‘35,000 screaming tourists': Brisbane's role in new tourism strategy
Destination 2045: Queensland's Tourism Future was announced on Monday, but the news mostly concentrated on the introduction of 45 new ecotourism projects.
On Thursday, Minister for the Environment and Tourism Andrew Powell brought together stakeholders at 1 William Street to discuss how Brisbane fits into the plan, with events to lead growth in the local tourism industry.
'If we focus on events, it's sports, culture, music, business,' Powell said.
Loading
'You can have a business event that brings in 5000 delegates that books out hotels. It means that your restaurants and your cafés are full. It means there's certainty around employment in those industries and jobs for locals.
'We want to be the events capital of Australia.'
The news is not entirely new.
Brisbane has been eyeing infrastructure to host larger stadium events since securing the 2032 Olympic and Paralympic Games, and has committed to building a new 63,000 seat stadium at Victoria Park.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
20 hours ago
- Perth Now
Trump calls on US Fed board to take over from Powell
President Donald Trump is calling for the Federal Reserve's board of governors to usurp the power of chair Jerome Powell, criticising the head of the US central bank for not cutting short-term interest rates. Posting on his Truth Social platform on Friday, Trump called Powell "stubborn". The Fed chair has been subjected to vicious verbal attacks by the Republican president over several months. The Fed has the responsibility of stabilising prices and maximising employment. Powell has held its benchmark rate for overnight loans constant this year, saying Fed officials needed to see what impact Trump's massive tariffs had on inflation. If Powell doesn't "substantially" lower rates, Trump said, "THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!" Trump sees the rate cuts as leading to stronger growth and lower debt-servicing costs for the federal government and homebuyers. The president argues there is virtually no inflation, even though the Fed's preferred measure is running at an annual rate of 2.6 per cent, slightly higher than the Fed's two per cent target. Trump has called for slashing the Fed's benchmark rate by three percentage points, bringing it down dramatically from its current average of 4.33 per cent. The risk is that a rate cut that large could cause more money to come into the economy than can be absorbed, possibly causing inflation to accelerate. The Supreme Court suggested in a May ruling that Trump could not remove Powell for policy disagreements. This led the White House to investigate whether the Fed chair could be fired for cause because of the cost overruns in its $US2.5 billion ($A3.9 billion) renovation projects. Powell's term as chair ends in May 2026, at which point Trump can put his Senate-confirmed pick in the seat.
The Advertiser
2 days ago
- The Advertiser
Wall St jumps on Microsoft's blockbuster earnings
The S&P 500 and Nasdaq have climbed to new record highs as Microsoft's blockbuster earnings propelled the tech giant and fueled investor confidence in Big Tech's hefty investments in artificial intelligence. Microsoft became the second publicly-traded company after Nvidia to surpass $US4 trillion ($A6.2 trillion) in market valuation, following a blockbuster earnings report. Meta Platforms also climbed 12.1 per cent to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than one per cent. The S&P technology index and the communication services index both hit record highs, up 1.2 per cent and over three per cent, respectively. In early trading on Thursday, the Dow Jones Industrial Average rose 88.73 points, or 0.20 per cent, to 44,550.01, the S&P 500 gained 45.18 points, or 0.71 per cent, to 6,408.08 and the Nasdaq Composite gained 245.09 points, or 1.16 per cent, to 21,374.76. A Commerce Department report showed US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year. "Thursday's PCE was stronger than expected and throws cold water on the idea of (an autumn) rate-cut, as it's clear that lower interest rates are not justified at this time," said Clark Bellin, president and chief investment officer, Bellwether Wealth. "Inflation remains sticky and justifies the Fed's decision to keep interest rates unchanged at Wednesday's meeting." Separately, weekly jobless claims increased marginally last week, suggesting the labour market remained stable. Attention now turns to Friday's non-farm payrolls report and a looming tariff deadline, with President Donald Trump refusing to extend trade talks for lagging partners. Easing global trade war fears, signs of US economic resilience, and renewed AI optimism have set Wall Street on course for monthly gains. The S&P 500 and blue-chip Dow are set for a third straight monthly gain - their longest winning streak in nearly a year - while the Nasdaq was on track for its best monthly run since March 2024. On