Brisbane 2032 main stadium gets major funding boost from federal, state governments
The federal government is set to invest more than 3.4 billion Australian dollars ($2.23 billion) in the Games — the single largest contribution towards sporting infrastructure in Australia's history, federal Infrastructure Minister Catherine King said.
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Yahoo
2 hours ago
- Yahoo
New estate plan stalls over affordable homes deal
Previously approved new homes in Derbyshire are now set to be rejected due to the developer not signing a legal agreement over infrastructure and affordabe homes. Woodall Homes will not agree to build 17 affordable homes and pay £63,000 in improvements to nearby health facilities, parks and allotments as part of a 57-home development surrounding Jacksons Ley in Middleton, near Wirksworth. Derbyshire Dales District councillors approved plans in November 2023 with officials to seal the required infrastructure payments and affordable homes via a legal agreement. Council officials now say the process has stalled due to an "unwillingness of all the parties to sign the legal agreement". Having previously urged councillors to approve the plans, the Local Democracy Reporting Service (LDRS) said officials were now advising them to change their minds and reject the scheme at a meeting on Tuesday. The plans, which had seen 13 objections from residents, along with opposition from Middleton Parish Council, had required £51,300 for improvements at nearby medical centres, £8,327 for parks and £3,368 for allotments. Council officers wrote: "Collectively the planning obligations which were being sought helped to mitigate the impact of the 57 dwellings. "Without the legal agreement no affordable homes will be provided and the financial contributions towards health care, parks and gardens and allotments would be lost. "This makes the development unacceptable in planning terms and contrary to the development plan. "In the absence of a completed legal agreement, the only course of action is to refuse the application." LDRS said the proposed homes would encircle the new-build Jacksons Ley development, which was only approved at appeal. During the November 2023 planning meeting, Darren Abbott, on behalf of Woodall Homes, said the firm aimed to replicate its successful schemes in Darley Dale, Matlock and Tansley. He said the plot "straddles" the settlement boundary and part of the site was allocated for 45 homes, representing a "logical and sustainable development". Mr Abbott said the firm had reduced the number of homes planned on-site from 75 to 57 due to the concerns of consultees and residents, saying the scheme would "create an attractive gateway into the village". He said the site would cater for first-time buyers, "downsizers" and people with mobility requirements – particularly through the inclusion of seven bungalows. Wirksworth councillor Peter Slack said: "It is squashing houses and gardens in a small area. It is not a way people should be living. "They should have a reasonable garden. Cars are going to be on pavements, it is all squashed in. It is a very, very poor design altogether." Follow BBC Derby on Facebook, on X, or on Instagram. Send your story ideas to eastmidsnews@ or via WhatsApp on 0808 100 2210. Derbyshire Dales District Council Local Democracy Reporting Service
Yahoo
3 hours ago
- Yahoo
Future star shines on Aus A debut
The national ascension of young gun Oliver Peake seems a matter of when rather than if after the teenager looked at home on Australian A debut. Peake, along with Test contenders Nathan McSweeney and Matt Renshaw, propelled Aussies to a mammoth 4-332 in the first one-day match against Sri Lanka in the Northern Territory. The 18-year-old joined McSweeney with 10 overs left in the innings and struck an unbeaten 55 from just 38 deliveries. Peake reached the boundary four times and cleared it once as he raced to a maiden Aus A half century. The U19 World Cup teammate of Test opener Sam Konstas was the fourth Aussie A player to reach fifty on Friday. Jason Sangha hit 50 off 65 balls, Renshaw 80 off 84 and McSweeney 84no from 63 balls. McSweeney (nine fours and one six) rode his luck through his innings but was ultimately too good for the Sri Lankan attack. It has been a busy week for the left-handed Peake, after he penned a deal with Big Bash League club Melbourne Renegades. He also made a half century on first-class debut for Victoria earlier this year against Western Australia at the WACA. Peake was part of Australia's tour to Sri Lanka in February learning from Test stars and batting coach Michael Di Venuto. Speaking to SEN in March, Aussie coach Andrew McDonald said Peake was a player earmarked for the future. 'There's no doubt Ollie Peake has been earmarked as a potential first-class player and has he got the potential to play international cricket? Some are saying maybe,' he said. 'We had a great opportunity, supported by Cricket Australia, to bring over a development player and (Peake) was the one we chose. 'To watch him around the group, he had Sammy Konstas there as well, it's weird to have two come out of the under-19s World Cup team in the Australian environment. 'One is competing for a spot at the top of the order and the other is on a development tour – it was a strange set up but nice for him to have a mate on tour. 'To see him go to work was exciting for us and for him to connect with Michael Di Venuto, who has done a magnificent group with the batting group, I think that early point of contact is important to understand how we view cricket. 'Hopefully that spreads the word and helps shape him in some way.' Friday's match was the first of three one-day matches against Sri Lanka before two four-day matches round out the Northern Territory tour.
CNBC
3 hours ago
- CNBC
CNBC Daily Open: Divergence between official and ADP jobs reports reveals two labor markets
There's a scene in the cinematic masterpiece Mean Girls in which a character writes in big bloody script: "DO NOT TRUST HER." Apologies in advance to the good folks at ADP, who I'm sure are doing good work processing private payrolls. But we might want to keep in mind the above warning when assessing the monthly ADP jobs report. Official labor numbers from the U.S. Bureau of Labor Statistics showed a higher-than-expected increase of 147,000 jobs in June. The ADP report, released Wednesday, pointed to a decrease of 33,000 private sector jobs. That's not just a difference in magnitude, but also of direction. Emphasizing this point, the unemployment rate in June fell to 4.1% from 4.2% in the month before, defying a forecast for an increase to 4.3%. The details lurking below the official jobs report, however, suggest I could be a tad unfair to the ADP report. Jobs in the government rose by 73,000 in June, making up around half of the total nonfarm payroll growth for the month, as noted by CNBC's Alex Harring. The ADP report only measures private payrolls — which exclude government jobs. "The headline job gains and surprising dip in unemployment are undoubtedly good news, but for job seekers outside of healthcare & social assistance, local government, and public education, the gains will likely ring hollow," wrote Cory Stahle, economist at Indeed Hiring Lab. The huge divergence between the ADP and BLS reports, then, might not be that much of a statistical aberration — and could point to a growing schism in the U.S. labor market. The U.S. economy added more jobs in June than expected. Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000. The unemployment rate also ticked down to 4.1% from 4.2% in May. The S&P 500 and Nasdaq Composite notch new records. Both indexes rose Thursday to extend their streak of new closing highs. Yield on the 10-year U.S. Treasury jumped. On Friday, Asia-Pacific markets traded mixed. Indian regulator temporarily bans Jane Street from market. The Securities Exchange Board of India accused the U.S. firm of widespread market manipulation, and issued an interim order to freeze millions of dollars in "illegal gains." Trump's massive bill passed by U.S. government. On Thursday, the House of Representatives voted in favor of the tax-and-spending bill, with a finally vote tally of 218-214. The passage of the bill is a major political victory for U.S. President Donald Trump. [PRO] A relief to European renewable energy firms. Amendments in Trump's bill gave renewable stocks a boost and could mean the "worst-case scenario" for the sector might not come to pass, an analyst said. A year after its landslide win, Britain's Labour Party is navigating a tougher-than-expected path The last 12 months have been nothing short of tumultuous for British Prime Minister Keir Starmer. The government's main mission was to kickstart growth and make people better off. But a year on, business optimism, productivity and job creation remain muted — pressured, in part, by a rise in the national living wage and employers' national insurance contributions.
