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☆ Here's why investors shouldn’t sell on the typical hate-Apple-trade headlines
▼ + stars: | 2023-10-31 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Investors should not jump to offload Apple (AAPL) shares because of a handful of cautious reports ahead of this week's quarterly results. Jim Cramer points out that this has been happening since the first iPhone was released in 2007 and even before that. Even in high-conviction stocks like Apple, we do the homework to constantly test our investment thesis against new developments. "It's a classic negative piece on the company that crystalizes the 'hate Apple trade' that's been going on," Cramer wrote in his Top 10 Things to Watch Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim's, that's, Cramer, there's, Apple, China hasn't, Needham, Jim Cramer's, Jim, Tim Cook, Loren Elliott Organizations: Apple, Wall Street, Google, Justice Department, IDC, Street Journal, U.S, MacBook, CNBC Locations: China, India, Cupertino , California

A new Apple Watch Ultra 2 is displayed during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Masimo's 2021 complaint said the 2020 Apple Watch Series 6, the first model with blood-oxygen monitoring capabilities, infringed its patents. Apple has since shifted some of its Apple Watch production to Vietnam. Irvine, California-based Masimo has accused Apple of stealing its technology and incorporating it into several Apple Watch models. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.

Persons: Loren Elliott, Joe Biden's, Masimo, Joe Kiani, Apple's wearables, AirPods earbuds, Blake Brittain, David Bario, Grant McCool, Bill Berkrot Organizations: Apple Watch, REUTERS, U.S . International Trade Commission, Apple, U.S ., Appeals, Federal Circuit, ITC, Thomson Locations: Cupertino , California, U.S, China, Vietnam, Irvine , California, California, Delaware, Washington

Customers seen in the self-service checkout area of a Coles supermarket in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsOct 26 (Reuters) - Australian retailers are ramping up their tech security initiatives, including placing cameras at self-checkouts and body-worn cameras on staff, to combat a surge in stock theft and customer aggression aggravated by the cost of living crisis. "Unfortunately the data suggests it's continuing to occur," added Thomson, whose firm counts Coles and Woolworths as clients. Reports of store theft surged 23% in Australia's three largest states of New South Wales, Victoria and Queensland, home to three-quarters of the population, in the year to March 2023, according to the latest available government statistics, as COVID-related restrictions ended. Reports of threatening behaviour by shoppers rose to 17% of all security reports logged by Australian store staff in 2023, from 10% three years earlier, according to Auror data reviewed by Reuters.

Persons: Loren Elliott, Phil Thomson, Thomson, Coles, Leah Weckert, Weckert, Brad Banducci, Gerard Dwyer, Rishav Chatterjee, Byron Kaye, Praveen Menon, Christian Organizations: Coles, REUTERS, Woolworths, New, Reuters, National, of, Allied Employees Association, Thomson Locations: Sydney, Australia, New Zealand, Australia's, New South Wales, Victoria, Queensland, Bengaluru

☆ Australia's Westpac warns of $109 mln hit to fiscal 2023 profit
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

The bank sees an increase in provisions for customer refunds and associated payments and restructuring costs, among others, in fiscal 2023. Westpac reported a net profit attributable of A$5.69 billion in fiscal 2022. The company noted that the notable items recorded in fiscal 2023 are significantly lower than the notable items of A$874 million recorded in fiscal 2022. The net impact of these one-off items will reduce the bank's common equity tier 1 capital ratio by 4 basis points, it added. ($1 = 1.5855 Australian dollars)(This story has been corrected to say Westpac warns of a hit, not lower fiscal 2023 profit, in the headline)Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Loren Elliott, Roushni Nair, Shailesh Organizations: Westpac, Central Business District of, REUTERS, Westpac Banking Corp, Thomson Locations: Central Business District of Sydney, Australia, Bengaluru

☆ China vice premier pushes for more Apple investment, cooperation
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

Apple CEO Tim Cook attends the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Sales of iPhone 15 models in their first 17 days in China were down 4.5% compared to the iPhone 14, Counterpoint Research said, without providing specific figures. China in September widened curbs on the use of iPhones by state employees, telling staff at some central government agencies to stop using their Apple handsets at work. "China is willing to provide more opportunities for foreign-funded enterprises including Apple to develop in the country," Ding told Cook in a meeting on Thursday, according to Chinese state radio. Cook said Apple was confident in the prospects of Chinese market, and was willing to strengthen cooperation with China in fields including high-end manufacturing and digital economy, the state radio reported.

