InvestSMART’s Evan Lucas says this reporting season reveals the sectors performing well and the ones which will face “unbelievable headwinds”. “It’s not just tourism and aviation, you actually look at things like banking and what banking has got to go through,” Mr Lucas told Sky News. The coronavirus pandemic caused millions of banking customers to pause various loan repayments due to financial hardship.
“If you look at what the banks are telling you, the deferments on their books and the amount of their customers that are having to look very seriously about going forward,” Mr Lucas said. “We need to remember there is actual business economic underlying risk inside the banking space because of COVID. “And that for me was the biggest takeout, not just seeing it from the economic numbers or listening to the government.
EvanLucas_INV this is a fake or an ill-informed article..banks are going to profit the most..they will benefit from deferred payment as they going to keep calculating the interest rates and add it to the principle..they have not written off any loans ..lol.
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NT election 'has implications' for future of Australia | Sky News AustraliaSky News Political Editor Andrew Clennell says if the Michael Gunner government wins the NT election this weekend, it will embolden other states and territories to continue with border closures.\n\nThe Northern Territory acted quickly to close its borders to other jurisdictions.\n\nThe Gunner Labor government will go into the election with 16 out of the 25 seats in parliament.\n\nQueensland, which has also been strong on borders, has an election on October 31.\n\n“If he falls short, there will be less inclination towards that,” Mr Clennell said.\n\n“This election has a lot of implications for the future of the country, around those border closures.\n\n“It really is important.” \n aclennell So it should the borders are keeping us safe... Open them up ...it will be stage 4 for all of us! They Borders stay shut...to those who disagree-Move on...this is our new COVID normal for now! AnnastaciaMP StevenJMiles keep the border closed and Queenslanders safe! aclennell I think they will win but Anastasia will lose. Then we will see how serious the other states are. aclennell GoTheGunner In that case hope he romps it it GoTheGunner
Source: SkyNewsAust - 🏆 7. / 78 Read more »
CLP leader outlines strategy to reduce crippling NT debt | Sky News AustraliaWith debt at a record high in the Northern Territory, Country Liberal Party (CLP) Leader Lia Finocchiaro says if elected her government would introduce measures to cut costs and grow the economy. \n\nThree days before the Northern Territory election on August 22, Ms Finochiaro faced off against Chief Minister Michael Gunner and Territory Alliance leader Terry Mills in the first and only televised debate hosted by Sky News.\n\nTotal debt in the territory has increased from $1.8 billion to $8.2 billion since the Labor government was elected in 2016.\n\nSpeaking of real policies which the CLP would enact, Ms Finochiaro said she would ensure no government ministers would be allowed to travel business class, CEO’s of departments would be made to live within their budgets and she would alter certain policies in a bid to grow the economy.\n\nTwo years ago, the Labor government introduced a hybrid mining tax “which has seen us plummet in the Fraser mining survey index to make us a very unfavourable destination to invest,” she told Sky News. \n\n“We’ve said we will bring in an ad valorem model immediately to ensure we send a signal to the world that the territory is the best place to invest.'\n LiaFinocchiaro How through selling indigenous overseas as per usual
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China makes brazen trade war admission as cracks emerge in Xi Jinping’s rule | Sky News AustraliaChina has admitted its trade war on Australian wine was sparked by the rejection of Huawei and calls for an investigation into the source of COVID-19.\n\nChinese President Xi Jinping’s state-owned newspaper The Global Times also issued a threat to the Australian Government that the wine probe should be seen as a “stern warning” to stop “stirring up animosity toward China”.\n\n“Australia was the first Western country to shun Chinese telecommunication giant Huawei's 5G equipment, and the discrimination against Huawei has made Canberra a clear target for retaliation by Beijing,” the Global Times wrote a few hours after the wine probe was announced.\n\n“Australia has relied heavily on the Chinese market in trade, but as a member of the Five Eyes intelligence alliance led by the US, it has supported the US' anti-China campaigns and is now driving its relationship with China to a freezing point.\n\n“The bilateral trade relationship was also upset by the Australian demand for a so-called independent investigation into the source of the COVID-19 pandemic, as well as claims of Chinese spying on Australia.”\n\nThe Global Times also warned that China was not concerned with worsening trade ties with Australia as they amounted to only 3 per cent of global exports.\n\nPerhaps so, but China’s image on the global stage is causing headaches for President Xi domestically.\n\nCracks have started to emerge in what once seemed like an impenetrable rule and the totality of Xi’s grip on the Chinese Communist Party has started to wane.\n\nYesterday a once-proud member of the communist party, Professor Cai Xia, became the face of rare public criticism of Xi.\n\nCai taught the next generation of the communist party’s leadership for 15 years at the elite Central Party School.\n\nBut after speaking out against Xi’s brutal rule in academic articles and speeches she was booted from the party.\n\nCai spoke to the media yesterday to claim she was finally free, having escaped China, and shed insigh Houghtontweets I hear him. Everyone lives above and below and nobody on the level. Houghtontweets Can you post that admission please. It’s not that we don’t believe you it’s that YOU LIE. Houghtontweets Try and replace China with another 1$1 billion wine export!! This is what you get when we do not use diplomacy to discuss differences!! Scomo must start to realise by now that megaphone diplomacy to please USA will only hurt us!!
