15/03/2021 - 06:56

Morning Headlines

15/03/2021 - 06:56

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Morning Headlines

PM shrugs off WA rout

Scott Morrison said Mark McGowan’s crushing win in Saturday’s West Australian election was a resounding endorsement of leadership during the COVID-19 crisis, indicating that his government would be similarly rewarded if it does not mess up the response from here. The Fin

WA rare earths company gets a leg-up from Canada

Little-known Vital Metals is looking to steal a march on its bigger rivals and become the next non-Chinese producer of separated rare earths materials, thanks to help from a Canadian province that is building it a downstream processing plant. The Fin

Turnbull in ploy against Cormann

Mathias Cormann’s come-from-behind victory to be elected head of the Organisation for Economic Cooperation and Development happened despite efforts by Malcolm Turnbull to discredit Mr Cormann as a worthy candidate. The Fin

Galaxy looking to grow as lithium revival recharges Mt Cattlin

Galaxy Resources chief executive Simon Hay believes the Mt Cattlin mine’s days as a cash drain are over, as rising lithium prices revive the Western Australian asset at a time when the company aims to spend close to $US400 million ($515.5 million) on US growth projects. The Fin

Follow the McGowan playbook, Albanese told

West Australian senator Glenn Sterle says federal Labor can win a majority of seats in the state if it takes a leaf from the playbook of Mark McGowan and promotes itself as being pro-mining and supportive of the China relationship. The Aus

Vaccine rollout ramps up to 6m

More than six million Australians are due to be vaccinated from next Monday under the latest phase of the national COVID-19 vaccine rollout, including two million young adults with underlying medical conditions. The Aus

Beach Energy closing in on Genesis gas project

Acquisitions are understood to remain on the agenda for Beach Energy, and the first asset it appears to be closing in on is Genesis Energy’s stake in New Zealand’s Kupe gas project. The Aus

News Corp near deal with Facebook

News Corp is on the cusp of a commercial agreement with Facebook that would see the tech giant pay the media company for use of its journalism on the digital platform. The Aus

Health funds’ virus war chest

Health funds have saved $1.8 billion because of lower demand for healthcare under COVID-19 but only one is returning the savings as a cash handout to members. The West

All in a spin over perth gin

A new gin distillery in Perth, backed and inspired by cricket legend Shane Warne, has cracked an oversaturated market as it gears up for a national rollout next month. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison said Mark McGowan’s crushing win in Saturday’s West Australian election was a resounding endorsement of leadership during the COVID-19 crisis, indicating that his government would be similarly rewarded if it does not mess up the response from here.

Mathias Cormann’s come-from-behind victory to be elected head of the Organisation for Economic Cooperation and Development happened despite efforts by Malcolm Turnbull to discredit Mr Cormann as a worthy candidate.

Australia, the United States, Japan and India are poised to build on their historic first leaders-level meeting of the Quadrilateral Security Dialogue by joining French warships in naval exercises in the Bay of Bengal next month.

Page 3: A bitter fight looms at MinterEllison over the exit pay for Annette Kimmitt with partners digging in over the prospect of a multimillion-dollar payout for the former chief executive.

Page 5: Scott Morrison will meet a delegation behind today’s women’s march on Parliament, as some of his own MPs believe he may have to back down and call an inquiry into Christian Porter if the South Australian coroner decides against an inquest.
Page 10: Big six law firm Clayton Utz underpaid some graduate lawyers by $15,000 to $30,000 once their crippling workloads were taken into account, as late nights and weekend work dragged their high salaries below what they would be paid under minimum award rates.

Page 12: China has launched a scathing attack on Australia’s human rights record in a submission to the United Nations that calls for the closure of offshore detention centres and an investigation into the behaviour of its troops overseas.

Page 15: One of the directors of Sanjeev Gupta’s global board says the group’s largest Australian business, Infrabuild, is not reliant on funding from collapsed Greensill Capital and ‘‘time will tell’’ if the rush to quickly refinance up to $6 billion for the global GFG steel and aluminium empire will be successful.

