09/07/2021 - 06:59

Morning Headlines

09/07/2021 - 06:59

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Rio serves up 4-drink limit

Mining giant Rio Tinto has joined BHP in introducing tough new booze restrictions of four daily alcoholic drinks in the wake of sex attack allegations across remote Pilbara sites. The West

FIFO jab and vaccine ‘reset’ top the agenda

Vaccinations for fly-in, fly-out workers will be on the agenda when National Cabinet meets today, as a plan to involve big business in a “reset” of the jab program is also discussed. The West

‘Eye watering’ cost blowouts dictate NDIS reforms: Reynolds

A controversial model for independent assessments of National Disability Insurance Scheme plans will be overhauled, as the Morrison government tries to stare down a revolt from the states on major reform efforts. The Fin

Skills crisis threatens miners

The growing skills and labour crisis in Australia’s resources sector could start eating into returns in the coming earnings season, amid a growing impact on production and cost from skill shortages, analysts warn. The Aus

PM opens the Pfizer floodgates

Australia has clinched a potentially game-changing deal to triple its access to Pfizer Covid-19 vaccines to one million doses a week from July 19 as Sydney almost certainly faces another seven-day lockdown extension, with authorities struggling to contain the outbreak in the city’s southwest. The Aus

DJs on the block as suitors circle

There is speculation in the market that South Africa’s Woolworths is planning to put David Jones on the market as private equity firms such as Permira run the ruler over the retail business. The Aus

Government rejects migration-wages link

The federal government has rejected Reserve Bank governor Philip Lowe’s link between immigration and weak wages, inflaming debate over Australia’s border closure and the eventual re-entry of foreign workers. The Fin

Shopping centres spruik car park vaccine rollout

The nation’s biggest shopping centre operators have told health authorities they are ready to help accelerate the COVID-19 vaccination rollout, potentially paving the way for jabs in multi-storey car parks. The Fin

Fair Work fears deluge of harassment claims

The Fair Work Commission has warned it will be overwhelmed with claims if the Morrison government’s new anti-sexual harassment orders are introduced and has complained it has no extra funding to deal with the cases. The Fin

G20 set to get behind global minimum company tax rate

Finance ministers of the world’s 20 leading economies on Friday night are expected to endorse a historic tax agreement aimed at tackling profit shifting among digital firms and instituting a global minimum rate for big multinationals. The Aus

 

 

The Australian Financial Review

Page 1: NSW Premier Gladys Berejiklian has conceded Sydney’s lockdown may have to be extended into a fourth week, in an admission the state does not yet have its coronavirus outbreak under control after a record day of new infections.

The royal commissioner inquiring into Crown Resorts has accused the company’s executive chairman, Helen Coonan, of interference after she wrote to Victoria’s gaming minister warning of ‘‘catastrophic consequences’’ if his inquiry makes adverse findings against its Melbourne licence.

Page 2: A controversial model for independent assessments of National Disability Insurance Scheme plans will be overhauled, as the Morrison government tries to stare down a revolt from the states on major reform efforts.

Page 3: The federal government has rejected Reserve Bank governor Philip Lowe’s link between immigration and weak wages, inflaming debate over Australia’s border closure and the eventual re-entry of foreign workers.

Page 6: The nation’s biggest shopping centre operators have told health authorities they are ready to help accelerate the COVID-19 vaccination rollout, potentially paving the way for jabs in multi-storey car parks.

Page 8: Fewer than one in five Australians received a full refund on trips cancelled because of COVID-19, and in most cases the refund took between three and six months, sometimes longer, to hit their bank accounts, according to a survey by Choice consumer magazine.

Page 10: The pressure to cool the booming housing market has intensified as the growth in lending to buy a home almost doubled over the past year, and investor loans accelerated by more than 30 per cent in the past three months, ANZ’s economists warn.

Page 11: The Fair Work Commission has warned it will be overwhelmed with claims if the Morrison government’s new anti-sexual harassment orders are introduced and has complained it has no extra funding to deal with the cases.

Page 17: Seven Group has tightened its grip on Boral after cruising through the 40 per cent ownership mark and enticing more investors to consider accepting a takeover offer that the building materials company continues to reject as too cheap.

Page 18: Australian private equity firm Colinton Capital Partners has teamed up with a pair of powerful financial investors to buy into privately owned building-site safety products company, Buildsafe.

Page 22: Tapping Australia’s competitive advantage in carbon storage will be crucial to continue to attract foreign investment into the resources sector, according to Santos CEO Kevin Gallagher ahead of a targeted go-ahead in September for a carbon project in South Australia.

 

 

The Australian

Page 1: Australia has clinched a potentially game-changing deal to triple its access to Pfizer Covid-19 vaccines to one million doses a week from July 19 as Sydney almost certainly faces another seven-day lockdown extension, with authorities struggling to contain the outbreak in the city’s southwest.

Scott Morrison has been urged by the powerful Australian Workers’ Union and a leading employer group to “pull the trigger’’ on capping gas exports, as a spike in prices threatens plans to expand the nation’s manufacturing capacity.

Page 3: Attorney-General Michaelia Cash has asked her department to advise her on the merits and possible design of a body to handle complaints about federal judges.

Page 6: Finance ministers of the world’s 20 leading economies on Friday night are expected to endorse a historic tax agreement aimed at tackling profit shifting among digital firms and instituting a global minimum rate for big multinationals.

Page 14: There is speculation in the market that South Africa’s Woolworths is planning to put David Jones on the market as private equity firms such as Permira run the ruler over the retail business.

Page 16: The growing skills and labour crisis in Australia’s resources sector could start eating into returns in the coming earnings season, amid a growing impact on production and cost from skill shortages, analysts warn.

 

 

The West Australian

Page 3: Mining giant Rio Tinto has joined BHP in introducing tough new booze restrictions of four daily alcoholic drinks in the wake of sex attack allegations across remote Pilbara sites.

Page 11: Anthropology and sociology will get the chop at the University of WA under plans to slash an estimated 300 jobs to fix a $40 million structural deficit.

Page 56: Australia’s top maths group has called for a review of the national school curriculum to be put on hold after a backlash from its members.

Business: Vaccinations for fly-in, fly-out workers will be on the agenda when National Cabinet meets today, as a plan to involve big business in a “reset” of the jab program is also discussed.

Fortescue Metals Group’s Andrew Forrest continues to sign up new partners on his global quest to decarbonise the economy through a green energy revolution, this time in Brazil.

The Federal Government has been ordered to consider risks posed to young people from climate change in a looming decision on a coal mine expansion — a ruling that could set a precedent for all fossil fuel projects.

WA’s biggest table-grape grower is eyeing an expansion in the Gascoyne region after bidding for newly released land near Carnarvon.

Supermarket giant Coles has confirmed its WA stores will continue to source meat from current local suppliers, amid a proposed restructure of its instore meat operating model that will affect about 1250 staff across Australia.

WA’s mining and agricultural industries risk being ground to a halt because of worsening delays in global shipping, a Perth-based freight forwarder has warned.

Shares in fintech Cirralto jumped yesterday on the back of a new deal that is set to boost the company’s global client base.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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