Canavan calls for good faith to settle Browse deal
The federal government is demanding Woodside, BHP and Chevron negotiate in good faith as the clock ticks on securing a deal on the future of the $US20.5 billion ($30 billion) Browse LNG project off Western Australia. The Fin
Jadestone Energy in running for Inpex
Jadestone Energy is tipped as a strong candidate to purchase the West Australian assets up for sale by Japanese oil company Inpex Corporation. The Aus
Find gives Telfer new impetus
A new gold discovery in the East Pilbara has the potential to transform the future of Newcrest Mining’s ageing Telfer operation, says the miner’s chief executive Sandeep Biswas. The West
Bunnings boss ‘owns’ pay error
Bunnings boss Michael Schneider has delivered a mea culpa over recent revelations the hardware chain had underpaid some of its employees but insists the company is making good on its failings. The West
Rio knew of project woes, UK court told
A former worker on Rio Tinto’s Oyu Tolgoi copper project has claimed in a United Kingdom court that he warned senior Rio officials about cost and schedule blowouts months before the company disclosed the issues to investors. The Fin
Mortgages give CBA the edge
Commonwealth Bank of Australia has recovered from the battering it took at the Hayne royal commission to buck widespread weakness in the banking sector after revealing almost double the growth in home loans of its nearest rival. The Fin
Unions eye board seats in $182b mega-merger
Unions for nurses, police, teachers, public sector employees and bluecollar workers will be vying for board seats if a proposed merger between Sunsuper and QSuper goes ahead. The Fin
Foreign affairs budget cut sparks warning from diplomats
Australia’s diplomats have pleaded for more funding after the Morrison government cut its budget by almost $180 million, despite times of growing international turmoil, trade wars and reservations over China’s rise. The Fin
Hiring policy must change as the AI era looms large
The chief executive of technology giant IBM has urged Australian business leaders to plan for dramatic changes to their organisations and the workforce caused by artificial intelligence and advances in quantum computing. The Fin
Woolworths, Caltex raise the bar for convenience
Woolworths and Caltex say a new chain of stores selling fresh food, groceries and fuel will raise the bar in the $8.5 billion convenience sector and change the way people shop. The Fin
ACCC eyes on Facebook fake ads
Australian Competition & Consumer Commission boss Rod Sims has thrown his support behind miner Andrew Forrest’s push for Facebook to take more action over fraudulent advertising on its platforms. The Aus
The Australian Financial Review
Page 1: Commonwealth Bank of Australia has recovered from the battering it took at the Hayne royal commission to buck widespread weakness in the banking sector after revealing almost double the growth in home loans of its nearest rival.
Page 2: The Reserve Bank of Australia is edging closer towards deploying unorthodox monetary stimulus such as buying government bonds, and the bank has announced that governor Philip Lowe will dedicate a speech to the topic.
Page 4: Queensland Police said some of the 55 fires burning across the state were deliberately lit.
Page 7: The government might have to wait another fortnight before knowing whether it will secure the passage of its union integrity bill after Jacqui Lambie and Pauline Hanson threw the legislation into doubt.
Page 8: Unions for nurses, police, teachers, public sector employees and blue collar workers will be vying for board seats if a proposed merger between Sunsuper and QSuper goes ahead.
Page 10: Australia’s diplomats have pleaded for more funding after the Morrison government cut its budget by almost $180 million, despite times of growing international turmoil, trade wars and reservations over China’s rise.
Page 13: Former secretary of the Department of Foreign Affairs and Trade Peter Varghese says Australia’s ‘‘big end of town’’ businesses need to wake up to the changed investment opportunities in India and says there is still potential for a bilateral agreement with one of the world’s fastest-growing economies.
Page 17: A former worker on Rio Tinto’s Oyu Tolgoi copper project has claimed in a United Kingdom court that he warned senior Rio officials about cost and schedule blowouts months before the company disclosed the issues to investors.
The chief executive of technology giant IBM has urged Australian business leaders to plan for dramatic changes to their organisations and the workforce caused by artificial intelligence and advances in quantum computing.
