Wall St rises, Apple hits $US3t market cap
NEW YORK, RAW – US stocks have risen, with Apple hitting a $US3 trillion market capitalisation and Tesla posting bumper delivery numbers, giving investors cheer on the first trading day of the new year Apple’s shares rose 2.5 per cent to $US181.96 after it became the first company to reach the $US3 trillion milestone. Tesla…
Trading in Evergrande shares suspended
BEIJING, DPA – The heavily-indebted Chinese real estate giant Evergrande halted the trading in its shares on Monday, the company told the Hong Kong stock exchange without giving a reason. Evergrande is currently more than $US300 billion ($A413 billion) in debt and its stock lost almost 90 per cent of its value last year. In…
Latest snapshot of coronavirus impact
MELBOURNE, AAP – AUSTRALIAN CORONAVIRUS NUMBERS: * At least 37,212 new cases: 20,794 in NSW, 8577 in Victoria, 4249 in Queensland, 2552 in South Australia, 514 in the ACT, 466 in Tasmania, 58 in the Northern Territory and two in Western Australia. * The national death toll is 2258: Victoria 1540 (+3), NSW 669 (+4),…
Tesla delivers record 936,000 vehicles
AUSTIN, AP – Tesla delivered a record 936,000 vehicles last year, up 87 per cent from its 2020 delivery count, the company says. The electric vehicle company announced its fourth-quarter production and delivery results on Sunday, well before it plans to report its sales numbers from the same October-December period. The Austin, Texas-based carmaker said…
Labor to shut shipping abuse ‘loopholes’
CANBERRA, AAP – Labor has promised to close off loopholes allowing for the exploitation of foreign labour on ships and build an independent fleet to secure Australia’s essential supplies. Opposition Leader Anthony Albanese says foreign ships will still play an important role but Australia was reaching a point where there wouldn’t be an “Australian flag…
New figures reveal post-lockdown job boom
CANBERRA, AAP – The federal treasurer remains confident a surge in Omicron cases across the country won’t derail Australia’s economic rebound, following last year’s COVID-19 lockdowns. It comes as new figures released by the tax office showed 485,000 jobs were created across the nation since September. Josh Frydenberg said the county had experienced a jobs…
Richest add billions to their names
NEW YORK CITY, DPA – The 10 richest people in the world added 400 billion US dollars to their already enormous fortunes in 2021. The biggest gainer was Elon Musk, who started the year with a net worth of 156 billion dollars and will end it with around 277 billion dollars, according to the Bloomberg…
Labor hoping rail puts poll win on track
CANBERRA, AAP – Chugging towards a federal election, Labor has pulled out all stops in the NSW Hunter region by promising a new fast rail link to Sydney. Opposition Leader Anthony Albanese says Labor will prioritise the link which could eventually see travel time between Sydney and Newcastle cut to 45 minutes. But the coalition…
HK news outlet closes amid media crackdown
HONG KONG, AP – A Hong Kong online news site says that it will be cease operations in light of deteriorating press freedoms, days after police raided and arrested seven people for sedition at a separate pro-democracy news outlet. Citizen News announced its decision in a Facebook post on Sunday. It said it would stop…
Wall Street ends year near record highs
NEW YORK, RAW – Wall Street closed near record highs in light trading on Friday, the last trading day of 2021, marking the second year of recovery from a global pandemic. All three major US stock indexes scored monthly, quarterly and annual gains, notching their biggest three-year advance since 1999. The S&P 500 gained 27…
