Latest news with #DavidDoyle
Reuters
07-06-2025
- Reuters
Riot police and anti-ICE protesters square off in LA after raids
Helmeted police in riot gear turned out on Friday evening in a tense confrontation with protesters in downtown Los Angeles, after a day of federal immigration raids in which dozens of people across the city were reported to be taken into custody. David Doyle has more.
Reuters
04-06-2025
- Business
- Reuters
Bank of Canada most likely to hold rates after rise in core inflation, GDP surprise
OTTAWA, June 4 (Reuters) - The Bank of Canada is expected to hold interest rates at 2.75% on Wednesday, with rising core measures of inflation and better-than-expected gross domestic product growth in the first quarter seen pushing policymakers towards a pause. According to a majority of economists in a Reuters poll, the BoC will hold interest rates at its June meeting, but at least two more cuts are likely this year. Economists said the bank will likely adopt a wait-and-see approach as the impact of tariffs imposed by U.S. President Donald Trump plays out on the Canadian economy. "While growth has been soft and the labor market has been deteriorating, firm underlying inflation measures and trade policy uncertainty are likely to give the BoC some pause," said David Doyle, head of economics at Macquarie. Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but closely tracked core measures of inflation rose above the bank's target range of 1% to 3% in the same month. The bank paused its rate-cutting cycle in April after seven cuts in a row, as a 225-basis-point reduction over a space of nine months helped prepare the economy to withstand the impact of tariffs. GDP growth also surprised in the first quarter, taking away some incentive to cut rates, economists said. First-quarter gross domestic product grew by 2.2% on an annualized basis driven by exports to the U.S., data showed last week, helping shrink expectations of a rate cut in June. Currency swap markets show the odds for no cut on Wednesday now stand at close to 78%. However, there are signs that tariff impacts are starting to take a toll on the economy, prompting some economists to call for a cut. Domestic consumption was practically absent in the first quarter, an advance estimate of April GDP was not encouraging and the unemployment rate rose to 6.9% in April, the highest since November. "It would be prudent for the Bank of Canada to cut... to get ahead of what is clearly a weakening economy in Canada," said Randall Bartlett, senior director of Canadian economics at Desjardins.
Reuters
31-05-2025
- General
- Reuters
What do ancient Egyptian mummies smell like?
Scientists have found that ancient Egyptian mummified bodies emit woody, spicy, and sweet aromas, offering fresh insights into the mummification process, practices and materials. David Doyle has more.
Yahoo
21-05-2025
- Business
- Yahoo
Macquarie expects BoC rate cut delay on sticky core inflation
-- Macquarie economist David Doyle now expects the Bank of Canada to begin cutting interest rates in July, rather than June, reflecting stubborn core inflation in April's CPI report. 'These firm data lead us to push out the timing of our next expected cut to July,' Doyle wrote in a note to clients on Tuesday. While headline inflation slowed to 1.7% year-over-year and declined 0.2% on the month, helped by energy prices and the removal of the carbon tax, core measures told a different story. The average of trimmed mean and median CPI accelerated to 3.15% year-over-year, the highest reading since March 2024. 'This was the strongest result since December,' Doyle noted, pointing to the 0.37% monthly increase in core measures as evidence the BoC will want more clarity before moving. Following the data, market-implied odds of a June cut fell from 68% to around 30%. Macquarie still sees 75 basis points of easing from the BoC by year-end, but Doyle believes the central bank will now wait for the updated July Monetary Policy Report before making its next move. 'In our view, the BoC is likely to await more data and assess the outlook with a new MPR forecast in July,' he said. Doyle also highlighted a mix of inflation dynamics: food prices were up 0.5% month-over-month, while shelter inflation remained steady at 0.2%, supported by a 0.7% uptick in rent. He expects overall inflation to moderate unevenly in the months ahead, citing slowing wage growth and rising unemployment, now at 6.9%. Durable goods inflation reaccelerated, while semi-durables fell, and travel services saw a typical post-March rebound. Doyle flagged the potential for tariffs to keep pressure on goods prices, writing that 'upward momentum' may persist despite recent moderation in Canada's retaliatory trade response. Related articles Macquarie expects BoC rate cut delay on sticky core inflation Large U.S. Treasury holders in Asia saying "no" to "sell America" trade - Yardeni Retail earnings ahead, Nvidia CEO on U.S. chip controls - what's moving markets 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
Scoop
29-04-2025
- Health
- Scoop
A New ‘Fishheart' Project Is Combining Science, Community & Indigenous Art To Restore Life In The Baaka-Darling River