Page 19: Woolworths and Caltex say a new chain of stores selling fresh food, groceries and fuel will raise the bar in the $8.5 billion convenience sector and change the way people shop.
Page 20: The federal government is demanding Woodside, BHP and Chevron negotiate in good faith as the clock ticks on securing a deal on the future of the $US20.5 billion ($30 billion) Browse LNG project off Western Australia.
Page 21: Explosives and fertiliser maker Incitec Pivot will test investor interest in spinning off its Australian fertiliser business, as the company grapples with bad weather ranging from drought to flooding rains.
Page 23: The Walt Disney Company is committing a war chest of up to $3.65 billion to invest in original content for its Disney+ platform in its fight to knock Netflix off its perch as the dominant player in the global streaming wars and hit as many as 90 million subscribers by 2024.
The Australian
Page 4: Defence Minister Linda Reynolds is considering an unprecedented compulsory call-out of military reserves to help combat bushfire emergencies over the dry season amid the catastrophic fire threat facing NSW and Queensland.
Page 6: Joe Hockey will stay on in Washington after his term as Australia’s ambassador to the US ends, taking on a part-time role as a guest lecturer on public policy and politics at the American University.
The Senate has passed the government’s “big stick” legislation, introducing a new power into competition law aimed at breaking up the assets of energy companies for abusing their market power.
Page 17: Nine Entertainment has warned its first-half earnings will be hit as the TV network and publisher battles a tough advertising market while its radio network feels the pinch of an advertiser boycott of Alan Jones’ radio program.
Page 18: Jadestone Energy is tipped as a strong candidate to purchase the West Australian assets up for sale by Japanese oil company Inpex Corporation.
Page 19: Food delivery service Deliveroo has launched a click-and-collect option to mark its fourth year since landing in Australia, with the company’s recently appointed country manager, Ed McManus, saying more than 3000 restaurants will offer the service by the end of the year.
NBN Co has posted a 41 per cent jump in revenue for the 2020 fiscal year’s first quarter as it starts to make more money from residential and business connections.
Page 26: The graduate employment rate has dipped for the first time in four years, according to figures from a federal government survey of newly minted higher education graduates.
The West Australian
Page 3: The all-important Christmas trading period is usually a time for retailers to celebrate, but a survey has revealed the gloom has set in for Australian retailers, with many feeling the most pessimistic since 2013.
The man charged with the Pilbara mine site murder wrapped up his colleague in a tarpaulin before being stopped by other staff, police allege.
Page 7: Premier Mark McGowan has hit back at WA Federal MP Andrew Hastie’s accusations he is “out of his depth” over his Government’s close relationship with China, calling Mr Hastie “the enemy of jobs in WA”.
Page 11: An indigenous advisory board that was the pet project of former prime minister Tony Abbott is being reviewed by the Morrison Government.
Page 14: YouTube is warning parents they are responsible for their children’s behaviour on the site after a boom in the number of kids making their own online videos.
Page 26: The City of Wanneroo has removed the words “Australia Day” from its January 26 multicultural festival, prompting Federal Attorney-General Christian Porter to declare the move an “act of politically correct stupidity”.
Page 28: Local Government Minister David Templeman has warned Cockburn councillors he “won’t be afraid” to stand down individuals to end dysfunction at the southern suburbs council.
Business: Bunnings boss Michael Schneider has delivered a mea culpa over recent revelations the hardware chain had underpaid some of its employees but insists the company is making good on its failings.
Agriculture exporters who ship their produce in containers are being stung harder than expected and could be financially crippled in the short term by international shipping rules that start in January.
Plans to overhaul an outdated livestock saleyard near Bunbury are in limbo as the McGowan Government continues to mull over the facility’s future.
A new gold discovery in the East Pilbara has the potential to transform the future of Newcrest Mining’s ageing Telfer operation, says the miner’s chief executive Sandeep Biswas.
Perth’s hotel room boom shows no signs of slowing as the city’s latest luxury offering prepares to open its doors on Friday.
Two in five households who can connect to the National Broadband Network are still resisting it, with more than four million people now ignoring the $51 billion network available in their local area.