Persons: Tim Cook, Loren Elliott, Ding Duexiang, Cook, Cook's, Ding, Apple, Ethan Wang, Bernard Orr Organizations: Apple, REUTERS, Rights, U.S, Huawei, Research, Thomson Locations: Cupertino , California, U.S, Rights BEIJING, Beijing, China

☆ Australia antitrust watchdog to oversee domestic air travel sector
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

A Qantas plane takes off from Kingsford Smith International Airport, following the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott Acquire Licensing RightsCompanies Qantas Airways Ltd FollowSYDNEY, Oct 18 (Reuters) - Australia will ask its competition watchdog to monitor domestic passenger flights in a bid to boost competition in a sector dominated by national carrier Qantas, which is under scrutiny for alleged anti-competitive behaviour. The Australian Competition and Consumer Commission (ACCC) will monitor prices, costs and profits in the domestic air passenger sector, according to a joint statement from Treasurer Jim Chalmers and Transport Minister Catherine King on Wednesday. "A competitive airline industry helps to put downward pressure on prices and deliver more choice for Australians facing cost-of-living pressures," the statement said. "ACCC market scrutiny will help ensure airlines compete on their merits, bring to light any inappropriate market conduct should it occur, and provide continued transparency at a time when new and expanding airlines are still trying to establish themselves."

Persons: Loren Elliott, Jim Chalmers, Catherine King, Alan Joyce, Lewis Jackson, Muralikumar Organizations: Qantas, Kingsford Smith International, REUTERS, Rights Companies Qantas Airways Ltd, SYDNEY, Australian Competition, Consumer Commission, Transport, Qatar Airways, Thomson Locations: Sydney, Australia

☆ China's commerce minister meets with Apple's Tim Cook in Beijing
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

Apple CEO Tim Cook gestures at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, U.S. June 5, 2023. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsBEIJING, Oct 18 (Reuters) - China's commerce minister Wang Wentao met with Apple's Chief Executive Tim Cook in Beijing on Wednesday, according to a statement by the Chinese commerce ministry. They discussed Apple's development in China and also the Sino-US trade relationship, the statement said. China will firmly promote high-level opening up and continue to expand market access, the ministry statement quoted Wang as saying, adding that China welcomes multinational companies including Apple to achieve win-win development. Reporting by Beijing newsroom; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Tim Cook, Loren Elliott, Wang Wentao, Wang, Alexandra Hudson Organizations: Apple, Developers, REUTERS, Rights, Apple's, Beijing, Alexandra Hudson Our, Thomson Locations: Cupertino , California, U.S, Rights BEIJING, Beijing, China

☆ Australians to reject Indigenous Voice in referendum, final YouGov poll shows
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

More than 4 million people have already cast their ballot after early voting began on Oct. 2. "Our final poll indicates a sweeping ‘No’ victory – with nearing six in 10 voters intending to cast a ‘No’ vote," said Amir Daftari, YouGov Director of Polling and Academic research. Support for the referendum, the first since voters rejected a 1999 proposal to become a republic, has ebbed over the past few months. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive. Referendums are difficult to pass in Australia, with only eight referendums being approved since it became a country in 1901.

Persons: Rita Wright, Loren Elliott, YouGov, Yougov, Amir Daftari, ”, Praveen Menon, Stephen Coates Organizations: Australian, REUTERS, Rights, Aboriginal, Indigenous, Thomson Locations: Sydney, Australia, Torres

☆ Australians to reject Indigenous Voice in referendum - final YouGov poll
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

More than 4 million people have already cast their ballot after early voting began on Oct. 2. With less than two days to go before voting day on Oct. 14, those opposed to the proposal lead the 'Yes' camp by 56% to 38%, according to the final poll by YouGov published on Thursday. "Our final poll indicates a sweeping ‘No’ victory – with nearing six in 10 voters intending to cast a ‘No’ vote," said Amir Daftari, YouGov Director of Polling and Academic research. Support for the referendum, the first since voters rejected a 1999 proposal to become a republic, has ebbed over the past few months. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive.

