WA pitch for Rio HQ
WA pitch for Rio HQ
Mark McGowan has urged Rio Tinto to relocate its head office from London to Perth, saying the move made sense given the lion’s share of the company’s profits came from WA. The West
BHP, Fortescue reject call for ban on disturbing heritage sites
BHP and Fortescue Metals have rejected shareholder demands for a moratorium on disturbing cultural heritage sites in the wake of the Rio Tinto scandal, arguing that agreeing to such a move would disempower traditional owner groups and damage the economy. The Aus
Business splits over union deal
Employer groups are at war with one another over possible changes to the enterprise bargaining system, further damaging the prospects for the Morrison government of making any substantive industrial relations reform that would promote a jobs recovery. The Fin
New owners to overhaul much-loved landmark
The Flying Scotsman has left the station for good but the heritage-listed pub will soar once more after a multimillion-dollar overhaul by the team behind The Camfield. The West
Rio Tinto top seed happy at Newmont
The Australian at the helm of the world’s biggest gold multinational, Newmont president Tom Palmer, says he wants to continue at the gold miner amid speculation he would be the ideal person to lead Rio Tinto’s re-engagement with Australia. The Fin
Green bodies to fund hydrogen, carbon capture
Two government bodies set up to fund the development of renewable energy will have their mandates expanded to fledgling technologies such as carbon capture and storage, hydrogen production and green steel, under a $1.9 billion package to be announced today. The Fin
Boards warned of rise in cyber risk
Boards need to be able to show visible accountability to investors on cyber-security risk issues and government regulation alone will not be the answer to improving the nation’s cyber resilience, according to Vocus chairman and former Telstra chairman Bob Mansfield. The Aus
States agree to take more arrivals
Deputy Prime Minister Michael McCormack, who has responsibility for administering the cap, has written to the states proposing NSW, Queensland and Western Australia each absorb an extra 500 arrivals a week and South Australia 360, to undergo 14 days of hotel quarantining. The Fin
TV rights for rugby: Nine tries its luck
Nine Entertainment Co and its streaming service Stan have entered the fray for rugby union broadcast rights, in a move that could shake up the Australian sports telecasting landscape. The Aus
Bonuses for execs as staff go on JobKeeper
A number of ASX-listed companies have paid their top executives more than $15.6m in bonuses or other benefits after putting their hands out for more than $209m in taxpayer cash to help fund their workforce during the COVID-19 pandemic. The Aus
The Australian Financial Review
Page 1: Employer groups are at war with one another over possible changes to the enterprise bargaining system, further damaging the prospects for the Morrison government of making any substantive industrial relations reform that would promote a jobs recovery.
Two government bodies set up to fund the development of renewable energy will have their mandates expanded to fledgling technologies such as carbon capture and storage, hydrogen production and green steel, under a $1.9 billion package to be announced today.
Page 3: Australia’s recession will be less severe than expected but its recovery will depend on continuing fiscal support and no return to severe lockdowns, the Organisation for Economic Cooperation and Development says.
Page 4: Mike Cannon-Brookes has kicked off talks with battery titan Elon Musk about developing a replacement power source for the ageing Liddell coal-fired power plant, but says the Morrison government must clearly set out the rules of engagement for any new investments.
Page 6: Profiles of more than 16,000 military personnel from Australia, the United States, South Korea and Britain appear on a leaked Chinese database, which has a heavy focus on those connected to Washington’s nuclear program.
Page 7: Australia must wean itself off its economic dependence on China, but until then, it should temper public criticism of Beijing’s attempts to undermine national security and sovereignty, Andrew Liveris says.
Page 8: Deputy Prime Minister Michael McCormack, who has responsibility for administering the cap, has written to the states proposing NSW, Queensland and Western Australia each absorb an extra 500 arrivals a week and South Australia 360, to undergo 14 days of hotel quarantining.
Page 14: Consumers are the big winners from federal government-owned Snowy Hydro taking on the ‘‘oligopoly’’ of the major electricity suppliers, according to chief executive Paul Broad, who says there’s a clear case for building new gas-fired power generation.
Page 16: The Australian at the helm of the world’s biggest gold multinational, Newmont president Tom Palmer, says he wants to continue at the gold miner amid speculation he would be the ideal person to lead Rio Tinto’s re-engagement with Australia.
