Chinese ties ‘vital’ to trade survival
Queensland and Western Australia say their ties to China must continue unimpeded to secure billions of dollars’ worth of trade and thousands of jobs, as the resource states’ deals with the Asian superpower come under the scrutiny of the Morrison government. The Aus
Funds turn up the heat over emissions
Large foreign investment funds have warned that they could blacklist Australia and cut billions of dollars of investments in the country if the federal government failed to join the rest of the world in committing to a net-zero 2050 greenhouse gas emissions target. The Fin
WA investment king says stock market bubble ready to burst
WA’s biggest investment fund has defended the cautious stance that deprived its western suburbs investors of bumper returns as global equity markets surged out of COVID-19. The West
ACCC to target Google and Facebook again
The failure of a landmark antimonopoly case against Facebook by the US Federal Trade Commission will not stop global regulators from waging an aggressive campaign against the social media giant over the next two years, Australian Competition and Consumer Commission chairman Rod Sims has said. The Fin
Rollout rate needs to double to hit 80pc
Australia will have to nearly double current COVID-19 vaccination rates to about 205,000 doses a day to have 80 per cent of the country inoculated by Christmas, new analysis shows. The Fin
New home for city’s vulnerable
The YHA Hostel on Wellington Street will be converted into a homeless shelter from August — six months after the McGowan Government jumped the gun when incorrectly claiming it had secured a lease for the building. The West
Suitors must do more to tempt Tabcorp
Tabcorp Holdings wants bidders Entain and Apollo Global Management to make offers for its struggling wagering arm that it can seriously entertain as alternatives to the demerger which an internal review has found is the best option on the table. The Fin
Woolworths to supersize with retail ecosystem
Woolworths could double its addressable market to more than $500 billion and increase earnings more than threefold from businesses such as media, payments and data analytics, according to a new report from investment bank Jarden. The Fin
Employment surge turns up heat on rates
Despite lockdowns, employment is likely to keep growing in coming months, with another surge in job vacancies suggesting the Reserve Bank will raise interest rates ahead of its current timetable. The Aus
ACCC to look into saleyards access fight
The competition watchdog has confirmed it is considering issues involving the future of a major cattle trading hub in WA’s South West as a group of minor livestock agents ramp up their battle with two industry juggernauts over access to the facility. The West
The Australian Financial Review
Page 1: Sydney Airport, one of the few remaining airports still listed on a stock exchange anywhere in the world, has been ensnared by the global M&A boom after a group of big investors pounced on its pandemic-stricken share price to lob a $22 billion takeover bid.
The Sydney football tycoon at the centre of fraud allegations by Westpac and French bank Societe Generale has not been seen or contactable since mid-June when anomalies with a contract involving Seven Group-owned WesTrac were first raised.
Page 3: Large foreign investment funds have warned that they could blacklist Australia and cut billions of dollars of investments in the country if the federal government failed to join the rest of the world in committing to a net-zero 2050 greenhouse gas emissions target.
The failure of a landmark antimonopoly case against Facebook by the US Federal Trade Commission will not stop global regulators from waging an aggressive campaign against the social media giant over the next two years, Australian Competition and Consumer Commission chairman Rod Sims has said.
Page 4: Australia will have to nearly double current COVID-19 vaccination rates to about 205,000 doses a day to have 80 per cent of the country inoculated by Christmas, new analysis shows.
Page 5: Freedoms come too late in the new national pandemic plan and some of them should be available in phase one, according to a group of experts who have done their own modelling.
Page 8: Intake for the National Disability Insurance Scheme is exceeding forecasts and participants are exiting at lower than expected rates, contributing to concerns about the program’s long-term sustainability.
Page 9: Executives from Crown Resorts kept a potential $270m tax rort from the regulator because they assumed it would not be discovered, and only escalated the issue to board level once the Victorian royal commission was called.
Page 13: Tabcorp Holdings wants bidders Entain and Apollo Global Management to make offers for its struggling wagering arm that it can seriously entertain as alternatives to the demerger which an internal review has found is the best option on the table.
