Forrest blasts Santos, Woodside as ‘fossils’
Andrew Forrest has savaged multibillion investments in LNG projects in Australia and singled out the country’s two biggest players, Santos and Woodside, for criticism over their contribution to global warming on the eve of a major oil and gas conference in Perth. The Fin
Morrison to seal UK trade deal
Scott Morrison and Boris Johnson are scheduled to sign an in-principle agreement towards a free trade deal later today, as the Nationals expressed concerns the deal would exacerbate Australia’s shortage of farm labour by another 10,000 workers. The Fin
Ellison & Wyatt in crusher
Chris Ellison’s Mineral Resources is locked in a legal war with co-founder Steve Wyatt as the parties fight four battles over the unravelling of a successful relationship spanning more than two decades. The West
Honey calls Collie coal plan ‘poison’
David Honey labelled the accelerated closure of government-owned coal plants “political poison in Collie” and raised concerns about the lack of “explicit detail” on costings for the WA Liberals’ controversial green energy plan the day before it was released. The West
Qantas’ government aid to exceed $1.5b
Qantas’ share of taxpayer-funded aviation aid during the pandemic will soon reach $1.5 billion, surpassing the bailout sum its then-teetering rival, Virgin Australia, unsuccessfully sought from the government early last year. The Fin
Tax cuts create 120,000 jobs: Treasury
The combined economic clout of personal income and business tax cuts will underwrite the creation of 120,000 new jobs and become a key factor in driving down the unemployment rate to its lowest levels in more than a decade, according to Treasury analysis conducted as part of the May budget. The Aus
Industry funds warned over ‘rainy day’ levy
Industry superannuation funds are considering levying savers to build a new rainy-day fund for financial penalties for wrongdoing, which the prudential regulator has secretly warned will hurt funds’ performance ratings under new government reforms. The Fin
AMP Capital dodges vote on $1.3b fund
The independent board committee overseeing AMP Capital’s $1.3 billion Community Infrastructure Fund (CommIF) has sought to foil an attempt by three separate bidders to hijack the vehicle as the company defends a swathe of assets ahead of an ASX spinoff. The Fin
Chivalry just the tonic to solve gin dispute
As one may expect of gin enthusiasts, a name clash between two of the many boutique distilleries that have popped up out of Australia’s gin boom is being resolved cordially, discreetly and in good spirits. The Aus
PEXA to test market with $3bn listing
Property Exchange Australia has fired the starting gun on the largest initial public offering of the year, lodging the prospectus outlining a $1.175bn raising that will be seen as a test for the market following the lacklustre performance of several large floats. The Aus
The Australian Financial Review
Page 1: Scott Morrison and Boris Johnson are scheduled to sign an in-principle agreement towards a free trade deal later today, as the Nationals expressed concerns the deal would exacerbate Australia’s shortage of farm labour by another 10,000 workers.
Andrew Forrest has savaged multibillion investments in LNG projects in Australia and singled out the country’s two biggest players, Santos and Woodside, for criticism over their contribution to global warming on the eve of a major oil and gas conference in Perth.
Page 2: International Olympic Committee (IOC) vice-president John Coates says 84 per cent of Tokyo-bound athletes have been vaccinated for COVID-19 so far and other arrivals, including India’s 500-strong media contingent, are due to receive jabs before arriving for the Games that start on July 23.
Page 3: Industry superannuation funds are considering levying savers to build a new rainy-day fund for financial penalties for wrongdoing, which the prudential regulator has secretly warned will hurt funds’ performance ratings under new government reforms.
Page 4: The shift in spending towards social activities such as dining out will create stiff competition among retailers, and households will need to start dipping into their savings to keep consumption high as income growth stalls.
Page 7: Major property companies are relying on outdated mechanisms to pick up underpayments and labour abuse in their cleaning contracts, raising risks for investors, according to a new report.
Page 12: The independent board committee overseeing AMP Capital’s $1.3 billion Community Infrastructure Fund (CommIF) has sought to foil an attempt by three separate bidders to hijack the vehicle as the company defends a swathe of assets ahead of an ASX spinoff.
