Author: roymorgansocial

One in three jobs at serious risk in AI revolution

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 10-Dec-24

The Social Policy Group has forecast that artificial intelligence will result in ‘tectonic’ structural changes to the Australian economy and the nation’s workforce. The SPG’s report warns that these changes will be greater than any previous technical revolution. The report’s modelling suggests that in a worst-case scenario, up to 33 per cent of jobs in Australia could be impacted by AI by 2030 if there is no policy or regulatory intervention by govern­ment. The SPG has also expressed concern that Australia will fall behind other OECD economies due to the nation’s reliance on exporting raw materials and its dearth of high-value industries.

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SOCIAL POLICY GROUP

Pay deal averts airport strike

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Original article by Robyn Ironside
The Australian – Page: 15 : 10-Dec-24

Over 1,000 ramp, cargo and baggage operations workers employed by Emirates-owned dnata had been threatening to strike for 24 hours on Wednesday in search of better rostering, job security and pay, with the proposed strike threatened to disrupt international flights. However, the strike has been averted after talks between dnata and the Transport Workers Union on Monday, with dnata agreeing to a number of demands, including a 11 per cent pay rise over two years and seven days’ notice of roster changes.

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DNATA CARGO AGENCIES, EMIRATES AIRLINES, TRANSPORT WORKERS’ UNION

Roy Morgan Poll: Coalition increases lead: L-NP 52% cf. ALP 48%

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Dec-24

A Coalition Government, with a slim two-party preferred majority: L-NP 52% cf. ALP 48% would now win a Federal Election, the latest Roy Morgan survey finds. The rise in Coalition support came after Israeli Prime Minister Benjamin Netanyahu criticised the Albanese Government’s approach to Israel and accused the Government of taking an ‘extreme anti-Israeli position’. Netanyahu blamed the arson attack on a Melbourne synagogue – now classified as a terrorist act – on the Government’s failure to call out antisemitism more consistently and firmly. In addition, a major strike by Woolworths workers led to shortages of key goods at many stores of Australia’s largest supermarket as Australians battle a cost of living crisis.

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ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Travel warning for Jewish visitors to Australia after synagogue attack

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Original article by Chip Le Grand, Paul Sakkal, James Massola
The Age – Page: Online : 10-Dec-24

The Simon Wiesenthal Centre is set to advise Jewish people worldwide to reconsider non-essential travel to Australia in the wake of the arson attack on the Adass Israel synagogue in Melbourne. The US-based Jewish human rights organisation’s associate dean Rabbi Abraham Cooper says it issues travel advisories infrequently and only when fears for Jews’ safety reach crisis levels; it has not previously issued a travel warning against Australia. Meanwhile, a taskforce has been established to investigate the firebombing; sources have indicated that three suspects have been identified, and the attack is being treated as politically rather than religiously motivated.

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SIMON WIESENTHAL CENTRE

Police, ASIO taskforce to protect Jews

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Original article by Andrew Tillett, Gus McCubbing
The Australian Financial Review – Page: 1 & 4 : 10-Dec-24

The federal government has announced that the Australian Federal Police and ASIO will establish a special taskforce to investigate anti-Semitism in Australia. The decision to set up ‘Operation Avalite’ follows official confirmation that the firebombing of the Adass Israel synagogue in Melbourne has been designated a terrorist attack. Victoria Police’s Chief Commissioner Shane Patton has defended the decision to belatedly make this declaration, but federal Opposition leader Peter Dutton says it was "obvious from the start" that it was a terrorist attack. Meanwhile, Prime Minister Anthony Albanese has been criticised for playing tennis at an exclusive Perth tennis club on Saturday rather than cut short his visit to Western Australia in response to the synagogue attack.

