Latest updates on Key Economic Indicators:

Aussie $: $0.6510 USD (up $0.0034 USD)

Iron Ore (SGX): $87.75 (up $1.55 USD)

Oil (WTI): $89.09 USD (down $2.75 USD)

Gold: $1,711.74 USD (up $35.86 USD)

Copper (CME): $3.6600 (up $0.0610 USD)

Bit-coin: $18,214.28 (down 12.74%)

Dow Jones: 33,159.19 (up 332.19pts)

All changes compared to 7am yesterday.

Ukraine War:

Zelenskyy says climate change policy is impossible without peace:

Russia's invasion of Ukraine has distracted world governments from efforts to combat climate change, Ukrainian President Volodymyr Zelenskyy has said in a video message played at the COP27 climate conference in Egypt.

"There can be no effective climate policy without the peace," Mr Zelenskyy said.

"This Russian war has brought about an energy crisis that has forced dozens of countries to resume coal-fired power generation in order to lower energy prices for their people … to lower prices that are shockingly rising due to deliberate Russian actions.

"[It] brought an acute food crisis to the world, which hit worst those suffering the existing manifestations of climate change.

"The Russian war destroyed 5 million acres of forests in Ukraine in less than six months."

Russia installs ‘Dragon’s teeth’ barriers to slow advance of Ukrainian forces:

Russia is stepping up its efforts to build substantial obstacle barriers to slow the advance of Ukrainian forces in key locations it is defending, including around the devastated city of Mariupol, the UK Ministry of Defence has said.

Its intelligence assessment on Tuesday said the Russian military was using two plants in occupied Mariupol to produce large numbers of “dragon’s teeth” – pyramidal concrete blocks designed to slow advancing military vehicles.

The production and placement of the blocks in conjunction with razor wire and mines is the latest indication of how Russia’s struggling forces are increasingly attempting to transition to more defensive warfare, not least on the key southern Kherson front on the east bank of the Dneiper River.

Russia calls up missing cook who was onboard warship sunk in April:

A recruitment office in St Petersburg has issued a draft notice to a missing Russian sailor who was onboard the flagship Moskva missile cruiser, which sank in the Black Sea in April.

According to a report by the local news website Fontanka, the parents of the sailor, named Mikhail, who was a cook on the Moskva cruiser, received his call-up notice last month. The papers ordered their son to report to the drafting station or face possible prosecution.

“You may be prosecuted if you do not appear at the indicated time and place without a legitimate reason,” the draft paper read.

Italy open to supplying air defence systems to Ukraine:

The Italian government is readying a new arms package for Ukraine including air defence systems, a governing coalition official said on Tuesday.

Western nations have been delivering more air defence hardware to Ukraine since President Volodymyr Zelensky  last month asked the leaders of the G7 nations for help to stop Russian missiles raining down on Ukrainian cities.

The Italian coalition official, who declined to be named, said Rome was ready to provide Ukraine with a variety of air-defence systems, including the medium-range Franco-Italian SAMP/T and Italian Aspide, as well as portable Stinger missiles.

IR bill changes include union veto

The Australian Financial Review - Page 4 : 9 November 2022 - Original article by David Marin-Guzman - Portmac.News Summary

The federal government has proposed 150 amendments to its Secure Jobs, Better Pay Bill, including changes to single and multi-enterprise bargaining.

Amongst other things, employers will not be able to put their preferred multi-enterprise agreement to a direct vote of workers without written approval from unions.

Australian Industry Group CEO Innes Willox has expressed concern that this could give unions an unreasonable level of control over the content of workplace agreements.

Businesses and unions have been given three days to make submissions on the amendments.

Meanwhile, Liberal leader Peter Dutton is amongst those who have praised former Coalition industrial relations minister Peter Reith, who has died at the age of 72.

Super profits' tax could provide power bill relief

The Australian - Page 1 & 2 : 9 November 2022 - Original article by Patrick Commins, Rosie Lewis - Portmac.News Summary

Resources Minister Madeleine King has indicated that the federal government will outline its plans to address the energy crisis by Christmas.

Meanwhile, Treasury secretary Steven Kennedy says the "Extraordinary ­circumstances" associated with the invasion of Ukraine means that direct government intervention in the energy market is justified.

This could potentially include a temporary tax on the 'super' profits of energy companies in order to reduce household power bills.

Kennedy argues that Australia's status as a net exporter of energy means the nation is uniquely placed to pursue such intervention.

Big super backs tax crackdown

The Australian Financial Review - Page S1 & S2 : 9 November 2022 - Original article by Michael Read, Aleks Vickovich - Portmac.News Summary

There is growing support within the superannuation industry for a proposal to cap super balances at $5m.

It is estimated that such a move would affect about 11,000 Australians, who receive about $70,000 annually in earnings from tax concessions.

Australian Retirement Trust CEO Bernard Reilly argues that policy settings should primarily focus on the 16 million people who do not have super balances of $5m.

However, shadow financial services minister Stuart Robert says any move by Labor to limit super balances or tighten tax concessions would constitute a broken election promise, given that both major parties committed to not imposing any new taxes on super.

Coles, Woolworths recycling scheme collapses after secret stockpiles revealed

The Age - Page Online : 9 November 2022 - Original article by Chris Vedelago, James Dowling - Portmac.News Summary

Melbourne-based REDcycle has advised that its soft plastics collection program has been put on hold, citing "Untenable pressure" on its business model.

The company collects soft plastics from drop-off points at more than 2,000 Woolworths and Coles supermarkets nationwide, and sends the waste material to other companies to be processed and reused.

