Morning Headlines

Qantas stalls on shift to Perth’s Airport Central 

Qantas is pushing back against demands from the Western Australian government and Perth Airport to shift its flights to a central precinct. The Fin 

Stay grounded or end up like Abbott, says PM 

The sharp and sudden decline of the Abbott government is a good example of why Labor needs to keep its feet on the ground following its shock win in the Aston byelection, and its overall strong first year in office, says Anthony Albanese. The Fin 

Super funds urged to back critical minerals 

Breakout nickel explorer Chalice Mining has urged Australian super funds to direct their investment teams to actively back the critical minerals sector. The Fin 

Lowe: Housing not keeping up with migration 

Reserve Bank of Australia governor Philip Lowe says not enough homes are being built to house the influx of migrants, and predicts that rents will continue to rise, dealing a further hit to household budgets. The Fin 

Majority of us staying at home for Easter 

Nearly two-thirds of Australians will stay home this Easter, prompting warnings from the tourism sector that operators are being hit by a “triple whammy” of cost of living pressures, ongoing effects of the pandemic and uncertainty over when international visitation will return to normal. The Aus 

Magellan $3.9b loss extends horror run 

Magellan lost a further $3.9 billion in institutional investor money over March, after two Airlie Funds Management clients ended their mandates with the Magellan-owned Australian equities manager. The Fin 

BHP’s secret nickel clause provides Mincor termination right 

Takeover target Mincor has confirmed its nickel supply deal with BHP contains a ‘‘change of control’’ clause that gives BHP the right to terminate the supply contract in certain circumstances and, by extension, trigger a default on Mincor’s debt. The Fin 

Top exchange calls for action at Perth Mint 

An investigation launched by the world’s biggest precious metals exchange has concluded The Perth Mint’s gold purification process is up to scratch but its management systems should be strengthened. The Fin 

A million reasons for Gold Road to celebrate 

Shares in Gold Road Resources lifted after the company announced an improved three-year production outlook for the Gruyere mine in WA’s north-eastern Goldfields. The West 

The Australian Financial Review 

Page 1: The sharp and sudden decline of the Abbott government is a good example of why Labor needs to keep its feet on the ground following its shock win in the Aston byelection, and its overall strong first year in office, says Anthony Albanese. 

Page 3: Reserve Bank of Australia governor Philip Lowe says not enough homes are being built to house the influx of migrants, and predicts that rents will continue to rise, dealing a further hit to household budgets. 

Page 8: The CFMEU has told Labor it is payback time after the union-funded state and federal election wins, with thousands of building workers stopping work on Wednesday to demand unrestricted rights to strike and wage rises of 8 per cent. 

Page 10: New vehicle sales last month dipped 3.9 per cent compared with a year ago as sharp rises in interest rates began to bite for households, although the appetite for utes from cashed-up tradies remained robust. 

Page 13: Former Google boss Eric Schmidt has rejected fellow tech leaders’ call for a six-month pause on research into artificial intelligence, saying such a freeze would only advantage China. 

Page 26: Magellan lost a further $3.9 billion in institutional investor money over March, after two Airlie Funds Management clients ended their mandates with the Magellan-owned Australian equities manager. 

Page 28: Takeover target Mincor has confirmed its nickel supply deal with BHP contains a ‘‘change of control’’ clause that gives BHP the right to terminate the supply contract in certain circumstances and, by extension, trigger a default on Mincor’s debt. 

Page 31: An investigation launched by the world’s biggest precious metals exchange has concluded The Perth Mint’s gold purification process is up to scratch but its management systems should be strengthened. 

Page 32: Qantas is pushing back against demands from the Western Australian government and Perth Airport to shift its flights to a central precinct. 

Page 33: Breakout nickel explorer Chalice Mining has urged Australian super funds to direct their investment teams to actively back the critical minerals sector. 

The Australian 

Page 1: Peter Dutton will actively campaign against the voice ahead of the referendum and has bound his frontbench to reject Anthony Albanese’s proposed model, prompting the Prime Minister to concede a Yes victory has been made more difficult. 

Page 3: Every dollar invested in early therapy for babies displaying autism signs can return $3 to the $34bn a year National Disability Insurance Scheme, one of the government’s biggest spending programs, new research shows. 

Page 5: Australian police agencies have assisted the FBI in dismantling a global “well-known criminal marketplace” used to sell stolen data, including the login credentials of Australians. 

Nearly two-thirds of Australians will stay home this Easter, prompting warnings from the tourism sector that operators are being hit by a “triple whammy” of cost-of-living pressures, ongoing effects of the pandemic and uncertainty over when international visitation will return to normal. 

Page 14: A $30m acquisition of shares in failed beauty products company BWX is not the only deal billionaire Andrew Forrest probably wishes he never embarked on, with some suspecting he may now make moves to backpedal out of his $752m proposal to buy nickel miner Mincor. 

Page 16: Brookfield, the company behind a $18.7bn takeover offer for Origin Energy, has sealed its first renewable power project in Australia as part of a plan to install 14 gigawatts of new generation over the next decade. 

Page 17: Australia’s largest intelligence organisation wants a slice of top tech talent, and this year is expanding its graduate program with a promise that those who join will get to work on projects and operations not available anywhere else. 

The West Australian 

Page 9: Peter Dutton has confirmed he will actively campaign against an Indigenous Voice to Parliament but his Liberal Party will not stand in the way of this year’s referendum going ahead. 

Page 10: Donald Trump tore into the judge and district attorney in New York who oversaw his arraignment on Tuesday, ripping into Judge Juan Merchan’s family and calling Alvin Bragg a “criminal”. 

Page 14: Rupert Murdoch and Ann Lesley Smith have abruptly called off their engagement — just two weeks after they announced they were planning to marry. 

Page 20: A world-first trial giving vaccines to pregnant women to protect their unborn babies from potentially deadly respiratory syncytial virus (RSV) has found it is safe and effective. 

Page 26: Reserve Bank of Australia governor Philip Lowe has bad news for home borrowers: interest rate hikes are not over, despite the central bank this week keeping them on hold for the first time in a year. 

Page 67: More than 66,000 drivers were caught using their phones on WA roads in just six months during a trial of new traffic cameras which are set to be rolled out across the State. 

Page 68: WA Governor Chris Dawson says it’s about time the Australian, West Australian, Aboriginal and Torres Strait Islander flags are flown permanently at Government House to send a message of unity. 

Business: An investigation by the world’s biggest precious metals exchange into the scandal-plagued Perth Mint has concluded it remains a reputable refiner but compelled the State Government-backed enterprise to “correct” its management systems. 

The Bank of England chief economist Huw Pill said officials may need to raise interest rates even as inflation falls to prevent a resurgence in prices caused by households and companies trying to claw back lost income. 

Shares in Gold Road Resources lifted after the company announced an improved three-year production outlook for the Gruyere mine in WA’s north-eastern Goldfields. 

Oil refinery owner Viva Energy has snatched up what it describes as Australia’s leading convenience store network in a $1.15 billion bid to diversify beyond fuel. 

Develop Global has announced high-grade copper hits at its Woodlawn project in NSW, with boss Bill Beament saying the mine is a step closer to potentially restarting production. 

London, Adelaide and Melbourne are among the top destinations Perth jetsetters are flying to this Easter and school holiday period. 

The ChatGPT revolution opens the door to a four-day week by providing a major productivity boost for swaths of jobs, according to a Nobel Prize-wining labour economist.