Analyst news

• Two-speed economy leaves people like Edward Schimmel behind, but that's not WA's only economic dilemma

  08-04-2022 22:20 via abc.net.au
  
  Western Australia's path through the pandemic creates a two-speed economy and that's bad news for business owners like Edward Schimmel.
  
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• Canada bans foreign homebuyers for two years to cool market

  08-04-2022 11:09 via abc.net.au
  
  The Canadian government announces a sweeping ban on foreign homebuyers to address soaring property prices, which have risen by 50 per cent in two years.
  
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• Canada bans foreign home buyers for two years to cool market

  08-04-2022 11:09 via abc.net.au
  
  The Canadian government announces a sweeping ban on foreign home buyers to address soaring property prices, which have risen by 50 per cent in two years.
  
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• Stirling’s tunnel vision for Scarborough

  08-04-2022 10:07 via businessnews.com.au
  
  The City of Stirling and the state government are still at odds on ways to combat traffic in Scarborough, with the council recently reaffirming its preference for a tunnel.
  
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• Redundancies at West Australian Music

  08-04-2022 09:57 via businessnews.com.au
  
  The state’s peak music body says financial strain caused by the COVID-19 pandemic has forced it to make four staff redundant.
  
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• Devwest settles funding dispute

  08-04-2022 09:50 via businessnews.com.au
  
  The Singaporean funding partner was seeking $1 million from the developers behind South Perth’s One Richardson project.
  
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• ASX rebounds from midweek rate hike fears

  08-04-2022 09:49 via businessnews.com.au
  
  Investors on the ASX bounced back to post gains at the end of a week highlighted by central bank warnings of rate increases.
  
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• Barrack Street strip earmarked for $160m revamp

  08-04-2022 09:45 via businessnews.com.au
  
  Randal Humich's Southern Cross Properties WA has submitted a plan for a 22-storey office tower as part of a major facelift of a retail and hospitality strip on Barrack Street.
  
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• Leigh Creek residents 'keeping spirits up' as hundreds of houses bulldozed

  08-04-2022 09:39 via abc.net.au
  
  The demolition of more than 200 buildings in remote Leigh Creek is underway with its remaining residents describing a sombre mood as the town is deliberately reduced in size.
  
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• Leigh Creek residents 'keeping spirits up' as hundreds of houses are bulldozed

  08-04-2022 09:39 via abc.net.au
  
  The demolition of more than 200 buildings in remote Leigh Creek is underway, with its remaining residents describing a sombre mood as the town is reduced in size.
  
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• Escalante’s jet touches down in Perth

  08-04-2022 09:38 via businessnews.com.au
  
  Virtual Gaming Worlds founder Laurence Escalante has joined an exclusive club inhabited by the likes of Andrew Forrest and Kerry Stokes, as the owner of a private jet.
  
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• At Close of Business: Masks, mandates, and the future of the CBD

  08-04-2022 09:32 via businessnews.com.au
  
  On today's episode of At Close of Business, journalists Jordan Murray and Matt Mckenzie review growing debate about mask mandates and offer their thoughts on the future of Perth's CBD.
  
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• Kalgoorlie eyes new links with the east as it spends millions on airport runway

  08-04-2022 09:09 via abc.net.au
  
  The City of Kalgoorlie-Boulder is in talks with airlines to reinstate an eastern states air link to the regional mining city as it embarks on a $3.7 million upgrade of its airport runway — the first significant works in nearly 30 years.  
  
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• Synergy sues Newgen over $16.9m 'mistake'

  08-04-2022 09:08 via businessnews.com.au
  
  Synergy is dragging the owners of NewGen Kwinana power station to court in a bid to claw back $16.9 million it claims it paid them “by mistake”.
  
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• $14m for energy, innovation projects

  08-04-2022 09:01 via businessnews.com.au
  
  An electric vehicle for underground mines and a geothermal development in the Mid West are among more than a dozen projects to have secured grants worth nearly $14 million.
  
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• Europe recalibrates energy shift

  08-04-2022 08:00 via businessnews.com.au
  
  The war in Ukraine is likely to lift emissions in the short term, but may accelerate the transition away from fossil fuels.
  
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• UK plans to build more nuclear power plants to cut dependence on Russian energy

  08-04-2022 07:42 via abc.net.au
  
  British Prime Minister Boris Johnson has revealed plans to build eight more nuclear power plants as part of a bid to reduce the UK's reliance on Russian oil and gas, but the strategy is being panned by critics.
  
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• Zempilas wants masks off by Anzac Day

  08-04-2022 05:59 via businessnews.com.au
  
  Perth's lord mayor has called for WA's mask mandate to be rolled back by the end of the month, while declining to get behind removing the state's vaccination requirements.
  
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• Basil wants masks off by ANZAC Day

  08-04-2022 05:59 via businessnews.com.au
  
  Basil Zempilas has called for WA's mask mandate to be rolled back by the end of the month while declining to back removing the state's vaccine or capacity rules.
  
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• New Sensation into liquidation

  08-04-2022 05:48 via businessnews.com.au
  
  Liquidators have been appointed to New Sensation Homes with labour shortages and supply pressure blamed.
  
