03/08/2021 - 06:49

Morning Headlines

03/08/2021 - 06:49

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Fair Work dumps Roy Hill deal

A labour hire firm supplying critical rail drivers to Gina Rinehart’s Roy Hill iron ore mine engaged in ‘‘corporate manipulation’’ to secure a deal that bypassed the union and deprived workers of redundancy pay, according to the workplace umpire. The Fin

No jab, no dig

The mining sector has secured a deal to get access to thousands of COVID vaccines to inoculate its workforce ahead of implementing a plan to shut out everyone from high-value sites who have not received two doses of the jab. The West

Perth casino chiefs try to distance themselves from Crown

Crown Resorts’ Perth executives are seeking to distance themselves from their scandal-ridden parent company as they fight to retain their casino licence. The Fin

RBA plays to ‘Team Australia’

The Reserve Bank of Australia is poised to delay a decrease to its bond buying program and could even increase purchases, though economists view either outcome as being a largely symbolic ‘‘Team Australia’’ moment. The Fin

Reward jabs, says Labor; airline aid extended

Everybody who is fully vaccinated by December 1 should be paid $300, under a proposal by federal Labor that would add $6 billion to the COVID-19 response bill and almost double the cost of the entire vaccination program. The Fin

WA ship rule ‘a blow to Indonesia exports’

Farmers say the West Australian government has put in doubt key agricultural exports and insulted an important regional ally by changing the rules for cargo ships without first consulting counterparts in Indonesia. The Fin

Lynas, BHP to boost rare earths supply

Lynas Rare Earths and BHP are set to emerge as powerful partners looking to boost supply of materials essential to electrification out of Western Australia. The Fin

House price gains reach 17-year high

Housing experts are predicting property prices will rise 20 per cent by the end of the year after annual gains reached a 17-year high in July. The Aus

Goldin warns against China ‘sabre-rattling’

The existential threats the world faces cannot be solved without China, the former vice-president of the World Bank warns, as a threat of a cold war between the West and the Asian superpower looms. The West

 

 

The Australian Financial Review

Page 1: Afterpay co-founder Nick Molnar says merging with Twitter founder Jack Dorsey’s Square Inc will provide the scale and reach to allow Afterpay to take on the giants of the global payments industry, after he and cofounder Anthony Eisen snared the biggest M&A deal in Australia’s history.

Page 2: Crown Resorts’ Perth executives are seeking to distance themselves from their scandal-ridden parent company as they fight to retain their casino licence.

Page 3: The Reserve Bank of Australia is poised to delay a decrease to its bond buying program and could even increase purchases, though economists view either outcome as being a largely symbolic ‘‘Team Australia’’ moment.

Page 4: Everybody who is fully vaccinated by December 1 should be paid $300, under a proposal by federal Labor that would add $6 billion to the COVID-19 response bill and almost double the cost of the entire vaccination program.

Page 6: An apparently ad hoc change to COVID-19 disaster payments by Scott Morrison has made federal support significantly more generous than the original JobKeeper scheme, increasing payments while creating confusion among tax professionals.
Page 8: Homegrown Australian defence companies are teaming up to compete against foreign contractors after the Morrison government launched a $1 billion arms race to build missiles locally.

A labour hire firm supplying critical rail drivers to Gina Rinehart’s Roy Hill iron ore mine engaged in ‘‘corporate manipulation’’ to secure a deal that bypassed the union and deprived workers of redundancy pay, according to the workplace umpire.

Page 11: Farmers say the West Australian government has put in doubt key agricultural exports and insulted an important regional ally by changing the rules for cargo ships without first consulting counterparts in Indonesia.

Page 14: As Allegro Funds counts its winnings from the recent float of Best & Less, creditors of former stablemate Harris Scarfe have been told they will have to wait even longer for a return.

Page 15: Lynas Rare Earths and BHP are set to emerge as powerful partners looking to boost supply of materials essential to electrification out of Western Australia.

Page 21: The founder of an upstart fibre-optic cable company says the national broadband network and its multiple speed tiers is too complicated for consumers who approach the internet more ‘‘like a utility’’.

 

 

The Australian

Page 4: Queensland’s eight-day lockdown will add a further $600m to the growing economic toll from Delta lockdowns, cementing expectations that RBA governor Philip Lowe on Tuesday will abandon plans to wind back the central bank’s bond-buying program.

Page 7: Disability advocates have accused the Morrison government of failing to consult with them over proposed changes to the National Disability Insurance Scheme, declaring the proposed amendments could contravene the human rights of participants.

Page 15: Australia risks becoming an isolated antipodean nation if it fails to increase vaccination rates for Covid-19 and keeps its international borders closed, the chief executive of a global health company has warned.

Page 16: Attention has quickly turned to Zip Co after the announcement of a $39bn scrip buyout of Afterpay by US fintech company Square on Monday.

Page 17: Paired with fine wines, miso mayo and served under a smokefilled cloche – you’d expect nothing less from the launch of Heston Blumenthal’s mushroom-based “Fable Burger” in a world-first collaboration with Australian burger chain Grill’d.

Housing experts are predicting property prices will rise 20 per cent by the end of the year after annual gains reached a 17-year high in July.

Rex has elevated its threat of legal action against Qantas, appointing high-profile law firm Clayton Utz to explore all legal avenues to stop what it claims is anti-competitive behaviour by the bigger airline.

Page 18: BHP has ticked off on a major expansion of the processing plant at a key nickel mine in Western Australia as it invests further in battery metals.

 

 

The West Australian

Page 1: The mining sector has secured a deal to get access to thousands of COVID vaccines to inoculate its workforce ahead of implementing a plan to shut out everyone from high-value sites who have not received two doses of the jab.

Page 11: Ambulances spent 3713 hours ramped outside WA hospitals last month, while ambulance response times spiralled to their lowest level in at least six years.

Page 14: Children as young as five have been turning to the Kids Helpline to seek help for mental health problems after feeling isolated at home during the latest COVID-19 lockdowns.

Business: The outgoing boss of Nickel West will claim today that the BHP division has virtually completed its transition from stainless steel to being a supplier to the new generation of batteries.

The existential threats the world faces cannot be solved without China, the former vice-president of the World Bank warns, as a threat of a cold war between the West and the Asian superpower looms.

Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, according to a fund manager who forecast the metal’s ascent to a record last year.

Premier Mark McGowan’s hardline stance on ships — whereby those suspected of being exposed to COVID-19 could be rejected from WA ports — was made without any engagement with Indonesian stakeholders, the Indonesia Institute claims.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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