🚀Australian Government Announces Comprehensive Plan to Address Violence Against Women
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👋 I’m Miko and welcome back to the Evening Post Wrap.
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The S&P/ASX 200 closed 94.2 points lower, down 1.23%.
At 7,569.9, the S&P/ASX 200 (XJO) closed 94.2 points below its peak for the session and only 0.18% above its low. Advancers trailed decliners in the more general S&P/ASX 300 (XKO) by a pitiful 34 to 243.
Today, all eleven of the main ASX sectors experienced a down day (yes, once more!). Utilities (XUJ) and Financials (XFJ) were the least bad sectors, falling 0.6% apiece. Let's not sugarcoat this, this is still bad. [Read more - Carl Capolingua ]
💡Here are a few headlines from this morning:
More time was given to Bruce Lehrmann to review an appeal against a decision that found him not to have been defamed.
A nest of Indian spies was reportedly disrupted by federal intelligence agencies, but current and former ministers have supported Australia's ties with India.
Top diplomats from Australia and South Korea discussed expanding a secretive defence pact to block North Korean arms funds and Russian trade.
🗳️ HEADSTART
Federal Government's $925 Million Commitment to Combat Violence Against Women
The federal government promised to take action against violence against women, including funding to help women escape violence and online measures like an age verification trial to block children from accessing pornography.
State and federal leaders met virtually this morning, as the crisis has seen at least 28 women killed in acts of gendered violence this year.
Prime Minister Anthony Albanese said that today is about who we are as a nation and as a society. We know that governments need to act, but we also know that this is an issue for the whole of society, not just for governments. [ Read more]
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🔥 HOT COPY
Cybersecurity Concerns After Qantas App Displaying Strangers' Details
Qantas says it's fixed a bug in its app that let users see other passengers' names and future flight schedules, among other details. The airline apologised for the error and said there was no cyber security incident behind the technical disruption.
Qantas says the problem surfaced this morning and that current investigations have determined that it was caused by a technology issue that may have been connected to recent system modifications. [Read more ]
🛒 MARKET EDGE
Australian Home Values Rise 0.6% in April: CoreLogic
The latest figures from CoreLogic show that Australian home values continued to rise in April. The national Home Value Index (HVI) increased by 0.6% in April, which is in line with the pace of growth seen in February and March. This means that the national median dwelling value has risen by approximately $4,720 since last month. [ Read more ]
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🌎 World Tonight
On Wednesday, opposing protest groups engaged in physical altercations at the University of California, Los Angeles, pushing, kicking, and beating each other with sticks. [AP]
China's state broadcaster, CCTV, reports that a highway collapsed in the Guangdong province on Wednesday, killing 19 people. [CNN]
The government announced on Wednesday that British authorities had detained the first migrants who were scheduled to be sent to Rwanda under Prime Minister Rishi Sunak's signature policy on illegal migration. [REUTERS]
🏅VIEWPOINT
Rising costs can encourage a better kind of tourism
By Gui Lohmann, Griffith University in Brisbane
Rising costs of living and airfares point to long-haul travel being affordable for fewer people. It also might re-shape the way we think about tourism.
Australians need to brace for a reality check. When it comes to international travel, we’ve had it too good for too long.
After years of cheap flights to all corners of the globe, market reality has hit and we’re in for a bone-shaking landing.
That will mean a fundamental shift for the visitor economy. And the good news is, Australia stands to cash in. [Read more]
📰 Good News, Inspiring, Positive Stories
Cancer Council ACT commits $150k to groundbreaking Canberra-based cancer research
Cancer Council ACT is pleased to announce its commitment to advancing local cancer research by allocating $150,000 to fund two innovative projects awarded through its annual Research Grant program.
On Monday 22 April, His Excellency General the Honourable David Hurley AC DSC (Retd), Governor-General of the Commonwealth of Australia and Mrs Linda Hurley, Patron of Cancer Council ACT hosted a special Australia’s Biggest Morning Tea event at Government House for Cancer Council volunteers and fundraisers, where Canberra-based researchers Dr. Rachel Woodhouse and Dr. Teresa Bonello from the Australian National University were revealed as this year’s recipients.
Dr. Woodhouse, a postdoctoral fellow at the Cancer Immunology and Epigenetics Laboratory, John Curtin School of Medical Research, ANU, was awarded the grant for her project titled Developing novel therapies for EZH2 driven B-cell lymphoma. Dr. Woodhouse’s project studies how changes in gene expression patterns within cancer cells drive tumour development and progression, with the goal of developing new therapies for cancers that resist traditional treatments.
Dr Woodhouse expressed that the funding will be essential to progressing her research.
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