1 00:00:04,080 --> 00:00:06,520 Speaker 1: Welcome to the Fear and Green Business Years Afternoon Report 2 00:00:06,559 --> 00:00:09,200 Speaker 1: for Wednesday, the eighteenth of June twenty twenty five. I'm 3 00:00:09,200 --> 00:00:12,039 Speaker 1: Sean Almer. Every afternoon, We've got the five stories that 4 00:00:12,080 --> 00:00:14,239 Speaker 1: have happened today that you need to know about. Storytam one. 5 00:00:14,320 --> 00:00:17,880 Speaker 1: The SMPASX two hundred closed down slightly today to eight thousand, 6 00:00:17,920 --> 00:00:19,759 Speaker 1: five hundred and thirty two points. Its like I've been 7 00:00:19,800 --> 00:00:21,919 Speaker 1: saying that for about a week, it traded in a 8 00:00:22,000 --> 00:00:25,000 Speaker 1: narrow range. He closed today was the lowest in two weeks. 9 00:00:25,000 --> 00:00:27,320 Speaker 1: Best in the day, with the Tech, healthcare and energy 10 00:00:27,480 --> 00:00:31,640 Speaker 1: indices worst worthy, materials and utilities in disease. The big 11 00:00:31,680 --> 00:00:35,520 Speaker 1: banks were mixed, as with the big retailers CSL, Aristocrat 12 00:00:35,560 --> 00:00:38,000 Speaker 1: Leisure and Weis Tech Global were up more than one percent, 13 00:00:38,040 --> 00:00:40,519 Speaker 1: while the big miners were lower. Story number two. Prime 14 00:00:40,520 --> 00:00:44,360 Speaker 1: Minister Anthony Alberizi says he has presented Australia's position on 15 00:00:44,440 --> 00:00:48,880 Speaker 1: tarifs to US Treasury Secondary Scott Bessant. The Trump meaning 16 00:00:48,880 --> 00:00:51,720 Speaker 1: that was supposed to happen didn't happen overnight. Instead, the 17 00:00:51,760 --> 00:00:55,160 Speaker 1: Prime Minister spoke to the White House's economics team. Alberanizi 18 00:00:55,200 --> 00:00:57,480 Speaker 1: said he discussed how Australia can support the US on 19 00:00:57,520 --> 00:01:00,320 Speaker 1: critical minerals as well as taris. Also, I met with 20 00:01:00,320 --> 00:01:04,240 Speaker 1: the leaders of Japan, India, France and Germany. Straight number three. 21 00:01:04,319 --> 00:01:09,399 Speaker 1: The High Court has rejected ousted CFMEU officials challenge till 22 00:01:09,440 --> 00:01:13,120 Speaker 1: the alban Easy government's laws to force the Union into administration. 23 00:01:13,720 --> 00:01:17,440 Speaker 1: After six months of deliberation, the Court dismissed all grounds 24 00:01:17,520 --> 00:01:21,440 Speaker 1: of the constitutional challenge, including that the administration laws breached 25 00:01:21,480 --> 00:01:25,360 Speaker 1: the separation of powers. The implied freedom of political communication 26 00:01:25,880 --> 00:01:28,440 Speaker 1: did not have a sufficient connection to a Commonwealth power 27 00:01:28,760 --> 00:01:32,959 Speaker 1: and amounted to taking Union property without just terms compensation. 28 00:01:33,319 --> 00:01:35,560 Speaker 1: According to the FEN Review, the decision is expected to 29 00:01:35,600 --> 00:01:39,440 Speaker 1: open the way for the CFMEU administrator to take strong action, 30 00:01:39,560 --> 00:01:43,840 Speaker 1: including dismissing organizers loyal to the old regime, and boost 31 00:01:43,840 --> 00:01:46,319 Speaker 1: the confidence of the building industry to reveal corruption and 32 00:01:46,360 --> 00:01:51,040 Speaker 1: misconduct allegations. Workplace Relations Minister Amanda Rishworth welcomed the High 33 00:01:51,080 --> 00:01:54,400 Speaker 1: Court decision, saying it gives the administrator the confidence to 34 00:01:54,400 --> 00:01:57,120 Speaker 1: clean out the industry. Straight number four. Hopes that the 35 00:01:57,160 --> 00:01:59,760 Speaker 1: administrators of Regional Express are close to a sale of 36 00:01:59,760 --> 00:02:02,760 Speaker 1: the struggling carrier have been dashed. After the government says 37 00:02:02,800 --> 00:02:06,160 Speaker 1: it will continue to support REX for another six months. 