Morning Headlines

MinRes faces twist in iron ore port wars

Chris Ellison’s Mineral Resources is getting a taste of its own medicine as iron ore miner GWR Group and other junior companies push to use the Port of Esperance on Western Australia’s south coast. The Fin

Vulcan has first buyer for German lithium

Perth-based lithium start-up Vulcan Energy Resources has signed its first potential offtake deal for the mine it plans to build in western Germany, just a week after hitting a $1 billion market value for the first time. The Fin

Start-up plans to take Aussie fans beyond Olympics’ silent stands

The Australian Olympic Committee has hired Perth-based start-up Komo to get the country’s sports fans engaged online with the Tokyo 2020 Olympic Games, which begin on Friday. The Fin

Telstra caught in China row

Telstra shareholders and analysts are alarmed the telco giant could be used as a Morrison government foreign policy tool to outbid China in buying the Digicel Pacific phone network in neighbouring island countries, via a $2 billion taxpayer-backed consortium. The Fin

The ‘turning point’ has arrived

Sex Discrimination Commissioner Kate Jenkins says she hopes history will remember 2021 as the “turning point” for eradicating sexual harassment from workplaces. The West

Chevron cops flak over Gorgon carbon

A renewable energy think tank has accused Chevron of a “shocking failure” after it was revealed the company had not hit a five-year target to bury greenhouse gas emitted from its Gorgon LNG plant in the Pilbara. The West

Oz accuses China of hacking

Australia has followed the US and dozens of other countries in calling out China for malicious cyber attacks that affected thousands of networks, including in WA’s Parliament. The West

Investment ban ‘worse risk than carbon tariffs’

Australia is more concerned at being sanctioned by financial markets, investors and lenders than being hit with European carbon tariffs, if the nation does not commit to net zero emissions by 2050. The Fin

Climate inaction ‘to cost us $15bn’

The imposition of carbon border tariffs on Australian exports by the nation’s major trading partners could increase the cost of transitioning to a carbon neutral economy by about 45 per cent over the next decade, Deloitte Access Economics modelling has suggested. The Aus

Perth’s rocketing rents among most expensive in the country

Research from RP Data Corelogic shows Perth rents rose 16.7 per cent over the past 12 months to hit an average of $472 a week. The West

The Australian Financial Review

Page 1: Telstra shareholders and analysts are alarmed the telco giant could be used as a Morrison government foreign policy tool to outbid China in buying the Digicel Pacific phone network in neighbouring island countries, via a $2 billion taxpayer-backed consortium.

Page 3: Australia is more concerned at being sanctioned by financial markets, investors and lenders than being hit with European carbon tariffs, if the nation does not commit to net zero emissions by 2050.

Eight superannuation funds delivered returns in excess of 20 per cent during the last financial year as a booming sharemarket helped the $3 trillion sector post its strongest returns in more than two decades.

Page 6: Australians under 40 will not have access to the Pfizer COVID-19 vaccine until September or October at the earliest, despite deliveries from overseas ramping up to 1 million per week.

Page 9: Deliveroo says the workplace umpire went ‘‘completely off the rails’’ in a landmark ruling that found one of its riders was an employee and has warned it has entered ‘‘foreign territory’’.

Page 12: Oil Search has been thrown into crisis after managing director Keiran Wulff resigned suddenly due to a deterioration in long-term health issues that coincided with an investigation into a whistleblower complaint about his overbearing behaviour.

Magellan’s billionaire co-founder Hamish Douglass has called cryptocurrency markets as one of the greatest mass delusions in modern history, as part of a bigger warning that asset prices artificially inflated by government and central bank stimulus may face a day of reckoning.

Page 14: Chris Ellison’s Mineral Resources is getting a taste of its own medicine as iron ore miner GWR Group and other junior companies push to use the Port of Esperance on Western Australia’s south coast.

Page 19: The Australian Olympic Committee has hired Perth-based start-up Komo to get the country’s sports fans engaged online with the Tokyo 2020 Olympic Games, which begin on Friday.

The Australian

Page 1: Health authorities are warning that the dangers of the Covid-19 Delta variant will require a rethink of whether restrictions can be permanently relaxed once the adult population is largely vaccinated.

State governments have reaped up to $60bn in windfall property transfer taxes during the past two decades as capital city home prices tripled and stamp duties grew at an even faster clip.

Page 6: The imposition of carbon border tariffs on Australian exports by the nation’s major trading partners could increase the cost of transitioning to a carbon neutral economy by about 45 per cent over the next decade, Deloitte Access Economics modelling has suggested.

Page 14: Zip Co continues to gain plenty of attention, with some saying multiple suitors are now circling the buy now, pay later service provider.

Page 15: Westpac is set to give the banking regulator a detailed update on its $294m fraud case against Forum Finance within weeks, delving into the root causes and lessons learned from the fiasco.

Plans to launch a new crowdfunded airline called “brad” appear to have gone by the wayside, with Perth-based creator Brad Coombe going quiet in the wake of the failed attempt.

Woolworths is extending its suite of products in the high-growth fintech sector with the creation of a digital wallet that will be linked to its popular Everyday Rewards loyalty program.

The West Australian

Page 3: Australia has followed the US and dozens of other countries in calling out China for malicious cyber attacks that affected thousands of networks, including in WA’s Parliament.

Page 4: Lockdown rules in Greater Sydney should be tightened to prevent “big crowds of people wandering around without masks” at popular outdoor locations, according to Mark McGowan.

Page 7: Three new locally acquired COVID-19 cases diagnosed in Adelaide yesterday have WA health authorities on high alert, with Premier Mark McGowan warning a hard border with South Australia would be reinstated if deemed necessary.

Research from RP Data Corelogic shows Perth rents rose 16.7 per cent over the past 12 months to hit an average of $472 a week.

Business: Economists say it is now increasingly likely that the September quarter national accounts will show the Australian economy in contraction.

Sex Discrimination Commissioner Kate Jenkins says she hopes history will remember 2021 as the “turning point” for eradicating sexual harassment from workplaces.

A renewable energy think tank has accused Chevron of a “shocking failure” after it was revealed the company had not hit a five-year target to bury greenhouse gas emitted from its Gorgon LNG plant in the Pilbara.

Video conferencing giant Zoom has agreed to acquire Five9 for $US14.7 billion ($19.9b) in stock, targeting a cloud service provider that could shore up its popular virtual meeting app.