09/12/2020 - 06:56

Morning Headlines

09/12/2020 - 06:56

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Trade bans spread to lamb exporters.

Morning Headlines

Trade bans spread to lamb exporters

Chinese trade sanctions have spread to lamb, with two of Australia’s biggest exporters effectively banned from the industry’s largest market. The Fin

Scientists slam Murdoch STEM plan

Two leading science professional bodies have called on Murdoch University to reconsider its controversial plan to stop offering degrees in maths, physics and chemistry. The Aus

Eight-year pay deals

Workers will not be able to negotiate new pay deals within eight years of the start of mega resources projects under an historic industrial relations overhaul to be put to Federal Parliament today. The West

Labor snubs job-saving IR reboot

The labour movement has vowed to fight the government’s move to give distressed businesses extra latitude to negotiate workplace agreements which do not comply with the no-worse-off test that underpins the enterprise bargaining system. The Fin

Outgoing Woodside boss expects an orderly management transition

Woodside Petroleum insists its management handover next year will not alter its strategic direction, despite growing global pressure on oil and gas companies to slash fossil fuel production to slow climate change. The West

Nine opposes concession to tech giants

Australia’s largest media company, Nine, says concessions made to Facebook and Google in legislation to force the digital giants to pay for the value of journalism on their platforms further entrench their monopoly powers and the disparity in regulation between technology and media. The Fin

Real test awaits households when support dwindles

Australian households have been spared the worst of COVID-19’s economic fallout, as record federal government spending has kept income and inequality levels largely stable throughout 2020. The Fin

AusSuper bids $5.1b for clean energy investor

AustralianSuper has launched a $NZ5.4 billion ($5.1 billion) takeover bid for Infratil, a day after the listed New Zealand energy and transport infrastructure company put its majority stake in wind farm owner Tilt Renewables under review. The Fin

Unis slow to sign code of freedom

Only nine of the nation’s 42 universities have fully embraced a model code to protect free speech on campus, as a major government review pushes vice-chancellors to lead on promoting and safeguarding academic freedom. The Aus

Virgin slashes 737 MAX order

Virgin Australia has slashed its order of Boeing 737 MAX aircraft from 48 to 25 and delayed the first delivery by two years, in a move that will save the airline billions of dollars. The Aus

 

 

The Australian Financial Review

Page 1: The labour movement has vowed to fight the government’s move to give distressed businesses extra latitude to negotiate workplace agreements which do not comply with the no-worse-off test that underpins the enterprise bargaining system.

Australia’s largest media company, Nine, says concessions made to Facebook and Google in legislation to force the digital giants to pay for the value of journalism on their platforms further entrench their monopoly powers and the disparity in regulation between technology and media.

Page 6: Scott Morrison could announce plans to dump the use of Kyoto carry-over credits as early as Friday night in an address to Pacific leaders, if he is ultimately denied the opportunity to speak a day later at a global climate summit being hosted by his British counterpart Boris Johnson.

Growth in the supply of money in Australia has risen 12.3 per cent to hit a decade high of $2.4 trillion, sparking debate over who is controlling it and in what form.

Page 10: Australian households have been spared the worst of COVID-19’s economic fallout, as record federal government spending has kept income and inequality levels largely stable throughout 2020.

Page 12: Chinese trade sanctions have spread to lamb, with two of Australia’s biggest exporters effectively banned from the industry’s largest market.

Page 14: A veteran of the 1998 waterfront industrial relations dispute will lead the charge for the Transport Workers’ Union as it tests Qantas’ decision to outsource thousands of ground handling staff in the Federal Court.

Page 15: Small business ombudsman Kate Carnell is urging the government to intervene in what she called a ‘‘failing’’ insurance market, saying many insurers had stopped selling natural catastrophe cover to small businesses.

A new national digital identity system to enable a single login to government and e-commerce websites is set to overtake traditional paper identity documents such as passports and drivers’ licences.

