News
“This will kill the Great Barrier Reef as we know it”
UNESCO’s recent ruling to not list the Great Barrier Reef has been met with critisim
After much anticipation, the World Heritage Committee has decided to not list the Great Barrier Reef as “in danger”.
The Australian Government reacted angrily when the United Nations Educational, Scientific and Cultural Organisation (UNESCO) released a draft decision in late June to place the reef on the “in danger” list.
Greens Senator Lidia Thorpe says the Australian Government must take action urgently, to protect the reef.
“it’s clearly a political decision, and not one that benefits the environment at all. It just goes to show that the government with the international fossil fuel industry might have made a deal to ensure that this didn’t go ahead.”
“The Great Barrier Reef has been in trouble for decades. And the UN so alerted us to the fact you know, a decade ago saying that it was on the extreme concern listing. And since then, we’ve had three bleaching. So it’s got worse.”
Senator Thorpe Says.
Environmental activists slam UNESCO decision
The ruling to not classify the Barrier Reef as an endangered World Heritage Site has been heavily critisised.
Senator Thorpe says despite extensive climate change-spurred damage to the ecosystem’s corals – nothing seems to be getting actioned by leaders.
Thorpe and the Greens have been lobbying the Federal Government to take action and save the reef, which has expereicned three bleeching incidents since 2016.
The bleeching to the 2,300-km-long ecosystem was caused by rising ocean temperatures due to global warming.
Areas once teeming with vibrant corals have become lifeless washed-out wastelands, and two-thirds of the reef is believed to have been damaged in some way.
“They’re not basing it on science. They’re basing it on a political decision”
Despite the damage, the reef remains a vital tourist draw for Australia, which had feared an “in danger” label could deter post-pandemic visitors.
Australia’s Environment Minister Sussan Ley had flown to Paris earlier this month to personally lobby member states on the committee, while key ambassadors were invited on a reef snorkelling trip.
Last week Sussan Ley welcomed the decision and thanked the “esteemed delegates for recognising Australia’s commitment to protecting the Great Barrier Reef”.
News
Senate clears Epstein files release despite White House push
Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.
Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.
The White House tried to delay a vote on the release of Justice Department files connected to Jeffrey Epstein, even as former President Trump insisted there was nothing to hide.
Despite this, the Senate approved the measure exactly as it passed the House, ignoring amendments proposed by Trump’s aides. This move clears the path for the files to be made public in full.
Trump has indicated he intends to sign the bill, marking a significant shift after the White House’s attempt to block or delay the vote proved unsuccessful. The decision could have wide-reaching implications for transparency and ongoing investigations.
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News
Nvidia earnings shake tech stocks as ASX heads into Christmas
Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.
Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.
Markets are reacting sharply to Nvidia’s latest earnings, leaving investors questioning the future of tech stocks. Analysts are closely watching whether the results meet expectations and what it could mean for the broader market.
Joining us is David Scutt from StoneX to break down Nvidia’s post-earnings performance and its ripple effects across US and global equities. Investors are keeping a keen eye on how this could set the tone for year-end trading.
With Christmas approaching, the ASX faces a pivotal day as global risk sentiment shifts. Traders are positioning themselves for potential volatility, making it critical to understand the signals coming out of major tech earnings.
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News
Tech stocks on edge ahead of Nvidia
Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.
Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.
With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.
Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.
#TechStocks #Nvidia #Markets #Investing #FinanceNews
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