New Zealand markets closed
  • NZX 50

    +106.50 (+0.94%)

    +0.0040 (+0.65%)

    +116.90 (+1.61%)
  • OIL

    +0.05 (+0.07%)
  • GOLD

    +8.30 (+0.41%)

ASX up, commuter chaos and 4 other things to start your day

The ASX board showing company price changes and a Sydney bus.
The ASX is expected to edge higher this morning and Sydney suffers a bus driver shortage. (Source: Getty)

ASX: The local share market is expected to edge higher this morning after US stocks rallied over the weekend.

Travel warning: Commuters in Sydney have been told to “brace for chaos” across the city’s bus network as New South Wales suffers a major bus driver shortage.

Unions said operators had been forced to cancel thousands of services while transport authorities insisted the situation was only temporary.

The cancellations cover regions north, northwest and south of downtown Sydney, including the northern beaches and eastern suburbs.

Foreign students: The Australian university sector has welcomed a snap Chinese government ban on citizens studying at foreign universities online.

Universities Australia CEO Catriona Jackson said the move would encourage around 40,000 Chinese students to return to Australia but warned there would be logistical hurdles.

Doctor crisis: The Australian Doctors Reform Society have called for an urgent boost to bulk billing incentives for doctors to improve patient care.

The medical body urged for an increase to the incentive for GPs by at least $10, saying Medicare was "on life support".

Lost capsule: Rio Tinto said it was taking the loss of a radioactive piece of equipment - smaller than a 10 cent piece - "very seriously".

The company has launched an internal investigation into how the item went missing over a 1,400-kilometre stretch of road between its Western Australia mine site and Perth.

RATs: Millions of COVID rapid antigen tests purchased by state and territory governments will expire in the coming months, prompting debate about what to do with them.

Analysis by the ABC showed about 5.5 million tests were due to expire in the next three months in Queensland and Western Australia alone - figures are unknown in NSW and South Australia because they did not participate in the analysis.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to our free daily newsletter.