06/04/2021 - 06:50

Morning Headlines

06/04/2021 - 06:50

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Morning Headlines

Iron ore’s sleeping giant awakes

The high iron ore prices that have underpinned the Australian economy and government revenue through the COVID-19-induced downturn have breathed life into one of Australia’s biggest undeveloped iron ore projects. The Fin

States set for vaccine showdown

The premiers and the federal government are set for a national cabinet showdown this week, as the states rail against Australia’s sluggish vaccine rollout and the Coalition blames the European Union for withholding critical supplies of the COVID-19 treatment. The Fin

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BHP finds toxic chemical in mining hub groundwater

BHP is facing a groundwater contamination challenge at its iron ore mines after detecting the same dangerous chemicals that have been found at Australian Defence Force sites and on Victoria’s troubled West Gate tunnel project. The Fin

Taming house prices carries economic risk

Leading market economists expect house prices to roar further this year, fuelled by low interest rates and a hot economy, but they are split on whether the record-setting price action will result in a policy clampdown that risks derailing hard-won economic gains. The Fin

Skill shortages and supply delays put the brakes on State’s family businesses growth

Skill shortages and global supply chain delays are continuing to impact on WA’s family businesses but owners say they are well positioned to keep weathering the COVID-19 storm. The West

Perth firm Aerison set to float

Perth-based engineering and construction company Aerison is the next mining services-type business gearing up for life on the public market. The Fin

The boom hurting hospitals

The inability to recruit overseas medical workers is a “point of anxiety” for Health Minister Roger Cook, who has blamed a baby boom and COVID-enforced borders for the decision by two Perth hospitals to temporarily cut back on elective surgery. The West

Virgin eyes 7-Eleven deal for Velocity

Virgin Australia’s frequent-flyer business, Velocity, wants to partner with 7-Eleven to plug the hole left by BP Australia after it jumped ship and tied up with Qantas nearly 18 months ago. The Fin

When will pupils get it write?

Teachers are being urged to drill students on their handwriting skills so their Year 12 exam answers are legible. The West

Local IPOs attract interest

Iceni Gold and Nickel X have proved investor appetite for initial public offerings in the resources sector remains strong despite several recent floats that flopped on debut. The West

 

 

The Australian Financial Review

Page 1: The premiers and the federal government are set for a national cabinet showdown this week, as the states rail against Australia’s sluggish vaccine rollout and the Coalition blames the European Union for withholding critical supplies of the COVID-19 treatment.

The high iron ore prices that have underpinned the Australian economy and government revenue through the COVID-19-induced downturn have breathed life into one of Australia’s biggest undeveloped iron ore projects.

 Microsoft’s Emily Rich says Christian Porter’s appointment as technology minister will deter some people in the sector from engaging with the government “and it should”.

Page 4: Restaurants, cafes and retailers are calling for a freeze in the minimum wage so business can fully recover from the pandemic, while the Morrison government has warned higher labour costs this year could significantly constrain small business and jobs.

Page 9: Company directors have hit back at claims from the corporate watchdog that the Coalition government’s easing of continuous disclosure laws could lead to more cases ending up in court.

Page 12: Leading market economists expect house prices to roar further this year, fuelled by low interest rates and a hot economy, but they are split on whether the record-setting price action will result in a policy clampdown that risks derailing hard-won economic gains.

Page 13: Perth-based engineering and construction company Aerison is the next mining services-type business gearing up for life on the public market.

Page 14: Virgin Australia’s frequent-flyer business, Velocity, wants to partner with 7-Eleven to plug the hole left by BP Australia after it jumped ship and tied up with Qantas nearly 18 months ago.

Page 16: BHP is facing a groundwater contamination challenge at its iron ore mines after detecting the same dangerous chemicals that have been found at Australian Defence Force sites and on Victoria’s troubled West Gate tunnel project.

Influential proxy adviser CGI Glass Lewis has backed an activist investor group in calling for Woodside Petroleum and Santos to report on how they will manage spending to align with Paris climate goals, significantly escalating pressure on the oil and gas producers to cut emissions.

Page 19: A new draft determination by the competition regulator could protect NBN Co from rivals in the residential market for at least the next five years, and possibly even after the highly anticipated privatisation of the national broadband network, a former company insider has warned.

 

 

The Australian digital edition was unavailable at time of publishing.

 

 

The West Australian

Page 3: The Morrison Government’s popularity has plummeted in WA, according to the latest Newspoll.

Page 10: Teachers are being urged to drill students on their handwriting skills so their Year 12 exam answers are legible.

Page 11: The inability to recruit overseas medical workers is a “point of anxiety” for Health Minister Roger Cook, who has blamed a baby boom and COVID-enforced borders for the decision by two Perth hospitals to temporarily cut back on elective surgery.

Mandatory vaccinations for hotel quarantine workers could be announced within days as the WA Government mulls adopting a hardline approach with reticent security guards and cleaners.

Business: One of the biggest responsible investors in the US has underlined the growing impact of environmental, social and governance issues on corporate Australia by voting against Woodside Petroleum’s board.

Skill shortages and global supply chain delays are continuing to impact on WA’s family businesses but owners say they are well positioned to keep weathering the COVID-19 storm.

Big four accounting and advisory firm KPMG has backed the idea of a vaccine passport and removing barriers to foreign workers staying in regional Australia to solve a post-pandemic labour shortage.

WA farmers are set to pocket at least $80 million in carbon credits, thanks to a new Perth-based company which rewards them for storing carbon as part of normal land improvement activities.

Iceni Gold and Nickel X have proved investor appetite for initial public offerings in the resources sector remains strong despite several recent floats that flopped on debut.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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