05/08/2022 - 07:12

Morning Headlines

05/08/2022 - 07:12

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Morning Headlines

Bulk billing ‘on verge of collapse’

Doctors have warned that the nation is facing the “collapse of bulk billing”, with many surgeries forced to charge gap fees to all patients, including pensioners, and some clinics in danger of going broke. The Aus

Female participation big in debate but not so in speaker numbers at Diggers forum

Women in Western Australia’s resources sector dominated discussion at the Diggers and Dealers Mining Forum following the recent report into the toxic culture of sexual assault and harassment in the industry. The West

Iron ore, coal and LNG light up surplus

Booming iron ore, coal and gas prices drove a second consecutive record trade surplus in June that will boost economic growth and national income, and highlight momentum in the economy underpinning the Reserve Bank’s push to normalise interest rates. The Fin

Ramsay signs record HCF deal

Ramsay Health Care, Australia’s biggest private hospital operator, has signed a five-year contract with HCF in a deal it says will improve the long-term affordability of private healthcare. The Aus

Signs COVID-19 has peaked: Albanese

The country’s third omicron wave appears to have peaked, but Anthony Albanese is urging Australians not to be complacent as health authorities warn that future COVID-19 waves are inevitable. The Fin

More staff needed to end visa backlog: Home Affairs

Australia’s crippling visa backlog will not be resolved without an expansion of the country’s immigration program, as overseas staffing shortages add to blowouts in visa processing times, Home Affairs has warned. The Fin

Tobacco giant fumes over chemist chief’s vape deal flak              

Tobacco giant Philip Morris Limited has lifted the lid on its usually highly secretive attempts to strike commercial deals with pharmacists to stock its vape products, in response to being described as “our enemy” by the chairman of Chemist Warehouse. The Aus

Axe luxury car tax if you want a trade deal, says EU

The EU is demanding Australia axe the $880m-a-year luxury car tax to secure a free-trade agreement with the 27-nation bloc, as Australian farmers brace for long waits to secure significant market access for agricultural exports. The Aus

Climate an evolving risk area

Almost 40 per cent of companies across the banking, insurance and superannuation industries say climate-related events could have a “material or moderate” impact on their operations. The West

 

 

The Australian Financial Review

Page 1: The passage of legislation for Labor’s climate change target to reduce emissions by 43 per cent was only the beginning, Climate Change Minister Chris Bowen has cautioned, and the design of the safeguard mechanism and other aspects of the policy will be the next big challenge.

Booming iron ore, coal and gas prices drove a second consecutive record trade surplus in June that will boost economic growth and national income, and highlight momentum in the economy underpinning the Reserve Bank’s push to normalise interest rates.

Foreign Minister Penny Wong has warned China’s high-profile military exercises around Taiwan could lead to accidental conflict as Beijing hit back at calls from the West to exercise calm and restraint after the controversial visit to the island of US House Speaker Nancy Pelosi.

Page 3: The country’s third omicron wave appears to have peaked, but Anthony Albanese is urging Australians not to be complacent as health authorities warn that future COVID-19 waves are inevitable.

Automation could put nearly 50,000 accountants out of a job in the next 10 years, according to new research.

Page 7: Australia’s crippling visa backlog will not be resolved without an expansion of the country’s immigration program, as overseas staffing shortages add to blowouts in visa processing times, Home Affairs has warned.

Page 10: Technology giants such as Facebook and Google will likely be forced to allow external developers access to their device and software platforms in a bid to bolster digital competition and strengthen consumer protection.

Page 13: Major banks have lifted the interest rates paid on many savings accounts to soften the blow of rising mortgage rates, as the battle intensifies to win more price-sensitive customers facing rising living costs.

Page 16: The new boss of Wesfarmers’ health division, Emily Amos, is now in charge of running its only asset, Australian Pharmaceutical Industries (API), after long-time chief executive Richard Vincent stepped down.

Page 17: Solomon Lew’s Premier Investments is creeping higher on the share register of Myer just a week after the department stores group issued an upbeat trading update, and six months after he last bought shares.

 

 

The Australian

Page 1: Soaring coal and gas exports, turbo-charged by the Ukraine war, have driven the largest trade surplus in the nation’s history, filling government coffers and potentially halving the forecast budget deficit for the past financial year.

Doctors have warned that the nation is facing the “collapse of bulk billing”, with many surgeries forced to charge gap fees to all patients, including pensioners, and some clinics in danger of going broke.

Page 3: Tobacco giant Philip Morris Limited has lifted the lid on its usually highly secretive attempts to strike commercial deals with pharmacists to stock its vape products, in response to being described as “our enemy” by the chairman of Chemist Warehouse.

Page 5: The hospitality industry will urge national cabinet to consider easing Covid-19 isolation rules as Australia’s top doctor says he’s “increasingly confident” the winter Omicron wave has peaked.

Page 6: The EU is demanding Australia axe the $880m-a-year luxury car tax to secure a free-trade agreement with the 27-nation bloc, as Australian farmers brace for long waits to secure significant market access for agricultural exports.

Page 15: Ramsay Health Care, Australia’s biggest private hospital operator, has signed a five-year contract with HCF in a deal it says will improve the long-term affordability of private healthcare.

Page 17: Qantas’s financial recovery has been dealt a blow by poor on-time performance and high cancellation rates, analysts at Citi say – predicting the airline will have to increase costs to save its brand.

 

 

The West Australian

Page 4: Sophisticated new modelling confirms the worst of WA’s winter COVID wave has passed — and that a third Omicron peak is unlikely — with daily cases forecast to decline to about 3000 by the end of August and continue falling into spring.

Page 17: A lithium-ion battery in an e-scooter has been deemed the cause of a fire that tore through a Scarborough garage and spread to a three-storey unit block — leaving a damage bill of half a million dollars.

Page 21: An alarming number of girls are likely to have Developmental Language Disorder — a brain difference that makes talking and listening difficult — despite more boys being referred for support services.

Business: Women in Western Australia’s resources sector dominated discussion at the Diggers and Dealers Mining Forum following the recent report into the toxic culture of sexual assault and harassment in the industry.

The blame for Western Australia’s slowly growing female workforce participation rate and gender pay gap cannot be entirely placed on the doorstep of the mining industry, according to gender equity experts.

Almost 40 per cent of companies across the banking, insurance and superannuation industries say climate-related events could have a “material or moderate” impact on their operations.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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