BusinessAustralian Associated PressOmicron vax warning sparks global sell-off
World share markets have fallen amid a scramble to safer currencies and bonds after the chief executive of drugmaker Moderna warned that COVID-19 vaccines are unlikely to be as effective against the new Omicron variant.4 per cent lower early on, oil shed three per cent, Australia's currency - which is highly sensitive to global economic confidence - hit a year low while Japan's safe-haven yen, German government bonds and gold all rose.
BusinessAustralian Associated PressWall St rises after virus-related sell-off
Wall Street stocks have closed higher, regaining some of the ground they lost in Friday's sell-off, as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden.The Nasdaq led gains among the major averages with help from the technology sector, while the S&P; and the Dow advanced after suffering their biggest one-day percentage declines in months in Friday's holiday-shortened session as investors worried that the latest
NewsAustralian Associated PressFirst home buyer deposit hurdle worsening
First home buyers in Australia now need more than 10 years just to save a 20 per cent deposit to own a home, a new report says, underlining the worsening housing affordability crisis across the country.The latest ANZ CoreLogic Housing Affordability report estimates that based on households saving 15 per cent of their gross annual income, it would take a record 10.
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