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Daily Archives: August 17, 2020

US tightens restrictions on Huawei access to technology, chips

“The new rule makes it clear that any use of American software or American fabrication equipment is banned and requires a license.” Secretary of State Mike Pompeo said in a tweet that the US government “dealt a direct blow to Huawei and the repressive Chinese Communist Party by further limiting …

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Cochlear posts $238m loss as COVID, patent case bites

The expense brought the company’s overall net loss to $238.3 million, a 186 per cent drop on last year’s $276.7 million profit. Cochlear had been warning of profit hits due to the virus as early as April when the company’s implant sales revenue dropped 60 per cent. On Tuesday morning …

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BHP seeking thermal coal exit, profit slips amid virus hit

“In a year marked by the challenges of the global COVID-19 pandemic, social unrest and commodity price volatility, we were safer, more reliable and lower-cost,” Mr Henry said. Loading After months of signalling it is open to the prospect of exiting thermal coal – the coal used to generate energy …

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ASX edges higher as results flow

The ASX 200 is higher at Tuesday’s open thanks to a health and tech surge as profit reports continue to pour in. The index was 18 points, or 0.3 per cent, higher at 6094.4 after 15 minutes of trade, following Wall Street’s lead Healthcare stocks led early gains with a …

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Coles swings to profit growth thanks to coronavirus panic buying

Coles, along with rival supermarket Woolworths, has been one of the best-performing businesses during the coronavirus pandemic, with virus-fuelled panic buying of food driving the retailer to its highest quarterly sales figure in its history earlier this year. Loading The virus, along with bushfires and floods earlier in the year, …

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Stewards hand down hefty penalty to Hyeronimus

Group 1-winning jockey Adam Hyeronimus has been banned for three years over a long-running betting scandal. Hyeronimus, who rode his first group 1 winner during this year’s Sydney autumn carnival, was found guilty by stewards on 30 of 31 betting charges which accused him of facilitating bets through a Sportsbet …

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Join two Australian screen icons live in conversation

Normal text sizeLarger text sizeVery large text size Movies are a great escape from reality, and right now we could all do with some entertainment and distraction. Today, join acclaimed director Gillian Armstrong (My Brilliant Career, Little Women, Oscar and Lucinda) and award-winning actor Marta Dusseldorp (MIFF spotlight film Ellie …

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Liz Cambage signs with Southside Flyers, returns to WNBL

Cambage was happy to return to Dandenong Stadium where she played her junior basketball and to link up with several long-time teammates like senior Flyers stars Jenna O’Hea and Rebecca Cole. Playing at home will also allow her to keep close with many of the Australian Opals as the team …

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Victoria records 222 new coronavirus cases, 17 deaths

Professorial fellow of Epidemiology at the University of Melbourne, Professor Tony Blakely, told radio station 3AW on Tuesday morning that he was surprised the daily new case numbers hadn’t dropped much further considering the implementation of stage four lockdown in Melbourne. “Two weeks to a week ago, it came down …

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Westpac scraps first-half dividend due to uncertain outlook

Chief executive Peter King said COVID-19 was clearly affecting the business, pointing to lower profit margins, weaker activity, and loans that have been deferred by customers. “Westpac’s priority has been to remain strong so we can continue supporting customers through this challenging period,” Mr King said. “We have maintained our …

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