Wednesday, Federal Reserve Chair Jerome Powell diluted investor expectations for an interest rate cut in September after the central bank kept rates unchanged. Traders now see a 58.8 per cent chance the Fed will stay pat in September as well, according to CME's FedWatch tool. Powell said it was too early to predict a September rate cut, and that current policy was not restricting the economy. The statement came after stronger-than-expected GDP data for the second quarter. The "hold" verdict prompted another jibe on Powell by Trump, while Treasury Secretary Scott Bessent said he expected an announcement on Powell's successor by year-end. Trump's deal with South Korea on Wednesday cut the country's import tariff to 15 per cent from the previously threatened 25 per cent. Among other stocks, Applied Digital soared 32.7 per cent after the data centre operator surpassed estimates for quarterly revenue. Declining issues outnumbered advancers by a 1.17-to-1 ratio on the NYSE, and by a 1.16-to-1 ratio on the Nasdaq. The S&P 500 and Nasdaq have climbed to new record highs as Microsoft's blockbuster earnings propelled the tech giant and fueled investor confidence in Big Tech's hefty investments in artificial intelligence. Microsoft became the second publicly-traded company after Nvidia to surpass $US4 trillion ($A6.2 trillion) in market valuation, following a blockbuster earnings report. Meta Platforms also climbed 12.1 per cent to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than one per cent. The S&P technology index and the communication services index both hit record highs, up 1.2 per cent and over three per cent, respectively. In early trading on Thursday, the Dow Jones Industrial Average rose 88.73 points, or 0.20 per cent, to 44,550.01, the S&P 500 gained 45.18 points, or 0.71 per cent, to 6,408.08 and the Nasdaq Composite gained 245.09 points, or 1.16 per cent, to 21,374.76. A Commerce Department report showed US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year. "Thursday's PCE was stronger than expected and throws cold water on the idea of (an autumn) rate-cut, as it's clear that lower interest rates are not justified at this time," said Clark Bellin, president and chief investment officer, Bellwether Wealth. "Inflation remains sticky and justifies the Fed's decision to keep interest rates unchanged at Wednesday's meeting." Separately, weekly jobless claims increased marginally last week, suggesting the labour market remained stable. Attention now turns to Friday's non-farm payrolls report and a looming tariff deadline, with President Donald Trump refusing to extend trade talks for lagging partners. Easing global trade war fears, signs of US economic resilience, and renewed AI optimism have set Wall Street on course for monthly gains. The S&P 500 and blue-chip Dow are set for a third straight monthly gain - their longest winning streak in nearly a year - while the Nasdaq was on track for its best monthly run since March 2024. On Wednesday, Federal Reserve Chair Jerome Powell diluted investor expectations for an interest rate cut in September after the central bank kept rates unchanged. Traders now see a 58.8 per cent chance the Fed will stay pat in September as well, according to CME's FedWatch tool. Powell said it was too early to predict a September rate cut, and that current policy was not restricting the economy. The statement came after stronger-than-expected GDP data for the second quarter. The "hold" verdict prompted another jibe on Powell by Trump, while Treasury Secretary Scott Bessent said he expected an announcement on Powell's successor by year-end. Trump's deal with South Korea on Wednesday cut the country's import tariff to 15 per cent from the previously threatened 25 per cent. Among other stocks, Applied Digital soared 32.7 per cent after the data centre operator surpassed estimates for quarterly revenue. Declining issues outnumbered advancers by a 1.17-to-1 ratio on the NYSE, and by a 1.16-to-1 ratio on the Nasdaq. The S&P 500 and Nasdaq have climbed to new record highs as Microsoft's blockbuster earnings propelled the tech giant and fueled investor confidence in Big Tech's hefty investments in artificial intelligence. Microsoft became the second publicly-traded company after Nvidia to surpass $US4 trillion ($A6.2 trillion) in market valuation, following a blockbuster earnings report. Meta Platforms also climbed 12.1 per cent to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than one per cent. The S&P technology index and the communication services index both hit record highs, up 1.2 per cent and over three per cent, respectively. In early trading on Thursday, the Dow Jones Industrial Average rose 88.73 points, or 0.20 per cent, to 44,550.01, the S&P 500 gained 45.18 points, or 0.71 per cent, to 6,408.08 and the Nasdaq Composite gained 245.09 points, or 1.16 per cent, to 21,374.76. A Commerce Department report showed US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year. "Thursday's