Trump upends world order
The US alliance is facing its toughest test in decades after Donald Trump impose a 10 per cent tariff on Australian exports as part of his escalating trade war, which has sent shockwaves around the world and heightened the risk of a global recession. The Fin
APRA denounces ANZ’s risk culture
A major audit of ANZ’s markets division has uncovered bullying, substance abuse and managers turning a blind eye to cultural failings, warning these issues could extend across the company’s retail bank. The Fin
Australian beef exporters confident of weathering tariff blow
Exporters say they can ride out Donald Trump’s direct tariff hit on Australia, in part because America’s big burger chains need Australian beef to lift the quality of the patties they sell by the millions every day. The Fin
New tariff could force RBA into several rate cuts in 2025
Markets are increasingly confident the Reserved Bank of Australia will cut the cash rate next month and up to another three times after that, as economists predict that US President Donald Trump’s tariffs will cause a global slowdown that will spill over to the Australian economy. The Fin
Threat of a global recession
Donald Trump’s global tariff edict wiped $21bn off the Australian sharemarket and spooked business leaders over fears that an unruly international trade war would kneecap the global economy and dampen demand for Australian exports in Asia. The Aus
Business puts hard word on Dutton to gut IR laws
Employers will pressure a Dutton government to gut Labor’s “same job, same pay” laws and conduct a comprehensive mid-term review of industrial relations legislation, despite the Opposition Leader declaring he would not seek to repeal the ALP’s workplace changes if the Coalition won the election. The Aus
ABC in need of funding
ABC chairman Kim Williams has called on the federal government to “properly invest” in the public broadcaster, claiming the organisation’s current $1.1bn taxpayer funding is “extremely low by historical standards”. The Aus
Union calls to address infrastructure shortage at schools
More children are turning up to school wearing nappies, prompting the education assistants’ union to call for kindergartens and pre-primaries to be equipped with change tables and other resources to help them cope. The West
Dutton’s ‘same job, same pay’ decision shocks industry
A senior mining executive has revealed industry leaders were blindsided by Peter Dutton declaring he won’t overturn “same job, same pay” laws which have empowered a union push into the Pilbara. The West
Premier tackled on Bears talks
Roger Cook has refused to open up about negotiations with the NRL and what the State Government is offering the east-coast based competition to bring a team to WA. The West
The Australian Financial Review
Page 9: The restaurant and catering industry group fronted by celebrity chef Neil Perry says low-paid workers should not be rewarded with minimum wage rises above inflation because labour productivity is too low.
Page 9: Prime Minister Anthony Albanese will forge ahead with a law forcing big tech companies to fund journalism, calling out the media bargaining code as a priority despite US President Donald Trump’s administration listing is as one of its trade grievances.
Page 14: The Reserve Bank says a sustained downturn in the Australian dollar could spark a crisis for the country’s superannuation sector and risk $4.2 trillion in savings if there was a shock in financial markets that sent funds scrambling to cover margin calls and currency hedges.
Page 14: Scyne Advisory will cut up to 10 per cent of its staff and merge its digital and data consulting division, reducing the number of partner-level executives.
Page 15: Woodside Energy chief executive Meg O’Neill says it is too expensive for the country’s largest producer of natural gas to make deep cuts to its carbon emissions, putting the company on a collision course with major investors who want to see it take more action on climate change.
Page 17: Sanjeev Gupta’s InfraBuild says it has won a reprieve from bondholders who will lend the steel-making business another $US150 million ($240 million) it can use to pay back other debts that are due next year.
Page 22: Investors erased $21.4 billion from the Australian sharemarket yesterday after a barrage of tariff announcements from US President Donald Trump raised fears about a global slowdown.
Page 24: Maurice Blackburn has struck a deal with unionised staff, ending a year-long pay dispute that peaked last month when lawyers were shut out of their offices by the Labor-aligned firm over a ban on billings.
The Australian
Page 4: Australia’s biggest healthcare companies were dragged into the damaging tariffs vortex on Thursday.
Page 5: Anthony Albanese is working on a plan to stockpile key critical minerals to use as strategic leverage with Donald Trump, amid expectations the US President could remove the 10 per cent tariff on Australian products within months.
Page 7: The Cook government has dispatched its Defence Industries Minister to the United States after one of its own MPs used a secret visit to Washington to spread security concerns about the AUKUS program.
Page 15: Shares in controversial luxury fashion and apparel marketplace Cettire collapsed by 16 per cent after US tariffs and news that duties would apply to mailed goods under the value of $US800 sent investors rushing to the exit door.
Page 15: A delayed decision on whether to extend the lifespan of Woodside’s North West Shelf project illustrates why Australia’s international standing as a destination for investment has declined, the company’s chief executive Meg O’Neill has declared.
Page 17: Treasury Wine Estates, the makers of Penfolds, Wolf Blass and Lindeman’s, is the first company to issue its response to Donald Trump’s tariff announcement, saying it doesn’t expect a blanket 10 per cent tariff on its Australian-made wine exported to the US to have a significant impact on its business.
The West Australian
Page 19: WA’s highest-paid officials have had their maximum pay packets lifted to more than $800,000 a year, despite the independent salaries body slapping down a repeat bid to “significantly” lift remuneration.
Page 19: Bret Silvey — the brother of bestselling WA author Craig Silvey — pleaded guilty to three counts of fraud in February and faced a sentencing hearing on Thursday.
Page 45: WA Cricket and Murdoch University have extended their long-running partnership in what has been described as a major investment to boost jobs in the sports industry.
Page 45: The chair of Rio Tinto wants the mining colossus to be “boringly consistent” in a world fraught with geopolitical unease, destabilising tariffs and “lengthy permitting” challenges.
Page 47: Fortescue’s iron ore chief is positive its main trading partner, China, will maintain a “quiet determination” in the face of potentially crippling US tariffs.
Page 47: The boss of Australia’s second largest gold miner has publicly lamented the future economic impact of Donald Trump’s tariffs, despite the trade barriers catapulting the gold price to record highs.
Page 48: Canadian energy giant TransAlta has won the approval of the Environmental Protection Authority for a new power plant that would support a restart of BHP’s mothballed WA nickel operations.
Page 48: A predatory pricing lawsuit by Brickworks against the Buckeridge family’s BGC building products empire has been scrapped, weeks out from a lengthy trial.
