21/07/2021 - 06:53

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21/07/2021 - 06:53

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Lockdown losers as small businesses miss out on aid

Scores of small businesses that were forced to close or slash capacity limits during Perth’s third COVID lockdown in the past six months will receive no compensation from the McGowan Government. The West

As supply weakens, BHP warns China curbs to last years

BHP has warned that Chinese restrictions on Australian coal would ‘‘remain for a number of years’’ and joined Rio Tinto in signalling that iron ore supply could be soft in the months ahead. The Fin

US-Australia move to block Digicel deal

The Biden administration has been in private talks with the Morrison government about working together to stop China buying Digicel’s mobile phone networks in the Pacific and Caribbean. The Fin

RBA expected to ditch bond buying taper plan

The Reserve Bank will likely backflip on scaling back its $237 billion bond buying stimulus and could lift weekly purchases to $6 billion, according to leading economists, including Westpac chief economist Bill Evans. The Fin

Consumers at home push up JB Hi-Fi profit

Consumers have switched from setting up their home offices to keeping themselves and their families entertained during lockdowns, underpinning demand for consumer electronics and setting the scene for another strong year for JB Hi-Fi. The Fin

Afterpay’s new app targets young, female bank clients

Afterpay will launch a new banking app for its 3 million-plus Australian users in October as the payments juggernaut attempts to steal young customers from the major banks by creating a more engaging experience around savings. The Fin

Call for broader PhD internship incentives

University research deans have called on the federal government to broaden the planned incentives for PhD students to get industry experience, fearing that a scheme announced in the May budget is too narrow in scope to produce maximum benefits. The Aus

Contract boost for businesses

The State Government has added $2 million to three funding rounds to help WA businesses get contract ready. The West

Global gong for ‘non-toxic’ practice

Mining and Process Solutions won the clean technology award at the Extreme Tech Challenge for its “non-toxic, natural” alternative to cyanide and acid used for metals extraction. The West

 

 

The Australian Financial Review

Page 1: Crown Resorts should be stripped of Victoria’s sole casino licence and axe executive chairman Helen Coonan and Crown Melbourne chief executive Xavier Walsh, counsel assisting the royal commission into the casino giant has argued.

Page 3: The Biden administration has been in private talks with the Morrison government about working together to stop China buying Digicel’s mobile phone networks in the Pacific and Caribbean.

Page 6: Australia’s regulator is expediting an application to vary the approval of Pfizer’s vaccine to include teenagers aged between 12 and 15.

Farmers have turned to online sales platforms like never before in the face of COVID-19 restrictions, but are increasingly concerned about access to labour as they look to cash in on favourable seasonal conditions.

Page 8: The Reserve Bank will likely backflip on scaling back its $237 billion bond buying stimulus and could lift weekly purchases to $6 billion, according to leading economists, including Westpac chief economist Bill Evans.

Page 14: BHP has warned that Chinese restrictions on Australian coal would ‘‘remain for a number of years’’ and joined Rio Tinto in signalling that iron ore supply could be soft in the months ahead.

Afterpay will launch a new banking app for its 3 million-plus Australian users in October as the payments juggernaut attempts to steal young customers from the major banks by creating a more engaging experience around savings.

Page 17: Consumers have switched from setting up their home offices to keeping themselves and their families entertained during lockdowns, underpinning demand for consumer electronics and setting the scene for another strong year for JB Hi-Fi.

Mum and dad investors are more confident in the performance of the local equity market than at any time in the last two years, bullish on Australia’s recovery from the pandemic despite the fresh wave of outbreaks.

 

 

The Australian

Page 2: Beijing has accused the US, Australia and 38 other nations of “pouring dirty water on China” as it bristled at joint criticism of the Xi administration’s state-sponsored cyber hacking.

Green-powered industrial hubs in Gladstone and the Hunter Valley could add $13bn to the nation’s economy and create 45,000 jobs, new economic analysis claims.

Page 3: The Department of Prime Minister and Cabinet has refused to hand over more than 120,000 emails that may have been sent between the department, former foreign minister Julie Bishop and her fellow associates of collapsed financier Greensill Capital.

Page 6: Hotels and pubs are proposing new all-in pay rates for up to 50,000 full-time workers across the hospitality sector as part of the Morrison government’s push to inject more flexibility into the award system.

Page 15: Upmarket department store David Jones has seen consumer confidence improve despite the pandemic, with closed borders preventing Australians from travelling overseas and driving higher “inward focused consumption”.

Page 17: HUB24 is eyeing the next phase of its growth ambitions after its funds under administration surged to $58.6bn by the end of the financial year, boosted by net inflows of $3.9bn in the final quarter.

Page 21: University research deans have called on the federal government to broaden the planned incentives for PhD students to get industry experience, fearing that a scheme announced in the May budget is too narrow in scope to produce maximum benefits.

 

 

The West Australian

Page 5: Two of Perth’s largest hospitals were yesterday plunged into internal emergencies, declaring code yellows that left them unable to admit non-urgent patients.

Page 6: Scores of small businesses that were forced to close or slash capacity limits during Perth’s third COVID lockdown in the past six months will receive no compensation from the McGowan Government.

Page 7: People willing to take a punt on waiting hours without an appointment at State-run vaccination centres are being rewarded with access to spare Pfizer jabs.

Business: Brazilian mining giant Vale produced less iron ore than expected last quarter in a fresh blow to an already tight global market for the steelmaking ingredient.

The State Government has added $2 million to three funding rounds to help WA businesses get contract ready.

Rio Tinto has conceded it needs to “do more” to curb sexual harassment on its mine sites after allegations of harassment and rape across the sector.

Used car prices have continued to rise as the COVID-19 pandemic endures but values could fall sharply if virus-induced lockdowns persist during the second half of the year.

Mining and Process Solutions won the clean technology award at the Extreme Tech Challenge for its “non-toxic, natural” alternative to cyanide and acid used for metals extraction.

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