Mining giants eye profits in China rebound
Resources giants say a Chinese economic revival is clearly under way as BHP chief Mike Henry declares there are ‘‘green shoots’’ in the lending and property sectors that could stoke demand for commodities, while Alumina Limited chief Mike Ferraro likened the recovery to ‘‘a slingshot’’. The Fin
Forrests pay $520m for Sydney Waldorf Astoria
Iron ore billionaire Andrew Forrest and his wife Nicola have added to their burgeoning portfolio of side hustles with the acquisition for about $520 million of Australia’s first Waldorf Astoria Hotel on prime Sydney waterfront real estate at Circular Quay. The Fin
Royalties ‘inflame booze bedlam’
Royalty and other payments to traditional owners are exacerbating violence and alcohol abuse in the aftermath of the withdrawal of the cashless debit card in Western Australia’s northern goldfields, residents have claimed. The Aus
McGowan’s $80m boost for builders
Residential property developers will be able to share in $80 million in government funding to offset water, sewerage and electricity connections as part of efforts to boost apartment construction in Perth and the provision of workers’ accommodation in the regions. The West
Pro-business shake-up for migration
Home Affairs Minister Clare O’Neil wants to cut red tape, such as forcing employers to advertise jobs locally before sponsoring foreigners, and overhaul the ‘‘outdated’’ visa system as part of a pro-business shake-up of the nation’s ‘‘broken’’ migration system. The Fin
Australia target of China’s coercion, to little effect: ASPI
Australia was China’s biggest target globally for economic and diplomatic coercion over the past three years but the financial effect was relatively muted, according to a new analysis by the Australian Strategic Policy Institute. The Fin
Aged care pay rise a hit to budget
The Fair Work Commission has ruled its 15 per cent interim increase for as many as 320,000 aged care workers will hit in full on June 30, flying in the face of the Albanese government’s claim it was not feasible to fully fund the increase this year. The Fin
Migrant kids top the class in NAPLAN
Migrant students account for nine out of 10 enrolments in Australia’s top public schools, as wealthy Asian families flock to academically selective schools. The Aus
Qantas splurges big on lounge upgrades
Qantas will splash $100 million on upgrades to its lounge network, including a new one in Broome, as the airline tips a take-off in demand from premium passengers after years of COVID-related travel disruptions. The West
The Australian Financial Review
Page 1: Home Affairs Minister Clare O’Neil wants to cut red tape, such as forcing employers to advertise jobs locally before sponsoring foreigners, and overhaul the ‘‘outdated’’ visa system as part of a pro-business shake-up of the nation’s ‘‘broken’’ migration system.
Page 2: Australia was China’s biggest target globally for economic and diplomatic coercion over the past three years but the financial effect was relatively muted, according to a new analysis by the Australian Strategic Policy Institute.
More Australians than ever before are being targeted by foreign espionage agencies, security chief Mike Burgess says, revealing ASIO has foiled a number of plots, including breaking up a ‘‘hive of spies’’ and attempts to cultivate journalists and judicial figures.
Page 3: Iron ore billionaire Andrew Forrest and his wife Nicola have added to their burgeoning portfolio of side hustles with the acquisition for about $520 million of Australia’s first Waldorf Astoria Hotel on prime Sydney waterfront real estate at Circular Quay.
Page 4: WiseTech chief Richard White has urged universities to work more closely with business to provide part-time courses so students can work while gaining practical experience, and says it is ‘‘inevitable’’ that tertiary institutions will need to become more flexible in the way courses are offered.
Page 10: The Fair Work Commission has ruled its 15 per cent interim increase for as many as 320,000 aged care workers will hit in full on June 30, flying in the face of the Albanese government’s claim it was not feasible to fully fund the increase this year.
Page 13: Resources giants say a Chinese economic revival is clearly under way as BHP chief Mike Henry declares there are ‘‘green shoots’’ in the lending and property sectors that could stoke demand for commodities, while Alumina Limited chief Mike Ferraro likened the recovery to ‘‘a slingshot’’.
Page 17: Tabcorp has hired consultants to slash costs to build a leaner business and use the extra cash to reinvest in growth as the wagering company doubles down on its digital gambling strategy amid softer consumer spending.
Page 19: Iluka Resources has pulled the trigger on a new $480 million mine in NSW’s Riverina that will help supply the feedstock it needs for Australia’s first fully integrated rare earths refinery, and it remains on the lookout for acquisitions and development opportunities to secure even more of the critical mineral.
The Australian
Page 1: Anthony Albanese will deliver his strongest endorsement of the AUKUS security pact on Wednesday and pledge to fund the resources needed by the Australian Defence Force to “defend our nation and deter aggressors”.
Page 4: A key figurehead of Australia’s superannuation scheme has questioned the aims of a proposed objective for the nation’s retirement scheme, warning it may risk investor returns.
Page 5: Migrant students account for nine out of 10 enrolments in Australia’s top public schools, as wealthy Asian families flock to academically selective schools.
Australia must ban the use of foreign artificial intelligence to control sensitive data, a network of eminent scientists has warned.
Page 6: A powerful coalition of religious organisations has sent a joint letter to MPs warning that future generations of Australians “will not forgive us” if the Indigenous voice to parliament fails at the referendum, urging for the Liberal Party to pledge its support.
Royalty and other payments to traditional owners are exacerbating violence and alcohol abuse in the aftermath of the withdrawal of the cashless debit card in Western Australia’s northern goldfields, residents have claimed.
Page 25: International students who complete a degree in a skill shortage area will be given an extra two years to stay in Australia after graduation.
The West Australian
Page 2: Sport Minister David Templeman has given councils the green light to ignore draft guidelines recommending basketball courts be confined to public spaces up to 100m away from houses — vowing “common sense” would prevail over the controversial proposal.
Page 3: Residential property developers will be able to share in $80 million in government funding to offset water, sewerage and electricity connections as part of efforts to boost apartment construction in Perth and the provision of workers’ accommodation in the regions.
Page 6: A public primary school in Perth’s south where three-quarters of students come from a non-English speaking background has been named one of WA’s best-performing schools based on national reading, writing and maths tests.
Page 11: An East Kimberley town has experienced twice the number of children going to school hungry, fewer residents spending their money at the supermarket and more people splurging at the bottle shop since the cashless debit card was made voluntary.
Business: BHP has revealed a $1 billion inflation hit in the first half and expects the operating environment to remain volatile as global growth hits the skids.
Wages data on Wednesday is set to test the Reserve Bank of Australia's more aggressive messaging that the fight against inflation is far from over.
Coles is reviewing the level of stock it holds in WA after shoppers were left with bare shelves amid the biggest disruption ever to the State’s food supply last year when 300km of rail track was washed away.
Qantas will splash $100 million on upgrades to its lounge network, including a new one in Broome, as the airline tips a take-off in demand from premium passengers after years of COVID-related travel disruptions.
