🚀Chinese Military Jet's Actions Near Australian Helicopter Labeled "Unprofessional"
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The S&P/ASX 200 closed 53.4 points higher, up 0.70%.
At 7,682.4, the S&P/ASX 200 (XJO) closed 53.4 points higher than its session low and just 0.02% below its high. Although the headline performance was impressive, it is worth noting that advancers only narrowly defeated decliners by 149 to 120 in the more widely based S&P/ASX 300 (XKO).
The best-performing sector today was Real Estate Investment Trusts (XPJ) (+1.8%), probably as a result of Friday's respectable decline in benchmark bond rates. [Read more]
💡Here are a few headlines from this morning:
The $230 million emergency package to support victims and survivors of sexual, family, and domestic abuse was committed to by the NSW government today.
Telstra will delay the closure of its 3G network from 30 June to 31 August to give people more time to update their devices, and Stephen Rue, CEO of the NBN, will become Optus CEO.
Mexican authorities identified the bodies of three men found in a northern well as Australian brothers Jake and Callum Robinson and their American friend Jack Carter Rhoad.
🗳️ HEADSTART
Australian Defence Minister Condemns Chinese Military's Behavior.
During a United Nations mission in international waters, the Australian government claims that a Chinese fighter jet dropped flares close to an Australian helicopter.
The Australian Government has expressed its concerns to the Chinese Government following an unsafe and unprofessional interaction with a People’s Liberation Army – Air Force (PLA-AF) fighter aircraft.
The event was deemed "unacceptable" by Defence Minister Richard Marles. [Read more ]
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🔥 HOT COPY
68,000 Higher Education Students to Benefit from Practice Payment.
The ACTU welcomes the Albanese government’s announcement to introduce a Commonwealth Practice Payment to support nursing, teaching, midwifery, and social work students. These students must complete mandatory placements to gain university and vocational qualifications.
Australians studying to be teachers, nurses, midwives, and social workers face financial challenges during their placements. This contributes to long-term workforce shortages in these critical fields. [Read more ]
🛒 MARKET EDGE
Qantas Faces $100 Million Penalty for Misleading Consumers.
Qantas has admitted that it misled consumers by advertising tickets for tens of thousands of flights it had already decided to cancel, and by cancelling thousands more without promptly informing ticket holders of its decision, following court action by the ACCC.
Under an agreement announced today, the ACCC and Qantas will ask the Federal Court to impose a $100 million penalty on Qantas for breaching the Australian Consumer Law. [Read more]
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🌎 World Tonight
About 100,000 Palestinians were given orders by the Israeli army on Monday to start leaving Gaza's southern city of Rafah. This move complicated efforts to mediate a cease-fire by raising the possibility of a long-promised ground invasion.[ AP]
After his coalition government collapsed, Scottish First Minister Humza Yousaf resigned less than a year into the position. His abrupt and humble exit has left Scotland's ruling pro-independence party in disarray. [CNN]
Monday marks Donald Trump's return to a New York courtroom, where he will have to remain silent while witnesses discuss his attempts to conceal information about a reported tryst with a porn star during the 2016 presidential campaign.[REUTERS]
🏅VIEWPOINT
How a cost of living crisis can fuel extremism among young men.
By Josh Roose, Deakin University in Melbourne
Dire economic prospects are opening the door for an angry world of emotional manipulation that is targeting young men.
On March 15 the world will mark five years since Australian man Brenton Tarrant killed 51 people at two mosques in Christchurch, New Zealand.
Tarrant, who will spend the rest of his life behind bars was told by the court during his sentencing that he had "no apparent mental disorders or psychiatric conditions, and that there was "insufficient information to make a formal diagnosis of any personality disorder"
Instead the court said he was described as "having held unusually racist beliefs since your late teens that have developed and intensified through your adult life".
Tarrant was primarily radicalised in online chat forums, and his ideology fuelled by his supposed experiences of travelling in Europe. [Read more]
📰 Good News, Inspiring, Positive Stories
Oliver and Isla officially NSW’s favourite baby names of 2023
It’s official! NSW has a new baby name queen with Isla officially proclaimed the state’s favourite after claiming top spot for the first time ever, while Oliver has reclaimed the boy’s throne in a fight to the finish line.
Oliver’s dominance has seen it NSW’s favourite name for the ninth time in ten years but having lost top spot to Noah last year, Oliver has regained its crown by just 18 more registered births.
For the girls it was an even tighter race with the top two girl’s names, Isla and Amelia, separated by only four registered births, having previously been tied when the preliminary top 10 was released in January.
But Isla has reigned supreme, moving up from third spot in 2022 to claim NSW’s premier position for the first time, ending the dominance of Charlotte, Olivia and Amelia which have been the only names to hold number one since Chloe in 2011. [Read more]
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