24/06/2021 - 06:56

Morning Headlines

24/06/2021 - 06:56

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Education jackpot for local IT giants

Two rival Perth-based IT service providers have been awarded a massive State Government contract — worth at least half a billion dollars — that will create hundreds of new jobs as part of an “unprecedented” alliance. The West

Labour costs drain battery prospects

A dearth of capital, construction wages one-third higher than rival countries and a lack of university-educated specialists are among the barriers to Australia developing the world’s first serious mine-to-lithium battery industry outside China, according to a government report. The Fin

Virgin to give away business-class flights

Virgin Australia says 65 per cent of its flight crews and airport teams have been vaccinated against COVID-19, as the airline announced plans to award free tickets and frequent flyer points to passengers taking up the jab. The Fin

Wesfarmers, fund giant eye Icon

Global buyout fund Brookfield and Perth-based conglomerate Wesfarmers are believed to be among the parties lining up to consider a potential acquisition of the nation’s largest cancer care provider, Icon Group. The Aus

RBA dismisses supply chain inflation threat

The Reserve Bank of Australia has played down the prospect of global shortages of semiconductors and ships fuelling an inflation surge. The Fin

ALP to expose more data on childcare fees

Labor would force large childcare providers to publish their profit numbers, including real-time childcare fee data, so that “parents can see what their fees are funding”, says Opposition Leader Anthony Albanese. The Aus

KPMG taps rivals, banks for its new partners

KPMG’s leadership has looked beyond its own personnel to bolster its partnership, recruiting one in four of its 40 new partners from rival big four consulting firms and the major banks. The Fin

Millions of Pfizer jabs set for October rollout

Australia will receive as many as 2.3 million Covid-19 vaccine doses from Pfizer every week by the start of October, when it will phase out the use of AstraZeneca. The Aus

WA experts urge boards to address ransom risk

WA cybersecurity experts warn businesses will keep falling victim to ransomware attacks unless they treat online threats as seriously as they would physical emergencies like fires or break-ins. The West

De Grey unveils Hemi power

De Grey Mining managing director Glenn Jardine says the explorer’s monster 6.8 million ounce maiden resource for the Hemi deposit at its Mallina gold project in the Pilbara is “just the start”. The West

 

 

The Australian Financial Review

Page 1: States have shut their borders to NSW but the Prime Minister is backing Premier Gladys Berejiklian’s ‘‘common sense’’ rules to avoid a lockdown, after a birthday party in Sydney’s west sparked 10 more COVID-19 cases.

Page 3: A dearth of capital, construction wages one-third higher than rival countries and a lack of university-educated specialists are among the barriers to Australia developing the world’s first serious mine-to-lithium battery industry outside China, according to a government report.

Iron ore sales to China increased 20 per cent last month, driving Australia’s merchandise exports to a record $39.2 billion as heightened political tensions with Beijing did little to dampen demand.

Page 5: Virgin Australia says 65 per cent of its flight crews and airport teams have been vaccinated against COVID-19, as the airline announced plans to award free tickets and frequent flyer points to passengers taking up the jab.

Page 6: The federal government will try again to expand the remit of the Australian Renewable Energy Agency after Labor and the Greens joined forces to kill plans that would have allowed it to invest in other technologies such as carbon capture and storage and hydrogen production.

Australian businesses are eager to help countries around the Asia-Pacific unlock the carbon farming and capture opportunities of the region’s forests, mangroves and coral reefs, a report published today says.

Page 8: The Reserve Bank of Australia has played down the prospect of global shortages of semiconductors and ships fuelling an inflation surge.

Page 10: Total debt held by Australian governments will more than double from pre-pandemic levels to a record $2 trillion, and peak above 80 per cent of gross domestic product by 2024-25, according to global investment bank UBS.

Page 18: Sanjeev Gupta’s GFG Alliance has signed an official standstill agreement with Credit Suisse for the next six weeks that protects the Whyalla Steelworks and the Tahmoor coal operations from any further moves by the Swiss financial giant to wind them up while a separate refinancing deal moves towards completion.

Page 19: Australia’s second-wealthiest billionaire Andrew ‘Twiggy’ Forrest has hooked listed salmon farmer Huon Aquaculture, and now wants to reel a bit more in.

Page 20: Woolworths Group chief executive Brad Banducci’s key growth program – rolling out smaller-format Metro stores – has hit a COVID-19-induced snag with the grocer taking a $50 million writedown on the value of 13 locations.

Page 22: KPMG’s leadership has looked beyond its own personnel to bolster its partnership, recruiting one in four of its 40 new partners from rival big four consulting firms and the major banks.

 

 

The Australian

Page 1: Australia will receive as many as 2.3 million Covid-19 vaccine doses from Pfizer every week by the start of October, when it will phase out the use of AstraZeneca.

Page 2: Aged-care operators say the Morrison government must stump up an extra $250m-$300m a year to fund the 3 per cent pay rise of care workers or risk compromising the welfare of vulnerable older Australians.

Page 4: Labor would force large childcare providers to publish their profit numbers, including real-time childcare fee data, so that “parents can see what their fees are funding”, says Opposition Leader Anthony Albanese.

Page 5: Australians who have received one Covid-19 vaccine dose have relatively little protection against the Delta variant, with immunity only rising substantially after two doses.

Page 8: Climate change will fundamentally reshape life on Earth by 2050, even if carbon emissions are reined in, according to a landmark draft report from the UN’s climate science advisers.

Page 13: Nestle Oceania chief executive Sandra Martinez is battling inflationary pressures that are infiltrating “everywhere” across her food business, from steeper coffee and sugar prices to pricey shipping containers, and which she concedes will eventually be passed on to consumers to protect the viability of the industry.

Page 14: Global buyout fund Brookfield and Perth-based conglomerate Wesfarmers are believed to be among the parties lining up to consider a potential acquisition of the nation’s largest cancer care provider, Icon Group.

 

 

The West Australian

Page 1: Fortescue Metals Group has revealed it is assisting a police investigation into the attempted rape of a female worker at one of its Pilbara mine sites.

Page 4: Labor leader Anthony Albanese will not attend shadow cabinet in Perth next week due to the developing COVID-19 outbreak in Sydney.

Mark McGowan is urging the NSW Government to impose harsher restrictions to “crush and kill” the Bondi COVID-19 cluster, warning Premier Gladys Berejiklian’s light-touch response threatens the rest of Australia.

Page 5: Drivers who transport international flight crews in WA will undergo mandatory weekly tests in the wake of the Bondi COVID-19 cluster.

Page 10: The victims of a financial scandal sweeping the South West have called on authorities to help them end their nightmare — which has seen investments of tens of millions of dollars seemingly vanish without a trace.

Page 16: A new report from the Bankwest Curtin Economics Centre found 39 per cent of West Australians who fork out about a third of their income on rent or a mortgage suffered mental health issues as a result of the expense.

Business: Two rival Perth-based IT service providers have been awarded a massive State Government contract — worth at least half a billion dollars — that will create hundreds of new jobs as part of an “unprecedented” alliance.

The Federal Government’s decision to fast-track visas for resources-related professions has been labelled short-sighted by the head of the Motor Trade Association of WA, as new data shows a surge in job advertisements was led by demand for mechanics and auto-electricians.

WA cybersecurity experts warn businesses will keep falling victim to ransomware attacks unless they treat online threats as seriously as they would physical emergencies like fires or break-ins.

De Grey Mining managing director Glenn Jardine says the explorer’s monster 6.8 million ounce maiden resource for the Hemi deposit at its Mallina gold project in the Pilbara is “just the start”.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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