Domain: smh.com.au

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smh.com.au

🌐 75% Global Worthiness

Mar 12, 10:11

NSW to Buy Rosehill Racecourse for \$5 Billion Housing Development

The NSW government will purchase Rosehill Racecourse for at least \$5 billion to build 25,000 homes, a revised plan from an earlier proposal involving the Australian Turf Club as quasi-developers, following member opposition and requiring their approval at a general meeting next month.

NSW to Buy Rosehill Racecourse for \$5 Billion Housing Development

The NSW government will purchase Rosehill Racecourse for at least \$5 billion to build 25,000 homes, a revised plan from an earlier proposal involving the Australian Turf Club as quasi-developers, following member opposition and requiring their approval at a general meeting next month.

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Sustainable Cities and Communities

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What is the immediate impact of the NSW government's proposed \$5 billion purchase of Rosehill Racecourse?

The NSW government proposed a \$5 billion purchase of Rosehill Racecourse to build 25,000 homes, a significant change from the initial plan involving the Australian Turf Club as quasi-developers. This revised proposal aims to secure member support for the sale and ensure housing development on the site.

smh.com.au

🌐 65% Global Worthiness

Mar 12, 13:11

Star Minerals Prioritizes Gold Project, Abandons Uranium Venture

Star Minerals is fast-tracking its 45,000-ounce Tumblegum South gold project in Western Australia after raising \$1.6 million via a share offering that included a strategic investment from BGR Mining and Infra Limited, while simultaneously abandoning its Cobra uranium project due to financing issues...

Star Minerals Prioritizes Gold Project, Abandons Uranium Venture

Star Minerals is fast-tracking its 45,000-ounce Tumblegum South gold project in Western Australia after raising \$1.6 million via a share offering that included a strategic investment from BGR Mining and Infra Limited, while simultaneously abandoning its Cobra uranium project due to financing issues...

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Decent Work and Economic Growth

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What is the immediate impact of Star Minerals' capital raising on the Tumblegum South gold project?

Star Minerals is accelerating its Tumblegum South gold project in Western Australia after raising \$1.6 million through a share offering. This capital injection, partly fueled by high gold prices and interest from mining contractors like BGR Mining, will allow for an expanded pit design, potentially increasing gold yield by 16,000 ounces. The company is also proceeding with environmental approvals and exploration drilling.

smh.com.au

🌐 90% Global Worthiness

Mar 11, 04:08

Trump's Tariff Uncertainty Triggers Market Plunge

Donald Trump's ambiguous tariff policies and the Treasury Secretary's hints at a potential recession caused a significant stock market sell-off, with the S&P 500 and Nasdaq experiencing substantial drops, amplified by Elon Musk's actions.

Trump's Tariff Uncertainty Triggers Market Plunge

Donald Trump's ambiguous tariff policies and the Treasury Secretary's hints at a potential recession caused a significant stock market sell-off, with the S&P 500 and Nasdaq experiencing substantial drops, amplified by Elon Musk's actions.

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Decent Work and Economic Growth

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How are Elon Musk's actions impacting the current economic climate and the market's reaction to Trump's policies?

Trump's unpredictable tariff policies, coupled with Treasury Secretary Bessent's acknowledgment of potential economic slowdown, are creating a climate of fear and uncertainty among investors. The market's reaction reflects concerns about stagflation – a combination of slow growth and high inflation – potentially leading to a recession. This is exacerbated by Elon Musk's actions which are harming the US economy.

smh.com.au

🌐 85% Global Worthiness

Mar 11, 07:13

Tesla Sales Plummet Amidst Musk's Controversial Political Stances

Tesla is experiencing a significant drop in sales globally, with decreases ranging from 26% to 76% in key markets, primarily attributed to CEO Elon Musk's outspoken support for Donald Trump and far-right political figures, alienating its environmentally conscious customer base and impacting the comp...

Tesla Sales Plummet Amidst Musk's Controversial Political Stances

Tesla is experiencing a significant drop in sales globally, with decreases ranging from 26% to 76% in key markets, primarily attributed to CEO Elon Musk's outspoken support for Donald Trump and far-right political figures, alienating its environmentally conscious customer base and impacting the comp...

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Responsible Consumption and Production

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What is the primary cause of Tesla's sharp decline in sales and stock price?

