Author: Press Room

Prime Minister Anthony Albanese has announced a suite of measures to address rising power bills which were agreed upon at National Cabinet.As revealed by Sky News Australia, the federal government will work with New South Wales and Queensland to implement a price cap on coal of $125 per tonne.The government will also “take action” on gas by enacting a mandatory code of conduct for a temporary period of 12 months of $12 a gigajoule, which the ACCC will monitor.Stream more on politics with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31…

Craig Coben is a former senior investment banker at Bank of America, where he served most recently as co-head of global capital markets for the Asia-Pacific region.Yesterday Credit Suisse announced that its shareholders subscribed to 98.2 per cent of its rights issue. That’s an impressive level of take-up, but it was nail-biting suspense until the end. The CS share price fell so much during the rights issue period that late last week it looked like the underwriters might end up owning a significant chunk of the Swiss bank’s stock. This would have been a nasty shock to everyone involved, including…

Weather warnings for ice and snow will now stay in place until the end of the weekend with -12C temperatures possible as Arctic conditions continue to grip the countryVideo LoadingVideo UnavailableThe video will auto-play soon8CancelPlay nowWeather warnings are set to stay in place until the end of the weekend as Arctic conditions continue to grip the UK. Another night of snow and subzero temperatures was recorded in many parts of the country in the early hours of Friday, with freak ‘thundersnow’ also reported in Scotland yesterday. But the mercury now looks ready to plunge even further, with England facing lows…

The world’s first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines (CEA) in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment. The plane, a rival to the Airbus (EADSY) A320neo and Boeing (BA) 737 MAX single-aisle jet families, is expected to make its maiden commercial flight next spring, according to state-owned Xinhua News Agency. It was certified for safe operations in September and mass production in November. The plane, delivered to China Eastern, has 164 seats and was painted with “the world’s first C919” on its side in…

CNN  —  Swapping an American jailed for a minor drugs offense in Russia for one of the world’s most notorious arms traffickers known as “The Merchant of Death” might seem like a lopsided deal that could fuel dangerous national security precedents. But President Joe Biden’s decision to exchange WNBA star Brittney Griner for Viktor Bout goes beyond the exchange’s bottom line. It represented a humane resolution to a painful dilemma that came after tortuous talks with a Russian regime that treats people as geopolitical pawns every day. In that sense, the Biden administration demonstrated the gulf between its moral grounding…

“A Charlie Brown Christmas,” a beloved holiday television tradition for generations of American families, debuted to overwhelming popular acclaim despite network fears of failure on this day in history, Dec. 9, 1965. Expectations were low for its success, according to several accounts of the history of the broadcast.CBS executives were underwhelmed by the slow pace of the production; and the network had battled behind the scenes with “Peanuts” creator Charles M. Schulz over the inclusion of a scene lifted straight from the New Testament.ON THIS DAY IN HISTORY, DEC. 8, 1980, BEATLES FOUNDER AND MUSIC ICON JOHN LENNON MURDERED IN NYCThe…

DENVER — The Rangers waived Ryan Carpenter on Thursday likely because management has liked what it has seen from Jonny Brodzinski — and to get back down to 22 players on the roster. Bringing a faster and more impactful game overall, Brodzinski fit in well on the fourth line between Sammy Blais and Julien Gauthier in the previous two contests. Brodzinski had played in 17 of 20 games for the Rangers’ AHL affiliate, the Hartford Wolf Pack, after starting the season there out of training camp. “Just playing solid hockey, just like he did last year when we called him…

Airlines are flying back into profitability after racking up big losses during the pandemic. There is a cloud on the horizon, however: sharp increases in the cost to rent a plane. More than half of the world’s commercial aircraft are owned or managed by leasing companies, and their rates are rising. For Airbus’s A320neo and Boeing’s 737 Max — the most sought-after single-aisle aircraft — lease rates have respectively risen 14 per cent and 20 per cent since the lows of the pandemic, according to IBA, an aviation consultancy. The jump in rental fees is another consequence of global central…

The odds were against Baker Mayfield from the start of this game between the Los Angeles Rams and Las Vegas Raiders. He was scooped off waivers by the Rams after being released by the Carolina Panthers earlier this week. Mayfield got the playbook on Tuesday night while flying to Los Angeles to meet with his new coaches and teammates, giving him between 36-48 hours to learn the plays if he was going to step under center. But Mayfield, the former first overall selection of the 2018 NFL Draft, didn’t just grind out his first game in the toughest of circumstances. He led…

Gold medal love! As Team USA’s finest athletes compete in the 2022 Winter Olympics, their loved ones are some of their biggest fans. Shaun White, who competed in his final Winter Olympics in February 2022, has been dating actress Nina Dobrev since 2020. Once White took a spontaneous trip to visit Dobrev on the set of Redeeming Love in South Africa, the X Games medalist knew he found love. “That was actually how we kind of started our relationship,” White exclusively told Us Weekly in January 2022. “I was like, ‘All right. Yeah. OK.’ And she [thought], ‘Oh, this guy, he came to play.…