09/12/2021 - 06:56

Morning Headlines

09/12/2021 - 06:56

Bookmark

Save articles for future reference.
Morning Headlines

Afterpay fees to hit consumers

Customers of Afterpay and Zip may be forced to pay buy now, pay later fees now borne by shopkeepers under plans for more intensive regulation of the fast-growing sector being considered by Treasurer Josh Frydenberg and the Reserve Bank of Australia. The Fin

PM fast tracks funds as China, Covid bite

Scott Morrison has accelerated the government’s $1.3bn manufacturing scheme and brought forward funding for projects and products, in a bid to protect Australia’s strategic interests amid Covid-19 disruption, Chinese aggression in the Indo-Pacific and threats to supply chains. The Aus

Perth zinc miner switches horses from China to US

Perth-based miner Ironbark Zinc looks set to surf a wave of geopolitical project funding aimed at curbing China’s global influence, as it looks to get a project in remote northern Greenland over the line. The Fin

Ministers ‘are fobbing off the transport crisis’

Transport operators have accused the Morrison government of downplaying and “fobbing off” an expected collapse in the supply of critical diesel exhaust fluid. The Aus

Coles turns to social media in battle for tech workers

Supermarket giant Coles is taking the unprecedented step of launching an advertising campaign with the sole purpose of finding 70 new technology staff to work on its e-commerce business. The Fin

Airports remain a hot investment ticket

The price investors are willing to pay for airports globally took a hit after the omicron variant of COVID-19 emerged but is higher than before the pandemic broke out, analysis from Grant Thornton shows. The Fin

Andrew Forrest inches up at Western Areas

Andrew Forrest’s investment vehicles seem to be ruffling some feathers among nickel miners and processors in Western Australia. The Fin

Premier sets top silk on to Palmer

WA Premier Mark McGowan has hired top silk Bret Walker SC to lead his defamation trial against Queensland billionaire Clive Palmer, with taxpayers to foot the bill for the high-profile legal representation. The Aus

NSW Premier’s GST whinge shut down

The Federal Government has told NSW Premier Dominic Perrottet to “move on” after he had another whinge that the GST distribution deal unfairly advantages WA. The West

Optus to push 5G quality in WA launch

Optus plans to start rolling out its fastest 5G internet speeds in Perth by September next year. The West

 

 

The Australian Financial Review

Page 1: Customers of Afterpay and Zip may be forced to pay buy now, pay later fees now borne by shopkeepers under plans for more intensive regulation of the fast-growing sector being considered by Treasurer Josh Frydenberg and the Reserve Bank of Australia.

Page 2: Supermarket giant Coles is taking the unprecedented step of launching an advertising campaign with the sole purpose of finding 70 new technology staff to work on its e-commerce business.

Page 3: Billionaire retailer Solomon Lew and his chief executive Richard Murray have publicly thrown their support behind the Morrison government being re-elected, claiming the federal government ‘‘saved Australia’’ and signalling that their business is on track for its best Christmas.

Page 6: Seven out of 10 Australians aged 18 and older say they will get a coronavirus vaccine booster shot but hesitancy remains highest in states that avoided the recent delta outbreak.

Page 8: An additional 450,000 people could rejoin the workforce and help relieve shortages in sectors such as tourism and hospitality if the government relaxes the income test to allow pensioners to earn more before their payments are reduced, business and seniors groups say.

Hostplus has agreed to divest from companies linked to the nuclear weapons industry after coming under pressure from progressive think tank the Australia Institute and Quit Nukes.

Page 17: Woodside Petroleum will target investments of $US5 billion ($7 billion) in emerging new energy this decade as it works to enhance its resilience to the energy transition, but has advised returns will be lower on those projects compared with its traditional oil and gas business.

The price investors are willing to pay for airports globally took a hit after the omicron variant of COVID-19 emerged but is higher than before the pandemic broke out, analysis from Grant Thornton shows.

Page 18: Andrew Forrest’s investment vehicles seem to be ruffling some feathers among nickel miners and processors in Western Australia.

Page 19: Incoming domestic airline challenger Bonza will operate eight jets in its first year of operation – leased entirely from owner 777 Partners’ fleet of Boeing 737 MAX aircraft – and operate on up to 40 routes, chief executive Tim Jordan says.