Article – The Conversation The rivers health has been suffering, with a number of harrowing mass fish deaths events taking place in recent years. A new state-of-the-art tube fishway technology called the 'Fishheart' has been launched at Menindee Lakes, located on the Baaka-Darling River, New South Wales. The technology – part of the NSW government's Restoring the Darling-Baaka program – will allow native fish to move past large barriers, such as dams, weirs and regulators, when they need to. It's hoped this will help the fish reproduce and survive, and reduce the risk of mass fish deaths in the Baaka. At the same time, meaningful policy reform and implementation can't be achieved without input from First Nations communities. So how do we do this? One creative collaboration on the Fishheart project suggests art may have a big role to play. Distressing images Several deeply distressing mass fish death events have occurred in the river since 2018, with millions of native fish, including golden perch, silver perch and Murray cod, dying due to insufficient oxygen in the water. These events are the outcome of compounding challenges in managing the Murray-Darling Basin, Australia's largest inland river system. The basin, which stretches from Southern Queensland to South Australia, is a water source for some three million people. But the construction of infrastructure such as dams, weirs and regulators has profoundly disrupted the natural processes that once sustained healthy river systems. This disruption has been made worse by ineffective and conflict-ridden governance. The Baaka is a source of life and wellbeing for numerous communities. It should be cared for with the same urgency and coordination as a critically ill patient. If too many doctors or nurses are involved without a clear shared treatment plan, the patient suffers. Likewise, when multiple agencies attempt to manage a sick river, the system can break down. So how can better care be achieved? For Barkindji Elder David Doyle the answer lies in doing it together. Seeking and listening to Aboriginal community Aboriginal peoples have been explaining the importance of Australia's inland rivers for generations. The Aboriginal community at Menindee held protests about the health of the Baaka two years before the first mass fish deaths. Yet their voices and cultural knowledges have not reconfigured river policy. A report by the NSW Office of the Chief Scientist and Engineer into the March 2023 mass fish deaths on the Lower Baaka identified the importance of including Aboriginal cultural knowledges in strategies for fish species regeneration and management. However, according to Barkindji Ngnukuu elder Barbara Quayle, the community's experience of 'consultation' has been a tick-box activity. She says there is no trust that cultural knowledges or community perspectives will actually be listened to. The power of the arts Traditional cultural knowledges are often held and expressed through various artforms, from story, to dance, to gallery arts. Within rural and remote communities, the arts and art-making create conditions that can help people work together to address complex issues. In fact, there's a long history of the arts being used to address social conflict. Can the Fishheart help prevent fish kills? We don't know. But the Barkindji community's artistic input in the project is enabling a more integrated approach to finding out. Elders and community members have come together with regional arts organisation, The Cad Factory, and the NSW Department of Primary Industries and Regional Development's Fisheries branch, to design traditional knowledge-inspired art for the Fishheart pipes. The project has brough together Barkindji Elders and community members, regional arts workers, state department employees and members of the team behind the Fishheart technology. Vic McEwan, Author provided (no reuse) This art was painted onto the pipes by members of Barkindji community over the past month. Other community art, including collaborations with the local school, was also placed around the site. Making the art gave everyone involved the time, space and tools to consider and discuss the project. We learned how the Fishheart technology is inspired by the human heart, with tubes resembling 'veins' and 'arteries' that can take fish in and 'pump' them over barriers through a siphon effect, letting them circulate throughout the river. We discussed important details on how this technology works, which includes using artificial intelligence used to detect fish in the pipes and collect real-time data and photos of the migration. We also considered how we might further care for the river, by potentially allowing the removal of invasive species, or monitoring for diseases. The project also provided fisheries managers with the opportunity to hear community concerns, such as whether the installation of fishways might be perceived in ways associated with colonisation, or eventually lead to fish removal from the waterways. Most importantly, seeing the pipes visually transformed by Barkindji art connected the Fishheart to place and Country. The art provides a tangible expression of uninterrupted Barkindji custodianship for the river and the species that depend on it. With art, there is hope for creating policy together – policy that might promote the health of the river as a whole, rather than treating the symptoms of the problem. Disclosure statement Claire Hooker receives funding from the NHMRC, MRFF, ARC, and University of Sydney. She is affiliated with Arts Health Network NSW/ACT. Barbara Quayle is the Vice-president of the Menindee Aboriginal Elders Council, sits on the Barkindji Native Title Board and NSW Aboriginal Water Strategy Board and is a founding guide of Barkindji cultural immersion tour group, Wontanella Tours. Dave Doyle is a member of the Menindee Aboriginal Elders Council, a previous member of the Barkindji Native Title Board, sits on the NSW Aboriginal Water Strategy Board and is a founding guide of Barkindji cultural immersion tour group, Wontanella Tours.
