'Brutal session' for chip stocks shows AI trade is turning
A selloff in AI supplier shares on Tuesday is the strongest sign to date that the mood on the trade of the decade is shifting, with worries rising interest rates could scupper a spending spree bigger than America's historic railroad boom.
Second wave of early prison releases under way in England and Wales
About 2,000 criminals are being freed this month to ease overcrowding, while probation union moves towards strike The second wave of early prison releases takes place throughout Tuesday, with hundreds of offenders walking out across England and Wales under the government’s controversial plan to ease overcrowding. About 2,000 criminals, including domestic abusers and violent offenders, are being freed this month, with another 3,000 to follow in stages over the next year. The total was reduced from 6,000 after an intervention by Andy Burnham. Continue reading...
The return of the prodigal son? Why speculation is rising over Josh Frydenberg’s future
The spectre of a leadership alternative is hardly helpful for Angus Taylor. But would Frydenberg do a better job? A reasonable query for Liberals at this point is: if Josh Frydenberg is the answer, what is the question? There was a whiff of weariness in some corners of parliament this week, as the former treasurer and deputy Liberal leader happily stoked another round of “Josh for Canberra” speculation. With more rumoured comebacks than Oasis, Frydenberg’s latest foray into the national political arena saw him bouncing around TV, radio and podcast interviews to promote his new book, and pointedly refuse to rule out trying to rejoin the parliament. Continue reading...
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