logo
Albanese Gets Rare Chance to Fix Australia's Economy

Albanese Gets Rare Chance to Fix Australia's Economy

Bloomberg04-05-2025

Good morning and welcome back, it's Ainsley here with everything you need to know as the dust settles on the election.
Today's must-reads:
• Albanese's chance to fix the economy
• Australian assets may get post-election boost
• Westpac CEO sees rate-cut relief
Prime Minister Anthony Albanese shocked Australia by securing an historic win in Saturday's election. Now the question is whether he'll use that mandate to push through tough measures to overhaul the nation's economy. His center-left government has the best chance in years to take the hard steps economists have called for to ignite growth.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dozens Of Journalists Targeted, Shot, Detained While Covering LA Protests, Press Org Says
Dozens Of Journalists Targeted, Shot, Detained While Covering LA Protests, Press Org Says

Yahoo

time44 minutes ago

  • Yahoo

Dozens Of Journalists Targeted, Shot, Detained While Covering LA Protests, Press Org Says

Shocking video and photos taken amid the ongoing immigration protests in Los Angeles show journalists and news crews being shot, detained and forced off public property by law enforcement, raising concerns of excessive force and First Amendment rights violations. There have been more than 30 incidents of police violence against journalists as of Tuesday, including 20 injuries, at least five of which required emergency room or urgent care visits, said Adam Rose, the press rights chair with the Los Angeles Press Club, which released a statement Monday urging an end to the targeting of journalists whose work is constitutionally protected. The list of injuries includes a freelance photojournalist requiring emergency surgery Sunday night after being shot in the leg with a three-inch piece of plastic that he believes was designed to be shot and explode above a crowd. Graphic photos shared with HuffPost show a gaping wound in Nick Stern's right thigh that he said has left him unable to walk or move without assistance. 'Why this device was shot at human, kind of, waist high level, I do not know. The people around me at that time was doing nothing more than waving Mexican flags,' he told HuffPost. Stern, who said he has three decades of experience photographing public protests, including in Europe, Asia, Africa, and the George Floyd protests in 2020, expressed concern that people may die from the excessive use of force that he witnessed and experienced firsthand. 'I never thought for one moment that I'd actually have to be fearful of law enforcement during a public protest but that seems to be where the danger to journalists comes from,' he said. Also Sunday, photographer Toby Canham said he was shot in the forehead with a rubber bullet while snapping pictures of law enforcement gathered along a highway. The British Army veteran, who was on assignment for the New York Post, photographed the projectile flying at him split seconds before it hit him in the head. He was treated for whiplash and neck pain at a local hospital Monday, the Post reported. 'It's a real shame. I completely understand being in the position where you could get injured, but at the same time, there was no justification for even aiming the rifle at me and pulling the trigger, so I'm a bit pissed off about that, to be honest,' he told the paper, while sharing photos of his bloodied head. Australian broadcast journalist Lauren Tomasi had just finished reporting live from Los Angeles' downtown area on Sunday when her news outlet, 9 News, reported that an officer turned his gun toward her and fired a rubber bullet from close range. Video shows Tomasi jumping and yelling in pain. Australia's Department of Foreign Affairs immediately joined in on condemning the shooting, stating 'that all journalists should be able to do their work safely.' CNN's Jason Carroll was also reporting live from the scene on Monday when cameras captured him being detained by officers with his hands bound behind his back. Another video posted by reporter Sergio Olmos shows Carroll and a videographer being violently shoved by police while they're standing along a sidewalk. Similar videos posted on social media show journalists being shoved, shot and pushed out of public areas despite audibly identifying themselves as members of the press. The LA Press Club joined several press freedom organizations Monday expressing concern to Homeland Security Secretary Kristi Noem that federal officers are violating journalists' First Amendment rights while they cover the protests. 'In some cases, federal officers appear to have deliberately targeted journalists who were doing nothing more than their job covering the news,' a letter addressed to Noem by the organizations states. 'Under the First Amendment, journalists who are merely reporting on events and not interfering with federal operations cannot be subject to general dispersal orders and 'cannot be punished for the violent acts of others,' and the 'proper response' to any unlawful conduct is 'to arrest those who actually engage in such conduct, rather than to suppress legitimate First Amendment conduct as a prophylactic measure,'' the letter continues. Rose told HuffPost they have not received a response from DOH as of Tuesday. Noem's office also did not immediately respond to HuffPost's request for comment. Trump Sets National Guard On Los Angeles As Protesters Counter Immigration Raids: Live Updates CNN Journalist Reports On Being 'Detained' By Police As It Happens Reporter Gets Hit By Rubber Bullet At LA Protest, Sparking Shock Allegation FBI Puts LA Protester On 'Most Wanted' List As Government Threatens Crackdown

Australia's Qantas to close low-cost arm Jetstar Asia
Australia's Qantas to close low-cost arm Jetstar Asia

Yahoo

timean hour ago

  • Yahoo

Australia's Qantas to close low-cost arm Jetstar Asia

(Reuters) -Australian flag carrier Qantas said on Wednesday it will close Jetstar Asia, the group's Singapore-based low-cost unit, in a bid to recycle up to A$500 million ($326.40 million)as part of its fleet renewal plans. Qantas said that 13 Jetstar Asia Airbus A320 aircraft will be progressively redeployed to Australia and New Zealand. Jetstar Asia continues to be negatively affected by rising supplier costs, high fees at airports and rising competition in the region. "This has fundamentally challenged the low-cost airline's ability to deliver returns comparable to the stronger performing core markets in the group," Qantas said. Jetstar Asia is currently expected to post an underlying EBIT loss of A$35 million in the current financial year. The airline will cease operating on July 31 and will continue flights for the next seven weeks. ($1 = 1.5319 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store