23/12/2020 - 06:56

Morning Headlines

23/12/2020 - 06:56

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Businesses could have power to enforce ‘no jab, no party’ rule

Private businesses wanting to mandate that customers and patrons are vaccinated against COVID-19 before entering their premises will probably be entitled to do so under the law, though experts suggest it is less likely they could impose the same requirement on staff. The Fin

Forrest due for $3.8bn payday as iron ore soars

Fortescue Metals Group founder Andrew Forrest could pocket a bumper $3.8bn payday in 2021 if iron ore prices remain trading near decade highs. The Aus

Peter Wright’s heirs take on mining giant Rio Tinto over lucrative tenements

The heirs of Lang Hancock’s partner Peter Wright are fighting a new legal campaign to strengthen their hold on the multibillion-dollar Rhodes Ridge joint venture with Rio Tinto. The West

Miners fear project jam before poll

WA’s booming resources sector fears projects could be delayed if government approvals slow over the Christmas holidays and in the ensuing caretaker period leading up to the next State Election. The West

China’s coal ban takes toll on Orica

Explosives manufacturer Orica has called on the Morrison government to repair its fragile trade relationship with China after it was forced to slash supplies to Australian coalminers as Beijing’s ban continues to hit the nation’s second-biggest export industry. The Aus

Rapid antigen tests slow to catch on here

Calls are growing for Australia to follow the US and use rapid antigen tests to help control the pandemic, but local authorities are still testing the test. The Fin

Russian agents try to hack our health records

The nation’s biggest health department has been attacked by a Russian hacking offensive that has already infiltrated major companies and some of the most powerful institutions on the planet. The Aus

Online powers to silence the trolls

Australia is set to introduce the world’s first trolling take-down scheme, giving the nation’s cyber watchdog new powers to order social media platforms to remove harmful online adult abuse. The Aus

CUB taps in directly to barley farmers

The maker of Fosters and VB is brewing a plan to showcase Australian barley to more international markets after China slammed the door on Australian barley growers with punitive tariffs. The Aus

Year 12 high-flyers in State system dominate top academic awards

It has been a blistering year for public schools, with the release of the top Year 12 student awards revealing they scooped up more than half the prizes in the most prestigious awards category. The West

 

 

The Australian Financial Review

Page 4: Calls are growing for Australia to follow the US and use rapid antigen tests to help control the pandemic, but local authorities are still testing the test.

Private businesses wanting to mandate that customers and patrons are vaccinated against COVID-19 before entering their premises will probably be entitled to do so under the law, though experts suggest it is less likely they could impose the same requirement on staff.

Page 6: A planned parliamentary inquiry into the climate policies of financial institutions – which have resulted in cuts to loans and insurance to coal-related businesses – has been deferred, after a split among Coalition members.

Retail sales surged 7 per cent in November and are now 13.9 per cent higher than pre-COVID-19 levels following a strong Black Friday sales bump last month.

Page 8: Book lovers and Christmas shoppers are snapping up new titles by Australian authors, with record summer reading expected after a spike in sales during COVID-19 lockdowns.

Tennis Australia has secured a loan from the Victorian government to cover the ballooning cost of this summer’s Australian Open in Melbourne, expected to blow out to more than $140 million when it begins three weeks late on February 8.

Page 12: The European Union is geared up to start mass vaccinations against COVID-19 just after Christmas after the shot developed by Pfizer and its German partner BioNTech cleared regulatory hurdles on Monday (Tuesday AEDT).

Page 22: A boom in high-end champagne sales in the past few weeks is another symbol of robust consumer confidence in Australia as people barred from travelling overseas splash out on a small luxury.

 

 

The Australian

Page 1: Gladys Berejiklian has berated other premiers for causing unnecessary “suffering” by overreacting to the Avalon Covid cluster by slamming borders shut, ahead of a NSW cabinet meeting to decide on lifting restrictions for Sydneysiders by Christmas.

The nation’s biggest health department has been attacked by a Russian hacking offensive that has already infiltrated major companies and some of the most powerful institutions on the planet.

An Aboriginal organisation set up to manage millions of dollars worth of royalties from the Jabiru uranium mine — and that now owns stakes in some of Kakadu’s best tourism assets — has been plunged into turmoil amid a push by managers to wind it up.

Page 2: Business and industry bodies are urging the federal government to push ahead with a regulatory crackdown on litigation funders that would see an overhaul of Australia’s class action laws.

Page 3: The Vatican and its associated entities have transferred $2.3bn to Australia since 2014 without the knowledge of senior Australian Catholic Church leaders.

Restaurants are gearing up for a busy Christmas Day, with many venues fully booked or near capacity in a sign that the hospitality industry is making a Santa-inspired comeback.

Australia is set to introduce the world’s first trolling take-down scheme, giving the nation’s cyber watchdog new powers to order social media platforms to remove harmful online adult abuse.

Page 4: There is growing despair among Australians stranded overseas as hotel quarantine caps and continuing outbound travel by compatriots restricts the number of citizens able to get flights home to a trickle.

The number of tourism jobs has plunged by 113,000 this year, with more than one in seven Australians employed in the sector losing work as the twin horrors of the COVID-19 pandemic and Black Summer bushfires smashed domestic and international travel.

Page 6: Australia’s slumping fertility rate and plummeting immigration due to COVID-19 are both threatening the economy’s long term prospects and needs an immediate policy rethink, the nation’s leading demographer has warned.

Page 13: Explosives manufacturer Orica has called on the Morrison government to repair its fragile trade relationship with China after it was forced to slash supplies to Australian coalminers as Beijing’s ban continues to hit the nation’s second-biggest export industry.

The maker of Fosters and VB is brewing a plan to showcase Australian barley to more international markets after China slammed the door on Australian barley growers with punitive tariffs.

Page 16: The Myer family and Bain Capital-backed Judo Bank has revealed it has secured more than $140m from new investors in its latest capital raising, valuing the challenger neobank for small and medium-sized businesses at more than $1.6bn.

Page 19: Fortescue Metals Group founder Andrew Forrest could pocket a bumper $3.8bn payday in 2021 if iron ore prices remain trading near decade highs.

 

 

The West Australian

Page 3: A breakthrough in mammogram testing could detect women at risk of developing breast cancer years before it develops.

Page 5: Social media giants will have 24 hours to take down child sexual abuse material, revenge porn, cyber-abuse and “seriously harmful online content” or risk fines and being removed from search engines and app stores.

Page 10: A study by the University of WA has supported Mark McGowan’s stance that harsh lockdowns are the most effective strategy to stop COVID-19 outbreaks.

Page 22: It has been a blistering year for public schools, with the release of the top Year 12 student awards revealing they scooped up more than half the prizes in the most prestigious awards category.

Business: The heirs of Lang Hancock’s partner Peter Wright are fighting a new legal campaign to strengthen their hold on the multibillion-dollar Rhodes Ridge joint venture with Rio Tinto.

WA’s booming resources sector fears projects could be delayed if government approvals slow over the Christmas holidays and in the ensuing caretaker period leading up to the next State Election.

Executives in Australia and New Zealand are getting more surprise takeover proposals than ever as suitors spot bargain-hunting opportunities in pandemic-depressed valuations.

Sandfire Resources has celebrated its biggest single shipment of copper from its flagship DeGrussa mine near Meekatharra as the price of the bellwether commodity hovers near seven-year highs.

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