(Reuters) – Australian shares settled higher on Tuesday for the seventh straight session, as financials jumped on some economic optimism and dividend hopes, and technology stocks tracked Wall Street higher.
The S&P/ASX 200 index .AXJO rose 1% to 6,195.70, adding about 7% during the seven sessions of gains through Tuesday.
Financials .AXFJ closed 1.7% higher, after having hit their highest level since Aug. 12 earlier in the session, with the “Big Four” banks adding between 1.7% and 3.3%.
“There are some signs that there is a bit of optimism for the economy moving forward, and that’s helping banks have a pretty good run,” said James Tao, a market analyst at CommSec.
Last week, the Australian government pledged billions in tax cuts and measures to boost
Geoscientists at the University of Sydney have discovered a natural laboratory to test claims that the carbon captured during the erosion and weathering of common rocks could be a viable mitigation strategy against global warming.
That laboratory is the Tweed River valley in north-eastern New South Wales.
“When common rocks, known as olivine, chemically break down, they absorb carbon dioxide to form carbonates that can then be washed into the oceans,” said lead author of the study, Kyle Manley, a student at the University of Irvine in California, who started the research while studying at Sydney.
“In that way, river valleys like the Tweed can act as carbon sinks.”
The carbonates formed in this process later become the shells of marine animals and corals. Over millions of years, these remnants can form
Transport Workers Union (TWU) has hit out at Amazon, accusing the global e-commerce giant of underpaying Amazon Flex drivers.
Amazon Flex was launched in Australia at the start of the year. At the time, Amazon Australia boasted it would give individuals the chance to earn money while delivering Amazon packages to customers.
Much like Uber, individuals are required to use their own vehicles, and at a minimum, are required to have personal car insurance and compulsory third-party personal injury.
When these compulsory insurance requirements are met, Amazon also provides delivery partners with Amazon Insurance Coverage at no additional cost, which includes auto liability coverage, third-party property damage, and contingent comprehensive coverage. But the coverage is only applicable when individuals are using Amazon Flex to deliver packages or return undelivered packages back to a designated location.
While it is unclear how much individual contractors earn or whether Amazon will take a
Google has paused the Australian rollout of News Showcase, which is a news-based service pitched by the company as benefiting both publishers and readers.
News Showcase was only announced earlier this month, and when it was initially launched in Germany and Brazil, CEO Sundar Pichai explained the platform was aimed at paying publishers to “create and curate high-quality content for a different kind of online news experience”.
Although Google said it signed several agreements with Australian publishers for News Showcase in June, it has decided to pause its Australian plans as it is not sure if the product would be viable under the impending media bargaining code of practice published by the Australian Competition and Consumer Commission (ACCC).
Google has held firm that it is against the News Media Bargaining Code, saying previously it would force the tech giant to provide users with a “dramatically worse Google Search and YouTube”,
JAKARTA, Indonesia (AP) — Tasmanian devils, the carnivorous marsupials whose feisty, frenzied eating habits won the animals cartoon fame, have returned to mainland Australia for the first time in some 3,000 years.
“Seeing those devils released into a wild landscape — it’s a really emotional moment,” said Liz Gabriel, director of conservation group Aussie Ark, which led the release effort in partnership with other conservation groups.
Australia’s budget forecasts will assume a coronavirus vaccine will be developed in the next year, Treasurer Josh Frydenberg says.
“The budget takes into account the possibility that is the case,” Frydenberg told Sky News Australia in a segment from an interview to be broadcast Monday”. “We have factored in those issues related to the vaccine and those will be available on budget night.”
Assuming a vaccine is available in 2021 will be a positive for the economic outlook, as it may signal a return to international travel and foreign tourist spending. Frydenberg is set to use
Australian rescuers were forced Thursday to begin euthanising some surviving whales from a mass stranding that has already killed 380 members of the giant pod.
While 88 pilot whales have been saved since the pod was discovered beached on Tasmania’s rugged western seaboard four days ago, the death toll is expected to rise as the window for rescue closes.
“We still have a few more live animals that we think are going to be viable to move,” said Tasmania’s Parks and Wildlife Service manager Nic Deka, praising the hard “yakka” (work) of rescuers who will continue until nightfall and into Friday.
“There is a likelihood that we’ll be continuing the rescue effort tomorrow… our focus has been on those that appear the most viable and have the most chance of success,” he