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AUSTRALIAN FEDERAL POLICE, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION, VICTORIA POLICE

Outsider to lead ANZ into new era

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Original article by Lucas Baird, James Eyers
The Australian Financial Review – Page: 1 & 17 : 10-Dec-24

The ANZ Bank has advised that Nuno Matos will succeed CEO Shayne Elliott in mid-2025. Matos was previously the head of wealth management and personal banking at HSBC; he had also been considered for the role of CEO at Westpac, although the major bank opted to replace Peter King with internal candidate Anthony Miller. High Dive from Atlas Funds Managements says an external appointment will be able to help resolve cultural issues at ANZ. These include a bond trading scandal in its markets division, which effectively ruled out the head of institutional banking Mark Whelan as Elliott’s replacement.

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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, HSBC BANK PLC, ATLAS FUNDS MANAGEMENT PTY LTD

Rio Tinto says carbon pricing justifies emissions cuts

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 10-Dec-24

Rio Tinto’s decarbonisation general manager Stefan Kwiatkowski estimates that almost half of the mining corporation’s greenhouse gas emissions are covered by "legislative carbon penalty schemes", which include Australia’s safeguard mechanism policy. It estimates that its annual carbon compliance costs as a result of these schemes would be $US300 million per year by 2030 if it did not act to reduce emissions, rising to $US600 million per year by 2040. Rio has committed to halving its emissions by spending up to $US6 billion in the nine years to 2030, while it anticipates many of its decarbonisation projects will generate returns of between 12 per cent and 15 per cent.

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RIO TINTO LIMITED – ASX RIO

$140m Woolies wipe-out boosts Coles

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Original article by Eli Greenblat
The Australian – Page: 15 : 10-Dec-24

Woolworths has yet to determine the full cost of the industrial action at four of its distribution centres. The strike action was initially estimated to have cost it about $50m in lost sales, but this is expected to rise to around $140m. The resolution of the industrial dispute will result in a pay rise of 11 per cent over three years for the warehouse staff; the United Workers Union had initially sought an increase of 25 per cent. Meanwhile, rival Coles has enjoyed a sales boost due to the strike action, although it has had to put on extra staff at its supermarkets and warehouses to meet the increased demand.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, UNITED WORKERS UNION, COLES GROUP LIMITED – ASX COL

Bunnings, Kmart and Samsung are Most Trusted Brands in Retail and Consumer Products for 2024

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Dec-24

Roy Morgan has presented the annual Roy Morgan Trusted Brand Awards for Retail and Consumer Products. There were over 90 brands in the running for the awards, across the five categories of Supermarkets, Retail, Department and Discount Department Stores, Consumer Products, and Technology brands. Aldi has claimed the title of the ‘Most Trusted Supermarket Brand’ for 2024. The broader Retail category was again topped by home hardware brand Bunnings, with a third consecutive victory as the ‘Most Trusted Retail Brand’ in Australia. The ‘Most Trusted Brand in Department & Discount Department Stores’ has been won by Kmart for a third year in a row. The winner of the ‘Most Trusted Consumer Products Brand’ is South Korea-based Samsung, which has recorded its third straight victory in the category, while Apple is the ‘Most Trusted Technology Brand’ for a third consecutive year.

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ROY MORGAN LIMITED, ALDI STORES SUPERMARKETS PTY LTD, BUNNINGS GROUP LIMITED, KMART AUSTRALIA LIMITED, SAMSUNG CORPORATION, APPLE PTY LTD

Financial stress rising as high costs continue

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Original article by Matt Bell
The Australian – Page: 16 : 9-Dec-24

Research from credit rating agency Equifax suggests that 39 per cent of Australians are experiencing financial stress. The Equifax survey has also found that about 50 per cent of Australians have reduced their discretionary spending in the last year, compared with 37 per cent in 2022. Some 50 per cent of respondents also said their biggest financial priority for 2025 is paying down debt or ceasing to live from one pay cycle to the next. Separate data from the Australian Financial Security Authority shows that the number of personal insolvencies increased by 6.4 per cent year-on-year in the September quarter.

CORPORATES
EQUIFAX INCORPORATED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN FINANCIAL SECURITY AUTHORITY