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👋 I’m Miko and welcome back to the Evening Post Wrap.
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The S&P/ASX 200 closed 17.1 points higher, up 0.23%.
After closing 17.1 points higher at 7,587.0, the S&P/ASX 200 (XJO) was down 0.23% from its low and up 0.58% from its session high. Advancers barely defeated decliners by 149 to 127 in the more general S&P/ASX 300 (XKO).
In contrast to the previous two days' severe losses, the Gold (XGD) (+1.0%) sub-index saw the best performance today. While it only slightly increased in overnight trading, the price of gold has now increased by 0.7% in Asian trading as of this writing. [ Read more ]
💡Here are a few headlines from this morning:
A Burundi-born man is expected to appear in the Midland Magistrates Court today charged with allegedly failing to comply with his visa-mandated curfew.
Macquarie Bank has announced that it will no longer take consumer checks and cash, joining an increasing number of businesses that are moving to "completely digital" transactions. starting on May 30.
While executives of the low-cost airline communicate with the lessor of its fleet, passengers on Bonza will be grounded for nearly another week.
🗳️ HEADSTART
Dutton says PM need to "call for an end" to university camps supporting Palestine.
Anthony Albanese should "call for an end" to pro-Palestinian protests on college campuses, says Peter Dutton, leader of the opposition.
Mr. Dutton said that the way police have responded to protests across the country has been "weak."
Campus encampments have appeared in Sydney, Melbourne, Adelaide, and Canberra, with participants demanding that their educational institutions reveal and sever connections with arms manufacturers they allege are supplying Israel with weapons.
On April 17, a few students at Columbia University in New York pitched tents, sparking the start of the movement.
Since then, it has expanded throughout the US and attracted interest from abroad. [Read more]
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🔥 HOT COPY
Cybercrime Squad Arrests Man Over Data Breach in Fairfield West
A man in Fairfield West has been taken into custody by Cybercrime Squad detectives who are looking into a possible data breach that may have exposed the personal information of over a million people.
Detectives from the Cybercrime Squad of State Crime Command received a tip yesterday, Wednesday, May 1, 2024, about a website that published the personal information of clients who had used their driver's licences to access specific NSW businesses.
After closely collaborating with federal and state agencies to contain the breach, detectives from the Cybercrime Squad launched an investigation under the Strike Force Division. [Read more ]
🛒 MARKET EDGE
OECD's Economic Outlook: Global Economy to Grow at 3.1% in 2024
The most recent Economic Outlook from the OECD predicts that the world economy will continue to grow modestly. According to the Economic Outlook, global GDP will grow steadily in 2024 at a rate of 3.1%, the same as in 2023, before slightly increasing to 3.2% in 2025.
Although there are still negative effects of tight monetary policy, especially in the housing and credit markets, overall activity is proving to be relatively resilient, inflation is still falling, and private sector confidence is rising. [Read more]
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🌎 World Tonight
Officers prepared to close in on the well-defended camp of hundreds of pro-Palestinian demonstrators on the UCLA campus on Thursday, defying orders to disperse. The camp was surrounded by a larger group of people, including supporters who had locked arms and onlookers. [AP]
The Pacific nation of the Solomon Islands has chosen a pro-China candidate to be its prime minister, a sign that Beijing will continue to have strong ties with this country.[BBC]
The winner of the historic US$1.3 billion ($2 billion) Powerball jackpot was identified as a Laos immigrant who is undergoing chemotherapy and recently underwent his most recent treatment.[THE DAILY TELEGRAPH]
🏅VIEWPOINT
Student protests look familiar but march to a different beat
By James Arvanitakis, The University of Western Australia in Perth
Student demonstrations at many universities, sparked by the Israel-Hamas conflict, revive an old legacy. But these are different times.
This week, Columbia University began suspending students who refused to dismantle a protest camp, after talks between the student organisers and academic leaders to end the demonstration stalled.
The situation has since escalated further with riot police storming a Pro-Palestinian encampment at the university on Tuesday evening US time.
As the pro-Palestinian protests expand across university campuses in the US and other parts of the world including Australia, it is easy to see them as continuing the tradition of explosive student demonstrations that began in the 1960s with protests against the Vietnam War.
Largely made up of student coalitions, the latest protests are primarily focused on the conflict between Israel and Hamas in Gaza, which has seen more than 34,000 Palestinians killed and 77,000 injured by Israeli attacks according to Gaza authorities.
Pro-Palestinian protesters are demanding universities cut financial and academic ties with Israel, support a ceasefire in Gaza and disclose investments related to the conflict. Critics of the protests decry them as antisemitic.
A university education is meant to be about more than building disciplinary knowledge or kickstarting careers. [Read more]
📰 Good News, Inspiring, Positive Stories
Kyabram Bakers Delight Recognised as a Top Fundraiser for Charity Work Across Australia
Kyabram Bakers Delight is one of the top earning bakeries for charity in the country, highlighting the incredible giving spirit of its team and the generosity of the local community.
Vince and Liza Curtis have been the Bakers Delight franchisees in Kyabram for 12 years and have proved their passion for giving through the Pink Bun campaign, raising money for Breast Cancer Network Australia (BCNA) and awareness around breast cancer.
“We’re very proud of the fact we are one of the top bakeries, it’s a campaign that our staff and our customers get right behind,” said Liza. “We have many customers come in and share stories of their cancer journeys and it’s an opportunity to listen and really connect with them.”
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