🚀Anzac Day Marks 104 Years Since Gallipoli Landing with Pride and Solemnity
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👋 I’m Miko and welcome back to the Evening Post Wrap.
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ASX is closed for ANZAC Day.
The S&P/ASX 200 closed 0.5 points lower, down 0.01%.
March quarter CPI data dominated today's proceedings. Sugar coating it is impossible, and if you did, it would cost 3.6% more than last year, a bit more than the 3.4% p.a. the market wanted.
The benchmark S&P/ASX200 fell 0.5% after the CPI data was released at 11:30am EST, and our market failed to recover any of those losses by the close.
One thing rose today, but investors don't want it. Australian 2-year government bond yields, a near-term benchmark for the RBA's cash rate, rose 0.12% and closed above 4.4% for the first time since early December.
The first RBA rate cut was delayed until 2025 by markets.
[ Read more - Carl Capolingua ]
💡Evening’s Headlines
A prominent former Islamic State supporter who was released from a supervision order last year was questioned in yesterday's police raids on a Sydney boys' alleged terrorism network.
About a hundred demonstrators from the University of Melbourne, who support Palestine, have started a "Gaza solidarity encampment" to demand that the university sever its connections with Israeli-affiliated manufacturers of weaponry.
As a result of cutting jobs and sending more money overseas, Facebook increased its local profits by 36% in 2023, according to new documents filed with the Australian corporate regulator.
🗳️ AUS POLITICS
Australians Pay Tribute to Fallen Soldiers on 104th Anzac Day
Veterans marched throughout Australia as people honoured the dead from the world's pivotal wars of the past century and other conflicts with solemn remembrance and pride.
Following the 32,000 attendees of the dawn service in front of the national landmark, over a thousand veterans began their march at the top of Anzac Parade in Canberra, with the Australian War Memorial serving as the backdrop.
Over 40,000 people attended the dawn service in Melbourne, and an additional 10,000 participated in the march afterwards. [Read more]
📠 BUSINESS
Google Australia reports $2 billion in local revenue, of which $7 billion goes to the larger Alphabet group.
Google, a tech giant, made $2 billion in revenue in Australia in the year that ended in December, but its advertising division declined in a slowing market, according to Financial Review.
According to digital advertising peak body IAB Australia, the media, software, and services juggernaut, which is expected to be valued approximately $6.5 billion in Australia in 2023, has a near monopoly on internet search. [ Read more ]
💊HEALTH
Australia's $30 Million Initiative to Combat Malaria in Asia-Pacific
Australia is putting up to $30 million to help governments and communities in South-east Asia and the Pacific region acquire new skills and tools that will help eradicate malaria.
As part of World Malaria Day on Thursday, Foreign Minister Penny Wong unveiled the multi-million dollar package, with the money going towards both testing and treatment for the disease. [Read more ]
🖥️ Technology
GoDaddy Flexes Smart Terminal Lineup for Small Businesses
GoDaddy (NYSE: GDDY) now has a line of smart point-of-sale (POS) terminals. The new GoDaddy Smart Terminal Flex is the first in this line. The Smart Terminal Flex is packed with modern features that help small businesses run more smoothly. It is made to fit in an apron pocket for more flexibility.
This GoDaddy POS expansion builds on the company's recent milestone announcing gross payments volume from GoDaddy's commerce offerings grew to $1.7 billion by the end of 2023, up 125% year-over-year. [Read more ]
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🌎 World Tonight
Russia vetoed a UN resolution banning nuclear weapons in space on Wednesday amid US intelligence-backed concerns that Moscow is developing a satellite-destroying nuclear device. [CNN]
On Wednesday, Hamas released a video of Israeli-American Hersh Goldberg-Polin, who was captured alive during Hamas's Oct. 7 attack on Israel and taken to Gaza. [REUTERS]
Students at the University of Southern California were peacefully arrested on Wednesday, hours after police at a Texas university aggressively detained dozens in the latest clashes between law enforcement and Israel-Hamas war protesters nationwide.[AP]
🏅 Fact Check
If AI steals our jobs, who'll be left to buy stuff?
By Manoj Pant, Shiv Nadar University and Sugandha Huria, Indian Institute of Foreign Trade in Greater Noida
Economics has good news for workers fearing joblessness due to the rise of AI - only labour consumes, and the value of consuming populations is growing.
The question is one of increasing urgency: What will workers do when technology does most of the work?
In April, tech titans Google, Microsoft, IBM, Cisco and SAP, employment website Indeed, along with professional services major Accenture, among others, formed a consortium to explore the impact of Artificial Intelligence on IT job roles.
The joint effort will enable workers to find and access relevant training programs and, according to the companies, is expected to help more than 95 million people around the world over the next 10 years.
The jobs that AI can do are multiplying by the day. While this may be frightening for some workers, economics, which is often called the “dismal science”, does offer a rosy outlook.
While advancements in AI potentially herald a future with no limits on production and income, the implications for workers, may not be as scary as initially feared. [ Read more]
📰 Good News, Inspiring, Positive Stories
Scenic Rim Farm Gate Trail THIS SUNDAY
Overflowing larders right on the farm, freshly picked produce from a paddock you can see, jams and chutneys made with love, olives and cheese, honey and garlic, carrots for days, farm walks, wine tastings, lamb pats, alpaca cuddles and goat giggles, these are just some of the highlights of the Scenic Rim Farm Gate Trail that’s happening THIS SUNDAY April 28 from 9am to 3pm.
It’s the much loved and highly anticipated day when the farmers, growers, producers, winemakers, brewers, distillers and flavour-makers across the famous region open their gates to celebrate where food comes from. From cuddles with lambs at Towri Sheep Cheeses to fresh produce straight from the paddocks of local farms, picnic selfies with alpacas, incredible Christmas Creek garlic, stocking up on artisan dairy products and learning more about farming from the farmers, to beer and ice cream tasting at Scenic Rim Brewery, flower walks at Elderflower Farm, wandering the vines at the region’s vineyards, visitors leave with full stomachs and a love for the Scenic Rim region, its produce and its people.
At just over an hour from both Brisbane and the Gold Coast - it’s the perfect day trip, or weekend away!
Full information at destinationscencirim.com.au and at @destinationscenicrim and on Facebook.
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