17/05/2022 - 06:58

Morning Headlines

17/05/2022 - 06:58

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Morning Headlines

Last-ditch bid to win in the west

Labor strategists expect the party will pick up just two seats at best in Western Australia, with Anthony Albanese's last-minute visit to the state signalling concerns about the inroads being made in must-win seats. The Aus

Galileo’s new surge on Creasy buy-up

Shares in junior explorer Galileo Mining jumped again on Monday after prospecting legend Mark Creasy topped up his holding in the company in a rare on-market buying spree. The West

Premier warned over pay increases

Unions have not ruled out industrial action in response to Premier Mark McGowan’s refusal to adjust the State’s public sector wages policy in response to soaring inflation. The West

Bigger debt and deficits under Labor

Federal Labor will go to the election on Saturday promising larger debt and deficits than the Coalition, but argue the extra spending is necessary to lift productivity. The Fin

Uber drivers prefer flexibility to pay rise

Flexibility is worth some $400 million to Uber drivers, according to new research, with drivers unwilling to trade away the benefit even for pay rises as high as 20 per cent. The Fin

Labor plans $1.5b medical manufacturing boost

An incoming Labor government would move to firm up Australia’s medical goods supply chains through the creation of a new $1.5 billion fund, designed to avoid a repeat of COVID-19 shortages. The Fin

‘States always ask for money’: McGowan

Despite a $5.7 billion budget surplus, surging resources royalties and a sweetheart GST deal with the federal government, Mark McGowan says he will push for more cash to fund health and education from an Albanese Labor government. The Fin

Pacific National taken to court over rail crash report

Pacific National has been drawn into a court battle with a federal agency, which wants the freight rail group to hand over a report and statements from an investigation into a fatal train crash in Western Australia. The Fin

Synergy deal ‘not done yet’

Chinese-controlled Premier Coal has walked back from an assertion suggesting the State Government will emerge with a $50 million equity stake in the Collie miner at the end of the decade. The West

Perth IVF company snapped up for $40m

Perth-based Fertility Specialists of WA has been snapped up by City Fertility in a $40 million deal. The West

 

 

The Australian Financial Review

Page 1: Federal Labor will go to the election on Saturday promising larger debt and deficits than the Coalition, but argue the extra spending is necessary to lift productivity.

Page 5: Flexibility is worth some $400 million to Uber drivers, according to new research, with drivers unwilling to trade away the benefit even for pay rises as high as 20 per cent.

Page 8: The Morrison government accepts its policy allowing the use of superannuation to buy a house will ‘‘bump’’ up prices in the short term, but claims this will be mitigated by other policy measures that increase supply.

An incoming Labor government would move to firm up Australia’s medical goods supply chains through the creation of a new $1.5 billion fund, designed to avoid a repeat of COVID-19 shortages.

Page 10: Despite a $5.7 billion budget surplus, surging resources royalties and a sweetheart GST deal with the federal government, Mark McGowan says he will push for more cash to fund health and education from an Albanese Labor government.

Page 14: New research shows institutional investors such as pension and sovereign wealth funds are more bullish owners of crypto assets than retail investors, but the fallout from the collapse of stablecoin terraUSD may dampen demand.

Page 15: Gas industry leaders look set to come under intense pressure this week on climate and east coast energy prices as the sector walks a tightrope between ESG pressures and global demand for their product that is forcing prices sky-high and worsening the growing cost-of-living crisis.

Page 17: The Financial Services Council (FSC) has called for a mandatory code of conduct to regulate advertising via technology giants Google and Facebook and the better protection of the public from financial scams.

Page 19: Pacific National has been drawn into a court battle with a federal agency, which wants the freight rail group to hand over a report and statements from an investigation into a fatal train crash in Western Australia.

Page 23: A new move-to-earn cryptocurrency lifestyle app born out of Adelaide is taking the crypto world by storm, but if you want to get in on the action you have to be willing to fork out almost $1000.

 

 

The Australian

Page 1: An upbeat and assertive Scott Morrison has vowed a Coalition government re-elected on Saturday will be ready to govern on Monday and “know what to do” unlike the Labor Party, which has acted “like a shadow” and announced more reviews than policies.

Page 4: Full-time and part-time workers covered by awards should have access to 10 days of paid family and domestic violence leave annually under a provisional Fair Work Commission decision hailed as a “historic step forward” by the union movement.

Page 7: Former ACTU secretary Bill Kelty says the Coalition’s superannuation policy will drive up house prices and deplete the savings of workers, denying them a decent retirement.

Page 8: Scott Morrison has repudiated assertions by Anthony Albanese that the US had expected the Labor Party to be briefed in advance on the nuclear-powered submarine agreement, saying no such request was put to him by the Biden administration.

Page 9: Labor strategists expect the party will pick up just two seats at best in Western Australia, with Anthony Albanese's last-minute visit to the state signalling concerns about the inroads being made in must-win seats.

Page 17: The godfather of Queensland’s coal-seam gas industry, Richard Cottee, has attacked Andrew Forrest for accusing the energy industry of greenwashing its environmental credentials, saying the billionaire had engaged in bullying behaviour not backed up by facts.

Flybuys, the nation’s largest and most valuable loyalty points program, blamed a “technical problem” for up to 600,000 members being wrongly issued with boosted points when shopping at Coles and began cancelling the points – but in a gesture of goodwill has reversed that decision.

Page 19: Shares in tech firm Infomedia skyrocketed more than 30 per cent on Monday after a takeover approach from a US private equity-backed consortium.

Page 21: Shares in junior explorer Galileo Mining jumped again on Monday after prospecting legend Mark Creasy topped up his holding in the company in a rare on-market buying spree.

Page 22: Graphite’s time has come, Renascor Resources managing director David Christensen says, with its role in the battery supply chain fundamentally changing the economics of the mineral.

 

 

The West Australian

Page 5: WA’s biggest disability service provider is closing the large-scale industrial worksites it has run for 70 years, leaving hundreds of disabled workers and support staff without jobs.

Page 7: Property experts say letting first-homebuyers use their superannuation will boost Perth’s median house price up to 3 per cent, as Scott Morrison refused to reveal if the Coalition had modelled the impact of its flagship re-election policy.

Page 16: Unvaccinated school staff stood down for their refusal to comply with the State Government’s COVID-19 vaccine mandate are back in classrooms after reporting positive infections.

Business: Unions have not ruled out industrial action in response to Premier Mark McGowan’s refusal to adjust the State’s public sector wages policy in response to soaring inflation.

DRA Global’s stand-in boss and two other senior executives have been banned from taking up a directorship with the engineering firm in the wake of an internal power play.

Chinese-controlled Premier Coal has walked back from an assertion suggesting the State Government will emerge with a $50 million equity stake in the Collie miner at the end of the decade.

Perth-based Fertility Specialists of WA has been snapped up by City Fertility in a $40 million deal.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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