☆ Nadal to play at Australian Open, says tournament director Tiley
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] Tennis - Australian Open - Melbourne Park, Melbourne, Australia - January 18, 2023 Spain's Rafael Nadal in action during his second round match against Mackenzie Mcdonald of the U.S. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsOct 11 (Reuters) - Rafa Nadal will play at the Australian Open in January, tournament director Craig Tiley said on Wednesday, as the 37-year-old former world number one returns to the sport after undergoing hip surgery earlier this year. The Spaniard, who has won 22 Grand Slam titles, has been out of action since January after hurting his hip flexor in a second-round defeat at the Australian Open. He underwent surgery on a hip muscle in June and was expected to be sidelined for about five months. Tiley also said Australian Nick Kyrgios could return at the Melbourne Park Grand Slam after he underwent knee surgery in January and suffered wrist and foot issues in an injury-plagued 2023. Nadal has won the Australian Open twice, with his last victory coming in 2022 when he beat Russia's Daniil Medvedev and became the first man in the Open era to come back from two sets down in the final to win.

Persons: Spain's Rafael Nadal, Mackenzie Mcdonald, Loren Elliott, Rafa Nadal, Craig Tiley, Rafa, Tiley, He's, Nick Kyrgios, Nick's, Nadal, Novak Djokovic, Russia's Daniil Medvedev, Rohith Nair, Peter Rutherford Organizations: Melbourne, U.S, REUTERS, The, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Australia's Westpac fails to sell pacific banking business
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

A woman exits the ground floor of an office building with Westpac logo amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. "Any failure to successfully divest businesses means that we may have sustained exposure to higher operating costs and to the higher inherent risks in those businesses," Westpac had told the market during its interim results in May. The bank would be starting a new brand campaign in the months ahead in both the countries in a move to improve its standing in local markets, Anthony Miller, CEO of Westpac business and wealth division said in a statement. The company said its pacific business was continuing to see growth along with operational recovery post COVID, which presented Westpac an option to invest in the operations. ($1 = 1.5863 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Additional Reporting by Ayushman Ojha; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Loren Elliott, Anthony Miller, Rishav Chatterjee, Ayushman Ojha, Rashmi Organizations: Westpac, Central Business District of, REUTERS, Kina Securities, Thomson Locations: Central Business District of Sydney, Australia, Fiji, Papua New Guinea, Bengaluru

☆ Apple CEO Tim Cook makes $41 mln from biggest stock sale in two years
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Apple CEO Tim Cook attends the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsOct 4 (Reuters) - Apple (AAPL.O) Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. A report from research firm Canalys showed North American smartphone shipments were expected to fall 12% in 2023.

Persons: Tim Cook, Loren Elliott, Cook, Chavi Mehta, Akash Sriram, Anil D'Silva Organizations: Apple, REUTERS, KeyBanc, Thomson Locations: Cupertino , California, U.S, United States, American, Bengaluru

The latest Guardian Essential poll shows the yes vote rose two points to 43% over the past fortnight, while the no vote slipped two points to 49%. Prime Minister Anthony Albanese said on Tuesday that people tended to support the referendum once they understood the details of the proposal. Unlike New Zealand or Canada, Australia has no treaty with its Indigenous people, who make up about 3.2% of its population of 26 million. Indigenous groups were marginalized by British colonial rulers and are not mentioned in Australia's 122-year-old constitution. The referendum debate has divided opinion, with supporters arguing the Voice will bring progress for the Aboriginal community, while opponents say it would be divisive.

