14/07/2021 - 06:50

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14/07/2021 - 06:50

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Miners prefer casual jobs for loading

Labour hire firms in the mining industry say less than 1 per cent of their workforces are seeking to convert from casual to permanent employment and that just as many permanent workers want to become casual because of the higher pay. The Fin

Miners are seeking more port space to cash in

Pilbara Ports Authority boss Roger Johnston has predicted elevated iron ore prices above $US200/t to last for another 18 months with the world’s number two producer Brazil continuing to underperform. The West

Virus firms, workers get $5b lifeline

Small and medium businesses in NSW will be eligible for weekly cash payments of up to $10,000, and adversely affected workers will receive between $375 and $600 a week, in an escalation of support measures the federal government says will be the new national template for lockdowns. The Fin

PayPal fights Afterpay on home turf

PayPal is switching on its ‘‘Pay in 4” instalment option for 9 million Australian customers today as it takes on buy now, pay later market leader Afterpay on its home turf. The Fin

Wesfarmers under pressure to lift API offer

Wesfarmers’ $687 million tilt for Australian Pharmaceutical Industries is less than 48 hours old but the Perth-based conglomerate already faces pressure to lift the offer, which has been described as ‘‘opportunistic’’ by investors. The Fin

Driller takes $5m haircut to end gold spat

Drilling outfit Mitchell Services has agreed to an almost 50 per cent haircut on an outstanding $10 million gold bill it says was owed by a Mark Rowsthorn-backed mining contractor. The Fin

Food delivery firms agree on code for worker safety

The heads of Australia’s four biggest food delivery platforms have signed on to a world first set of safety principles for workers in the sector. The Aus

Resources giants funded to meet emission goal

Sixteen major resources companies — including six from WA — are getting a slice of a $2 million funding boost to accelerate action towards achieving net zero emissions by 2050. The West

Aussie to go with CelGro

Perth-based regenerative medicine company Orthocell has appointed an Australian distributor for its product for bone and soft tissue repair. The West

Botsis builds on Satterley capital

Property tycoon Nigel Satterley is handing over the capital raising reins to Phil Botsis to expand his company’s national footprint and grow its investor network. The West

 

 

The Australian Financial Review

Page 1: Small and medium businesses in NSW will be eligible for weekly cash payments of up to $10,000, and adversely affected workers will receive between $375 and $600 a week, in an escalation of support measures the federal government says will be the new national template for lockdowns.

PayPal is switching on its ‘‘Pay in 4” instalment option for 9 million Australian customers today as it takes on buy now, pay later market leader Afterpay on its home turf.

Page 3: Labour hire firms in the mining industry say less than 1 per cent of their workforces are seeking to convert from casual to permanent employment and that just as many permanent workers want to become casual because of the higher pay.

Page 4: Sydney’s lockdown could extend for months, health experts warn, if the NSW government does not impose restrictions on how far individuals can travel and continues to allow nonessential retailers to open.

Page 9: Accenture has won the lucrative contract to help the federal government overhaul its ageing visa infrastructure.

Page 13: Wesfarmers’ $687 million tilt for Australian Pharmaceutical Industries is less than 48 hours old but the Perth-based conglomerate already faces pressure to lift the offer, which has been described as ‘‘opportunistic’’ by investors.

The national power market operator has set itself the goal to be able to handle 100 per cent renewable energy on the grid by 2025 to avoid having to shut off some zero-cost wind and solar generation.

Page 16: Drilling outfit Mitchell Services has agreed to an almost 50 per cent haircut on an outstanding $10 million gold bill it says was owed by a Mark Rowsthorn-backed mining contractor.

Page 17: Discount retailer Aldi plans to spend more than $1.3 billion over the next few years on technology and distribution centres to support growth, keep up with consumer demand for convenience and cut costs to reduce prices.

 

 

The Australian

Page 1: Almost one in two aviation workers is not vaccinated, according to a survey of nearly 800 cabin crew, pilots, cleaners, baggage handlers and ground workers, sparking warnings that the community is being put at risk because of the low number of vaccinated airport employees.

A West Australian government policy of refusing to lease its entertainment venues to groups with alternative views to the government has scuppered plans for a series of appearances in the state by the head of the Australian Christian Lobby.

Page 2: The Morrison government has moved to accelerate the creation of a $1bn domestic missile production project, issuing a call for industry and academic partners.

Page 13: The prolonged lockdown in Greater Sydney will prompt major banks to take a “more conservative approach” to releasing provisions for loan losses, with loss rates to increase over the next nine months.

Page 14: Dutch bank ING has left the competition to buy Citi’s $2bn Australia and New Zealand banking business, according to sources, in a move that could put National Australia Bank in the box seat to buy the unit.

Page 15: The heads of Australia’s four biggest food delivery platforms have signed on to a world first set of safety principles for workers in the sector.

Page 16: The mysterious Dubai-based buyer of CIMIC’s Middle East business has taken down its website, which had attributed to its top executives comments that were actually taken from rival publications, raising concerns over whether the deal would be completed.

Page 21: After a year’s delay the higher education regulator has re-registered Murdoch University, but only after receiving a voluntary undertaking from the university that it will address risks to education quality.

 

 

The West Australian

Page 3: Former Deputy Liberal Leader Julie Bishop pocketed an eye-watering salary, twice the size of the one she earned as Australia’s foreign minster, with collapsed financier Greensill Capital.

Page 5: Some people will wait three years for their newly built homes amid a blowout in construction times since stimulus grants were announced.

Most West Australians believe Perth property prices will continue rising, with nearly seven in 10 people surveyed expecting values to increase over the rest of the year.

Page 12: Sixteen major resources companies — including six from WA — are getting a slice of a $2 million funding boost to accelerate action towards achieving net zero emissions by 2050.

Business: Pilbara Ports Authority boss Roger Johnston has predicted elevated iron ore prices above $US200/t to last for another 18 months with the world’s number two producer Brazil continuing to underperform.

Perth-based regenerative medicine company Orthocell has appointed an Australian distributor for its product for bone and soft tissue repair.

Property tycoon Nigel Satterley is handing over the capital raising reins to Phil Botsis to expand his company’s national footprint and grow its investor network.

Slow vaccination rates, the Delta strain of the coronavirus and high debt levels paint a bleak recovery flight path for Asia-Pacific airlines, a new report warns.

Moet Hennessy and Campari Group are forming a joint venture to invest in fast-growing wine and spirits online companies as the pandemic fuels the shift to e-commerce.

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