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Daily Archives: October 3, 2019

Brace yourself: the Trump slump hits US economy and the world

Now the US economy is going through another partial slump. Once again, manufacturing is contracting. Agriculture is also taking a severe hit, as is shipping. Overall output and employment are still growing, but around a fifth of the economy is effectively in recession. Make America not-so great: US President Donald …

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Virgin Velocity carrier charges increase up to 286 per cent

Virgin Australia has increased its carrier charges by up to 286 per cent for Velocity frequent flyer members, attributing the hike to a rise in “airline operating costs”. Velocity CEO Karl Schuster alerted members to the change, which will increase the cost of redeeming a flight using frequent flyer points. …

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‘Could Olympic results be affected?’: IOC boss’ major concerns over disgraced coach

Asked what information would be sought, Bach replied: “To see how many athletes have been investigated. Have all the athletes been investigated who have been training in this centre? “Does the report address the whole period of the existence of this project or only part of it? Could any Olympic …

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Markets Live: Bad news is good news again, ASX set to bounce

While most of these are “soft” economic data releases, measuring opinions rather than actual activity, it’s clear the US economy is losing momentum. The key now will be whether this weakness will flow through to the hard data. In most instances it does, helping to explain why concern about a …

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Two attacks in two days: Malmsbury teens charged with bashing guards

Police have charged three inmates – two aged 18 and one aged 19 – with a number of offences, including intentionally causing injury and assaulting an emergency worker. They will face Bendigo Magistrates Court on Friday. Thursday’s incident came just a day after a Malmsbury guard was allegedly stabbed in …

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Morrison says he’s ‘not waiting by the phone’ for invitation to China

He announced he would separately visit India and Japan early next year after receiving invitations from their respective prime ministers Narendra Modi and Shinzo Abe. Asked about the fact he has not yet been to China as prime minister, Mr Morrison said: “I would be happy to go, but I’m …

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No to iDollars: Apple chief not interested in setting up a digital currency

Apple chief Tim Cook has weighed in against launching an Apple cryptocurrency, saying in remarks published on Thursday that companies should not be trying to gain power by establishing competing currencies. Apple CEO Tim Cook doesn’t believe companies should be setting up their own digital currencies. Credit:AP Three months ago, …

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Phoenix star Creek still shooting for an NBA recall

Creek shot four of five from the three-point line including two clutch long bombs in the final minutes as his tiring Phoenix held off a late Melbourne United charge. His performance was more impressive considering star import Tai Wesley went down with a recurrence of his recent hamstring problems just …

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The rise of Elizabeth Warren has Wall Street feeling nervous

“For decades, Washington has lived by a simple rule: if it’s good for Wall Street, it’s good for the economy,” she wrote recently. “To raise wages, help small businesses, and spur economic growth, we need to shut down the Wall Street giveaways and rein in the financial industry, so it …

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Asus’ dual-screen laptop is a taste of the future, today

Dual-screen notebooks are only getting bigger. Last year Asus put a 5.5-inch screen in the touchpad of its ZenBook Pro, while HP dropped a six-inch second screen on its Omen X 2S gaming laptop. And this week Microsoft announced the 2020 Surface Neo, with two 9-inch screens joined by a …

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