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Daily Archives: May 25, 2021

ASX flat; materials drag as Commonwealth Bank hits $100

The amount of construction going on in Australia is higher than analysts were expecting to see, with the seasonally adjusted numbers coming in at 2.4 per cent compared to expectations for 2.2 per cent. This means $52 billion worth of construction work was done in the March quarter, more than …

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Mystery air base under construction in Middle East

Military officials with Yemen’s internationally recognised government, which the Saudi-led coalition has backed since 2015, say the UAE is building the runway. The officials, speaking to the AP on condition of anonymity as they didn’t have authorisation to brief journalists, say Emirati ships transported military weapons, equipment and troops to …

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Brave new world: Crypto mania is sending us down a dangerous path

Above all, it is a tool of domestic control, allowing the state to collect data on every transaction in real-time, in a centralised computer system with algorithms to flag activity deemed a threat to the Communist Party. It can block activity. Which is why the Central Commission for Discipline Inspection …

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ASX set for falls as Wall Street slides; bitcoin retreats

Wall Street capped a listless day of trading on Tuesday (US time) with a modest pullback for the major US stock indexes, giving back some of the market’s gains after a solid start to the week. The S&P 500 slipped 0.2 per cent after spending much of the day wavering …

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Deutsche Bank’s nightmare decade is gone but not forgotten

Archegos wasn’t the first blowup that Deutsche Bank sidestepped under Sewing. The bank last year avoided taking a potentially damaging financial and reputational hit from the collapse of payments firm Wirecard, having cut its exposure as doubts about the company’s business grew. It also hasn’t taken a direct hit from …

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Britain’s youngest MP takes a break, citing ‘mental health’ issues

“I see it as my role not just to be in Parliament myself but to amplify the voices of other young people,” she said. “We are a generation that has a very different outlook.” Loading Whittome, whose father is of Punjabi heritage, has been an outspoken advocate for many causes, …

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Coleman shapes as leading candidate for Waratahs job

Coleman is highly regarded in NSW Rugby, after winning a Shute Shield title with Warringah in 2017 before turning Gordon around from wooden spooners to champions in the space of two seasons. The 48-year-old ran the Waratahs and Brumbies academies and in 1998 and 2009 respectively, and has had coaching …

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NSW Labor followed the Joel Fitzgibbon playbook in the Hunter and look what happened

Anthony Albanese and his front bench are building a credible platform – committing to deliver credible emission reduction targets, backing coal workers, and designing jobs of the future in regions that need it. And supporting locally led initiatives like the Hunter Jobs Alliance. The Hunter Jobs Alliance was founded after …

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NBN Co paid some bonuses ‘equivalent to 88 Cartier watches’

More than 700 highly paid employees at NBN Co, the taxpayer-owned body which runs and operates the National Broadband Network, received average personal bonuses of $50,000 last year. New data submitted to Federal Parliament this week shows the government-owned enterprise – which paid out almost $78 million bonuses to staff …

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