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Asr
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Friday
22
February 2019

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2,633.69 0.06%
Volume
201,539,267
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0.06%
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3,667
15
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1
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5,098.12 0.74%
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87,420,806
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0.74%
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14
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KHCB
0.65
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0.29
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1.05
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0.38
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0.13
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0.32
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1.48
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0.69
Emaar
4.66
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0.97
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9.79
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5.45
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0.38
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1.05
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1.75

ABC News.AU


22/02/2019

Duke star Zion Williamson's shoe blowout wipes more than $2 billion off Nike market value

Equipment malfunctions happen all the time in sport.But they are rarely as costly as the trainer explosion that left one of the hottest prospects in basketball writhing in agony, clutching his right knee on Wednesday night (local time).Nike shares fell by more than 1 per cent on trading the day after the incident occurred, wiping around $US1.46 billion ($2.06 billion) from Nike's market capitalisation.But how could a split trainer have such a huge impact on Nike's share price?What happened?Simply put, one of Nike's trainers disintegrated live on prime-time TV, in one of the biggest college basketball games of the season.The...
22/02/2019

Listeriosis death prompts authorities to shut down Melbourne catering company

Victorian health authorities have temporarily shut down a catering company in Melbourne's south-east after its food was linked to the listeriosis death of a woman in her 80s.The iCook Foods company in Dandenong South supplies food to Meals on Wheels, aged care facilities and a number of hospitals in Melbourne's eastern and south-eastern suburbs.Acting chief health officer Brett Sutton ordered the closure of the company's kitchens overnight following an investigation into the death of the woman at Knox Private Hospital due to listeriosis in early February."My heart goes out to the family of this woman that died," Dr Sutton said."In...
22/02/2019

Brisbane's Olympic Games bid will require billions of dollars, feasibility study reveals

By Brittney Kleyn and Jessica Hinchliffe South-east Queensland's bid to host the 2032 Olympics could fail without billions of dollars invested in roads and infrastructure.That is the grim prediction of an 18-month feasibility study, released on Friday by the region's mayors, assessing likelihood of a successful Olympic Games bid.The report estimated the 2032 Games would come at a cost to ratepayers of $900 million — that's not inclusive of the billions of dollars needed for roads and public transport.However, Brisbane Lord Mayor and SEQ Council of Mayors chairman Graham Quirk told ABC Radio Brisbane the study showed the cost would...

22/02/2019

Australian coal hit with restrictions at Chinese ports but not an all-out ban, Trade Minister says

By political reporter Jade Macmillan Trade Minister Simon Birmingham says there is no evidence of a Chinese ban on Australian coal imports.Officials have been scrambling to try to clarify reports that Australian coal had been blocked at a key port in China's north-east.Senator Birmingham said while he understood import restrictions or quotas were slowing down the processing of coal, he did not believe the issues were isolated to Australian exporters."I want to provide reassurance that we have no basis to believe that there is a ban on Australian coal exports into China or into any part of China," he said."We...
21/02/2019

Australian rugby outstripped by rival sports as Super Rugby struggles for visibility

By Offsiders columnist Richard Hinds Australian rugby is coming for you and your children — or at least those kids whose schedules are not already filled by the sports that began raiding schoolyards and playgrounds years ago.The Get into Rugby Club program is intended to attract more participants to both 15-a-side and sevens rugby, which has traditionally depended heavily on private school networks to pad its playing ranks.So does the gift pack include a mini cravat in club colours? A reversible Super Rugby jersey that allows you to wear the winners' colours regardless of the result? A "my first stock...
21/02/2019

Victorian timber workers face uncertainty as plan for industry's access to native forests delayed

By state political reporters Stephanie Anderson and Richard Willingham Timber workers and businesses are sweating on their future, with the Victorian Government delaying the release of plans for industry to access native timber reserves for logging.The timber release plan is a key strategy that dictates where native timber can be logged by the state-owned VicForests.VicForests told the ABC it had been directed not to proceed with a new timber release plan "until further policy work has been completed".Under questioning in state parliament about the delayed release of the plan, Premier Daniel Andrews said he would seek an update on its...

