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SBS Australia
4 hours ago
- SBS Australia
HECS debt bill passes through parliament
Millions of students will have their debts reduced, after a HECS debt bill passed through parliament Israel under increasing pressure over Gaza, ahead of US talks in coming hours... Harrison Turner claims Australia's first-ever world championship medal for 200 metre butterfly Three million Australian students will have their education debts reduced, after Labor's highly-anticipated student debt bill passed through Parliament today. The Albanese government introduced the HECS debt bill to cut 20 per cent from existing university and TAFE debts as its first order of business last week. The laws aim to reduce student debt as well as reform the repayment system. The cut will apply to debt levels retrospectively, before the 1 June indexation, but will take a few months for the Australian Tax Office to implement. Balances are expected to be revised by the end of the year, saving students and graduates roughly $16 billion. Israel is under increasing pressure to ease the deepening humanitarian crisis in Gaza, with Canada the latest country to move to recognise Palestinian statehood and a U-S envoy en route to the Middle East. The Trump Administration's representative, Steve Witkoff, is due to arrive in Israel later today for talks on the situation in Gaza. The Israeli military has reported that 220 aid trucks have entered Gaza on Tuesday. UN agencies are calling for 500 to 600 a day, to meet the needs of a population aid agencies say is starving. Canada's intention to recognise Palestinian statehood was announced in recent hours and Prime Minister Mark Carney says it is subject to conditions. "This intention is predicated on the Palestinian Authority's commitment to much-needed reforms, including commitments by its president, Mahmoud Abbas, to reform its governance and to hold general elections in 2026 in which Hamas can take no part and to demilitarize the Palestinian state. Canada will increase its efforts to support strong democratic governance in Palestine and contributions of its people to a more peaceful and hopeful future." The World Health Organisation says it has helped evacuate 47 critically ill patients and 129 of their companions from Gaza this week. United Nations spokesperson Farhan Haq says the Office for the Coordination of Humanitarian Affairs is alarmed by an increase in hunger, disease and displacement in famine-stricken regions of Sudan. The Sudan Doctors Network says thirteen children died of malnutrition-related causes last month in a camp for displaced people in the western Darfur region of Sudan, where civil war has created the world's worst humanitarian crisis. UNICEF reports a 46 per cent increase in the most deadly form of malnutrition among children in Darfur, compared with the same period last year. Aid groups have pleaded for the warring sides to allow in more humanitarian assistance. Mr Haq says the besieged city of Al-Fashir in Darfur is one of the worst-affected sites. "In the besieged city of Al-Fashir, the state capital of North Darfur, local sources report that people are dying from hunger and malnutrition. Community-run kitchens have shut down due to lack of food stocks, and some residents have reportedly resorted to consuming animal feed. These cascading crises demand increased international support. The 2025 response plan seeking $4.2 billion to assist 21 million of the most vulnerable people across Sudan is currently 23 per cent funded.' Millions of people on coastlines across 12 countries, have returned home after being evacuated overnight. A tsunami warning has been downgraded in Japan and Hawaiian authorities are reporting minimal damage, after one of the strongest ever earthquakes was recorded off Russia. Parts of Japan, including Hokkaido Prefecture and the Tohoku region, recorded a 60 centimetre swell. There had been fears of a life-threatening tsunami for a number of countries after the 8.8 magnitude quake, but so far there have been only few minor injuries reported. What could be Australia's heaviest insect has been identified in northern Australia's high altitude rainforests. The supersized stick insect, which is about 40cm long, was discovered in high altitude trees in Millaa Millaa in Queensland's Atherton Tablelands. Identified by James Cook University researchers, the female specimen weighed 44g, significantly heftier than Australia's heaviest insect, the up-to 30g giant wood moth. The next step in identifying and eventually naming the species is finding a male, which is proving difficult, due to the male's significantly smaller size. To sport now and in swimming, 21 year-old Harrison Turner has made history, securing Australia's first world championship medal in the mens' 200-metre butterfly. Taking the bronze medal, Turner toppled a 16-year national record, despite only just scraping into the finals of the event. "If you told me I was gonna win a, sorry a bronze medal at the start of the year with a pb (personal best) of 1.57 (minutes) I would have said nah you're dreaming. So, I am lost for words." Fellow Australian Mollie O'Callahan has also claimed her 10th world title in the 200 metres freestyle.
