Latest news with #50
Business Recorder
4 hours ago
- Business
- Business Recorder
Australian shares rise on mining and gold boost; Insignia jumps on takeover deal
Australian shares rose on Tuesday, helped by mining and gold stocks, as investors awaited minutes of the central bank's latest policy meeting for rate cues, while Insignia Financial jumped after agreeing to an A$3.3 billion takeover bid. The S&P/ASX 200 index climbed 0.3% to 8,692.5 by 0030 GMT, after closing 1% lower on Monday. The Reserve Bank of Australia (RBA) will release later in the day minutes of its July policy meeting where it may offer some insights into a rare split among policymakers before deciding to hold interest rates steady at 3.85%. A surprisingly soft jobs report last week has seen markets move to price a 90% chance that the central bank will cut rates next month. On the resources-heavy bourse, miners led the charge with a 2.4% rise, after iron ore futures closed higher overnight. Top miners BHP and Rio Tinto climbed 2.5% and 2.2%, respectively, while Fortescue advanced 2.1%. Gold stocks gained 3.1%, after bullion prices hit a five-week high overnight. Gold miner Northern Star Resources rose 2.7%, while Genesis Minerals advanced 5.7%. Limiting the benchmark index's gain, financials slipped 0.6%, while energy stocks declined 0.7%, tracking weakness in oil prices. Among individual stocks, Insignia Financial jumped 16% after the wealth manager agreed to an A$3.3 billion ($2.15 billion) takeover by investment manager CC Capital Partners. Champion Iron advanced 4.6% after the company said Nippon Steel and Sojitz Corp would invest an initial C$245 million ($179.08 million) in its Kami iron ore project in Canada for an aggregate 49% interest. New Zealand's benchmark S&P/NZX 50 index fell 0.7% to 12,874.11.
Business Journals
10 hours ago
- Business
- Business Journals
Sarepta bows to FDA pressure, pulls Duchenne therapy from market
2025 Power 50 The Boston Business Journal's Power 50, "The Movement Makers," focuses on those in the Boston-area business community who demonstrate the most influence on making both their company and the region a better place for everyone in it.
Daily Mirror
a day ago
- Daily Mirror
'Check smallprint' warning after balcony plunge dad hit by 'booze clause'
Sam Hudson, 24, was on a 'typical lads' holiday' in Ayia Napa, Cyprus, when he fell 30ft from a balcony at the Anmaria Beach Hotel after trying to jump between two balconies The family of a British holidaymaker who cheated death after tumbling four storeys whilst attempting to climb between hotel balconies in Cyprus are demanding a law change. Sam Hudson, 24, was enjoying a 'typical lads' holiday' in Ayia Napa alongside his brother and a mate when he plummeted 30ft (9m) from a balcony at the Anmaria Beach Hotel. The father-of-one, from Lincoln, has absolutely no recollection of the terrifying accident - though it's understood he had been attempting to leap between two balconies whilst intoxicated. He sustained a shattered pelvis, fractures to the L4 and L5 vertebrae in his spine, and a broken leg, before being rushed to hospital for urgent treatment. Sam hadn't arranged travel insurance before his getaway, meaning he was hit with enormous hospital bills. Do you have a travel story to share? Email webtravel@ Nevertheless, the decorator has since learnt that even with travel insurance, he wouldn't have been protected as he had consumed more than four pints at the time of the incident. Consequently, Sam and his step-mum are attempting to highlight the restrictions of travel insurance - and reform the law so that it becomes compulsory for all tourists. They are also urging people to obtain a UK Global Health Insurance Card (GHIC) before travelling - which helped cover some treatment expenses. Sam's step-mum Karen, 52, said: "The boys had all been drinking at a pool party but Sam went back to the hotel early. "When his brother Nathan and friend Alfie returned, they were faced with police who told them there had been an accident. Nathan rang us and he was just beside himself. He said that Sam had fallen off a balcony and was in hospital. "It's every parent's worst nightmare. You go through all sorts of emotions and your mind is racing. I was just thinking: 'Is he alive? What was he doing?' Your heart just instantly sinks." Karen and Sam's father Mike, 56, jetted out to Cyprus the following