04/08/2021 - 07:04

Morning Headlines

04/08/2021 - 07:04

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Coonan to join Walsh in clear-out of Crown Melbourne executives

The woman leading the restoration of besieged Crown Resorts’ shattered reputation is set to follow the chief executive of the company’s flagship Melbourne casino out the door. The West

Miners get the right to jab precious workers

The Morrison government is poised to give resources companies the supply and power to vaccinate their workforces and protect the industry from COVID-19 outbreaks while allowing greater mobility across state lines to ease skill shortages. The Fin

‘Young’ regions behind in race to vaccinate

Communities in outer metropolitan Brisbane and Perth join south-west Sydney as laggards in the vaccination race, along with regional centres such as Coffs Harbour and the Hunter Valley in NSW and Mackay in Queensland. The Fin

‘Glacial’ pace of change on ASX300 boards: survey

Despite a jump in directors from non-European backgrounds being appointed to major company boards in the past 12 months, survey findings say it will take 18 years for ASX 300 boardrooms to reflect Australia’s diversity. The Fin

Hurdles at Davyhurst blunt Ora Banda output

Ora Banda Mining concedes there have been some teething issues with the start of mining at its flagship Davyhurst processing plant. The West

Early backers see upside in Afterpay deal

The early backers of Afterpay say Square’s blockbuster $39 billion offer makes strategic sense for both companies but warn integration risk will be a key factor to watch as the two payments systems are brought together. The Fin

Car costs rise 66% in 10 years

The cost of owning a car has jumped 66 per cent over the past decade, nearly four times the rate of inflation. The West

Four-step pandemic plan a wish list, says Roy Hill boss

A Gina Rinehart lieutenant has hit out at the lack of firm targets in the latest, four-step national cabinet plan to open up and live with COVID-19, describing it as a wish list. The Fin

‘Brace for the rush of deal flow’

The huge amount of liquidity flushing around global markets will make its way to real economies and trigger price rises, eventually causing an “implosion or explosion” and increasing capital flows to the Asia-Pacific. The Aus

Libby wants extended deadline for FIFO rape inquiry

Deputy Liberal leader Libby Mettam will today call for an extended deadline for public submissions to a WA parliamentary inquiry investigating sexual harassment in mining. The West

 

 

The Australian Financial Review

Page 1: A mostly vaccinated Australian society must learn to live with people being hospitalised and dying from COVID-19 at levels equivalent to a flu outbreak, all while resisting severe lockdowns and border closures, modelling by the Doherty Institute reveals.

Crown Resorts executive chairman Helen Coonan, who previously said she was best placed to overhaul the gaming giant, has brought forward her exit as royal commissioner Ray Finkelstein, QC, cast doubt on Crown’s assurances that it is capable of change and should remain Melbourne’s sole casino operator.

Page 5: Communities in outer metropolitan Brisbane and Perth join south-west Sydney as laggards in the vaccination race, along with regional centres such as Coffs Harbour and the Hunter Valley in NSW and Mackay in Queensland.

Page 6: One of the first major trials of rapid COVID-19 testing in Australia has found fast results helped boost safety and confidence in an aged care home in Sydney’s south-west, bolstering employee attendance during the city’s delta outbreak.

Page 9: Despite a jump in directors from non-European backgrounds being appointed to major company boards in the past 12 months, survey findings say it will take 18 years for ASX 300 boardrooms to reflect Australia’s diversity.

Page 14: The early backers of Afterpay say Square’s blockbuster $39 billion offer makes strategic sense for both companies but warn integration risk will be a key factor to watch as the two payments systems are brought together.

The Morrison government is poised to give resources companies the supply and power to vaccinate their workforces and protect the industry from COVID-19 outbreaks while allowing greater mobility across state lines to ease skill shortages.

Page 16: A Gina Rinehart lieutenant has hit out at the lack of firm targets in the latest, four-step national cabinet plan to open up and live with COVID-19, describing it as a wish list.

Page 17: Eyes are turning to Virgin Australia and how it approaches its staff after Qantas said it would stand down thousands across its main and Jetstar brands while grappling with the Sydney lockdown and other virus spot fires.

The boss of Australia’s largest brick-making company says strong demand in the housing construction market in Victoria is proving a saviour as Sydney’s economy is hit hard by lockdowns.

Page 17: Alinta Energy chief executive Jeff Dimery says those objecting to proposed reforms of the National Electricity Market have vested interests and are ignoring the critical need to keep electricity supply secure as the system transitions to low-carbon energy.

 

 

The Australian

Page 1: A revised vaccine strategy will fast-track jabs for adults under 40, considered the “peak transmitters” of the Delta strain, while nearly halving coronavirus deaths and hospitalisations under a 70 per cent inoculation target.

Indigenous children as young as three will be taught literacy and numeracy skills using a back-to-basics approach which favours clear instruction over allowing student-led discovery.

Page 5: Australia’s counter-terrorism chief has vowed to crack down on activists who incite violent resistance to vaccination and lockdowns, amid a surge of online death threats against political leaders and chief health officers.

Page 7: Scott Morrison has lashed Anthony Albanese’s proposal to pay people to get Covid-19 jabs as a “vote of no confidence in Australians”, but left the door open to implementing a vaccine lottery.

Page 15: The huge amount of liquidity flushing around global markets will make its way to real economies and trigger price rises, eventually causing an “implosion or explosion” and increasing capital flows to the Asia-Pacific.

Page 16: News Corp has called on the services of Morgan Stanley for its $US1.15bn ($1.55bn) acquisition of the Oil Price Information Service.

Page 17: Santos could sell a stake in its Papua New Guinea liquefied natural gas project to ExxonMobil or Total as a defence mechanism to ensure neither company crashes its $21bn Oil Search merger with a rival bid, analysts said.

 

 

The West Australian

Page 1: The combination of a thriving economy — with job vacancies at near record highs — and WA’s COVID-free status have helped the State register three consecutive quarters of positive net migration from other States and Territories.

Page 3: The cost of owning a car has jumped 66 per cent over the past decade, nearly four times the rate of inflation.

Page 8: COVID-19 vaccination rates in regional WA have fallen behind the rest of the country, with fewer than one in five people in the State’s north having received their first jab.

Page 11: Crown Perth paid for the head of WA’s casino watchdog to travel to Macau with two of its top executives, eating at a Michelin star restaurant and watching the world’s biggest water show.

Page 14: Deputy Liberal leader Libby Mettam will today call for an extended deadline for public submissions to a WA parliamentary inquiry investigating sexual harassment in mining.

Page 16: Attacks on Perth’s transit officers have jumped more than 20 per cent in two years, with the Perth precinct overtaking the Mandurah line to become the city’s train assault capital.

Business: Gold is a little unloved at the moment but its time is coming, given it is “the best insurance”, as currency devaluation inevitably follows aggressive government COVID stimulus measures, a mining boss says.

Ora Banda Mining concedes there have been some teething issues with the start of mining at its flagship Davyhurst processing plant.

Salt Lake Potash has ducked for cover, pulling out of presenting at the annual Diggers & Dealers Mining Forum after revealing it had hit hurdles at its processing plant near Wiluna.

There are further early signs that Australia’s housing boom is cooling, with demand for home loans and applications to build homes falling.

The woman leading the restoration of besieged Crown Resorts’ shattered reputation is set to follow the chief executive of the company’s flagship Melbourne casino out the door.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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