Page 17: Cleanaway Waste Management boss Vik Bansal and the company’s top lawyer Dan Last have warned employees not to leak to the media, as the company battens down the hatches following revelations the chief executive was probed over claims he led a ‘‘culture of bullying and harassment’’.
Page 19: Workplace collaboration software giant Atlassian is launching a $70 million fund designed to support the growth of the company’s cloud ecosystem.
The Australian
Page 2: Former Treasury secretary Ken Henry says it is time for Australia to introduce a dedicated fund built on taxpayer contributions and devoted solely to aged-care services.
Page 3: Nine Entertainment Co and its streaming service Stan have entered the fray for rugby union broadcast rights, in a move that could shake up the Australian sports telecasting landscape.
Page 4: The OECD has slashed its forecast for Australian GDP growth in 2021, saying shutdowns associated with Victoria’s second wave of COVID-19 will drive a much weaker than expected rebound.
A demand by the Morrison government for the states to boost hotel quarantine capacity by 2000 a week won’t convince Qantas to reinstate international flights before July next year, as more than 3000 “vulnerable” Australians remain stranded overseas.
The Australian National University will cut a further 215 jobs to help meet an estimated budget shortfall of $103m in each of the next three years as a result of COVID-19.
Page 7: New Australians will be granted citizenship only after answering questions testing their knowledge of the country’s core values — including freedom of speech, religion and association.
Page 9: Donald Trump said the world was watching “the dawn of a new Middle East” as Israel, the United Arab Emirates and Bahrain signed an historic deal to establish formal ties.
Page 13: The nation’s supermarket chains are hopeful of a breakthrough in talks over the easing of tough restrictions placed on their critical supply chains such as distribution centres and warehouses following a meeting with Victorian Premier Daniel Andrews.
A number of ASX-listed companies have paid their top executives more than $15.6m in bonuses or other benefits after putting their hands out for more than $209m in taxpayer cash to help fund their workforce during the COVID-19 pandemic.
Technology firm AP Ventures, which is backed by “buy now, pay later” juggernaut Afterpay, has raised $50m from investors, including billionaire Alex Waislitz, to bankroll its first move into the Chinese BNPL sector.
Page 15: Boards need to be able to show visible accountability to investors on cyber-security risk issues and government regulation alone will not be the answer to improving the nation’s cyber resilience, according to Vocus chairman and former Telstra chairman Bob Mansfield.
BHP and Fortescue Metals have rejected shareholder demands for a moratorium on disturbing cultural heritage sites in the wake of the Rio Tinto scandal, arguing that agreeing to such a move would disempower traditional owner groups and damage the economy.
Page 16: The US Federal Trade Commission is gearing up to file a possible antitrust lawsuit against Facebook by the year-end, according to sources, in a case that would challenge the company’s dominant position in social media.
The West Australian
Page 5: Perth lord mayoral candidate Tim Schwass wants rough sleepers in the CBD who refuse assistance to be “scooped up by police” and held in custody until they “come up with a concrete plan”.
Page 6: West Australians unable to earn an income because they must self-isolate, quarantine or care for someone with COVID-19 can now access a pandemic leave disaster payment.
The Perth Show might be cancelled but animal lovers can still get their COVID-safe agricultural fix this year.
Page 7: Child sex offenders and bikies from major outlaw gangs are among those being detained at Christmas Island, where Premier Mark McGowan is suggesting stranded Australians returning home from overseas could quarantine.
Page 10: West Coast chief executive Trevor Nisbett has dismissed as “nonsense” a description put to him at a parliamentary inquiry that he is “the godfather of WA football”.
Page 11: The Flying Scotsman has left the station for good but the heritage-listed pub will soar once more after a multimillion-dollar overhaul by the team behind The Camfield.
Three out of four Australians believe tech giants including Facebook, Instagram and Google should be doing more to remove deeply harmful material from their platforms, including child abuse, revenge porn, fake news, cyberbullying and trolling.
Page 17: Joondalup mayor Albert Jacob is considering entering the race to fill the Senate vacancy created by Finance Minister Mathias Cormann’s retirement.
Business: Mark McGowan has urged Rio Tinto to relocate its head office from London to Perth, saying the move made sense given the lion’s share of the company’s profits came from WA.
WA businesses are being urged to safeguard the positions of apprentices and trainees when they transition off Job-Keeper, with many unaware they can still access support to pay recruits.
WA still has a long way to go when it comes to boosting the number of females in senior leadership roles, with data showing women are still not reaching the top jobs.
