12/07/2021 - 06:28

Morning Headlines

12/07/2021 - 06:28

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Murdoch Uni in crisis as regulator questions deficiencies

Staff at Western Australia’s Murdoch University say its chancellor should publicly outline a strategy for renewal after the federal higher education regulator put the institution on a short leash for failing to prove it could sufficiently manage deficiencies in quality and performance. The Fin

Uni cuts to hit miners, traditional owners

Mining companies in Western Australia will struggle to meet high public and legislative expectations in dealing with Indigenous groups if a plan to drop anthropology teaching at the state’s oldest university proceeds. The Aus

Key trade role goes empty

The State’s international trade and investment office in London could be left to function for weeks without an agent-general in the aftermath of an historic free trade deal being struck between Australia and Britain. The West

Business pushes for travel bubble with China, HK

Australian business leaders in Asia are alarmed at the Morrison government’s lack of a clear plan for quarantine-free travel for vaccinated expatriates and foreign students, warning it will undermine ties with regional economies. The Fin

Freight delays, price rises to hit consumers over Christmas peak

Consumers face significant delays and price hikes for imported goods ahead of the Christmas rush, as the freight industry warns tough new international arrival caps could force airlines flying cargo to consider pulling out of the Australian market. The Fin

NFF are climate hypocrites: Canavan

Senator Matt Canavan, an ally of new Nationals leader Barnaby Joyce, has accused the National Farmers’ Federation of hypocrisy for advocating no net emissions of greenhouse gases by 2050 while objecting to land-clearing rules that have helped reduce Australia’s carbon dioxide emissions. The Fin

Australia increasingly reliant on China’s iron ore demand

Escalating political tensions between Canberra and Beijing have done little to dampen the value of exports, with China accounting for more than 40 per cent of goods shipped in May, on the back of record demand for iron ore. The Fin

Branch closures accelerate among big four

The big four banks have closed or plan to close 350 branches between January 2020 and Christmas 2021 as foot traffic in once busy areas plummets and the shift to digital accelerates. The Fin

Vaccines key to recovery: OECD chief

The world economic recovery faces “serious downside risks” from any new outbreaks of more lethal Covid 19 variants, OECD secretary-general Mathias Cormann has warned. The Aus

Corrosion hits Woodside LNG plant

Woodside Petroleum has started repairing corrosion found at its North West Shelf LNG facility in Western Australia – the nation’s largest gas exporter – after the issue was discovered during Karratha Gas Plant maintenance. The Aus

 

 

The Australian Financial Review

Page 1: Sydney’s COVID-19 outbreak will get worse before it gets better, warns NSW Premier Gladys Berejiklian, after the state recorded its highest daily caseload since April last year and a woman in her nineties became the first person to die from locally acquired COVID-19 this year.

Consumers face significant delays and price hikes for imported goods ahead of the Christmas rush, as the freight industry warns tough new international arrival caps could force airlines flying cargo to consider pulling out of the Australian market.

Page 3: Senator Matt Canavan, an ally of new Nationals leader Barnaby Joyce, has accused the National Farmers’ Federation of hypocrisy for advocating no net emissions of greenhouse gases by 2050 while objecting to land-clearing rules that have helped reduce Australia’s carbon dioxide emissions.

Page 6: Australian business leaders in Asia are alarmed at the Morrison government’s lack of a clear plan for quarantine-free travel for vaccinated expatriates and foreign students, warning it will undermine ties with regional economies.

Escalating political tensions between Canberra and Beijing have done little to dampen the value of exports, with China accounting for more than 40 per cent of goods shipped in May, on the back of record demand for iron ore.

Page 8: Ships carrying supplies into Australia will be blocked from entering ports over the next two weeks as tug boat operators escalate work bans around the country.

Page 9: A third of high-income earners are paying more in tax than it would cost them to join a health fund, sparking fresh warnings the government’s ‘‘carrots and sticks’’ approach to health insurance is not working to take pressure off public hospitals.

Page 11: Finance officials representing most of the world’s leading economies have backed a global minimum corporate tax rate of 15 per cent.

Page 14: Staff at Western Australia’s Murdoch University say its chancellor should publicly outline a strategy for renewal after the federal higher education regulator put the institution on a short leash for failing to prove it could sufficiently manage deficiencies in quality and performance.

Page 17: The big four banks have closed or plan to close 350 branches between January 2020 and Christmas 2021 as foot traffic in once busy areas plummets and the shift to digital accelerates.

Page 19: Serial wine entrepreneur Dean Taylor is aiming to take friction out of the $6 billion wholesale wine sector by launching an online marketplace that directly connects producers with buyers in hotels, restaurants and liquor stores.

 

 

The Australian

Page 1: The federal government will step in to help support businesses crippled by Sydney’s extended lockdown – set to stretch for weeks as contact tracers fail to keep up with surging Covid-19 infections – as health officials expect more than 100 new cases by Monday.

Page 2: Mining companies in Western Australia will struggle to meet high public and legislative expectations in dealing with Indigenous groups if a plan to drop anthropology teaching at the state’s oldest university proceeds.

Page 6: Resources Minister Keith Pitt has been formally asked to consider capping gas exports by a major union and a leading industry group, with claims the nation’s manufacturing comeback was “in danger of being jeopardised by high gas prices”.

Page 13: The world economic recovery faces “serious downside risks” from any new outbreaks of more lethal Covid 19 variants, OECD secretary-general Mathias Cormann has warned.

Hostplus expects to lift its assets under management to $100bn this year as it enjoys “bullet-like” growth and surges past the competition with industry-leading investment returns.

Page 15: Rio Tinto’s Richards Bay mineral sands operations remain in limbo despite confident predictions by South African politicians that work could resume at the mine and processing facilities on Monday.

Page 16: Woodside Petroleum has started repairing corrosion found at its North West Shelf LNG facility in Western Australia – the nation’s largest gas exporter – after the issue was discovered during Karratha Gas Plant maintenance.

Page 18: The signed content sharing deals between the nation’s major media companies and global tech giants Facebook and Google are worth a total of about $500m, and many more companies are still yet to finalise their agreements.

 

 

The West Australian

Page 3: Fly-in, fly-out workers on mine sites should be limited to no more than 10 standard drinks each week, according to Australian Medical Association (WA) president Mark Duncan-Smith.

Page 4: Waroona is set to become the first place in the State where West Australians will be able to get vaccinated against COVID-19 at a community pharmacy.

The Prime Minister has been dealt a major blow from West Australians in the latest Newspoll, with his approval rating sinking from 37 per cent to 22 per cent in the past fortnight.

Page 10: The national teachers’ union has warned a new digital assessment tool being developed to collect students’ classroom results could threaten children’s privacy.

Business: The State’s international trade and investment office in London could be left to function for weeks without an agent-general in the aftermath of an historic free trade deal being struck between Australia and Britain.

WA mining and resources companies injected almost $122 billion into Australia’s economy in the 2019-20 financial year through direct and flow-on spending, helping create 309,000 full-time jobs during COVID-19.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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