03/06/2021 - 06:56

Morning Headlines

03/06/2021 - 06:56

Bookmark

Save articles for future reference.
Morning Headlines

Rotto on quarantine list

The WA Government is investigating the feasibility of operating a quarantine zone on Rottnest Island or building a fit-for-purpose hub in Busselton or Exmouth. The West

Growth back, harder road ahead

Australia’s economy is now larger than before the coronavirus pandemic, but economists warn growth will slow as a result of Victoria’s extended lockdown, the slow vaccine rollout and closed international borders. The Fin

RBA warns on ‘revenge consumption’

The pandemic is unlikely to leave lasting economic scars, the Reserve Bank says, but the big rise in household savings over the past year increases the risk of sharply higher consumption that could cause a surge in inflation. The Fin

Wesfarmers may offer department store chain as target

Speculation is mounting that Wesfarmers could be weighing the future of Target and Officeworks from a mergers and acquisitions perspective as it fronts fund managers for its investor day on Thursday. The Aus

Sympathy but no cash for unis

Education Minister Alan Tudge has sidestepped any offer of support for the beleaguered higher education sector, which is reeling from a sharp contraction of international student enrolments, telling university leaders he is focused on the strategic medium term but not ‘‘dealing with the fiscal challenges of today’’. The Fin

Defence floating subs ‘Plan B’

Defence has revealed it is actively considering “Plan B” options for Australia’s future submarine fleet, amid rising tensions with French company Naval Group over its troubled Attack-class boats. The Aus

McGowan blames bed crisis as he puts thousands of ops on hold

Tens of thousands of West Australians awaiting elective surgeries such as hip and knee replacements or cancer screening are in limbo after Mark McGowan announced nonurgent procedures would be slashed in response to hospitals “being overrun with patients”. The West

Labor want mining equity as ScoMo eyes zero emissions

Labor will call on the mining sector to do better when it comes to gender equality — declaring the “burly bloke” era of resources is over and more women are needed for the jobs of the future. The West

Govt was warned on Pindan

The State Government was warned Pindan wasn’t paying subcontractors eight months before the construction and property group went broke. The West

 

 

The Australian Financial Review

Page 1: Australia’s economy is now larger than before the coronavirus pandemic, but economists warn growth will slow as a result of Victoria’s extended lockdown, the slow vaccine rollout and closed international borders.

Page 2: Tesla chairman Robyn Denholm says miners, manufacturers and governments must speed up ‘‘at an extremely fast pace’’ the innovation needed to transform Australia from an exporter of fossil fuels into a global new energy superpower.

Page 3: Former foreign minister Stephen Smith says criminals have picked up the technology previously used by state-sponsored groups for political purposes and are using it in ransom-ware attacks like the one on JBS Foods.

Page 5: The pandemic is unlikely to leave lasting economic scars, the Reserve Bank says, but the big rise in household savings over the past year increases the risk of sharply higher consumption that could cause a surge in inflation.

Page 6: Education Minister Alan Tudge has sidestepped any offer of support for the beleaguered higher education sector, which is reeling from a sharp contraction of international student enrolments, telling university leaders he is focused on the strategic medium term but not ‘‘dealing with the fiscal challenges of today’’.

Page 8: A chorus of business groups called for federal income support for workers hit by another week-long extension of Melbourne’s lockdown, demanding an end to political point-scoring as business reels from an expected $1.4 billion hit to the local economy.

Page 12: Surging Chinese demand for thermal coal has coincided with a raft of mine disruptions to create a global shortage of the fossil fuel, giving Australian miners a surprise boom less than a year after they were mired in a severe slump.

Page 14: Amazon’s Prime Day promotion could become as big as Black Friday in Australia as retailers piggyback on the e-commerce giant’s marketing to capture a bigger share of online sales.

Page 15: Two turbo-charged exchange traded funds operated by BetaShares would have taken out first and third place on the ranking of best performing ETFs if they had not been excluded for being too risky, and its ‘‘inverse’’ fund betting on a downturn was the year’s worst-performing product.

 

 

The Australian

Page 1: Josh Frydenberg has left the door open to providing financial support to Victorians after the fourth lockdown of more than five million Melburnians was extended by at least a week, but assistance would likely be conditional on being matched by the state government.

ABC managing director David Anderson offered a face-to-face apology to Christian Porter for a series of social media posts by two of his senior journalists in the aftermath of the defamation matter involving the public broadcaster and the former attorney-general.

Page 3: A group of mathematicians, academics and teachers have attacked proposed changes to the school maths curriculum, arguing that its adoption would hamper student learning and contribute to Australia’s educational decline.

Page 7: Defence has revealed it is actively considering “Plan B” options for Australia’s future submarine fleet, amid rising tensions with French company Naval Group over its troubled Attack-class boats.

Page 14: Speculation is mounting that Wesfarmers could be weighing the future of Target and Officeworks from a mergers and acquisitions perspective as it fronts fund managers for its investor day on Thursday.

Page 15: Hong Kong carrier Cathay Pacific will close its Australian base next month, leaving 121 pilots out of a job unless they are willing to move to the Chinese territory.

Page 16: Global energy investment is tipped to rebound this year from pandemic lows but not enough spending will be devoted to clean energy, with the world falling well short of net zero emissions goals, the International Energy Agency has warned.

The copper market could face a fresh supply shock after Rio Tinto confirmed on Wednesday its Kennecott mine in the US suffered a pit wall slippage at the weekend.

 

 

The West Australian

Page 4: The WA Government is investigating the feasibility of operating a quarantine zone on Rottnest Island or building a fit-for-purpose hub in Busselton or Exmouth.

Page 7: Tens of thousands of West Australians awaiting elective surgeries such as hip and knee replacements or cancer screening are in limbo after Mark McGowan announced non-urgent procedures would be slashed in response to hospitals “being overrun with patients”.

Page 8: The Prime Minister will meet Joe Biden, Boris Johnson and other world leaders on the sidelines of the G7 summit in the UK next week in what could be the most important security meetings for the Morrison Government.

Labor will call on the mining sector to do better when it comes to gender equality — declaring the “burly bloke” era of resources is over and more women are needed for the jobs of the future.

Page 9: Aspiring Aboriginal mining academics are eligible for a new scholarship worth up to $120,000 across three years.

Business: The State Government was warned Pindan wasn’t paying subcontractors eight months before the construction and property group went broke.

Tesla expects its spending on Australian minerals to crack $US1 billion ($1.3b) within a few years as it soaks up lithium, nickel and cobalt to meet accelerating demand for electric batteries and green vehicles.

Emirates president Sir Tim Clark is souring on Boeing’s new 777X series, an aircraft development he sponsored and once called “a peach”.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options