Morning Headlines

Monday, 2 May, 2022 - 06:59
Category: 

Browse accelerated to 2024

BP Australia has joined other major energy producers back in the black and provided the first outside confirmation of the accelerating evaluation work to kickstart WA’s huge Browse gas project. The West

Resort’s sale took $12m off charity

More than $12m has been wiped from the value of funds in an  Aboriginal trust after a series of contentious gifts and purchases signed off by ASX-listed funds manager Equity Trustees. The Aus

Qantas in $34 billion deal for more than 150 fuel-saving planes

Qantas will place the biggest order in its 102-year history on Monday, signing up for more than 150 Airbus jets to take the airline towards its target of net-zero emissions by 2050. The West

Labor’s pitch: no one left behind

Low-cost housing, cheaper medicines, sovereign manufacturing and a better paid and stronger care sector are at the core of Anthony Albanese’s official pitch to become just the fourth Labor leader in 70 years to take his party from opposition to government. The Fin

Rate rise ‘a must’ for RBA independence

Reserve Bank of Australia governor Philip Lowe has been urged to ignore the election campaign and cement the RBA’s independence from politics by raising interest rates tomorrow to tame inflation. The Fin

McGowan slams Coalition Senate deal with Palmer

West Australian Premier Mark McGowan says the Liberal Party’s willingness to preference Clive Palmer’s United Australia Party shows the Coalition ‘‘hasn’t learnt its lesson’’ about the dangers of dealing with the mining magnate, and is an insult to every Australian. The Fin

Mining sector loses $1bn a year due to outsourcing: report

A new report has found the use of labour-hire workers and casualisation in the mining sector has slashed up to $989m a year from economic activity across five key resource seats. The Aus

Smart tech for aged care

Health tech could play a vital role in improving Australia’s aged care system and supporting understaffed nursing homes, according to the founder of a new app. The West

Winemaker backs uranium float

Winemaker John Casella, whose company owns the world-famous Yellow Tail brand, is among the high-profile backers of a new float focused on uranium exploration in the Northern Territory. The West

 

 

The Australian Financial Review

Page 1: Low-cost housing, cheaper medicines, sovereign manufacturing and a better paid and stronger care sector are at the core of Anthony Albanese’s official pitch to become just the fourth Labor leader in 70 years to take his party from opposition to government.

Page 3: Reserve Bank of Australia governor Philip Lowe has been urged to ignore the election campaign and cement the RBA’s independence from politics by raising interest rates tomorrow to tame inflation.

Page 5: West Australian Premier Mark McGowan says the Liberal Party’s willingness to preference Clive Palmer’s United Australia Party shows the Coalition ‘‘hasn’t learnt its lesson’’ about the dangers of dealing with the mining magnate, and is an insult to every Australian.

Labor’s policy to help low- and middle-income earners buy homes through a new government-backed scheme has won approval from the property sector and social service organisations, with calls for it to go beyond the planned 10,000 houses.

Page 8: The $31 billion national disability program has failed to deliver the increase in employment that is pivotal to its economic success, according to the latest reviews.

Page 14: The national union for academics says its move to increase its pay claim to 15 per cent is fully justified given last week’s inflation numbers.

Page 15: Toronto-based 3iQ Digital Asset Management could make history by listing Australia’s first exchange traded fund for cryptocurrencies, after it pounced on a technical delay that is holding up rival investment houses and applied to launch two ETFs on the local market.

Page 19: Blood products giant CSL is building the foundations for decentralised trials to be a core part of its research and development efforts within this decade, speeding up clinical development and opening up trials to more patients.

 

 

The Australian

Page 1: Anthony Albanese has promised to change Australia “for the better” and deliver reforms that play to traditional Labor strengths, providing cheaper childcare, power bills, electric vehicles, medicines and mortgages if he wins the May 21 election.

The ABC’s complaints handling process needs a “complete overhaul”, with an independent review finding the controversial in-house system is beset with flaws – most notably, the dubious practice of the public broadcaster being allowed to “mark its own homework”.

Page 3: More than $12m has been wiped from the value of funds in an Aboriginal trust after a series of contentious gifts and purchases signed off by ASX-listed funds manager Equity Trustees.

Page 5: Mark McGowan has delivered the ringing endorsement of Anthony Albanese the Opposition Leader has craved, with the West Australian Premier praising the would-be prime minister as a “great partner” for WA and talking up Labor’s economic credentials.

Page 6: Healthcare and medications would be more affordable for older Australians amid soaring inflation under a Morrison government pledge to change in-come test thresholds for seniors’ concession cards.

A new report has found the use of labour-hire workers and casualisation in the mining sector has slashed up to $989m a year from economic activity across five key resource seats.

Page 7: Defence Minister Peter Dutton gave the green light days before the election for the purchase, without an open tender process, of reconnaissance drones used by China and Russia.

Page 17: Nestle Australia, the local off-shoot of the global food conglomerate whose powerhouse brands include Nescafe, Nespresso, Milo, Allen’s lollies, Kit Kat and Purina pet food, was forced to ramp up its promotional campaigns in 2021 to maintain its growth trajectory.

 

 

The West Australian

Page 7: There was more talk about transgender girls playing sport in the first half of this election campaign than the (literally) burning issue which reportedly matters most to Australians — climate change.

Page 14: Close contacts of COVID cases can pick up another 10 free RATs from this week after isolation rules were eased for healthy West Australians.

Page 17: Qantas will place the biggest order in its 102-year history on Monday, signing up for more than 150 Airbus jets to take the airline towards its target of net-zero emissions by 2050.

Business: BP Australia has joined other major energy producers back in the black and provided the first outside confirmation of the accelerating evaluation work to kickstart WA’s huge Browse gas project.

Winemaker John Casella, whose company owns the world-famous Yellow Tail brand, is among the high-profile backers of a new float focused on uranium exploration in the Northern Territory.

Macau’s gaming revenue slump deepened in April, plunging 68 per cent from a year earlier to the lowest level in about 18 months as the world’s biggest gambling hub suffers from a tourist drought amid China’s COVID-19 lockdown measures.

Health tech could play a vital role in improving Australia’s aged care system and supporting understaffed nursing homes, according to the founder of a new app.