Persons: Rita Wright, Loren Elliott, Anthony Albanese, Albanese, They're, Lewis Jackson, Tom Hogue Organizations: Australian, REUTERS, Rights, Guardian, Triple M Hobart, Nations, New, Thomson Locations: Sydney, Australia, Tasmania, New Zealand, Canada

☆ Australia's Qantas chairman says shareholders want him despite turmoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX) on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted leadership continuity even as its shares track a one-year low. "I've had meetings with our major shareholders two weeks ago, and they are very strongly supportive of me staying," Goyder told the hearing. "While I retain the confidence of shareholders and the board, I will continue to serve. But she and Goyder, the Qantas chairman since 2018, denied having any discussions about the Qatari request with any member of the federal government. Qatar Airways' senior vice-president of global sales, Matt Raos, told the hearing the company was "surprised and shocked" its application was denied without a reason given.

Persons: Loren Elliott, Richard Goyder, I've, Goyder, we've, isn't, Vanessa Hudson, Jayne Hrdlicka, Hrdlicka, Matt Raos, Byron Kaye, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights, Qantas Airways, Stock, Qatar Airways, Virgin, Thomson Locations: Sydney, Australia, Virgin Australia, Qatar

☆ Qantas charter unit's pilots vote in favour of protected industrial action
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Three pilot groups, including pilots from aircraft charter company Network Aviation, have been negotiating with Qantas management over wage policy revisions. A spokesperson for QantasLink, an airline brand of Qantas, termed the step towards industrial action by the AFAP as "disappointing". "We have already reached in-principle agreement with the two other unions representing Network Aviation pilots, and we're continuing to negotiate in good faith to secure new agreements with our turboprop pilots." There are contingency plans in place to minimise disruptions to customers if the union proceeds with the industrial action, the spokesperson told Reuters. The AFAP also flagged the potential industrial action might impact certain charter flight operations to large mines and oil gas projects in Western Australia.

Persons: Loren Elliott, Rishav Chatterjee, Lewis Jackson, Aishwarya Nair, Rashmi Organizations: Qantas, Sydney Airport, REUTERS, Pilots, Network Aviation, Qantas Airways, Australian Federation of Air Pilots, Reuters, Network Aviation's, Thomson Locations: Sydney, Australia, Western Australia

Adding to its woes, last month the antitrust regulator sued Qantas accusing it of selling fares on thousands of already-cancelled flights in 2022. The so-called "flying kangaroo" said it would now spend A$80 million ($52 million) on "customer improvements" on top of the A$150 million previously flagged. "The group will continue to absorb these higher costs, but will monitor fuel prices in the weeks ahead and, if current levels are sustained, will look to adjust its settings," Qantas said. "Any changes would look to balance the recovery of higher costs with the importance of affordable travel in an environment where fares are already elevated." RBC Capital Markets analyst Owen Birrell said the company would likely absorb the higher fuel costs "until its target margins come under pressure and then would seek to claw back those costs through capacity cuts and higher fares.

Persons: Loren Elliott, Owen Birrell, Byron Kaye, Himanshi, Kim Coghill, Subhranshu Organizations: Qantas, Sydney Airport, REUTERS, Australia's, Qantas Airways, RBC Capital, Thomson Locations: Sydney, Australia, SYDNEY, Bengaluru

☆ Australia's Qantas flags hit from higher fuel prices
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Loren Elliott/File Photo Acquire Licensing RightsSept 25 (Reuters) - Australia's Qantas Airways (QAN.AX) said on Monday higher fuel prices were expected to drive its fuel bill higher by about A$200 million ($128.80 million) in the first half of financial year 2024. "Fuel prices have increased by around 30% since May 2023, including a 10% spike since August. This is driven by a combination of higher oil prices, higher refiner margins and a lower Australian dollar," the carrier said in a statement. The company expects a further A$50 million impact due to non-fuel-related foreign exchange changes in the first half of the current fiscal year. Qantas said the customer-improvement initiative would be funded from its profit.

