24/06/2022 - 07:08

Morning Headlines

24/06/2022 - 07:08

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Morning Headlines

Lithium hopefuls in plunge to earth

The 55 per cent plunge of shares in much-hyped lithium explorer Lake Resources in the first week of its inclusion in the S&P/ASX 200 Index, has raised concerns that the quality of the key market benchmark has deteriorated. The Fin

ACTU concedes on 5pc wages

ACTU secretary Sally McManus says low paid workers should keep pushing for wage rises that match inflation, claiming the rising cost of living was being driven by profits, not pay increases, and that warnings of a 1970s-style wages-price spiral were ‘‘total Boomer fantasy’’. The Fin

Coal-fired operator takes two supply hits

Bluewaters Power Station has been dealt another blow with Water Corporation set to join Synergy in discontinuing its supply contract with the privately owned coal-fired plant in 2025. The West

Airports say jobs shortages ‘could persist’ for some time

Airports cannot guarantee baggage and security services will be fully staffed over the school holidays and warn labour shortages may persist as they caution travellers to prepare for queues over the next three weeks. The Fin

JB Hi-Fi, Harvey Norman to face hit

Households under increasing pressure from skyrocketing energy bills, rising interest rates and soaring food inflation are likely to pull back on spending on big-ticket items such as televisions, large kitchen appliances and new beds, triggering tougher times for retail chains Harvey Norman and JB Hi-Fi. The Fin

PM’s Pacific unity drive over China

Anthony Albanese will urge regional leaders at the upcoming Pacific Islands Forum to stand together and guard against coercion and threats to their sovereignty, relying on the Pacific’s tradition of consensus decision-making to hold the line against further Chinese security agreements. The Aus

Skilled workers are avoiding Australia

Australia has a poor image among skilled migrants because of its lengthy border closures and its difficult visa processes, according to Deloitte’s national immigration lead Fiona Webb. The AUs

Suppliers beg Woolworths for price hikes

Unprecedented numbers of food and grocery suppliers are asking the nation’s largest supermarket for price increases, feeding soaring food inflation at the checkout. The Aus

Senator calls for reform & hits out at Clan tactics

Liberal Senator Linda Reynolds warns her own party risks being in an “electoral abyss” and condemning WA to a “one-party State” if it fails to adopt meaningful reform to weaken the influence of powerbrokers. The West

Ban pops bubble for tea traders

The State Government’s single-use plastics ban has posed unique challenges for bubble tea businesses that have found it difficult to source sustainable alternatives, Perth business owners have said. The West

 

 

The Australian Financial Review

Page 1: ACTU secretary Sally McManus says low paid workers should keep pushing for wage rises that match inflation, claiming the rising cost of living was being driven by profits, not pay increases, and that warnings of a 1970s-style wages-price spiral were ‘‘total Boomer fantasy’’.
The 55 per cent plunge of shares in much-hyped lithium explorer Lake Resources in the first week of its inclusion in the S&P/ASX 200 Index, has raised concerns that the quality of the key market benchmark has deteriorated.

Page 3: Australians have never been wealthier, but fears over rapid inflation and a possible recession are overshadowing pandemic-era savings buffers and near-full employment to pose a threat to economic growth.

Page 6: Almost one-third of businesses in Australia are having difficulty finding staff because of a lack of applications for advertised positions or a lack of skills among those who do apply.

Page 11: Media mogul Rupert Murdoch’s reported divorce from actor Jerry Hall could leave him with more time to concentrate on his media empire, potentially cramping the style of his chosen successor, son Lachlan.

Page 15: China’s President Xi Jinping has slammed Western sanctions against Russia, which he says are ‘‘weaponising’’ the global economy, as he addressed leaders of emerging nations he hopes will support his alternative to the US-led world order.

Page 18: Airports cannot guarantee baggage and security services will be fully staffed over the school holidays and warn labour shortages may persist as they caution travellers to prepare for queues over the next three weeks.

Page 22: Households under increasing pressure from skyrocketing energy bills, rising interest rates and soaring food inflation are likely to pull back on spending on big-ticket items such as televisions, large kitchen appliances and new beds, triggering tougher times for retail chains Harvey Norman and JB Hi-Fi.

 

 

The Australian

Page 1: Anthony Albanese will urge regional leaders at the upcoming Pacific Islands Forum to stand together and guard against coercion and threats to their sovereignty, relying on the Pacific’s tradition of consensus decision-making to hold the line against further Chinese security agreements.

Page 2: The development of drugs for Alzheimer’s disease and other neurodegenerative conditions will be fast-tracked and therapies may eventually be cheaper as a result of a groundbreaking new testing method.

Page 5: Australia should consider adopting a new flag as it debates whether to become a republic and pursues a treaty process, a defiant Greens leader Adam Bandt says.

Page 7: The Western Australia resources industry has been urged to consider developing a register aimed at preventing the perpetrators of serious sexual harassment from finding work in the sector, following a parliamentary inquiry into the treatment of women in mining.

Page 13: The peak body for the nation’s financial regulators is keeping a watchful eye on emerging risks in the housing market as banks pass on consecutive monthly hikes in the official rates to their customers and house prices lose steam.

Australia has a poor image among skilled migrants because of its lengthy border closures and its difficult visa processes, according to Deloitte’s national immigration lead Fiona Webb.

Unprecedented numbers of food and grocery suppliers are asking the nation’s largest supermarket for price increases, feeding soaring food inflation at the checkout.

 

 

The West Australian

Page 10: Mark McGowan and Climate Action Minister Reece Whitby have been unable to specify how much it will cost WA taxpayers to reduce emissions from all State Government agencies by 80 per cent by 2030.

Page 11: Perth is finally on Qantas’ long-range radar after years of neglect with two new non-stop international services to Johannesburg and Jakarta to be confirmed this morning.

Page 14: WA’s slower rollback of COVID restrictions appears to have contributed to the city plummeting on the global liveability ladder, which now lags behind Melbourne, Brisbane and Adelaide.

Page 28: Liberal Senator Linda Reynolds warns her own party risks being in an “electoral abyss” and condemning WA to a “one-party State” if it fails to adopt meaningful reform to weaken the influence of powerbrokers.

Business: Bluewaters Power Station has been dealt another blow with Water Corporation set to join Synergy in discontinuing its supply contract with the privately owned coal-fired plant in 2025.

The State Government’s single-use plastics ban has posed unique challenges for bubble tea businesses that have found it difficult to source sustainable alternatives, Perth business owners have said.

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