Labor pushed on four-day week with full pay
The Albanese government should trial a four-day work week with people maintaining their full-time wage, according to sweeping policy proposals supported “in principle” by ALP senators and endorsed by Greens senators. The Aus
Mines minister’s man at the Mint
Mines Minister Bill Johnston placed his former chief-of-staff on The Perth Mint board one month before the refinery’s long-running gold dilution program came crashing down after a complaint from its biggest customer. The West
Battle as mine funnels cheap lithium to China
As the battle for control for one of Australia’s few operating lithium mines heats up, the China-connected company that operates the Bald Hill mine under the eyes of the receiver has defended its decision to sell the lithium to China at 70 per cent below market prices. The Aus
US nuclear subs for AUKUS gap
Australia will inject billions of dollars into the US shipbuilding industry as part of a deal to buy up to five nuclear-powered Virginia class submarines, as a stop-gap before getting purpose-built boats that blend a British design with US weapons. The Fin
Shares surge as Xero axes 800 workers
The new CEO of cloud accounting software company Xero has put profitability back on the company’s agenda, announcing yesterday that up to 800 jobs would go as part of a broader cost-cutting strategy. The Fin
Treasury analysis on super fell short
Anthony Albanese’s own department has found Treasury failed to properly assess the impact of the government’s proposed $2bn-a-year superannuation changes, labelling the process “insufficient”. The Aus
Myer on fire with bumper earnings
Myer boss John King is confident his continued transformation of the once ailing department store won’t be derailed by the twin spectres of interest rate hikes and stretched household budgets, as he impresses investors with Myer’s best interim profit since 2014 and a thumping lift to its dividend payout. The Aus
Dutton’s Wagin Woolorama trip in support of live sheep exports
Opposition Leader Peter Dutton will spruik his support for the continuation of live sheep exports today as he visits one of the biggest get-togethers of the WA agricultural industry. The West
Builder may have falsified finances
Firm Construction was insolvent at least 11 months before it went under in November, say administrators, who have also expressed concern the Perth schools builder could have misrepresented its financial position and diverted funds from supposedly ring-fenced project accounts. The West
The Australian Financial Review
Page 1: Australia will inject billions of dollars into the US shipbuilding industry as part of a deal to buy up to five nuclear-powered Virginia class submarines, as a stop-gap before getting purpose-built boats that blend a British design with US weapons.
Page 2: Ed Husic has secured Greens support for Labor’s $15 billion National Reconstruction Fund after promising the industry-building scheme would not be allowed to spend money on coal or gas projects.
Page 8: BHP’s coal fields are looming as a battlefront for the government’s workplace agenda after the miner sought to pay its in-house labour hire staff vastly different wages to those covered by traditional coal mining agreements.
Page 10: PwC chief executive Tom Seymour has denied that up to 30 partners and staff were involved in sharing confidential government tax policy information obtained by former PwC star Peter Collins, contradicting evidence heard by a Senate committee last month.
Page 15: The new CEO of cloud accounting software company Xero has put profitability back on the company’s agenda, announcing yesterday that up to 800 jobs would go as part of a broader cost-cutting strategy.
Shares in ASX lithium darlings Piedmont Lithium and Atlantic Lithium were locked in a trading halt yesterday after a US-based short seller alleged Atlantic Lithium acquired a mining licence in Ghana by ‘‘textbook corruption’’.
Page 17: London-listed Entain is considering a bid for PointsBet’s Australian arm after the ASX-listed group entered into discussions with News Corp-backed Betr about a possible sale.
Page 18: Agribusiness Australia president Mark Allison says the two pillars of agriculture in Australia – livestock and grain production – are well down the track in reducing emissions as the industry comes under increased scrutiny from bankers and investors.
The Australian
Page 1: Anthony Albanese’s own department has found Treasury failed to properly assess the impact of the government’s proposed $2bn-a-year superannuation changes, labelling the process “insufficient”.
Page 5: The Albanese government should trial a four-day work week with people maintaining their full-time wage, according to sweeping policy proposals supported “in principle” by ALP senators and endorsed by Greens senators.
Page 15: Myer boss John King is confident his continued transformation of the once ailing department store won’t be derailed by the twin spectres of interest rate hikes and stretched household budgets, as he impresses investors with Myer’s best interim profit since 2014 and a thumping lift to its dividend payout.
As the battle for control for one of Australia’s few operating lithium mines heats up, the China-connected company that operates the Bald Hill mine under the eyes of the receiver has defended its decision to sell the lithium to China at 70 per cent below market prices.
Activist environmental, social and governance investor Snowcap Research, which played a role in AGL’s scuttled demerger plans, now has energy giant Santos in its sights – as well as CEO Kevin Gallagher’s $6m bonus.
The West Australian
Page 3: Mines Minister Bill Johnston placed his former chief-of-staff on The Perth Mint board one month before the refinery’s long-running gold dilution program came crashing down after a complaint from its biggest customer.
Page 4: Children being held at an adult maximum-security prison have been given Nintendo Switches as a reward for good behaviour.
Page 9: Opposition Leader Peter Dutton will spruik his support for the continuation of live sheep exports today as he visits one of the biggest get-togethers of the WA agricultural industry.
Page 18: Doctors have warned flu cases are rocketing to pre-pandemic levels as complacency sets in after years of virus precautions being followed.
Page 24: Leading health groups have called for a major overhaul of fast-food outlet approvals and advertising rules as a new scorecard shows the McGowan Government is not properly protecting kids from junk food.
Business: Firm Construction was insolvent at least 11 months before it went under in November, say administrators, who have also expressed concern the Perth schools builder could have misrepresented its financial position and diverted funds from supposedly ring-fenced project accounts.
