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Who will be the winners in Australia’s Federal Budget?

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Australia’s Federal Budget is set to be unveiled in a couple of hours time, with the world watching to see how Australia plans to financially rebound from the pandemic.

The budget is set to see a huge boost to jobs, worth $550 million.

Here’s what we know so far…

  • Lower Taxes, an aim at driving down the unemployment rate.
  • 2.3 billion is set to boost mental health services. with almost 300 million going towards suicide prevention.
  • Major focus on WOMEN’S health, with $354 million dollars, for breast and cervical cancer awareness, funding for reproductive health among other things.
  • The hardest hit industry…. tourism and aviation will see a 1.2 billion dollar package.
  • Single home buyers will see huge cash boosts and lower deposit rates.
  • Clean energy set to see$566 million dollars towards low emissions technology partnerships.

TickerNEWS will be bringing you rolling coverage of The Federal Budget LIVE as it happens.

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Indonesia’s inflation soars to a 5-year high

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Indonesia’s inflation rate has hit a five-year high, as businesses continue to pass rising costs onto consumers

As countries around the world deal with the rising cost of living, Indonesia’s inflation rate has exceeded predictions.

The country’s consumer price index rose just above 4 percent in June, which is the biggest year-on-year climb since 2017.

This blew the Bank of Indonesia’s estimates out of the water, with the Bank expecting a rise of between 2 and 4 percent.

Experts say June’s inflation was largely triggered by red chilies, cayenne pepper, cooking oil, and shallots.

Prices of food, beverages, and tobacco all rose above 8 percent, and transportation is also helping drive inflation, especially in airline passenger fees due to high fuel costs.

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Several dead after horror shooting at Copenhagen shopping centre

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Several people are dead after a gunman opened fire at a shopping centre in Copenhagen

A mass shooting incident in one of Denmark’s largest shopping centres has left several people dead and others injured.

A 22-year-old Danish man has been arrested, with police refusing to rule out the attack being an act of terrorism.

Authorities arrived at Field’s mall in the Danish capital late on Sunday afternoon local time, as people were told to stay put and wait for assistance.

Local media has published images of terrified shoppers running for safety, with eyewitnesses describing panic as gunfire echoed through the shopping centre.

Credit: EPA

Singer Harry Styles was due to perform in the city, but the concert has been cancelled. Attendees have asked to leave Copenhagen’s Royal Arena.

LIVE NATION STATEMENT

The multi-storey shopping mall where the attack occurred is around 5 kilometres south of downtown Copenhagen.

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U.S. watching China ‘very closely’ over Taiwan

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The United States is watching China ‘very closely’, but a top official says an attack on Taiwan is ‘not imminent’

China views Taiwan as a breakaway province that must be reunified with the mainland, and by force, if necessary.

United States Chairman of the Joint Chiefs of Staff Mark Milley told the BBC that China is developing a capability to attack Taiwan at some point in time.

Milley says whether or not the nation does this is a political and policy choice, based on how the Chinese view the cost and risk-benefit at the time.

Beijing has accused Washington of supporting Taiwan’s independence vowing to ‘crush’ any such attempt.

Back in May, U.S. President Joe Biden said China was “flirting with danger” by flying warplanes close to Taiwan. The President has vowed to protect the island militarily if required.

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