morning and rushed to see him at Nicosia General Hospital. Karen said: "He was lying in bed strapped to all of the monitors. "He was in tremendous agony - crying out in pain. I asked if they could give him more painkillers but I was told he was on the maximum he could receive." Sam required urgent surgery on his pelvis but his family first had to obtain a GHIC card for him, which took several days. They then turned to frantically attempting to bring him back to the UK - but were informed a medical repatriation flight could cost as much as £50,000. Karen said: "We spoke to the British Embassy who told us it was going to cost around £50,000 to get Sam home. That's a lot of money - and money that we don't have. So I asked, 'What do families do?' And they told us a lot of people start a GoFundMe. "But we didn't want to do that. We didn't want to sponge off people." Nevertheless, the situation shifted for the family when they finally managed to speak to Sam. Karen said: "We can't fault the care Sam has received but he was really struggling because of the language barrier. "He said to me: 'I just want to get home so the doctors can understand my pain when I'm telling them.' I told him I would do the best I could and so I knew I had to start the GoFundMe." Karen and Mike succeeded in obtaining Sam a GHIC card, which paid for his operation and emergency medical care. They subsequently launched a GoFundMe to meet the expenses of Sam's medical kit, their outgoings and lodging in Cyprus, and whatever was required to bring Sam home. They have collected £5,500 so far. Fortunately though, Sam has now been informed he'll be capable of flying home on a commercial aircraft - but will still require specialist support at additional expense. Karen anticipates he will be home within the coming weeks - once arrangements have been finalised with a hospital in the UK. Once home, Sam will begin rehabilitation and physiotherapy so he can learn to walk again. Meanwhile, Karen is determined to alter the law surrounding travel insurance. She said: "We were shocked to find out that even if Sam had travel insurance - he wouldn't have been covered because he had drunk alcohol. It's one of those things that's in the small print. And I do think that needs looking into. "I know people might think: 'It's his own fault. He was drinking.' And I completely agree. But I think it's unrealistic to think that people will go on holiday and not have a drink. There should be an option with travel insurance to pay more to also be covered in accidents where alcohol has been involved." Karen is advocating for a change in the law to make travel insurance compulsory for all holidaymakers. She stated: "I want to change the law so it's mandatory. For example, when you go to tax a car, it checks your insurance. I think when you book a holiday, you should have to put your travel insurance details and your GHIC Card in, or, it doesn't let you complete the booking." Despite Sam's medical treatment being covered by his GHIC card, Karen estimates that they've spent approximately £8,000 on necessary equipment like a mobility chair and back brace. They've also incurred substantial costs for accommodation to stay near him, as well as flights to and from the UK for Mike to maintain their rental business. The ordeal has inspired Karen to consider establishing a charity to assist other families facing similar circumstances. She shared: "We've raised £5,500 from the GoFundMe so far and we are so grateful. That's gone to equipment, our costs, and trying to get Sam home, and we wouldn't have been able to do all that without the support. "It's made me want to help other families in this position as there is just so much to think about that you don't realise. You're stressed and just trying to be there but you have to think about booking flights, accommodation, and asking the hospital all the right questions. "If someone was there with you to advise you on all that it would make it a lot easier. So I want to look into sorting that soon. Any funds leftover from the GoFundMe will go towards that." Currently, Sam is unable to walk but is expected to start his recovery journey once he begins physiotherapy in the UK. He is eager to return as quickly as possible to see his two-year-old son. To contribute to his GoFundMe, visit this page. To sign Karen's petition for a change in travel insurance law, click here.
