Dollar soars on China growth fears
MILAN, RAW – World shares steadied on Tuesday after a late revival on Wall Street, although global growth fears stoked by China’s COVID-19 curbs and fears of aggressive Fed tightening sapped risk appetite, lifting the dollar to new two-year highs. The MSCI world equity index rose 0.1 per cent from six-week lows by 0812 GMT,…
Labor’s plan to woo agricultural workers
CANBERRA, AAP – Labor has promised a shake up of the scheme that encourages seasonal workers to come to Australia, but farmers have condemned the plan saying it kills off the agricultural visa. If elected Labor says it will address the Pacific economic challenges, while easing Australia’s agricultural worker shortages. It has proposed reforming the…
ASX down 0.7pc at noon as tech, banks drag
SYDNEY, AAP – The Australian share market has fallen for the third straight session, this time with tech stocks and financials the biggest drag at midday. The benchmark S&P/ASX200 index was down 52.1 points, or 0.71 per cent, to 7,266 at noon on Tuesday. The broader All Ordinaries had fallen by 53.2 points, or 0.7…
Beijing mass testing amid lockdown fears
BEIJING, AP – Beijing will conduct mass testing of most of its 21 million people as a new COVID-19 outbreak sparks stockpiling of food by residents worried about the possibility of a Shanghai-style lockdown. The Chinese capital began mass testing people in one of its 16 districts where most of the new cases have been…
Aged care workers call for higher wages
SYDNEY, AAP – Aged care workers have taken their fight for higher wages to the Fair Work Commission as inflation continues to bite nationwide. The Health Services Union, representing staff from personal care workers to catering and cleaning, is calling for a 25 per cent wage increase for staff in the sector. “It is certainly…
Greens push to sue coal, gas companies
CANBERRA, AAP – Coal and gas companies could be sued for climate-fuelled flood damage under legislation promised by the Greens. Greens leader Adam Bandt will join the party’s candidate Mandy Nolan for the flood-affected region of Richmond, on the NSW upper north coast, to announce the policy on Tuesday while offering extra support for flood…
Economic outlook ‘tricky’ despite strength
CANBERRA, AAP – Australia’s economic recovery has been faster and better than expected, with stunningly low unemployment and soaring commodity prices, but what comes next is unclear. The latest Deloitte Access Economics Business Outlook warns the current growth won’t last. “We’ve ridden the current wave spectacularly well, but it has taken us about as far…
$20m for new health training in Shepparton
CANBERRA, AAP – Victorian voters are being enticed with a $19.5 million promise for new clinical health school facilities in the Greater Shepparton region if the Liberal-National coalition is re-elected in May. Investment from La Trobe University and Goulburn Valley Health will total a $26.5 million project to “future proof” northern Victoria’s health care workforce,…
Nasdaq surges on Musk’s Twitter deal
NEW YORK CITY, RAW – Wall Street rose, with the Nasdaq ending sharply higher, after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks. Twitter ended up 5.6 per cent after announcing it would be bought by Musk in a deal that will shift control of the…
Elon Musk is taking Twitter private
NEW YORK, RAW – Elon Musk has clinched a deal to buy Twitter Inc for $US44 billion ($A61 billion) cash in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. It is a seminal moment for the 16-year-old company that…
