16/05/2022 - 07:16

Morning Headlines

16/05/2022 - 07:16

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Morning Headlines

Sage clouds Mallee deal

A late offer by Perth Glory boss Tony Sage threatens Mallee Resources’ potential company-making deal to rescue a Tasmanian nickel mine from the wreckage of Dundas Mining. The West

Twiggy taunt reignites oil and gas clash

Fortescue Metals chairman Andrew Forrest has accused the country’s major energy producers for greenwashing the oil and gas industry and “putting lipstick on a pig”, and says they must come clean on their contribution to climate change. The Aus

Clough owners weigh up options

Clough is the latest construction company coming under intense scrutiny by the insolvency and restructuring industry, with suggestions an investigative accountant has been appointed. The Aus

Council votes to sue state over vaccine mandates

A local council in regional Western Australia has voted in favour of launching a Supreme Court action challenging the state’s ongoing vaccination mandates. The Aus

Lawyers lose as politics becomes the main way in

Federal parliament is still dominated by men with backgrounds in politics and the law, but it is becoming more diverse and educated as Gen X takes over from the Baby Boomers. The Fin

NDIS choice: lose money or risk safety

Unjustified NDIS cost cuts targeting the nation’s most severely disabled people are putting their health and safety at risk, disability service providers have warned. The Aus

PM takes on Labor, super funds

Scott Morrison has set up a contest over housing affordability with Labor and the superannuation industry just six days out from the election, by announcing home buyers will be able to use up to $50,000 each from their super account to get into the market. The Fin

ASX’s rebound to continue as crypto steadies

Australian shares are set to jump today after US Federal Reserve chairman Jerome Powell encouraged investors by suggesting the central bank will not lift the pace of interest rate increases beyond current expectations. The Fin

Roberts ready to Labor hard to win key seat

Labor’s star candidate for Pearce Tracey Roberts is unsurprised by polling that placed her marginally in front with less than a week to go, insisting the demographic make-up of the long-time Liberal stronghold had shifted over time. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison has set up a contest over housing affordability with Labor and the superannuation industry just six days out from the election, by announcing home buyers will be able to use up to $50,000 each from their super account to get into the market.

Page 8: Alan Joyce, Mike Cannon-Brookes, Lindsay Fox, Rod Eddington, Heather Ridout, Sam Mostyn, Ben Gray and John Mullen are among the business leaders who know and have worked with Labor leader Anthony Albanese and back his credentials to work with business.

Page 11: Federal parliament is still dominated by men with backgrounds in politics and the law, but it is becoming more diverse and educated as Gen X takes over from the Baby Boomers.

Page 18: India, the world’s second-largest wheat producer, has banned exports of the grain with some exceptions, a move that could compound a worldwide shortfall worsened by the war in Ukraine and exacerbate an already dire forecast for hunger across the globe.

Page 20: Australian shares are set to jump today after US Federal Reserve chairman Jerome Powell encouraged investors by suggesting the central bank will not lift the pace of interest rate increases beyond current expectations.

Page 24: The next federal government needs to develop stronger policies to ensure Australian-owned construction companies are included in building the country’s biggest infrastructure projects, contractors say.

Page 29: A little over 18 months ago, the acquisitive Northern Star Resources unveiled its biggest deal yet – a $16 billion tie-up with fellow Perth gold miner Saracen Mineral Holdings.

 

 

The Australian

Page 1: Unjustified NDIS cost cuts targeting the nation’s most severely disabled people are putting their health and safety at risk, disability service providers have warned.

Page 4: A local council in regional Western Australia has voted in favour of launching a Supreme Court action challenging the state’s ongoing vaccination mandates.

Page 5: Teenage boys who have been posting TikTok videos of themselves committing burglaries and riding in stolen cars will be sent to work on a remote pastoral station with no mobile data under a plan to deal with unprecedented youth crime in the Kimberley.

Page 6: The Labor Party and the nation’s $3 trillion superannuation sector say the Coalition’s plan for Australians to use up to $50,000 of their super to buy a first home will push up house prices across the country and undermine retirement incomes.

Page 7: A re-elected Morrison government will invest $454m in acquiring seven unmanned stealth aircraft to conduct air combat, reconnaissance and surveillance missions.

Page 9: Greens leader Adam Bandt will  release a $173bn seven-point balance of power “shortlist” at the party’s campaign launch in Queensland, declaring that “voters deserve to know what will be on the negotiating table”.

Anthony Albanese has sought to pressure the Coalition on the future of Medicare in the final days of the election campaign with a new $1bn investment to improve healthcare access that the government has dismissed as a “slush fund”.

Anthony Albanese’s proposal for a 5.1 per cent wage rise would lead to a rise in inflation of more than two percentage points and push up mortgage interest rates by 57 basis points, adding $273 a month to the average home loan repayments, analysis shows.

Page 15: Big fortunes will be made by investors that bankroll technologies to fast-track decarbonisation as pressures intensify on companies over net zero targets, according to the Australian-born global sustainability chief at one of the world’s biggest investment banks.

Fortescue Metals chairman Andrew Forrest has accused the country’s major energy producers for greenwashing the oil and gas industry and “putting lipstick on a pig”, and says they must come clean on their contribution to climate change.

Page 16: Clough is the latest construction company coming under intense scrutiny by the insolvency and restructuring industry, with suggestions an investigative accountant has been appointed.

Page 21: Communications Minister Paul Fletcher has delivered a stinging riposte to ABC advocates campaigning against the Coalition on the issue of public funding for the national broadcaster, warning the “true friends” of the media giant that it “should not be the platform for any particular ideology or political position”.

 

 

The West Australian

Page 5: Only about a third of West Australians in four key electorates are worried about COVID — despite infections soaring as the State’s active caseload doubled in the space of a fortnight.

Page 23: Anthony Albanese touched down in Perth on Sunday night as his fight to be the country’s next prime minister enters its final days.

Labor’s star candidate for Pearce Tracey Roberts is unsurprised by polling that placed her marginally in front with less than a week to go, insisting the demographic make-up of the long-time Liberal stronghold had shifted over time.

Business: A late offer by Perth Glory boss Tony Sage threatens Mallee Resources’ potential company-making deal to rescue a Tasmanian nickel mine from the wreckage of Dundas Mining.

A Supreme Court judge has given widow Mae Cardaci the go-ahead to use trust funds to investigate potential actions against her estranged brother-in-law Phil Cardaci and family trust companies.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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