Own home becoming ‘just for rich’
The Coalition is considering stripping the prudential regulator of some of its powers to regulate mortgage borrowing, and overhauling credit laws that MPs fear are locking first homebuyers out of the property market. The Fin
Succession chatter as Bruce Gordon retires from WIN
Bruce Gordon has quietly retired from the boards of his regional broadcaster WIN and private investment firm Birketu in a move that signals he is stepping back from the day-to-day management of the global media and property fortune he has accumulated over the past 60 years. The Fin
Ozempic alternatives flood the market
Global pharmaceutical giants have increased shipments of new weightless drugs into the country ahead of this week’s ban on local pharmacists making replica products, according to distributors. The Fin
Rooftop panel payouts cut amid oversupply
Households using rooftop solar will get paid up to a third less for supplying power to the grid as energy retailers around the country cut rates in response to a massive oversupply in the market. The Fin
Exports shock on ore to hit $39bn
Australia’s iron ore export earnings are projected to plunge $39bn by 2025-26 amid lower prices and worsening economic conditions in China, as sluggish electric vehicle sales growth and oversupply pummels nickel and lithium. The Aus
Budget cracks widen as Jim banks second surplus
Jim Chalmers will rely on new NDIS and aged-care reforms to rein in budget spending and offset falling tax revenue and lower commodity prices, as the Albanese government banked a second surplus of $15.8bn in its final budget outcome. The Aus
CEOs push shift back to office
Australian businesses are rolling out promotions and pay rises in a bid to get workers back into the office, with a growing number of chief executives believing the Covid-era work-from-home phenomenon is likely to be over within the next three years. The Aus
Qantas strike threatens airport chaos
Thousands of travellers could be delayed at Perth Airport from Monday when Qantas engineers strike because of a pay dispute. The West
Nicheliving boss clashes with 7NEWS over unfinished houses
The boss of embattled building firm Nicheliving has clashed with 7NEWS’ Geof Parry after being quizzed about the company’s unfinished builds. The West
Pandemic report delayed
The details of a major inquiry into Australia’s response to COVID-19 have been delayed after Anthony Albanese granted an extension because of the report’s “size and complexity”. The West
The Australian Financial Review
Page 4: Rank-and-file Labor members are urging the Albanese government to curtail negative gearing and capital gains tax concessions as part of an ambitious reform agenda, which targets 75 per cent homeownership by 2035.
Page 8: Tom White doesn’t believe the Coalition can be returned to government unless he can wrestle the prized West Australian seat of Curtin from teal independent Kate Chaney.
Page 10: Big retailers such as Bunnings, IKEA and Chemist Warehouse should be excluded from proposed beefed up operating rules for the food and grocery sector, industry leaders say.
Page 10: Allegations by the competition watchdog that Australia’s supermarket giants misled consumers with fake discounts have not significantly undermined community confidence in big business, according to readers of The Australian Financial Review.
Page 19: Boral chief executive Vik Bansal is the chairman of ASX-listed biogas group LGI, which has managed to thump the returns of the now Seven-owned concrete business where he made his name as a turnaround specialist.
Page 19: The open banking regime has been jolted back to life by the addition of 15,000 ANZ customers who last week linked accounts they hold at other banks to the ANZ Plus profiles using consumer rights afforded by the federal government-backed scheme.
Page 23: The Australian sharemarket will reclaim its record high today if traders are right, as investors turn more positive on unloved miners and speculate that the Reserve Bank of Australia will join the United States and China in loosening monetary policy.
Page 28: New housing projects are springing up in regional and country towns as developers see opportunities to deliver much-needed supply in areas experiencing strong population and economic growth.
The Australian
Page 7: Within four months of beginning production, BossCap has converted 150 Ford F-150 Lightnings from left to right-hand drive in order to meet the growing need of businesses and their environmental and climate targets, with deals already struck with the UN, airports and mining companies.
Page 13: Despite geopolitical challenges and economic pressures, Australian companies are moving faster than others to embed sustainability measures into their core business strategies, a new report reveals.
Page 15: Australia is not a competitive place to commercialise innovative new products, and it needs to boost tax incentives for research and development, Cochlear chief executive Dig Howitt says.
Page 15: Western Australia will seek to diversify and target new tourist markets as visitors flock back to the state after it was sealed off for much of the pandemic, with a goal to position Perth as the western getaway to Australia.
Page 15: Australian companies must help combat a chronic techy workers shortage to ensure the nation can capitalise on the artificial intelligence boom and defend itself against “increasing cyber attacks”, says WiseTech’s Richard White.
The West Australian
Page 5: The Health Minister has stood by an extension to Ramsay Health Care’s Joondalup Health Campus contract despite continued fallout from the death of toddler Sandipan Dhar, insisting the deal has tougher conditions.
Page 10: The risk the Greens pose to WA will be on full display this week as Adam Bandt tours Perth’s suburbs spruiking a $500 billion tax grab that critics warn would destroy Australia’s economy.
Page 11: A new union push could unleash chaos in the Pilbara and open the door to bullying, harassment and intimidation on mine sites, the Minerals Council of Australia has warned.
Page 16: Nurse-to-patient ratios will be imposed at Sir Charles Gairdner Hospital as the Health Minister dismisses concerns about rolling “code yellows” at its emergency department.
Page 20: Australia’s newest lithium producer forked out $21.3 million replacing syndicated loans with a significantly smaller funding deal to get its Kathleen Valley mine in the Goldfields up and running.
Page 20: A bid to pull Panoramic Resources from administration has cleared a huge hurdle after the WA Supreme Court dashed Barminco’s hopes of jumping the payment queue to avoid taking a big haircut.
Page 50: Many seniors could be facing a $100,000 increase in total aged-care costs when planned funding changes take effect next year.
