China backs down on trade bans
The Albanese government is optimistic that a breakthrough over China’s punitive tariffs against Australian barley paves the way to lift the remaining trade sanctions that crippled $20 billion of exports at the height of political tensions between Canberra and Beijing. The Fin
Newmont’s improved $29.4b bid ‘palatable’
US gold giant Newmont Mining is a step closer to a $29.4 billion acquisition of Newcrest Mining after making an improved takeover bid that was described by one big Newcrest shareholder as ‘‘palatable’’. The Fin
New boarding time expected for Virgin Australia float
Bain Capital has started booking introductory meetings with Australian investors for its Virgin Australia initial public offering, which is now most likely to happen in the second half of the year. The Aus
TV industry’s $450m streaming hopes at risk in privacy crackdown
The great hope of Australia’s major free-to-air broadcast networks – a shift to selling ads to people watching through their own TV streaming apps – is threatened by privacy law changes they claim would undercut targeted advertising. The Fin
Target super, NDIS to save billions: Grattan
Australia is staring down another decade of budget deficits unless the federal government implements sweeping reforms, including cutting superannuation tax concessions, reining in the NDIS and lifting the GST to 15 per cent. The Fin
Forrest takes Mincor grip
Andrew Forrest is well on the way to winning majority control of nickel miner Mincor after the target’s endorsement of his $760 million on-market bid last week. The West
Classroom behaviour among OECD worst
Truancy, bullying and intimidation among students is rife in Australian schools, while teachers report being ill-prepared to manage disruptive behaviours, a new OECD report says. The Fin
Tax offset to get the chop
The Federal Treasurer has defended pushing ahead with his predecessor’s plan to axe a tax offset that saved low and middle income earners up to $1500 a year. The West
Near rock-bottom rates set to return
Interest rates in much of the world should return to near-rock bottom levels once the pandemic-fuelled shock of widespread high inflation has passed. The West
The Australian Financial Review
Page 1: The Albanese government is optimistic that a breakthrough over China’s punitive tariffs against Australian barley paves the way to lift the remaining trade sanctions that crippled $20 billion of exports at the height of political tensions between Canberra and Beijing.
Page 3: The great hope of Australia’s major free-to-air broadcast networks – a shift to selling ads to people watching through their own TV streaming apps – is threatened by privacy law changes they claim would undercut targeted advertising.
Page 5: Australia is staring down another decade of budget deficits unless the federal government implements sweeping reforms, including cutting superannuation tax concessions, reining in the NDIS and lifting the GST to 15 per cent.
Page 6: Pastoralists fear they will be ‘‘smashed’’ as an intensifying storm in Western Australia’s north is forecast to become a destructive cyclone.
Truancy, bullying and intimidation among students is rife in Australian schools, while teachers report being ill-prepared to manage disruptive behaviours, a new OECD report says.
Page 8: Latitude Financial says it will not pay a ransom to the cybercriminals who stole data belonging to 14 million past and present customers in what was one of the largest breaches in Australian history.
Page 11: The first senior Chinese official to visit Australia in six years met senior members of the business community in Sydney yesterday as Beijing and Canberra pave the way for the removal of sanctions on $20 billion of exports.
Page 13: US gold giant Newmont Mining is a step closer to a $29.4 billion acquisition of Newcrest Mining after making an improved takeover bid that was described by one big Newcrest shareholder as ‘‘palatable’’.
Page 14: South32’s desire to expand base metals in its portfolio faces a sliding doors moment as Toronto-listed Alaskan explorer Trilogy Metals is understood to be preparing for an equity raising.
Eight years after Pacific Equity Partners sold out of Hoyts, the investment house is back to take another look at the cinema chain. The private equity fund has joined the bidders’ queue ahead of indicative bids for the deal – expected to be some $1 billion – due at the end of next month.
Page 17: Origin Energy and Shell have resumed offering gas contracts to small business customers but some manufacturers on awkward parts of the east coast grid are still stuck on one-month contracts at prices that one described as ‘‘horrendous’’.
The Australian
Page 1: The danger of recession has escalated for wealthy countries, the International Monetary Fund has warned, as Australia navigates a thick fog of uncertainty, financial instability, rampant rises in living costs and a chronic $50bn budget deficit.
Page 4: Australian schools have seen a “steady decline” in levels of reading, mathematics and science due to high rates of turnover among teachers, long hours and a lack of career pathways in the profession, the OECD has warned.
Page 5: Pharmacists have dismissed claims that chemists prescribing for urinary tract infection might result in the misdiagnosis of a suite of life-threatening conditions, labelling doctors’ groups an impediment to healthcare system reform.
Page 7: Growth alone won’t overcome Canberra’s chronic $50bn-a-year deficit, the Grattan Institute has found, arguing the federal government needs to slash spending and raise taxes on wealthy retirees to unburden young Australians from decades of debt.
Page 14: Another major strategic suitor is believed to be lining up for a tilt at Australia’s $1.4bn vitamin champion Blackmores: the Japanese multinational Suntory.
Bain Capital has started booking introductory meetings with Australian investors for its Virgin Australia initial public offering, which is now most likely to happen in the second half of the year.
Page 21: The Group of Eight is pushing for a radical restructure of Australia’s higher education system, with a limited number of research-intensive universities generously funded to do world-leading research while other universities concentrate more effort on teaching and serving their local communities.
The West Australian
Page 4: Western Australia’s GST deal should be abolished to help repair the Federal Budget, according to a leading think tank which argues the arrangement is expensive and unfair.
Page 5: Australia has made a major breakthrough in the trade dispute with China, with the countries agreeing on a plan for lifting restrictions over barley exports.
The Federal Treasurer has defended pushing ahead with his predecessor’s plan to axe a tax offset that saved low and middle income earners up to $1500 a year.
Page 6: The Australian Nursing Federation’s industrial action plan has been compared to Adolf Hitler’s murderous manifesto Mein Kampf as the nurses union faced fines of almost $36 million in the Industrial Relations Commission on Tuesday.
Page 10: Bus and train passengers will be able to use bank cards and mobile phones to pay for their fare by the end of this year, Transport Minister Rita Saffioti has confirmed, after drivers said having to pay cash led to many patrons becoming aggressive.
Page 12: Interest rates in much of the world should return to near-rock bottom levels once the pandemic-fuelled shock of widespread high inflation has passed.
Page 14: The new Super Mario Bros. movie is enjoying a well-deserved victory lap after smashing box office numbers in Australia over the Easter long weekend.
Business: WA’s peak farming body has warned that barley sellers will price a risk premium into future Chinese sales after being bruised in a three-year tariff attack.
Andrew Forrest is well on the way to winning majority control of nickel miner Mincor after the target’s endorsement of his $760 million on-market bid last week.
The Pilbara Ports Authority has been cleared to formally defend a legal attack on the star recruit to its flagship Port Hedland operation.