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• Data error amid drop in COVID cases

  08-04-2022 05:14 via businessnews.com.au
  
  More than 1,000 COVID cases from last month were only reported to WA Health yesterday as the state records a drop in daily case numbers overnight.
  
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• Cargo plane breaks in half during emergency landing in Costa Rica

  08-04-2022 04:48 via abc.net.au
  
  A cargo jet slides off a runway and breaks in half during an emergency landing at an international airport in Costa Rica.
  
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• Dique exits Decmil, forecasts loss

  08-04-2022 04:39 via businessnews.com.au
  
  Decmil Group shares fell after flagging likely lower revenues, a loss and the resignation of its chief executive, Dickie Dique.
  
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• Dique exits Decmil, expects lower turnover

  08-04-2022 04:39 via businessnews.com.au
  
  Decmil shares fell into the red after flagging a likely revenue drop in tandem with the resignation of its chief executive Dickie Dique.
  
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• West Australian Music axes close to 50 per cent of core staff, all regional roles gone

  08-04-2022 04:11 via abc.net.au
  
  The peak industry group played a significant role in helping to develop the careers of young musicians in the state.
  
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• Prospective homebuyers urged to heed the RBA's warning of rising rates and falling prices

  08-04-2022 03:51 via abc.net.au
  
  The Reserve Bank is confident most borrowers will be able to cope with rising interest rates, but it also warns recent buyers in particular should brace for falling property prices.
  
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• Prospective hombuyers urged to heed the RBA's warning of rising rates and falling prices

  08-04-2022 03:51 via abc.net.au
  
  The Reserve Bank is confident most borrowers will be able to cope with rising interest rates, but it also warns recent buyers in particular should brace for falling property prices.
  
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• Heavily indebted borrowers should brace for a 15 per cent fall in home prices as interest rates rise, warns RBA

  08-04-2022 03:51 via abc.net.au
  
  The Reserve Bank is confident most borrowers will be able to cope with rising interest rates, but it also warns recent buyers in particular should brace for falling property prices.
  
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• We fact checked Clive Palmer's speech to the National Press Club. Here's what we found

  08-04-2022 03:44 via abc.net.au
  
  United Australia Party chairman Clive Palmer repeated some previously debunked claims at the National Press Club. But there were some new ones which need further context as well.
  
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• Issues that led to Moranbah mine worker's death were known years before fatal accident, lawsuit claims

  08-04-2022 03:43 via abc.net.au
  
  A civil claim in the Supreme Court alleges mining companies were aware of issues with equipment years before a father of two was killed in an underground coal mine.
  
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• Inflation pressure a global challenge: PM

  08-04-2022 03:26 via businessnews.com.au
  
  Scott Morrison says rising inflation levels are not just limited to Australia, amid a predicted rise in interest rates in coming months.
  
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• 'Perfect storm': Staff shortages, 'inexperienced' travellers blamed for Sydney airport chaos

  08-04-2022 03:22 via abc.net.au
  
  Sydney Airport's chief executive apologises to passengers languishing in hour-long lines to pass through security.
  
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• Quigley explains "memory failure" over Palmer case

  08-04-2022 02:50 via businessnews.com.au
  
  Attorney General John Quigley has blamed a "memory failure" and having to operate under "a lot of pressure" for giving incorrect evidence at the defamation trial between billionaire Clive Palmer and Premier Mark McGowan.
  
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• Former hospital chief faces child pornography charges

  08-04-2022 01:54 via businessnews.com.au
  
  The former chief executive of Joondalup Health Campus, Kempton Cowan, has been charged with possessing child abuse material and transmitting child pornography.
  Dr Cowan ran the public-private hospital between 2002 and 2020, as a highly-regarded leader within Ramsay Health Care.
  
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• Frustrated Queensland drivers give up on official road closure updates, turn to social media

  08-04-2022 01:19 via abc.net.au
  
  Regional road users say government sites are leaving them in the dark, with some preferring to get "local knowledge" directly from Facebook groups.
  
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• Tour group left 'stranded' in outback after alleged altercation between operator, bus driver

  08-04-2022 01:03 via abc.net.au
  
  It was bucket list trip for many in the tour group, but turned into "a nightmare" for some after an alleged assault between the bus driver and tour guide. 
  
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• Bali, Singapore next on the cards for Margaret River after direct Melbourne flights launched

  08-04-2022 00:29 via abc.net.au
  
  Now there are direct flights between Melbourne and the Margaret River region, attention is being put on making WA's tourism and wine region an international destination, but the state government is not keen on the idea just yet.
  
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• US stocks gain as fed hike concerns deflate, with ASX to follow

  08-04-2022 00:23 via abc.net.au
  
  Wall Street bounces back from losses induced by rate hike concerns, with the Australian share market set to follow.
  
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• ASX rises as Wall Street economic worries ease, with oil and iron ore down

  08-04-2022 00:23 via abc.net.au
  
  Wall Street bounces back from losses induced by rate hike concerns, with the Australian share market set to follow.
  
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