Page 18: Galaxy Resources chief executive Simon Hay believes the Mt Cattlin mine’s days as a cash drain are over, as rising lithium prices revive the Western Australian asset at a time when the company aims to spend close to $US400 million ($515.5 million) on US growth projects.

Little-known Vital Metals is looking to steal a march on its bigger rivals and become the next non-Chinese producer of separated rare earths materials, thanks to help from a Canadian province that is building it a downstream processing plant.

Page 30: Seven has secured a $5.3 million discount in its cricket rights fee, understood to be far less than it had asked for, in recognition of changes to the schedule and squad availabilities due to COVID-19.

 

 

The Australian

Page 1: The Coalition has slumped to one of its worst electoral points since it was elected in 2019, as the government reels from the ongoing fallout of the Christian Porter and Brittany Higgins sexual assault allegations and concerns over the slow rollout of the vaccine.

Page 2: More than six million Australians are due to be vaccinated from next Monday under the latest phase of the national COVID-19 vaccine rollout, including two million young adults with underlying medical conditions.

Australia must respond to the escalating COVID-19 crisis in Papua New Guinea with an urgent deployment of emergency medical and vaccination teams or risk the situation ballooning into a health and security catastrophe on our doorstep, experts say.

Page 4: West Australian senator Glenn Sterle says federal Labor can win a majority of seats in the state if it takes a leaf from the playbook of Mark McGowan and promotes itself as being pro-mining and supportive of the China relationship.

Page 5: The McGowan government’s historic election win is so comprehensive, legislation may need to be amended to help the Nationals and Liberals form a functioning opposition.

Page 6: Federal MPs and senators are pushing hard for a national cap of $50,000 on legal fees in divorce property settlements after being told of cases where lawyers costs were more than the value of the assets in family law court disputes.

Page 16: Acquisitions are understood to remain on the agenda for Beach Energy, and the first asset it appears to be closing in on is Genesis Energy’s stake in New Zealand’s Kupe gas project.

Page 17: Coles has fired its opening salvo in the supermarket promotions wars for 2021 — a new giveaway deal to focus on quality cookware.

Eftpos has undergone its first major brand change since the 1980s, with a new-look logo and fresh colours designed to support the brand’s digital transformation.

Page 22: News Corp is on the cusp of a commercial agreement with Facebook that would see the tech giant pay the media company for use of its journalism on the digital platform.

 

 

The West Australian

Page 3: The ex-wife of Attorney-General Christian Porter was among thousands of West Australians to march across the Perth CBD in protest of gender discrimination and violence yesterday.

Page 4: The WA border to NSW and Queensland remains open — for now — as health authorities in the Eastern States work to contact trace two cases at the weekend.

Page 7: Angry Liberals have turned to one of WA’s most famous political families to help it raise the WA Liberal Party from the dead.

Page 9: WA Federal Senator Dean Smith is leading calls for a “comprehensive and credible inquiry” into the WA Liberal Party as furious Liberal MPs said the wipe-out should not be blamed on COVID alone and had “been years in the making”.

Page 12: He talked tough on the hard border, taking his beef all the way to the High Court, and threatened to help dethrone the Premier — but Mark McGowan’s arch nemesis, billionaire Clive Palmer, has gone strangely quiet since Saturday’s historic win.

The May Budget will be pushed back until later this year, Mark McGowan has confirmed.

Page 17: Health funds have saved $1.8 billion because of lower demand for healthcare under COVID-19 but only one is returning the savings as a cash handout to members.

Business: The liquidators of Perth man Chris Marco’s $250 million investment scheme are eyeing a first return to burnt investors in the December half-year, but they have still to determine how the cash will be split.

A new gin distillery in Perth, backed and inspired by cricket legend Shane Warne, has cracked an oversaturated market as it gears up for a national rollout next month.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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