23/09/2021 - 06:48

Morning Headlines

23/09/2021 - 06:48

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Childcare duo hand baby over

One of Perth’s best-known childcare groups has changed hands, with rags-to-riches entrepreneurs Phyllis and Vijay Narula selling the bulk of their 16-year-old business Little Peoples Place. The West

Biden backs Indo-Pacific investment

Prime Minister Scott Morrison and US President Joe Biden have agreed to move ‘‘lockstep’’ on issues of climate change and protecting democracy and will lift their economic investment in the Indo-Pacific to counter China’s growing influence, despite both dismissing concerns about the risk of conflict and a new Cold War. The Fin

Beer takeover probed

The competition regulator is examining the proposed takeover of drinks manufacturer Fermentum by global giant Lion, a deal reportedly worth more than $500 million. The West

Plan needed for ‘working with the virus’

Business needs a clear, uniform plan for working with the virus, EY chief executive David Larocca says, as new analysis from the big four firm reveals the sectors most exposed to having the virus circulating in the community. The Fin

Zip pays $70m for stake in India’s ZestMoney

Zip Co will enter the Indian market after stumping up $US50 million ($69 million) to buy a minority stake in fellow buy now, pay later company ZestMoney, deepening its move into emerging markets and doubling down on its global expansion plans. The Fin

South32 prepares to fly from Eagle Downs

South32 will try to end its three-year push into Queensland’s Bowen Basin coking coal district after appointing advisors to help it sell its stake in the Eagle Downs mine, in a move sure to raise longer term doubts about its other coking coal foothold in NSW’s Illawarra region. The West

Grand final virus scare as ‘low risk’ NSW truckie tests positive

The State Government is grappling with a grand finaleve COVID-19 scare after a truckie who was in WA for two days last week tested positive for the coronavirus. The West

How casino ‘loan shark’ was able to evade net

Crown Perth’s head of security and surveillance has been grilled about loan sharks operating on the casino floor and why a person of interest was not banned until several years after they were first identified. The West

Goodenough but only just

Liberal MP Ian Goodenough narrowly survived a preselection challenge from Vince Connelly last night and will contest the safe seat of Moore for the fourth time at the next Federal election. The West

 

 

The Australian Financial Review

Page 1: Prime Minister Scott Morrison and US President Joe Biden have agreed to move ‘‘lockstep’’ on issues of climate change and protecting democracy and will lift their economic investment in the Indo-Pacific to counter China’s growing influence, despite both dismissing concerns about the risk of conflict and a new Cold War.

Page 3: Inspired by seeds dispersed through the air, engineers have created tiny flying structures, the size of a grain of rice, that have the potential to monitor airborne diseases, air pollution and environmental contamination.

Page 5: Business needs a clear, uniform plan for working with the virus, EY chief executive David Larocca says, as new analysis from the big four firm reveals the sectors most exposed to having the virus circulating in the community.

Page 7: The Fair Work Commission has allowed thousands of StarTrack delivery drivers to strike for 24 hours despite claims the action would disrupt the delivery of coronavirus vaccines.

Page 10: Chinese policymakers will ultimately decide the fate of Evergrande, says Reserve Bank deputy governor Guy Debelle, who warned actions by authorities could inadvertently make matters worse.

Page 17: AGL Energy’s embattled board has been dealt a humiliating defeat over an activist climate resolution proposed at its annual meeting that increases pressure on emissions reduction ahead of its controversial demerger.

Zip Co will enter the Indian market after stumping up $US50 million ($69 million) to buy a minority stake in fellow buy now, pay later company ZestMoney, deepening its move into emerging markets and doubling down on its global expansion plans.

Page 18: South32 will try to end its three-year push into Queensland’s Bowen Basin coking coal district after appointing advisors to help it sell its stake in the Eagle Downs mine, in a move sure to raise longer term doubts about its other coking coal foothold in NSW’s Illawarra region.

 

 

The Australian

Page 2: The CFMEU’s mining and energy division has lodged an appeal in the Federal Court against the Fair Work Commission’s decision to reject its bid to split from the union.

Page 3: A shire chief executive from country Western Australia spent almost $55,000 of ratepayer funds to pay for sex workers, the state’s corruption watchdog has found.

Page 13: The risk of excessive borrowing fuelling an unsustainable rise in the housing market that may threaten the nation’s economic outlook “could be building”, according to the Reserve Bank.

Page 14: Canadian private equity firm Brookfield is understood to have tapped Bank of America as well as Barrenjoey Capital Partners for its $9.6bn bid for electricity distribution company AusNet Services.

Page 15: Qantas has emerged as one of the biggest winners from the industrial property boom, receiving a bid of more than $800m for the surplus land it is selling next to Sydney Airport from property funds manager Logos backed by superannuation fund Australian-Super.

Page 16: Honeysuckle Health chief executive Rhod McKensey says the health services company will target government and workers compensation insurance schemes to join its new buying group to negotiate better deals with private hospital operators.

 

 

The West Australian

Page 1: The State Government is grappling with a grand final-eve COVID-19 scare after a truckie who was in WA for two days last week tested positive for the coronavirus.

Page 3: Crown Perth’s head of security and surveillance has been grilled about loan sharks operating on the casino floor and why a person of interest was not banned until several years after they were first identified.

Page 8: WA’s historic grand final week has been extended by an extra day, with the winners of Saturday’s historic AFL grand final set to present the premiership cup in the CBD on Sunday.

One of Australia’s big supermarket chains has moved to ensure good things will happen in terms of service at the grand final on Saturday.

Page 12: Liberal MP Ian Goodenough narrowly survived a preselection challenge from Vince Connelly last night and will contest the safe seat of Moore for the fourth time at the next Federal election.

Business: Raleigh Finlayson is set to follow the lead of gold mining peer Bill Beament by taking the helm of a junior explorer and emerging with a substantial stake by pumping funds into its coffers.

Bitcoin struggled for a third day, dropping briefly below $US40,000 for the first time since August amid rising criticism from regulators and a general mood of caution in global markets.

One of Perth’s best-known childcare groups has changed hands, with rags-to-riches entrepreneurs Phyllis and Vijay Narula selling the bulk of their 16-year-old business Little Peoples Place.

Small Business Minister Reece Whitby has urged real estate trust Dexus to “do the right thing” and not evict retailers from Carillon City arcade until after Christmas.

The competition regulator is examining the proposed takeover of drinks manufacturer Fermentum by global giant Lion, a deal reportedly worth more than $500 million.

Afterpay will launch a feature that allows customers to retrospectively make payments from any eligible Money debit transaction.

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