In pictures: Leaders gather ahead of Mining Summit in Perth
The dinner was hosted by Nine Perth managing director Clive Bingwa, Nine chief executive officer Matt Stanton and AFR editor-in-chief James Chessell.
Among the topics discussed with guests including WA Premier Roger Cook, Treasurer Rita Saffioti, Mines Minister David Michael and federal Resources Minister Madeleine King was the future of the mining industry in the state, ahead of the AFR's Mining Summit being held at the Ritz Carlton Perth on Thursday.
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West Australian
3 days ago
- West Australian
Australian news and politics live: PM denies he's been snubbed but still vague about Trump meet
Scroll down for the latest news and updates. Continuing his rounds on brekkie TV, the Prime Minister appeared on ABC to spruik a raft of measures that should ease the financial burden on millions of Aussies. Among them was a 3.5 per cent pay increase for three million people. 'They are people on the minimum wage or on award wages, some of the lowest paid people. That will make a difference. We know people are doing it tough,' Mr Albanese said. 'In addition to that, for people who are thinking about starting a family, the additional two weeks paid parental leave, lifting it up to 24 weeks, 26 weeks will be in the full six months next year will make a difference. 'In addition to that, we are paying superannuation for the first time on paid parental leave.' For all the July 1 cost-of-livign measures read Nicola Smith's story. Anthony Albanese has shot down a report suggesting military chiefs failed for more than two years to provide formal updates to Defence Minister Richard Marles calling it 'absurd'. The Australian Financial Review report revealed a scathing Auditor-General's audit had raised questions over the relationship between Mr Marles and his department. 'That's just ridiculous. Frankly, haven't seen that report, but we sit in the National Security Committee with the chief of the Defence Force. We meet regularly,' he said on Today. 'I certainly have met with heads of all of the armed forces regularly. And, you know, that is just completely incorrect. 'We came to office, we initiated a defence strategic review that outlined what elements we need in the lead up to budget. 'The idea this $57 billion that we've added to our defence investment of our capability has come directly after discussions and engagement, obviously, with defence. 'And in the last budget in March, indeed, we brought forward $1 billion of additional spending, bringing to over $10 billion our additional commitments over the forward estimates as well.' Anthony Albanese has denied a suggestion Donald Trump has snubbed him, the leader of the US' close ally. 'No, not at all. And we've had really constructive discussions,' he said during an appearance on Today. 'They've been respectful. I've been respectful of the president. And I must say that he's been respectful of me as well when he rang to congratulate me on the election. 'And that's a positive thing. 'And I've also had, of course, constructive discussions with members of the US administration, as have my ministers. 'But, you know, the president has a view about tariffs. It's different from Australia's view. And it must be said that it's different from past presidents view as well. 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Asked about US tariffs, the Prime Minister indicated Australia was relatively lucky but again called it an act of economic self harm on the US' part. 'The truth is that we have, as a tariff, which is of course, a cost on US purchases of Australian goods and services of 10%. 'There's no country in the world that has a lower tariff than Australia. 'Indeed, if you look at our beef exports were up 91 per cent by value when it comes to April this year compared with April last year, when there weren't tariffs. 'So the goods are still being exported. It's just that those purchasing those goods are paying more for them. 'And that is why tariffs are an act of economic self-harm. That's why we haven't reciprocated by imposing tariffs on US imports into Australia, consistent with our free trade agreement. The Prime Minister said he'll meet US President Donald Trump 'in coming months' but admitted the date was 'open ended'. Q. 'In terms of meeting Donald Trump. Do you have a date? It sounds a bit open ended 'in coming months'.' A. 'We'll have a meeting. We've had a few constructive discussions. I'm sure when we meet it will be constructive as well. As you know, the president left the G7 because there was going on with Iran and Israel and the president's intervention is something that we supported and something that has led to a ceasefire, which is good news.' Tax incentives and artificial intelligence lessons in schools could help ensure Australia doesn't miss out on the benefits of the AI wave, according to the firm behind industry giant ChatGPT. For OpenAI chief economist Ronnie Chatterji, a visit to Australia to meet with business leaders, investors and policy makers comes at an opportune moment. The federal government has embraced AI as a key plank in its mission to fix the nation's stagnant productivity growth and improve living standards ahead of an economic reform roundtable in August. 'It's a good time where there's a big conversation in economic policy circles right now about how to increase productivity,' Dr Chatterji told AAP. AI can make the economy more productive and society more prosperous by freeing workers from mundane administrative tasks, OpenAI said in an economic blueprint for Australia released on Tuesday. 'A nurse unburdened by paperwork can spend more time with patients,' its report said. 'A business owner with more bandwidth can pursue bold ideas.' Tax incentives should be offered for businesses to increase adoption and training programs should be rolled out to increase the capability of the workforce. In education, AI literacy and ethics lessons should be introduced to schools to give students the skills to harness the technology when they enter the workforce. Premier Jacinta Allan is set to rake in a hefty half a million dollar salary, securing her position as Australia's second-highest paid politician. After a pay bump, the Victorian leader will pocket $512,972, trailing only Prime Minister Anthony Albanese's $620,000 pay cheque. The $14,941 pay rise comes after a decision by the Victorian Independent Remuneration Tribunal to increase MP salaries and allowances by three per cent on Monday. The premier's package includes an expense allowance of $64,475. Deputy Premier Ben Carroll will soon be paid $236,662, while Opposition Leader Brad Battin will collect $409,107. Backbench MPs will have a base salary of $211.972.
