31/05/2021 - 06:49

Morning Headlines

31/05/2021 - 06:49

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BHP row with workers over iron ore push

A critical shortage of railway workers has left BHP without enough train drivers to run at targeted iron ore production rates, forcing tougher rosters as labour constraints hamper Australia’s ability to seize on record iron ore prices. The Fin

‘Family’ comes first in China trade row

Jacinda Ardern has thrown her support behind Australia in its trade dispute with China on barley tariffs, in a show of unity against Beijing during Scott Morrison’s two-day trip to New Zealand. The Aus

Vaccines rushed to aged care home

The fallout from Australia’s lagging vaccination rollout deepened yesterday as an aged care worker in Melbourne’s north-west tested positive to COVID-19, plunging her workplace into lockdown as just two-thirds of its residents had received a jab. The Fin

Travel bans ‘put offshore deals on hold’

International travel bans are limiting Australia’s access to the global economy, with businesses passing over potential “job creating” deals because they can’t “get their arms around” takeover targets overseas. The Aus

Mall ‘shops zapped’ on power bills

Owners of some small and medium-sized businesses in shopping centres are urging the McGowan Government to scrap embedded site energy arrangements, claiming outdated legislation is letting commercial landlords gouge tenants on electricity prices. The West

Carbon emissions fall 5pc

Australia’s carbon emissions have fallen by more than a fifth since 2005, driven by increased uptake of solar and wind power and fewer fugitive emissions from Western Australia’s vast Gorgon gas export facility, according to government data. The Fin

Google promotes bond scam amid police probe

Google is continuing to rake in revenue by unwittingly promoting new websites that funnel investors into a complex fraud scheme that dupes consumers with fake high-yield bond prospectuses amid an ongoing police investigation into the matter. The Fin

Business wants shot at rollout

Westpac chief executive Peter King says the nation’s corporate sector is ready to step in and accelerate the Covid-19 immunisation program as the Morrison government comes under pressure for delivering mixed messages and contributing to the sluggish takeup of vaccines. The Aus

Hospital fight for medicine

A Perth hospital network is suing one of its top researchers, claiming ownership of what has been dubbed “life-changing cellular medicine”. The West

 

 

The Australian Financial Review

Page 1: Victorians under the Andrews Labor government have become poorer than all other states and territories except South Australia, after years of weak household incomes, deteriorating economic growth per person and poor productivity, a devastating new analysis by leading economist Saul Eslake reveals.

Page 3: New Zealand has backed Australia in its continuing trade dispute with China ahead of leadership talks between Prime Minister Scott Morrison and his counterpart, Jacinda Ardern.

Page 5: The fallout from Australia’s lagging vaccination rollout deepened yesterday as an aged care worker in Melbourne’s north-west tested positive to COVID-19, plunging her workplace into lockdown as just two-thirds of its residents had received a jab.

Page 6: Australia’s carbon emissions have fallen by more than a fifth since 2005, driven by increased uptake of solar and wind power and fewer fugitive emissions from Western Australia’s vast Gorgon gas export facility, according to government data.

Page 8: Tax watchdogs and Labor have asked the Morrison government to explain requirements for firms bidding to build a new platform aimed at digitising visa processing, after a change in rules from an abandoned outsourcing plan.

Page 12: A critical shortage of railway workers has left BHP without enough train drivers to run at targeted iron ore production rates, forcing tougher rosters as labour constraints hamper Australia’s ability to seize on record iron ore prices.

Page 14: New research has detected spikes in mental ill health and drug and alcohol abuse among financial advisers cut loose by AMP, as the wealth giant reveals it deployed psychologists to counsel its troubled financial planning network.

Page 16: Google is continuing to rake in revenue by unwittingly promoting new websites that funnel investors into a complex fraud scheme that dupes consumers with fake high-yield bond prospectuses amid an ongoing police investigation into the matter.

 

 

The Australian

Page 1: Jacinda Ardern has thrown her support behind Australia in its trade dispute with China on barley tariffs, in a show of unity against Beijing during Scott Morrison’s two-day trip to New Zealand.

Page 5: A Brisbane-based airline is believed to be Australia’s first employer to order all of its workers to undergo vaccination for Covid-19 or face potential disciplinary action.

Westpac chief executive Peter King says the nation’s corporate sector is ready to step in and accelerate the Covid-19 immunisation program as the Morrison government comes under pressure for delivering mixed messages and contributing to the sluggish takeup of vaccines.

Page 13: International travel bans are limiting Australia’s access to the global economy, with businesses passing over potential “job creating” deals because they can’t “get their arms around” takeover targets overseas.

Rich-lister Jack Cowin says the food industry is heading for a revolution that may radically change the Australian landscape.

Page 15: ExxonMobil’s Australian arm suffered a massive fall in annual profit and took a $555m writedown linked to its Altona refinery after a torrid year that whiplashed the nation’s oil and gas industry.

Page 16: Taiwan is pushing for a free trade agreement with Australia as it moves to reduce its exposure to China amid heightened military tensions in the region.

Page 17: Australia’s gold miners came within a whisker of snatching China’s title as the world’s biggest gold producer in the first quarter of the year, despite local gold production falling compared with the same period in 2020.

The unlikely retail partnership launched less than two years ago between upmarket department store David Jones and fuel supplier BP to sell a range of upmarket packaged and fresh food at BP service stations is to end, with David Jones to shut down its 35 co-located stores to tighten its focus on clothing and fashion.

Page 19: Free-to-air viewers will be able access a new dedicated Sky News Australia channel under a multiyear broadcast agreement that will deliver news, sport and commentary to many of the nation’s regional locations.

 

 

The West Australian

Page 4: Optus Stadium is set to host an historic Dreamtime clash between Essendon and Richmond on Saturday night after quarantine arrangements allowing the match to be moved west were finalised yesterday.

Page 5: Perth remains free of traces of COVID-19, according to the latest wastewater testing.

Page 12: Drivers caught with a mix of alcohol and drugs in their system will be charged with a tough new dual offence from July.

Business: A skills crunch gripping WA’s resource sector is not to blame for a big fall in Australia’s gold output, according to one industry expert, and will not hold the country back from challenging China as the world’s biggest producer of the precious metal.

A Perth hospital network is suing one of its top researchers, claiming ownership of what has been dubbed “life-changing cellular medicine”.

By the end of this week Australians should have a good idea of how the economy is travelling and what it may look like over the rest of the year.

Owners of some small and medium-sized businesses in shopping centres are urging the McGowan Government to scrap embedded site energy arrangements, claiming outdated legislation is letting commercial landlords gouge tenants on electricity prices.

US airlines carried the most passengers in almost 15 months on Friday, as travellers took advantage of relaxed restrictions and the growing number of coronavirus vaccinations.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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