Morning Headlines

Monday, 23 May, 2022 - 07:14
Category: 

BP’s green transition set to soar with aviation fuel

The British oil and gas company’s commitment to the construction of a plant to make renewable diesel and aviation fuel at the site near Fremantle, Western Australia, is due to kick off in earnest next year. The Fin

MinRes mulls Ashburton funding quest

The $11bn-plus Mineral Resources is thought to be giving creative thought as to how it funds its Ashburton Hub, an iron ore mining project that is set to cost as much as $2.55bn. The Aus

ELECTION: Miners to embrace ‘moderate’ agenda

The resources industry has warned Labor must keep to its promises for a moderate agenda in government, as figures including Fortescue Metals chief Andrew Forrest also welcomed expected progress on climate policy. The Aus

ELECTION: A man’s best friend? Western Australia

Prime Minister-elect Anthony Albanese has thanked Western Australia after a red tidal wave swept over Perth and likely helped Labor form a majority government. The West

ELECTION: Civil war as party faces wipeout

The second wipeout of the Liberal Party in Western Australia in the space of 14 months has reopened a civil war within the state branch, amid fears it could become a spent force for a generation. The Aus

ELECTION: Dutton set to become Liberal leader

Shattered Liberals are coalescing around Peter Dutton to become the next leader, although some colleagues question whether he is the right person to win back seats in Sydney and Melbourne that swung heavily against the government. The Fin

ELECTION: Labor-Green climate showdown

Federal Labor is confident of securing enough seats to govern in its own right and avoid having to deal with a cross-bench of up to 15 MPs, which is 10 per cent of the House of Representatives. The Fin

swung heavily against the government.

ELECTION: Suburbs where the battle was won and lost

Anthony Albanese’s election victory was built on gains in the middle and outer suburbs of Sydney, Melbourne, Adelaide and Perth, with Scott Morrison’s appeal to outer suburban and regional voters falling flat.

CEOs say manufacturing rebuild can help growth

The chief executives of blue-chip companies CSL and Woolworths say the push by the new Labor government to rebuild Australia’s local manufacturing capabilities should result eventually in a more resilient economy, as other bosses seek urgent action to fix a skilled labour shortage and want clear, consistent policy on climate. The Fin

 

 

The Australian Financial Review

Page 1: Federal Labor is confident of securing enough seats to govern in its own right and avoid having to deal with a cross-bench of up to 15 MPs, which is 10 per cent of the House of Representatives.

Page 3: Shattered Liberals are coalescing around Peter Dutton to become the next leader, although some colleagues question whether he is the right person to win back seats in Sydney and Melbourne that swung heavily against the government.

Page 4: Anthony Albanese’s election victory was built on gains in the middle and outer suburbs of Sydney, Melbourne, Adelaide and Perth, with Scott Morrison’s appeal to outer suburban and regional voters falling flat.

Page 10: The chief executives of blue-chip companies CSL and Woolworths say the push by the new Labor government to rebuild Australia’s local manufacturing capabilities should result eventually in a more resilient economy, as other bosses seek urgent action to fix a skilled labour shortage and want clear, consistent policy on climate.

Page 21: Bringing a modest education policy agenda to the election should not preclude Labor from bold and strategic reform, starting with the early childhood years.

Page 22: Tech billionaire Mike Cannon-Brookes says AGL Energy’s demerger plan is ‘‘not going to fly’’ after Labor’s win in the federal election because it is not aligned with Paris climate goals, a declaration that brought a swift rebuttal from AGL chief executive Graeme Hunt.

Page 25: The British oil and gas company’s commitment to the construction of a plant to make renewable diesel and aviation fuel at the site near Fremantle, Western Australia, is due to kick off in earnest next year.

Page 27: Cement, asphalt and quarries group Boral is preparing for another round of heavy cost-cutting, slashing hundreds of jobs before June 30 under an internal program known as ‘‘Project Next’’.

 

 

The Australian

Page 1: The Liberals' centre of gravity has collapsed into the outer suburbs and regions, far removed from the leafy inner-city heartland seats that turned teal or Green to pose an existential threat to the party of Menzies and Howard.

Page 2: The second wipeout of the Liberal Party in Western Australia in the space of 14 months has reopened a civil war within the state branch, amid fears it could become a spent force for a generation.

Page 3: Scott Morrison says he felt misunderstood on the issue of women, which in the aftermath of his party’s election loss has been identified as central to his defeat.

This election result is a slam-dunk repudiation of Scott Morrison’s cynical attitude towards women voters.

Page 5: ACTU secretary Sally McManus says unions expect the new Albanese government to back a 5.1 per cent minimum wage increase for the nation’s low paid.

The resources industry has warned Labor must keep to its promises for a moderate agenda in government, as figures including Fortescue Metals chief Andrew Forrest also welcomed expected progress on climate policy.

Page 17: Businesses from across Australia have congratulated the incoming Albanese government. They now call for an urgent productivity drive if Australia is to deliver sustainable growth and wage increases and for a clear plan and tangible progress on the energy transition.

Page 18: The $11bn-plus Mineral Resources is thought to be giving creative thought as to how it funds its Ashburton Hub, an iron ore mining project that is set to cost as much as $2.55bn.

Page 22: Companies should move quickly to take advantage of a new trade deal with India and put aside past perceptions of the country as a difficult place to do business, accord-ing to the Brookings Institution’s India expert, Tanvi Madan.

Google and the Garvan Institute have collaborated to develop much faster genome sequencing, offering cheaper gene-based diagnoses to millions of  Australians.

Page 25: Facebook was preparing internally for Australia’s landmark news bargaining code for at least five months, despite later blaming a “technical error” when it blocked charities, government services and critical health organisations amid bushfires and the pandemic.

 

 

The West Australian

Page 4: Prime Minister-elect Anthony Albanese has thanked Western Australia after a red tidal wave swept over Perth and likely helped Labor form a majority government.

Page 6: Outgoing treasurer Josh Frydenberg has not ruled out a return to politics as he prepares to lose his seat of Kooyong to a teal independent.

Page 9: Ian Goodenough’s shaky grasp on the seat of Moore strengthened marginally on Sunday but the electorate remains too close to call with fewer than 1000 votes in it as counting continues.

WA mining billionaire Andrew Forrest was among the first business leaders to congratulate Labor leader Anthony Albanese’s Federal election victory.

Page 10: A former ABC foreign correspondent, a neurologist and an Oxford University-educated GP who once qualified for the Olympics: these are some of the women who have swept to victory as teal independents.

Page 15: Workers in WA’s resources sector will be limited to four-daily drinks under a new universal FIFO booze policy rolled out on Monday for mine sites.

Business: Perenti says operations at the Khoemacau Zone 5 copper mine in Botswana have been temporarily suspended after the death of two Barminco workers in an underground accident.

Labor’s likely industrial relations minister, Tony Burke, says Scott Morrison “misread” the debate around raising the minimum wage, making it a “pivotal moment” that changed the whole election campaign.