Telcos hit with strict cyber rules
Optus, Telstra and other major telco boards will be required to sign off on a new or updated cyber risk management program every year or face hundreds of thousands of dollars in penalties. The Fin
DP World hack strands 30,000 containers
Tens of thousands of shipping containers stuffed with consumer goods such as electronics, clothing and food remained trapped at ports around the country yesterday after stevedore DP World Australia was struck by a cyberattack on Friday. The Fin
Stokes’ Seven swoops for 20pc ARN stake
Seven West Media, the broadcaster backed by billionaire Kerry Stokes, has become the largest shareholder in ASX-listed radio company ARN Media after grabbing a 19.9 per cent stake in an off-market weekend raid. The Fin
Record autism rate has ‘plausible’ link to NDIS
Australia’s prevalence of autism in children is among the highest in the world, and a leading researcher argues it is “plausible” this is due to the financial incentives created by the National Disability Insurance Scheme. The Fin
Business forced to report cyber ransom
Companies will be forced to report cyber ransom demands under Australia’s first mandatory no-fault reporting system but will not be banned from paying criminal gangs and state-sponsored offenders, amid a 45 per cent surge in global ransomware attacks this year. The Aus
Elders blame violence on ‘evil spirit’ Forrest
Billionaire philanthropist Andrew Forrest is an “evil spirit” whose Fortescue Metals Group has torn apart a Pilbara Indigenous community, according to witness statements freshly released by the Federal Court. The Aus
McGowan is still Labor’s cash cow
Mark McGowan might have left politics in May but he can still command a crowd for Labor — teaming up with old colleagues Roger Cook and Rita Saffioti to lend his face to a pre-election fundraiser and help fill his former party’s coffers. The West
150 reasons to hate new IR laws
Almost 150 enterprise agreements are in place across the Pilbara that could lead to companies being caught up in new industrial relations laws — despite the Government saying WA projects will be fine. The West
The Australian Financial Review
Page 3: A trailblazing undergraduate program that pays students $30,000 a year while they learn on the job will take its first cohort of 30 students next year.
Page 4: Australia’s energy grid is widely exposed to climate change disruption and the risks will worsen without better mitigation, analysis from Zurich Insurance Group and economic advisers Mandala Partners shows, with Western Australia and the Northern Territory most at risk.
Page 8: Deteriorating energy infrastructure, lacklustre entrepreneurship and poor competition rules are holding back the Australian economy, with a new report suggesting a drop in competitiveness is putting at risk future prosperity.
Page 18: Origin Energy’s carbon emission intensity will be reduced by 80 per cent in the next seven years if shareholders approve a near-$20 billion sale of the electricity and gas utility to a consortium of private equity firms.
Page 18: Senior executives at Allkem and Livent say investors are supportive of the $US10 billion ($16 billion) merger between the two mining groups despite increasing concerns that volatility in the lithium price is making the deal, struck in May, increasingly unattractive to the former’s shareholders.
Page 19: Sanjeev Gupta’s InfraBuild is paying hundreds of millions of dollars in fees to the British industrialist’s other companies as payment for ‘‘shared services’’, just one part of a complex series of transactions between the Australian company and the businessman’s broader, ailing steel empire.
Page 21: Fortescue has put its foot on 150,000 hectares near its iron ore mines – to be used for renewable energy projects – just days after scrapping plans for a multibillion-dollar wind and solar farm hub that had been central to its decarbonisation plans.
Page 21: Mike Cannon-Brookes’ Sun Cable venture has begun discussions with the federal government’s $15 billion National Reconstruction Fund about support for a cable-manufacturing plant in Tasmania.
Page 32: Google’s threat to withdraw from Australia over laws that would force it to pay for new content was not an idle one – it even designed what users would see instead, internal emails filed in a major court case in the United States reveal.
Page 33: Victoria’s $78.5 billion infrastructure pipeline has supercharged demand for concrete, pushing up prices for commercial builders trying to service the demand for warehouses and logistics sites to meet the e-commerce boom.
Page 6: The Victorian government’s ban on new gas connections – as well as its plans to outlaw rebates on gas appliances – will destroy more than 1300 jobs within six to 12 months, according to the gas appliance industry.
Page 7: Communications Minister Michelle Rowland has flagged major changes to the government’s proposed misinformation laws, including adding religious protections to the speech regulations.
Page 13: Sanjeev Gupta’s GFG Alliance is hunting for land and iron ore supplies in Western Australia amid a sudden acceleration of interest in low-carbon iron ore and steel production, joining BlueScope Steel and international giants such as POSCO in a rush to establish a foothold in the resource-rich state.
The West Australian
Page 1: Just one in 20 GP clinics in WA are offering the COVID vaccine to children under the age of 12, leaving parents at a loss as to how they can protect their kids in the middle of Australia’s eighth wave of the potentially deadly virus.
Page 3: Animal cruelty charges against Emanuel Exports relating to the deaths of 2400 live export sheep five years ago are tipped to be dropped this week after the State Government received new legal advice.
Page 14: The ride to the beach could soon be a lot smoother, with Perth’s biggest council pushing a radical plan for ecofriendly trackless trams to take people to Scarborough.
Page 14: Miners at Rio Tinto’s Silvergrass site were evacuated for a second time over the weekend as firefighters battled a raging bushfire in the Pilbara.
Page 19: Former high-profile liquidator Mel Ashton is having another crack at financing the resuscitation of good resources businesses which might otherwise face burial.
Page 19: Fatigue, long hours, high staff turnover and unrealistic turnaround times are behind Virgin Australia cabin crew preparing to vote on protected industrial action.