Morning Headlines

Woodside, Santos laggards in global green rankings

Woodside Petroleum and Santos have been listed way down in a global ranking of oil and gas companies judged on their preparedness for a low carbon world, lagging significantly behind most European majors who dominate the top spots. The Fin

Japan firm IDOM is selling DVG back

Japanese group IDOM is selling one of Perth’s biggest car dealership chains to a management-led consortium, just six years after arriving in the State. The West

Lockdown in Beijing hits markets

China’s capital Beijing is preparing to go into a hard lockdown as the country struggles to contain a coronavirus outbreak that is crippling supply chains and forcing more factories to close, threatening the stability of the world’s second-largest economy. The Fin

Telstra’s O-Week initiative seeks to entice staff back to the office

Traditional welcome to country ceremonies, fireside chats with the chief executive, motivational speakers, daily door prizes, foyer expos and free coffee will be rolled out at Telstra offices next week for ‘‘O-Week’’ to encourage more of its 30,000 staff to return to the office. The Fin

Union boss demands 5% boost to minimum wage

Union boss Sally McManus is pushing for wages and insecure work to become a bigger focus of the election campaign and says if Labor wins unions want it to back a “proper minimum wage increase”. The West

Middle East funds in for KKR’s Ramsay Health bid

While health workers’ superannuation fund HESTA’s involvement in KKR & Co’s consortium to acquire Australia’s Ramsay Health Care is no secret, the biggest co-investors are understood to be sovereign wealth funds from the Middle East. The Fin

Albanese to bring in overseas health workers

Anthony Albanese will recruit overseas health workers as a “stop-gap measure” after conceding immediate labour shortages will impact on his election promises to deliver 24/7 nurses in aged-care homes and emergency Medicare clinics. The Aus

Acure looking to raise $20.5m to get struggling shopping centre back on its feet

Perth funds manager Acure was last year sighted trying to float a diversified property fund, Acure Core Plus REIT, which was slated to own 10 commercial properties across the country valued at $244.3m. The Aus

Net zero target is urgent, funds say

Australia’s $2.6 trillion superannuation fund sector has a “sense of urgency” about the need for the economy to move to net carbon zero by 2050, according to Association of Super Funds chief executive Martin Fahy. The Aus

Minerals 260 boss upbeat on Moora

Minerals 260 boss David Richards says the gold and copper hits the Liontown Resources spin-out company is getting at its Moora project shows how much of WA’s mineral wealth is yet to be discovered. The West

The Australian Financial Review

Page 1: China’s capital Beijing is preparing to go into a hard lockdown as the country struggles to contain a coronavirus outbreak that is crippling supply chains and forcing more factories to close, threatening the stability of the world’s second-largest economy.

Page 3: Inflation is poised to surge to a 14-year high of about 4.5 per cent this week and the rising price pressures will reignite election debate about the cost of living.

Traditional welcome to country ceremonies, fireside chats with the chief executive, motivational speakers, daily door prizes, foyer expos and free coffee will be rolled out at Telstra offices next week for ‘‘O-Week’’ to encourage more of its 30,000 staff to return to the office.

Page 7: Thousands of teenagers could miss out on a university education because neither of the major parties has a plan to accommodate the looming demographic crunch caused by the Costello-era baby boom.

Page 11: French President Emmanuel Macron faces the enormous tasks of helping to spearhead Europe’s efforts to contain Russian aggression and to forge ahead with his reform agenda after he fended off a stiff challenge from far-right populist Marine Le Pen to secure a second five-year term.

Page 14: While health workers’ superannuation fund HESTA’s involvement in KKR & Co’s consortium to acquire Australia’s Ramsay Health Care is no secret, the biggest co-investors are understood to be sovereign wealth funds from the Middle East.

Page 15: Intellihub has acquired grid management company GreenSync as part of a move by the Brookfield Asset Management-backed smart meter provider to better manage electricity demand ‘‘behind the meter’’ as intermittent wind and solar power expands at the expense of fossil fuels.

Page 17: Woodside Petroleum and Santos have been listed way down in a global ranking of oil and gas companies judged on their preparedness for a low carbon world, lagging significantly behind most European majors who dominate the top spots.

Page 19: Perpetual’s ambitious bid to acquire rival fund manager Pendal has reached a stalemate with the group giving no clues as to whether it will increase its share-and-scrip offer.

The government’s financial intelligence agency wants banks to adopt more rigorous processes to monitor customers who may be using cryptocurrencies to facilitate serious crime and to report any suspicious activity.

The Australian

Page 1: Businessman Simon Holmes a Court could reap a bonanza for his commercial interests if a team of independent candidates funded by his Climate 200 campaign organisation is elected next month and succeeds in pressuring a Coalition or Labor government to speed up Australia's cuts to carbon emissions.

Labor will vow to push back against Chinese influence in the Pacific by "substantially" increasing regional aid, boosting defence ties with island nations and doubling surveillance flights to detect illegal fishers.

Page 7: Anthony Albanese will recruit overseas health workers as a “stop-gap measure” after conceding immediate labour shortages will impact on his election promises to deliver 24/7 nurses in aged-care homes and emergency Medicare clinics.

Page 13: Solomon Lew was in discussions to buy department store David Jones from its South African owner Woolworths Holdings but walked from the deal – in what could be the first of many approaches by interested parties to acquire the 184-year-old retailer.

Page 14: Perth funds manager Acure was last year sighted trying to float a diversified property fund, Acure Core Plus REIT, which was slated to own 10 commercial properties across the country valued at $244.3m.

Page 17: Australia’s $2.6 trillion superannuation fund sector has a “sense of urgency” about the need for the economy to move to net carbon zero by 2050, according to Association of Super Funds chief executive Martin Fahy.

The West Australian

Page 3: Google has launched an “inclusive language” function designed to avoid the use of politically incorrect words.

Page 4: Union boss Sally McManus is pushing for wages and insecure work to become a bigger focus of the election campaign and says if Labor wins unions want it to back a “proper minimum wage increase”.

Page 14: A Kimberley cruise ship has been hit by a COVID outbreak just days after recreational interstate cruising was given a green light to resume in WA.

Page 16: Scammers are getting better at impersonating the Australian Taxation Office and using the information they glean to then steal money.

Page 18: An international research team has moved closer to developing a more sustainable, rechargeable “organic” battery model by doubling its energy storage capability.

Business: Japanese group IDOM is selling one of Perth’s biggest car dealership chains to a management-led consortium, just six years after arriving in the State.

Stocks, US futures and commodities sank with Treasury yields on Monday as China’s worsening COVID situation amplified concerns about a slowdown in demand in the world’s second-biggest economy.

WA has been warned not to be complacent on the State’s economy despite surging commodities prices, as a report shows economic activity last year was more than one-third above the average of the past decade.

Minerals 260 boss David Richards says the gold and copper hits the Liontown Resources spin-out company is getting at its Moora project shows how much of WA’s mineral wealth is yet to be discovered.

Emyria could eventually expand its clinical trial-grade data system — used to accelerate the development of its medicinal cannabis and psychedelic treatments — to assist other companies testing different drugs.