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Flight Centre shares for workers who stay

SYDNEY, AAP – Flight Centre is trying to retain staff amid the pandemic by offering shares if workers stay until the end of next year. The global travel agency said a worker will receive the right to 250 shares if they remain to December 31, 2022. Company leaders expect about 7,500 workers will take up…

Australia rejects China’s trade complaint

CANBERRA, AAP – Australia is holding firm against China’s “petty” decision to lodge a complaint with the global trade umpire about anti-dumping measures on steel imports. Tariffs on imported railway wheels, stainless steel sinks and wind towers are the subject of World Trade Organisation action Beijing launched on Thursday night. Finance Minister Simon Birmingham is…

Vic quarantine facility gets green light

MELBOURNE, AAP – A purpose-built quarantine facility will be constructed in Melbourne’s north and will begin taking returned overseas travellers by the end of the year. Prime Minister Scott Morrison on Friday confirmed the 1000-bed facility will be constructed on the Commonwealth-owned land in Mickleham in Melbourne’s north, next to an existing quarantine facility for…

Wall Street gains on US jobs data

NEW YORK CITY, RAW – The Nasdaq and the S&P 500 indexes have closed at record highs, with the Dow also jumping almost 1.0 per cent after US President Joe Biden embraced a bipartisan Senate infrastructure deal. As massive fiscal stimulus helped the US economy grow at a 6.4 per cent annualised rate in the…

Afterpay rises, Woolies crashes on ASX

SYDNEY, AAP – Afterpay and Woolworths had greatly contrasting fortunes on a day when technology and consumer staples stocks prevailed, but the ASX slipped. Afterpay climbed 6.18 per cent to $130.50 after making its lay-by-style service available to US customers of Amazon, Dell and other major retailers. Technology shares fared best and gained 2.07 per…

Asian shares treading water

SYDNEY, RAW – Asian shares marked time on Thursday, with China nudging lower, while the US dollar held below an 11-week high as investors reassessed US Federal Reserve statements on inflation and looked to upcoming data for direction. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent to 695.2 points, off a…

Joyce back in parliament after virus scare

CANBERRA, AAP – Barnaby Joyce has returned to federal parliament after concerns he may have been a close contact of a person with coronavirus. Leader of the House Peter Dutton on Thursday advised MPs the deputy prime minister was not attending Question Time while he sought medical advice. But just minutes later Mr Joyce entered…

Albanese warns on fumbling China diplomacy

CANBERRA, AAP – Anthony Albanese says a more aggressive China requires the Australian government to take a more subtle approach than talking up conflict. Recently installed Defence Minister Peter Dutton and home affairs chief Mike Pezzullo have talked about the “drums of war”, amid growing tensions with Beijing. “We need to recognise that China has…

CommSec Daily Report Thursday

Latest News The Aussie market is lower for a second successive session as investors continue to gauge the spread of the COVID cluster in Sydney. The ASX 200 is down 11 points or 0.16% to 7,287 around midday. US markets mostly moved sideways overnight in a relatively quiet session. Losses continue to be widespread with…

Benefits of $1.3b Vic solar scheme unknown

MELBOURNE, AAP – The Victorian government doesn’t know if its $1.3 billion solar panel rebate scheme has helped lower household bills or reduce climate emissions, a review has found. The Solar Homes Program was promised by the Andrews government before the 2018 state election as part of its plan to install panels on 650,000 homes…