27/01/2017 - 06:40

Morning Headlines

27/01/2017 - 06:40

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Morning Headlines

Qantas to fly London, NYC direct

Qantas is considering replacing its remaining Boeing 747 jumbos with new-generation jets capable of flying non-stop between Sydney and London or New York by 2022, a move that would introduce direct access from Australia’s east coast to the two global financial centres and spark a major reorganisation of the airline’s international network. The Fin

 

‘No chance’ of meeting 2020 energy target

The founder of ERM Power, one of the country’s largest electricity retailers, says Australia has no chance of achieving its Renewable Energy Target of 23 per cent by 2020, meaning customers will be forced to pay higher prices for no environmental gain. The Fin

 

Major builders revolt against peak body on IR

A senior executive of a national builder and developer has launched a scathing attack on the Master Builders Association, and will be quitting it on the grounds it is too close to the Liberal Party and denies service to members who do not follow its agenda against the union. The Fin

 

‘Cut tax or we’ll be stranded’

Scott Morrison has warned that Australia is now facing the real risk of being globally stranded by crippling taxes that would erode the nation’s living standards if the government continues to be blocked politically from its company tax reforms. The Aus

 

Drone deal sends Aussie engine into orbit

A generation after Ralph Sarich’s plans to revolutionise internal combustion technology with an orbital engine ended in utter failure, the company he founded has been reborn with a lucrative contract to build high performance engines for unmanned US military drones. The Aus

 

Two killed after plane plunges into the Swan

Perth’s Australia Day celebrations ended in tragedy and the cancellation of Skyworks yesterday after two people were killed when a seaplane crashed into the Swan River. The West

 

Barnett eyes WA takeover of islands

It’s a tropical island paradise 3,000km from Perth and Colin Barnett wants it for WA. The West

 

Big bulk-up for Alcoa exports

Alcoa global boss Roy Harvey says the company wants to ‘dramatically’ ramp up its WA bauxite exports after last month’s first shipment of ore from WA. The West

 

The Australian Financial Review

Page 1: Qantas is considering replacing its remaining Boeing 747 jumbos with new-generation jets capable of flying non-stop between Sydney and London or New York by 2022, a move that would introduce direct access from Australia’s east coast to the two global financial centres and spark a major reorganisation of the airline’s international network.

Treasurer Scott Morrison has endorsed ‘robo-advisers’ offering cheap automated superannuation advice as the next step in Australia’s financial industry, and has urged consumers to overcome their privacy fears about business and governments sharing personal data.

Page 3: The founder of ERM Power, one of the country’s largest electricity retailers, says Australia has no chance of achieving its Renewable Energy Target of 23 per cent by 2020, meaning customers will be forced to pay higher prices for no environmental gain.

Page 4: Mining billionaire Andrew Forrest says every Australian can help stop insidious global slavery by doing something as simple as stopping to ask the checkout operator about your produce before you buy it.

Page 5: A senior executive of a national builder and developer has launched a scathing attack on the Master Builders Association, and will be quitting it on the grounds it is too close to the Liberal Party and denies service to members who do not follow its agenda against the union.

Page 6: Deputy Prime Minister Barnaby Joyce has given conditional backing to Rio Tinto’s decision to sell off two of its major Australian coal mining assets to Chinese controlled miner Yancoal, which is yet to gain Foreign Investment Review Board approval.

Page 7: Treasurer Scott Morrison has warned the European Union of trying to punish the UK for Brexit, saying any clampdown on Britain’s financial system would likely ricochet around the world.

Page 8: Prime Minister Malcolm Turnbull has attempted to douse speculation the government’s refugee deal with the United States is in doubt after President Donald Trump’s pledge to suspend accepting refugees from some Muslim-majority nations.

Page 15: A firm representing shareholders of Dick Smith Holdings is considering making claims against Anchorage Capital Partners and other parties involved in the consumer electronics retailer’s $334 million float, including investments banks and accounting firms.

This year’s biggest float candidate Alinta Energy has unveiled ambitions for a significant scale-up in its east coast presence ahead of a potential $2 billion-plus IPO this quarter.

 

The Australian

Page 1: Scott Morrison has warned that Australia is now facing the real risk of being globally stranded by crippling taxes that would erode the nation’s living standards if the government continues to be blocked politically from its company tax reforms.

The woman who became NSW Premier this week has relatives still suffering amid the horrors of war-torn Aleppo, the ancient Syrian city at the heart of a bloody and extended civil war.

Page 3: Tough curfew laws on Sydney’s international airport should be watered down as part of efforts to encourage further expansion of the nation’s $130 billion tourism sector, industry leaders say.

A generation after Ralph Sarich’s plans to revolutionise internal combustion technology with an orbital engine ended in utter failure, the company he founded has been reborn with a lucrative contract to build high performance engines for unmanned US military drones.

Page 4: One Nation’s newly-minted Queensland leader Steve Dickson has moved to increase pressure on the Liberal National Party over its refusal to declare if it will do a preference deal with the resurgent political party.

Page 6: America will reclaim its borders, build a wall and decide who comes into the country as part of a historic shift in US immigration policy and national security unveiled by Donald Trump.

Page 17: Global sharemarkets yesterday reacted positively to fresh record highs on Wall Street amid expectations that Donald Trump’s administration will pursue pro-growth policies including tax cuts, regulatory rollbacks and infrastructure spending.

Page 18: Global hedge fund Varde Partners is understood to be capitalising on another distressed opportunity in Australia. This time it’s Slater & Gordon.

Page 19: Bookings for restored daily Qantas flights between Sydney and Beijing are already booming, in line with the growing business and tourism links between the countries.

 

The West Australian

Page 3: Some of the nation’s biggest banks are reducing credit card deals as customers get savvy at repaying debt.

Page 6: Perth’s Australia Day celebrations ended in tragedy and the cancellation of Skyworks yesterday after two people were killed when a seaplane crashed into the Swan River.

Page 11: Taxpayers are spending $500,000 on a high-tech shark detection system at one of Perth’s least shark-prone beaches.

Page 12: Julie Bishop is urging Donald Trump not to desert the Asia-Pacific and to be willing to wield American clout amid rising tensions over China’s militarisation of the South China Sea.

Page 14: It’s a tropical island paradise 3,000km from Perth and Colin Barnett wants it for WA.

Page 17: Early plans for an ocean-style pool at North Cottesloe have been unveiled, with the proponent saying it could draw back swimmers scared by shark attacks and be a major tourist drawcard.

Page 18: The City of Melville has moved to dispel what it says are false claims about the dangers of the Roe 8 road project and the touted benefits of an outer harbour in Cockburn Sound.

Page 22: Boeing has ruled out mounting its own search for MH370 in the southern Indian Ocean after the suspension of the official mission.

Page 24: The body that manages Rottnest Island has had to ferry over two diesel-fired generators to keep the lights on after a failure of the grid stranded the island’s wind turbine.

Page 51: Alcoa global boss Roy Harvey says the company wants to ‘dramatically’ ramp up its WA bauxite exports after last month’s first shipment of ore from WA.

The termination of a key contract at the Ichthys LNG project - which draws its gas from WA’s North West - has added to problems which are threatening to derail plans for first production in September.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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