Heat deaths will soar across the country and property values will decline by hundreds of billions of dollars if global temperatures rise by 3 degrees, according to the first National Climate Risk Assessment report, released by the federal government yesterday.
Speculation about whether or not the US Federal Reserve will cut interest rates this week has sparked a surge in the Aussie dollar. Last week was its best since May against the greenback, and over the past month, it has also appreciated against the euro, the Yen and the British pound.
Prime Minister Anthony Albanese has blamed social media, and its algorithms, for pushing people’s political views to the extremes, be they left or right. The PM said Australia needs to have less shouting and more talking, and importantly, more listening, adding that the way people engage in politics is getting more aggressive. Meanwhile Liberal leader Sussan Ley is dealing with another crisis, with frontbencher Andrew Hastie threatening to quit if the Coalition keeps backing net zero.
Wisetech Global billionaire founder Richard White has sold more than $120 million of stock in the logistics software business, though the selling didn’t hurt the group’s share price, which finished higher yesterday. White still owns 35.6 per cent of the company – worth around $11.6 billion.
The surge in cryptocurrencies since Donald Trump was elected – Bitcoin for example is up 40pc – has had a surprise positive effect on private jet and luxury cruise operators. So much so that many have been forced to take cryptocurrency for payments.