Tesla's market share is plummeting due to Elon Musk's political alignment with Donald Trump, alienating its progressive customer base. Sales in key markets like Germany (-76%), France (-26%), Norway (-50%), and China (-49%) have significantly decreased compared to last year. This drop, coupled with a 41% decrease in Tesla's stock price since the start of the year, signifies a major commercial setback.

smh.com.au

🌐 85% Global Worthiness

Mar 11, 07:13

Trump Reconsiders Tariffs Amid Market Turmoil

Faced with market turmoil and Republican backlash, President Trump is reconsidering 25% tariffs on steel and aluminum imports from Australia and other allies, after previously pausing and modifying similar tariffs on Mexico and Canada, leading to significant stock market declines and retaliatory tar...

Trump Reconsiders Tariffs Amid Market Turmoil

Faced with market turmoil and Republican backlash, President Trump is reconsidering 25% tariffs on steel and aluminum imports from Australia and other allies, after previously pausing and modifying similar tariffs on Mexico and Canada, leading to significant stock market declines and retaliatory tar...

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Decent Work and Economic Growth

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What are the immediate economic consequences of President Trump's proposed tariffs on steel and aluminum, and how significant is the market's negative reaction?

President Trump is considering imposing 25% tariffs on steel and aluminum imports from Australia and other allies, but is facing pressure from financial markets and some Republicans to reconsider. His previous actions on tariffs, including pausing and modifying tariffs on Mexico and Canada, have caused market uncertainty. The Nasdaq has erased post-election gains, and the Dow Jones fell significantly on Monday.

smh.com.au

🌐 85% Global Worthiness

Mar 11, 01:13

Cyclone Alfred: Widespread Power Outages and Beach Erosion in Queensland

Ex-Tropical Cyclone Alfred caused widespread damage in Queensland, Australia, resulting in over 118,000 homes without power, beach erosion at Surfers Paradise, and significant damage to businesses, with one land developer estimating \$100,000 in losses.

Cyclone Alfred: Widespread Power Outages and Beach Erosion in Queensland

Ex-Tropical Cyclone Alfred caused widespread damage in Queensland, Australia, resulting in over 118,000 homes without power, beach erosion at Surfers Paradise, and significant damage to businesses, with one land developer estimating \$100,000 in losses.

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Sustainable Cities and Communities

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How did the storm impact local businesses and what are the estimated economic losses?

The storm's impact extends beyond immediate infrastructure damage; it has disrupted businesses, causing financial losses and operational challenges. The prolonged power outages, some lasting up to five days, highlight the vulnerability of the region's power grid and underscore the need for improved resilience.

smh.com.au

🌐 75% Global Worthiness

Mar 12, 22:14

Slight Easing in Australia's Rental Market, But Tighter Conditions Ahead

Australia's rental market showed a slight easing in February 2024, with vacancy rates rising to 1.3 percent nationally, up from 1.0 percent in January; however, experts predict a return to tighter conditions, despite the end of 20 percent annual rent increases.

Slight Easing in Australia's Rental Market, But Tighter Conditions Ahead

Australia's rental market showed a slight easing in February 2024, with vacancy rates rising to 1.3 percent nationally, up from 1.0 percent in January; however, experts predict a return to tighter conditions, despite the end of 20 percent annual rent increases.

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Reduced Inequality

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What are the longer-term prospects for the Australian rental market, and what challenges do renters face?

The easing of intense competition is likely short-lived, as high demand persists and the supply of rental properties remains historically low. While double-digit annual rent increases seem to be over, modest rent increases are expected in the coming year (2-6 percent annually, depending on location), leaving renters facing ongoing affordability challenges. Melbourne shows a notable improvement compared to last year, however.

smh.com.au

🌐 65% Global Worthiness

Mar 12, 19:14

Dutton Vows No Women's Rights Rollback Amidst Public Service Cuts

Australian Opposition Leader Peter Dutton promised no rollback of women's rights despite planned cuts to diversity and inclusion roles; he faced criticism for attending a fundraiser instead of addressing Tropical Cyclone Alfred impacting his electorate, while also disclosing $18.8 million in propert...

Dutton Vows No Women's Rights Rollback Amidst Public Service Cuts

Australian Opposition Leader Peter Dutton promised no rollback of women's rights despite planned cuts to diversity and inclusion roles; he faced criticism for attending a fundraiser instead of addressing Tropical Cyclone Alfred impacting his electorate, while also disclosing $18.8 million in propert...

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Gender Equality

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How do Peter Dutton's personal financial disclosures, specifically his property sales, inform his approach to economic policy and government spending?

