21/05/2021 - 06:47

Morning Headlines

21/05/2021 - 06:47

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Morning Headlines

Alcoa uses $11m grant to test its green plan

Alcoa will look at using renewable energy to slash carbon emissions at its Wagerup plant after receiving a $11.3 million Federal Government grant. The West

$15b tonic repels COVID

WA’s booming iron ore industry contributed nearly one-fifth of total company tax paid across the whole of Australia last year — about $15 billion — keeping the nation on its feet in the face of a devastating pandemic. The West

Pindan bailout just didn’t Twig

Pindan Group pitched its struggling business to billionaire Andrew Forrest in a last-ditch attempt to sell the firm before it went under. The West

Skilled migration program needs revamp, Rich Lister says

Closed borders have led to big salary increases for in-demand technology skills in Perth but the average pay out west still lags well behind Melbourne and Sydney, according to salary data from recruitment firm Robert Half. The Fin

JobKeeper fears fail to hit jobless

Fewer people lost their jobs after JobKeeper ended than the 100,000 initially feared, helping drive unemployment to 5.5 per cent in April despite a drop in overall employment. The Fin

China trade tension a risk to economy: BHP mining boss

One of BHP’s most senior executives has warned that ongoing trade tension with China is unsustainable and represents a “risk” to the economy. The Aus

‘Dumb Ways to Die’ ads urged to boost shots

Russel Howcroft, regular panellist on the ABC’s Gruen program, wants the government to splash more money on creating a behaviour change advertising campaign to overcome COVID-19 vaccination hesitancy, but acknowledges it might be time to push a fear campaign. The Fin

‘We won’t stand in the way of crypto investing’

Labor says the Morrison government risks creating a ‘‘massive loophole for money-laundering’’ and major investor losses after Financial Services Minister Jane Hume voiced a surprisingly libertarian view of cyptocurrency markets and online financial influencers. The Fin

Bonds kicks a $500m goal with AFL legend

The US owner of Bonds says the Aussie underwear brand is now a $500m business as Richmond AFL star Dustin Martin helps it crack the youth market. The Aus

‘Change in culture is a priority’

The former boss of Princess Margaret and King Edward Memorial hospitals says an independent review to be launched in the wake of Aishwarya Aswath’s death must look into the culture at Perth Children’s Hospital. The West

 

 

The Australian Financial Review

Page 1: Fewer people lost their jobs after JobKeeper ended than the 100,000 initially feared, helping drive unemployment to 5.5 per cent in April despite a drop in overall employment.

Page 4: Technology consulting giant Accenture has ‘‘a couple of hundred’’ overseas professionals it would bring in to work immediately on active client projects, if not for COVID-19 travel and border restrictions.

Page 5: Martin Parkinson, the former head of the prime minister’s department, says Prime Minister Scott Morrison’s government has failed to invest in long-term reforms to deliver sustained economic growth as part of its $300 billion stimulus in response to COVID-19.

Property developer Nigel Satterley warns that skills shortages in resources, construction, hospitality – and even in funeral homes – are holding back the economy.

Closed borders have led to big salary increases for in-demand technology skills in Perth but the average pay out west still lags well behind Melbourne and Sydney, according to salary data from recruitment firm Robert Half.

Page 6: Russel Howcroft, regular panellist on the ABC’s Gruen program, wants the government to splash more money on creating a behaviour change advertising campaign to overcome COVID-19 vaccination hesitancy, but acknowledges it might be time to push a fear campaign.

Page 7: Federal and state governments are undermining the COVID-19 vaccination rollout by keeping borders closed and should urgently set a date for the resumption of travel, business leaders have warned.

Page 8: Qantas and Virgin have urged the Morrison government to fast-track vaccinations against coronavirus to allow international travel to resume sooner rather than later.

Page 14: Nine majority-owned real estate classifieds business Domain is warning users to look out for suspicious emails that purport to be from rental agents offering property deals after it was hit by a cyber attack.

Shadow assistant minister for cyber security Tim Watts says a mandatory reporting regime for businesses that feel they have no choice but to pay cyber criminals extorting them would help smoke out and target cryptocurrency exchanges being used to launder funds and hit ransomware groups financially.

Page 16: Labor says the Morrison government risks creating a ‘‘massive loophole for money-laundering’’ and major investor losses after Financial Services Minister Jane Hume voiced a surprisingly libertarian view of cyptocurrency markets and online financial influencers.

Page 21: Travel agents say Qantas risks losing market share in a post-pandemic flight market if it fails to offer competitive incentives to their industry.

Page 23: Beef giant AACo has reaped higher profits but has managed to keep a clamp on dividends and $6.7 million in JobKeeper subsidies.

The competition watchdog’s enforcement team is examining proxy advisory firm the Australian Council of Superannuation Investors and its owners, the industry fund sector, over concerns common ownership of assets may be infringing competition laws.

 

 

The Australian

Page 4: Health experts are urging the community to get vaccinated against influenza as the winter months approach, after authorities recorded a significant drop in people presenting for the flu jab while health concerns over COVID-19 dominate attention.

Page 7: Tourism, hospitality and accommodation industries say labour shortages are worsening and they need urgent help from the Morrison government as businesses are forced to reduce hours and the services they offer guests are diminished.

Page 13: One of BHP’s most senior executives has warned that ongoing trade tension with China is unsustainable and represents a “risk” to the economy.

Page 15: Counsel assisting the Victorian royal commission into Crown Resorts has cast doubt on the company’s decision to sever ties with junket operators, believing it could be temporary, heightening the chance of significant money-laundering risks returning to its Melbourne casino.

The US owner of Bonds says the Aussie underwear brand is now a $500m business as Richmond AFL star Dustin Martin helps it crack the youth market.

Page 16: Iluka Resources boss Tom O’Leary has flagged a major shift of strategy at the mineral sands major, as the company retreats from its disastrous investment in Sierra Leone and looks to homegrown technology for growth.

 

 

The West Australian

Page 4: Feelings of fury and betrayal bubbled over at a heated meeting at Perth Children’s Hospital yesterday, as civil war broke out between emergency department staff and senior management over a little girl’s death.

Page 5: The former boss of Princess Margaret and King Edward Memorial hospitals says an independent review to be launched in the wake of Aishwarya Aswath’s death must look into the culture at Perth Children’s Hospital.

Page 8: Some of the biggest names in business have sounded alarm bells over WA’s labour shortage, urging the Government to fast track a pathway for international skilled workers.

Page 9: Pindan Group pitched its struggling business to billionaire Andrew Forrest in a last-ditch attempt to sell the firm before it went under.

Page 24: Rottnest Island has been promised a new commercial heart, with a $40 million expansion to the Lodge to create a cultural, wellness and food and beverage centre.

Business: The top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out of the market.

WA’s booming iron ore industry contributed nearly one-fifth of total company tax paid across the whole of Australia last year — about $15 billion — keeping the nation on its feet in the face of a devastating pandemic.

Alcoa will look at using renewable energy to slash carbon emissions at its Wagerup plant after receiving a $11.3 million Federal Government grant.

A $22 million food innovation precinct being developed south of Perth is tipped to turbocharge WA’s food and beverage sector.

Australia’s biggest grain exporter has warned the major headaches in shifting grain to port will last until August, as rumours surface that demurrage has cost the State nearly $20 million.

Recently listed Dynamic Drill and Blast is about to expand its service offering with the $21.4 million acquisition of Orlando Drilling in the latest corporate move in WA’s red-hot mining services sector.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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