Page 21: Local experts say Treasurer Josh Frydenberg’s plans to regulate the crypto industry will turbocharge innovation and investment, but they are disappointed that a tax break for bitcoin miners using renewable energy will fail to align with Australia’s climate goals.

Page 22: Green hydrogen advocate Fortescue Future Industries has joined AGL Energy, the country’s biggest carbon emitter, to examine a potential green hydrogen plant in the Hunter Valley at the site of AGL’s two huge coal-fired power stations.

Perth-based miner Ironbark Zinc looks set to surf a wave of geopolitical project funding aimed at curbing China’s global influence, as it looks to get a project in remote northern Greenland over the line.

Page 23: Outdoor advertising company oOh! Media has found a buyer for Junkee Media after all the obvious contenders for the company dropped out of the race.

Optus chief executive Kelly Bayer Rosmarin says the telco is facing higher staff turnover as it struggles to retain and recruit data scientists and web and software designers in a highly competitive tech jobs market turbocharged by closed borders and the ‘‘great resignation’’.

 

 

The Australian

Page 1: Scott Morrison has accelerated the government’s $1.3bn manufacturing scheme and brought forward funding for projects and products, in a bid to protect Australia’s strategic interests amid Covid-19 disruption, Chinese aggression in the Indo-Pacific and threats to supply chains.

Page 2: Reserve Bank technocrats have been exercising “way too much power” over the nation’s payment systems, and policymaking needs to be made in a broader context of the national interest, senator Andrew Bragg says.

Page 3: The first study into how effective vaccines will be against the Omicron variant of Covid-19 shows that efficacy is significantly reduced and there is “extensive” immune escape of the virus in people who have been vaccinated.

Page 5: Strong demand for travel to Australia will help make up for the loss of Chinese visitors in the next year and set the industry on track for recovery, Tourism Minister Dan Tehan has said.

Scott Morrison has launched his first salvo in the election battle to win over aspirational voters, expanding the government’s home guarantee scheme to help thousands of first-home buyers, single parents and essential workers break into the property market.

West Australian Premier Mark McGowan says any suggestion his state’s reputation with the rest of the country has been tarnished during the pandemic is “rubbish”.

Page 6: Transport operators have accused the Morrison government of downplaying and “fobbing off” an expected collapse in the supply of critical diesel exhaust fluid.

Page 7: WA Premier Mark McGowan has hired top silk Bret Walker SC to lead his defamation trial against Queensland billionaire Clive Palmer, with taxpayers to foot the bill for the high-profile legal representation.

Page 13: Magellan Financial has quietly begun offering significantly lower fees to wealth managers after resisting those demands for years – with its poor performance pushing investors to withdraw their savings from its funds.

Page 14: Japanese trading company Sumitomo Corporation is understood to be working hard to find a distribution business to buy in Australia, with some questioning whether Elders could be in its sights.

 

 

The West Australian

Page 4: The Federal Government has told NSW Premier Dominic Perrottet to “move on” after he had another whinge that the GST distribution deal unfairly advantages WA.

Page 5: The COVID-19 vaccine rollout in Peppermint Grove has sputtered to a near halt, leaving the exclusive enclave as the only local government area in Perth that is yet to reach 80 per cent single dose coverage among over-15s.

Page 7: There are growing fears that a shortage of technicians within WA’s fire service may have a catastrophic and potentially even deadly impact on the bushfire season.

Business: Euroz Hartleys has launched Supreme Court action against four departing advisers, alleging they stole information about clients before and after quitting to join rival stockbroker Canaccord Genuity.

Resources sector workers have more mild to moderate levels of depression, anxiety and stress than the general population but fewer cases that are categorised as severe and extremely severe, according to a survey.

Trading in shares of Chinese real estate developer Kaisa was halted on Wednesday for the second time in two months, as troubles in China’s property sector resurfaced this week.

Australian fintech firm Finder, which helps clients invest and save money, completed its first fundraising at a valuation of $680 million, tapping growing investor demand for tech investments in the region.

Optus plans to start rolling out its fastest 5G internet speeds in Perth by September next year.

Shares in Perth-based Emmerson Resources have soared after the company hit thick, high-grade copper intersections at its Hermitage project in the Northern Territory.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options