Analyst news

• How Afterpay's co-CEOs earned more than 2,800 times the average wage

  12-07-2022 23:49 via abc.net.au
  
  Afterpay's co-CEOs and founders Anthony Eisen and Nick Molnar are Australia's highest-paid executives, collecting a combined $264.2 million – together they earn more than 2,800 times the full-time average wage.
  
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• With seven bedrooms and two kitchens, this heritage-listed home has an unexpected history

  12-07-2022 23:34 via abc.net.au
  
  Some of the world's most expensive medical research was carried out within the walls of this heritage-listed property in Townsville.
  
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• Proposal to mandate declaration of election donations on DAs draws fire

  12-07-2022 23:28 via abc.net.au
  
  Political donations may have to be declared on Queensland development application forms under a state government proposal that the planning industry warns could have unintended consequences.
  
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• US dollar hits parity with euro as Europe confronts deep Ukraine war recession

  12-07-2022 23:19 via abc.net.au
  
  Australian shares are expected to start the day flat after world stocks traded mixed while oil prices dipped.
  
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• ASX to open flat, global stocks and oil prices dip, RBNZ to lift cash rate

  12-07-2022 23:19 via abc.net.au
  
  Australian shares are expected to start the day flat after world stocks traded mixed while oil prices dipped.
  
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• ASX rises, RBNZ hikes rates, US dollar hits parity with euro

  12-07-2022 23:19 via abc.net.au
  
  Australian shares have ended the session higher on Wednesday, despite mining and energy stocks being hit by subdued commodity and metal prices following fresh COVID-19 curbs in China.
  
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• What happens to a town when an industry it relies on ends?

  12-07-2022 23:14 via abc.net.au
  
  In WA’s south-west, two towns are moving away from their major industries and while residents of one town see a bright future, the other is in limbo. 
  
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• This town is in the grips of a rocket-powered reinvention. But will it last the long haul?

  12-07-2022 22:44 via abc.net.au
  
  Three rockets fired from the remote Northern Territory have signalled a new hope for a region in need of economic diversity — that the space industry could help launch them into the future.
  
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• Surging interest rates have led to Paul and other tech workers losing their jobs

  12-07-2022 21:53 via abc.net.au
  
  Technology companies are finding it tougher to attract investment as the cost of borrowing money gets more expensive, leading to thousands of job cuts across the global tech sector.
  
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• Widow of food delivery rider vows to fight for workers' rights after legal win

  12-07-2022 21:50 via abc.net.au
  
  The wife of a food delivery rider who died in Sydney says she hopes no other family "suffers the sadness and pain we have experienced" after winning a legal battle against gig company Hungry Panda.
  
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• 'I hope this will never happen again': Widow of delivery rider vows to fight for worker rights after legal win

  12-07-2022 21:50 via abc.net.au
  
  The wife of a food delivery rider who died in Sydney says she hopes no other family "suffers the sadness and pain we have experienced" after winning a legal battle against gig company Hungry Panda.
  
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• Ten more passengers on cruise ship test positive for COVID-10

  12-07-2022 21:09 via abc.net.au
  
  NSW Health is closely monitoring the Coral Princess cruise ship which has docked in Sydney amid a COVID-19 outbreak on board, mostly among crew members.
  
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• Coral Princess outbreak 'inevitable' as COVID cruise ship docks in Sydney

  12-07-2022 21:09 via abc.net.au
  
  NSW Health is closely monitoring the Coral Princess cruise ship has docked in Sydney amid a COVID-19 outbreak on board, mostly among crew members.
  
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• Coral Princess outbreak 'inevitable' and likely the new norm on cruises, infectious diseases expert says

  12-07-2022 21:09 via abc.net.au
  
  NSW Health is closely monitoring the Coral Princess cruise ship which is stopping in Sydney today amid a COVID-19 outbreak on board, mostly among crew members.
  
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• The RBA can look across to New Zealand for a hint on Australia's economic future

  12-07-2022 20:55 via abc.net.au
  
  New Zealand is about six months ahead of Australia in its moves to bring down inflation, so is looking across the ditch a glance into our future?
  
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• Is New Zealand Australia's economic canary in the coal mine?

  12-07-2022 20:55 via abc.net.au
  
  New Zealand is about six months ahead of Australia in its moves to bring down inflation, so is looking across the ditch a glance into our future?
  
