logo
Aussie council backflips on 'blunderous' decision that shocked city shoppers

Aussie council backflips on 'blunderous' decision that shocked city shoppers

Yahoo23-04-2025

An Australian city council has backflipped on a 'blunderous' plan that resulted in hundreds of birds crashing into windows along its most popular shopping strip, leaving shoppers shocked.
Stores operated by Optus and Apple became inundated with tiny migratory tree martins after the City of Adelaide netted nearby trees to stop them roosting above cafes and restaurants, forcing the birds to relocate.
Yesterday's council meeting was dominated by the issue of the birds, with passionate councillors discussing their plan to address the problem for over 45 minutes. It followed an announcement by the mayor that four of the nine nets on busy Leigh Street would be removed on Wednesday. But five would remain in place to deter the birds from settling above businesses that have complained about their poo covering the street.
While wildlife rescuers have welcomed the council's announcement, frontline responders who have been collecting injured birds want it to go a step further. 'There's no point removing just some of the nets, we want them all gone,' rescuer Rachel Anderson told Yahoo News.
Every year, around 10,000 tree martins migrate to Adelaide from the Northern Territory, Indonesia and Papua New Guinea. And for a decade, they'd been settling in trees planted by council along Leigh Street.
After the trees were netted, the birds were left with little choice but to settle along busy Rundle Mall. When the birds began crashing into Apple's windows and flying into the Optus store, council adjusted lighting along the busy shopping strip. This dramatically reduced the number of birds becoming disorientated and crashing into windows.
The netting of the trees pleased cafe owners but outraged environmentalists, with the Australian Conservation Council saying people's amenity had been put above the welfare of the birds. "This is an ill-thought-out and blunderous decision by the City of Adelaide," it said.
Footage captures 'nightmare' problem outside Aussie Apple store
Aussie shoppers shocked as 'hundreds' of birds die in front of Apple store
Australia blasted for 'sniper shooting' hundreds of koalas
Now the city is working on finding a balance between human and wildlife needs, with councillor calling the bird's presence "amazingly exciting" at last night's meeting. "I didn't even know what a tree martin was before I joined this council," she said.
Another even suggested the tree martins could become a popular attraction. "In America... they had a problem with bats and turned that into a significant tourist destination," he said, referencing Austin, Texas.
Love Australia's weird and wonderful environment? 🐊🦘😳 Get our new newsletter showcasing the week's best stories.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

High Growth Tech Stocks in Australia for June 2025
High Growth Tech Stocks in Australia for June 2025

