Gas failures trigger WA power crisis
Chevron says it needs two more days to resolve technical issues that have caused a breakdown at its Wheatstone domestic gas plant – the third Western Australia gas plant to break down this summer – and forced aluminium giant Alcoa to boot up diesel generators to cope. The Fin
Slow the rate rises: super
The gatekeepers of Australia’s $3.3 trillion retirement savings pot are reducing their bets on risky growth assets, investing more in bonds and commodities, and boosting their cash buffers as they warn the worst may not be over for sharemarkets. The Fin
Hospitality, retail SMEs most fearful of a recession: survey
More than half of small and medium businesses fear a recession in the year ahead and are battening down the hatches in expectation of a drop in consumer spending sparked by rising interest rates and falling real wages. The Fin
‘Free’ GP visits a thing of the past as medicos struggle with rising costs
Startling figures in a new report have revealed fewer than one in three Perth GP clinics now bulk-bill their patients, prompting calls for urgent Medicare reforms. The West
Euro car deal for Aussie minerals
European carmaker Stellantis has cut yet another critical minerals deal with an Australian miner, with the company understood to have brokered a deal with ASX-listed Element 25 for the supply of manganese for its batteries. The Aus
Ellison-backed rare earths player hits boards
Chris Ellison-backed VHM says it is in talks with established rare earths players in Australia as it starts life as a public company and aims to become a globally significant supplier of the critical mineral from a mine in rural Victoria. The Fin
Set migration rate on auto
Permanent migration into Australia should automatically rise each year as a percentage of the nation’s population, with the current cap boosted from 195,000 to 220,000 for the next two years, business argues. The Aus
Chalmers pledges to tackle budget repair
Jim Chalmers says fiscal repair will be an ongoing challenge and a key focus of his second budget in May as he responds to the ballooning costs of the NDIS, health, aged care, natural disasters and the impact of higher borrowing costs. The Aus
Major builders’ profits plummet
The country’s largest private construction companies have seen a major slide in profits despite total revenues rising almost 10 per cent to $14.2bn in the past 12 months, filings with the regulator show. The Aus
The Australian Financial Review
Page 1: The gatekeepers of Australia’s $3.3 trillion retirement savings pot are reducing their bets on risky growth assets, investing more in bonds and commodities, and boosting their cash buffers as they warn the worst may not be over for sharemarkets.
Page 2: A massive backlog of 1 million visas should be cleared by April if the government maintains its approval rate of 150,000 in just six weeks.
Page 3: Leading supporters of an Indigenous Voice to parliament say more information will be provided by the Albanese government before Australians vote on a constitutional amendment, after Opposition Leader Peter Dutton criticised the prime minister for a lack of details.
Page 4: Company directors have been put on notice that they will come under scrutiny from the corporate regulator if their businesses are hacked by cyber criminals and they failed to prioritise cybersecurity.
Page 5: More than half of small and medium businesses fear a recession in the year ahead and are battening down the hatches in expectation of a drop in consumer spending sparked by rising interest rates and falling real wages.
Page 12: Chevron says it needs two more days to resolve technical issues that have caused a breakdown at its Wheatstone domestic gas plant – the third Western Australia gas plant to break down this summer – and forced aluminium giant Alcoa to boot up diesel generators to cope.
Page 13: Chris Ellison-backed VHM says it is in talks with established rare earths players in Australia as it starts life as a public company and aims to become a globally significant supplier of the critical mineral from a mine in rural Victoria.
Page 15: Mining executives have lined up to back a new app created by two former BHP executives that allows workers to share safety and equipment information across the sector.
Page 17: During the nearly three years since pandemic precautions pushed remote work into the mainstream, companies have been negotiating a ‘‘new normal’’ in an environment that some say gives workers an upper hand: hiring has been difficult, quitting has been popular and employers had been in a good position to accommodate workers’ preferences.
The Australian
Page 1: Permanent migration into Australia should automatically rise each year as a percentage of the nation’s population, with the current cap boosted from 195,000 to 220,000 for the next two years, business argues.
Page 2: Jim Chalmers says fiscal repair will be an ongoing challenge and a key focus of his second budget in May as he responds to the ballooning costs of the NDIS, health, aged care, natural disasters and the impact of higher borrowing costs.
Page 5: Only a tiny sliver of the financial assistance promised by the McGowan government in the wake of one of Western Australia’s biggest natural disasters has found its way to people in the devastated region, adding to anger and resentment across a community still struggling to rebuild.
Page 13: The country’s largest private construction companies have seen a major slide in profits despite total revenues rising almost 10 per cent to $14.2bn in the past 12 months, filings with the regulator show.
Page 17: European carmaker Stellantis has cut yet another critical minerals deal with an Australian miner, with the company understood to have brokered a deal with ASX-listed Element 25 for the supply of manganese for its batteries.
The West Australian
Page 4: Prime Minister Anthony Albanese will personally witness the ferocity of WA’s worst ever flooding, flying into the devastated region to thank those leading rescues and planning recoveries.
Page 7: China’s consul-general in Perth has called Australia’s decision to impose COVID testing requirements on travellers from China as “disproportionate” and “discriminatory”.
Perth Lynx have scored a crucial victory in the battle to rid women’s basketball of international gambling cartels, evicting a so-called courtsider from Saturday’s win over Sydney Flames at Bendat Basketball Centre.
Page 9: Scientists have given a major boost to hopes of living longer with motor neurone disease, the degenerative illness that has famously inflicted footy legend Neale Daniher.
Page 14: Startling figures in a new report have revealed fewer than one in three Perth GP clinics now bulk-bill their patients, prompting calls for urgent Medicare reforms.
Page 15: Australia’s aviation industry has faced a bumpy recovery from COVID-19 shutdowns, with staff shortages, long queues at airports, higher fares and axed routes creating headlines.
Business: A Hong Kong share trading company allegedly owned by Perth-raised entrepreneur Rob Wall has been accused of failing to register for tax despite operating in Australia since 2014.
Elon Musk’s Twitter has made deeper cuts into a diminished trust and safety team handling global content moderation.
