Woodside CEO shocker clouds AGM, projects
A CEO transition deemed ‘‘messy’’ by some observers has increased uncertainty over the future leadership of Woodside Petroleum and cast doubt on its targeted go-ahead later this year for the $16 billion Scarborough LNG project in Western Australia. The Fin
Rinehart hires Nalder as media guru
Iron ore mogul Gina Rinehart has hired former senior State Liberal politician Dean Nalder to run media and public relations for her $30 billion empire. The West
Big business 30pc tax rate ‘cuts growth’
The ‘‘high’’ 30 per cent corporate tax rate for big business should be aligned with the 25 per cent levied on smaller companies to remove a barrier for businesses to grow, the Organisation for Economic Co-operation and Development says. The Fin
Economy bigger than before the pandemic
Economic growth and employment forecasts have been revised higher as consumer sentiment hits an 11-year high and expectations of further house price growth return to their highest level since December 2013. The Fin
JobKeeper fears fade as housing engine fires up
The chairman and chief executive team of Australia’s largest residential real estate company, Ray White’s Brian and Dan White, have not only retained all employees who were on JobKeeper, they have also started hiring. The Fin
Super to rise after MPs’ push falls over
The May federal budget will set workers on a path to having 12 per cent of their annual salary put toward retirement savings — waving through an initial increase in the superannuation guarantee to 10 per cent — despite a push by backbenchers to stop the rise. The Fin
Coinbase spotlights Australia’s blockchain brain drain
Regulatory uncertainty about digital assets in Australia is forcing crypto entrepreneurs to depart for jurisdictions such as Britain, Germany and Singapore with more supportive policies on technologies that power Bitcoin and other cryptocurrencies.
Qantas nabs Virgin business clients
Qantas boss Alan Joyce says the airline has poached almost 30 corporate clients from Virgin Australia in recent months, and signalled his desire to muscle in on the key business segment targeted by the relaunched carrier. The Fin
NDIS revamp put on back-burner
New Government Services Minister Linda Reynolds will shelve plans to roll out mandatory assessments for those on the National Disability Insurance Scheme, putting on hold efforts to rein in spiralling costs by forcing participants to justify their funding arrangements. The Aus
A metal so crucial ‘it’s a security issue’
Copper is so crucial in electrifying the global economy that finding enough of it has become a US national security issue, according to mining magnate Robert Friedland.
The Australian Financial Review
Page 1: The ‘‘high’’ 30 per cent corporate tax rate for big business should be aligned with the 25 per cent levied on smaller companies to remove a barrier for businesses to grow, the Organisation for Economic Co-operation and Development says.
Page 3: Economic growth and employment forecasts have been revised higher as consumer sentiment hits an 11-year high and expectations of further house price growth return to their highest level since December 2013.
Page 12: The chairman and chief executive team of Australia’s largest residential real estate company, Ray White’s Brian and Dan White, have not only retained all employees who were on JobKeeper, they have also started hiring.
Page 16: A CEO transition deemed ‘‘messy’’ by some observers has increased uncertainty over the future leadership of Woodside Petroleum and cast doubt on its targeted go-ahead later this year for the $16 billion Scarborough LNG project in Western Australia.
Regulatory uncertainty about digital assets in Australia is forcing crypto entrepreneurs to depart for jurisdictions such as Britain, Germany and Singapore with more supportive policies on technologies that power Bitcoin and other cryptocurrencies.
Page 18: Evolution Mining chairman Jake Klein says sovereign risk in Africa and developing nations will further rise in lockstep with growing Chinese influence as rival miner Resolute won a reprieve from Ghana’s plan to strip it of a gold mine.
Page 19: Qantas boss Alan Joyce says the airline has poached almost 30 corporate clients from Virgin Australia in recent months, and signalled his desire to muscle in on the key business segment targeted by the relaunched carrier.
Page 20: CIMIC chief executive and executive chairman Juan Santamaria acknowledges that Greensill Capital’s collapse has hurt the construction group’s share price, but says it has had ‘‘no impact’’ on the company’s business.
Page 23: Galaxy Resources is increasingly unlikely to sell a stake in its Argentinian lithium project as surging prices for the battery mineral bolster confidence the company can fund the first stage of construction without external help.
The Australian
Page 1: The age of criminal responsibility will rise from 10 to 12 under a proposal gaining support among Australia’s attorneys-general, one of the most substantial justice reforms in decades.
New Government Services Minister Linda Reynolds will shelve plans to roll out mandatory assessments for those on the National Disability Insurance Scheme, putting on hold efforts to rein in spiralling costs by forcing participants to justify their funding arrangements.
Page 4: The May federal budget will set workers on a path to having 12 per cent of their annual salary put toward retirement savings — waving through an initial increase in the superannuation guarantee to 10 per cent — despite a push by backbenchers to stop the rise.
Page 13: Former Coca-Cola Amatil chief executive Terry Davis has expressed his disappointment that the $9.8bn sale of the company will see yet another local food company lose its Australian ownership with the sale of the ASX-listed company to its European associate.
Page 16: Zip Co is preparing to tap the market for more funds as it moves to take advantage of the global buy-now-pay-later boom.
The West Australian
Page 1: Scott Morrison has praised West Australians for keeping the national economy pumping during the worst of COVID and lauded WA big business for doing more than its fair share to keep workers in jobs.
Page 3: WA has recorded the highest rate of drug deaths in Australia for the third year running, a new report reveals.
Iron ore mogul Gina Rinehart has hired former senior State Liberal politician Dean Nalder to run media and public relations for her $30 billion empire.
Page 8: Australian Defence Force personnel arrived in decimated parts of the Mid West yesterday to start a mammoth clean-up mission as shattered residents were warned the coming days and weeks would be a “rollercoaster of emotions”.
Page 10: Clinical mishaps were linked to the deaths of 142 people in WA’s health system last financial year — the equal highest on record.
Business: A long delayed renewable microgrid to power Kalbarri in the event of a network outage faces another setback because of the cyclone, in a new blow to traders who were already hit by continuing blackouts before Seroja.
The two eldest children of billionaire Gina Rinehart say they need to vent fraud and dishonesty allegations in the WA Supreme Court to protect their interest in the Hope Downs iron ore mines.
Shares in St George Mining jumped 26 per cent after the explorer reported a new nickel discovery at its Mt Alexander project 50km west of Leonora.
Copper is so crucial in electrifying the global economy that finding enough of it has become a US national security issue, according to mining magnate Robert Friedland.