Perth Now
2 days ago
- Entertainment
- Perth Now
50 Cent reignites Sean ‘Diddy' Combs feud with AI video mocking rapper's baby oil obsession
50 Cent has reignited his long-running feud with Sean 'Diddy' Combs by posting an AI-generated video mocking the disgraced rap mogul's obsession with baby oil. The 49-year-old rapper, whose real name is Curtis Jackson, shared the video over the weekend on Instagram as Combs, 55, awaits sentencing from a jail cell in New York following his trial, which saw him accused of federal offences including sex trafficking. 50 said alongside his social media clip: 'I didn't know Diddy walked in the Michael Amiri show, when did he make Bond!' The footage posted by the rapper was credited to the Instagram account @Geisha305 and depicted Combs strutting down a fashion runway in a pink dress emblazoned with the Johnson and Johnson baby oil logo. The video is set to the track Baby Oil Freak Off Party by Jody2Good, a song released in 2023 after Diddy's arrest. They were references to evidence which emerged during Combs' trial, which showed how he hoarded hundreds of bottles of baby oil, which were used in his now infamous 'Freak Off' sex parties. Combs was acquitted of the most serious allegations against him — sex trafficking and racketeering — but was found guilty of two lesser charges relating to transportation to engage in prostitution. He is currently in custody in Brooklyn awaiting sentencing on 3 October. 50's caption quickly drew attention, prompting designer Michael Amiri, 47, to comment: 'C'mon 50, don't include me in this.' The post comes after another viral incident involving content creator Armon Wiggins, 38, who faced backlash for dancing shirtless and being sprayed with baby oil outside the courthouse following the verdict in Combs' trial. In an interview with The Trial of Diddy podcast, hosted by journalist Kayla Brantley for the Daily Mail, Armon said: 'In reporting the case, I was trying to take a very eerie, grim situation and turn it into something digestible for people. I wasn't making light of the victims or poking fun at them.' He added: 'We had been there at the trial from start to finish – we were tired and wanted to celebrate making it to the end. I was just vibing with another YouTuber, to be honest with you, and before I knew it, there was a crowd of people with television cameras and lights that circled around me.' Armon denied profiting from the clip, saying: 'I got a lot of hate and lost followers. I said to myself afterwards: I've got to grow up and learn to control the narrative because it was irresponsible.' He continued: 'Even if my fans knew the intent behind it, that doesn't matter when you have 150 cameras out there in a heightened situation. You've got to be smarter than that.' Reflecting on the media's portrayal of his actions, Armon said: 'The amount of baby oil involved in the trial became ridiculous. You can't even say baby oil now without laughing. Really, I was making fun of Diddy – he came across as crazy. How many bottles of baby oil does one person need?'
Time of India
3 days ago
- Business
- Time of India
Industries urge for infrastructure boost to tackle labour shortage
Indore: Associations representing both industries and workers have called for urgent measures to create a more favourable environment for the workforce. Industries stressed the pressing need for improved infrastructure and support systems to retain employees and reduce migration to urban centres. Tired of too many ads? go ad free now Pithampur Audhyogik Sangathan has highlighted the necessity of developing accommodation facilities for approximately 50,000 workers in Pithampur. The orgnisation preisdent Gautam Kothari said, "Commuting from Indore to Pithampur is tiring and time-consuming. Daily, thousands of workers travel from Indore to Pithampur, and enhancing transport facilities, along with providing secure housing and essential services like hospitals and schools, can significantly improve workers' satisfaction and retention. " MPIDC is developing a 1,700 bed working women hostel in Pithampur. A well-built ecosystem in the form of accommodation, transport facilities, and healthcare will attract the workforce and help retain them, said workers' leaders. Indian National Trade Union Congress (INTUC), Madhya Pradesh general secretary Shyam Sunder Yadav said, "The need is to creating a supportive environment that not only attracts new talent, but also encourages existing workers to remain in their positions. It takes more than an hour to travel one side to Pithampur, and long traffic jams make it worse. Accommodation, hospitals, and schools are the basic needs that should be present in any industrial belt. " Industry representatives from Dewas advocated for a strategic approach to workforce development and suggested implementation of a 'hire and train' model, targeting students from Industrial Training Institutes (ITIs) to prepare them according to industry requirements. Tired of too many ads? go ad free now "This model not only addresses the immediate hiring needs but also contributes to a more skilled workforce for the future. We cannot afford to wait while the labour crisis deepens. Establishing these ITIs swiftly is crucial for our long-term growth," said Association of Industries Dewas president Ashok Khandelia. Industry leaders insisted that action must be expedited to set up 22 new ITIs announced by the govt in the 2025 budget announcement. To further support the workforce, establishment of Employees' State Insurance Corporation (ESIC) hospitals within industrial belts has been proposed to provide essential healthcare services to workers, said industries.
