News
Private sector jobs fall as ADP reveals major slowdown in November
ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.
ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.
ADP has revealed a surprise decline of 32,000 private sector jobs in November, signalling renewed pressure across the labour market. Small businesses in particular have been hit hardest, raising fresh concerns about resilience heading into the new year.
Economists warn that slowing hiring momentum and weakening pay growth point to a broader shift in worker demand. With consumers increasingly expecting unemployment to rise, sentiment across industries continues to cool.
The market now turns its attention to the upcoming Bureau of Labor Statistics report, which will offer a crucial read on whether this slowdown is temporary—or a sign of something much larger.
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News
Australia warned of major electricity price surge without faster renewable rollout
Australia may face a 13% electricity price hike next decade without faster renewable energy project implementation, warns energy watchdog.
Australia may face a 13% electricity price hike next decade without faster renewable energy project implementation, warns energy watchdog.
Australia’s energy watchdog is warning that households could be hit with a 13% jump in electricity prices early next decade if renewable energy projects don’t accelerate. The Australian Energy Market Commission says the next five years will be critical to boosting clean generation and battery storage.
While a modest 5% drop in power bills is expected over the short term, delays in wind projects and transmission updates could see prices climb by as much as 20%. Energy Minister Chris Bowen also cautions that extending the life of ageing coal plants could push costs and pollution even higher.
Experts say that faster renewable construction could cut future prices by up to 10%, and that widespread electrification could transform long-term household savings.
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Immigration crackdown escalates tensions In New Orleans
New Orleans faces fear as immigration operation targets undocumented immigrants, sparking community concern and calls for accountability.
New Orleans faces fear as immigration operation targets undocumented immigrants, sparking community concern and calls for accountability.
U.S. immigration officials have launched a new enforcement operation in New Orleans targeting undocumented immigrants, with a particular focus on individuals released from local custody under sanctuary-style policies. The move has sparked a wave of concern across the community.
Residents say the tactics used by federal agents are creating fear among families, including those without criminal records. One restaurant owner has even created makeshift sleeping spaces to keep loved ones out of sight as the operation intensifies.
Local leaders, including council member Lesli Harris, are calling for clarity and accountability as the operation continues through the end of the year. The full scope of the federal action remains uncertain.
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Australia’s new National AI Plan aims to transform the future of tech
Australia’s National AI Plan aims to make it a global leader in AI, focusing on safe, responsible innovation and workforce support.
Australia’s National AI Plan aims to make it a global leader in AI, focusing on safe, responsible innovation and workforce support.
Australia has unveiled its ambitious National AI Plan, a blueprint designed to position the country as a global leader in artificial intelligence. The plan focuses on building smarter infrastructure, strengthening domestic capability, and encouraging innovation across a wide range of sectors.
A key priority is ensuring the safe and responsible use of AI technologies. This includes frameworks to prevent harm, attract global investment, and boost industry collaboration while unlocking opportunities for businesses and communities across the nation.
The government also aims to support and upskill Australian workers, promoting widespread adoption of AI and improving public services. The vision is to ensure every corner of the country benefits from the next wave of technological progress.
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