Persons: Loren Elliott, Himanshi, Kim Coghill, Subhranshu Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Thomson Locations: Sydney, Australia, Bengaluru

☆ Not much exciting about Aussie banks as high costs pressure earnings, Macquarie says
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Australia's "Big Four" banks - among the top seven listed companies in the country - control 75% of the country's A$2 trillion mortgage market. That euphoria is now largely over as high living costs impact borrowers' capacity to repay loans. Macquarie, an investment bank with a small retail banking operation, said banks' cost bases are likely to remain under pressure as more than 70% of their expenses related to personnel. Macquarie added that it expects banks' expenses to grow by around 1% to 7% in fiscal 2023 through to fiscal 2025, with third-biggest lender Westpac Banking Corp (WBC.AX) seen being impacted more than its peers. The regional banks will remain disadvantaged in the current environment as they will have to continue to invest to keep up, Macquarie said, estimating up to 4% higher expenses than consensus.

Persons: Loren Elliott, Macquarie, Sameer Manekar, Janane Organizations: Central Business, REUTERS, Macquarie, Westpac Banking Corp, ANZ Group Holdings, CBA, NAB, Adelaide Bank, Bank of Queensland, Thomson Locations: Sydney, Australia, Bendigo, Bengaluru

☆ Record numbers of Australians enrol for referendum on Indigenous recognition
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +3 min

The proposal has been struggling to get majority support with recent opinion polls showing voters are will reject it. A record 97.7% of eligible Australians have enrolled to vote in the referendum, the Australian Election Commission (AEC) said in a statement late on Thursday. More than 8.4 million people, 47% of the roll, were not enrolled when the last referendum was held in 1999, the commission added. Indigenous Australians, who account for 3.8% of the population, face disadvantages including discrimination, poor health and education outcomes and high incarceration rates. Some Indigenous Australians want stronger action, including a treaty with the government.

Persons: Rita Wright, Loren Elliott, Tom Rogers, Anthony Albanese's, Albanese, we’ll, Praveen Menon, Lincoln Organizations: Australian, REUTERS, Rights, Torres Strait, Commission, Nations, Anthony Albanese's Labor, Thomson Locations: Sydney, Australia

☆ Australia to hold independent inquiry into handling of COVID pandemic
▼ + stars: | 2023-09-21 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

REUTERS/Loren Elliott/file photo Acquire Licensing RightsSYDNEY, Sept 21 (Reuters) - Australia's centre-left Labor government on Thursday said it would hold an independent inquiry into the handling of the COVID-19 pandemic to better prepare for future health crises. Australia closed its international borders and locked down cities among other pandemic restrictions that helped keep infections and deaths far below levels in other comparable developed economies such as the United States and Britain. A three-member panel, which includes an epidemiologist, public service expert and economist, will conduct the inquiry, Prime Minister Anthony Albanese told a media conference. "We need to examine what went right, what could be done better with a focus on the future," Albanese said. "Because the health experts and the science tells us that this pandemic may ... not likely to be the last one that occurs."

Persons: Loren Elliott, Anthony Albanese, " Albanese, Albanese's, Peter Dutton, Renju Jose, Miral Organizations: REUTERS, Rights, Labor, Thomson Locations: Sydney, Australia, United States, Britain, Victoria, Melbourne

☆ Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals
▼ + stars: | 2023-09-20 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

Alan Joyce, Chief Executive Officer of Qantas, speaks with members of the media at an event celebrating Qantas' 100th birthday at Sydney Airport in Sydney, Australia, November 16, 2020. Most of the amount was share-based incentives that Joyce was allowed to cash in after they vested, according to the report. It could also "claw back" unvested stock bonuses for Joyce, currently worth A$6 million, it said. Joyce's final pay packet encapsulates his decade and a half of running the company, which dominates Australian air travel. Qantas must return to the Federal Court to determine what it must pay in penalties and compensation to affected workers.

Persons: Alan Joyce, Loren Elliott, Joyce, Richard Goyder, disquiet, Alan, Goyder, Byron Kaye, Sameer Manekar, Rashmi Aich, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights Companies Qantas Airways Ltd, Australia's Qantas Airways, Consumer Commission, High Court, Federal, Thomson Locations: Sydney, Australia, Bengaluru

Their work progressed, and an Apple investing feature was meant to roll out in 2022. Source: AppleThe Apple Card launched with much fanfare three years ago, but the business brought regulatory heat and racked up losses as its user base expanded. Earlier this year, Goldman rolled out a high-interest savings account for Apple Card users, offering a 4.15% annual percentage yield. Before Goldman's pivot away from retail banking, the company examined ways to expand its partnership with Apple, sources said. WATCH: Goldman's Apple Card faces mounting credit losses

