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$300m for thousands impacted by Australian flood emergency

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Floods across the state of Victoria have damaged thousands of homes and left communities reeling with the consequences.

Today, volunteers are out in troves, helping those impacted.

As parts of Victoria continue to face the worst floods in more than a decade other parts are beginning the road to recovery.

Premier Daniel Andrews has pledged over $300 million in flood relief, as his Government kicks off operation Clean up.

Promising over $40,000 to uninsured residents whose homes have been severely damaged.

This will go towards repairs and replacing essential contents that have fallen victim to the floods.

There will be a further $165 million for road repairs.

On top of this, there will be another $150 million for a broader cleanup of impacted communities.

There will be about $21 million for critical support like health, wellbeing and counselling.

Residents can also apply for a one-off $1000 federal cash payout.

There will also be community centre set up in affected areas to provide shelter to those in need.

While many areas are now focusing on the long road to recovery ahead, some suburbs are still seeing rising water levels.

This is a nightmare for many people who have had a pretty turbulent time just trying to get back on their feet following the pandemic and prolonged lockdowns here in Melbourne.

And not to mention the rising cost of living already.

But one thing is evident during this time of crisis, the generosity and compassion of people is front and centre.

Thousands of volunteers are working day and night to help and support each other.

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Trump finalises trade deal with South Korea at summit

Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

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Trump and South Korea finalise trade deal as he prepares for vital summit with Xi Jinping in Busan

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In Short:
– Trump and South Korea’s Lee finalised a trade deal requiring $350 billion in U.S. investments.
– Trump anticipates favourable talks with China to reduce tariffs and improve relations.

Donald Trump and South Korean President Lee Jae Myung finalised a contentious trade deal at a summit in South Korea on Wednesday. The U.S. President expressed optimism about an upcoming summit with China’s Xi Jinping.The agreement, unveiled in late July, stipulated that South Korea would make $350 billion in new investments in the U.S. to avoid significant tariffs on imports. However, negotiations on the investment structure had stalled.

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Trump and Lee reached a compromise allowing Seoul to divide its $350 billion investment into $200 billion in cash, paid in $20 billion instalments. The remaining $150 billion will be allocated to shipbuilding investments.

Upon arrival from Tokyo, following a North Korea missile test, President Trump received an extravagant welcome in the historic city of Gyeongju, the venue for this year’s Asia-Pacific Economic Cooperation forum.

His discussions with Xi are scheduled for Thursday in Busan. Trump downplayed the North Korea missile test and focused on his meeting with Xi, the leader of the world’s second-largest economy.

“I think we’re going to have a very good outcome for our country and for the world,” Trump stated. He anticipates reducing U.S. tariffs on Chinese imports in exchange for China agreeing to control the export of fentanyl precursor chemicals. The Wall Street Journal reported that tariffs could be halved from the current 20%.

China’s foreign ministry indicated that the upcoming meeting would foster positive developments in U.S.-China relations.

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December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

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Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


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Meta and Amazon signal ‘AI efficiency era’

Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.

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Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.


The AI boom is shifting gears, Meta and Amazon are cutting jobs to boost automation, profitability, and focus.

Analysts say this marks the dawn of an AI discipline era.

#AI #Meta #Amazon #BradGastwirth #BigTech #Automation #TechJobs #AIRevolution #EfficiencyEra #FutureOfWork


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