08/04/2021 - 06:54

Morning Headlines

08/04/2021 - 06:54

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Morning Headlines

API iron ore project faces grade hurdle

The ‘‘sleeping giant’’ of Australian iron ore would deliver a 10 per cent return on investment over the next two decades if the original $7.4 billion mine, rail and port plan were adopted, according to Wood Mackenzie analysis that warns product quality would be the project’s biggest challenge. The Fin

WA moves to clean up toxic foams

Western Australia’s resources industry is scrambling to come up with strategies to deal with contamination issues around toxic chemicals used in firefighting foams. The Fin

Exporters defy China bans

Australian exporters are defying Chinese trade bans, limiting the damage of Beijing’s punitive economic campaign by finding new markets for almost all affected products. The Aus

First roll of Crown probe dice

The $5 million royal commission into Crown Perth will begin on Monday, with the first witnesses likely to front the forensic probe next month. The West

Retailers win battle as rents reset

Retailers are winning the battle for lower rents, securing 5 to 10 per cent reductions for short-term lease renewals and 15 to 20 per cent discounts for new leases as the pandemic forces landlords to the negotiating table. The Fin

Chalice’s bull run continues

Chalice Mining was worth more than $2 billion yesterday after a share price surge by the market darling explorer this week which boosted the riches of its chairman Tim Goyder by nearly $28 million. The West

Sheep exports back on to Saudi Arabia

A trade breakthrough has cleared the way for a resumption of live sheep exports to Saudi Arabia after a 10-year hiatus sparked by an impasse over animal welfare laws. The Fin

Ending gig employment would sever jobs ‘lifeline’: Deliveroo

Deliveroo has warned it would be forced to reduce the size of its workforce if it had to engage its riders as employees with minimum conditions, after operating as a major source of jobs during the pandemic. The Fin

Travel to New Zealand will not come cheap

If you thought a trip to New Zealand, including the ski hub of Queenstown, was expensive before COVID-19, just wait for the trans-Tasman travel bubble prices. The Fin

Massive GP wait times blowout a legacy of lockdown

International border closures have exacerbated a Statewide GP shortage — blowing out waiting times at some practices to several days and increasing pressure on already busy emergency departments. The West

 

 

The Australian Financial Review

Page 1: Retailers are winning the battle for lower rents, securing 5 to 10 per cent reductions for short-term lease renewals and 15 to 20 per cent discounts for new leases as the pandemic forces landlords to the negotiating table.

Page 2: Deliveroo has warned it would be forced to reduce the size of its workforce if it had to engage its riders as employees with minimum conditions, after operating as a major source of jobs during the pandemic.

Page 5: If you thought a trip to New Zealand, including the ski hub of Queenstown, was expensive before COVID-19, just wait for the trans-Tasman travel bubble prices.

Page 6: Australia is working to shore up supplies of critical COVID-19 vaccines, with the Morrison government raising the heat on the European Union and pharmaceutical giant AstraZeneca as it seeks to head off growing criticism of the slow rollout.

Young women are the group most reluctant to take up COVID-19 vaccinations in Australia, with a new report warning the slow national rollout could drive up vaccine hesitancy.

Page 8: A trade breakthrough has cleared the way for a resumption of live sheep exports to Saudi Arabia after a 10-year hiatus sparked by an impasse over animal welfare laws.

Page 15: The ‘‘sleeping giant’’ of Australian iron ore would deliver a 10 per cent return on investment over the next two decades if the original $7.4 billion mine, rail and port plan were adopted, according to Wood Mackenzie analysis that warns product quality would be the project’s biggest challenge.

New vehicle sales rose 22 per cent in March from a year ago, in another sign of an economic rebound in Australia.

Page 17: Western Australia’s resources industry is scrambling to come up with strategies to deal with contamination issues around toxic chemicals used in firefighting foams.

Rio Tinto’s plan to make lithium treasure from the trash at its Californian borates mine is gathering pace – the miner is studying an expansion to a scale that would generate annual revenues of more than $US60 million ($79 million) at current commodity prices.

 

 

The Australian

Page 1: Australian exporters are defying Chinese trade bans, limiting the damage of Beijing’s punitive economic campaign by finding new markets for almost all affected products.

Page 3: Australia Post’s chair Lucio Di Bartolomeo has hit back at former chief executive Christine Holgate’s claims that he lied to the Senate and unlawfully stood her down over gifting Cartier watches to four senior executives.

Page 4: Australia’s public debt is on track to rise by more than any other developed nation over the three years to 2022, according to the International Monetary Fund’s latest global debt outlook that weighs the impact of a combined $US16 trillion ($20.9 trillion) in pandemic budget support.

Page 5: Tropical Cyclone Seroja and another tropical low off the coast of Western Australia are expected to bring heavy rain, strong winds and dangerous surf to the state’s north this weekend.

Page 13: The Financial Stability Board has announced a significant step in its plan to mitigate the effects of climate change, revealing it will develop a co-ordinated, forward-looking road map for the G20 to address climate-related financial risk.

Page 14: Talk persists in the market that retail giant Cotton On is considering an initial public offering, with some expecting a deal to happen as early as next year.

Page 15: Qantas has added more flights across the Tasman to its schedule in response to the demand for seats and Virgin Australia’s surprise decision to postpone the resumption of services to New Zealand.

Page 16: Julie Bishop arranged a meeting for Lex Greensill to pitch his wages on demand service to former Finance Minister Mathias Cormann despite not being a registered lobbyist at the time, The Australian can reveal.

 

 

The West Australian

Page 3: The $5 million royal commission into Crown Perth will begin on Monday, with the first witnesses likely to front the forensic probe next month.

Page 5: International border closures have exacerbated a Statewide GP shortage — blowing out waiting times at some practices to several days and increasing pressure on already busy emergency departments.

Page 6: The housing crisis in one of WA’s biggest regional centres is so bad that young families are having to pitch tents in their relatives’ backyards or squeeze into overcrowded homes with their parents.

Page 10: Resources Minister Keith Pitt has cancelled his planned trip to WA next week.

Business: Treasurer Josh Frydenberg has held talks with the Reserve Bank of Australia and the prudential regulator over what is becoming a hot property market but believes they are comfortable with the present situation.

The owners of a WA blue-collar employment service will emerge with half of listed rival GO2 People under a $13 million reverse buy-in struck yesterday.

Chalice Mining was worth more than $2 billion yesterday after a share price surge by the market darling explorer this week which boosted the riches of its chairman Tim Goyder by nearly $28 million.

Ramelius Resources has posted lower than expected March quarter production after revealing a seven-day outage at its Edna May processing plant.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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