06/05/2021 - 06:53

Morning Headlines

06/05/2021 - 06:53

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Strike up the brand for Perth

Morning Headlines

Strike up the brand for Perth

Perth Lord Mayor Basil Zempilas wants to convene a forum to come up with a new brand for Perth after admitting he has no idea what our city stands for. The West

Crown probes will overlap in WA and Vic

Crown Resorts will be forced to front royal commissions in Victoria and Western Australia at the same time, as both inquiries gear up to run concurrent hearings to meet tight deadlines set by the state governments. The Fin

Tesla praises Australia’s $400b lithium opportunity

The boss of Tesla’s energy business in the Asia-Pacific region says Australia is in a prime position to make big gains from being a large supplier of lithium to a global industry projected to be worth $400 billion by 2030 as the use of lithium ion batteries accelerates. The Fin

Jobs rush to slash Covid welfare bill

The nation’s $32bn COVID welfare bill will be more than halved over the next four years and JobSeeker recipient numbers returned to pre-pandemic levels, with a rapid rebound in the jobs market to be revealed in next week’s federal budget. The Aus

Rich Lister Ellison on the road to robot truck convoys

Mineral Resources might need to attack the problem of getting iron ore to port with platoons of giant robot trucks, driven by one human in the first vehicle with a string of autonomous followers close behind as if linked by an invisible tow bar. The Fin

Indigenous backing could save Rio’s Clark

Australia’s biggest superannuation fund has voted to keep former Space Agency boss Megan Clark on the board of Rio Tinto after finding she was held in high esteem by the Indigenous groups that will shape Rio’s reputation following the Juukan Gorge scandal.

Taiwan shores up allies

Taiwan has warned it is preparing for a ‘‘final assault’’ by China as the disputed island territory called on Australia to help defend it against President Xi Jinping’s ‘‘expansionism’’, which it says threatens democracies around the world. The Fin

Infrastructure on the road to $250bn boom

Australia is in the midst of a historic infrastructure spending boom, with investment expected to reach $250bn in 2022, or the equivalent of building five National Broadband Networks in a single year, Deloitte Access Economics says. The Aus

Telstra on track to axe 2000 workers

Telstra chief financial officer Vicky Brady has reiterated that by the end of this year about 2000 of the telco’s staff will be without a job, as she declares 2021 an “inflection point for the financial performance” of the company. The Aus

WA is a State of mortgage stress

WA remains Australia’s hotspot for troubled mortgages even though pressures eased during the pandemic as many homeowners used surplus cash to pay down debt quicker. The West

 

 

The Australian Financial Review

Page 1: Taiwan has warned it is preparing for a ‘‘final assault’’ by China as the disputed island territory called on Australia to help defend it against President Xi Jinping’s ‘‘expansionism’’, which it says threatens democracies around the world.

Page 3: Australia’s biggest superannuation fund has voted to keep former Space Agency boss Megan Clark on the board of Rio Tinto after finding she was held in high esteem by the Indigenous groups that will shape Rio’s reputation following the Juukan Gorge scandal.

Page 5: Australian cricketers stranded in India who were playing in the now shut down Indian Premier League will be moved to either Sri Lanka or the Maldives after serving out isolation periods in Indian hotels following a number of COVID-19 infections across the Twenty20 league.

Page 8: Crown Resorts will be forced to front royal commissions in Victoria and Western Australia at the same time, as both inquiries gear up to run concurrent hearings to meet tight deadlines set by the state governments.

Page 15: ANZ CEO Shayne Elliott says the Australian economy is rebounding more quickly and strongly than anticipated, as he forecast a second-half pick-up in mergers and acquisitions and also set the scene for a big share buyback.

Page 17: New vehicle sales in April set a record as demand continues to rebound strongly in a further signal of an accelerating economy.

Mineral Resources might need to attack the problem of getting iron ore to port with platoons of giant robot trucks, driven by one human in the first vehicle with a string of autonomous followers close behind as if linked by an invisible tow bar.

Page 18: The boss of Tesla’s energy business in the Asia-Pacific region says Australia is in a prime position to make big gains from being a large supplier of lithium to a global industry projected to be worth $400 billion by 2030 as the use of lithium ion batteries accelerates.

Page 20: An Andrew Forrest-backed nickel miner has become ensnared in a $1 billion fraudulent trading scheme being investigated by Singapore authorities.

 

 

The Australian

Page 1: Howard Springs would be used exclusively to quarantine returned travellers from India under an overhaul of travel arrangements being considered by the federal government.

The nation’s $32bn COVID welfare bill will be more than halved over the next four years and JobSeeker recipient numbers returned to pre-pandemic levels, with a rapid rebound in the jobs market to be revealed in next week’s federal budget.

Peter Dutton is planning an intervention to ensure Australia is not left exposed by the late arrival of new French-built submarines, with fast-tracked and comprehensive rebuilds of the navy’s six Collins-class boats now seen as vital.

Page 4: Australia is in the midst of a historic infrastructure spending boom, with investment expected to reach $250bn in 2022, or the equivalent of building five National Broadband Networks in a single year, Deloitte Access Economics says.

Page 13: Wesfarmers boss Rob Scott says Bunnings will heavily resist passing on rising timber prices to customers to protect its reputation as a low-cost retailer as the national hardware chain and its stablemates such as Kmart and Target absorb pricing pressures, from timber and cotton to shipping containers.

Page 14: Perdaman Chemicals and Fertilisers is set to kick off negotiations over a debt deal for its $4.3bn urea plant at Karratha after signing a 20-year offtake agreement with Incitec Pivot for the plant’s output.

Telstra chief financial officer Vicky Brady has reiterated that by the end of this year about 2000 of the telco’s staff will be without a job, as she declares 2021 an “inflection point for the financial performance” of the company.

Page 15: Supply of critical minerals including copper, lithium and nickel from countries including Australia will need to surge over the next few decades to help industry meet the world’s climate goals amid a push for net zero emissions, the International Energy Agency said.

Australia’s biggest health insurer, Medibank, has declared its ambition to build an “at scale national short stay” hospital work, deepening its partnerships with private hospital providers in an effort to rein in spiralling out-of-pocket costs.

 

 

The West Australian

Page 3: Inquiries into scandal-hit betting whiz kid Chris Brown have moved overseas, with international investors now claiming they are among those owed huge sums of money.

Page 4: WA’s border will remain open to NSW despite the discovery of a mystery COVID-19 case in Sydney with no obvious links to any outbreaks.

Page 5: People of Perth are experiencing “mask-fatigue”, a leading University of WA academic has warned.

Page 7: Perth Lord Mayor Basil Zempilas wants to convene a forum to come up with a new brand for Perth after admitting he has no idea what our city stands for.

Page 8: Anthony Albanese will place dementia care at the centre of his economic plan.

Business: WA remains Australia’s hotspot for troubled mortgages even though pressures eased during the pandemic as many homeowners used surplus cash to pay down debt quicker.

Nearly 80 new homes were approved every day for the first three months of the year as WA’s housing construction industry roars back to life after years in the doldrums.

Skills shortages are not the only problem linked to a firing economy, with research showing WA’s strong economic growth also risks compromising workplace safety.

Millions of dollars-worth of equipment from the Forrestfield-Airport Link project will be auctioned online to a global audience over the coming months.

The biggest concern Australian boardrooms are facing is managing the rising threat of cyber attacks, a report claims.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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