
Renewed hope for Afghans resettling in Australia on anniversary of fall of Kabul
"I'm rather hoping that the government will streamline this process so there can be expedited for people who are still here four years out, so deserving of Australia's protection for the service they gave us in Afghanistan during our 20 year occupation."
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Perth Now
19 hours ago
- Perth Now
Asia shares slip, dollar steadies ahead of Jackson Hole
Shares in Asia have fallen, weighed down by a tech-led selloff on Wall Street, while the dollar gained some ground ahead of a key meeting of central bankers later in the week. Oil prices inched higher after falling in the previous session, as traders bet that talks over a possible agreement to end the war in Ukraine could ease sanctions on Russian crude oil, boosting global supply. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.47 per cent, as did stock futures in Europe and the US. EUROSTOXX 50 futures slid 0.55 per cent, while DAX futures lost 0.5 per cent and FTSE futures eased 0.14 per cent. S&P 500 futures dipped 0.2 per cent and Nasdaq futures lost 0.34 per cent, extending its fall from the cash session overnight. "The S&P 500 and Nasdaq slumped overnight as investors ditched high-flying tech stocks with their lofty valuations," said Tony Sycamore, a market analyst at IG. Adding to headwinds for the sector, news that Nvidia and AMD have agreed to give the US government 15 per cent of the revenues from chip sales in China, as well as reports that the US is considering taking a 10 per cent stake in Intel, have stoked investor worries of the Trump administration's growing influence on tech companies. Sources also told Reuters that US Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country. "These developments signal that US government is heading in a concerning and more interventionist direction," said Sycamore. Other bourses in Asia were similarly in the red on Wednesday, with Japan's Nikkei down 1.2 per cent, while China's CSI300 blue-chip index fell 0.5 per cent. Much of investors' attention at the start of the week was on a meeting between US President Donald Trump, Ukrainian President Volodymyr Zelenskiy and a group of European allies over the Russia-Ukraine war. While the talks concluded without much fanfare, Trump said the US would help guarantee Ukraine's security in any deal to end Russia's war there. He later said on Tuesday that the US might provide air support to Ukraine, while ruling out putting US troops on the ground. "The US is not categorically underwriting anything, any security for Ukraine, even if they're open to provide some, because we don't know the conditions under which they will. So there's quite a bit of risk left out there," said Vishnu Varathan, head of macro research for Asia ex-Japan at Mizuho. Oil prices recovered after a fall in the previous session, with Brent crude futures last up 0.46 per cent at $US66.09 ($A102.23) a barrel. US crude advanced 0.6 per cent to $US62.72 ($A97.02) per barrel. All eyes are now on the Kansas City Federal Reserve's Thursday-to Saturday Jackson Hole symposium, where Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework on Friday. Focus will be on what Powell says about the near-term outlook for rates, with traders almost fully pricing in a rate cut next month. "Given the apparent tensions between US CPI and PPI data, (it) does come across as... premature to declare one way or the other. And most importantly, given this kind of dilemma embedded within the data, it is hard to decipher whether the Fed would take or would emphasise the risks that start to mount on the job side of the equation or (the) need to sit firm," said Mizuho's Varathan. Ahead of the gathering, the dollar firmed slightly, pushing the euro down 0.13 per cent to $1.1633, while sterling fell 0.16 per cent to $1.3470. The New Zealand dollar eased 0.17 per cent to $0.5885 ahead of a rate decision by the Reserve Bank of New Zealand due shortly on Wednesday, where a rate cut is expected. Elsewhere, spot gold fell 0.07 per cent to $US3,312.89 ($A5,124.46) an ounce.