News.com.au
10 hours ago
- News.com.au
Brad Waters' best bets and value play for Sale races Thursday
Form expert Brad Waters analyses Thursday's Sale meeting, presenting his best bets, value selection and jockey to follow.
News.com.au
2 days ago
- News.com.au
Closing Bell: Market weathers tariff gloom to finish in the green
Energy stocks climb as oil ticks up 2pc ASX rallies late to climb 0.08pc Gold stocks slide despite recovering gold price ASX lifts as clouds part for energy sector The ASX was in a decidedly bad mood today, hanging out in negative territory for the majority of the trading session before recovering in the last half hour. The market closed up 0.08%, crossing into positive territory on a last-minute rally in energy stocks. A 2% uptick in oil prices had the sector yoyo-ing through the day before finally settling in the green to provide some much-needed support for the broader market. Woodside Energy (ASX:WDS) lifted 1.57% and Santos (ASX:STO) added 2%. A little further down the pecking order, alternative energy companies were also moving higher. Green hydrogen firm Provaris Energy (ASX:PV1) climbed 4.55%, and natural hydrogen plays HyTerra (ASX:HYT) and Gold Hydrogen (ASX:GHY) added 5.56% and 1.79% each. The real estate sector was the biggest drag, shedding 0.44% with lesser losses in consumer staples, financials and materials. The EU-US trade deal also applied pressure to the gold price overnight, sliding 0.8% to US$3310 an ounce before recovering most of that in today's session. The ASX All Ords Gold index still fell 0.28%, mirroring the larger materials sector despite a small uptick in resource stocks. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap BEO Beonic Ltd 0.32 49% 219661 $15,235,117 HLX Helix Resources 0.002 33% 2745339 $5,046,291 NAE New Age Exploration 0.004 33% 6000000 $8,117,734 B4P Beforepay Group 2.18 33% 204334 $79,383,074 NOX Noxopharm Limited 0.125 29% 2317923 $28,347,081 SCP Scalare Partners 0.16 28% 293110 $5,229,378 EVG Evion Group NL 0.038 27% 3075443 $13,047,599 HFR Highfield Res Ltd 0.195 26% 625545 $73,481,942 D3E D3 Energy Limited 0.335 24% 565977 $21,458,252 BSA BSA Limited 0.09 23% 15510313 $5,496,919 HCT Holista CollTech Ltd 0.089 22% 1138344 $24,458,551 BDG Black Dragon Gold 0.06 20% 722759 $15,898,303 EE1 Earths Energy Ltd 0.006 20% 100000 $2,649,821 FBR FBR Ltd 0.006 20% 7267046 $28,447,261 SKK Stakk Limited 0.006 20% 83333 $10,375,398 1TT Thrive Tribe Tech 0.0095 19% 791210 $812,691 BM8 Battery Age Minerals 0.07 19% 6584846 $8,956,308 CHM Chimeric Therapeutic 0.0035 17% 4244892 $9,747,370 ENV Enova Mining Limited 0.007 17% 407721 $8,745,600 TON Triton Min Ltd 0.007 17% 607569 $9,410,332 TSL Titanium Sands Ltd 0.007 17% 228039 $14,068,483 GRV Greenvale Energy Ltd 0.051 16% 371924 $23,952,427 AUZ Australian Mines Ltd 0.008 14% 1314681 $11,977,085 AX8 Accelerate Resources 0.008 14% 506793 $5,720,321 BLU Blue Energy Limited 0.008 14% 125000 $12,956,815 In the news… LiDAR-based logistics company Beonic (ASX:BEO) has secured a contract to deploy its passenger flow management technology across seven major international airports in north Africa. BEO reckons the contract is worth about $10.6m over its 2.5-year term, with an option to extend for another three years. The company is already operating in the London Heathrow, JFK Terminal 4, Narita and Abu Dhabi airport hubs. Evion Group's (ASX:EVG) Maniry graphite project has joined an exclusive group of 13 non-EU projects acknowledged by the European Commission's Strategic Projects initiative under the Critical Raw Materials Act. It's a big nod to the project's chops, confirming it as a strategic source of natural graphite at a time when China – the world's number one producer – is throttling international supply. Technical services company BSA (ASX:BSA) delivered $286.8m in revenue for FY2025, a 7% uptick compared to last year. While that's a solid performance by