Read everything that’s happened in the news so far today.
In today’s news, unemployment rises to 3.8 per cent, the Reserve Bank says iron ore may have peaked, and budget airline Bonza turns to KordaMentha.The unemployment rate edged 0.1 per cent higher in March in an outcome close to the market’s expectations, as shares advanced 0.4 per cent at lunchtime. Iron ore prices jumped overnight to pace BHP, Rio Tinto and Fortescue higher.
The University of Melbourne’s defence of its firing of an academic has pointed to claims he massaged shoulders and often asked a student to go out for a drink.US President Joe Biden defends the move, while US Trade Representative Katherine Tai says the US will monitor any impact on Australia.Record-breaking rain floods Dubai’s airport and swamps desert
Experts said storm systems across the region were forecast well in advance and that UAE’s cloud seeding would not have caused such a deluge.Fundies have gone ‘full bull’. Is it time to sell? Bank of America’s latest global fund manager survey says investors are almost all-in on risk. That might be a worry.Improved relations between the two powers can’t mask age-old trade tensions. Better communication is important because the structural problem between them is insoluble.Fraser McNaughton can count on one hand the number of times he has swum in the ocean since he moved to Australia 17 years ago. But that’s all about to change.
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Jobless rate edges to 3.8pc, but strong February gains retainedUnemployment edged up in March as more people searched for work, which was largely driven by strong population growth.
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Bonza brings in KordaMentha to review operations at the budget carrierSources close to discussions said the corporate restructuring specialists had not been appointed as administrators, but to provide financial advice.
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Future Fund inks ConnectEast deal, buys 19.8pc stakeThe deal will see the Lazard-advised sovereign wealth fund pick up a 19.8 per cent stake.
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Railway, electrical, health unions push wave of NSW wage claims up to 8pcUnions want wage increases of up to 8 per cent as they prepare to negotiate new deals with railway, energy and health care workers in the most populous state.
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Jobless rate shows RBA right not to rule anything in or outThe near 50-year low of 3.7 per cent should silence those who want to suggest that the Reserve Bank’s 13th cash rate increase last November was some sort of monetarist mistake.
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US jobless figures ease as labour market stays resilientApplications for unemployment insurance have remained subdued over the last year despite elevated interest rates and some signs of cooling in the labour market.
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