13/12/2021 - 06:50

Morning Headlines

13/12/2021 - 06:50

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Morning Headlines

Surging economy takes ‘$100b off deficit’

Treasurer Josh Frydenberg will unveil a $103 billion improvement to the nation’s finances on Thursday, just as the Australia Bureau of Statistics announces 200,000 people surged back into the workforce in November. The Fin

Rinehart buys into Senex

Gina Rinehart is winding up a record year for her diversified business empire with a deal to buy nearly half of Australian gas producer Senex Energy in a $900 million partnership with South Korea steel giant Posco. The West

CEOs’ poll wish list: climate change, jobs

Australia’s top business leaders want concrete government policy actions to turn the nation into a global clean energy superpower and promote electric vehicles and carbon capture and storage for heavy industry. The Fin

$7bn new deal to drive jobs

The federal government will partially underwrite up to $7bn in new loans for small businesses hit by the Delta wave lockdowns in a bid to fuel a post-Covid investment and jobs boom in the engine room of the economy. The Aus

Hunt urges early booster on omicron fears

Australians are being urged to get COVID-19 booster shots as early as possible amid concern many double-vaccinated people may have almost no protection against the omicron variant. The Fin

Bitcoin bounces back from ban

Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The West

Mechanics will need EV training

Electric vehicle owners could face long waits to have their cars serviced due to a predicted shortage of qualified mechanics, with new modelling showing Australia will need about 7300 EV technicians by 2030 to maintain the growing fleet. The Fin

Luxury, family cars could be hit by diesel shortfall

Drivers of some of Australia’s most popular family and luxury vehicles could be hit by a looming shortage of suitable diesel fuel that has sent the Morrison government scrambling to secure extra supply from Japan. The Fin

Vulcan thinks bigger with lithium study

Gina Rinehart-backed Vulcan Energy Resources has pushed back the timetable for the first phase of its definitive feasibility study because it reckons it could produce much more lithium than previously thought. The Fin

Local members to choose Lib candidate

Grassroots members of the WA Liberal Party will pick Christian Porter’s replacement in the must-win seat of Pearce, in what’s shaping up to be a preselection contest between two women. The West

 

 

The Australian Financial Review

Page 1: Sydney-based Blackbird Ventures has opened its books to reveal itself as Australia’s biggest venture capital fund in terms of gains made on its early-stage investments, having turned $1.3 billion invested since 2013 into a portfolio valued at $10 billion.

Australia’s top business leaders want concrete government policy actions to turn the nation into a global clean energy superpower and promote electric vehicles and carbon capture and storage for heavy industry.

Page 3: Treasurer Josh Frydenberg will unveil a $103 billion improvement to the nation’s finances on Thursday, just as the Australia Bureau of Statistics announces 200,000 people surged back into the workforce in November.

Page 4: Australians are being urged to get COVID-19 booster shots as early as possible amid concern many double-vaccinated people may have almost no protection against the omicron variant.

Page 5: Drivers of some of Australia’s most popular family and luxury vehicles could be hit by a looming shortage of suitable diesel fuel that has sent the Morrison government scrambling to secure extra supply from Japan.

Page 6: Getting high grades and choosing some harder subjects in the senior years significantly boosts the employment and income prospects of students when they hit their early 20s.

Page 7: Electric vehicle owners could face long waits to have their cars serviced due to a predicted shortage of qualified mechanics, with new modelling showing Australia will need about 7300 EV technicians by 2030 to maintain the growing fleet.

Page 8: South Korea was the first advanced manufacturing economy to recognise Australia’s ability to provide an alternative to China on critical minerals and rare earths, says the head of a Dubbo-based exporter that will be among business leaders who meet President Moon Jae-in this week.

Page 13: Record levels of merger and acquisition activity look set to continue in 2022, with big cashed up super funds and ESG themes such as decarbonisation tipped to drive deal flow in another busy year for deal makers.

Page 15: Small and medium-sized enterprises could be big winners as the banks look to blockchain, as a survey reveals two in three SMEs have been hit by a lost, stolen or fraudulent paper-based bank guarantee.

Page 16: Gina Rinehart-backed Vulcan Energy Resources has pushed back the timetable for the first phase of its definitive feasibility study because it reckons it could produce much more lithium than previously thought.

 

 

The Australian

Page 1: The federal government will partially underwrite up to $7bn in new loans for small businesses hit by the Delta wave lockdowns in a bid to fuel a post-Covid investment and jobs boom in the engine room of the economy.

Page 2: An advertising company is refusing to run content from strident China critic and Senate candidate Drew Pavlou supporting the diplomatic boycott of the Beijing Winter Olympics.

ANZ chief executive Shayne Elliott and Woodside chief executive Meg O’Neill are among a group of senior Australian business people taking part in a breakthrough video meeting with Chinese business leaders on Monday.

Page 3: Top private schools will bill families with mortgage-sized fees next year after many froze tuition costs early in the pandemic.

Page 4: Australian households are paying $128 less on their power bills than two years ago as falling wholesale energy prices push electricity costs to their lowest levels in eight years.

Page 7: The federal government is encouraging Australians to start using an app that combines artificial intelligence and photo recognition to help consumers sort their recycling in a bid to cut waste contamination.

The ABC’s former news director, Gaven Morris, has wasted little time finding a new job, launching a digital transformation consultancy at Australia’s biggest independent advertising firm.

Page 15: Crown Resorts chief executive Steve McCann will on Monday hold the gaming group’s first investor day since it received an $8.5bn takeover offer from Blackstone in November, as he ramps up pressure on the private equity giant to raise its bid.

Page 16: A review of the banking industry’s self-appointed watchdog says it should be allowed to regularly name and shame lenders in a bid to drive greater compliance and better consumer outcomes.

 

 

The West Australian

Page 3: Almost 90 per cent of former Afghan refugees want Australia to be their forever home but face big barriers to employment, WA research has revealed.

Page 4: Convincing the 20 per cent of West Australians who aren’t fully vaccinated to roll up their sleeves is the priority, but those eligible for a booster should get it before the border opens.

Page 7: Grassroots members of the WA Liberal Party will pick Christian Porter’s replacement in the must-win seat of Pearce, in what’s shaping up to be a preselection contest between two women.

Business: Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year.

Gina Rinehart is winding up a record year for her diversified business empire with a deal to buy nearly half of Australian gas producer Senex Energy in a $900 million partnership with South Korea steel giant Posco.

Virgin Australia’s regional business has pulled off a major coup in luring Network Aviation’s chief operating officer Nathan Miller to head its rejuvenated Perth-based operation.

The national boss of one of the world’s biggest hotel chains says WA shouldn’t expect a flood of business travellers when they’re finally allowed to return once the State borders reopen.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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