Dutton's statements aim to contrast his policies with those of US President Trump, rejecting comparisons while simultaneously implementing cost-cutting measures affecting areas benefiting women's participation in the workforce. His emphasis on fiscal responsibility during a cost-of-living crisis justifies these cuts, which target diversity and inclusion roles within the public service. His personal financial success, involving property sales, is presented as evidence of his business acumen.

smh.com.au

🌐 90% Global Worthiness

Mar 11, 22:13

US Resumes Ukraine Aid; Kyiv Proposes 30-Day Ceasefire

Following a week-long suspension, the US resumed military aid to Ukraine; concurrently, Kyiv proposed a 30-day ceasefire, contingent upon Moscow's approval, during talks in Jeddah, Saudi Arabia, aiming to de-escalate the ongoing conflict.

US Resumes Ukraine Aid; Kyiv Proposes 30-Day Ceasefire

Following a week-long suspension, the US resumed military aid to Ukraine; concurrently, Kyiv proposed a 30-day ceasefire, contingent upon Moscow's approval, during talks in Jeddah, Saudi Arabia, aiming to de-escalate the ongoing conflict.

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Peace, Justice, and Strong Institutions

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What immediate impacts result from the US resuming military aid to Ukraine and Ukraine's proposed ceasefire?

The Trump administration has resumed military aid and intelligence sharing with Ukraine, and Kyiv proposed a 30-day ceasefire contingent on Moscow's agreement. This follows a week-long suspension intended to pressure Zelensky into peace talks. A senior US delegation met with Ukrainian officials in Jeddah, Saudi Arabia, to discuss the proposal.

smh.com.au

🌐 85% Global Worthiness

Mar 11, 07:13

Australia's Unexpected Trade Surplus with U.S. Challenges Tariff Argument

Australia recorded its first-ever monthly trade surplus with the U.S. in January 2018, reaching \$1.7 billion, primarily due to a 92-fold increase in gold exports to \$4.6 billion, challenging Australia's argument against U.S. steel and aluminum tariffs.

Australia's Unexpected Trade Surplus with U.S. Challenges Tariff Argument

Australia recorded its first-ever monthly trade surplus with the U.S. in January 2018, reaching \$1.7 billion, primarily due to a 92-fold increase in gold exports to \$4.6 billion, challenging Australia's argument against U.S. steel and aluminum tariffs.

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Decent Work and Economic Growth

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How did the surge in Australian gold exports to the U.S. influence the trade balance, and what factors contributed to this increase?

The January surplus, primarily due to a 92-fold surge in gold exports from \$50 million in November to \$4.6 billion, challenges Australia's claim of a consistent U.S. trade surplus. This surge is linked to investor concerns about U.S. economic conditions and inflation, driving demand for gold as a safe haven asset.

smh.com.au

🌐 85% Global Worthiness

Mar 11, 04:08

US Green Card Holder Arrested, Sparking Free Speech Debate on Campuses

US immigration agents arrested Mahmoud Khalil, a US green card holder and former Columbia University student, for alleged ties to Hamas, prompting protests and raising concerns about free speech on college campuses. The arrest follows President Trump's executive order targeting antisemitism and the ...

US Green Card Holder Arrested, Sparking Free Speech Debate on Campuses

US immigration agents arrested Mahmoud Khalil, a US green card holder and former Columbia University student, for alleged ties to Hamas, prompting protests and raising concerns about free speech on college campuses. The arrest follows President Trump's executive order targeting antisemitism and the ...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of Mahmoud Khalil's arrest for freedom of speech on US university campuses?

Mahmoud Khalil, a US green card holder and former Columbia University student, was arrested by immigration agents and faces deportation based on an executive order prohibiting antisemitism. The Department of Homeland Security alleges his activities aligned with Hamas. A judge temporarily blocked deportation pending a hearing.

smh.com.au

🌐 85% Global Worthiness

Mar 11, 07:13

TMK Energy Sets Record Gas Production in Mongolia

TMK Energy in Mongolia achieved record gas production of 9100 cubic meters at its Pilot Well project in March, a 14% increase from February and 40% from January, driven by three new wells and improved reservoir management, positioning it as a potential key player in regional energy and a cleaner alt...

TMK Energy Sets Record Gas Production in Mongolia

TMK Energy in Mongolia achieved record gas production of 9100 cubic meters at its Pilot Well project in March, a 14% increase from February and 40% from January, driven by three new wells and improved reservoir management, positioning it as a potential key player in regional energy and a cleaner alt...

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Affordable and Clean Energy

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What are the immediate impacts of TMK Energy's record gas production in Mongolia?

TMK Energy's Pilot Well project in Mongolia achieved record gas production of 9100 cubic meters in March, a 14% increase from the previous month and a 40% increase from January. This success is attributed to three new wells coming online and improved reservoir management.

Showing 373 to 384 of 2,005 results