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Who will be the winners in Australia’s Federal Budget?

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Australia’s Federal Budget is set to be unveiled in a couple of hours time, with the world watching to see how Australia plans to financially rebound from the pandemic.

The budget is set to see a huge boost to jobs, worth $550 million.

Here’s what we know so far…

  • Lower Taxes, an aim at driving down the unemployment rate.
  • 2.3 billion is set to boost mental health services. with almost 300 million going towards suicide prevention.
  • Major focus on WOMEN’S health, with $354 million dollars, for breast and cervical cancer awareness, funding for reproductive health among other things.
  • The hardest hit industry…. tourism and aviation will see a 1.2 billion dollar package.
  • Single home buyers will see huge cash boosts and lower deposit rates.
  • Clean energy set to see$566 million dollars towards low emissions technology partnerships.

TickerNEWS will be bringing you rolling coverage of The Federal Budget LIVE as it happens.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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