China link to firm in rare earths fight
The company accused of covert attempts to gain control of a strategically important West Australian rare earths miner has ties to two major Chinese conglomerates tasked with maintaining a stranglehold on rare earths supply. The Fin
Greens threaten deal with gas exporters to avert shortages
A new deal to deliver a huge injection of gas to plug looming holes in supply for east coast homes and businesses is already under threat from a Greens plan to scuttle the Albanese government’s industry code of conduct in parliament this week. The Fin
ACCC set for $50m contracts blitz
The Australian Competition and Consumer Commission is planning a crackdown on consumer contracts for everything from airline tickets to houses, with a former insider tipping ‘‘prosecutions before Christmas’’. The Fin
Fears of payout distortion trigger more IR changes
The Albanese government will limit termination payments under its proposed ‘‘same job, same pay’’ rules following business concerns the laws would lead to hidden backpay liabilities that could drastically distort listed companies’ market value. The Fin
Teachers no option but to make it up
Australia’s school curriculum is too vague and confusing for teachers who have to “invent their own’’ lessons and are not clear about what they need to teach, education ministers have been warned by the nation’s official education research body. The Aus
New gas production ‘will remain essential’ under net zero target
New modelling on the role of gas shows substantial domestic production will still be required by mid-century, regardless of which pathway Australia takes to achieve its net zero by 2050 target. The Aus
Facebook hammered for fake video scams
Facebook has been condemned by one of the nation’s most prominent business figures for failing to stop a new generation of scam ads that use deepfake videos of him and other high-profile Australians “endorsing” fraudulent investments. The Aus
$200 power jolt for WA households
Hundreds of thousands of WA households are set for an early Christmas present with a power bill credit coming their way from the Cook Government that they may have forgotten. The West
Police may copy nurses in push for Parliament
WA’s police union will debate endorsing officers running for Parliament at the next State election, following on from the decision of the Australian Nurses Federation to set up its own political party. The West
The Australian Financial Review
Page 3: Climate protesters who blocked the shipping channels to the Port of Newcastle at the weekend claimed they stopped the export of 500,000 tonnes of coal from Australia’s largest port.
Page 8: High levels of risk aversion and too few mid-sized companies are stymieing innovation and threatening to hold back the Albanese government’s industry policy ambitions, Industry Minister Ed Husic will say today as he announces almost $400 million in grants to help smaller firms scale up.
Page 10: The overwhelming majority of superannuation funds are adjusting their investment strategies to cater to the Your Future, Your Super performance testing, even if it means reducing their exposure to potentially lucrative sectors, a new survey shows.
Page 17: COP summit, known as COP28, when almost 200 countries and 70,000 delegates will gather in Dubai this week for the annual dust-up over how, and how fast, to tackle climate change. Many people are feeling oddly optimistic.
Page 19: BHP is considering nuclear energy to power what will be the world’s biggest potash mine in Saskatchewan, Canada, in a move that would help the Australian mining giant achieve its net zero emissions target by 2050.
Page 21: Origin Energy’s board is leaning towards rejecting a Plan B proposal lobbed by its suitors, Canada’s Brookfield and its private equity partner EIG, as a last-ditch attempt to buy the ASX-listed electricity and gas giant.
Page 23: An obscure Thai hedge fund is demanding that candle and diffuser retailer Dusk Group buy back shares from investors to support a sliding share price, despite a shaky consumer environment weighing on the sector.
Page 32: An investigation by the ABC’s ombudsman has cleared the public broadcaster’s Q&A program of bias, concluding the November 13 show – the target of almost 900 complaints – presented ‘‘highly polarising views’’ in a fair and balanced way.
Page 32: The new management team behind the owner of the HotCopper share trading forum and classifieds site Gumtree has done a dramatic about-face, scrapping plans to become the ‘‘Financial Times of South-East Asia’’, and instead says it will target Carsales, Seek and real estate.
Page 24: A fight over the use of two key words in the fast-growing land lease sector has deepened, with developer Stockland arguing that the registered trademark of rival Lifestyle Communities’ name should be cancelled.
Page 7: The World Heritage listing of Western Australia’s rock art-rich Burrup Peninsula will now not occur until 2025 at the earliest after UNESCO confirmed that the federal government’s original application was invalid.
Page 15: Wisetech Global founder Richard White has warned that the emerging asset class of cryptocurrency has become a dangerous haven for cyber-criminals and reiterated calls for the government to ban the payment of ransoms to international crime groups.
Page 15: Amid concerns about pressure on the rental market, executives from some of Australia’s largest companies say immigration will help to take heat out of the tight labour market, allow for more housing to be built and drive down sticky services inflation.
Page 17: Less than one-third of top Australian companies have adopted science-based climate targets, with a major green body warning companies face a crackdown with tougher disclosure rules set to start next July.
Page 18: Optus’s massive national outage has cast the spotlight on the safety of drone deliveries, potentially further hindering the widespread use of the autonomous aircraft flying parcels directly to homes.
Page 19: Utilities across the US are trying to boost spending to maintain ageing natural gas pipelines. Regulators in some Democratic states seeking to limit gas use are saying not so fast.
Page 19: An obscure zinc smelter in Tennessee is sitting on two minerals vital to producing chips for smart-phones and radar systems, landing it in the middle of a global trade war.
Page 23: Australian media stocks are weathering a malaise in advertising spending as major players cut costs and look at acquisitions to meet growing demand for digital content.
Page 24: Australian advertisers have all but deserted social media platform X since it was bought by Elon Musk, with new figures showing spending dropped by more than 60 per cent over the first nine months of the year.
The West Australian
Page 39: One of Australia’s biggest superannuation funds Aware Super is eyeing WA’s increasingly lucrative critical minerals sector for investment as it aims to bolster its multibillion-dollar portfolio.
Page 39: Gina Rinehart has turned the first soil at a $20 million project to renovate the future West Perth headquartersof iron ore miner Roy Hill Holdings.
Page 40: New data from FCM Consulting shows domestic and international airfares are expected to rise 3 to 7 per cent in 2024, but demand for travel, particularly for business, is expected to remain high.
Page 40: The world’s richest countries will be told to cut down on meat as part of a bid to bring the global agrifood industry into line with the Paris climate agreement.
Page 42: Homeowners are crossing their fingers as the cost of living crisis has more Aussies cutting insurance from their budgets.
Page 43: Aussies are being dudded out of thousands of dollars a year and working on average seven weeks worth of unpaid overtime, according to new data.
Page 43: Baby boomers are increasing their spending on travel and eating out as soaring inflation and interest rates inflict pain on young Australians.