19/07/2021 - 06:59

Morning Headlines

19/07/2021 - 06:59

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Banks throw lifeline to customers

Commonwealth Bank has led a rapid series of moves by Australia’s biggest banks to help customers affected by tougher lockdowns, including free overdrafts for small businesses, targeted home loan deferrals and extending a promise not to evict customers from their homes. The Fin

Chevron misses its Gorgon CO2 target

Energy giant Chevron has failed to meet a five-year target for burying enough carbon for its $US54bn ($73bn) Gorgon LNG project, prompting the West Australian government to demand a meeting over how it will fill the shortfall. The Aus

Investors in line for windfall

Pilbara iron ore is expected to drive a $25 billion windfall to shareholders as the upcoming reporting season propels the industry to what could prove the peak of its profit powers. The West

Crown owner calls for high roller overhaul

A Crown Resorts investor has called for ‘‘urgent’’ national regulation of high-roller gamblers and junkets to stamp out money laundering and criminal infiltration of Australia’s casinos, saying the current disparate state and federal regulations pose a risk to investors. The Fin

Deliveroo in bid to overturn ruling

Deliveroo will seek on Monday to overturn a Fair Work ruling that one of its riders was an employee and not an independent contractor, in proceedings with significant implications for the gig economy. The Aus

State forced to review Taiwan hire ban

Taiwan has urged the government of Western Australian to abandon the policy that effectively bars performers with links to the country from venues across the state. The Aus

SMEs squirrel away cash in crisis: ANZ

Businesses are “socking away” cash at “unprecedented levels” as they become more cautious over ongoing Covid-19 lockdowns, ANZ chief executive Shayne Elliott says, drawing parallels to how the Great Depression “scarred people for life”. The Aus

Huge sell-off a home goal

Hundreds of State-owned houses have been sold off by the McGowan Government despite more than 17,000 struggling families queuing for government housing. The West

Push to increase use of AI

Artificial intelligence has zoomed into the limelight with its futuristic-like tech capabilities, but Perth startup Isolabs says Australia is quickly falling behind the global adoption rate. The West

 

 

The Australian Financial Review

Page 1: Alarmed business leaders have successfully pushed the NSW government to keep open western Sydney’s vital supply chain and distribution hubs, even as tougher lockdown measures threaten to derail a construction boom and induce a double-dip downturn.

Commonwealth Bank has led a rapid series of moves by Australia’s biggest banks to help customers affected by tougher lockdowns, including free overdrafts for small businesses, targeted home loan deferrals and extending a promise not to evict customers from their homes.

Page 3: A Crown Resorts investor has called for ‘‘urgent’’ national regulation of high-roller gamblers and junkets to stamp out money laundering and criminal infiltration of Australia’s casinos, saying the current disparate state and federal regulations pose a risk to investors.

Page 6: University of NSW epidemiologist Marylouise McLaws says Sydney’s COVID-19 outbreak could be gradually coming under control after a fall in the number of cases who have spent time in the community while infectious.

Page 7: Australian companies will largely put off significant offshore expansion plans while international borders remain shut, business leaders have warned.

Page 8: Ellume founder and chief executive Sean Parsons, who is delivering millions of over-the-counter home COVID-19 tests to the United States, says federal Health Minister Greg Hunt should clear the way for the tests to be sold in Australia.

Page 9: Eight out of 10 Australians trust their employer, while barely half trust the government, adding weight to the argument that business is best placed to help speed up the stuttering vaccine rollout.

Page 10: Cajoling Australians to drive less and walk or cycle won’t be enough to get the nation’s vehicle emissions to net zero by 2050, according to a Grattan Institute report that calls for an effective end to internal combustion engine sales within 14 years.

Page 15: Commonwealth Bank of Australia has led a rapid series of moves by Australia’s biggest banks to support customers as strict measures to contain the delta outbreak threaten to derail economic recovery.

Page 16: ASX-listed battery minerals play Jervois Mining is seeking to land an ambitious one-two knockout punch via an acquisition and associated capital raising to help fund it.

Page 18: Private equity giant KKR is poised to make an additional investment into Australian cancer care provider GenesisCare, which is offering new a precision medicine test for women diagnosed with early-stage breast cancer, enabling better-informed care decisions.

Page 19: Greensill Capital used its own algorithms to identify patterns and forecast expected financial performance when it lent money because the data provided by clients and rating agencies was so ‘‘voluminous,’’ founder Lex Greensill has told a UK parliamentary committee.

 

 

The Australian

Page 1: The federal Coalition has slumped to its lowest electoral position this term amid Covid lockdowns in two states and growing community frustration over the vaccine rollout, with voters losing confidence in Scott Morrison’s management of the pandemic.

Page 2: Deliveroo will seek on Monday to overturn a Fair Work ruling that one of its riders was an employee and not an independent contractor, in proceedings with significant implications for the gig economy.

Page 3: Taiwan has urged the government of Western Australian to abandon the policy that effectively bars performers with links to the country from venues across the state.

Page 13: Businesses are “socking away” cash at “unprecedented levels” as they become more cautious over ongoing Covid-19 lockdowns, ANZ chief executive Shayne Elliott says, drawing parallels to how the Great Depression “scarred people for life”.

Page 14: Nick Scali Furniture is believed to be closing in on the Plush sofa chain owned by Steinhoff International as it looks to capitalise on its soaring share price, linked to a Covid-19-fuelled boom in sales.

Page 15: Energy giant Chevron has failed to meet a five-year target for burying enough carbon for its $US54bn ($73bn) Gorgon LNG project, prompting the West Australian government to demand a meeting over how it will fill the shortfall.

Solomon Lew will quarantine the incoming chief executive of his Premier Investments empire, current JB Hi-Fi boss Richard Murray, from direct dealings with department store Myer as the billionaire prepares to sweep out the board and take greater control of the struggling chain.

Page 17: The Australian entertainment and media landscape has been dramatically altered by the pandemic, with the disruption throughout 2020 leading to a seismic shift in consumer behaviour, forcing various platforms to rethink how to remain competitive in the market.

 

 

The West Australian

Page 3: The film Tasmania won’t talk about — a movie exploring the making of Port Arthur mass shooter Martin Bryant — has become the talk of Hollywood, after its lead was named best actor at the Cannes Film Festival.

Page 5: The Australian Nursing Federation has urged the McGowan Government to slash crowd numbers at the upcoming clash between St Kilda and the West Coast Eagles at Optus Stadium, warning it could become a “super-spreader event”.

Page 8: Deputy Prime Minister Barnaby Joyce has refused to say if the Nationals would support a target to cut greenhouse gas emissions to net-zero by 2050.

Page 9: The State Government will remove five level crossings on the Armadale rail line — promising to save commuters hours waiting at “pesky” boom gates.

Page 11: Hundreds of State-owned houses have been sold off by the McGowan Government despite more than 17,000 struggling families queuing for government housing.

Page 15: Researchers behind a program using phone alerts to help parents pack healthier lunch boxes hope to bring it to WA.

Business: Pilbara iron ore is expected to drive a $25 billion windfall to shareholders as the upcoming reporting season propels the industry to what could prove the peak of its profit powers.

Artificial intelligence has zoomed into the limelight with its futuristic-like tech capabilities, but Perth startup Isolabs says Australia is quickly falling behind the global adoption rate.

OPEC and its allies were locked in meetings yesterday in the latest sign a bitter stand-off between Saudi Arabia and the United Arab Emirates has been resolved.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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