PCE was stronger than expected and throws cold water on the idea of (an autumn) rate-cut, as it's clear that lower interest rates are not justified at this time," said Clark Bellin, president and chief investment officer, Bellwether Wealth. "Inflation remains sticky and justifies the Fed's decision to keep interest rates unchanged at Wednesday's meeting." Separately, weekly jobless claims increased marginally last week, suggesting the labour market remained stable. Attention now turns to Friday's non-farm payrolls report and a looming tariff deadline, with President Donald Trump refusing to extend trade talks for lagging partners. Easing global trade war fears, signs of US economic resilience, and renewed AI optimism have set Wall Street on course for monthly gains. The S&P 500 and blue-chip Dow are set for a third straight monthly gain - their longest winning streak in nearly a year - while the Nasdaq was on track for its best monthly run since March 2024. On Wednesday, Federal Reserve Chair Jerome Powell diluted investor expectations for an interest rate cut in September after the central bank kept rates unchanged. Traders now see a 58.8 per cent chance the Fed will stay pat in September as well, according to CME's FedWatch tool. Powell said it was too early to predict a September rate cut, and that current policy was not restricting the economy. The statement came after stronger-than-expected GDP data for the second quarter. The "hold" verdict prompted another jibe on Powell by Trump, while Treasury Secretary Scott Bessent said he expected an announcement on Powell's successor by year-end. Trump's deal with South Korea on Wednesday cut the country's import tariff to 15 per cent from the previously threatened 25 per cent. Among other stocks, Applied Digital soared 32.7 per cent after the data centre operator surpassed estimates for quarterly revenue. Declining issues outnumbered advancers by a 1.17-to-1 ratio on the NYSE, and by a 1.16-to-1 ratio on the Nasdaq. The S&P 500 and Nasdaq have climbed to new record highs as Microsoft's blockbuster earnings propelled the tech giant and fueled investor confidence in Big Tech's hefty investments in artificial intelligence. Microsoft became the second publicly-traded company after Nvidia to surpass $US4 trillion ($A6.2 trillion) in market valuation, following a blockbuster earnings report. Meta Platforms also climbed 12.1 per cent to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than one per cent. The S&P technology index and the communication services index both hit record highs, up 1.2 per cent and over three per cent, respectively. In early trading on Thursday, the Dow Jones Industrial Average rose 88.73 points, or 0.20 per cent, to 44,550.01, the S&P 500 gained 45.18 points, or 0.71 per cent, to 6,408.08 and the Nasdaq Composite gained 245.09 points, or 1.16 per cent, to 21,374.76. A Commerce Department report showed US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year. "Thursday's PCE was stronger than expected and throws cold water on the idea of (an autumn) rate-cut, as it's clear that lower interest rates are not justified at this time," said Clark Bellin, president and chief investment officer, Bellwether Wealth. "Inflation remains sticky and justifies the Fed's decision to keep interest rates unchanged at Wednesday's meeting." Separately, weekly jobless claims increased marginally last week, suggesting the labour market remained stable. Attention now turns to Friday's non-farm payrolls report and a looming tariff deadline, with President Donald Trump refusing to extend trade talks for lagging partners. Easing global trade war fears, signs of US economic resilience, and renewed AI optimism have set Wall Street on course for monthly gains. The S&P 500 and blue-chip Dow are set for a third straight monthly gain - their longest winning streak in nearly a year - while the Nasdaq was on track for its best monthly run since March 2024. On Wednesday, Federal Reserve Chair Jerome Powell diluted investor expectations for an interest rate cut in September after the central bank kept rates unchanged. Traders now see a 58.8 per cent chance the Fed will stay pat in September as well, according to CME's FedWatch tool. Powell said it was too early to predict a September rate cut, and that current policy was not restricting the economy. The statement came after stronger-than-expected GDP data for the second quarter. The "hold" verdict prompted another jibe on Powell by Trump, while Treasury Secretary Scott Bessent said he expected an announcement on Powell's successor by year-end. Trump's deal with South Korea on Wednesday cut the country's import tariff to 15 per cent from the previously threatened 25 per cent. Among other stocks, Applied Digital soared 32.7 per cent after the data centre operator surpassed estimates for quarterly revenue. Declining issues outnumbered advancers by a 1.17-to-1 ratio on the NYSE, and by a 1.16-to-1 ratio on the Nasdaq.