Page 15: Woolworths could double its addressable market to more than $500 billion and increase earnings more than threefold from businesses such as media, payments and data analytics, according to a new report from investment bank Jarden.
Page 20: The co-founder and CEO of workplace software collaboration giant Slack, Stewart Butterfield, says digital life has moved too far forward during the COVID-19 pandemic for companies to return to former ways of office-based working, even if they wanted to.
The Australian
Page 2: Queensland and Western Australia say their ties to China must continue unimpeded to secure billions of dollars’ worth of trade and thousands of jobs, as the resource states’ deals with the Asian superpower come under the scrutiny of the Morrison government.
Page 4: Despite lockdowns, employment is likely to keep growing in coming months, with another surge in job vacancies suggesting the Reserve Bank will raise interest rates ahead of its current timetable.
Page 7: Perth’s celebrity mayor-led council is just days away from voting against the centrepiece of the legendary cricket venue’s ambitious $100m reinvention, with broadcaster-cum-commentator-cum-columnist-cum-radio host Basil Zempilas and fellow councillors expected to sink a plan for a new aquatic centre on the WACA’s northwestern corner.
Page 13: Australia’s largest super fund, the $225bn-plus AustralianSuper, is expecting to more than double its assets to almost $500bn in the next five years.
Page 16: Intensifying regulatory scrutiny and the cost of a corporate and cultural overhaul are combining with the lingering impacts of Covid-19 to hit Crown Resorts’ earnings, with the casino giant flagging a loss for the full financial year.
The West Australian
Page 3: The YHA Hostel on Wellington Street will be converted into a homeless shelter from August — six months after the McGowan Government jumped the gun when incorrectly claiming it had secured a lease for the building.
Australia Post has unveiled new parcel packaging that includes a dedicated space for the inclusion of traditional Aboriginal place names.
Page 4: Standing service at pubs and bars is back on the menu and seated entertainment venues such as cinemas and theatres will be permitted to operate at half capacity from today after West Australians did the “right things” to earn a faster winding back of restrictions than originally planned.
The first day of the much publicised expansion of Pfizer jabs to GP clinics has been marred by confusion, with Perth doctors approved for the scheme still waiting for vaccine deliveries and having to turn scores of patients away.
Page 7: Federal Treasurer Josh Frydenberg says Australia “can’t eliminate” COVID-19 and needed to learn to live with the virus.
Page 8: Mining giant BHP has confirmed the number of sexual assaults on its WA mine sites that have had to be investigated by police is at least four after confirmation of two more incidents.
Page 9: Mandatory health warnings on junk food, similar to those on cigarette packets, should be introduced to tackle Australia’s growing obesity crisis, according to University of WA researchers.
Page 10: The heads of three private schools have backed plans by WA universities to make early offers to students before they sit their Year 12 exams, arguing it could help pave the way for the end of the traditional ATAR system.
Business: WA’s biggest investment fund has defended the cautious stance that deprived its western suburbs investors of bumper returns as global equity markets surged out of COVID-19.
Ensuring trainees have access to stable work and boosting take-up in roles with rapidly growing demand will be key to the success of the McGowan Government’s mature-age apprenticeship grants, unions say.
The competition watchdog has fined Brownes Dairy $22,200 after it failed to comply with a new Dairy Code of Conduct.
WA led sharp home-building approval falls in May as the construction sector faces constraints from the rising cost of materials and difficulty finding workers.
The competition watchdog has confirmed it is considering issues involving the future of a major cattle trading hub in WA’s South West as a group of minor livestock agents ramp up their battle with two industry juggernauts over access to the facility.
The Champagne houses of Moet Hennessy will soon include a “sparkling wine” mention on their bottles shipped to Russia to respect a new Russian law that reserves the name of the French region for bubbly wines made in the former Soviet country.
Magnetite Mines has placed a price tag of up to $675 million on its Razorback iron ore concentrate project in South Australia.
