Aussie coal phased out by China: report
CANBERRA, AAP – Australia will suffer the biggest losses as China weans itself off imported coal, research shows. Modelling by researchers at the Australian National University has found China’s demand for coal imports will drop significantly by 2025 even if the unofficial ban on Australian coal ends. “The recent turmoil in global energy markets will…
Wall St slips after bleak Netflix report
NEW YORK CITY, RAW – The tech-heavy Nasdaq has closed down, weighed by streaming giant Netflix’s surprise drop in subscribers which shook investor confidence in other high-growth companies, fearful they may face similar post-pandemic performance issues. By contrast, the blue-chip Dow was driven to a higher close by positive earnings from consumer giant Procter &…
China plane black boxes ‘severely damaged’
BEIJING, RAW – Chinese authorities say the black boxes of a Boeing 737-800 jet that crashed last month were badly damaged, leaving virtually no publicly available clues to explain its violent plunge into a wooded hillside, killing all 132 people on board. China Eastern flight MU5735 from Kunming to Guangzhou plunged from cruising altitude into…
Password-sharing out, ads in for Netflix
SAN FRANCISCO, AP – An unexpectedly sharp drop in subscribers has Netflix considering changes it has long resisted, including minimising password sharing and creating a low-cost subscription supported by advertising. The looming changes, announced late on Tuesday in the US, are designed to help Netflix regain momentum it has lost over the past year. Pandemic-driven…
ASX gives up gains after healthy start
SYDNEY, AAP – The Australian share market has closed with modest gains, underpinned by a strong healthcare sector marked by a private equity bid for Australia’s biggest private hospital operator. The benchmark S&P/ASX200 ended four points higher, or 0.05 per cent, to close at 7569.2 on Wednesday. The index threatened to touch its record high…
Australian shares rise in energetic mood
SYDNEY, AAP – The Australian share market is in positive territory midway through the session, with almost all sectors contributing to the rise after mixed trading on Wall Street overnight. The benchmark S&P/ASX200 index rose 15.6 points, or 0.21 per cent, to 7584.8 on Thursday, backed by strength in energy, industrials and utilities. The positive…
Most Australians worry over climate change
SYDNEY, AAP – Weeks after floods devastated massive swathes of NSW and QLD, climate change remains a major concern for Australians as they head into the polls. A new Ipsos survey has found that 83 per cent of Australians are worried about the debilitating effects of climate change and global warming. With more frequent and…
Sign of strong economy as confidence lifts
CANBERRA, AAP – New data points to a strengthening in the Australian economy in the coming months, aided by the significant easing of COVID-19 pandemic restrictions. The Westpac-Melbourne Institute leading index, which indicates the likely pace of economic activity three to nine months into the future, rose to its highest level since May 2021 in…
Labor rejects anti-coal pledge: Albanese
CANBERRA, AAP – An anti-coal pledge will not be signed by a Labor government but Australia could still host key climate change conferences, the opposition leader says. Anthony Albanese confirmed Labor would not sign a pledge to phase out coal use if elected, despite 40 countries agreeing to it at the United Nations climate summit…
Extra 10k travel vouchers for Vic seniors
MELBOURNE, AAP – Victorian seniors will share in an extra 10,000 travel vouchers, in another boost for the state’s COVID-hit tourism sector. The Victorian government on Monday announced eligible seniors who missed out on one of the initial 10,000 vouchers will get a second chance at a discounted holiday. Under the scheme, voucher holders can…
