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Free child care during the COVID-19 crisis

Child care will be free for parents still using it during the coronavirus crisis. The government will also support the nation’s 13,000 childcare centres to remain open after enrolment and attendance numbers plummeted. Prime Minister Scott Morrison said child care was an essential service to keep all parents who still had jobs in the current…

Virgin redundancies to top 1,000: CEO

Virgin Australia boss Paul Scurrah says more than 1,000 of the workers it has stood down this week will probably be made redundant as the airline grounds planes during the coronavirus pandemic. Virgin Australia on Wednesday said it has suspended 8,000 of its 10,000 workers as it slashed domestic flights. “This is the worst airline…

Oil price war: Petrol may hit $1 a litre

Weekly Petrol Prices * Oil price war: A production agreement between OPEC+ nations (largely OPEC and Russia) has ended. Global oil prices fell 10 per cent on Friday and fell another 26 per cent today. * Petrol prices: Due to a holiday in Canberra, the Australian Institute of Petroleum will publish the regular weekly national…

China virus import ban hits seafood trade

The seafood trade faces an uncertain future as the coronavirus threatens to leave many unemployed, an industry association says. Sales of coral trout and mud crab have plummeted in Queensland with up to 40 boats being pulled from the water, according to the Queensland Seafood Industry Association. Chief executive officer Eric Perez warns action must…

The next decade: What’s in store for global markets?

Since emerging from the global financial crisis in 2009, global markets have enjoyed an extraordinary decade. Global markets have been driven by the US, with the S&P500 up an astonishing 256% in US dollar terms, while the MSCI emerging markets index rose only 49% over the same time period. It was a decade fuelled by…

ASX expected to open lower

The Australian share market is expected to open lower despite gains on Wall Street at the end of last week. The SPI200 futures contract was down 26.0 points, or 0.39 per cent, at 6,726.0 at 0700 AEDT, suggesting a fall for the benchmark S&P/ASX200 on Monday. On Wall Street on Friday, the Dow Jones Industrial…

CommSec Daily Report Friday

Latest News The Aussie market is looking to snap two days of losses with a generally broad pick up. The ASX 200 is climbing 44 points or 0.67% after dropping roughly 2% or 141 points over the past two sessions. The benchmark index is also on track for a weekly decline of roughly 1.1%. Local…

GM workers struggle with daily expenses as long strike continues

Betty Johnson, who has worked on General Motors assembly lines in Michigan and Tennessee for more than 34 years, said she knew a strike by the United Auto Workers union would mean personal sacrifice. Nearly 50,000 GM hourly employees have been striking since September 16 in a walkout that has halted production at 31 factories…

18 Share Tips – 14 October 2019

See our brand new top 10 broker reviews. Find your perfect platform! Tom Bleakley, BW Equities BUY RECOMMENDATIONS Telix Pharmaceuticals (TLX) Chart: Share price over the year TLX is a clinical stage biopharmaceutical company, focusing on diagnostic and therapeutic products within the nuclear medicine field. The company is currently selling its lead product for diagnosing…

German inflation slips again in September

Inflation in Europe’s largest economy Germany eroded further in September, official data showed Monday, weeks after the European Central Bank announced new measures to stoke price growth. Consumer prices grew 1.2 percent year-on-year, down from 1.4 percent in August and 1.7 percent in July, federal statistics authority Destatis said in a statement. Measured using the…