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ASX opens despite outage hitting market
By Staff reporters
The Australian sharemarket has started trading for the day despite a technical issue hitting the market operator this morning.
The S&P/ASX 200 was up 7.5 points to 8621.6, while market operator ASX continues to look into an issue with publishing market-sensitive announcements. A number of companies have been placed in a trading halt due to the problem.
Financial stocks are mixed, with Commonwealth Bank (up 0.3 per cent) and National Australia Bank (up 0.1 per cent) higher while Westpac was flat and ANZ Bank shed 0.6 per cent.
Wall Street edged higher to extend its winning streak.Credit: AP
Mining stocks are stronger, with iron ore giants BHP (up 0.6 per cent), Rio Tinto (up 0.3 per cent) and Fortescue (up 0.2 per cent) advancing. Gold miners are higher as the price of the safe haven strengthened over the weekend, with Northern Star up 2.1 per cent and Evolution Mining up 0.4 per cent.
Australia’s biggest winemaker Treasury Wines slumped 4.1 per cent after announcing a non-cash impairment in its US business, with all $687.4 million of goodwill to be written off by the Penfolds maker in response to slowing growth.
Read the full markets wrap here.
Plibersek calls for inbuilt safeguards in new tech to prevent misuse by abusers
By Emily Kaine
Social Services Minister Tanya Plibersek has stressed the dangers of new tech being weaponised by perpetrators of family and domestic violence against their victims, following warnings issued by eSafety Commissioner Julie Inman Grant that connected cars were becoming sophisticated surveillance devices for abusers.
“New tech, things that we take for granted as being really convenient have actually been weaponised by perpetrators of family and domestic violence to harass, intimidate, stalk, follow, even locate to attack victims, former partners, partners or former partners of the abuser,” Plibersek told Sky News this morning.
It is not only connected cars that pose a risk, Plibersek said, but a range of devices that enable the tracking of victims by perpetrators.
Social Services Minister Tanya Plibersek.Credit: Alex Ellinghausen
“We even heard of things like cat feeders having cameras activated remotely so an ex can see who’s in the house and kids being given gaming consoles with cameras, so again, the ex can be watching what’s going on in the home. Obviously, telephones have often had tracking devices installed. Kids being given iPads so that the ex can spy on mum. It is really quite alarming.”
Plibersek also called on companies making connected products to consider inbuilt safety mechanisms to prevent the tech being misused by abusers.
“The message is also to the companies that are making these products, that they have to think about how they can be misused. I mean, they’re very convenient, they’re great in most circumstances, but you have to build in a sort of safety fallback in case they’re being misused like this,” she said.
In photos: South-East Asia ravaged by floods
The death toll has mounted to over 500 from floods and landslides caused by torrential rains across Indonesia, Malaysia and Thailand, officials say, as relief efforts for tens of thousands of displaced people continue. See the flood damage, in photos.
A youth carries an elderly man as they wade through a flooded street after heavy rainfall in Wellampitiya on the outskirts of Colombo yesterday. The death toll from floods and landslides triggered by Cyclone Ditwah has risen to at least 334 people across Sri Lanka, with nearly 400 still missing.Credit: AFP
People stranded by floods wait in their submerged neighbourhood in Colombo, Sri Lanka on Saturday.Credit: AP
People carry their belongings as they wade through the water at a flooded village in Bireun, Aceh province, Indonesia on Saturday.Credit: AP
People ride on a boat belonging to Sri Lanka’s army on a flooded street after heavy rainfall in Wellampitiya on the outskirts of Colombo yesterday.Credit: AFP
Army personnel ride a truck carrying boats to rescue stranded people as they wade through a flooded road after heavy rainfall in Wellampitiya on the outskirts of Colombo yesterday. Credit: AFP
Hong Kong mourns fire victims as death toll reaches 146
By Lisa Visentin
As forensic workers continued the grim process of retrieving bodies from the blackened towers in Hong Kong yesterday, mourners arrived in their thousands with white flowers to pay tribute to the victims of the city’s deadliest fire in decades.
Some whispered prayers, others stood in silence, staring at the burnt-out husks of the towers, tears streaming down their faces.
Officials report the death toll of the Wang Fuk Court apartment complex fire that burnt for two days has reached 146.
Huge crowds lay flowers to pay tribute to the victims of the Tai Po fire.Credit: Daniel Ceng
Indonesian domestic helper Alidia weeps as she mourns the passing of fire victims.Credit: Daniel Ceng
The blaze has been compared to the Grenfell Tower fire in London – which killed 72 people in June 2017 – and it has triggered similar accusations of lax safety standards and corruption.
For more than a year, bamboo scaffolding draped in green mesh had covered the facade of the Wang Fuk towers. The site had been inspected 16 times for safety and authorities had issued six improvement notices.
The cause of the fire has not been confirmed, but Hong Kong authorities have arrested 11 people involved in the towers’ renovation, amid suspicion that the mesh and the use of styrofoam in the renovation materials accelerated the blaze.
Read the full report from North Asia correspondent Lisa Visentin.
eSafety warns perpetrators using smart cars to control victims
By Emily Kaine
eSafety have warned Australians that smart cars are being used by perpetrators of domestic and family violence to control victims, following a report by the e-Safety Commission’s Technology-Facilitated Abuse Support Service that found connected cars were being exploited as sophisticated tools of surveillance.
