By: Jonathon Davidson
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Corporations Act Amendments see ASX Announcement Red Tape Eased for Directors
Which-50.com
Firstly directors and companies will be liable for continuous disclosure law breaches only where they acted with "knowledge, recklessness or negligence" with respect to updates on price-sensitive information to the market.
Secondly, the amendment restored the ability of companies to use electronic signatures during the pandemic and hold virtual annual general meetings.
Peak Body for Vegetable Growers want Pacific Workers Brought to Oz Yesterday
Fruitnet.com
Pacific Islands workers are key to addressing the immediate labour shortages for Australia's fruit and vegetable growers, according to peak industry body Ausveg.
"Increasing the number of workers from the Pacific Islands and increasing Australia's quarantine capacity are critical in ensuring Australia's vegetable and potato growers have access to the workers they need to harvest their produce," it said in a statement.
AIHW: 25% of Women in Oz Having Kids over 35, Two-Thirds of which are Second Time Mothers
Emintra.co.nz
Author's note: today's ABS population snapshot for Sunday 15 August —
On 15 August 2021 at 04:22:38 PM (Canberra time), the resident population of Australia is projected to be: 25,800,297.
This projection is based on the estimated resident population at 31 December 2020 and assumes growth since then of one birth every 1 minute and 43 seconds.
The number of babies born to older mothers is increasing over time, according to data released by the [AIHW]. According to the latest data in 2019, more than 76,000 babies were born to mothers over the age of 35, compared to about 69,000 in 2009 and 42,000 in 1999.
Since 1999, the birth rate for women aged 40-44 has almost doubled, from 15.5 mothers per 1,000 women in 2019 to 8.4 mothers per 1,000 women in 1999. did. 2019 compared to 0.3 mothers in 1999.
In 2019, more than half (55%) of mothers over the age of 40 gave birth by Caesarean section.
USDA Upgrades their Crop Forecast for Australian 2021 Wheat as World Crops Fail
Sharecafe.com.au
The upgrade came in the latest update for the American harvests from the US Department of Agriculture (USDA) which saw wheat prices hit a three-month high of $US7.53 a bushel on the CBOT, up 3.7% on the day.
Driving the rise were cuts to the estimates of the current Russian and Canadian wheat crops – the USDA cut its outlook for production in Russia, the world's top exporter to 72.5 million tonnes in 2021, a 12.5 million tonne fall from last month.
The USDA also cut Canadian production by 7.5 million tonnes to 24 million tonnes. Those cuts are bullish for the Australian harvest and for GrainCorp.
The USDA forecast Australian production at 30 million tonnes for 20-2, more than double the 14.98 million in 19-20 with exports forecast to jump to 23 million tonnes from just 9.14 million tonnes.
5,000 Jobs In Limbo as Volvo Suspends Europe Production for Three Days this Week
BrusselsTimes
The worldwide shortage of microchips means that the Volvo Cars factory in Ghent will shut down on Monday, Thursday and Friday next week, putting 5,000 employees on temporary unemployment.
The shortage of chips is a result of the coronavirus pandemic. When the virus first struck in 2020, many factories cut back on production, and the problem was made worse by the fact that much of the world's production comes from China.
The shortage will not be rapidly taken care of: forecasts are that the backlog in orders could take years to be worked out.
Lebanon Likely to see Extended Violence and Unrest over Further Fuel Rises
The Guardian
Author's note: Earlier this week, the Lebanese government made public its decision to cancel fuel importer subsidies coming into Lebanon, a country already on the brink. The subsidies mean the Lebanese government pays part of the cost of importing fuel, which allows service station owners through Lebanon to charge rates for their fuel that the public can afford. That means cheaper for mums and dads.
Earlier this year, fuel prices rose 35%, and everyone scrambled to collect costs - by that I mean the service station owners - in a country where much of the crude oil (fuel) products that exist are imported, and so, more expensive from the start.
The Lebanese army began shutting down protests in May.
Since then, the situation has deteriorated, and the subsidy cuts installed this week will likely guarantee an extended period of instability. Lebanese hospitals are reporting they have had to shut due to lack of fuel to run generators.
This weekend, in the last 24 hours, more than a dozen people have died following an explosion of unknown source that destroyed a fuel tanker.
Multiple groups are active in the area, and the country has seen ongoing anti-governmental protest which last came to international attention following an explosion at Beirut's central port.
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