Morning Headlines

Virtual Gaming Worlds shuns ASX, hits record profit

Perth’s Virtual Gaming Worlds has flagged a preference for listing in the US instead of at home, as the online social gaming provider announced a record pre-tax profit of $358 million in 2020-21. The Fin

Forrest slams ‘failed’ carbon capture

Mining billionaire Andrew Forrest has slammed long-term net zero emissions targets as a ‘‘cop-out’’ for corporate chief executives and voiced scepticism about the ‘‘failed’’ technology of carbon capture and storage, in comments that look set to reignite tensions with Australian oil and gas producers. The Fin

Offshore bank accounts exposed

More than 400 Australians have been named in a massive leak of offshore company and banking details which has revealed secret investments, real estate deals and artworks of celebrities, politicians and business figures who control more than $1 trillion in assets. The Fin

FYI happy with HPA Alcoa fit

FYI Resources boss Roland Hill has defended the company’s deal with Alcoa to develop a highpurity alumina project in Kwinana after shares in the company plunged 36 per cent on news of the arrangement on Friday. The West

Bumpy take-off on the way as jabs accelerate

Economists are optimistic the economy will return to robust growth in the fourth quarter as vaccinations race toward world-beating levels, but the take-off is likely to be bumpy due to restrictions on mobility and business operations set to last until mid-2022. The Fin

Subs deal wins backing as anxiety over China grows

A significant majority of voters backs the construction of a nuclear-powered submarine fleet for the Australian navy amid community anxiety over the perceived national security threat posed by China. The Aus

Cargo ships protest Fremantle restrictions

Shipping line AAL, which specialises in moving big cargo, has warned customers it may have to raise prices after Fremantle Ports proposed halving the number of days it can unload at berths. The Fin

AMA cautions against psychedelic drugs

Australia’s peak medical body has warned against legalising psychedelic drugs to treat mental health conditions, after a review for the federal regulator found the drugs “show promise” in treating conditions such as depression and anxiety, bringing the treatments one step closer to approval.   The Aus

Games is a no-brainer after grand final windfall

WA must cash in on the extraordinary success of Perth’s first AFL grand final by bidding for global events such as the Commonwealth Games, according to Tourism Council WA chief executive Evan Hall. The West

Battle over cost of gas service upgrades

The State Government is scrambling to work out who should stump up for safety upgrades to the Dampier-to-Bunbury gas pipeline required by property development over the 1500km pipe. The West

The Australian Financial Review

Page 1: More than 400 Australians have been named in a massive leak of offshore company and banking details which has revealed secret investments, real estate deals and artworks of celebrities, politicians and business figures who control more than $1 trillion in assets.

NSW Treasurer Dominic Perrottet has chosen to stand for the leadership of the state’s Liberal Party with Jobs Minister Stuart Ayres as his deputy, a combination that would ensure the government focuses on economic development in working-class suburbs of Sydney.

Page 3: Mining billionaire Andrew Forrest has slammed long-term net zero emissions targets as a ‘‘cop-out’’ for corporate chief executives and voiced scepticism about the ‘‘failed’’ technology of carbon capture and storage, in comments that look set to reignite tensions with Australian oil and gas producers.

Page 8: Reports and advice to the federal government from big four accounting firms worth $1.1 billion annually would be released publicly under a proposal to boost scrutiny of Coalition outsourcing.

Page 12: The Group of Eight Universities has objected to a proposed merger between two anti-plagiarism software companies as researchers warn that the higher education sector is in an ‘‘arms race’’ to catch cheaters.

Page 13: Economists are optimistic the economy will return to robust growth in the fourth quarter as vaccinations race toward world-beating levels, but the take-off is likely to be bumpy due to restrictions on mobility and business operations set to last until mid-2022.

Perth’s Virtual Gaming Worlds has flagged a preference for listing in the US instead of at home, as the online social gaming provider announced a record pre-tax profit of $358 million in 2020-21.

Page 15: Shipping line AAL, which specialises in moving big cargo, has warned customers it may have to raise prices after Fremantle Ports proposed halving the number of days it can unload at berths.

The Australian

Page 1: A significant majority of voters backs the construction of a nuclear-powered submarine fleet for the Australian navy amid community anxiety over the perceived national security threat posed by China.

Page 2: Popular support for fringe parties and independents has reached its highest level in at least four years as the Coalition struggles to repair its primary vote with the two most populous states still in lockdown.

Page 7: Australia’s peak medical body has warned against legalising psychedelic drugs to treat mental health conditions, after a review for the federal regulator found the drugs “show promise” in treating conditions such as depression and anxiety, bringing the treatments one step closer to approval.  

Page 13: The price of premium Australian thermal coal has raced to a record after a global energy crunch sparked a battle among buyers for fresh supplies of the fossil fuel.

Page 15: The government’s expanded SME Recovery Loan Scheme is open to businesses across the country, giving a much-needed boost to a sector ravaged by lockdowns over the past 18 months.

The West Australian

Page 1: WA is facing COVID-19 threats on multiple fronts after the arrival of a virus-riddled chemical tanker was compounded by the discovery of an infected diplomat with four close contacts who have spent time in the community.

Page 3: WA must cash in on the extraordinary success of Perth’s first AFL grand final by bidding for global events such as the Commonwealth Games, according to Tourism Council WA chief executive Evan Hall.

Page 4: Federal Labor leader Anthony Albanese has firmly hitched his wagon to wildly popular WA Premier Mark McGowan as he looks to the west to deliver him the keys to The Lodge.

Page 7: WA’s biggest fear of a new GST battle with the nation’s biggest State has become a reality with Dominic Perrottet in line to become the next NSW Premier.

Business: FYI Resources boss Roland Hill has defended the company’s deal with Alcoa to develop a high-purity alumina project in Kwinana after shares in the company plunged 36 per cent on news of the arrangement on Friday.

The State Government is scrambling to work out who should stump up for safety upgrades to the Dampier-to-Bunbury gas pipeline required by property development over the 1500km pipe.