23/04/2021 - 07:04

Morning Headlines

23/04/2021 - 07:04

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Morning Headlines

Shortage of truck drivers puts WA wheat industry through the mill

A shortage of truck and train drivers is playing havoc with wheat exports out of Western Australia as the nation’s farmers look to regain lost ground in key markets. The Fin

Bid for $3b beef deal

A major wagyu cattle operation in the Pilbara is a step closer to creating a $3 billion premium beef industry in WA’s north after it secured access to highly sought-after pastoral land in the Kimberley. The West

Woodside set to revise Scarborough’s $US11b price tag

Woodside Petroleum acting chief executive Meg O’Neill says there is enough customer appetite for new LNG supplies to support the company’s $US11 billion ($14.17 billion) Scarborough gas project in Western Australia. The Fin

China trade tension won’t hurt iron ore

Australia’s relationship with China has deteriorated to a point where it can’t get much worse, according to trade experts, but they argue the tensions will likely never impact WA’s iron ore. The West

Biden puts climate heat on Morrison

Scott Morrison is heading toward escalating the government’s carbon ambitions by the end of the year as the Biden administration warned on the eve of its global climate summit that cooperation with the White House could be hurt if Australia’s position did not shift. The Fin

PwC, EY resist disclosing staff complaints

Pressure is growing on big four consultancies PwC and EY to emulate rival Deloitte by voluntarily disclosing the number of workplace investigations conducted each year, after details of KPMG’s complaints catalogue were revealed. The Fin

Shelling out more for eggs

Shoppers could soon be paying more for their eggs, after WA’s peak egg industry body warned farmers were facing massive pressure from higher chicken feed and packaging costs. The West

Joyce hits back at Rex’s claims about Qantas

A war of words has erupted between Qantas boss Alan Joyce and Regional Express (Rex) deputy chairman John Sharp as the two airlines battle over a domestic air travel market recovering quickly from the pandemic. The Fin

Australia in slow lane for EV sales

Australia “continues to be a difficult market” for electric and hybrid vehicles, and while we could be a global leader, under current and proposed policy settings we will continue to be a “laggard”, global vehicle manufacturer Nissan says. The Aus

Woolworths joins online marketplace goldrush

Woolworths plans to more than double the range of products it sells online by launching a virtual marketplace, enabling third-party sellers such as homewares and clothing suppliers to sell through Woolworths.com.au. The Fin

 

 

The Australian Financial Review

Page 1: Scott Morrison is heading toward escalating the government’s carbon ambitions by the end of the year as the Biden administration warned on the eve of its global climate summit that cooperation with the White House could be hurt if Australia’s position did not shift.

AGL chief executive Brett Redman’s shock resignation has thrown Australia’s largest electricity retailer into turmoil, with the chairman forced to step in to manage the company’s looming demerger and find a new CEO.

Page 3: Pressure is growing on big four consultancies PwC and EY to emulate rival Deloitte by voluntarily disclosing the number of workplace investigations conducted each year, after details of KPMG’s complaints catalogue were revealed.

A shortage of truck and train drivers is playing havoc with wheat exports out of Western Australia as the nation’s farmers look to regain lost ground in key markets.

Page 8: Business investment plans for the next 12 months have risen to their highest level in 27 years while plans for the next three months are rapidly closing in on their previous peak, indicating that the recovery should continue at a strong pace for some time.

Page 9: Australia has topped a survey of 22,000 international travellers who say they believe it’s the safest destination to travel to post-pandemic, closely followed by Japan in second place.

Page 10: KPMG will give staff a one-off COVID-19 thank-you bonus worth 4 per cent of their annual salary funded by a sharp rebound in client demand.

Page 11: A war of words has erupted between Qantas boss Alan Joyce and Regional Express (Rex) deputy chairman John Sharp as the two airlines battle over a domestic air travel market recovering quickly from the pandemic.

Page 17: The actions of Greensill Capital’s former directors will be put under the spotlight by Grant Thornton after the supply chain finance group’s Australian parent was put into liquidation.

Woodside Petroleum acting chief executive Meg O’Neill says there is enough customer appetite for new LNG supplies to support the company’s $US11 billion ($14.17 billion) Scarborough gas project in Western Australia.

Page 19: Banks, insurers and superannuation funds are being asked to elevate the impact of climate change alongside traditional threats such as credit risk, underwriting risk and liquidity risk under draft guidelines released by the prudential regulator yesterday.

Aussie is making its first foray into fully digital home loans, launching a service to take on the major banks and new digital players as the $350 billion annual mortgage market shifts towards customer self-service.

Page 23: Woolworths plans to more than double the range of products it sells online by launching a virtual marketplace, enabling third-party sellers such as homewares and clothing suppliers to sell through Woolworths.com.au.

 

 

The Australian

Page 1: Scott Morrison will stare down Chinese threats to launch fresh action against Australia after the government tore up Victoria’s Belt and Road Initiative agreements with Beijing, saying he would always protect the nation’s interests and a world that “seeks a balance in favour of freedom”.

Page 3: More than 300 Department of Veterans’ Affairs employees have signed an open letter to Scott Morrison expressing their concern about a lack of staff, claiming the agency “simply doesn’t have enough workers” to deal with a growing backlog of compensation claims that has forced veterans to wait up to a year for help.

Page 6: Frontline health workers are resisting pressure to have the COVID-19 jab due to the lack of information about the “experimental” vaccines.

Page 15: The owner of Priceline, Australian Pharmaceutical Industries, has “caught a cold” after COVID-19 caused the $US500bn cosmetics market to sneeze.

Australia “continues to be a difficult market” for electric and hybrid vehicles, and while we could be a global leader, under current and proposed policy settings we will continue to be a “laggard”, global vehicle manufacturer Nissan says.

 

 

The West Australian

Page 3: Shoppers could soon be paying more for their eggs, after WA’s peak egg industry body warned farmers were facing massive pressure from higher chicken feed and packaging costs.

Page 18: Perth mums will be the first outside the US to have antenatal appointments at home and check their babies’ heartbeat themselves.

Page 22: A simple rope swing on a grass verge could soon see residents in one of Perth’s wealthiest areas slugged with monthly charges, public liability insurance and annual inspections.

Page 30: Freedom of speech in WA’s Parliament would be “profoundly” affected if it was forced to hand over the contents of devices belonging to disgraced ex-MPs to the State’s corruption watchdog.

Page 71: A taxpayer-funded emotional support dog for stressed-out public prosecutors will be paid more than a junior nurse.

Page 74: Aussie athletes returning home after the Tokyo Olympics should be allowed to quarantine together to fend off depression and post-traumatic stress disorder.

Business: Australia’s relationship with China has deteriorated to a point where it can’t get much worse, according to trade experts, but they argue the tensions will likely never impact WA’s iron ore.

A major wagyu cattle operation in the Pilbara is a step closer to creating a $3 billion premium beef industry in WA’s north after it secured access to highly sought-after pastoral land in the Kimberley.

Gold explorer Genesis Minerals will raise $11 million to advance its Ulysses project 30km south of Leonora to a development decision by the end of the year.

Shares in Chalice Mining stacked on another 8 per cent yesterday after the company pushed back the maiden resource for its Gonneville discovery on the back of a fresh batch of drilling results which yielded more mineralised intersections.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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