well hello and welcome to cow kind tv james preston with you for the news beyond markets
program a very special show that will get you up to date with all the news that matters for your
day let's start with some news on the home front and it's another concerning day for james packer
and crown resorts the state of victoria said it would give additional time and funding to the
royal commission to allow it to investigate a wider range of matters into crown resorts
the move comes in at a time where crown is trying to overturn a suspension of its new sydney casino
license and is balancing buyout talks with suda star entertainment group the victorian government
said it approved an extension to october 15 from the initial august 1 deadline and an
increase in the funding to 19.75 million dollars all the way up from 10 million australian dollars
to further assist with inquiries the royal commission inquiry into crown was appointed
by the state in february to assess its fitness for holding a gambling licence with other states also
probing the company this happened after media accused it of having ties to money laundering
a royal commission is australia's most powerful type of public inquiry it even has the power to
compel witnesses australian media reports accuse the company which is one-third owned
by billionaire james packer of doing business with tour operators with ties to organized crime
crown initially denied the allegations but admitted at the sydney inquiry in 2020 that some
of the claims were indeed true victoria also said the royal commission would look deeper into the
corporate culture of crown melbourne and claims that had already been brought so far as evidence
claims also included allegations that crown melbourne underpaid its casino tax
crown said in a separate statement that it would continue to cooperate with the inquiry
from towering structures to under the sea and there are reports that australia will refurbish
its aging columns class submarine fleet as doubts over canberra's
50 billion deal for 12 new submarines built by a french shipbuilder naval group continue to grow
australia in 2016 selected naval group to build a new submarine fleet to replace its more than
two decades-old colon submarines the decision was undertaken to significantly expand its military
military to protect strategic and trade interest in the asia pacific
the deal which is one of the world's most lucrative defence deals has been beset by
issues and delays due to canberra's requirement that the majority of the manufacturing and also
components required to build the products will need to be sourced locally
as a result australian defense officials said that they were undertaking quote contingency planning
casting further doubt over the subsequent deal with naval group australian reported that minister
for defence peter dudden will order a refit of existing collins-class submarines instead the
colin submarines were due to be retired in the next few years and the first of australia's six
columns class submarines will reach the end of its lifespan in 2026 this is several years before the
first of the new fleet a diesel electric version of naval group's 5 000 ton barracuda nuclear
powered submarine is scheduled to be delivered the final new submarine will be operational during the
2050s australia's prime minister scott morrison will meet with french president emmanuel macron
next week and the two are expected to discuss the submarine deal and other pressing matters
well it's fair to say the pressure is not just inside the cabin of the subs with prime minister
scott morris and his government also feeling the heat but fortunately things are cooling
down covert wise in victoria and all the details right here on calkine tv after a short break
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property by calkine looking for a dream home well that may sound easy but it isn't
and from looking for a property that is the right fit for you in terms of cost and other
factors to zeroing down on the right mortgage plan there are various aspects to consider and
for the latest slowdown on the property market tune in on calkine tv with me sage i will give
the latest updates on the property market as well as real estate stocks to help you
make the right decision keep watching property with calcane thanks for sticking with us on
cow kind tv i'm james preston hope you're having a wonderful day wherever you are
this is the news beyond market show well next up is a news that comes as a bit of a sigh of relief
australia's victoria has reported zero locally acquired cases of cover 19 for the first time
in nearly three weeks as of friday this is when the state capital melbourne came out of a snap
two-week lockdown after an outbreak that has seen about 90 cases since the 24th of may
melbourne exited the lockdown on thursday night but some restrictions on travel and gathering will
still remain including a rule that would force the city's 5 million residents to stay within
25 kilometers of their current dwellings meanwhile neighbouring new south wales state and queensland
are on virus alert after an infected woman and her husband traveled from victoria through several
country towns in both states the 44 year old woman tested positive for cover 19 after reaching
the queensland state and later passed the virus to her husband cafes restaurants service
stations and supermarkets in new south wales and queensland have been listed as virus hotspots
though queensland officials said the couple was likely at the end of the infectious period
and posed quite a low risk new south wales the country's most popular state has not reported
any locally acquired cases of cover 19 in more than a month whereas for queensland their last
reported case was in late march queensland reported no locally acquired cases on friday
and new south wales is expected to report its daily case numbers later today australia
has fared much better than many other developed countries during the pandemic with just over 30
200 covert 19 cases and 910 deaths which have mostly been in victorian aged care homes
snap lockdowns internal border controls and tough social distancing rules have helped it
contain major outbreaks moving on to another news update brazil's regional labor judge has ordered
the world's leading iron ore miner vale sa to pay compensation of one million rears to the families
