05/01/2022 - 10:12

Morning Headlines

05/01/2022 - 10:12

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Morning Headlines

ACCC ready to take on Apple Pay

The Australian Competition and Consumer Commission has warned it is well advanced in its investigation into Apple Pay’s dominance over digital payments as the watchdog vows to crack down on banks, fintechs and the incursion of Apple, Facebook and Google into financial services. The Fin

LNG enjoys $48b bounce on recovery in exports to China

Australia reaped lucrative gains from strong international energy prices and demand in 2021, with LNG export revenues surging by 25 per cent back close to $50 billion and China overtaking Japan as its largest customer. The Fin

Real number of virus cases understated

Top health officials have admitted the true number of coronavirus cases is underestimated because of testing delays and people dismissing mild symptoms, as national cabinet prepares to reboot the testing system and redefine how to count people in hospital with COVID-19. The Fin

Iso order for new year partygoers as bar staffer tests positive

Hundreds of New Year’s Eve revellers are being told to isolate after potentially being exposed to coronavirus from a Perth CBD bar worker who tested positive on Tuesday. The West

Shortages could last five years: KPMG

Hundreds of Australian business leaders cite crippling labour shortages as their biggest challenge going into 2022 and warn they will remain a concern for the next three to five years. The Fin

Japan, Australia seal defence ties

Japan this week will sign its most significant defence agreement in more than 60 years by upgrading its military cooperation with Australia. The Aus

Economists see dollar at US73c by June

Economists have downgraded their medium-term forecasts for the Australian dollar in the expectation that the US Federal Reserve will raise interest rates well ahead of the Reserve Bank even as the omicron variant’s disruption keeps financial markets and central banks on edge. The Fin

Home loans, credit card lending rise

Lending for mortgages hit a record in November, the latest Australian Prudential Regulation Authority data showed yesterday, with overall mortgage lending to owner-occupiers was up by $11.2 billion or 0.9 per cent. The Fin

Property values now bordering on a boom

WA’s tight border controls have hit property price growth but Perth’s affordability compared to the rest of the country is tipped to push home values higher this year. The West

 

 

The Australian Financial Review

Page 1: The Australian Competition and Consumer Commission has warned it is well advanced in its investigation into Apple Pay’s dominance over digital payments as the watchdog vows to crack down on banks, fintechs and the incursion of Apple, Facebook and Google into financial services.

Page 2: Top health officials have admitted the true number of coronavirus cases is underestimated because of testing delays and people dismissing mild symptoms, as national cabinet prepares to reboot the testing system and redefine how to count people in hospital with COVID-19.

Page 3: Hundreds of Australian business leaders cite crippling labour shortages as their biggest challenge going into 2022 and warn they will remain a concern for the next three to five years.

Young people struggling to get a toehold in the property market are being further thwarted as average student loan amounts soar and the numbers of graduates with loans of more than $100,000 rises.

Page 5: Australia’s dramatic daily COVID-19 case growth will probably continue for several weeks before plateauing in February, experts say, although measures such as isolating and getting booster shots could shorten that timeline.

Page 12: Economists have downgraded their medium-term forecasts for the Australian dollar in the expectation that the US Federal Reserve will raise interest rates well ahead of the Reserve Bank even as the omicron variant’s disruption keeps financial markets and central banks on edge.

Page 12: Australia reaped lucrative gains from strong international energy prices and demand in 2021, with LNG export revenues surging by 25 per cent back close to $50 billion and China overtaking Japan as its largest customer.

Page 13: Lending for mortgages hit a record in November, the latest Australian Prudential Regulation Authority data showed yesterday, with overall mortgage lending to owner-occupiers was up by $11.2 billion or 0.9 per cent.

Page 15: Australian coal power generation fell to its lowest level in the final three months of 2021 as the rapid uptake of solar pushed renewable energy sources to nearly a third of all electricity produced on the main grid.

 

The Australian

Page 1: Commonwealth bureaucrats, in confidential briefings, told the nation’s business leaders in October that there would not be significant supply issues associated with the rollout of rapid antigen tests while lauding their safety, cost effectiveness and ability to protect the community.

Japan this week will sign its most significant defence agreement in more than 60 years by upgrading its military cooperation with Australia.

Page 4: A landlord who went without rent for a year as a result of the WA government’s COVID pandemic protections for tenants has had her compensation claim thrown out in the State Administrative Tribunal.

Page 13: Australia’s sovereign wealth fund has put listed companies including some of the country’s largest retailers on notice against seeking to profiteer from the pandemic and showering executives with beefedup salaries and bonuses.

Page 15: The nation’s biggest superannuation fund, AustralianSuper, says it opposes the Morrison government’s “fundamental shift” to the class action litigation system.

Lithium-focused Vulcan Energy has boosted its projected footprint in the Upper Rhine Valley of Germany by more than 50 per cent after securing five new exploration licences.

Page 19: St Barbara, the ASX-listed miner with projects in Western Australia and Papua New Guinea, says it is on schedule to restart its troubled Simberi operations north of Port Moresby.

 

The West Australian

Page 1: Two of WA’s most powerful unions allege that extreme heat at a Perth commercial laundry led to the tragic death of a 55-year-old woman just before Christmas.

Hundreds of New Year’s Eve revellers are being told to isolate after potentially being exposed to coronavirus from a CBD bar worker who tested positive on Tuesday.

Page 4: WA Police has launched an internal investigation after one of the force’s official social media accounts was used to question Commissioner Chris Dawson about the efficacy of COVID-19 vaccines.

Page 9: WA’s tight border controls have hit property price growth but Perth’s affordability compared to the rest of the country is tipped to push home values higher this year.

Page 10: A US jury has found Theranos founder Elizabeth Holmes guilty of defrauding investors in the blood-testing start-up company.

Business: ASX-listed lithium stocks have started 2022 where they finished in 2021, with several touching all-time highs.

Long-battling creditors of the failed Bell Group are receiving $110 million-plus of late bonuses as the liquidation of Alan Bond’s one-time bilking cow draws to a close.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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