The Age
4 days ago
- The Age
Nine goes all in on sports with EPL coup to bulk up Stan
Nine Entertainment has taken a big swing (or massive header) in buying the broadcast rights to English Premier League and FA Cup soccer to bolster its fledgling Stan Sport streaming service. These rights, being acquired from Optus, will cost an estimated $60 million a year – the equivalent of around half what Nine pays for the right to major rugby league games. But while many of us were introduced to the sport via the excitement around the Matildas and the Socceroos international games, these are not part of the package. Paramount and Ten have these matches tied up. Nine is punting on soccer fans being willing to pay for a Stan subscription and an additional Stan Sport subscription to watch these games. It knows that around half of the roughly 700,000 of the people that watch Optus Sport are not Stan subscribers, so in theory these soccer fans could migrate to Stan. But some of the Optus subscribers were given concessional rates if they used the Optus phone network so Stan pricing may prove too rich for some soccer fans. Even after accounting for the fact that not all these subscribers are bankable, Nine told investors that the deal would improve Stan's profit and cashflow. Loading Fresh from the sale of its 60 per cent stake in real estate portal Domain which netted Nine proceeds of $1.4 billion, Nine's new boss, Matt Stanton, has the cash to invest. And it is probably no accident that Stanton has chosen Stan Sport as the recipient of the first lick of cash. Having sold its stake in digital business Domain, Nine needs an asset in which there is potential for growth given free to air television is in long-term decline. Sure, Domain was not firing in all earnings cylinders, but it was operating in a duopoly in a country that is real estate obsessed. In 2024, Domain grew its profit by 32 per cent.
Sydney Morning Herald
4 days ago
- Sydney Morning Herald
Nine goes all in on sports with EPL coup to bulk up Stan
Nine Entertainment has taken a big swing (or massive header) in buying the broadcast rights to English Premier League and FA Cup soccer to bolster its fledgling Stan Sport streaming service. These rights, being acquired from Optus, will cost an estimated $60 million a year – the equivalent of around half what Nine pays for the right to major rugby league games. But while many of us were introduced to the sport via the excitement around the Matildas and the Socceroos international games, these are not part of the package. Paramount and Ten have these matches tied up. Nine is punting on soccer fans being willing to pay for a Stan subscription and an additional Stan Sport subscription to watch these games. It knows that around half of the roughly 700,000 of the people that watch Optus Sport are not Stan subscribers, so in theory these soccer fans could migrate to Stan. But some of the Optus subscribers were given concessional rates if they used the Optus phone network so Stan pricing may prove too rich for some soccer fans. Even after accounting for the fact that not all these subscribers are bankable, Nine told investors that the deal would improve Stan's profit and cashflow. Loading Fresh from the sale of its 60 per cent stake in real estate portal Domain which netted Nine proceeds of $1.4 billion, Nine's new boss, Matt Stanton, has the cash to invest. And it is probably no accident that Stanton has chosen Stan Sport as the recipient of the first lick of cash. Having sold its stake in digital business Domain, Nine needs an asset in which there is potential for growth given free to air television is in long-term decline. Sure, Domain was not firing in all earnings cylinders, but it was operating in a duopoly in a country that is real estate obsessed. In 2024, Domain grew its profit by 32 per cent.
