Good morning folks, and welcome to the end of another week.
1. New South Wales could give up the fight against the Delta variant. The Sydney Morning Herald reports that senior ministers consider the state to be at a ‘fork in the road’ after two weeks of lockdown. “We have to decide whether we accept a lockdown so that we get cases down to zero or whether we do what no other state has done and accept the virus will circulate in the community,” one reportedly said.
2. Ash Barty is on the cusp of winning Wimbledon. The world number one will face off against Karolina Pliskova on Saturday after winning overnight and becoming the first Australian woman to play the decider since tennis great Evonne Goolagong Cawley did in 1980. Dylan Alcott meanwhile progresses to his 16th straight grand slam final.
3. Australia will try to wrestle control of its property market as prices and debt spiral out of control. ANZ Bank reveals it expects an intervention within ‘a few months’, as the RBA anxiously eyes a boom in new lending.
4. It’s not just buyers who are getting squeezed. Rents around Australia continue to rise with the average home costing $477 a week, while Adelaide is now just as expensive as Melbourne. Here’s the full breakdown of what your local market is doing right now.
5. As borders remain shut and businesses look to grow quickly, there is enormous appetite for certain skill sets. LinkedIn has revealed the five jobs most in demand right now in Australia for those looking to make a move.
6. Australia’s economic recovery is world-leading according to the OECD, but the full picture is a little more complicated. While much of Australia’s success appears to be virtue of it being a large country surrounded by blue ocean, the labour market may not be as successful as some make out. Almost nine out of ten unemployed Australia’s report trouble actually finding a job, while pundits celebrate how many jobs there are right now.
7. Two men are now claiming to be Haiti’s president 24 hours after incumbent Jovenel Moïse was assassinated in his home. Moise had named his successor, Ariel Henry, the day before he died but interim PM Claude Joseph says the position is now his. Four suspects in Moise’s assassination have been killed in a gun fight while four others have been arrested.
8. Breaking Facebook up into separate companies wouldn’t be enough, experts argue. Ranking as Facebook’s number one asset, US lawmakers are considering forcing Facebook to share data with competitors where appropriate. Experts meanwhile want to let users opt-in and out of what they actually want to hand over.
9. The meme-trade is finally showing signs of letting up. New data shows a 28% fall in day-traders buying so called ‘meme stocks’ promoted on Reddit
10. Meanwhile the number of Dogecoin scams has skyrocketed. Suspicious websites relating to dogecoin jumped 744% from January to May, as fraudsters zeroed in on the ‘people’s coin’, and it’s meteoric price. It has helped take some of the heat off Bitcoin and Ethereum.
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