Tech leaders call for greater social media regulation
Social networks need better regulation to stop them spreading ‘fake news’ and undermining democracy, disillusioned tech pioneers said at an industry conference that closed in Lisbon Thursday.The issue has come to the fore after the spread of false information, and allegations of Russian meddling, during election campaigns around the world.‘I think we’re only 10 percent…
Only 20% say banks are ethical and fair
Just one in three people believe their bank has their best interests at heart, while the same number trust their bank would to admit to making a mistake. And that was before the interim royal commission report on the sector’s poor culture and systemic wrongdoings. The release of inaugural Deloitte Trust Index for banking on…
ASC to cut more shipbuilding jobs
Adelaide-based defence shipbuilder ASC is looking to cut a further 63 jobs as work on the navy’s new air warfare destroyers winds down. ASC is close to completing the third and final ship and says that means it may need to cut 56 production jobs and seven salaried positions. It will consult with its workforce…
CommSec Daily Report Monday
Latest NewsAussie shares are recovering from last week’s losses but have given up much of its early momentum. The ASX 200 is eking a gain of 3 points or 0.06% to 6178 approaching lunch. The index fell 0.46% last week but benefitted from a positive lead from Wall St and European markets on reports of…
British parliament backs Brexit delay
Britain’s parliament on Thursday voted to ask the European Union to delay Brexit until at least June and head off a chaotic end to their 46-year partnership in two weeks.But lawmakers also rejected a call to use that time to hold a second Brexit referendum – a blow to the hopes of a large swath…
CommSec Daily Report Friday
Latest NewsThe local market is struggling for direction early on Friday with lacklustre trade for the early part of the session. The ASX 200 index is currently 6 points lower or 0.1% at 6173 points after being unchanged for most of the morning. The ASX 200 is also looking at its first weekly decline in…
CommSec Daily Report Thursday
Latest newsAussie shares have faded from a better start with the ASX 200 flat at lunch after four consecutive sessions of falls. The local market has surged by around 15 per cent since Christmas however after hitting a six-month high last week and is perhaps seeking a positive catalyst to move higher.Last night US stocks…
Amcor expects to wrap up Bemis buy in May
Packaging company Amcor says it expects its takeover of US rival Bemis to be completed in May. Amcor, which plans a dual-listing on the New York Stock Exchange and the ASX, submitted the scheme to US authorities and the Australian Securities and Investments Commission for approval on Wednesday. If approval is granted by regulators in…
ASX moves lower for fourth straight day
The Australian sharemarket has closed lower for a fourth straight day, after a vote in the British House of Commons cast the Brexit process into disarray. The benchmark S&P/ASX200 index was down 13.6 points, or 0.22 per cent, to 6,161.2 points at 1615 AEDT on Wednesday, while the broader All Ordinaries was down 14.6 points,…
CommSec Daily Report Wednesday
Latest NewsThe local market is extending its losing streak into a fourth session with the ASX 200 falling another 25 points or 0.4% to 6149 heading into lunch. Almost every sector is in negative territory with losses in the healthcare and communications sectors the worst performers. In the health space, CSL Ltd (CSL) is the main…
