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Albanese proposes $10,000 bonus for apprentice builders

Albanese to announce $10,000 cash bonuses for apprentices in residential construction at National Press Club.

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Albanese to announce $10,000 cash bonuses for apprentices in residential construction at National Press Club.

Prime Minister Anthony Albanese will announce a new policy at the National Press Club, offering a $10,000 cash bonus to apprentices in residential construction. This incentive aims to support the training of the next generation of tradespeople and address workforce shortages in a sector facing significant challenges.

The funding, totalling $626.9 million, is meant for over 60,000 apprentices, with payments made in five $2,000 instalments throughout their apprenticeship. However, previous similar initiatives, such as a scheme for green jobs, attracted only 2,200 participants, indicating potential difficulties in reaching the target.

Albanese’s address marks a year since he introduced changes to stage three tax cuts. He aims to tackle the housing crisis by increasing the number of new homes, with a goal of 1.2 million in five years. Achieving this will require 90,000 additional workers, as identified by construction industry leaders.

The announcement will also include plans to increase allowances for apprentices living away from home and a commitment to making fee-free TAFE subsidies permanent, allowing more Australians to gain vocational skills without financial barriers.

Labor’s housing strategy contrasts with the Coalition’s approach, which supports first homebuyers using superannuation savings for deposits. The debate over vocational training continues, with calls to encourage trades over university degrees, highlighting the importance of skills in the current economic climate.

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Ukraine faces tough choices amid US-Russia peace talks

Ukraine faces tough choices amid U.S.-Russia secret peace plan negotiations, potentially demanding significant concessions from Kyiv

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Ukraine faces tough choices amid U.S.-Russia secret peace plan negotiations, potentially demanding significant concessions from Kyiv

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In Short:
– Ukraine faces challenges with a U.S.-Russia peace plan requiring major concessions to Moscow.
– Senior U.S. officials are in Ukraine discussing conflict resolution amid concerns over Ukrainian input.

Ukraine faces challenges amid reports of a U.S.-Russia peace plan to end the war, potentially involving major concessions to Moscow.Senior U.S. military officials are currently in Ukraine for discussions aimed at ending the conflict. The visit follows reports suggesting that Washington and Moscow developed a 28-point peace plan without Ukrainian input.

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The plan reportedly includes territorial concessions in eastern Donbas, limitations on Ukraine’s military capabilities, and a substantial reduction in armed forces. Some reports suggest that Russia could control the Donbas while Ukraine retains legal ownership, with payment arrangements in place, but these claims remain unverified.

A senior Ukrainian official indicated that Kyiv received signals regarding U.S. proposals but was not involved in their formulation. The Kremlin has denied any new developments in peace talks since President Putin and President Trump last met.

The White House has not confirmed the existence of the peace plan but acknowledged that new proposals are being explored. U.S. Secretary of State Marco Rubio stated that achieving peace necessitates difficult concessions from both sides.

Ukraine’s Options

Ukraine has not responded publicly to the peace plan but anticipates discussions with U.S. officials. President Zelenskyy noted that the U.S. plays a crucial role in resolving the conflict.

Despite Ukrainian concerns, the country remains reliant on U.S. military aid, with European support becoming less immediate. European officials have expressed dissatisfaction over peace proposals that do not involve Ukrainian input, noting it is essential for any viable plan.

Analysts have warned that the proposed plan may signify Ukraine’s capitulation, undermining its defensive positions and inviting further Russian aggression.

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US job growth strengthens in September despite rising unemployment

US job growth slows as unemployment rises to 4.4%, amid economic uncertainty and impact of artificial intelligence on labour market

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US job growth slows as unemployment rises to 4.4%, amid economic uncertainty and impact of artificial intelligence on labour market

In Short:
– U.S. employment growth quickened in September, but unemployment rose to 4.4%, the highest since 2019.
– Job gains were led by healthcare and leisure, while transportation, warehousing, and government jobs declined.

U.S. employment growth accelerated in September, although the labor market struggled to keep up with new job-seekers due to challenges such as import tariffs and the integration of artificial intelligence in roles.The unemployment rate rose to 4.4%, its highest in four years, from 4.3% in August, according to the Labor Department. Revised payroll data indicated that jobs were shed in August, highlighting ongoing labor market softness.

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Layoffs remained low in mid-November, indicative of a “no-hire, no-fire” condition in the job market. Some economists believe the rise in unemployment supports a Federal Reserve interest rate cut, while others argue in favour of maintaining rates due to the surprising job growth.

Nonfarm payrolls increased by 119,000 jobs after a revised decrease in August. Economists had previously forecasted a much lower job addition. The report’s release was delayed due to a federal government shutdown.

Stock markets in Wall Street experienced declines, while the dollar remained steady against various currencies. Job gains were influenced by seasonal adjustments in sectors like leisure and hospitality.

Job Sector Trends

Healthcare employment led growth with 43,000 new jobs, while the leisure sector added 47,000. Conversely, transportation and warehousing lost over 25,000 positions, with manufacturing shedding 6,000.

The federal workforce decreased by 3,000 jobs, part of a larger trend of declining employment in government positions. Despite momentum loss, labor participation rose, impacting the unemployment rate dynamics positively.


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U.S. pushes Ukraine toward controversial peace plan with Russia

US pressures Ukraine to accept a peace plan risking territory loss amid ongoing conflict with Russia.

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US pressures Ukraine to accept a peace plan risking territory loss amid ongoing conflict with Russia.


The United States is pressuring Ukraine to accept a peace plan that would see the country surrender territory and military equipment as part of a negotiated settlement with Russia. The proposal has sparked concern within Kyiv over the potential loss of sovereignty and long-term security.

President Volodymyr Zelenskiy is in Turkey discussing this plan, which may also involve cuts to Ukraine’s armed forces. His visit comes as Washington intensifies efforts under the Trump administration to secure an end to the conflict, despite fears the terms could undermine Ukraine’s national interests.

As Russian forces continue their aggressive campaign, holding roughly 19% of Ukrainian territory, Zelenskiy is attempting to revive peace talks before winter further complicates the frontline. The stakes remain high as the geopolitical landscape shifts.

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#Ukraine #USPolitics #PeacePlan #Zelenskiy #Russia #Geopolitics #WarInUkraine #TickerNews


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