However, REDcycle has revealed that several of these companies have ceased accepting plastics for recycling, which has forced the company to temporarily stockpile soft plastics in warehouses.

A spokeswoman says the stockpiled material will not be processed for at least six months.

Retailers welcome extension of pensioners credit scheme

Australian Retailers Association - Page Online : 9 November 2022 - Portmac.News Summary

The Australian Retailers Association has applauded the extension of the federal government scheme which will allow aged pensioners to earn an additional $4,000 without losing any of their payment entitlements.

Introduced following the Jobs and Skills Summit as a once-off through July 2023, the scheme will now continue for a further six months until 31 December 2023.

CEO Paul Zahra says encouraging older Australians into the workforce has been a key advocacy area for the ARA this year as the sector identifies solutions to the crippling labour shortages persisting across the industry.

Burns breakthrough hot in US, ignored at home

The Australian - Page 24 : 9 November 2022 - Original article by Robert Gottliebsen - Portmac.News Summary

The RECELL burns treatment process that was developed by Fiona Wood and Marie Stoner in Western Australia came to prominence following the Bali bombings in 2002.

However, the pioneering 'spray-on skin' technique met with resistance among medical professionals in the eastern states.

In contrast, RECELL was embraced by the US Department of Defense to treat soldiers who received severe burns in Afghanistan, and the technology was approved by the US Food & Drug Administration in 2018.

RECELL is now the standard burns treatment in the US, yet Australians who are badly burned must either fly to Perth or the US to be treated with home-grown technology.

Roy Morgan Trusted Brand Awards 2022

Market Research Update - Page Online : 9 November 2022 - Original article by Roy Morgan - Portmac.News Summary

Roy Morgan presented the inaugural Roy Morgan Trusted Brand Awards for 2022 in mid-October. Fortescue Metals Group has won the inaugural most trusted brand among a field of over 30 mining and petroleum companies.

Fortescue was the sole entrant in the category to emerge with a positive net trust score in the 12 months to June 2022, after overtaking BHP late in 2021.

Meanwhile, Toyota has topped the industry rankings as the most trusted brand in automotive since Roy Morgan began interviewing Australians about trust and distrust in 2018, and it has easily won the inaugural award ahead of Mazda and Hyundai.

The hotly contested utilities category has been won by Red Energy, which has had an unblemished record as the 'Most Trusted Utility Brand' since Roy Morgan surveying on trust and distrust began in 2018.

Cadbury has emerged as the most trusted brand in the Food & Beverage category ahead of more than 80 rival brands, while Qantas is Australia's most trusted Travel & Tourism brand in 2022 ahead of rival Virgin.

ABC boss keeps mum about top salaries

The Australian - Page 9 : 9 November 2022 - Original article by Sophie Elsworth - Portmac.News Summary

The ABC's MD David Anderson appeared before a Senate estimates hearing on Tuesday, but he declined to disclose the remuneration packages of the public broadcaster's highest-paid employees.

Anderson contended that the request from Liberal senator Sarah Henderson would be a unreasonable invasion of privacy for the individuals in question.

Henderson had sought the disclosure of the salary details of ABC employees who are paid more than $230,000 a year.

Anderson was also questioned about controversial comments made by ABC journalist Louise Milligan in a keynote address at a recent event organised by the Women Lawyers Association.

Australian government official takes swipe at Musk's Twitter plans

Brisbane Times - Page Online : 9 November 2022 - Original article by Zoe Samios - Portmac.News Summary

Australia's eSafety commissioner Julie Inman Grant has expressed concern about Twitter's move to impose a monthly fee to use its coveted 'Blue tick'.

She warns that the changes to the verification system will create new risks online, including an increase in misinformation, impersonation and fake accounts.

Billionaire Elon Musk announced the change shortly after completing the acquisition of Twitter.

The paid blue-tick service has been put on hold until after the US mid-term elections; it is expected to be rollout in Australia within days.

Inman Grant has previously been the head of policy at Twitter Australia.

Australia's next mining boom? Critical minerals in renewable energy

Livewire - Page Online : 9 November 2022 - Original article by Amanda MacDonald - Portmac.News Summary

Australia's resources sector is one of the largest and most advanced in the world. The nation's well-established mining industry and world-leading mining equipment and technology make it an exceptional destination for critical mineral investment.

Global demand for critical minerals is expected to rise significantly in coming decades as the world transitions to clean energy.

Australia ranks among the countries with the largest reserves of critical minerals and is one of the biggest producers and exporters of minerals that will be crucial in the energy transition.

Twiggy goes shopping, lifts stake in nickel miner Mincor

The West Australian - Page Online : 9 November 2022 - Original article by Daniel Newell - Portmac.News Summary

Fortescue Metals Group founder Andrew Forrest has disclosed that his shareholding in Mincor Resources has increased from 15% to 18.68% over the last two years.

Forrest now holds some 91.2 million shares in the nickel miner via his personal shareholding and his private companies, Tattarang and Wyloo Metals.

Mincor recently resumed production at its Kambalda nickel operations.

ASX Utilities lead exchange higher

The Australian - Page 23 : 9 November 2022 - Original article by Hayden Johnson - Portmac.News Summary

The Australian sharemarket posted a solid gain on 8 November, with the S&P/ASX 200 adding 0.4% to close at 6,958.9 points.

Mineral Resources rose 5% to $79.11, the Commonwealth Bank was up 1.4% at $104.48 and CSL firmed 1.3% to $280.70.

However, Santos was down 5.3% at $7.57 and James Hardie shed 13.7% to end the session at $29.01.