Persons: Goldman Sachs, Goldman, Tim Cook, Loren Elliott, That's, David Solomon, Charles Schwab, Morgan Stanley's, It's, Robinhood, Elon Musk's Organizations: Apple, Goldman, Reuters Apple, GameStop, AMC, Apple Card, American Express, . Stock, eToro, PayPal Locations: Cupertino , California, U.S, Block's

☆ Former Pacific leaders hope Australians 'find conscience' to pass First Nations referendum
▼ + stars: | 2023-09-19 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

Passing the referendum should be a "first step" towards a treaty with First Nations people, they added. It has also pointed to historical trade by the country's First Nations people with Pacific Islands as a basis for strong modern ties, amid competition for influence with China. He added that whatever the outcome, his work would continue to highlight that Australia's First Nations people had been linked by trade to the Pacific Islands for centuries. Indigenous Australians, who account for 3.8% of the population, face disadvantages including discrimination, poor health and education outcomes and high incarceration rates. Some Indigenous Australians want stronger action, including a treaty with the government.

Persons: Rita Wright, Loren Elliott, Anote Tong, Tommy Remengesau, Hilda Cathy Heine, Anthony Albanese's, Justin Mohamed, Julie Bishop, Kirsty Needham, Edwina Gibbs Organizations: Australian, REUTERS, Rights, Former Pacific Islands, First Nations, Kiribati, Marshall, Pacific Elders Voice, Reuters, Aboriginal, Torres Strait, Nations, Vanuatu, VBTC, Thomson Locations: Sydney, Australia, Palau, Pacific, China, Islands

☆ Business group standards aim to help firms account for nature-related risks
▼ + stars: | 2023-09-18 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

"Some companies have told us their estimations of their nature risk are larger than their climate risks." The guidelines aim to get companies to report their nature risks in ways that mirror their financial and economic reporting that for decades have been part of regular corporate operations. Both the climate and nature frameworks urge companies to choose appropriate indicators to measure, monitor and report their risks. Climate and nature-related risks are often closely connected, Goldner said. The 14 recommendations launched on Monday include describing nature-related risks and opportunities to business models, and explaining management's role in assessing and handling them.

Persons: Jack Bertenthal, Loren Elliott, Tony Goldner, Goldner, Isla Binnie, Timothy Gardner Organizations: Tahoe Community College, Research, REUTERS, Bank, KPMG, BlackRock, HSBC, Tata Steel, United Nations, Thomson Locations: Blodgett, Georgetown , California, U.S

☆ Thousands in Australia rally for struggling Indigenous referendum
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] A depiction of the Australian Aboriginal Flag is seen on a window sill at the home of indigenous Muruwari elder Rita Wright, a member of the "Stolen Generations", in Sydney, Australia, January 19, 2021. REUTERS/Loren Elliott Acquire Licensing RightsSYDNEY, Sept 17 (Reuters) - Thousands rallied in Australia on Sunday to support recognising the country's Indigenous people in the constitution, a proposal that is struggling ahead of a referendum next month. Indigenous Australians, who account for 3.8% of the population, face disadvantages including discrimination, poor health and education outcomes and high incarceration rates. To change the constitution, the referendum, backed by Prime Minister Anthony Albanese's Labor government, would require a national majority in favour and majorities in at least four of Australia's six states. Most Indigenous people favour the referendum, but some, like prominent No campaigner Warren Mundine, say it is a distraction from achieving practical and positive outcomes and would not fully resolve the issues affecting them.

Persons: Rita Wright, Loren Elliott, Anthony Albanese's, Warren Mundine, we've, Mundine, Sam McKeith, William Mallard Organizations: Australian, REUTERS, Rights, Aboriginal, Torres Strait, Australian Broadcasting Corp, Anthony Albanese's Labor, ABC, Thomson Locations: Sydney, Australia, Brisbane, Sydney , Melbourne, Perth, Hobart, Canberra, Darwin, Newcastle

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