Author: roymorgansocial

News Corp spurns Google news deal

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Original article by Natasha Gillezeau, Max Mason
The Australian Financial Review – Page: 2 : 27-Jun-20

Google has struck deals with a number of Australian news publishers to pay for content, while it is talks with a number of others, including Australian Community Media. Google Australia MD Mel Silva says it will have to "wait and see" whether its new product offering will be impacted by the code of conduct that the Australian Competition & Consumer Commission is putting together to govern how technology companies deal with news publishers. News Corp Australasia executive chairman Michael Miller has accused Google of not being genuine, and of trying to take advantage of certain publishers when they are at their most vulnerable.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMMUNITY MEDIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Australian Defence Force on coronavirus war footing

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Original article by Rebecca Urban
The Australian – Page: 1 & 5 : 29-Jun-20

Victoria reported a total of 90 new coronavirus cases on the weekend of 27-28 June, and there are now 231 active cases in the state. Premier Daniel Andrews has flagged the possibility of imposing a ‘stay-at-home’ order on residents in suburbs that have been identified as coronavirus hotspots. Australian Defence Force personnel assisted in carrying out more than 40,000 coronavirus tests in these suburbs on the weekend. Meanwhile, the state government has advised that people who have returned from overseas will now face a 10-day extension of their two-week quarantine period if they refuse to be tested for the virus.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIAN DEFENCE FORCE

Hard landing for Qantas workers

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Original article by Robyn Ironside, Damon Kitney
The Australian – Page: 13 & 16 : 26-Jun-20

Qantas CEO Alan Joyce will remain at the helm for another three years to oversee the national carrier’s coronavirus recovery plan. This will include reducing costs by $15bn over three years and shedding 6,000 employees across its operations. The job cuts will include more than 1,000 cabin crew, some 1,500 ground crew and 630 engineers. The redundancies will cost about $600m in total, while the 15,000 employees who were stood down earlier in 2020 will not return to work in the near-term. ACTU president Michele O’Neil has criticised the job cuts, accusing Qantas of abandoning its workers at "their time of greatest need". Meanwhile, Qantas will increase its liquidity via a $1.9bn capital raising.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, ACTU

L-NP (50.5%) holds narrow lead over ALP (49.5%) a week before the Eden-Monaro by-election

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Original article by Michele Levine
Market Research Update – Page: Online : 26-Jun-20

Roy Morgan CEO Michele Levine says "The L-NP Government (50.5%) has a narrow two-party preferred lead over the ALP (49.5%) ahead of next week’s Eden-Monaro by-election. Playing on the minds of local electors will be the response of PM Scott Morrison and the L-NP to the twin crises of 2020 – devastating bushfires in the summer and the ongoing COVID-19 pandemic. Both have had a huge impact on Eden-Monaro with the destruction of forests and property and also halting tourism to the region for months. Morrison was widely criticised for his handling of the bushfires but has redeemed himself and the Government in response to the pandemic shown by the surge in the Roy Morgan Government Confidence Rating which has recovered from a record low of 80 during the bushfires and is now at a very high 124 in mid-June."

CORPORATES
ROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Media regulator sets goals for fake news code

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Original article by Max Mason
The Australian Financial Review – Page: Online : 26-Jun-20

The Australian Communications & Media Authority will work with digital platforms to establish a voluntary code of practice on misinformation and news quality. Such a code was a recommendation of the Australian Competition & Consumer Commission. ACMA chair Nerida O’Loughlin says false or misleading news and information on the internet has the potential to cause great harm, while she says the code will need to strike a balance between the right to freedom of speech and the need to curb the spread and impact of damaging information online.

CORPORATES
AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Iron ore exports to China at risk

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Original article by Michael Smith
The Australian Financial Review – Page: 14 : 26-Jun-20

Chinese research firm MySteel states that China’s demand for steel fell by between five and six per cent in the first half of 2020, but should improve in coming months with more infrastructure projects being initiated. MySteel’s chief information officer Xu Xiangchun says Chinese steel mills might look to alternative sources for iron ore if there is a perception among the Chinese public that Australia is ‘difficult’, while China Metallurgical Industry Planning and Research Institute president Li Xinchuang says it is important that China diversifies its iron ore supplies.

CORPORATES
MYSTEEL.COM LIMITED, CHINA METALLURGICAL INDUSTRY PLANNING AND RESEARCH INSTITUTE

Shop workers union open to simpler IR rules

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Original article by Natasha Gillezeau, David Marin-Guzman
The Australian Financial Review – Page: 10 : 26-Jun-20

The Shop, Distributive & Allied Employees’ Association’s national secretary Gerard Dwyer says it is open to the idea of making enterprise bargaining more straightforward. He says that if an agreement has satisfied the ‘better off overall test’ and the majority of employees are in favour of it, then it should not take 12 months to get the agreement ratified. Dwyer has also attacked the rival Retail & Fast Food Workers Union, which has challenged some SDA agreements in the Fair Work Commission, saying it is a political organisation rather than an industrial one.

CORPORATES
SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED, AUSTRALIA. FAIR WORK COMMISSION

Fall in job vacancies largest on record

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Original article by Patrick Commins
The Australian – Page: Online : 26-Jun-20

The Australian Bureau Statistics has revealed that job vacancies ads fell by 43 per cent between February and May, making it the biggest fall on record. Ads for private sector jobs were down 45 per cent, while public sector jobs declined by 29 per cent. Job ads in the arts and recreation industry slumped by 95 per cent, ads in the rental, hiring and real estate sector were down 68 per cent, while the accommodation and food services recorded a 66 per cent decline in job ads. However, job ads on the Seek website as of the week to 21 June were at around 70 per cent of pre-COVID levels, suggesting some signs of recovery since April, which was viewed as the worst month for vacancies.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, SEEK LIMITED – ASX SEK

Qantas job shock sparks airline help

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Original article by Phillip Coorey, Lucas Baird
The Australian Financial Review – Page: 1 & 8 : 26-Jun-20

The federal government is set to provide a coronavirus assistance package for the nation’s airlines in the wake of plans by Qantas to retrench 6,000 employees. Prime Minister Scott Morrison says it is clear that the sector will continue to require government assistance when the JobKeeper wage subsidy scheme ends in late September. He has flagged the possibility of extending JobKeeper or providing an industry-specific support package. Morrison has previously rejected a request from Virgin Australia to extend the JobKeeper scheme.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH

Google finally agrees to pay for news content – but not with everyone

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Original article by David Swan
The Australian – Page: 15 : 26-Jun-20

Digital giant Google has reached agreement with several media companies in Australia regarding a deal to licence their news content. The deal covers smaller news publishers such as Solstice Media, Schwartz Media and The Conversation. Google is also said to be in talks with larger news publishers such as News Corp Australia, Nine Entertainment Company and Australian Community Media. News Corp Australasia executive chairman Michael Miller says the deal shows that Google is willing to negotiate directly with small publishers. Google will also pay for news content from several media companies in Germany and Brazil.

CORPORATES
GOOGLE INCORPORATED