AusSuper won’t rush into Europe
The country’s largest superannuation fund is resisting the temptation to pull money out of the US sharemarket in favour of European stocks, warning that the Continent will suffer the most from President Donald Trump’s sweeping “Liberation Day” tariffs. The Fin
Labor wage pitch cues up ACTU’s 4.5pc call
The Albanese government’s call for an above-inflation increase to the minimum wage for three million workers has emboldened unions to apply for a 4.5 per cent rise, almost double the inflation rate and despite flatlining productivity. The Fin
Virgin pledges change in focus to kick off IPO
Virgin Australia will be “simpler”, “more focused” and “more balanced” should it return to the ASX boards after nearly five years in private equity hands, and will be more disciplined in how it spends shareholders’ money. The Fin
Coles pips Woolworths as shoppers’ favourite
More shoppers say Coles is their main supermarket, in a significant reversal of sentiment towards Woolworths which has fallen behind its smaller rival for the first time in years. The Fin
PM at odds with RBA on wages
Workers in low productivity sectors are among the biggest winners from a $1bn-a-year wages boost under Labor’s fair pay laws, new analysis has revealed, as Anthony Albanese challenged the Reserve Bank’s and economists’ assertion that higher pay without higher productivity is dangerous for the economy. The Aus
Dutton’s $600m for rural roads
Peter Dutton has unveiled a fresh bid to win over West Australians, announcing more than half a billion dollars in funding to upgrade key roads to make it easier for farmers and miners to transport their products. The Aus
Dutton threatens cuts to health, education and ABC
The health and education departments, alongside the ABC, are in Peter Dutton’s sights as the opposition attempts to identify “wasteful” spending, prompting Labor to liken the Coalition’s proposed cuts to a “chainsaw massacre”. The Aus
$500,000 funding boost to drive more factual filmmaking in WA
Documentary makers have propped up the WA screen industry for years, and now Screenwest is hoping to grow the sector further with a $500,000 funding initiative. The West
MinRes, Ellison cop a super class action
Mineral Resources and its founder Chris Ellison are facing a courtroom showdown after scandals that have played a role in cutting the lithium and iron ore miner’s market value in half over the past six months.The West
Qantas still ‘a long way’ from hitting clear skies
Qantas chair John Mullen has conceded the airline’s reputation is a “long way from being fixed” just days after it announced the departure of advertising guru Todd Sampson from the board.The West
The Australian Financial Review
Page 3: The Albanese government will try to negotiate the industry-by-industry removal of tariffs with the White House, including launching challenges under its free trade pact with the US, as part of Australia’s fightback against Donald Trump’s global imposition of duties of up to 20 per cent.
Page 4: Former Liberal prime minister John Howards says teal independent Kate Chaney’s attempt to walk both sides of the street on gas will turn voters against her in the battle for the prized West Australian seat of Curtin.
Page 8: Shadow treasurer Angus Taylor says the Coalition expects to make an economic return on its plan to kick-start a local nuclear power industry, after new data revealed that the custodians of more than $4 trillion in Australian retirement savings have almost no appetite for investing in the technology.
Page 17: The managing director of Westgold Resources has been rewarded with a 42 per cent pay rise and shares worth more than $4 million, despite the West Australian miner downgrading production only two months ago.
Page 19: News Corp and Telstra have finalised the sale of Foxtel to British sports streaming group DAZN after the deal was approved by the Foreign Investment Review Board last week.
Page 25: The ASX’s beaten-up uranium sector is braced for a fresh blow from US President Donald Trump’s next round of tariffs, which threaten to dislocate physical markets and further delay a hotly anticipated bull run.
Page 26: The Australian sharemarket edged higher yesterday as a sharp rally in property stocks helped to offset losses in the mining giants ahead of US President Donald Trump’s highly anticipated tariff announcements.
The Australian
Page 13: Metcash CEO Doug Jones has savaged the Albanese government for its attack on the supermarket sector and repeating the unfounded accusation that grocers are profit gouging, which he describes as “inflammatory language” designed to win votes, and a “gross oversimplification” of how the business works.
Page 13: Activist hedge fund Palliser Capital has accused the Rio Tinto board of running scared on the eve of a vote on the future of the miner’s dual-listed structure.
Page 15: Westpac will jettison its legacy invoice lending operations, as the banking major pivots to a relaunched offering aimed at commercial borrowers, promising its new systems will better combat fraud.
Page 18: Credit card providers are abusing payment surcharges for commercial gain, exacerbating the cost-of-living crisis, says the founder of one of the nation’s hottest fintech start-ups.
Page 18: Tight budgets have sparked a freeze in hiring in professional industries, an Australian recruitment agency says.
The West Australian
Page 11: Kate Hulett’s ambition to pivot from WA politics to Canberra has received a financial boost, with a $30,000 donation from Climate-200.
Page 18: The administrators of Zorzi Builders have held out hopes of a corporate revival after more than 100 tradies and suppliers agreed to keep working on the prestige construction group’s projects.
Page 35: An unused upmarket workers’ camp built to support US lithium giant Albemarle’s expansion in WA’s South West will be converted into rental units and a lifestyle village for over-50s under a $32.5 million sale to accommodation provider Aspen.
Page 35: The SeaLink ferry business servicing Rottnest Island is on the market after Kelsian Group announced plans to sell a big slab of a nationwide tourism division linked to some of Australia’s best-known holiday destinations.
Page 36: Deterra Royalties is a step closer towards locking in a new revenue stream after a $4.6 billion lithium carbonate project in the US got the investment tick, despite the battery metals market downturn.
