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Katherine Scott and Tim Biggs Hundreds of bags were delayed at Hamburg Airport last month. A global shortage of baggage handlers has resulted in a spike in the number of delayed or lost baggage. Photo: Getty Images Lost and delayed baggage continues to plague the airline industry amid soaring travel demand and a widespread shortage of baggage handlers. Several airlines have taken extreme steps to contain the crisis, with US carrier Delta Air Lines this week flying with delayed baggage, and no passengers, from London to Detroit. Icelandair, meanwhile, puts its own baggage handlers on flights to Amsterdam to ensure baggage is dropped off at the city’s overwhelmed Schiphol Airport. Amid horror stories about lost and delayed bags, travelers are turning to baggage tracking devices to try and make sure they can find their belongings, even if airlines can’t find them. Shane Miller used Apple AirTag to find his own delayed bag at Melbourne Airport, after waiti...

This is slowly becoming the consensus economist view, although there are some spruikers who claim that house prices will continue to rise as higher interest rates have no impact on them. It should also be noted that we are not pre-nature perma bears when it comes to Australian housing. In contrast, we are the most bullish forecasters on Aussie housing in early 2020 when everyone expects prices to fall 10-20 percent. Household challenges Australian households are facing a record decline in the value of their largest asset, an owner-occupied home. Wolter Peeters While the RBA is set to raise interest rates by another 50 basis points in August in response to sluggish inflation data heavily impacted by temporary supply-side shocks, we project that the record collapse in the value of Australia’s most important household asset will ultimately act as a constraint to the extent Martin Place may continue to raise rates. After a pre-emptive over-egging policy despite no evidence of a wag...

It’s nice to know that someone actually gets paid to watch the night sky to make sure that at least we’ll be notified if an asteroid is about to hit Earth. Technology and near-Earth surveys have advanced enough that the possibility of an asteroid the size of a planet-killer appearing out of nowhere, as is so prevalent in modern media depictions, is highly unlikely. Even the smaller ones, which would only annihilate a city or part of a continent, received enough attention to know whether they posed a threat or not. And ahead of Asteroid Day 2022, which happens on June 30, the ESA is proud to announce that they can remove one of the most threatening asteroids from their list of potential impacts. The asteroid, known as 2021 QM1, was first detected at the Mount Lemmon observatory on August 28, 2021. It was only one of about a dozen near-Earth asteroids discovered that night and did not initially raise any alarm. But follow-up observations put it on a potentially near-miss path...

Four days of the fashion world’s top designers showcasing their most extravagant designs are over, with flowers, balloons and live horses on display on the Haute Couture runways. Dior’s line by Maria Grazia Chiuri kicked off this week for the fall/winter 2022-23 collection with a simple and elegant design. The stage set was created by Ukrainian artist Olesia Trofymenko, with a collection featuring everything the average person could expect from a Haute Couture. Dior started the fashion week with a simple yet elegant runway. ( AP: Michel Euler ) Some describe the Iris van Herpen collection as “futuristic” and like from “Marvel Movies”: They weren’t wrong. The show, entitled “Meta Morphism”, is also a milestone for the award-winning couturier, marking the 15th anniversary of its namesake fashion design house. Winnie Harlow stars as one of the models in collections such as Marvel. ( AP: Michel Euler ) It may have been Iris van Herpen...