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Victorian director disqualified from managing corporations

Hayley Joan Street of Richmond, Victoria has been disqualified from managing corporations for four years following her involvement in two failed companies. Ms Street was a director of two companies from 2010 to 2019: Steven & Joan Pty Ltd (ACN 118 428 916) (S&J) that operated in the construction industry (liquidator appointed 22/02/2019); and Tutti…

Wall St rises as focus turns to stimulus

NEW YORK CITY, RAW – The Dow and the Nasdaq have hit record highs in anticipation of president-elect Joe Biden’s pandemic aid proposal to jump-start a struggling economy after data highlighted weakening US labour market conditions. The Labor Department’s weekly jobless report showed the number of people in the US filing for unemployment benefits increased…

Tintin painting sells for $A4.9 million

PARIS, RAW – A painting of comic book hero Tintin that was kept folded in a drawer for years has sold at a Paris auction for 3.175 million euros ($A4.955 million), the auction house says. The painting is the work of Belgian illustrator Georges Remi, better known by his nom de plume Herge, who was…

Biden plans $1.9 trillion stimulus: report

WILMINGTON, RAW – President-elect Joe Biden will unveil a stimulus proposal designed to jump-start the US economy during the coronavirus pandemic and help minority communities with about $US1.9 trillion in aid. Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that…

Treasurer warns super rise will hit wages

CANBERRA, AAP – Treasurer Josh Frydenberg has branded Labor “flat-earthers” for denying that increasing the superannuation guarantee will hit wage growth. Mr Frydenberg said a major review of the retirement savings system had found a trade-off between lifting compulsory super contribution and wages. “That’s not rocket science. The Reserve Bank has said that and the…

ASX closes up 0.43 per cent

SYDNEY, AAP – Investors have had their best gains of the week, after financial and health shares offset losses in materials and energy. The S&P/ASX200 benchmark index closed higher by 28.7 points, or 0.43 per cent, to 6715.3 on Thursday. The results was the index’s highest close since February 25 last year, when investors began…

Economy will grow without help: Frydenberg

CANBERRA, AAP – Josh Frydenberg is confident the economy will continue to strengthen and that the unemployment rate will fall further, even when temporary support measures like the JobKeeper wage subsidy end in March. The treasurer jumped on recent figures showing households and businesses have amassed more than $200 billion in savings during the pandemic….

Rio Tinto extends NZ aluminium smelter

Miner Rio Tinto has extended the running of New Zealand’s aluminium smelter to the end of 2024. SYDNEY, AAP – Rio Tinto has prolonged the operation of New Zealand’s only aluminium smelter after signing a power contract the miner says will help its viability. Rio Tinto on Thursday said it had agreed to an electricity…

Airbnb cancels Washington bookings

WASHINGTON, D. C., RAW – Airbnb has been cancelling home-sharing reservations in the Washington, DC area for the week of President-elect Joe Biden’s inauguration after law enforcement warned of a threat from armed militias, the rental platform says. It says it made the decision after consulting local and federal officials and after a number of…

Job vacancies hit record high

Job vacancies; Engineering construction; Credit/debit cards Job vacancies: In seasonally adjusted terms, job vacancies rose by 23.4 per cent or 48,300 to a record high 254,400 available positions in the three months to November. Vacancies are 12.1 per cent higher in November than a year ago. And available positions are 27,100 or 11.9 per cent…