🚀Birmingham claims it would be "dangerous" to recognise a Palestinian state.
Good Evening .
Welcome back to the Evening Post Wrap.
Tasmanian premier Jeremy Rockliff and the JLN have formed a government. Peter Dutton criticises Penny Wong for Israel-Palestine two-state solution calls
But The Coalition's defence spokesperson, Andrew Hastie, said “we are seeing breakouts of strategic disorder across the globe” and called the Albanese government “weak at articulating the threats we face”.
In any case, this is our evening post wrap-up. Now let's get started.
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With a final value of 7,844.8, the S&P/ASX 200 (XJO) finished 20.6 points higher than its session low and 0.31% higher than its high. A 163-to-113 margin separated advancers from decliners in the more general S&P/ASX 300 (XKO).
After six extremely poor sessions, the Real Estate Investment Trusts (XPJ) (+1.2%) sector rebounded to be the best performing sector today. A corresponding increase in bond yields is the cause of the recent weakness; rising yields are hated by real estate stocks! The strength we're seeing today is directly related to a slight decline in US key bond yields over night. [ Read more ]
💡Evening’s Headlines
Australian Prime Minister Anthony Albanese wants to counter US President Joe Biden's massive spending plans by directing taxpayer funds towards clean energy and advanced manufacturing projects.
In nearly fifty years, the federal government is attempting to enact the largest reform regarding corporate mergers. The largest 1% of businesses currently make up around half of all mergers and acquisitions in Australia, making them even larger. Less than 25% of mergers are voluntarily reported to the ACCC, which raises questions about whether the watchdog will miss any problematic mergers.
The South Australia government plans to impose the stiffest penalties in the country on adult ringleaders who recruit minors into criminal activities as a means of combating this practice.
🗳️ AUS POLITICS
The government, according to Albanese, has long backed a two-state solution.
Journalists questioned Prime Minister Anthony Albanese about Foreign Minister Penny Wong's remarks from last night, in which she mentioned the necessity of Palestinian statehood.
Declaring unequivocally that "Hamas has no role in a future Palestinian state," Albanese reaffirmed government support for a two-state solution while holding a press conference in Ballina, northern New South Wales.
“ Well, we have said for a long period of time that we support a two-state solution. Now, we don't think that Hamas should have any role in a future Palestinian state - we've made that very clear. They're a terrorist organisation and not a legitimate party to the future of Palestine. And they are an organisation that have not assisted either Palestinians, as well as of course, are being committed to the destruction of the state of Israel. What we want is Israelis and Palestinians to be able to live in peace and security with stability, and to be able to prosper in the future in a region which is peaceful. ” Mr Albanese told reporters on Wednesday. [ Read more ]
🚨SCIENCE
Monash Partners Comprehensive Cancer Consortium awards innovation grants to propel precision cancer treatment
Monash Partners Comprehensive Cancer Consortium (MPCCC) is thrilled to announce the recipients of the Precision Treatment Accelerator Grant, designed to propel ground-breaking advancements in precision cancer treatment.
This initiative underscores MPCCC's commitment to revolutionising cancer care and improving patient outcomes across its partner organisations. A total of $426,184 has been awarded to four innovative projects, each poised to drive significant progress in precision cancer treatment. [ Read more ]
📠 BUSINESS
Dubber pursues $24m emergency raise; 77% discount
A software company listed on the Australian Stock Exchange (ASX) has dismissed its CEO and declared that it will replace millions of dollars that it claims were embezzled with emergency capital raised at a steep discount.
On Wednesday, Dubber Corp. accused Steve McGovern, its former managing director and chief executive officer, and Christopher William Legal principal Mark Madafferi, a trustee, of "probably" stealing $30 million and fabricating documents to hide their activities. [ Read more ]
🖥️ Technology
Adobe Introduces Next Generation of Frame.io To Accelerate Content Workflow and Collaboration for Every Creative Project
Adobe (Nasdaq: ADBE) unveiled the brand-new Frame.io V4, a quick, easy-to-use, and adaptable platform for creative collaboration that optimises and streamlines workflows for both content creation and production. Disconnected tools and systems slow down creatives and stakeholders at every stage of development as teams and organisations scramble to meet the ever-increasing demand for video content. [Read more ]
🌎 World Tonight
Calling for an end to the fighting, President Joe Biden described Israeli Prime Minister Benjamin Netanyahu's approach to the conflict as a "mistake" and delivered one of his strongest criticisms of Israel's handling of the Gaza war in an interview that aired on Tuesday. [ CNN]
In an attempt to defuse tensions between the two countries following the deaths of Iranian generals in an explosion at the Iranian consulate in Syria, Israel's foreign minister threatened on Wednesday to use its armed forces to attack Iran directly if it launched an attack against Israel from its territory.
[ AP]Citing risks to public finances as the economy faces growing uncertainty in its transition to new growth models, Fitch lowered its outlook on China's sovereign credit rating to negative on Wednesday. [REUTERS]
📰 Good News, Inspiring, Positive Stories
Discovery of Australia’s oldest pottery rewrites understanding of Aboriginal maritime history
In a paper published in Quaternary Science Reviews, Traditional Owners and researchers report on the oldest securely dated pottery discovered in Australia, located at Jiigurru (Lizard Island Group) on the Great Barrier Reef in northeastern Australia.
This significant finding challenges previous notions that Aboriginal Australian communities were unaware of pottery manufacture before European settlement, instead suggesting a rich history of long-distance cultural exchanges and technological innovation long before British arrival.
The ceramics were discovered in an archaeological excavation on Jiigurru conducted by the Australian Research Council Centre of Excellence for Australian Biodiversity and Heritage (CABAH) in partnership with the Dingaal and Ngurrumungu Aboriginal communities for which Jiigurru holds significant cultural importance, serving historically as a site for ceremony, initiation, gathering, and knowledge transmission. [Read more ]