21/02/2019

Payday lenders 'preying' on natural disaster victims, financial counsellors say

By David Taylor An alarming number of natural disaster victims are turning to high-cost, short-finance — or pay day loans — to avoid going broke, financial counsellors say.Donald Mosby, who lives in flood-ravaged Mundingburra in Townsville, is among tens of thousands of Queenslanders who are struggling to comprehend what they lost following the recent floods."I'm in hardship right now — my car's gone, pretty much everything in my house has mud all over it," Ms Mosby said."So yes, finding it pretty hard to get back on my feet at the moment."After mopping up, financial counsellors said the massive personal financial...
21/02/2019

NSW Premier Gladys Berejiklian slammed over 'Trump-like response' to Newcastle journalist

ABC Newcastle By Anthony Scully , Kerri Worthington , Kia Handley and Carly Cook A Twitter storm is engulfing Gladys Berejiklian over an exchange with a journalist last week, with a Labor spokeswoman today saying the New South Wales Premier should apologise.Video posted to Twitter shows Ms Berejiklian and Transport Minister Andrew Constance characterising Newcastle Herald journalist Michael Parris's line of questioning about a controversial light rail project as "operation normal".A chorus of criticism has ensued, with some prominent journalists accusing the Premier of treating Mr Parris with "contempt".Labor Transport spokeswoman Jodi McKay has told the ABC she believes the...
21/02/2019

Women's sport has hit the big league as stars like Sam Kerr, Ellyse Perry emerge

By Clint Thomas Women's sport, what it represents and some of the perceived inequities involved when comparing it with men's sport has become a hot discussion point over the last couple of years.But it is important to stop for a moment, put all of that aside and recognise what has been an exceptional period.If some of the recent statistics around TV audiences and digital traffic are anything to go by, the interest in women's cricket, soccer and netball in Australia is now hitting mainstream relevance.In an increasingly crowded sporting landscape, many codes have successfully carved a niche for their female...

21/02/2019

Employment enjoys a strong start to the year with a flood of full-time work in January

By business reporter Stephen Letts Australian employers have started the year on the hunt for workers, with 39,100 new jobs being created in January.The surge in recruitment targeted full-time work, with an impressive 65,400 positions added, while part-time work fell by 26,300 jobs.However, it was not enough to move the unemployment dial, which stayed put at 5 per cent in seasonally adjusted terms.The solid number saw a spike in the Australian dollar, which jumped back above 72 US cents.The boost in full-time employment saw the average hours worked edge up, to be 1.6 per cent higher over the year in...
21/02/2019

SA council spends $60k investigating complaints prior to the complainant being elected to the council

ABC North and West By Gary-Jon Lysaght A South Australian council spent more than $60,000 investigating a string of complaints prior to the man who made them later elected to the council himself.George Naumovic made a series of complaints about the District Council of Coober Pedy relating to its Code of Conduct.He subsequently ran for council himself and was elected a councillor in the November local government election.The council was $7 million in debt and two months later was placed into administration and the councillors suspended.An Ombudsman's report in July found the council committed maladministration by entering into a $198.6...
21/02/2019

Footy lovers have played for this small-town club for 100 years, but not anymore

By Katri Uibu After 99 years of supporting young football enthusiasts, a small-town club is reconsidering its future as it struggles with a shortage of players and changing demographics.The Smithton Football Club, in north-west Tasmania, which became known as the Circular Head Giants in 2015, announced it would have to "enter into recession for the upcoming season" after it was unable to field a team for 2019.Many Smithton residents fear the club's hardships are symptomatic of the town's changing face.Senior player Kalon House, 35, grew up playing for the club, and said this season would have been his 20th.Having played...