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• Hesperia to revamp Elders Wool Stores

  12-07-2022 18:00 via businessnews.com.au
  
  The Adrian Fini, Ben Lisle and Kyle Jeavons-led developer bought the heritage-listed Fremantle site for $6.86m from Midland Brick heiress Marylyn New.
  
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• High petrol prices standing out in UAE, where cheap fuel was once the norm

  12-07-2022 11:44 via abc.net.au
  
  Mere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month.
  
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• With trade and material shortages, it now takes 60 weeks to build a home in regional WA

  12-07-2022 10:42 via abc.net.au
  
  Wait times for new home builds in regional Western Australia blow out to more than a year due to supply chain issues, increased demand and inflated freight costs.
  
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• Want to build a home in regional WA? Be prepared to wait more than a year

  12-07-2022 10:42 via abc.net.au
  
  Wait times for new home builds in regional Western Australia blow out to more than a year due to supply chain issues, increased demand and inflated freight costs.
  
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• Tattarang sells logistics park stake for $300m

  12-07-2022 10:12 via businessnews.com.au
  
  Andrew Forrest’s Tattarang will part with a portion of its stake in the Roe Highway Industrial Park in a deal believed to be worth up to $300 million.
  
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• Shell shuts down world's biggest floating gas facility as industrial dispute worsens

  12-07-2022 10:11 via abc.net.au
  
  The energy giant has temporarily halted production on its trouble-plagued, multi-billion dollar Prelude facility off the WA coast. So what does that mean for gas prices?
  
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• At Close of Business 12 July 2022

  12-07-2022 10:00 via businessnews.com.au
  
  Simone Grogan wraps up the last six months of WA-focused IPOs, highlighting how the market has slowed down and which sectors have dominated amid tough conditions.
  
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• Trott, Mallard and Brown join RFDS WA board

  12-07-2022 09:48 via businessnews.com.au
  
  Simon Trott, Dwayne Mallard and Karen Brown have been appointed to the Royal Flying Doctor Service Western Operations board.
  
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• These tourists had their flight cancelled. Almost a week later, they're still stranded in Darwin

  12-07-2022 09:47 via abc.net.au
  
  Melbourne locals Erin Watkins and Mick Porter are among hundreds of people stranded in the Northern Territory due to a high volume of recent flight cancellations by Qantas and its budget subsidiary Jetstar.
  
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• ASX flat ahead of US inflation data

  12-07-2022 09:41 via businessnews.com.au
  
  The ASX has closed basically unchanged after losses by the mining sector and gains for consumer staples and health care.
  
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• South32 raises $285m from royalties deal

  12-07-2022 09:17 via businessnews.com.au
  
  Perth-based mining company South32 will report a big one-off profit after agreeing to sell a package of four base metals royalties for up to $US200 million ($A285 million).
  
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• Fix funding, workforce issues first

  12-07-2022 09:09 via businessnews.com.au
  
  Amber Crosthwaite’s latest column for Business News takes the form of an open letter to Labor’s new aged care minister Mark Butler and Anika Wells.
  
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• Think buying car fuel is expensive? Imagine if you had to fill up a plane

  12-07-2022 08:47 via abc.net.au
  
  Sharp Airlines has been forced to temporarily cut its Saturday services from mainland Tasmania King and Flinders islands due to rising fuel costs. 
  
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• Minbos backed for $25m

  12-07-2022 08:36 via businessnews.com.au
  
  Minbos Resources is set to raise $25 million in a placement backed by billionaire Liang Feng, with the parties also set to research the potential for phosphate and green ammonia projects.
  
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• 'Greatest peace plan of all': US, Australia say renewable energy cannot be 'weaponised'

  12-07-2022 08:27 via abc.net.au
  
  Australia and the US call for the acceleration of the renewable energy transition as a form of insurance, arguing that no country has ever been "held hostage" over access to the wind or sun.
  
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• Social housing plan beset by lack of modelling on future demand, Queensland Audit Office finds

  12-07-2022 08:23 via abc.net.au
  
  An audit office report finds Queensland Housing Department has no model to predict future demand on the state's social housing register, and that plans to build more than 6,000 new dwellings will be nowhere near enough to meet demand. 
  
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• Queensland social housing plan lacks modelling and won't meet demand, review finds

  12-07-2022 08:23 via abc.net.au
  
  An audit office report finds Queensland Housing Department has no model to predict future demand on the state's social housing register, and that plans to build more than 6,000 new dwellings will be nowhere near enough to meet demand. 
  
