05/01/2021 - 06:56

Morning Headlines

05/01/2021 - 06:56

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Morning Headlines

Bid to reduce reliance on Australian iron ore and open up Africa

China has drawn up a five-year strategy to reduce its reliance on imported iron ore in a move that will squeeze Australian producers and royalties and support plans to tap huge undeveloped reserves in Africa. The West

Perth’s rental crisis

WA’s rental shortage has hit crisis point, with a single twobedroom unit attracting more than 800 inquiries. The West

Telstra reveals 5G plans as it awaits innovation

Telstra says it will use every last inch of a massive mobile spectrum acquisition coming this autumn to gain an advantage in the 5G race, including through bypassing the national broadband network with fixed wireless home broadband. The Fin

Hotel quarantine clash

Western Australia has clashed with NSW over hotel quarantine limits as health authorities warn the number of returned travellers infected with the coronavirus will inevitably rise while cases surge overseas. The Fin

Winemaker takes PwC to court over tax advice

Australia’s largest professional services firm, PwC, faces allegations its tax advice was below industry standards, was not fit for purpose and was not undertaken with due care or diligence by appropriately skilled staff. The Fin

Howzat! Crowds stumped by virus rules

Tickets for the third Test at the Sydney Cricket Ground will not be sold to residents of COVID-19 ‘‘hotspots’’ under a compromise between Venues NSW and the NSW Health Department to head off criticism the match could be a public health risk. The Fin

Right visa settings key for boom in projects

The infrastructure boom is gathering pace as businesses and government absorb $300 billion of post-pandemic stimulus cash, but experts have warned unless the government gets visa settings right as borders reopen it could stall the recovery by starving major projects of skilled workers. The Fin

IAG steps up hunt for new executives

Global headhunting firm Egon Zehnder is ramping up a search to fill two key executive roles at Insurance Australia Group as the insurer navigates a tough period for COVID-19 business interruption claims. The Aus

NSW’s publicity hungry Acting Premier cut down by McGowan over quarantine whinge

Mark McGowan has labelled NSW Acting Premier John Barilaro un-Australian for saying overseas travellers who land in Sydney should be put on to connecting domestic flights to serve quarantine in their home States. The West

Spent battery waste could lift crop yields

Perth-based Lithium Australia believes the content of spent alkaline batteries could be used to grow high-yielding grain crops, while also reducing landfill. The West

 

 

The Australian Financial Review

Page 1: Preventing power blackouts is becoming more difficult as cheaper but weather-dependent renewable power increasingly replaces coal power generation, endangering the security of supply in the national electricity market.

Tickets for the third Test at the Sydney Cricket Ground will not be sold to residents of COVID-19 ‘‘hotspots’’ under a compromise between Venues NSW and the NSW Health Department to head off criticism the match could be a public health risk.

Page 2: Australia’s largest professional services firm, PwC, faces allegations its tax advice was below industry standards, was not fit for purpose and was not undertaken with due care or diligence by appropriately skilled staff.

Page 4: Western Australia has clashed with NSW over hotel quarantine limits as health authorities warn the number of returned travellers infected with the coronavirus will inevitably rise while cases surge overseas.

Page 6: The lobby group for not-for-profit superannuation funds says the Morrison government’s proposed reforms to the super sector could be gamed by unscrupulous providers and wants changes made to the legislation.

Page 8: The infrastructure boom is gathering pace as businesses and government absorb $300 billion of post-pandemic stimulus cash, but experts have warned unless the government gets visa settings right as borders reopen it could stall the recovery by starving major projects of skilled workers.

Page 13: Investors wiped close to half-a-billion dollars from the market capitalisation of Link Group yesterday after a US-based software company withdrew a $3 billion bid less than a month after it began due diligence.

Telstra says it will use every last inch of a massive mobile spectrum acquisition coming this autumn to gain an advantage in the 5G race, including through bypassing the national broadband network with fixed wireless home broadband.

Page 14: Retailers calling for leases that better reflect modern shopping habits face growing pressure from landlords to hand over a proportion of their online sales in rent.

Page 15: Industry superannuation fund Hostplus gave ME Bank a value $100 million higher than its rivals did, leaving the hospitality workers’ fund’s book valuation out of whack with all other major shareholders of the challenger lender.

 

 

The Australian

Page 1: A British judge has ruled that WikiLeaks founder Julian Assange should not be extradited to the US to face espionage charges, saying jail conditions there would be so “oppressive’’ he might take his own life.

Page 3: Crime groups behind Australia’s booming trade in ice are getting creative in how they produce the drug, using increasingly diverse sets of chemicals sourced from a wider variety of countries.

Page 5: The next federal election is likely to cost Australian taxpayers nearly $30m extra because of special anti-coronavirus measures to keep voters safe, the electoral commission has revealed.

Page 13: Anybody wanting a quieter year in 2021 is going to be left disappointed, according to competition tsar Rod Sims, who says the coronavirus pandemic, combined with the watchdog’s aggressive policy agenda, will combine for a year that should be even more action-packed than the one before it.

Page 14: Global headhunting firm Egon Zehnder is ramping up a search to fill two key executive roles at Insurance Australia Group as the insurer navigates a tough period for COVID-19 business interruption claims.

Page 15: Employee wellness apps, online gaming, insurance against cyber attacks and preparing for 6G are tipped to be among the top 10 trends of 2021, according to Telstra’s venture capital arm.

Page 16: Tesla’s news it had delivered almost half a million cars last year and signed a lithium supply deal that will buy Australian minerals has the small-cap lithium sector running hot.

 

 

The West Australian

Page 1: WA’s rental shortage has hit crisis point, with a single two-bedroom unit attracting more than 800 inquiries.

Page 4: Firefighters will be on high alert today after a horror 24 hours of bushfires destroyed homes and caused evacuations across the State.

Page 7: Fremantle Mayor Brad Pettitt wants the “tent city” set up in the port city on Boxing Day to be cleared within a week.

Page 8: Mark McGowan has labelled NSW Acting Premier John Barilaro un-Australian for saying overseas travellers who land in Sydney should be put on to connecting domestic flights to serve quarantine in their home States.

Page 11: Superstar actor Mark Wahlberg is opening his Wahlburgers restaurant in Perth’s southern suburbs as he moves his business Down Under.

Business: China has drawn up a five-year strategy to reduce its reliance on imported iron ore in a move that will squeeze Australian producers and royalties and support plans to tap huge undeveloped reserves in Africa.

Singapore’s Changi Airport, regularly voted the world’s best and a key part of the city’s psyche, is reinventing itself for the COVID era and beyond.

WA startups are making waves in mining and resources, health and fitness, climate change awareness and battery technology.

Liquidators have gained access to the family trust assets of veteran car trader Leopold Scala amid a legal wrangle over properties and prestige-brand vehicles.

Perth-based Lithium Australia believes the content of spent alkaline batteries could be used to grow high-yielding grain crops, while also reducing landfill.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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