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Barny's Back, Nats re-Joyce | Pfizer supply crisis | Summer solstice | Putin warns virus getting worse in regions | Highest daily cases in Indonesia | ASX down 1.8% | Iron & Bit-coin Down; $A Up.

Source : PortMac.News | Independent :

Source : PortMac.News | Independent | News Story:

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22-06-21 | Nat's re-Joyce | Port Mountain Bikes | $A Up
Barny's Back, Nats re-Joyce | Pfizer supply crisis | Summer solstice | Putin warns virus getting worse in regions | Highest daily cases in Indonesia | ASX down 1.8% | Iron & Bit-coin Down; $A Up.

News Story Summary:

Latest updates on Key Economic Indicators

Australian Dollar: $0.7534 USD (up $0.0053 USD)

Iron Ore Jul Spot Price (SGX): $196.00 USD (down $10.60 USD)

Oil Price (WTI): $73.59 USD (up $1.95 USD)

Gold Price: $1,783.34 USD (up $18.61 USD

Bit-coin: $32,396.68 USD (down 9.07% in last 24 hours)

Dow Jones: 33,876.97 (up 586.89 points on Friday's close)

All changes compared to 7am yesterday.


Crowds gather at Stonehenge for summer solstice

Dozens of people have ignored advice not to travel to Stonehenge for the annual summer solstice celebrations, which were cancelled due to coronavirus concerns.

English Heritage, which looks after the Neolithic monument, had planned a live feed of the sunrise at Stonehenge for the second year in a row.

But the organisation said that program had to be interrupted because of safety concerns after "a number of people have chosen to disregard our request to not travel to the stones this morning".

Thousands of people who tuned in to watch the sunrise at the stones online ended up watching pre-recorded footage before the live feed returned around 5:00am.

Video from Britain's PA news agency and elsewhere shows dozens of people gathering inside the stone circle, with some scaling a low fence to climb inside the restricted area to reach the stones.

Some were seen dancing and others held a banner that read "Standing for Stonehenge".


Barny's Back ! Nats re-Joyce in power play

The Australian - Page 1 & : 22 June 2021 - Original article by Geoff Chambers - PortMac.News Summary

Barnaby Joyce will be sworn in as deputy prime minister on 22 June after his ousting of Michael McCormack as leader of the Nationals on 21 June.

It is believed Joyce defeated McCormack by at least 12 votes in the 21-member party-room, after deputy Nationals leader David Littleproud chose not to contest the leadership.

Joyce and Prime Minister Scott Morrison will meet to discuss a new pre-election Coalition agreement this week, at which Joyce is expected to push for more senior ministerial portfolios and increased control over future climate change policy.


States, feds in row over Pfizer supply crisis

The Australian - Page 1 & 6 : 22 June 2021 - Original article by Olivia Caisley, Angelica Snowden, Lydia Lynch - PortMac.News Summary

Queensland Health Minister Yvette D'Ath says the state may have to stop administering first doses of the Pfizer vaccine by the end of July if it cannot secure more supplies from the federal government.

Victoria may only be able to provide 40,000 new doses a week from the beginning of July, down from the 80,000 a week it was providing until recently, while the NSW government has also expressed concern about a lack of doses.

Its concern comes after the decision by the Australian Technical Advisory Group on Immunisation to advise against the AstraZeneca jab being administered to people aged under 60 prompted an urgent meeting of national cabinet on 21 June, with a recalibration of the vaccine rollout being the focus of the meeting.


Call for rethink on social distancing

The Australian Financial Review - Page 6 : 22 June 2021 - Original article by Tom Burton, Tom McIlroy - PortMac.News Summary

New South Wales and Victoria have both reported recent cases of COVID-19 infections caused by 'Fleeting' transmission, prompting calls for changes to current virus management strategies such as social distancing and density rules.

Experts state there needs to be a greater focus on ensuring air ventilation and a more prudent approach to the highly infectious delta variant.

Their call comes as NSW reported two new COVID-19 cases on 21 June, with both being primary contacts of existing cases, while in Victoria there was one new linked case reported of a person who had been in isolation


QLD's top doctor named governor

The Australian - Page 2 : 22 June 2021 - Original article by Lydia Lynch - PortMac.News Summary

Queensland's chief health officer Jeannette Young has been named as its next governor. Young, who has been in her role for 16 years, will replace outgoing governor Paul de Jersey on 1 November.