38 00:02:06,320 --> 00:02:09,240 Speaker 1: Transport Minister Catherine King said the sale of Rex is 39 00:02:09,280 --> 00:02:13,000 Speaker 1: progressing positively, but administrators need another six months. The government 40 00:02:13,000 --> 00:02:15,440 Speaker 1: will provide a further thirty million dollars in support. That 41 00:02:15,560 --> 00:02:18,519 Speaker 1: means it's coughed up one hundred and sixty million dollars 42 00:02:18,639 --> 00:02:21,200 Speaker 1: so far. Now it's provided an eighty million dollar loan, 43 00:02:21,639 --> 00:02:24,600 Speaker 1: It's bought fifty million dollars worth of debt from major 44 00:02:24,639 --> 00:02:27,520 Speaker 1: creditor PAG Capital. That's one hundred and thirty plus this 45 00:02:27,639 --> 00:02:30,000 Speaker 1: other one hundred and thirty as King confirmed that the 46 00:02:30,040 --> 00:02:33,400 Speaker 1: bidding field had narrowed and an extension on the eleven 47 00:02:33,400 --> 00:02:36,680 Speaker 1: month old administration will allow time to secure a market 48 00:02:36,800 --> 00:02:40,040 Speaker 1: led solution. According to The Australian, Finally story number five, 49 00:02:40,240 --> 00:02:44,160 Speaker 1: Israeli airstrikes targeted Iran's capital, Tehran over the past thirty 50 00:02:44,160 --> 00:02:47,360 Speaker 1: six hours, pushing the death toll in the country towards 51 00:02:47,440 --> 00:02:50,400 Speaker 1: six hundred. It came as US President Dolald Trump called 52 00:02:50,440 --> 00:02:53,800 Speaker 1: for Iran's unconditional surrender. He also said the US is 53 00:02:53,840 --> 00:02:58,760 Speaker 1: considering joining israel strikes targeting Iran's underground nuclear sites. Iran 54 00:02:58,840 --> 00:03:03,359 Speaker 1: Supreme leader so totally. Ali Kamani has responded saying Iran 55 00:03:03,400 --> 00:03:06,919 Speaker 1: will never compromise now. Washington based group Human Rights Activists 56 00:03:06,919 --> 00:03:09,400 Speaker 1: said Israeli strikes had killed at least five hundred and 57 00:03:09,440 --> 00:03:12,600 Speaker 1: eighty five people and wounded thirteen twenty six in the 58 00:03:12,639 --> 00:03:15,440 Speaker 1: war so far. The conflict between Israel and Iran is 59 00:03:15,440 --> 00:03:18,440 Speaker 1: spilling into the digital world as well. A pro Israel 60 00:03:18,520 --> 00:03:22,040 Speaker 1: hacking group has claimed responsibility for a disruptive cyber attack 61 00:03:22,080 --> 00:03:26,040 Speaker 1: against a major Iranian bank, and the state run Irib 62 00:03:26,240 --> 00:03:29,239 Speaker 1: News reported that Israel had launched a full scale cyber 63 00:03:29,280 --> 00:03:33,120 Speaker 1: attack on Iran's critical infrastructure. That's it the Afternoon Report 64 00:03:33,160 --> 00:03:35,480 Speaker 1: for Wednesday, the eighteenth of June twenty twenty five. Make 65 00:03:35,520 --> 00:03:37,160 Speaker 1: sure you hit follow on the podcast. We will be 66 00:03:37,200 --> 00:03:39,080 Speaker 1: back to our own morning with the Thursday edition. The 67 00:03:39,080 --> 00:03:41,840 Speaker 1: past five business years. I fear a greed. I'm Sean Elma. 68 00:03:42,320 --> 00:03:42,920 Speaker 1: Enjoy your reading.