What we learned, Thursday 11 July
And with that, we are going to put the blog to bed. Before we go, let’s recap the big headlines.
Fire crews have worked overnight to battle a blaze at a Melbourne factory fire in Derrimut, though contaminated water is reported to be running off site.
V-Adm David Johnston has becomes the new defence chief.
A study has questioned whether Australians will earn more than their parents did at the same age.
A wastewater report has concluded that Australians are consuming record numbers of illicit drugs.
The mayor of Alice Springs says a long-term plan is needed amid curfew discussions with confirmation that the curfew won’t be extended.
More student protests after universities entered into disciplinary action for pro-Palestine encampments.
A man was charged with murder and attempted murder following a fatal house fire in Sydney’s west. NSW police allege that he locked doors to prevent people escaping.
A Lithium-ion battery in an ebike exploded, sparking a fire in Sydney unit overnight.
Rob Rogers will retire as NSW’s RFS commissioner in early 2025.
The Second day of Toowoomba murder trial began.
The ACCC will take The Good Guys (and JB Hi-Fi) to court
An energy report has pointed to a sharp increases in renewables, leaving nuclear in the shade
AI-powered cameras have been installed on a major e-scooter fleet in Melbourne
The NSW racing minister officially announced an inquiry into Greyhound Racing NSW
And an investigation was launched after two bodies were found inside a Marsfield home.
Thank you for spending part of your day with us – we will be back tomorrow. Until then, stay safe.
Updated
ASX and All Ords join global risk-on rally, nearing highest-ever close
From AAP:
The local share market has finally joined a global risk-on rally, climbing to its highest intraday level in 100 days and finishing within a whisker of its highest-ever close.
The benchmark S&P/ASX200 index on Thursday gained 72.8 points, or 0.93%, at 7,889.6, less than eight points shy of its record closing high of 7,896.8 set on 28 March.
The broader All Ordinaries gained 75.1 points, or 0.93%, to 8,133.4.
The rally followed a strong lead from Wall Street, where the S&P500 rose 1.0% to close at an all-time high for the 37th time this year following more dovish commentary from the US Fed’s chairman, Jerome Powell.
Updated
