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Cricket world mourns the loss of Australian icon, Andrew Symonds

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The cricket world is mourning the loss of another icon, Andrew Symonds, just months after the passing of Shane Warne and Rod Marsh

Former Australian Cricketer Andrew Symonds died in a single-car accident, at the age of 46.

He was involved in a crash in Townsville Queensland, on Saturday night after 11 pm local time. Symonds suffered fatal injuries, despite Emergency services’ efforts to revive him, with his two dogs surviving the accident. 

Tributes are flowing in for the beloved cricketer who leaves behind his wife Laura and two young children, Billie and Chloe.

Andrew Symonds with wife Laura and children Chloe and Billie.

“We are still in shock – I’m just thinking of the two kids.”

“He was such a big person and there is just so much of him in his kids,” she added.

“He was the most laid back person. Nothing stressed him out. He was an extremely chilled operator. So practical.

“He was never good with his phone but he always had time for everyone.”

laura symonds, andrew’s wife

Police say the cause of the crash remains unknown, with a formal investigation now underway.

“That’s still being investigated at this stage. Forensic Crash Unit officers have attended the scene and are conducting the investigation and they will prepare a report for the coroner,” he said.

“The accident was actually heard by neighbours who are people who live nearby that were the first people on scene and alerted emergency services.

“They provided the assistance they could at the time.”

Townsville Acting Inspector Gavin Oates
Andrew Symonds and Shane Warne

Symonds was a cricketing icon playing 26 test matches for Australia, 198 one-day Internationals, and 14 Twenty20 Internationals.

Symonds retired in 2012 but stayed on Television screens as a prominent commentator for Fox Sports.

He was reportedly a lively and loveable larrikin and a well-respected person on and off the pitch.

This is the third Australian cricketer to die this year, following the tragic passings of Shane Warne and Rod Marsh.

“Andrew was a much-loved and admired cricketer in Australia and around the world,” Hockley said in a press release.

“He was a prodigious talent from an early age in Queensland with his clean ball-striking ability, shrewd spin bowling and brilliant fielding.

“He will be sadly missed by the Australian cricket community and particularly his very close friends at the Queensland Bulls where he was a popular and much-admired team-mate and friend.

“Our thoughts are with his family and friends at this devastatingly sad time.”

Cricket Australia CEO Nick Hockley
https://twitter.com/ICC/status/1525876182377545728?s=20&t=WwGimz5Fst8lznUFUJ1a3Q

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Powell warns against further December interest rate cuts

Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

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Powell warns against assumptions of further rate cuts, highlighting divisions within the Fed amid ongoing economic uncertainties

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In Short:
– Jerome Powell stated further interest rate cuts are uncertain after recent decreases, aiming to manage market expectations.
– The Fed ended its balance sheet reduction due to lending market disruptions and mixed views on future rate cuts among officials.

Federal Reserve chairman Jerome Powell indicated that further interest rate cuts are not guaranteed following the recent decrease. In a press conference, he stated that a further reduction in December is “far from” certain. His comments aimed to temper market expectations, where the likelihood of another cut was previously estimated at over 90 per cent.In response to Powell’s remarks, yields on the two-year treasury rose, and traders adjusted their expectations, now estimating a 60 per cent chance of a December reduction. Recently, the Federal Open Market Committee voted 10-2 to lower the federal funds rate target range to 3.75-4 per cent, in response to concerns about the labour market.

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The Fed has also announced an end to its balance sheet reduction efforts due to disruptions in short-term lending markets. Since 2022, the bank has reduced its asset holdings by over $US2 trillion following aggressive purchases aimed at stabilising the economy after the pandemic.

Policy Divisions

Recent post-meeting statements highlighted mixed views among Fed officials about the pace of future rate cuts. Powell remarked that uncertainty surrounding economic conditions necessitates a cautious approach. Ongoing government shutdowns have limited policymakers’ access to crucial economic data, complicating decision-making.

Recent labour market developments show slowed job gains, raising concerns about employment. The Fed is also cautious about reducing rates too quickly due to inflation remaining above their 2 per cent target, reflecting a complex economic landscape. Policymakers have struggled with decisions amid data limitations from the government shutdown, impacting their assessments of inflation and economic indicators.


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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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