🚀Coordinated Raid: Seven Teenagers Linked to Terror Suspect Detained
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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 0.5 points lower, down 0.01%.
March quarter CPI data dominated today's proceedings. Sugar coating it is impossible, and if you did, it would cost 3.6% more than last year, a bit more than the 3.4% p.a. the market wanted.
The benchmark S&P/ASX200 fell 0.5% after the CPI data was released at 11:30am EST, and our market failed to recover any of those losses by the close.
One thing rose today, but investors don't want it. Australian 2-year government bond yields, a near-term benchmark for the RBA's cash rate, rose 0.12% and closed above 4.4% for the first time since early December.
The first RBA rate cut was delayed until 2025 by markets.
[ Read more - Carl Capolingua ]
💡Evening’s Headlines
A coordinated police operation involving over 400 officers has apprehended seven teenagers connected to the accused Wakeley terrorist, raising concerns about the possibility of an impending attack.
Indexation increases the average loan by more than $1,200, but Hecs/Help debt will increase by 4.8% in June.
🗳️ AUS POLITICS
Prime Minister Albanese Completes Historic Kokoda Track Trek
The walk along the Kokoda Track by Prime Minister Anthony Albanese is over. He had been through dense, mountainous battlefields where Australian soldiers made history.
In Papua New Guinea, Mr. Albanese hiked along a 15 km section of the trail for two days. He was the first prime minister to do this while still in office.
Before Anzac Day celebrations on Thursday, the hike was done with Papua New Guinea Prime Minister James Marape.
In the early hours of the morning, Mr. Albanese will speak at a service at the Isuvara Memorial, which is located along the track. This is where some of the fiercest fighting happened during the Kokoda campaign in WWII.
There were 99 deaths and 111 injuries among Australian troops in August 1942.
The dawn service at Kokoda is one of many events happening around the world to remember Anzac Day, including many in Australia.
Australia's Deputy Prime Minister Richard Marles will attend the dawn service at Anzac Cove in Gallipoli on Thursday, which is 109 years since the landings in Turkey during World War I.
📠 BUSINESS
Woodside Energy's Climate Plans Face Shareholder Rebellion
When shareholders gather on Wednesday, Woodside Energy may face a resounding vote against its climate plans as international investors continue to scrutinise the emissions policy of Australia's largest oil and gas company.
Over 58.36% of votes were cast against Woodside Energy's climate report in the company's annual general meeting, according to the results of the voting. [Read more]
🥫CONSUMER
Inflation Rate Stabilizes, but Budget Aims to Keep Cost of Living Down
The Consumer Price Index (CPI) increased by 1.0% in the quarter ending March 20, 24 and by 3.6% yearly, as per the most recent data released by the Australian Bureau of Statistics (ABS).
"The CPI rose 1.0 per cent in the March quarter, higher than the 0.6% rise in the December 2023 quarter," stated Michelle Marquardt, ABS head of prices statistics.
[Read more ]
🖥️ Technology
X Corp Hit with Interim Injunction Over Video
The Federal Court issued a new interim injunction today ordering X Corp to immediately hide Class 1 material subject to eSafety's 16 April 2024 removal notice. This lasts until 5pm on 10 May 2024. Another court hearing is scheduled for 10:30am on 10 May 2024.
In summary, eSafety's removal notice to X Corp required it to take all reasonable steps to remove the extreme violent video of the alleged terrorist act at Wakeley in Sydney on 15 April. URLs with the material were listed in the removal notice.[Read more ]
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🌎 World Tonight
The UN human rights office, OHCHR, said Tuesday that reports of Palestinian victims being found naked and tied in mass graves in Gaza raise concerns about war crimes amid Israeli airstrikes. [ UN NEWS]
Russia's highest-profile corruption scandal since President Vladimir Putin invaded Ukraine more than two years ago involves a deputy defence minister charged with taking a bribe. [CNN]
Ukraine will be able to defeat Russia in its war with the help of a sizable, new aid package from the United States. It will still take a lot of work to win. [AP]
🏅 Fact Check
The invisible killer lurking in the air of our cities
By Wenhua Yu and Yuming Guo, Monash University in Melbourne
As climate change makes smog and bushfires more common, people will die from air pollution at increasingly high rates – especially in densely populated cities.
Short-term exposure to high levels of air pollution kills more than one million people every year. And while Asia and Africa are particularly at-risk, Australia isn't immune to the danger.
With climate change making smog and bushfires more common, it's likely more people will die from air pollution in coming years — especially in densely populated cities.
Those are some of the key findings from our recent research, published in Lancet Planetary Health last month. [Read More]
📰 Good News, Inspiring, Positive Stories
LinkedIn reveals Australia's Top Companies for career growth in 2024
LinkedIn has released its 8th annual Top Companies List, a data-backed list of Australia's 25 best employers for career growth.
The methodology examines career progression, including promotions, skill acquisition, gender diversity, and more, using unique LinkedIn data.
Commonwealth Bank topped this year's list, with Canva debuting at number nine for the first time away from the top startup companies list. Companies don't know their ranking until LinkedIn releases it. [Read more]
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