1. Other countries fill the gap over Australia's restricted exports to China
After China placed trade restrictions on a wide range of exports from Australia, countries including the US and Canada have reaped the benefits. China Customs data published by the AFR reveal that while imports of Australia barley to China fell from US$264 million to nothing in the first half of 2021 while imports from Canada increased from US$200 million to US$400 million. Furthermore imports from France rose from U$S55 million to US$322 million.
2. 43 superfunds submit over 60,000 data revisions in the lead up to APRA test
The AFR reported that 43 superfunds resubmitted data 60,101 times, 27 times more than a typical quarter, in the four months leading up to the Australian Prudential Regulation Authority's inaugural performance test for MySuper products. 13 superfunds failed the test back in August.
3. Business leaders call for vaccine passports as guidelines
The head of Australian Chamber of Commerce Industry, Andrew McKellar, has shared the frustrations of the business community surrounding confusion about vaccine passports. “Business is looking for National Cabinet to stand up today, to provide some clear guidelines, to get agreement across all levels of government and to stick to the plan,” McKellar told the ABC.
4. Dog and cat duo achieve Guinness World Record
Sashimi the 7 years old Bengal cat and Lollipop the 5 years old Boston Terrier, have set a new Guinness World Record for the fastest 5m on a scooter by a dog and cat (pair) with a time of 4.37 seconds.
5. Both the Dow and S&P 500 close lower
In the US on Thursday, the Dow fell 0.18% or 63.07 points to 34,751.32. The S&P 500 dropped 0.16% or 6.95 to 4,473.75. The Nasdaq Composite rose 0.13% or 20.39 to 15,181.92.
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