06/12/2021 - 06:40

Morning Headlines

06/12/2021 - 06:40

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Morning Headlines

Budget fix needed after the election

The Morrison government says fiscal strategy will move to budget repair after the election and trying to pay down debt and deficit while keeping the economy growing will be akin to walking a tightrope. The Fin

Insurance woes ruin traders

A crippling insurance crisis that is sending small Australian businesses in the amusement, leisure and recreation sector to the wall and putting thousands of jobs at risk must be addressed by establishing a discretionary mutual fund. The West

App aims to boost female mine safety

A WA fly-in, fly-out worker who has been a victim of sexual harassment has created an app to not only help female workers in an emergency but also help them feel safe and able to cope with the isolation of mine site life. The West

A groundswell of support

New plans for a stunning facelift to Cottesloe’s iconic Indiana Tea House have gained overwhelming support in a social media poll. The West

Ken Wyatt has a dream: an Aboriginal ASX 200 company

Indigenous Australians Minister Ken Wyatt has challenged businesses to raise the next generation of Aboriginal corporate leaders with a goal of producing the country’s first Indigenous ASX 200 champion. The Fin

Counsellors urge review of buy now, pay later debt

Financial Counselling Australia wants the government to conduct an independent review of lending laws to protect consumers amid a rapid adoption of buy now, pay later and wage advance products that the group argues constitute a form of credit. The Fin

Why the digital currency tumbled 17% in 24 hours

From a 24-hour period spanning early Friday morning to early Saturday morning, bitcoin’s price went from about US$57,000 to US$47,000, losing US$10,000, or more than 17 per cent. The West

Omicron hits US growth optimism

Goldman Sachs economists have cut their forecasts for the US economy this year and next after deciding the spread of the Omicron strain of the coronavirus would exert a “modest downside” drag on growth. The West

Tweaks to loans for seniors

Legislation designed to enhance the attractiveness of loans for seniors was introduced to Federal Parliament late last week. The West

 

 

The Australian Financial Review

Page 1: The Morrison government says fiscal strategy will move to budget repair after the election and trying to pay down debt and deficit while keeping the economy growing will be akin to walking a tightrope.

Page 2: Indigenous Australians Minister Ken Wyatt has challenged businesses to raise the next generation of Aboriginal corporate leaders with a goal of producing the country’s first Indigenous ASX 200 champion.

Page 3: Small businesses that took advantage of the pandemic to invest heavily in technology outperformed their less tech-savvy competitors, but Australian firms still underinvested compared to their international peers.

Page 3: Big business has been criticised by the Australian Taxation Office for refusing to publicly disclose tax disputes and settlements worth ‘‘significant sums of money’’ to investors.

Page 8: Workers sacked or stood down for not getting the jab are likely to use a landmark ruling on employers’ jab mandates to challenge their dismissal and secure payouts, legal experts say.

Page 10: Employers are counting on longer Christmas shutdowns, paying out unused leave and easing border restrictions to run down the leave balances their employees have stockpiled throughout the year.

Page 15: Westpac Banking Corp will kick off the sale of its Panorama wealth platform at the end of February, according to its senior executive in charge of selling assets, Jason Yetton.

Page 19: Financial Counselling Australia wants the government to conduct an independent review of lending laws to protect consumers amid a rapid adoption of buy now, pay later and wage advance products that the group argues constitute a form of credit.

Page 20: The world’s largest private renewable energy player is poised to further shake up Australia’s electricity retailing market by targeting the sale of green power to business customers – but with an eye, down the track, on the mass market.

 

 

The Australian

Page 1: Labour movement luminary Jennie George has attacked as “unbelievable’’ Anthony Albanese’s climate change pledge to create 604,000 new jobs, as Labor MPs demand security for mining and industrial workers affected by the 2030 plan to slash emissions by 43 per cent.

Labor is the favourite among voters to win the next federal election, confirming the Coalition as the underdog in the 2022 race, despite a similar prediction before the 2019 contest in which Scott Morrison stole a surprise victory.

Page 2: The Chinese embassy has refused to appear before a parliamentary committee examining the country’s potential entry into one of the world’s biggest free-trade agreements, after lodging a “bizarre” submission claiming strict adherence to world trading rules.

Page 4: Former Nationals deputy leader Fiona Nash has been appointed the nation’s first Regional Education Commissioner and will work with governments and education and rural groups to secure better results for country Australians.

Page 7: Soaring temperatures will continue in the country’s west as Western Australia endures a heatwave that will see the mercury top 40C in some parts of the state for more than a week.

Page 13: One of Europe’s most aggressive activist hedge funds has renewed its call for Glencore to carve off its thermal coal and grains businesses in a move that would affect a vast number of the commodity conglomerate’s local assets.

 

 

The West Australian

Page 1: Parents are treating aquatic centres like a “babysitting service”, with children being left unsupervised at pools for hours.

Page 7: The boss of the AMA says WA’s reopening plan may be pushed back by weeks to allow children aged five to 11 to get the COVID-19 vaccine to be better protected against the deadly virus.

Page 14: From a 24-hour period spanning early Friday morning to early Saturday morning, bitcoin’s price went from about US$57,000 to US$47,000, losing US$10,000, or more than 17 per cent.

Page 16: A South West magistrate has postponed the sentencing of a teenage thief and ordered a report from WA’s only juvenile jail after being told detainees were being locked in their cells for up to 22 hours a day.

Page 18: New plans for a stunning facelift to Cottesloe’s iconic Indiana Tea House have gained overwhelming support in a social media poll.

Business: A crippling insurance crisis that is sending small Australian businesses in the amusement, leisure and recreation sector to the wall and putting thousands of jobs at risk must be addressed by establishing a discretionary mutual fund.

A WA fly-in, fly-out worker who has been a victim of sexual harassment has created an app to not only help female workers in an emergency but also help them feel safe and able to cope with the isolation of mine site life.

Goldman Sachs economists have cut their forecasts for the US economy this year and next after deciding the spread of the Omicron strain of the coronavirus would exert a “modest downside” drag on growth.

Legislation designed to enhance the attractiveness of loans for seniors was introduced to Federal Parliament late last week.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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