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• Prelude shut down amid Shell, union spat

  12-07-2022 07:55 via businessnews.com.au
  
  Shell has been forced to halt production on its Prelude FLNG facility amid escalating industrial action, with the energy giant set to enter peace talks with union officials as early as tomorrow.
  
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• Transdev seals $1.3bn bus contracts

  12-07-2022 07:38 via businessnews.com.au
  
  The state government has awarded $1.3 billion contracts to public transport operator Transdev to continue operating Transperth buses.
  
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• Ebury poaches WA team

  12-07-2022 06:44 via businessnews.com.au
  
  Global foreign exchange and trade finance company Ebury has expanded into Western Australia after recruiting a team from competitor AFEX.
  
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• WA's new $1.25 billion highway build to continue, after clearing environmental hurdles

  12-07-2022 06:39 via abc.net.au
  
  The contentious Bunbury Outer Ring Road — at a cost of $46 million per kilometre — gets the green tick of approval.
  
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• Videos from inside the President's palace show how Sri Lanka's mass protests unfolded

  12-07-2022 06:28 via abc.net.au
  
  Sri Lanka's economic crisis reached boiling point when citizens stormed the President's palace. Videos from inside show how it unfolded.
  
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• Protesters recorded themselves storming the President's palace. This is what it looked like

  12-07-2022 06:28 via abc.net.au
  
  Sri Lanka's economic crisis reached boiling point when citizens stormed the President's palace. Videos from inside show how it unfolded.
  
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• Inside Sri Lanka's mass protests that led to the President and Prime Minister's resignations

  12-07-2022 06:28 via abc.net.au
  
  Sri Lanka's President and Prime Minister both resigned after the country's economic crisis reached boiling point and protesters stormed the leaders' private residences. Here's how it happened.
  
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• Weather, staff shortages to blame for continued domestic flight delays and cancellations

  12-07-2022 06:07 via abc.net.au
  
  Flights delays due to weather and staff shortages have created chaos for families during the school holidays, with the Transport Workers' Union (TWU) renewing calls for an independent tribunal to look at structural issues within the sector.
  
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• Burst bubbles mark end of an era

  12-07-2022 05:45 via businessnews.com.au
  
  Investors are taking a hit on most asset classes, with energy among the few likely to weather the storm of a tough coming financial year.
  
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• WA power provider backs plan to turn farm waste into renewable diesel

  12-07-2022 05:32 via abc.net.au
  
  The joint venture between a climate change consultancy group and an oil and gas explorer could see farmers selling their waste to the plant, potentially creating jobs and lowering carbon emissions.
  
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• Households brace for the toughest times since the start of the pandemic, confidence plunges

  12-07-2022 05:29 via abc.net.au
  
  Australians are still spending record amounts of money, but surveys show that could change quickly as interest rate rises send consumer confidence towards pandemic lows.
  
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• Cowden latest in Firefinch exits

  12-07-2022 05:12 via businessnews.com.au
  
  Firefinch chair Alistair Cowden has resigned from ASX-listed gold miner Firefinch, marking the fourth board-level exit from the company in just over two weeks.
  
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• Eco-friendly pub idea brewing in Perth

  12-07-2022 05:09 via businessnews.com.au
  
  Melbourne’s oldest independent brewery 3 Ravens has set its eyes on expanding the eco-conscious business to Perth as part of a crowdfunded expansion.
  
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• 3 Ravens to start brewing in Perth

  12-07-2022 05:09 via businessnews.com.au
  
  Melbourne’s oldest independent brewery 3 Ravens has set its eyes on expanding the eco-conscious business model to Perth as part of a crowdfunded expansion.
  
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• 10,000 lung cancers forecast from silica: Researchers

  12-07-2022 04:20 via businessnews.com.au
  
  Researchers have warned 10,000 Australian workers could develop lung cancer from silica dust, mostly males, from industries including mining and construction.
  
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• Adelaide restaurant manager jailed for nine years for raping prospective employee

  12-07-2022 03:54 via abc.net.au
  
  An Adelaide restaurant manager is jailed for nine years for raping a prospective employee he was training as well as sexually abusing an underage worker.
  
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• Why Elon Musk could still be forced to pay billions for a company he doesn't even want

  12-07-2022 03:15 via abc.net.au
  
  The Tesla chief wants to terminate his $60 billion deal to buy Twitter, but a court could still order him to pay billions of dollars. 
  
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