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China said it was tracking the wreckage of a large, newly launched rocket at the time reenter the earth’s atmosphere this weekend in what Beijing says will pose little risk to anyone on the ground. The Long March 5B rocket launched Sunday to deliver a laboratory module to the Chinese space station under construction, marking the third flight of China’s most powerful rocket since its maiden launch in 2020. As happened during its first two flights, the entire main core stage of the rocket – which is 100 feet (30 meters) long and weighs 22 tons (about 48,500 lb) – has reached low orbit and is expected to fall back to Earth after the atmosphere. friction drags it down, according to American experts. Ultimately, the rocket body will disintegrate as it falls through the atmosphere but is large enough that many chunks will likely survive re-entry into the debris rain over an area about 2,000 km (1,240 mi) long by about 70 km wide. based analysts said on Wednesday. The likely loc...

A huge blow to the young Australian founders of tech start-up Canva as the stock market darling is hit by a brutal $20 BILLION pullback Graphic design software group Canva has cut valuation by $20 billion Was valued at AU$54 billion on the Australian stock market 10 months ago Venture capital firm Blackbird Ventures reduces Canva’s value by 36 percent By Kylie Stevens For The Australian Daily Mail Published: 01:47 EDT, 27 July 2022 | Updated: 01:49 EDT, 27 July 2022 An Australian tech start-up that was once worth more than Telstra and Woolworths has taken a major hit after its value plunged more than a third. Graphic design software group Canva was the darling of the Australian stock market 10 months ago, with an estimated market cap of AU$54 billion. The start-up – founded by young Australians Melanie Perkins and Cliff Obrecht a decade ago – has more than doubled in value in five months. But the compa...

Long queues, flight cancellations and baggage delays at Australia’s main airports could worsen, with “chronically overworked” ground crew threatening to go on strike because of pay and working conditions. Key points: The company supplies ground handling aircraft for up to 20 airlines including Qantas The strike is likely to impact thousands of travelers at Brisbane, Sydney and Melbourne international airports Ground crews have warned of chronic staff shortages, airport chaos and safety incidents The Transportation Workers’ Union (TWU) said about 700 baggage and ramp operations staff at global airline, Dnata, would apply to the Fair Work Commission on Tuesday to hold a vote on industry action. TWU claims the company is seeking to push through a new “unpleasant” employment agreement that “provides pay cuts to experienced workers and under minimum reward conditions”. Filing an application means staff will be protected under the Fair Work Act ...

Lanning, McGrath punishes Ireland, Schutt hits milestone in big win Tahlia McGrath’s transformation into one of Australia’s most dangerous T20 guns is such that she can hardly believe what she has done since her debut last year. McGrath, who had just won 70 of 45 games against Ireland on Thursday, looked surprised to learn that it was the first time he had been sent off in T20I, and his hitting average in his current format is in a healthy position. 247. “This is it… not bad!” McGrath laughed in his usually humble manner. Since earning his first T20I cap against India in October 2021 on the Gold Coast, McGrath’s scores in the four games he has played make for very impressive readings: 42no, 44no, 91no and 70. Named Player of the Match in each of his four games, McGrath said the depth of the Australian batting unit allowed him to play with complete freedom, as did genuine love and appreciation for pulling out greens and gold. ‘A little fun...

Australia’s rental crisis has hit another record, as tenants complain of up to 22 per cent rise in weekly payments. Domain on Thursday revealed, across Australian capital cities, median weekly rent payments are $515 for a house and $460 for a unit. That’s an increase from $460 and $410 respectively at the same time last year. Watch the latest News on Channel 7 or stream for free on 7plus >> The lack of supply in the market has contributed to rising rents, along with successive rate hikes by the Reserve Bank of Australia. The tenant bears the costs. In this week’s Reddit thread, tenants said they had been hit by increases of more than 20 percent in some cases. Someone said while they expected rents to increase, they were surprised when it jumped from $220 per week to $270 – a 22 percent increase. Others say their rents have gone up from $620 per week to $680 – but they are pragmatic about those increases. “To be honest I’m glad I got a rent increase o...

Australians are feeling the pressure from inflation, but in some parts of the world inflation rates are almost 11 times higher, causing massive spikes in the prices of goods. Key points: Experts told the ABC developing countries are likely to be hit harder by inflation One expert says countries with cautious central banks have so far managed rising inflation better The situation in Australia is common in countries such as the US, South Korea, Germany and Canada According to the Australian Bureau of Statistics, the country’s inflation rate is just above 5 percent. By comparison, Turkey faces one of the highest inflation rates in the world, currently at around 54 percent, Fariborz Moshirian, director of the global finance institute at the University of New South Wales, told the ABC. Sri Lanka, where protests over food and fuel shortages have prompted the President to leave the country, has an inflation rate of nearly 55 percent. Brazil’s inflation is around 12 percent and in R...