of all 131 employees killed in the 2019 dam collapse accident the fatal disaster in brahmadino
had killed around 270 people in brazil and was the primary reason for the hampered performance of the
company for the last two years amid stringent safety procedures on wednesday the judge agreed
to the request of the mining workers union regarding the compensation of disaster victims
however the company said that it had already paid more than two billion rears in civil and
labor indemnities related to the mine disaster veil had already reached a 37.7 billion real
agreement in february 2021 with the state of minus garris and prosecutors to settle disaster claims
well next in our news update comes courtesy of the ernest and young australia awards which
has now honored the royal highness the prince of wales of the united kingdom with inaugural social
entrepreneurship award zhang jin seo honorary chairman of south korea-based seltreon group
was named ernest and young's world entrepreneur of the year for 2021 during a virtual awards ceremony
which was broadcast live around the world zhang jing was picked from among 45 award winners from
38 different countries and territories competing for the global award he's the first winner
from south korea in the awards 21 year history zhongjin 63 founded celtrion a biopharmaceutical
firm in 2003 with only 45 000 us dollars in the near 20 years since its founding celtrion has
lived up to its ambition to advance health and welfare for all by developing groundbreaking
drugs to treat autoimmune diseases different forms of cancer and of course most recently
covert 19. his royal highness the prince of wales was the first recipient of the ernest and young
social entrepreneurship award this award was given in recognition of the tremendous social value
created by the prince of wales and his leading initiatives including the prince's trust and
business in the community the exciting progress of the bold global sustainable markets initiative
and also this year's unveiling of the terra cotta which provides a road map toward putting nature
people and planet at the heart of global creation over the next decade the new award will remain an
annual feature and was established to recognize leaders who are focused on creating a purposeful
business in society now it's been a little while since we've heard anything from greta tunberg and
she might now have a little bit of competition from a young aussie woman who is being referred
to as australia's own greta all the info on the other side of this break on cow kind tv
crypto talk by calkin the crypto market has been red-hot given the bitcoin rally since the past
year and now the most famous cryptocurrency has got competitors dogecoin and ethereum
if the crypto market excites you tune in with me sage to know the latest developments about
the existing digital currencies and the new ones that are joining the race i'll help
you understand the opportunities and the risks the crypto market has in store for you for all
the digital currency related developments continue watching crypto talk by cal kind
welcome back to cow kind tv james preston with you for news beyond markets hope you're having
a wonderful day no matter where you are watching from let's take it some big news coming in today
namely a bit of buzzing news especially when it comes to highlighting one of our own up and
coming activists let's have a little look at izzy raj seppings who is quickly becoming australia's
greta thumbo a teenage girl fighting for climate change in australia has come into the limelight
once again izzy raj steppings is a climate change activist who first grabbed the public eye during
the bushfire protests of 2019 recently she hit the road for a new march to fight and spread awareness
against climate change now if you're thinking her name does ring a bell she has been reminding
us for a couple of years now of the global iconic teenage activist that is greta thundberg
so let's have a look at izzy rash settings and recently her past protests have begun
to shed a bit of light on the country and her role as a budding new green panther
she is of course now being compared to greta thundberg unfortunately australia itself has
ranked second last in climate change policy making in the 2021 climate change performance
index report as the country needed some motivation to up the ante in came izzy rash and she's since
realistically taken the limelight a 14 year old's battle began in 2019 when she joined the bushfire
protests protesters assembled in front of prime minister scott morrison's residence to demand
action against climate change in 2019 australia experienced one of the worst bushfires on record
and of course bushfires were not new in the continent but the latest one was one
of the most dangerous and it stretched all the way until the early months of 2020.
the 2019 process protest that began peacefully turned into chaotic scenes at times and put many
people in the limelight one of those was izzy raj steppings izzy raj voiced out that australia's
authorities live in denial and immediate and strict actions for climate change are the need of
the hour recently she kept captured headlines with her school strike for climate protest march in the
protests she led thousands of students through central sydney eight school students including
izuraj have also filed a class action lawsuit against the central government to allow permission
to expand a coal mine in new south wales notably the power teen is leading thousands of protests
and has filed a landmark class action lawsuit to ensure that her motives are heard and acted upon
the girl is the new rising star of australia or better called as the aussie greta thunder
she believes that people underestimate school children and think of them as mere kids
when they have the power to do much more however she has time and again asserted that it's their
future and strict actions to combat climate change are needed immediately well it's very
inspiring to see young people taking matters into their own hands to speak up against an array of
issues in the hopes of making the world a better place for themselves and also future generations
all right then well that is all for now please stay tuned to calkin tv for more live updates
we'll be back with more news on markets economy and diverse themes and sectors
and of course holly shields will be with you in just a moment for the penny picks program