23/12/2021 - 06:56

Morning Headlines

23/12/2021 - 06:56

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Morning Headlines

60,000 more Aussies off welfare

The number of Australians on unemployment benefits has dropped to the lowest level since April 2020, as a lift in payrolled jobs signalled the post-Delta labour market recovery would extend into December. The Aus

Retailers’ stocking problems hurt late Christmas shoppers

Last-minute Christmas shoppers are likely to be frustrated by patchy stock levels or empty shelves for some gifts, contributing to forecasts that spending will fall short of 2020’s bumper level. The Fin

More buying first homes in midlife as prices soar

Australia’s property price boom is forcing people to wait longer to get into the housing market, and the number of people waiting until their 40s and 50s, often only helped along by an inheritance, is rising. The Fin

AdBlue makers can collude on crisis: ACCC

The competition watchdog will allow AdBlue manufacturers to collaborate to fix critical shortages of the key diesel fuel additive without running foul of competition laws, as a global squeeze in the supply of a key ingredient threatens to shut down the trucking industry. The Aus

Qantas cabin crew reject new pay deal

Qantas international cabin crew have overwhelmingly rejected a new four-year pay deal, that sought to freeze wages for two years and roster staff on more standby shifts. The Aus

Twiggy’s nickel scoop

WA billionaire Andrew Forrest has pledged to build Canada’s next great mineral district after outgunning the world’s biggest miner in the fight for a coveted nickel project in Ontario. The West

Used cooking oil powers remote EV chargers

Jon Edwards, the founder of not-for-profit BiØfil, has developed the “world-first” EV charging station, with plans to launch a second unit in mid-January. The West

SeaLink to boost Rotto

Rottnest Island ferry operator SeaLink is expanding its fleet with a third ferry at a cost of $6 million, providing a boost to the island’s tourism for summer. The West

 

 

The Australian Financial Review

Page 2: Last-minute Christmas shoppers are likely to be frustrated by patchy stock levels or empty shelves for some gifts, contributing to forecasts that spending will fall short of 2020’s bumper level.

Page 9: Australia’s property price boom is forcing people to wait longer to get into the housing market, and the number of people waiting until their 40s and 50s, often only helped along by an inheritance, is rising.

Page 22: Fund manager Doug Tynan, who shot to prominence after identifying the accounting irregularities that triggered Slater & Gordon’s unforgettable implosion, says the central bank-fuelled bull market has made short-selling currently unviable.

Page 24: Korea Zinc, the world’s largest producer of zinc, lead and silver, has taken a major stride towards exporting green hydrogen from Australia to South Korea after it snapped up renewable energy developer Epuron in a deal that will give it access to a potential 9 gigawatts of wind and solar generation.

Page 29: Rio Tinto will spend $US825 million ($1.15 billion) to accelerate its push into lithium by acquiring an undeveloped project close to Orocobre’s flagship Olaroz operation in Argentina.

 

 

The Australian

Page 1: State and territory leaders will loosen rules around casual contacts, use QR codes to monitor rather than police people’s movements and consider removing strict Covid-19 testing requirements for travellers, under a strategy that shifts resources into fasttracking booster vaccines and preparing hospitals.

Defence Minister Peter Dutton has accused China of pursuing an aggressive plan to militarise space to undermine the warfighting abilities of Western nations including Australia.

The number of Australians on unemployment benefits has dropped to the lowest level since April 2020, as a lift in payrolled jobs signalled the post-Delta labour market recovery would extend into December.

Page 2: The competition watchdog will allow AdBlue manufacturers to collaborate to fix critical shortages of the key diesel fuel additive without running foul of competition laws, as a global squeeze in the supply of a key ingredient threatens to shut down the trucking industry.

Page 4: West Australian Premier Mark McGowan has mandated booster vaccinations for around threequarters of the state’s workforce and has further tightened border restrictions with the rest of the country as the threat of the Omicron variant continues to build ahead of the state’s planned reopening to the world.

Qantas international cabin crew have overwhelmingly rejected a new four-year pay deal, that sought to freeze wages for two years and roster staff on more standby shifts.

Page 5: Unvaccinated parents will be free to visit West Australian schools – including volunteering in canteens and attending assemblies and parent-teacher interviews – when the new school year begins in February.

Page 13: Construction giant CIMIC’s explanation for delays in paying hundreds of workers in the Middle East has come under attack from a Qatari judicial administrator, which plans to accelerate efforts to claw back more than $350m in debts owed to local businesses.

Page 16: Oil and gas giant Woodside will spend the next six months working with two major potential Asian customers on the feasibility of its proposed liquid hydrogen exports out of Western Australia.

 

 

The West Australian

Page 4: Record numbers of COVID cases in five States and Territories have left testing clinics around the country inundated before Christmas.

Page 5: WA has become one of the first places in the world to mandate booster shots in a bid to stop the State’s hospital system coming under “extreme pressure” when the border reopens.

Page 7: An unstaffed Forrestfield service station has been officially declared Perth’s motorist mecca — home of the city’s cheapest petrol in 2021.

Page 8: A childcare centre in the Great Southern region has been fined $32,500 after a baby fell into a scorching hot mop bucket “filled with three kettles of boiled water”.

Page 10: McDonald’s appears to target kids in poorer countries with social media marketing more than those in wealthier nations, an observational study has uncovered.

Business: WA billionaire Andrew Forrest has pledged to build Canada’s next great mineral district after outgunning the world’s biggest miner in the fight for a coveted nickel project in Ontario.

Mountaineer turned international investment and charity promoter Michael Dunjey is unable to leave Australia or spend more than $2000 a week amid a probe into a potential $90 million-plus investment empire.

Jon Edwards, the founder of not-for-profit BiØfil, has developed the “world-first” EV charging station, with plans to launch a second unit in mid-January.

Rottnest Island ferry operator SeaLink is expanding its fleet with a third ferry at a cost of $6 million, providing a boost to the island’s tourism for summer.

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