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Debt will spiral if Australia fails on climate change

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scott Morrison

New government planning says a failure to respond to climate change will cause Australia’s debt to spiral

It’s predicted that the nation’s cost of capital will increase by 100 basis points without a proper strategy to reach net zero.

The admission was found buried in an annex of analysis… and is likely the first instance a major government has published such a report.

Investors have been piling the heat on the Australian government recently… with many concerned about the country’s continued reliance on coal… with Sweeden’s central bank recently dumping its bonds with two states.

The Climate Bonds Initiative says “it’s a recognition of what’s going on in the world… and investors are becoming very conscious of climate risk”.

Countries rights around the world are readily adopting net-zero strategies… including fellow fossil fuel exporters, Saudi Arabia and the UAE.

But Australia’s plan will see the country only cut the number of greenhouse gases being produced by a third… while also being dependent on yet to be developed eco-technologies.

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Washington Post layoffs: Hundreds of journalists cut as Bezos faces criticism

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The Washington Post has laid off hundreds of employees, marking what former executive editor Martin Baron calls “one of the darkest days” in the paper’s history. Approximately one-third of the newsroom staff were affected, as the company undertakes a so-called “strategic reset” to compete in a crowded media landscape.

The cuts hit key areas, including the sports desk, local coverage, international reporting, the books desk, and the flagship daily news podcast. Editor-in-Chief Matt Murray said the changes aim to prioritise national security, politics, science, health, technology, climate, and business coverage while positioning the Post for the future.

Critics have called out owner Jeff Bezos for his silence during the layoffs and alleged efforts to influence the paper’s political stance. Former editor Baron warned that the newspaper’s ambitions would be sharply diminished and its credibility could suffer.

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Amazon launches AI tools to change film and television production

Amazon MGM Studios tests AI to streamline production, reduce costs, enhancing but not replacing human creativity, says AI Studio team.

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Amazon MGM Studios tests AI to streamline production, reduce costs, enhancing but not replacing human creativity, says AI Studio team.

Amazon MGM Studios is stepping into the future of entertainment by developing artificial intelligence tools designed to reduce production costs and streamline filmmaking processes. This closed beta, launching in March, will let industry partners test how AI can enhance creativity and efficiency on set.

Amy Cheng, leading the AI Studio team, emphasises that while AI can accelerate workflows, it will never replace the unique contributions of human creativity. The initiative represents Amazon’s push to innovate in content creation while maintaining the art of storytelling.

The use of AI in Hollywood is expanding rapidly, sparking discussions about its impact on jobs and the future of the industry. As studios explore automation, the balance between efficiency and human artistry remains a central concern.

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Ryan Routh receives life sentence for attempted Trump assassination

Ryan Routh sentenced to life for attempting to assassinate Trump; lawyer plans to appeal due to personal issues.

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Ryan Routh sentenced to life for attempting to assassinate Trump; lawyer plans to appeal due to personal issues.

Ryan Routh, who attempted to assassinate former President Donald Trump, has been sentenced to life in prison. The 59-year-old was convicted on five criminal counts after representing himself during the trial.

U.S. District Judge Aileen Cannon described Routh’s actions as a premeditated plot to take a human life. Prosecutors emphasised that his plan was aimed at disrupting American democracy.

Routh’s attorney plans to appeal the conviction, arguing that he is a troubled individual with a good core. Routh had been found hiding with a firearm near Trump’s golf course shortly before the 2024 election.

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