17/03/2021 - 07:01

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17/03/2021 - 07:01

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WA minister says Feds did heavy lifting

Michaelia Cash has claimed that the Morrison Government did much of the COVID-19 “heavy lifting” that helped WA reach its “enviable position”, just days after the Prime Minister took credit for WA Labor’s election win. The West

Metcash to invest $375m in growth plan

Wholesaler Metcash will spend $375 million over the next three years to refurbish stores, expand e-commerce and improve its prices and range to retain the new customers it won from Coles and Woolworths during the pandemic. The Fin

WA well placed in EV charge

WA energy metals players have welcomed big investments in battery-making capacity in Europe and China, saying they are well placed to supply minerals to a surging electric vehicle market. The West

Bosses put IR heat on crossbench

Employer groups are advising business to stay clear of the enterprise bargaining system until the Morrison government’s industrial relations reforms are passed and insolvency experts have warned of massive job losses if the reforms are not supported. The Fin

McGowan weighs power and politics

Mark McGowan will face his first test over how to use the power given to his government at the weekend’s West Australian election when he decides on resources to allocate to the remnants of his political rivals. The Aus

Paladin Energy seeks $215m equity; two brokers on ticket

Uranium play Paladin Energy has put an ambitious equity recapitalisation package to potential investors, in an effort to help restart its mine in Namibia. The Fin

EU slaps carbon levy on key exports

The European Union has warned Australian steel and aluminium exports won’t escape the EU’s planned carbon border levy, but argues the tax will provide vital support for the nation’s green hydrogen and rare earths industries. The Aus

Crown to halt all political donations

Crown Resorts has imposed its own ban on political donations as royal commissions in Victoria and Western Australia are set to begin, following damning revelations in a NSW report that the gaming group facilitated money laundering at its flagship Melbourne casino. The Aus

Push for first Indigenous G-G

A campaign is building for Ken Wyatt to be installed as the next governor-general of Australia at the end of incumbent David Hurley’s term in 2024. The West

 

 

The Australian Financial Review

Page 1: Employer groups are advising business to stay clear of the enterprise bargaining system until the Morrison government’s industrial relations reforms are passed and insolvency experts have warned of massive job losses if the reforms are not supported.

Page 5: Australia won’t follow European countries pausing rollouts of the AstraZeneca COVID-19 vaccine, with federal health authorities describing the drug as safe and necessary to protect the public.

Page 7: Incoming secretary-general of the Organisation for Economic Cooperation and Development Mathias Cormann has urged caution over the adoption of carbon tariffs, saying it would be preferable if each nation made the appropriate effort as part of a multilaterally co-ordinated approach to help the globe achieve net zero emissions by 2050.

Page 8: An agreement obliging French submarine builder Naval Group to spend 60 per cent of its funding with local suppliers will be kept secret, angering the defence industry, which would like to track progress against the company’s promises.

Page 9: The Reserve Bank board has reconfirmed its commitment to maintaining record low interest rates by assuring investors it will maintain its targets on certain benchmark three-year bonds.

Page 10: The NSW regulator is mulling a month-by-month extension of Crown Resort’s NSW liquor licence at its $2.3 billion tower in Sydney’s Barangaroo beyond the April 30 expiry date, throwing the gambling giant a possible lifeline as its casino licence hangs by a thread.

Page 11: As the hybrid ‘‘work from home/office’’ model thrives post-pandemic – especially out bush, as workers choose to leave congested and overpriced capital cities – corporations are jumping on the bandwagon.

Page 12: Australia is poised to send an emergency supply of vaccines to Papua New Guinea as the country battles surging coronavirus infections that threaten to spread to northern Australia through the Torres Strait Islands.

Page 15: Credit Suisse, the Peter Greensill Family Trust and Citibank can all make claims on Greensill Capital as creditors gear up to fight over the assets of the collapsed financial group, which threatens to bring down the global steel empire of billionaire Sanjeev Gupta due to the close links between the two.

Page 16: Uranium play Paladin Energy has put an ambitious equity recapitalisation package to potential investors, in an effort to help restart its mine in Namibia.

Page 17: Wholesaler Metcash will spend $375 million over the next three years to refurbish stores, expand e-commerce and improve its prices and range to retain the new customers it won from Coles and Woolworths during the pandemic.

 

 

The Australian

Page 1: Industry superannuation fund payments to trade unions have almost doubled in five years, with the retirement savings sector handing over nearly $10m in the last financial year.

Page 2: The European Union has warned Australian steel and aluminium exports won’t escape the EU’s planned carbon border levy, but argues the tax will provide vital support for the nation’s green hydrogen and rare earths industries.

Page 4: Josh Frydenberg has told a joint Coalition partyroom meeting to “be prepared for a rough couple of months” when JobKeeper ends in two weeks, and said the government would “respond with targeted programs where appropriate”.

Page 6: Mark McGowan will face his first test over how to use the power given to his government at the weekend’s West Australian election when he decides on resources to allocate to the remnants of his political rivals.

Page 13: An accelerating economic recovery has continued to drive down the number of loans put on hold during the pandemic, as bank chief executives prepare to discuss the nation’s recovery plan with Josh Frydenberg on Wednesday.

Page 14: Speculation is mounting that global drinks giant PepsiCo is about to place its Australian snacks division on the market.

Page 15: Crown Resorts has imposed its own ban on political donations as royal commissions in Victoria and Western Australia are set to begin, following damning revelations in a NSW report that the gaming group facilitated money laundering at its flagship Melbourne casino.

 

 

The West Australian

Page 11: In a stunning 800-vote turnaround yesterday, Labor candidate Jane Kelsbie surged into an unexpected favouritism in the seat of Warren-Blackwood — plunging the future of one-time Nationals leader Terry Redman into doubt.

Page 12: Michaelia Cash has claimed that the Morrison Government did much of the COVID-19 “heavy lifting” that helped WA reach its “enviable position”, just days after the Prime Minister took credit for WA Labor’s election win.

Page 18: A campaign is building for Ken Wyatt to be installed as the next governor-general of Australia at the end of incumbent David Hurley’s term in 2024.

Business: WA energy metals players have welcomed big investments in battery-making capacity in Europe and China, saying they are well placed to supply minerals to a surging electric vehicle market.

Wesfarmers is looking close to home in a bid to avoid skills shortages on the biggest greenfield development project in its 106-year-old history.

Academics have welcomed Fortescue Metals Group’s target to become carbon neutral by 2030 but have mixed views on whether it is achievable.

Overwhelming community support and a heavily boosted online presence were critical in helping one WA small business survive the height of COVID-19.

Besieged businessman Allen Caratti will today push for a veil of secrecy to be thrown over the public questioning about his failed company Mammoth Civil Pty Ltd.

PayPal Holdings said there has been no slowdown in online shopping even as cities around the world begin to reopen.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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