Australian shares kick off the week higher as optimistic investors focused more on the COVID-19 economic recovery, rather than concerns about rising US-China tensions.
Australian shares have kicked off the week higher as optimistic investors focused more on the COVID-19 economic recovery, rather than concerns about rising US-China tensions.The Australian dollar was steady at 65.3 US cents.
"Another great week of gains for oil, although the sharp rally was temporarily interrupted ahead of the US and UK long weekend as traders reflected on China news flow." "The National People's Congress announced economic measures were interpreted less dovish than expected and proposed security legislation for Hong Kong weighed on sentiment," Mr Innes said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexico COVID-19 fatalities surge as lockdown measures ease | Sky News AustraliaMexico has seen another record climb in its number of daily COVID-19 deaths as lockdown measures were eased across the nation. \n\nThe health ministry has added another 479 deaths to the confirmed toll and recorded another 3,000 new infections.\n\nMore than 62,000 cases and 6,500 deaths have been recorded since the pandemic began.\n\nThe capital Mexico City contains one third of the country's cases, making it the worst-affected region in the nation. \n\nHospitals have not yet been overwhelmed but government officials have said city medical centres are at 80 percent of their total capacity.\n\nImage: AP
Read more »
Australia's COVID-19 inquiry presents a roadmap for a new world orderAustralia's decision to join forces with the EU on an inquiry into the coronavirus has paved the way for new world order that will ensure the world is better prepared for the next pandemic | Gallo_Ways
Read more »
COVID-19 has smashed 'business inertia' | Sky News AustraliaIt’s been heartening to see companies adapting to the rapidly changing business circumstances brought on by the COVID-19 pandemic, according to New Markets at Zip Co Limited Tiziana Bianco.\n\nLarge swathes of workers have been working from home for the past few months as businesses try to lessen their exposure to the novel coronavirus.\nAccording to the Census, prior to the pandemic only 5 per cent of people worked remotely.\n\nMs Bianco told Sky News technological advances over the last 20 years has allowed businesses to adapt to rapidly changing conditions.\n\n“We have seen some inertia being smashed for the first time,” she said.\n\n“A lot of companies for many years have said ‘oh no, I can’t have a remote workforce’ or ‘oh no, it’s not going to work’ and we have really seen all companies have adapted very well to a remote workforce.'\n\nThat has all been enabled through technology.” \n\n
Read more »
COVID-19 has highlighted Australia's 'reliance' on digital technology | Sky News AustraliaThe coronavirus crisis has shown how keenly Australians rely on digital infrastructure, according to NSW Chief Data Scientists Dr Ian Opperman.\n\nThere has been an unprecedented demand for digital services as more and more Australians access the internet from home.\n\nAccording to figures published in the Australian Broadband Data Demand report, in the first week of May, downloads during the busy evening period increased by 14 per cent to 12.6 terabits per second compared to the last week of February.\n\n“The infrastructure we have relied on absolutely the most is not roads, we still need roads of course, and it’s not even the infrastructure that we have with buildings, it is the digital infrastructure.\n\n“Without the digital infrastructure, the NBN, the telecoms infrastructure, the 5G network, we could not have survived what we just went through, or it would have been a very different experience.'\n\n“Digital infrastructure can make us incredibly productive.”
Read more »
New York Times publishes names of 1,000 lost to COVID-19The total losses from the COVID-19 pandemic are, indeed, incalculable. The losses are greater than any illustration or description. But The Times is trying, in a unique way, by dedicating Sunday&x27;s front page and three inside pages to the names of about one thousand victims.
Read more »
'Worst I've ever seen': How COVID-19 accelerated the media industry's woesDespite the unprecedented audience thirst for news, business models are failing and outlets are going bust | zoesam93
Read more »