ABC News
21 hours ago
- ABC News
At least 71 die in bus crash involving Afghans deported from Iran
A passenger bus carrying migrants recently returned from Iran has collided with a truck and a motorcycle in western Afghanistan, killing 71 people. The accident occurred late on Tuesday in Herat province. Among the people killed were 17 children, provincial government spokesperson Ahmadullah Muttaqi said. Police in Herat province said the accident was caused due to the bus's "excessive speed and negligence" on a road outside Herat city in Guzara district. The bus was carrying Afghans recently returned from Iran and en route to the capital, Kabul, provincial governor spokesperson Mohammad Yousuf Saeedi told AFP. "All the passengers were migrants who had boarded the vehicle in Islam Qala," said Mr Saeedi, referring to a border crossing point. A massive wave of Afghans has returned from Iran in recent months after Tehran initiated a pressure campaign to force millions of migrants to leave. More than 1.6 million people have returned to Afghanistan since the start of this year from Iran and Pakistan, which have long hosted millions of Afghans fleeing decades of war and humanitarian crises, according to the United Nations migration agency. Police in Guzara district said a motorcycle was also involved in the accident on Tuesday night. The bus first collided with the motorcycle, then hit the truck, which was carrying fuel, police said, adding that the collision sparked a fire. Three bus passengers survived, according to police. Two people travelling in the truck and another two on the motorcycle were among the dead. An AFP journalist at the site saw the burnt shell of the bus on the road hours after the accident, along with the broken remains of the two other vehicles. Traffic accidents are common in Afghanistan, due in part to poor roads after decades of conflict, dangerous driving on highways and a lack of regulation. In December last year, two bus accidents involving a fuel tanker and a truck on a highway through central Afghanistan killed at least 52. Reuters/AFP

ABC News
a day ago
- ABC News
NSW education aiming for equity of access to selective schools but numbers of disadvantaged students remain low
Anika and Shivin Gupta are keen to get into year seven at two Sydney selective public schools in 2026. As the children of post-graduate educated parents, and residents of Sydney's north west, they are typical of students applying to NSW selective schools. These prestigious public schools, which dominate the HSC distinguished achievers list alongside the top private schools, award places to only one in four of 18,000 applicants. The NSW government implemented a fair access model in 2022 to allocate 20 per cent of selective school places to students from disadvantaged backgrounds. "For placement in year 7 in 2025, 21.5 per cent of all accepted selective high school places were by students from under-represented groups," NSW Department of Education Deputy Secretary Martin Graham said. With an ABC analysis showing that just 2 per cent of students in most of NSW's 21 fully selective schools in 2024 came from the lowest educationally advantaged group, these schools have a long way to go to achieve equitable access. In Australia, selective public schools that take only gifted students based on an academic entrance test is mainly a NSW phenomenon. There are 21 fully selective schools and 27 partially selective NSW government high schools. Christina Ho, an associate professor in social and political sciences from the University of Technology Sydney, said fully selective high schools dominate the HSC leader boards each year, in many cases outshining prestigious independent schools. "In NSW, selective schools have become like the the jewel in the crown of public education," she said. Dr Ho said all high potential students should have a chance to get into selective schools, regardless of family background. Educational advantage is measured by the education and occupation of a student's parents by the Australian Curriculum Assessment and Reporting Authority. It is associated with how well students perform on the standardised NAPLAN tests. Around 2 per cent of students in the 21 fully selective schools are from the lowest educationally advantaged quartile, up from 1 per cent in 2018. Two rural agricultural boarding schools, where around a quarter of students are from the lowest educationally advantaged group, are the exceptions. The Index of Community Socio-educational Advantage (ICSEA) measures the socio-educational advantage of every school. Nearly half of the top 20 most advantaged schools in NSW are fully selective public schools, alongside the state's most prestigious private schools. "They're [the selective schools] designed to be much more open and accessible than that and obviously we've gotten to a stage where it's nowhere near that," Dr Ho said. The 20 per cent of students from under-represented groups who were accepted in 2025 were spread across fully and partially selective schools, but NSW education did not confirm the breakdown between the two categories. The under-represented groups include Indigenous, rural and remote, disabled students and those from low socio-educationally advantaged areas. Mohit Gupta, father of Anika and Shivin, said the twins were keen to go to a selective school because it was what other children at their primary school were aiming for. The Gupta family live in West Pennant Hills in Sydney's Hills Shire, where large numbers of selective school applications are concentrated. More than 2,100 of the around 18,000 selective school applications came from The Hills Shire in 2024, compared with around 900 in the Liverpool Local Government Area. Dr Ho said the distribution of applicants was not surprising and the NSW government needed to do more to target families in Western Sydney. "There is so much talk about about this [the selective school test] in those kinds of areas, which makes it really normalised for everyone's doing it. You don't really want to miss out," she said. Mr Gupta's children were caught up in the selective school testing debacle in May that meant the twins' test had to be rescheduled. A 2018 review of the test by NSW education found there were unintended barriers in the testing process that deterred students from disadvantaged groups. Nearly 60 per cent of students who applied to sit the test had parents with Bachelor degrees or above, while only 11 per cent had parents with no post-school education. Mr Gupta said his children attended a coaching institute for a few months before the test because their peers at school were doing it. "I don't think any kid can go without preparation to the exam anymore. It's too methodical right now where there has to be some tuition and some tutoring on how to master it," he said. Reforms following the 2018 review were designed to reduce "coachability" of the test. Dr Ho said families were investing tens of thousands of dollars in private tutoring to get their children accepted. "The resources that you now need to invest to to be successful in the test really undermines their accessibility as public schools," she said. The department runs an advertising campaign to promote applications and specifically targets students in equity groups and engages with schools to ensure they are promoting applications to parents. "The NSW Government is working to expand high potential and gifted education offerings in all NSW public schools, to ensure every student is challenged to meet their full potential," Mr Graham said.