News
He’s Out – Novak Djokovic to be deported
World tennis ace Novak Djokovic will be deported after the Australian government cancelled his visa, just days out from the Australian Open.
Australian Immigration Minister Alex Hawke has cancelled Novak Djokovic’s visa, declaring that he exercised his power under section 133C (3) of the Migration Act.
However, the 34-year-old Serbian can still launch another legal challenge to remain in Australia.
The men’s tennis number one was scheduled to play in the Australian Open, which begins on Monday.
Mr Hawke says he intervened on “health and good order grounds, on the basis that it was in the public interest to do so.”
“This decision followed orders by the Federal Circuit and Family Court on 10 January 2022, quashing a prior cancellation decision on procedural fairness grounds.
“In making this decision, I carefully considered information provided to me by the Department of Home Affairs, the Australian Border Force and Mr Djokovic.
“The Morrison Government is firmly committed to protecting Australia’s borders, particularly in relation to the COVID-19 pandemic.”
Immediate injunction
Djokovic’s lawyers are expected to file an injunction against his deportation, while the tennis ace is also expected to be interview by the Department of Immigration.
Australian Prime Minister Scott Morrison defended the decision, saying Australians had paid a tough price during lockdown over the last two years.
“This pandemic has been incredibly difficult for every Australian but we have stuck together and saved lives and livelihoods,” the Prime Minister said. “Together we have achieved one of the lowest death rates, strongest economies and highest vaccination rates, in the world.
“Australians have made many sacrifices during this pandemic, and they rightly expect the result of those sacrifices to be protected.
“This is what the Minister is doing in taking this action today.”
scott morrison, australian pm
Opposition leader Anthony Albanese accused the government of being caught flat-footed.
“There are so many areas whereby the Morrison government’s character shows out, that it always responds too little and too late, that it never actually envisages a problem that’s coming down the track, doesn’t act until a problem becomes a crisis.”
“Novak Djokovic and his participation in the Australian Open has been the number one sports story in the world for months … It is now almost 60 days since his visa was granted. They have never answered the question of how is it that that visa was granted in the first place if he wasn’t eligible because he wasn’t fully vaccinated.”
How we got to this point
Novak Djokovic arrived in Melbourne on January 5 and promptly had his visa canceled for entering Australia without a valid reason.
He spent several nights in a detention hotel in Melbourne.
His lawyers challenged the decision and won the legal battle on Monday, but since then questions have emerged over Djokovic’s behavior after testing positive for Covid-19 on December 16.
Djokovic acknowledged he did not immediately isolate after receiving a positive diagnosis — but denied knowing he had the virus when attending several public events.
He also apologised for false information on his Australia visa declaration.
News
AI stocks surge amid market shifts and spending warnings
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
AI sector drives economic growth; Meta adjusts strategy, Palantir’s valuation sparks questions, and Nvidia leads amid rising competition.
The artificial intelligence sector continues to be a major driver of growth for both the U.S. and global economies. Companies at the forefront of AI innovation are influencing market trends and reshaping industries worldwide.
Meta’s stock has rebounded slightly following reports of potential cost-cutting measures and job reductions in its Reality Labs division. Investors are watching closely as the company adjusts its strategy to manage rising expenses and optimize innovation.
Palantir is trading at over 120 times forward sales and 180 times forward earnings, signaling investor confidence but also raising questions about valuation risks. Meanwhile, Nvidia maintains a market cap of $4.2 trillion as a leading AI chip supplier, yet competition is ramping up.
These moves highlight the growing tension between tech giants’ AI ambitions and the practical need to balance profits with heavy R&D spending.
Some analysts, however, warn that rapid growth may not be sustainable, with current levels of AI-related spending potentially overshooting realistic returns.
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#AIStocks #TechInvesting #Nvidia #Meta #Palantir #ArtificialIntelligence #StockMarket #TickerNews
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AI investments set to surge in 2026 as companies target productivity gains
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts forecast $500 billion AI investment by 2026, transforming corporate spending priorities and enhancing economic productivity.
Analysts predict that artificial intelligence companies could invest over $500 billion in 2026, signaling a major shift in corporate spending priorities. This surge in capital allocation comes as businesses look to harness AI to drive growth and efficiency across multiple sectors.
Following strong third-quarter earnings, overall capital spending estimates for 2026 have been revised upward. However, investors are becoming more selective, focusing on companies that can clearly demonstrate revenue benefits from their AI investments, separating hype from tangible results.
AI adoption is expected to boost economic productivity, with significant investment already flowing into AI infrastructure such as semiconductors and data centres. The coming year could redefine how companies leverage technology to gain a competitive edge.
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#AIInvestment #TechGrowth #FutureEconomy #DataCenters #Semiconductors #ArtificialIntelligence #ProductivityBoost #CapitalSpending
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Stocks, AI and the economy: What to expect in 2026
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025’s market turmoil analyzed: AI hype, tariffs, global politics, and Federal Reserve impacts—tune in for expert insights!
2025 has been a rollercoaster for investors, with AI hype, tariffs, and global politics shaking up markets. We break down what these trends mean for your portfolio and the risks ahead.
Joining us for insights is Kyle Rodda from Capital.com, who explains how Treasury yields, unemployment data, and inflation readings are shaping investor sentiment. We also dive into what the Federal Reserve’s recent moves could mean for 2026.
From the potential impact of a 43-day government shutdown to payroll numbers and market expectations, this episode gives you the clarity you need to navigate the next year in stocks.
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