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AOC backs Sanders for US President | Sky News AustraliaUS Congresswoman Alexandria Ocasio-Cortez has seconded the Democratic presidential nomination of Senator Bernie Sanders, highlighting his commitment to solving the “crises of mass eviction, unemployment and lack of healthcare.'\n\nMs Ocasio-Cortez seconded the nomination of Senator Bernie Sanders at the Democratic Convention in a symbolic gesture to progressive politics prior to the official endorsement of Joe Biden as the Democratic nominee.\n\nShe spoke of the progressive movement which Senator Sanders represents, saying “to establish 21st century social, economic and human rights including guaranteed healthcare, higher education, living wages and labor rights for all people in the United States.'\n\nThis is a movement “striving to repair the wounds of racial injustice, colonization, misogamy and homophobia and to propose, build and re-imagine systems of immigration and foreign policy that turn away from the violence and xenophobia of our past.'\n\n“A movement that realises the unsustainable brutality of an economy that rewards explosive inequalities of wealth for the few at the expense of long-term stability,' she said.\n\nImage: AP AOC BernieSanders Toxic femininity. AOC BernieSanders Off course because it's full of pedophiles AOC BernieSanders As part of routine nomination process. But don't tell the full story, we would have to start accusing you of journalism, not propaganda.
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Oval Office should be 'a command centre, not a storm centre': Bill Clinton | Sky News AustraliaFormer US President Bill Clinton has delivered a scathing of assessment of Donald Trump's presidency as he appeared at the Democratic National Convention to place his support behind candidate Joe Biden.\n\nDemocratic power players Chuck Schumer and Alexandra Ocasio-Cortez joined the fray to frame the upcoming election on the grounds of the nation's need for new leadership and progressive policy.\n\nMr Clinton criticised President Trump for poor leadership in the midst of the global pandemic and claimed 'COVID hit us much harder than it had to'.\n\n'We have just four per cent of the world's population, but 25 per cent of the world's COVID cases,' he said.\n\n'Our unemployment rate is more than twice as high as South Korea's, two and a half times the United Kingdom's, and more than three times Japan's. \n\n'At a time like this, the Oval Office should be a command centre. Instead, it's a storm centre. There's only chaos.'\n\nMr Clinton framed America's choice as one between a President 'zapping' people on social media and a leader 'building back America again'.\n\n'You know what Donald Trump will do with four more years. Blame, bully, and belittle,' he said.\n\n'And you know what Joe Biden will do. Build back better.\n\n'It's a clear choice. And the future of our country is riding on it.'\n\nMr Clinton alluded to the Democratic national policy in one of the few addresses during the campaign that outlined what they would be taking to the election.\n\n'He's given us smart, detailed plans to invest in areas vital to our future,' Mr Clinton said.\n\n'Innovative financing for factories and small businesses, good jobs in green energy and conservation to combat climate change, a modern infrastructure that brings small town and rural America the connectivity and investment others take for granted,\n\n'And a plan to ensure that Blacks, Latinos, Native Americans, women, immigrants, and other communities left behind are full participants in the economy and our society.'\n\nImage: BillClinton realDonaldTrump JoeBiden Both love fucking little girls BillClinton realDonaldTrump JoeBiden One sexual pervert endorsing another sexual pervert. BillClinton realDonaldTrump JoeBiden What credibility that is, was he in lock up pending his connection to Epstein?
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NSW Premier stands firm on govt's handling of hotel quarantine system | Sky News AustraliaNew South Wales Premier Gladys Berejiklian is standing by her government’s handling of COVID-19 after a hotel quarantine security guard tested positive to the virus on Tuesday.\n\n“It’s actually been a miracle that we haven’t had anyone contract the virus in that setting before now,” she said. \n\nThe Premier pointed out most people entering Sydney were not NSW residents.\n\n “With Melbourne out of the picture Sydney is pretty much picking up the load and if we don’t do it … you won’t have Australians being able to come back home and secondly those international flights will get cancelled”.\n\nThe state's Chief Health Officer Dr Kerry Chant said “on average we have about one or two cases predominantly from south-western Sydney and western Sydney where the source is unclear”. \n\nWhile only seven COVID-19 cases were recorded across NSW in the past 24 hours, she flagged the possibility for chains of transmission to be occurring unreported. \n\nImage: Getty
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