29/04/2022 - 07:01

Morning Headlines

29/04/2022 - 07:01

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Morning Headlines

Big miners fear Labor jobs plan

BHP, Australia’s biggest company, says it is concerned about federal Labor’s ‘‘same job same pay’’ policy, while rival miners Fortescue Metals and Lynas also signalled they did not support the plan to target labour hire firms and casual work. The Fin

Aged-care workers strike for pay, staff

Thousands of aged-care workers in three states will strike on May 10 in protest against inadequate staffing and pay. The Aus

Labour crisis worsens for miners

A string of West Australian miners have raised concern over labour shortages and workers sidelined by COVID-19 as an increasing risk for the industry, clouding the ability of companies to give shareholders accurate production and sales guidance. The Aus

Plan to stop NAPLAN cheats

A popular app that corrects spelling and grammar could have given kids sitting online NAPLAN writing tests an unfair advantage — prompting education authorities to issue schools with updated anticheating software. The West

RBA caught between poll and markets

Treasurer Josh Frydenberg has reminded the Reserve Bank of Australia of its plan to wait for wages data due later this month before increasing interest rates, but most of the major banks are urging the RBA to move next week, right in the middle of the election campaign. The Fin

Hanson’s threat on preferences a big blow for PM

One Nation leader Pauline Hanson says she will use her preferences to try to defeat several moderate Liberal MPs, and help only the conservatives, in a strategy that would all but guarantee the demise of the Morrison government. The Fin

India eyes Australian critical minerals

India is scouting investments in Australian critical mineral mines to power its booming electric vehicles industry and reduce its dependence on China. The Fin

Juukan’s fighting bill tops $1m

The traditional owners of the Juukan Gorge rock shelters spent more than $1m responding to Rio Tinto’s destruction of the ancient sites. The Aus

Telstra takes stake in set-top box maker

Australia’s biggest telco Telstra will acquire a majority stake in streaming box maker Fetch at a valuation of around $100m. the Aus

Pentanet hit with border ‘churnover’

WA internet services provider Pentanet says the reopening of the State’s borders last month increased its customer churn rate, as it prepares to launch its neXus network. The West

 

 

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg has reminded the Reserve Bank of Australia of its plan to wait for wages data due later this month before increasing interest rates, but most of the major banks are urging the RBA to move next week, right in the middle of the election campaign.

Page 3: The Auditor-General could be called in to help cut the ballooning cost of the National Disability Insurance Scheme, with crossbencher MP Zali Steggall calling for an honest review of its design and sustainability.

High Court Justice Stephen Gageler has urged lawyers to get back into ‘‘the room where it happens’’ in a stark warning to the profession as it emerges from the coronavirus pandemic.

Page 5: The latest inflation figures have triggered pay increases of up to 8 per cent for some workers, even as the vast majority are facing thousands of dollars in real wage cuts.

Page 6: One Nation leader Pauline Hanson says she will use her preferences to try to defeat several moderate Liberal MPs, and help only the conservatives, in a strategy that would all but guarantee the demise of the Morrison government.

Page 8: More than half of businesses experienced cost increases over the past three months and many passed them on to their customers, a new Australian Bureau of Statistics survey found.

Page 10: BHP, Australia’s biggest company, says it is concerned about federal Labor’s ‘‘same job same pay’’ policy, while rival miners Fortescue Metals and Lynas also signalled they did not support the plan to target labour hire firms and casual work.

Fourteen Australian companies were required to purchase about $15 million worth of carbon credits last financial year to comply with the federal government’s safeguard mechanism that monitors the country’s biggest carbon emitters.

Page 11: Aged care workers are set to take unprecedented industrial action in the middle of the election campaign next month over concerns about low pay and understaffing.

Page 12: The Coalition has rubbished Labor’s push to cut billions from the federal government’s corporate consulting, contractor and labour hire bill, warning a return to Rudd-Gillard levels of growth in the bureaucracy would cost $4.5 billion.

Page 15: India is scouting investments in Australian critical mineral mines to power its booming electric vehicles industry and reduce its dependence on China.

 

 

The Australian

Page 1: Business leaders have called on the Coalition and Labor to outline more detailed economic reforms before the May 21 election to shore up the nation’s defences against the risk of a downturn as the Reserve Bank prepares to lift rates to tame inflation.

Page 3: The traditional owners of the Juukan Gorge rock shelters spent more than $1m responding to Rio Tinto’s destruction of the ancient sites.

Page 4: Thousands of aged-care workers in three states will strike on May 10 in protest against inadequate staffing and pay.

Indigenous Australians Minister Ken Wyatt has stood by his call for politicians to be given a pay rise, despite the average Australian worker’s wage going back-wards in real terms.

Page 7: Britain’s Foreign Secretary, Liz Truss, has called for a new “global NATO”, arguing the US and European defence alliance needs to extend its reach to boost Indo-Pacific security in the face of growing Chinese assertiveness.

Page 8: The university workers’ union is demanding up to 30 days of gender-affirmation leave across the nation’s campuses for staff who are gender transitioning.

Page 17: Australia’s biggest telco Telstra will acquire a majority stake in streaming box maker Fetch at a valuation of around $100m.

Page 18: A string of West Australian miners have raised concern over labour shortages and workers sidelined by COVID-19 as an increasing risk for the industry, clouding the ability of companies to give shareholders accurate production and sales guidance.

 

 

The West Australian

Page 1: CBD businesses are breathing a sigh of relief as most of the State’s COVID social restrictions — including face masks — are lifted today, raising hopes that long-stalled city trade is about to come roaring back.

Page 3: More West Australians are being frozen out of the rental market as prices continue to climb, with charities also facing greater demand.

Page 4: Smiles are back in WA — and the removal of the mask mandate is prompting some of the State’s biggest employers to get their staff back in the office, too.

Page 7: Labor leader Anthony Albanese will touch down in Perth on Friday for his first interstate visit after spending a week in COVID isolation.

Page 8: WA is the only State where the Liberal Party won’t send Senate preferences to Clive Palmer’s United Australia Party, provoking Mark McGowan into his most significant intervention of the Federal election campaign.

Page 9: Unions that helped get WA Labor re-elected last year are calling on Mark McGowan to give the public sector workforce a pay rise that matches the State’s soaring inflation rate.

Page 21: A popular app that corrects spelling and grammar could have given kids sitting online NAPLAN writing tests an unfair advantage — prompting education authorities to issue schools with updated anti-cheating software.

Business: WA goldminer Silver Lake Resources has withdrawn its full-year guidance, blaming “severe” disruptions to its operations caused by COVID-19 related labour shortages and supply chain disruptions.

The removal of Western Australia’s mask mandate and the easing of a raft of other COVID-19 measures is tipped to have a “net positive” impact on the State’s economy.

Len Buckeridge’s widow has stepped up attacks on the executors of his $2 billion-plus estate, alleging they sought a private ruling with incorrect records and then used that ruling to avoid paying tax.

WA internet services provider Pentanet says the reopening of the State’s borders last month increased its customer churn rate, as it prepares to launch its neXus network.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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