15 August 2022
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5 Things you need to know today

Switzer Daily
27 July 2022

1. More chaos and queues at airports this week

Travellers are being warned to expect more chaos and queues at airports this week – as ground crews take Industrial action.  the Emirates-owned airport services provider Dnata, supplies baggage handling for up to 20 airlines, including Qantas, Singapore Airlines, Etihad and Air ­Canada. Qantas Domestic and International Andrew David chief executive slammed the move and said thousands of international travellers would be impacted if the action went ahead.

2. Taronga and Melbourne zoos introduce restrictions to protect animals against foot-and-mouth disease

Taronga and Melbourne zoos have introduced measures to protect their animals from the foot-and-mouth disease outbreak that is threatening Australia. New biosecurity measures include suspension of walkthroughs such as the giraffe, kangaroo and elephant animal encounters will not be available at the moment. All recent travellers from Indonesia must wait at least 48 hours before visiting the zoo.

3Vegetable prices continue to soar

Vegetable growers in WA have halved their crop sizes due to high input costs and ongoing labour shortages. High demands in the eastern states due to recent floods will see veggie prices remain high for months.

4. Mcdonald's is offering workers $1000 sign-on bonuses

Teenagers landing their first job at Mcdonald's can get $1000 for signing up at one store, while Grill’d is offering $10k for managers as skills shortage crisis continues. One Mcdonald's restaurant has resorted to offering cash incentives of $1000 to secure staff. However, the $1000 sign-on bonus was not available at all stores, but franchisees often opted to offer additional incentives for recruitment.

5. Market overview

ASX futures down 30 points or -0.4% to 6681, with AUD -0.2% to 69.38 US cents

On Wall St: Dow -0.4% S&P 500 -1.1% Nasdaq -1.7%

In Europe: Stoxx 50 -0.8% FTSE flat DAX -0.9% CAC -0.4%

Brent crude -0.2% to $US104.90 a barrel

Iron ore -6% to $US112.50 a tonne

2-year yield: US 3.04% Australia 2.67%


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