledge once COVID-19 passes.

Page 6: Australia’s agricultural exports have taken a $3.5bn hit this year amid escalating trade tensions with Beijing and the COVID-19 global border closures.

Page 13: Billionaire Lex Greensill’s supply chain finance group is “carefully considering” Australia for its multi-billion-dollar sharemarket listing as it works on a pre-IPO capital raising worth up to $US600m ($800m) that could value the company at $US7bn.

Page 14: The $281m mining services company MACA is believed to be in talks to buy Downer’s West Australian mining services operation.

Page 19: The highly anticipated mandatory media bargaining code, which will govern relations between the tech platforms and the news media — and force the likes of Google and Facebook to pay news publishers for their content.

 

 

The West Australian

Page 1: The State Government has committed $1.8 billion to replace King Edward Memorial Hospital with a new maternity facility to be opened by 2029. Premier Mark McGowan made the announcement yesterday after an upward revision in WA’s forecast 2020-21 surplus from $1.2 billion to $2.2 billion.

Page 4: The Liberal and Nationals shaky relationship has hit another roadblock, with National Party leader Mia Davies declaring she will not support extended shopping hours for Perth.

Page 9: WA remains on course to resume quarantine-free travel with Victoria and NSW for the first time since April tomorrow despite an eleventh-hour border blunder in Sydney where authorities on Saturday allowed overseas travellers to board a connecting flight to Melbourne.

Page 12: Scientists hope an asteroid capsule full of space rocks, the first of its kind to be collected, will help unlock the secrets of Earth’s origins.

Business: Australian company bosses are increasingly looking beyond gender in their quest to create more diverse and inclusive workplaces, which have been found to give firms a competitive advantage.

Virgin Australia is enticing Aussies back into travel with a new offer that rewards loyal members and gives Qantasfrequent flyers a reason to make the switch.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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