NSW trains back on a limited service
SYDNEY, AAP – Limited train services will run across Greater Sydney on Tuesday after the network was shut down on Monday amid an industrial dispute between the state government and a transport union. The snap train network shutdown, ordered by state government transport authorities, caught rail commuters unawares, with many left stranded across Sydney, Newcastle,…
Govt tags $800m for Antarctic research
CANBERRA, AAP – The federal government will put aside $800 million for strategic and scientific research and exploration in Antarctica. Environment Minister Susan Ley said new drones and helicopters will allow researchers to go inland into areas they haven’t been before and set up mobile base stations. But she said the investment also strengthened the…
Wall St futures, euro rally on summit hope
LONDON, RAW – US stock index futures rallied, the euro rose and global stocks steadied on Monday as a glimmer of hope emerged for a diplomatic solution to the Russia-Ukraine standoff. US President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis. The Kremlin said…
ASX inches up after US-Russia meet agreed
SYDNEY, AAP – Australia’s share market closed higher as investors welcomed news the US and Russia will meet to try and resolve the Ukraine standoff that has kept oil prices soaring. The gains were incremental on Monday while AGL shares surged after tech billionaire Mike Cannon-Brookes made an unsuccessful takeover bid. Abroad, global investors remain…
Super Retail H1 profit down, costs rise
SYDNEY, AAP – Super Retail Group has had first-half profit dive 35 per cent and warns higher freight and transport costs will continue to affect margins. The company behind BCF, Macpac, Rebel and Supercheap Auto said COVID-19 lockdowns and higher costs contributed to a lower net profit after tax of $110.8 million for the six…
ASX lags after Russians enter Ukraine
SYDNEY, AAP – There was plenty of concern among share market investors after Russian troops entered Ukraine and the ASX languished. The market was down 0.81 per cent on Tuesday following Russian troops moving to two breakaway regions in eastern Ukraine after recognising them as independent. European and US leaders have for weeks been warning…
Telstra, TPG team up on regional coverage
SYDNEY, AAP – Telstra and TPG will share their regional networks with each other in what they claim will provide better service to people outside the major cities. The two carriers on Monday revealed a 10-year regional multi-operator core network deal which will improve coverage without the need for costly network rollouts. Telstra will gain…
Asia shares skid as Ukraine tensions rise
SYDNEY, RAW – Asian share markets slid and oil surged amid warnings Russia was set to invade Ukraine, risking sanctions that could trigger a further spike in energy costs and stoke global inflation. Russia upped the ante in the high-stakes diplomatic game by extending military drills in Belarus, while satellite imagery from Maxar showed multiple…
PM invests $678m to part seal Outback Way
CANBERRA, AAP – The federal government is providing an additional $678 million to seal another 1000 kilometres of the Outback Way, a series of roads and dirt tracks that pass though Queensland, the Northern Territory and Western Australia. Prime Minister Scott Morrison said the government is committed to sealing the entire 2720 kilometres of the…
Retail sales grow despite Omicron impact
CANBERRA, AAP – Retail sales held up better than feared during January, faced with the highly infectious COVID-19 Omicron variant, and may now get a further fillip with the reopening of international borders. Australian Retailers Association CEO Paul Zahra concedes January was an up-and-down month for retailers, beginning the year with a surge in Omicron…
