Slump in Port Hedland iron ore exports
Exports through Australia’s top iron ore port have slumped to the lowest level in six months, suggesting the 41 per cent drop in iron ore prices since May would have been worse if Australian miners had maintained the pace set earlier this year. The Fin
Hope Downs action stalls
A Supreme Court judge has frozen official preparations for next April’s Hope Downs showdown as Gina Rinehart’s Hancock Prospecting and claimant DFD Rhodes prepare new appeals. The West
Get jabbed or left out: PM
Anyone not vaccinated or yet to be booked in for a jab by the end of next month risks being left behind by the rest of a country that badly needs to start opening up, Prime Minister Scott Morrison has warned. The Fin
ACCC to investigate Apple Pay restrictions
The competition regulator will investigate the way Apple controls access to the antennas its iPhones use to communicate with payment terminals, responding to concerns raised by Commonwealth Bank and Treasurer Josh Frydenberg. The Fin
US surge in delta weighs on markets
Australian shares could be pushed to a six-week low at the open today on the back of a heavy fall on Wall Street on Friday, as investors grow increasingly concerned a spike in delta variant COVID-19 cases in the US is putting the economic recovery in peril. The Fin
ACCC probes shipping cost surge
The Australian Competition & Consumer Commission has opened an investigation into the rapid rise in shipping and container costs in the wake of the Covid-19 pandemic, with inflation emerging as a major bugbear for the nation’s retail sector. The Aus
‘Follow Biden’s lead and review manufacturing’
A report by industrial manufacturing experts has concluded Australia needs an urgent 100-day review of its supply chains to identify gaps in sovereign manufacturing capabilities because economic opportunities are going begging in areas that include battery mineral value-adding. The Fin
Job-ready target ‘won’t be met’
A promise by the federal government to provide an additional 49,000 undergraduate places by 2023 to shore up Australia’s economic recovery after the pandemic is likely to fall short by more than 14,000 places, new analysis has found. The Fin
COVID opens gender gap
Economic disruption from COVID-19 has continued to slow closing of the pay gap between male and female workers. The West
The Australian Financial Review
Page 1: Anyone not vaccinated or yet to be booked in for a jab by the end of next month risks being left behind by the rest of a country that badly needs to start opening up, Prime Minister Scott Morrison has warned.
Australian shares could be pushed to a six-week low at the open today on the back of a heavy fall on Wall Street on Friday, as investors grow increasingly concerned a spike in delta variant COVID-19 cases in the US is putting the economic recovery in peril.
Page 3: A Federal Court judge has condemned Westpac over its failure to apologise for misleading superannuation customers, saying the bank deserved a $10.5 million fine because of its poor record of compliance.
Page 5: State and territory governments have to keep their word to ease COVID-19 restrictions once 70 to 80 per cent vaccination rates are achieved if they want vaccine-hesitant construction workers to get the jab, focus groups have found.
Page 8: Innovation and research funding and government support for the defence industry is set to be overhauled amid concerns Australia risks falling behind in the arms race as China’s rise fuels regional instability.
Australia and India have agreed to strengthen their defence ties in yet another move by regional nations to check the rise of China.
Page 9: A report by industrial manufacturing experts has concluded Australia needs an urgent 100-day review of its supply chains to identify gaps in sovereign manufacturing capabilities because economic opportunities are going begging in areas that include battery mineral value-adding.
Page 12: A promise by the federal government to provide an additional 49,000 undergraduate places by 2023 to shore up Australia’s economic recovery after the pandemic is likely to fall short by more than 14,000 places, new analysis has found.
Page 13: The competition regulator will investigate the way Apple controls access to the antennas its iPhones use to communicate with payment terminals, responding to concerns raised by Commonwealth Bank and Treasurer Josh Frydenberg.
Page 15: Online trading platform Stake will unleash $3 flat-fee brokerage on transactions for ASX-listed securities, dramatically undercutting the local market in the latest salvo in the battle for share of wallet among the new breed of neo-brokers.
Page 17: AMP Capital funds have copped a shellacking from ratings house Morning-star after its multi-asset group strategies were hit by a string of departures amid broader instability at the 172-year-old wealth manager.
Page 19: Exports through Australia’s top iron ore port have slumped to the lowest level in six months, suggesting the 41 per cent drop in iron ore prices since May would have been worse if Australian miners had maintained the pace set earlier this year.
The Australian
Page 1: Home Affairs Minister Karen Andrews will seek to increase powers for security agencies and courts to keep high-risk terrorists in prison or monitor them on release and ramp up de-radicalisation programs to stop violent extremism “before it manifests in an attack”.
Western Australia is working on plans to lock down remote Aboriginal communities with low vaccination rates when it lifts state and international borders, with health officials concerned American evangelists were scaring residents into refusing inoculations.
Page 3: The federal government’s new higher education funding scheme will leave universities $1.1bn short of the money needed to pay for the extra 54,000 student places it promised by 2024, according to an analysis by a former senior Education Department public servant.
Page 4: Australia’s vaccine passport technology will be tested in major cities around the world this week to ensure it is compatible with the nation’s prospective travel bubble partners, as home quarantine trials in Adelaide prepare to take on international arrivals.
Page 6: Northern Australia Minister David Littleproud has called on the private sector to demonstrate the “courage and conviction of their own wallet” to unlock the region’s economic potential.
Page 13: The Australian Competition & Consumer Commission has opened an investigation into the rapid rise in shipping and container costs in the wake of the Covid-19 pandemic, with inflation emerging as a major bugbear for the nation’s retail sector.
Page 15: The peak lobby group for global carmakers operating in Australia has called on the federal government to step back from further regulation of the industry, arguing that proposed changes are unnecessary and will come at a cost to consumers.
The West Australian
Page 3: A trio of Clan members have nominated for Liberal officebearer positions — headlined by incumbent treasurer Aiden Depiazzi, who has warned members the shattered party cannot rebuild “unless our collective focus is shifted away from dwelling on internal disputes”.
Page 4: WA’s vaccination rollout among the over 60s has slowed significantly with the Premier admitting he was concerned about AstraZeneca hesitancy as he flagged Pfizer would soon be made available to seniors.
Page 5: Mark McGowan has dubbed the AFL decider “very much a Western Australian grand final” after the Bulldogs upset the Power, dashing prospects of hordes of South Australians invading Perth.
Deputy Labor leader Richard Marles has slammed Scott Morrison as “irrational” for urging Mark McGowan to open the WA border, saying AFL fans around the nation were praising the hard border as it allowed the grand final to be played in front of a packed crowd.
Business: A Supreme Court judge has frozen official preparations for next April’s Hope Downs showdown as Gina Rinehart’s Hancock Prospecting and claimant DFD Rhodes prepare new appeals.
Global restaurant chain TGI Fridays is expanding in WA, with a new venue set to open early next month.
Economic disruption from COVID-19 has continued to slow closing of the pay gap between male and female workers.
