06/08/2021 - 06:59

Morning Headlines

06/08/2021 - 06:59

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Bonuses keep mine wages low

Resources companies “burnt” by the last mining construction boom are offering big sign-on and retention bonuses rather than higher hourly rates — which is keeping a lid on wages growth. The West

Perth grand final?

The AFL has requested the WA Government draw up contingency plans to stage the grand final and finals matches at Optus Stadium. The West

Heat is on big miners

Two of the big three Pilbara iron ore miners have phased out temperature tests on fly-in, fly-out workers at Perth Airport, it can be revealed, as Rio Tinto brought back rapid antigen tests yesterday after a COVID-19 scare at a Fortescue mine. The West

Planet faces 1.5-degree warming a decade early

A long-overdue report by the world’s climate scientists will on Monday reveal that global warming is accelerating faster than thought, with temperatures set to punch through the critical 1.5-degree threshold by the early 2030s, a decade earlier than anticipated just three years ago. The Fin

Tabcorp the favourite as race for West Australian TAB returns to the course

A sale of the West Australian TAB is back on the agenda after the campaign to sell the state-owned asset late last year was derailed by Covid-19. The Aus

Unions slam compulsory vaccine push

Unions have hit out at the move by fruit and vegetable processor SPC to demand all workers are vaccinated against Covid, as employer groups urge Canberra to set standards on mandatory vaccines. The Aus

Christmas vaccination target at risk as Queensland and WA lag

Australia is on track to hit national cabinet’s vaccination targets by Christmas, but low uptake of COVID-19 vaccines in Queensland and Western Australia could hold back the whole country from reopening. The Fin

Non-existent advice costs banks $1.6b

The big four banks, AMP and Macquarie have refunded another $561 million to financial advice customers charged for services they did not receive, taking the total amount returned for non-existent financial advice to $1.6 billion. The Fin

PNG hits Santos with log of claims over Oil Search merger

Papua New Guinea’s Prime Minister James Marape has signalled he may require a merged Santos and Oil Search to commit to retaining jobs and offices in PNG and to prioritise the development of local gas resources as he warned that any deal involving Oil Search must be in PNG’s national interest. The Fin

Education revenue plummets

Australia’s education exports have plunged by a third due to the international border closure, with revenue dropping to $26.7bn in the year to June, down from $40.3bn recorded in calendar 2019. The Aus

 

 

The Australian Financial Review

Page 1: Victoria has joined Greater Sydney and south-east Queensland in lockdown, disrupting the lives of almost 16 million people, shutting down the nation’s three economic engine rooms and sparking a clamour from premiers for more Pfizer vaccine.

A long-overdue report by the world’s climate scientists will on Monday reveal that global warming is accelerating faster than thought, with temperatures set to punch through the critical 1.5-degree threshold by the early 2030s, a decade earlier than anticipated just three years ago.

Page 4: One of the Navy’s ageing Collins class submarines flooded twice in the weeks leading up to an electrical fire on board that has taken it out of action for months.

Page 6: Australia is on track to hit national cabinet’s vaccination targets by Christmas, but low uptake of COVID-19 vaccines in Queensland and Western Australia could hold back the whole country from reopening.

Page 10: A landmark High Court ruling bolstering freedom of contract in employment is already being wielded in a high-profile underpayments case for the financial industry, but this time against employers.

Page 13: Two canoeists who had never competed together in an international competition and an 18-year-old skateboarder in his first Olympics put Australia one gold medal away from the country’s best-ever performance.

Page 14: The Biden administration is developing plans to require all foreign travellers to the United States to be vaccinated against COVID-19, with limited exceptions, according to an administration official with knowledge of the developing policy.

Page 17: The big four banks, AMP and Macquarie have refunded another $561 million to financial advice customers charged for services they did not receive, taking the total amount returned for non-existent financial advice to $1.6 billion.

Treasury Wine Estates has stepped up its push into British and European markets with its flagship Penfolds Grange now that China is out of bounds, and in Australia the shift to online buying is accelerating as the $950 a bottle wine hits the shelves.

Papua New Guinea’s Prime Minister James Marape has signalled he may require a merged Santos and Oil Search to commit to retaining jobs and offices in PNG and to prioritise the development of local gas resources as he warned that any deal involving Oil Search must be in PNG’s national interest.

Page 18: Former managing director of Extract Resources, Peter McIntyre, is getting the Extract band back together with a new exploration company, Copper Search Australia, that is lining up for an ASX-listing.

Page 19: Furniture retailer Nick Scali expects demand for sofas, dining tables and buffets to remain robust at least until Australians can travel overseas but has raised concerns about worsening supply chain delays and the rising cost of freight.

Page 21: Big battery developers are seeking to ease concerns their projects could face a similar fire risk to Neoen’s Victorian Big Battery project near Geelong, where an investigation is under way with the aim of preventing a repeat occurrence.

Investment in the supply of hydrogen has soared this year but its future as a major source of clean energy is far from certain, with carbon prices of at least $US100 ($135.44) a tonne needed by 2030 to drive large-scale demand.

 

 

The Australian

Page 1: Australia has suffered its worst day in dealing with the Covid-19 pandemic in a year, with NSW recording the nation’s highest number of deaths since last October, Victoria and Queensland gripped by mystery cases and the highly contagious Delta variant leaking across state borders.

Foreign Minister Marise Payne says Australia will not be cowered into accepting Beijing’s preconditions for the recommencement of high-level dialogue with China.

Page 4: Australia’s education exports have plunged by a third due to the international border closure, with revenue dropping to $26.7bn in the year to June, down from $40.3bn recorded in calendar 2019.

Page 5: Booster shots for residents in aged-care centres may need to begin being administered early next year as evidence grows that immunity conferred by Covid-19 vaccines begins to decline after six months.

Page 7: The Transport Workers Union is threatening “major disruption to parcel deliveries” by striking in support of backdated pay rises and access to more paid overtime.

Page 15: Unions have hit out at the move by fruit and vegetable processor SPC to demand all workers are vaccinated against Covid, as employer groups urge Canberra to set standards on mandatory vaccines.

Page 16: A sale of the West Australian TAB is back on the agenda after the campaign to sell the state-owned asset late last year was derailed by Covid-19.

 

 

The West Australian

Page 1: The AFL has requested the WA Government draw up contingency plans to stage the grand final and finals matches at Optus Stadium.

Page 3: There are calls for the WA Government to compensate members of the Stolen Generation after the Commonwealth announced $75,000 payments for survivors in the NT and ACT.

Page 4: Two of the big three Pilbara iron ore miners have phased out temperature tests on fly-in, fly-out workers at Perth Airport, it can be revealed, as Rio Tinto brought back rapid antigen tests yesterday after a COVID-19 scare at a Fortescue mine.

Page 19: Fresh from being accused of aggression towards another motorist, Road Safety Commissioner Adrian Warner is now fending off allegations of a toxic workplace culture.

Business: Resources companies “burnt” by the last mining construction boom are offering big sign-on and retention bonuses rather than higher hourly rates — which is keeping a lid on wages growth.

A $4 million advertising blitz to attract workers in the Eastern States and New Zealand to WA — and retirees back into the workforce — headlines a range of new McGowan Government initiatives to plug critical skills gaps.

Shipbuilder Austal has secured a contract with the US Navy to conduct repair and maintenance work on Littoral Combat Ships.

New Zealand’s DGL Group has made a timely entry into the WA agricultural market as farmers watch over what is expected to be one of their biggest grain harvests on record.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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