Domestic, Family and Sexual Violence Commissioner Micaela Cronin, alongside e-Safety Commissioner Julie Inman Grant, appeared on the ABC this morning to speak on the ways perpetrators are weaponising smart technology to monitor, intimidate and control victims.
“We found over the years countless creative ways to misuse technology, often the technologies we rely on every day, and largely it’s been low tech. For instance, harassing messages, the weaponisation of banking transactions,” said Inman Grant.
“And about three years ago, we heard from a woman whose car had a kill switch put in it by the family mechanic who was a friend of her former partner’s, and it would make the car stall every time she went beyond the child’s school or the grocery store, so she had about a kilometre perimeter that she could go to use her car.”
Cronin said frontline workers were hearing “more and more” about smart technologies being used to facilitate abuse.
“Look, we are hearing increasingly about the way, as Julie [Inman Grant] said, any form of technology where there is connectivity, where multiple people can have access to it, where there’s GPS trackers in it, which, to be frank, is most of our devices these days, that increasingly, people are using those to either just simply track or control behaviour in the way that Julie’s described. We’re hearing it more and more.”
Melbourne Metro Tunnel faces weekday test
By Cassandra Morgan
Melbourne’s newly opened Metro Tunnel is facing its first weekday passenger test as services start at 10am on the second day of travel.
Yesterday enthusiastic passengers packed the first trains to run through to the Metro Tunnel, from Sunbury and East Pakenham.
It was standing-room only on the trains and many more people walked through the stations and underground passages to the City Loop to check out the biggest upgrade to the city’s rail network in 40 years.
There were teething issues at some of the new stations. Escalators at Parkville and State Library stations stopped working. At Anzac station, trains both undershot and overshot the platform, meaning automatic platform screen doors stayed closed.
Operators will be hoping it all goes smoothly today.
Follow live updates as services commence at our Metro Tunnel blog here.
Greens senator calls for ‘systemic action’ on housing prices
By Emily Kaine
Greens senator Barbara Pocock has called for more “systemic action” to assist first home buyers in the face of rising house prices.
The Cotality Housing Affordability Report has shown month-on-month increases on house prices.
Pocock said schemes such as Labor’s First Home Buyer Guarantee initiative, that allows first home buyers to purchase a home with only a 5 per cent deposit, are “feeding the beast”.
Senator Barbara Pocock.Credit: Alex Ellinghausen
Speaking to ABC News Breakfast this morning, Pocock said, “[House prices] are rising extremely fast, and some of the policy interventions, like Labor’s 5 per cent deposit scheme, are actually feeding the beast. They’re driving prices up.
“And in a situation where supply is limited, where we’ve got big tax breaks for investors … someone who can own many investment properties alongside that first home buyer trying to get into the market, it’s just not fair. So we should really be taking much more systemic action to assist those first home buyers to get what we’ve always thought of as part of the Australian dream, a roof over your head.”
Government must commit to delivering energy transition: Tehan
By Brittany Busch
Opposition energy spokesman Dan Tehan has called on his government counterpart to commit to delivering the energy transition after the Australian Energy Market Operator warned NSW could face blackouts with the closure of the Erarang power station.
”Chris Bowen has completely ended up with egg on his face. His transition is failing. He’s wanted coal out of the system as quickly as he possibly could get it, and now we find out that we actually are going to need coal for longer,” Tehan told Sky News.
“So I think what we need to see today is this part-time minister, Chris Bowen, admit that he can’t be COP president and Australia’s energy minister at the same time, and he’s got to make a decision.”
Opposition spokesman for energy Dan Tehan.Credit: Alex Ellinghausen
Tehan said AEMO doubted there would be enough synchronous condensers to stabilise the grid once the power station closed.
“If you don’t have those synchronisers in place, then you need coal and you need gas. And this is where Minister Bowen has made such a mess of things because his reckless renewables push, which has been all about ideology, not about making sure we get the transition right, has left us in this state now where we’ve got AEMO coming out and saying they’re very, very worried about the stability of the grid,” Tehan said.
Three children among four dead in California mass shooting
Four people, including three children, have been killed in a shooting at a family gathering at a banquet hall in Stockton, California, with many others wounded.
The victims who died ranged in age from eight to 21, said Heather Brent, a spokesperson for the San Joaquin County sheriff’s office.
Early indications “suggest this may have been a targeted incident”, Brent said during a news conference at the scene.
First responders at scene of the mass shooting in Stockton, California. Credit: AP
Jason Lee, vice mayor and city council member, said the hall was hosting a child’s birthday party, according to his Facebook post.
Local officials said the suspected shooter has not been caught and pleaded with the public for help. Detectives were still working to identify a possible motive.
“If you have any information as to this individual, reach out immediately. If you are this individual, turn yourself in immediately,” San Joaquin County District Attorney Ron Freitas said.
AP
Walsh declines to commit to independent review of childcare sector
By Brittany Busch
Minister for Early Childhood Education Jess Walsh has declined to commit to an independent review into the sector as recommended by the Productivity Commission, but said the government was acting on other suggestions.
Walsh said a pay rise for childcare workers, also recommended by the commission, was being introduced today.
Early Childhood Education Minister Jess Walsh.Credit: Alex Ellinghausen
“We’re implementing the Productivity Commission’s findings. The pay rise was a big one. Another one … was to replace the activity test with guaranteed three days’ subsidy for every child, no matter what their parents do, and that will roll out from January 5,” Walsh told ABC Radio National.
“So we are certainly acting with urgency … we are strengthening the sector, not just with this pay rise, but with a whole lot of measures.”
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