🚀China charges Australia of "spying" following a naval confrontation;
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The S&P/ASX 200 closed 82.9 points lower, down 1.06%.
With a loss of 82.9 points, or 1.07%, from its session high and just 0.08% from its low, the S&P/ASX 200 (XJO) ended the trading session at 7,721.6. There was a 66:219 gap between the advancers and decliners in the more generalised S&P/ASX 300 (XKO). [Read more]
💡Here are a few headlines from this morning:
The ex-Jetstar pilot Greg Lynn entered not guilty pleas before the Melbourne Supreme Court on all counts of murder in 2020 in the alpine region of Victoria.
A number of Labour Members have expressed their disapproval of the government's recently unveiled Future Gas Strategy, arguing that it was "blindsided" and lays out a plan for continued investment and a life for gas "through to 2050 and beyond."
🗳️ HEADSTART
Paterson Backs Release of Military Confrontation Footage
The government "should release" video footage of the military incident in which an Australian Navy aircraft was attacked by flares dropped from a Chinese jet, according to shadow defence minister James Paterson.
The Australian government is under increasing pressure to make video of the deadly military confrontation between a Chinese fighter jet and an Australian Navy helicopter in the Yellow Sea public. [Read more]
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🔥 HOT COPY
Historic Agreement: Australia Commits $110 Million to Tuvalu.
In order to protect our shared peace, security, and sovereignty, Australia and Tuvalu are moving forward with implementing our agreed-upon plan for the Falepili Union.
Both Australia and Tuvalu committed to a joint statement and explanatory memorandum during the bipartisan visit to Funafuti, outlining how the Agreement will accomplish its main goals. [Read more]
🛒 MARKET EDGE
J.P. Morgan Australia Hit with $775,000 Fine Amid ASX Market Manipulation Claims
J.P. Morgan Securities Australia Limited (JPMSAL) has been fined $775,000 by the Markets Disciplinary Panel (MDP) for allowing suspicious client orders to be placed on the ASX 24 futures market, following an ASIC investigation.
The MDP concluded that JPMSAL ought to have suspected that 36 orders submitted by a client between January 11, 2022, and March 3, 2022, were intended to present the Eastern Australia Wheat futures January 2023 (WMF3) contracts' market or price in a false or misleading manner.
"There are real world consequences for this sort of behaviour," stated Sarah Court, deputy chair of ASIC, "which is why tackling manipulation in energy and commodities derivatives markets has been an ASIC priority." [Read more]
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🌎 World Tonight
All of Air Vanuatu's international flights, including those to and from Australia, have been cancelled while the country's government considers whether to put the airline into administration. Flights beyond Sunday are "under review." [The Evening Post AU]
Israeli officials have slammed the US and are fighting over US President Joe Biden's threat to halt some weapons shipments to Israel if a full-scale ground operation is launched into Rafah. [CNN]
The Olympic flame was carried through Marseille's streets by torchbearers on Thursday after arriving on a majestic three-mast ship for a welcoming ceremony. [AP]
🏅VIEWPOINT 360
EXLUSIVE : How child maltreatment drives mental health crisis
By Lucinda Grummitt, The University of Sydney in Sydney
Many cases of mental illness in Australia could be eradicated by targeting child maltreatment. The impacts of doing nothing are devastating.
The staggering cost childhood maltreatment has on the mental health of Australians now has a crushing figure attached.
New research from the University of Sydney reveals childhood maltreatment is responsible for up to 40 percent of mental health conditions, including 41 percent of all suicides. [Read More]
📰 Good News, Inspiring, Positive Stories
EAT WITH YOUR HEART - Winter's Eight at Bacchus Restaurant
He’s Italian and fiercely proud of it, and diners at Brisbane’s Bacchus Restaurant are loving Bacchus Chef de Cuisine Manuele Erriu's 'Queenslanding' of his wonderful memory dishes from growing up. He is the passion behind the restaurant’s
Early WINTER Menu, dishes that will warm hearts and palates
INTRODUCING THE WINTER’S EIGHT – the eight dishes from Bacchus Restaurant’s Early Winter Menu that need to be enjoyed now, preferably with a wonderful red and a warm heart, according to the menu maestro Chef Manuele Erriu. [Read more]
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