anyone's standards, the company is warning of some serious headwinds on the horizon. BSA was unsuccessful in a new bid on a contract with the NBN, and its smart metering contracts with Intellihub and Bluecurrent are winding down to just about nothing by next year. As those contracts represented 92% of BSA's yearly revenue, the company is aggressively restructuring in an effort to keep the ship afloat, but it's not going to be an easy road. Direct-to-consumer lending firm Beforepay (ASX:B4P) has grown in leaps and bounds this quarter, achieving a 113% increase in quarterly net profit after pulling in $2.4m. Year-on-year revenue is also up 15% to $10.4m and active users have increased 12% to just under 270,000. CEO Jamie Twiss said he "couldn't be happier with this result; it's the perfect way to end a strong financial year.' ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap ECT Env Clean Tech Ltd. 0.2 -3333% 70167018 $12,046,306 DTM Dart Mining NL 0.3 -2500% 9197764 $4,792,222 EDE Eden Inv Ltd 0.15 -2500% 1100500 $8,219,762 SFG Seafarms Group Ltd 0.15 -2500% 400001 $9,673,198 LM1 Leeuwin Metals Ltd 11 -2414% 1202325 $14,616,926 ANR Anatara Ls Ltd 0.7 -2222% 5143866 $1,920,454 GLA Gladiator Resources 0.7 -2222% 1100000 $6,824,671 PRX Prodigy Gold NL 0.2 -2000% 1421349 $15,875,278 QXR Qx Resources Limited 0.4 -2000% 936755 $6,551,644 RDN Raiden Resources Ltd 0.4 -2000% 3275000 $17,254,457 VRC Volt Resources Ltd 0.4 -2000% 1716667 $23,424,247 KZR Kalamazoo Resources 9.1 -1727% 7641683 $24,133,287 1AI Algorae Pharma 0.5 -1667% 2991398 $10,124,368 BYH Bryah Resources Ltd 0.5 -1667% 139990 $6,171,195 TMX Terrain Minerals 0.25 -1667% 3666666 $7,595,443 IFG Infocusgroup Hldltd 1.6 -1579% 3441552 $5,546,844 GRL Godolphin Resources 1.1 -1538% 100000 $5,835,353 RPG Raptis Group Limited 20.5 -1458% 271844 $84,164,365 KOB Kobaresourceslimited 3.6 -1429% 181858 $8,344,207 AKN Auking Mining Ltd 0.6 -1429% 1379280 $4,816,814 ATV Activeportgroupltd 1.2 -1429% 1621803 $9,617,679 FCT Firstwave Cloud Tech 1.5 -1429% 105900 $29,986,577 NES Nelson Resources. 0.3 -1429% 300000 $7,601,747 RKT Rocketdna Ltd. 1.2 -1429% 1189554 $12,817,325 SP3 Specturltd 1.2 -1429% 205778 $4,436,602 IN CASE YOU MISSED IT St George Mining (ASX:SGQ) has delivered a 30kg bulk sample from its Araxá project to a Brazilian government-backed supply chain program. CuFe (ASX:CUF) has unveiled a scoping study highlighting the strong economics of the Orlando open pit cutback within its 55%-owned Tennant Creek copper-gold project in the Northern Territory. Aroa Biosurgery (ASX:ARX) recorded its third consecutive quarter of positive net cash flow since listing on the ASX in July 2020 and has reaffirmed FY26 revenue guidance. DY6 Metals (ASX:DY6) has kicked off a soil sampling program to guide maiden auger drilling at its Central rutile project in Cameroon. Pancontinental Energy (ASX:PCL) has increased both the potential scale and geological chance of successfully finding oil at its PEL 87 project in the Orange Basin offshore Namibia. Loyal Metals (ASX:LLM) is using modern exploration including a high-tech geophysics drone survey to identify new copper-gold targets. Victory Metals (ASX:VTM) has produced a high-value, mixed rare earth oxide at its North Stanmore project in Western Australia. Resolution Minerals (ASX:RML) has enlisted two Trump-affiliated firms to back its Horse Heaven antimony-tungsten project in proposed Nasdaq listing. Trading Halts Astute Metals (ASX:ASE) – cap raise Catalina Resources (ASX:CTN) – exploration results IRIS Metals (ASX:IR1) – cap raise Noviqtech (ASX:NVQ) – quantum computing deal and cap raise Prescient Therapeutics (ASX:PTX) – cap raise Sequoia Financial Group (ASX:SEQ) – price query response Strategic Energy Resources (ASX:SER) – cap raise TechGen Metals (ASX:TG1) – cap raise At Stockhead, we tell it like it is. While HyTerra is a Stockhead advertiser, it did not sponsor this article.
