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All changes compared to 7am Friday, except Bit-coin.

Ukraine War:

'They ran away like goats': villagers celebrate liberation in Kherson region:

Located in the Ukrainian region of Kherson, the village of Mylove had been occupied by Russian soldiers for eight months until its recent liberation by Ukrainian soldiers .

Villager Serhii Melnikov claims that Vladimir Putin had said the Russians would be here forever, but in the end, "they left in five minutes and ran away like goats", and Melnikov claims that Russia's retreat from Kherson is a major failure.

However, Russia still controls the southern part of the Kherson region and a land corridor stretching to Mariupol and the eastern Donbas. 

Russia’s loss of Kherson signals change in Putin’s strategy:

The Russian decision to withdraw from the Ukrainian city of Kherson to defensive positions on the left bank of the Dnipro River was driven by sound military logic.

Russian control of the city could only be maintained at a steep price in troops and materiel. Operationally, the withdrawal should help the Russians stabilise their defensive positions over the winter. Strategically, the withdrawal is an unambiguous Russian defeat.

When Ukraine launched its counteroffensive against Kherson at the end of August its military knew it lacked the combat power to storm the city.

However, strikes on the bridges over the Dnipro limited Russia’s ability to supply its troops with heavy equipment, while the river protected Ukrainian forces from counterattack.

This favourable battlefield geometry allowed Ukraine to create a killing area in which its artillery could inflict heavy casualties on Russia’s most motivated and competent units.

Abandoning Kherson also had implications for Russia’s strategy to occupy Ukraine.

Without a bridgehead on the right bank of the Dnipro, Russian forces will not be able to threaten offensive operations in the spring against Mykolaiv, even if it does generate new combat units from its mobilisation.

The defensibility of the river, which Russian forces are counting on to stabilise their casualties, also ensures that Ukraine can shift resources from this axis and offers security to Ukrainian industries on its southern coast.

Kherson is a step towards victory and demonstrates what can be achieved if there is a steady supply of western military technical assistance.

It also underscores the importance of convincing the Kremlin that a managed withdrawal offers better prospects than eventual defeat.

PM breaks ice with China

The Australian - Page 1 & 4 : 14 November 2022 - Original article by Ben Packham, Amanda Hodge - Portmac.News Summary

Prime Minister Anthony Albanese briefly spoke with Chinese Premier Li Keqiang at the East Asia Summit's gala dinner on Saturday night.

It was the first face-to-face meeting between leaders of the two nations in three years, and Albanese says the four-minute conversation focused on the upcoming 50th anniversary of diplomatic relations between Australia and China.

Albanese also had an unscheduled 40-minute meeting with US President Joe Biden on the final day of the summit on Sunday; they discussed issues such as the AUKUS alliance and climate change, and Albanese invited Biden to address a joint sitting of parliament in 2023 when he visits Australia for a meeting of Quadrilateral Security Dialogue nations.

Albanese hopes to meet with Chinese President Xi Jinping at the G20 leaders' summit in Bali.

Climate crisis solutions may also ease global financial shocks, Albanese to tell business leaders

The Guardian Australia - Page Online : 14 November 2022 - Original article by Katherine Murphy - Portmac.News Summary

PM Albanese is to give a keynote address to the B20, which is the business summit that runs alongside the G20 summit.

He will say that one of the ways by which countries can recover from inflation and other financial shocks is by working together to deal with solutions to the climate crisis.

He will urge countries to build "Resilience and diversity" into supply chains, and that economic growth can be boosted by the development of tax systems that reward people for hard work, and encourage entrepreneurship and job creation.

Lithium alliance to lock up EV market

The Australian - Page 1 & 4 : 14 November 2022 - Original article by Amanda Hodge - Portmac.News Summary

Indonesia has the world's largest reserves of nickel, while Australia accounts for at least half of the world's lithium resources.

Indonesian businessman Arsjad Rasjid hopes the two countries can co-operate in the mining and processing of lithium; he argues that they could become the global supply chain for electric vehicle batteries, which is currently dominated by China.

Rasjid says he will discuss the issue with Prime Minister Anthony Albanese, who will deliver a keynote speech at the B20 business leaders' summit in the lead-up to the G20 summit in Bali.

Aussie companies lose right to sue under free trade pacts

The Australian Financial Review - Page 2 : 14 November 2022 - Original article by Andrew Tillett - Portmac.News Summary

Trade Minister Don Farrell will confirm Labor's opposition to inserting investor-state dispute settlement (ISDS) clauses in free-trade agreements when he addresses the Australian APEC Centre on 14 November.

ISDSs give Australian companies the right to sue foreign governments over decisions that could harm their business; the resources sector claim they help reduce sovereign risk when deciding if to invest in developing countries, but opponents of them claim they undermine local laws in areas such as health and industrial relations.

Labor will seek to exclude ISDSs from future FTAs and to water them down in existing ones.

Japan seeks stake in security pact, ready to host nuclear subs

The Australian - Page 1 & 4 : 14 November 2022 - Original article by Sarah Ison - Portmac.News Summary

Japan's ambassador to Australia, Shingo Yamagami, will use an address to the National Press Club on 14 November to state that Japan is keen to take part in the AUKUS treaty with the US and the UK on "Specific projects".

He will say that Australia's acquisition of nuclear-powered submarines under the treaty will help boost regional security and will facilitate more joint military exercises between Japan and Australia, and that Japan is ready to host the submarines when they are commissioned.

