Tech unicorn VGW hits profit jackpot
Young billionaire Laurence Escalante’s Virtual Gaming Worlds is Australia’s most profit-able technology “unicorn” after unveiling a huge financial result. The Aus
Tempt international graduates with work rights: ACCI
Skills shortages are so intense that the federal government should immediately extend more generous visa conditions to the 100,000 international graduates currently in the country, the Australian Chamber of Commerce and Industry says. The Fin
Report slams Labor’s free TAFE, Libs’ job-ready plan
The Productivity Commission has slammed a key Albanese policy to dramatically increase the number of free TAFE places, saying it does nothing to increase the quality of education, artificially props up the public provider and does not deliver community-wide benefits. The Fin
Miners say they’re pawns in IR inquiry
Mining companies believe they are being used for political purposes by being forced to appear before a Senate inquiry into an industrial relations bill put forward by One Nation, when they are already dealing separately with the government on the same matter on the basis of confidentiality. The Fin
Treasury Wines says 45pc want low, no-alcohol wines
Penfolds and Wolf Blass owner Treasury Wine Estates says about 45 per cent of consumers are looking for more health-conscious options in wine, and it will accelerate its push into lower-alcohol and no-alcohol wines. The Fin
Suncorp pursuit to use CBA playbook
ANZ is to submit its long-awaited pitch to acquire Suncorp Bank to the nation’s competition regulator within weeks as it seeks approval for the $4.9bn deal. The Aus
Tabcorp to have a Dabble in upstart
Tabcorp is in discussions to buy a stake in emerging social betting business Dabble, as part of a strategic revamp of digital wagering. The Aus
Collie coal mine shut after bulldozer falls down pit
A bulldozer falling down the side of a pit caused a 10-day shutdown of part of Premier Coal’s Collie mine, exacerbating production issues caused by a wetter than expected winter and forcing one of WA’s biggest coalfired power plants out of operation for three months. The West
Northern Star’s $15m bid to keep senior staff
Gold miner Northern Star Resources will award millions of dollars in share rights to senior management led by chief executive Stuart Tonkin as part of a new $15 million plan to retain senior talent. The West
The Australian Financial Review
Page 1: Sharp divisions have emerged inside the Albanese government over the future of the stage three tax cuts as Treasurer Jim Chalmers builds a case to pare them back as soon as this month when he delivers his first budget.
Page 2: The Productivity Commission has slammed a key Albanese policy to dramatically increase the number of free TAFE places, saying it does nothing to increase the quality of education, artificially props up the public provider and does not deliver community-wide benefits.
Skills shortages are so intense that the federal government should immediately extend more generous visa conditions to the 100,000 international graduates currently in the country, the Australian Chamber of Commerce and Industry says.
Page 6: Mining companies believe they are being used for political purposes by being forced to appear before a Senate inquiry into an industrial relations bill put forward by One Nation, when they are already dealing separately with the government on the same matter on the basis of confidentiality.
Page 12: British investors in Australian mortgage-backed securities have scheduled a further three auctions to liquidate $400 million of their holdings this week as the apparent scramble among British pension funds to raise cash to meet margin calls continues.
Page 15: Penfolds and Wolf Blass owner Treasury Wine Estates says about 45 per cent of consumers are looking for more health-conscious options in wine, and it will accelerate its push into lower-alcohol and no-alcohol wines.
Page 17: MACA shareholders who have not yet accepted a $367 million takeover bid from mining services group Thiess are considering whether to remain minority investors in the Perth-based contractor.
The Australian
Page 2: Chinese Communist Party propagandists have blunted anti- Chinese sentiment in Solomon Islands and boosted criticism of Australia and the West by spreading false narratives about last year’s riots in the capital Honiara and the country’s subsequent security pact with China.
Businesses have been handed up to $815,000 to employ Australians with a disability who want to work, as part of a $20m grants program.
Page 3: About 30,000 current and former Telstra staff have had their names and email addresses posted online following a breach of a third-party service, the telco has confirmed.
While homeowners are likely to welcome the smaller-than-expected increase to their mortgage repayments, many will have to adjust spending habits to avoid falling into stress.
Page 13: ANZ is to submit its long-awaited pitch to acquire Suncorp Bank to the nation’s competition regulator within weeks as it seeks approval for the $4.9bn deal.
Proposed changes to the franking credits system could “panic” retail shareholders, particularly those relying on dividends to fund retirement, the Australian Shareholders’ Association says.
Page 14: Tabcorp is in discussions to buy a stake in emerging social betting business Dabble, as part of a strategic revamp of digital wagering.
Page 15: Young billionaire Laurence Escalante’s Virtual Gaming Worlds is Australia’s most profit-able technology “unicorn” after unveiling a huge financial result.
Page 21: Australian university students will be able to extend their study for 12 months and receive $11,000 to go toward building their own start-up, under a move set to be rolled out by the Albanese government.
The West Australian
Page 8: The average price of petrol in Perth will jump to 190.3¢ a litre on Wednesday — the most expensive level in three months as the full impact of the return of the fuel excise flows through to the bowser for the first time.
The Federal Government is standing firm behind controversial tax cuts despite global turmoil sparked by similar plans of the British Government and challenges to the Budget from rising interest rates.
Page 15: A planned mass meeting of more than a thousand nurses next week will be “postponed” if the State Government agrees to implement patient ratios and immediately pays nurses the $3000 cash bonus on offer to all public sector workers.
Business: A bulldozer falling down the side of a pit caused a 10-day shutdown of part of Premier Coal’s Collie mine, exacerbating production issues caused by a wetter than expected winter and forcing one of WA’s biggest coalfired power plants out of operation for three months.
Kim Kardashian will pay $US1.26 million ($1.96m) to settle Securities and Exchange Commission allegations that she broke US rules by touting a crypto token without disclosing she was paid for the promotion.
Gold miner Northern Star Resources will award millions of dollars in share rights to senior management led by chief executive Stuart Tonkin as part of a new $15 million plan to retain senior talent.
Former Mincor Resources boss David Southam has joined the rush of interest in Canadian lithium projects after accepting the role of Cygnus Gold managing director on a generous incentive package.