Queensland Premier Annastacia Palaszczuk said on 21 June that Young's appointment was a "No-brainer", with her appointment being seen as reward for leading one of the world's most successful responses to the pandemic.


Treasurer approves $1.3 billion BoQ merger with ME Bank

The Australian Financial Review - Page 17 : 22 June 2021 - Original article by Liam Walsh - PortMac.News Summary

Treasurer Josh Frydenberg has approved Bank of Queensland's $1.33 billion takeover of ME Bank, which was announced in February.

At the time that the deal was announced, the BoQ stated that it would make it Australia's sixth-biggest lender, with just under $73.7 billion in loans, while it has pledged to keep the ME brands.

Citigroup has stated that BoQ can be expected to achieve economies of scale benefits from merging with ME, with the transaction expected to be formally completed by 1 July.


2m Australians reading puzzle magazines, up 30.8%

Market Research Update - Page Online : 22 June 2021 - Original article by Roy Morgan - PortMac.News Summary

New research from Roy Morgan shows puzzle magazines are now read by over 2 million Australians aged 14+ in an average month, a significant increase of 492,000 (+30.8%) from a year ago and the growth is driven by Millennials and Generation Z.

Leading puzzle magazines are often closely associated with a higher circulation magazine and help to raise the profile and readership of the primary magazine, while leading puzzle magazines measured include Take 5 Mega Puzzler, Take 5 Pocket Puzzler, Australian Women's Weekly Puzzle Book, Woman's Day Superpuzzler, Better Homes and Gardens Puzzle Book, That's Life Bumper Puzzle, That's Life Puzzler on the Go, New Idea Jumbo Puzzler, New Idea Mr. Wisdom's Whopper and Lovatts Puzzle Magazines.

Women are the most avid readers of puzzle magazines now read by 1,268,000 women, up 173,000 (+15.8%) from a year ago.

However, readership of puzzle magazines by men has increased far faster and is up by 320,000 (+63.5%) to 824,000.

Roy Morgan's readership figures are based on in-depth personal interviews with over 60,000 Australians over the last 12 months including around 5,000 interviews each month.


Japanese join $1bn Aussie hydrogen project

The Australian - Page 16 : 22 June 2021 - Original article by Glen Norris - PortMac.News Summary

Japanese trading company Itochu Corporation has signed a memorandum of understanding with Australian Future Energy (AFE), which is developing the $1 billion Gladstone Energy and Ammonia Project.

Described as Australia's leading clean energy project, it will use both blue and green hydrogen to produce ammonia, synthetic natural gas and eventually electrical power using a gasification process.

It is estimated the project could create up to 200 jobs during its 30-year life and 1,000 jobs during the construction phase; the project could be operational as soon as 2024.


Iron fist losing its grip: China crackdown backfires

The Sydney Morning Herald - Page Online : 22 June 2021 - Original article by Stephen Bartholomeusz - PortMac.News Summary

China recently announced plans to release government reserves of commodities such as copper and zinc, although not iron ore, in what has been seen as its latest attempt to curb rising commodity prices.

It follows China's crackdown on 'Excessive speculation' in May, which initially saw iron ore and other commodity prices fall sharply, before recovering to trade at close to pre-crackdown levels, and the response is likely to be the same to its latest effort to dampen commodity prices.

In markets such as the commodities one, it is the marginal supplier and the marginal consumer that determines the prices; China is neither of those.

Its recent actions may lead to near-term price falls, but are likely to increase volatility and uncertainty and magnify price spikes in future.


Hawkish Fed comments hit ASX, $42bn wiped off shares

The Australian - Page Online : 22 June 2021 - Original article by David Rogers - PortMac.News Summary

The Australian sharemarket fell by 1.8% on 21 June after global markets were unnerved by hawkish comments from a Federal Reserve official.

The S&P/ASX 200's decline was its biggest fall since 19 May, with $42 billion being wiped off the value of the sharemarket.

The Commonwealth Bank fell by over 5% as it announced the sale of its general insurance operations to Hollard Group, while AMP fell by 6%.

Qantas declined by 3.7% while Rio Tinto was down by 2.8%.

Boral was one stock to increase, rising 1.3% after agreeing to sell its North American Building Products business to Westlake Chemical Corporation.


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