Perth Now
2 days ago
- Perth Now
Wall St jumps on Microsoft's blockbuster earnings
The S&P 500 and Nasdaq have climbed to new record highs as Microsoft's blockbuster earnings propelled the tech giant and fueled investor confidence in Big Tech's hefty investments in artificial intelligence. Microsoft became the second publicly-traded company after Nvidia to surpass $US4 trillion ($A6.2 trillion) in market valuation, following a blockbuster earnings report. Meta Platforms also climbed 12.1 per cent to an all-time high in early trading, after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Nvidia gained more than one per cent. The S&P technology index and the communication services index both hit record highs, up 1.2 per cent and over three per cent, respectively. In early trading on Thursday, the Dow Jones Industrial Average rose 88.73 points, or 0.20 per cent, to 44,550.01, the S&P 500 gained 45.18 points, or 0.71 per cent, to 6,408.08 and the Nasdaq Composite gained 245.09 points, or 1.16 per cent, to 21,374.76. A Commerce Department report showed US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year. "Thursday's PCE was stronger than expected and throws cold water on the idea of (an autumn) rate-cut, as it's clear that lower interest rates are not justified at this time," said Clark Bellin, president and chief investment officer, Bellwether Wealth. "Inflation remains sticky and justifies the Fed's decision to keep interest rates unchanged at Wednesday's meeting." Separately, weekly jobless claims increased marginally last week, suggesting the labour market remained stable. Attention now turns to Friday's non-farm payrolls report and a looming tariff deadline, with President Donald Trump refusing to extend trade talks for lagging partners. Easing global trade war fears, signs of US economic resilience, and renewed AI optimism have set Wall Street on course for monthly gains. The S&P 500 and blue-chip Dow are set for a third straight monthly gain - their longest winning streak in nearly a year - while the Nasdaq was on track for its best monthly run since March 2024. On Wednesday, Federal Reserve Chair Jerome Powell diluted investor expectations for an interest rate cut in September after the central bank kept rates unchanged. Traders now see a 58.8 per cent chance the Fed will stay pat in September as well, according to CME's FedWatch tool. Powell said it was too early to predict a September rate cut, and that current policy was not restricting the economy. The statement came after stronger-than-expected GDP data for the second quarter. The "hold" verdict prompted another jibe on Powell by Trump, while Treasury Secretary Scott Bessent said he expected an announcement on Powell's successor by year-end. EU officials said European liquor could face 15 per cent tariffs from August 1 until a different agreement is reached, with talks set to continue in the autumn. Trump's deal with South Korea on Wednesday cut the country's import tariff to 15 per cent from the previously threatened 25 per cent. Among other stocks, Applied Digital soared 32.7 per cent after the data centre operator surpassed estimates for quarterly revenue. Declining issues outnumbered advancers by a 1.17-to-1 ratio on the NYSE, and by a 1.16-to-1 ratio on the Nasdaq.