Yahoo

time25 minutes ago

  • Yahoo

High Growth Tech Stocks in Australia for June 2025

As the Australian market flirts with fresh intraday records, particularly with the ASX200 hovering around 8,650 points, investor sentiment appears cautiously optimistic despite recent volatility in the tech sector. In this environment, identifying high growth tech stocks requires a keen eye for companies that can navigate market fluctuations and capitalize on emerging opportunities, making them potential standouts amidst broader economic uncertainties. Name Revenue Growth Earnings Growth Growth Rating Gratifii 42.14% 113.99% ★★★★★★ Pro Medicus 22.19% 23.49% ★★★★★★ WiseTech Global 20.15% 25.52% ★★★★★★ Wrkr 57.01% 116.83% ★★★★★★ AVA Risk Group 29.15% 108.15% ★★★★★★ BlinkLab 65.54% 64.35% ★★★★★★ Echo IQ 61.50% 65.86% ★★★★★★ Immutep 70.42% 42.39% ★★★★★☆ Adveritas 52.34% 88.83% ★★★★★★ SiteMinder 19.81% 70.04% ★★★★★☆ Click here to see the full list of 47 stocks from our ASX High Growth Tech and AI Stocks screener. We'll examine a selection from our screener results. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Energy One Limited offers software solutions, outsourced operations, and advisory services for wholesale energy and environmental markets across Australasia and Europe, with a market cap of A$468.08 million. Operations: Energy One Limited generates revenue primarily from its energy software industry segment, amounting to A$55.81 million. The company operates within the wholesale energy, environmental, and carbon trading markets in Australasia and Europe. Energy One, recently added to the S&P/ASX All Ordinaries Index, showcases robust growth dynamics within Australia's tech sector. With a remarkable 273.3% earnings increase over the past year, significantly outpacing the software industry's average of 5.6%, Energy One demonstrates strong market performance and potential for sustained growth. This is further underscored by its forecasted annual earnings growth of 42%, which eclipses the broader Australian market's expectation of 11.6%. However, it is crucial to note significant insider selling in recent months which may warrant cautious optimism among investors. Despite this, with a solid return on equity projected at 15.5% in three years and positive free cash flow status, Energy One stands as a compelling case of a company leveraging high-quality earnings and strategic market positioning to potentially shape future industry standards. Click here to discover the nuances of Energy One with our detailed analytical health report. Review our historical performance report to gain insights into Energy One's's past performance. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Infomedia Ltd is a technology company that develops and supplies electronic parts catalogues, service quoting software, and e-commerce solutions for the automotive industry globally, with a market cap of A$471.74 million. Operations: Infomedia generates revenue primarily through its publishing segment, specifically in periodicals, amounting to A$142.41 million. The company focuses on providing digital solutions for the automotive industry worldwide. Infomedia, navigating the competitive tech landscape in Australia, has demonstrated notable financial agility with a significant 61.3% earnings growth over the past year, outperforming the software industry average of 5.6%. This growth trajectory is supported by an aggressive R&D investment strategy, crucial for maintaining its edge in innovation and service delivery in automotive software solutions. The company's revenue is also on an upward curve at 6.9% annually, surpassing the broader Australian market's growth rate of 5.6%. Despite recent executive changes that saw Joanne Hawkins resign as Company Secretary and Jon Brett step down as Chair due to health reasons, Infomedia's robust forecasted annual earnings growth of 19.9% and a promising return on equity projection of 21.7% position it well for future expansion within this dynamic sector. Navigate through the intricacies of Infomedia with our comprehensive health report here. Evaluate Infomedia's historical performance by accessing our past performance report. Simply Wall St Growth Rating: ★★★★★☆ Overview: SiteMinder Limited develops, markets, and sells online guest acquisition platforms and commerce solutions for accommodation providers globally, with a market cap of A$1.32 billion. Operations: The company's primary revenue stream comes from its software and programming segment, generating A$203.65 million. SiteMinder, a trailblazer in the Australian tech scene, is capitalizing on the global shift towards digital hospitality solutions. With an impressive 19.8% annual revenue growth and a projected earnings surge of 70% per year, the company is strategically investing in R&D to innovate further and stay ahead in the competitive market. This focus on development has led to significant advancements in their platform, enhancing user experience and efficiency for hotel operators worldwide. Despite not yet being profitable, SiteMinder's robust growth metrics and future profitability projections underscore its potential as a key player in transforming how hotels engage with technology. Dive into the specifics of SiteMinder here with our thorough health report. Understand SiteMinder's track record by examining our Past report. Click this link to deep-dive into the 47 companies within our ASX High Growth Tech and AI Stocks screener. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:EOL ASX:IFM and ASX:SDR. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

Wall Street's rally stalls as US stocks dip for their 1st loss in 4 days
Wall Street's rally stalls as US stocks dip for their 1st loss in 4 days