ACTU campaign for IR fightback

The Australian - Page 4 : 14 November 2022 - Original article by Ewin Hannan - Portmac.News Summary

It has been previously revealed that energy and resources companies are planning a multimillion-dollar campaign aimed at pressuring the federal government to back down on its plans to extend multi-employer bargaining and give greater powers to the Fair Work Commission under proposed changes to industrial relations laws.

In response, the ACTU has asked individual union members to donate $0.50 so it can launch its own campaign to combat what it claims is employer bullying.

Corporations Act in 'class of its own' for complexity

The Australian Financial Review - Page 8 : 14 November 2022 - Original article by Michael Pelly - Portmac.News Summary

The Australian Law Reform Commission (ARLC) is conducting an inquiry into financial services legislation, with its inquiry due to conclude in November 2023.

In its latest interim report, it has stated that there are almost 1200 provisions for `Offences and civil penalties in the Corporations Act, most of which are never used.

The ARLC noted that the Act has grown by around 600 pages over the past two years, and that it is in a "Class of its own" when it comes to complexity.

The ALRC has made six recommendations in its latest interim report, including that legislation be amended to deal with "Unclear or incorrect provisions", such as the guidance on strict liability.

Covid waves 'Here for a decade or so'

The Australian - Page 5 : 14 November 2022 - Original article by Rhiannon Down - Portmac.News Summary

More than 54,000 new cases of COVID-19 were reported across Australia in the last week; some 975 people are currently in hospital with the respiratory illness, including 32 in intensive care.

Infectious diseases expert Peter Collignon has downplayed concerns about the new wave of cases, arguing that the key metrics of hospitalisations and deaths are much lower than in previous waves. He adds that new variants of COVID-19 are likely to emerge for the next 5-10 years.

Meanwhile, epidemiologists say the arrival of the Majestic Princess cruise ship in Sydney with 800 Covid-positive passengers is unlikely to have much impact on Australia's fourth wave of cases.

Why haven't I had COVID-19 yet? Am I a NOVID?

abc.net.au - Page Online : 14 November 2022 - Original article by Nathan Bartlett - Portmac.News Summary

The most recent survey of donor blood examined the proportion of people who had antibodies against SARS-CoV-2, the virus that causes COVID-19, finding at least two thirds of Australians have been infected with the viral disease.

As to those that have not had COVID-19 as yet, or NOVIDs as some have dubbed them, one possibility as to why they have not is that they could have immunity from it as a result of having previously been infected by a similar virus, while another could be their genetic makeup.

Australia back in vogue for students

The Australian Financial Review - Page 13 : 14 November 2022 - Original article by Julie Hare - Portmac.News Summary

AECC Global has conducted a survey of the intentions of more than 14,000 international students in 147 countries, and has found that one in five had changed their mind regarding where they wanted to study over the past 12 months.

Of the students who had changed their mind, one in three had changed it in favour of Australia.

One possibility regarding the growth in popularity of Australia as a destination for international students could be that the hours that they can work is uncapped until June 2023 in what was a measure introduced during the pandemic; normally, they can work no more than 40 hours a fortnight.

Pharmacists to get prescription powers in NSW 'Game-changer' trial that GPs call 'madness'

The Guardian Australia - Page Online : 14 November 2022 - Portmac.News Summary

Pharmacists in NSW can administer vaccines for flu and COVID-19, but they are to be given the power to administer a much wider range of vaccines under a 12-month trial that will begin on 14 November.

They will also be given the power to prescribe treatments for a range of ailments including skin conditions and urinary tract infections, with regional health minister Bronnie Taylor saying the new powers will be a 'Gamechanger' in regional areas.

However, the Royal Australian College of General Practitioners has described the trial as "Madness" and a "recipe for disaster".

FTX collapse hits Telstra Ventures

The Australian Financial Review - Page 14 & 18 : 14 November 2022 - nOriginal article by Paul Smith - Portmac.News Summary

Telstra Ventures was the most notable Australian investor in FTX, having invested in its $US350 million third fund.

FTX has filed for bankruptcy and placed its Australian and international operations into administration; reports have now emerged that the cryptocurrency exchange appeared to have been hacked and as much as $US1 billion had been stolen from users' wallets.

There are also allegations that FTX founder Sam Bankman-Fried had covertly transferred $US10 billion of clients' funds from FTX to "Prop up" his ostensibly separate trading company, Alameda Research; he has denied the claims.

ASX puts Carbon Revolution in the sin bin

The Australian Financial Review - Page 17 : 14 November 2022 - Original article by Simon Evans - Portmac.News Summary

Trading in the shares of carbon fibre wheel rim maker Carbon Revolution has been suspended over what the ASX claims is lack of disclosure concerning a merger proposal.

The proposal was referred to in the company's quarterly sales announcement on 31 October, with the ASX claiming that Carbon Revolution was trying to 'Bury' the deal by including it in its sales announcement.

The ASX wants Carbon Revolution to reveal the identity of the US special purpose acquisition company that has made the merger proposal, but Carbon Revolution states that the SPAC has forbidden it from doing so.

ASX Revival of growth lifts shares, $A

The Australian Financial Review - Page 22 : 14 November 2022 - Original article by Vesna Poljak - Portmac.News Summary

Futures pricing suggests that Australian equities will gain about 0.6% when the market opens on today, following a positive lead from Wall Street.

The local bourse is also likely to benefit from a rise in the price of key commodities such as iron ore and copper, as well as the Chinese government's move to relax COVID-19 restrictions.

Meanwhile, the upcoming release of wage price index data for September will be a key focus for local investors this week, while CPI data from Europe, the UK and Japan may provide some guidance regarding the global inflation outlook.

The S&P/ASX 200 rose 2.8% to close at 7,158 points on Friday.