Page 18: AustralianSuper has launched a $NZ5.4 billion ($5.1 billion) takeover bid for Infratil, a day after the listed New Zealand energy and transport infrastructure company put its majority stake in wind farm owner Tilt Renewables under review.

Page 19: IGO Ltd will get its hands on a highly strategic lithium plant as part of its planned acquisition of a stake in the Greenbushes lithium mine.

Page 21: Childcare giant G8 Education thinks it could owe up to $60 million in unpaid wages to as many as 27,000 staff.

Page 23: The corporate regulator has quietly updated advice on its MoneySmart website relating to the amount of money Australians will need in retirement after concerns were raised about the site’s carriage of a heavily criticised estimate modelled by the superannuation sector’s lobby group.

 

 

The Australian

Page 1: Trade Minister Simon Birmingham has accused Beijing of undermining the “letter and spirit” of the China-Australia free trade agreement and its obligations under World Trade Organisation rules, amid a surge of targeted sanctions against Australian exports.

Page 2: Only nine of the nation’s 42 universities have fully embraced a model code to protect free speech on campus, as a major government review pushes vice-chancellors to lead on promoting and safeguarding academic freedom.

Australia has edged up the global rankings in mathematics and science but concerns remain for up to a third of students who lack basic subject knowledge.

Page 5: Laws clearing the way for the break-up of the CFMEU could be passed this week, allowing the union’s mining and energy division to split in months and leaving the militant construction division increasingly isolated.

Page 8: Boris Johnson is to fly to Brussels for an eleventh-hour summit this week after two days of talks about a post-Brexit trade pact failed to make any further progress in reaching a deal.

Page 13: ANZ, Citigroup, Deutsche Bank and six current and former executives have separately lodged “not guilty” pleas in a landmark criminal cartel case and will stand trial in the Federal Court.

Page 15: Virgin Australia has slashed its order of Boeing 737 MAX aircraft from 48 to 25 and delayed the first delivery by two years, in a move that will save the airline billions of dollars.

Page 16: NBN Co has kicked off a three-year, $200m digital transformation program, greatly simplifying its tech stack in a bid to better resolve customer issues and hold onto tech talent, as the company moves on from the “build” phase of its project.

Page 21: Two leading science professional bodies have called on Murdoch University to reconsider its controversial plan to stop offering degrees in maths, physics and chemistry.

 

 

The West Australian

Page 1: Workers will not be able to negotiate new pay deals within eight years of the start of mega resources projects under an historic industrial relations overhaul to be put to Federal Parliament today.

Page 4: A 90-year-old British grandmother wearing a Merry Christmas T-shirt yesterday received the world’s first clinically approved coronavirus jab.

The first of two plane loads of Vanuatu seasonal workers will arrive in Perth within weeks to help ensure there’s enough fruit and vegetables on supermarket shelves for Christmas.

Page 5: Australia has extended its ban on cruise ships by another three months, concerned the risk of coronavirus is still too high.

Page 8: Australia once rode on the sheep’s back, now a new generation of young men are hoping shearing it will be the backbone of a lasting career.

Page 14: China has banned imports from another Australian beef supplier as Beijing’s trade war with Australia continues to escalate.

Page 24: Tensions are running hot along the coast from Cottesloe to Trigg as two high-rise apartment blocks on the beachfront seek the green light from planning authorities.

Business: Woodside Petroleum insists its management handover next year will not alter its strategic direction, despite growing global pressure on oil and gas companies to slash fossil fuel production to slow climate change.

The former Australian heads of Citigroup and Deutsche Bank are among six bankers who will stand trial on cartel-activity charges over a share sale by an Australian bank in 2015.

Perth-based internet services provider Pentanet is rattling the tin for $22.5 million to expand the footprint of its fixed-wireless network.

Gas pipeline operator APA has begun incorporating renewable energy into its power offering with a $38 million hybrid microgrid project at the Gruyere gold project 200km east of Laverton.

WA continues to lead the nation with its COVID-19 recovery with new data revealing that local companies are enjoying the country’s best business conditions.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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