Los Angeles Times

time25 minutes ago

  • Los Angeles Times

Wall Street's rally stalls as US stocks dip for their 1st loss in 4 days

NEW YORK — Wall Street's rally stalled on Wednesday after U.S. stocks climbed back within 2% of their all-time high. The Standard & Poor's 500 fell 0.3% for its first loss in four days. The Dow Jones Industrial Average was virtually unchanged after edging down by 1 point, and the Nasdaq composite slipped 0.5%. Several Big Tech stocks led the way lower, and a 1.9% drop for Apple was the heaviest weight on the market. It's been listless this week after unveiling several modest upcoming changes to the software that runs its devices. The action was stronger in the bond market, where Treasury yields eased after a report suggested President Trump's tariffs are not pushing inflation much higher, at least not yet. U.S. consumers had to pay prices for food, gasoline and other costs of living that were 2.4% higher overall in May than a year earlier. That was up from April's 2.3% inflation rate, but it wasn't as bad as the 2.5% that Wall Street was expecting. A fear has been that Trump's wide-ranging tariffs could ignite an acceleration in inflation, just when it had seemed to get nearly all the way back to the Federal Reserve's 2% target from more than 9% three summers ago. It hasn't happened, though economists warn it may take months more to feel the full effect of Trump's tariffs. 'Another month goes by with little evidence of tariffs, but the longer-term inflation challenge they pose remain,' according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Financial markets also had only modest reactions to the conclusion of two days of trade talks between the United States and China in London. Trump said Wednesday that China will supply rare-earth minerals and magnets to the United States, while his government will allow Chinese students into U.S. universities in a deal that still needs an agreement by him and by China's leader. Trump also said that 'President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!' Investors are still hoping for a more sweeping trade deal that would ease tensions between the world's two largest economies. Hopes for such deals between the United States and countries around the world have been one of the main reasons the S&P 500 has charged nearly all the way back to its all-time high after dropping roughly 20% below a couple months ago. Without them, the fear is that Trump's high tariffs could drive the economy into a recession while pushing inflation higher. The S&P 500 is now sitting 2% below its record. On Wall Street, Chewy dropped 11% after the seller of pet supplies reported a weaker profit for the latest quarter than analysts had forecast. Expectations were high after its stock had already rallied nearly 37% coming into the day for the year so far. Tesla swung between gains and losses before finishing with a rise of 0.1% to continue its shaky run. It's been recovering much of its big losses taken last week after Elon Musk's relationship with Trump imploded, which in turn raised fears about a loss of business for the electric-vehicle company. Musk on Wednesday backed away from some of his earlier comments and said they went 'too far.' All told, the S&P 500 fell 16.57 points to 6,022.24. The Dow Jones Industrial Average slipped 1.10 to 42,865.77, and the Nasdaq composite sank 99.11 to 19,615.88. In the bond market, the yield on the 10-year Treasury eased to 4.41% from 4.47% late Tuesday. Shorter-term yields, which more closely track expectations for what the Fed will do with overnight interest rates, fell more. Wednesday's better-than-expected reading on inflation raised expectations along Wall Street that the Fed could cut its main interest rate at least twice by the end of the year. The Fed has been keeping interest rates steady so far this year, going on pause after cutting rates at the end of last year. It has been waiting to see how much Trump's tariffs raise inflation because cutting interest rates could push inflation up even more, in addition to giving the economy a boost. 'The Fed could be justified in doing some preemptive rate cuts,' said Brian Jacobsen, chief economist at Annex Wealth Management. 'They were afraid that inflation would rise before growth would slow, but the script has been flipped and they will likely change their tune.' In stock markets abroad, indexes fell across much of Europe after rising in Asia. South Korea's Kospi was one of the best performers and jumped 1.2%. Choe writes for the Associated Press. AP Business Writer Yuri Kageyama contributed.

US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom
US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom

Bloomberg

time2 hours ago

  • Bloomberg

US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom

An economic boom lifted the country of 100 million out of poverty. Then came the Trump rug-pull. It's been several weeks since US President Donald Trump declared his global trade war, but Dinh Ngoc Hien is still busy tending to her stream of customers. One by one, they pluck cigarettes, noodles, eggs and soda from the shelves of her convenience store in Dong Nai, a heavily industrialized province just east of Ho Chi Minh City, Vietnam's business capital. Hien has been here since dawn, and she'll remain after dusk. Then she'll lock up, get on her motorbike and zip through the bustling streets of a place that could have more to lose from Trump's policies than almost any other. The president's 'Liberation Day' tariffs, unveiled on April 2, targeted Vietnam with a 46% rate—one of the highest for any country, threatening to devastate large swaths of its economy. The nominally socialist nation of 100 million has woven itself tightly into global commerce since the late 1980s, when it began allowing free enterprise and started mending its war-ravaged relationship with the US. Adidas, Apple, Intel, Levi Strauss and Samsung Electronics have all set up manufacturing bases here, along with hundreds of other international companies. Today, net exports to the US account for around one fifth of Vietnam's gross domestic product.

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