Page 15: Qantas’ share of taxpayer-funded aviation aid during the pandemic will soon reach $1.5 billion, surpassing the bailout sum its then-teetering rival, Virgin Australia, unsuccessfully sought from the government early last year.
Page 16: Fortescue Metals Group chairman Andrew Forrest has secured the inside running on developing the world’s largest hydro power project – which alone carries a $US80 billion ($103.8 billion) price tag – and associated port, green hydrogen and green ammonia capability in the troubled Democratic Republic of the Congo.
The Australian
Page 1: The combined economic clout of personal income and business tax cuts will underwrite the creation of 120,000 new jobs and become a key factor in driving down the unemployment rate to its lowest levels in more than a decade, according to Treasury analysis conducted as part of the May budget.
Page 2: Some of the nation’s most experienced submariners are urging the government to slash years from the delivery of the nation’s $90bn Attack-class submarines by designing the boats around the clock and dramatically reducing their construction schedule.
Page 7: WikiLeaks founder Julian Assange faces death if he’s not released soon from prison, according to his immediate family who have accused the US, UK and Australia of hypocrisy at the G7 by championing democracy and freedom.
The commonwealth is attempting to claw back a record $30m from the ringleaders of a brazen family daycare empire who allegedly rorted millions of dollars of public money by fraudulently claiming childcare benefits.
As one may expect of gin enthusiasts, a name clash between two of the many boutique distilleries that have popped up out of Australia’s gin boom is being resolved cordially, discreetly and in good spirits.
Page 13: A battle between big gas producers and users over east coast prices has escalated, with Santos warning that major international financiers are worried about government intervention, putting future investment in the industry at risk.
Property Exchange Australia has fired the starting gun on the largest initial public offering of the year, lodging the prospectus outlining a $1.175bn raising that will be seen as a test for the market following the lacklustre performance of several large floats.
Page 14: WA gold producer Gascoyne Resources is expected to emerge from a trading halt on Tuesday to announce a scrip offer for exploration junior Firefly Resources, as the once-troubled miner looks to extend its WA operations.
Page 15: Hotel giant Accor has kicked off a huge recruitment drive as it moves to rebuild a workforce hit by border closures following the pandemic.
The West Australian
Page 6: Australia’s Therapeutic Goods Administration is reviewing whether or not it needs to list another very rare blood condition as a potential side effect of the AstraZeneca COVID-19 vaccine.
Australians aged over 70 will get a letter from the Prime Minister Scott Morrison and Health Minister Greg Hunt this week urging them to get vaccinated.
Page 7: Parents of children with autism, ADHD, anxiety and other neurological and behavioural issues are unable to get appointments with public or private paediatricians in Perth, with some specialists closing their books due to huge demand and others with two-year wait lists.
Page 8: David Honey labelled the accelerated closure of government-owned coal plants “political poison in Collie” and raised concerns about the lack of “explicit detail” on costings for the WA Liberals’ controversial green energy plan the day before it was released.
Page 14: Mark McGowan has back-flipped on his pre-election support for a government inquiry into corruption within the Department of Housing during Paul Whyte’s time with the agency.
Business: Record LNG exports to China in May highlight the importance of gas in its energy transition and the ongoing strength of the sector’s trading relationship with the Asian giant, according to the head of Australia’s peak oil and gas body.
Food suppliers who service retail outlets are not subject to the State Government’s accelerated ban on single-use plastics but are making inroads to reduce their footprint.
Chris Ellison’s Mineral Resources is locked in a legal war with co-founder Steve Wyatt as the parties fight four battles over the unravelling of a successful relationship spanning more than two decades.
A WA-headquartered premium beef operation is emerging from receivership with financial backing from Melbourne-based Merricks Capital.
WA retail sales are expected to record the biggest growth nationally this financial year as Australian figures surge to a 10-year high, but economists forecast the spending will slow.
Royal Dutch Shell is believed to be reviewing its holdings in the biggest oil field in the US, a possible sale that could raise as much as $US10 billion ($13b).
