Hospitals receive $1.5 billion bailout package and are spared forced mergers

Victoria state hospitals are to receive a $1.5 billion cash injection after the state government abandoned plans to force a merger of several health services. The announcement comes as the government negotiates hospital funding for the 2024/25 financial year, with repeated claims that authorities could be forced to make drastic staff cuts if funding is … Read more

US stocks rise as Big Tech bailout rally continues

Wall Street's major indices rose, helped by a dovish stance from Japan's top policymaker following a surprise interest rate hike last week that sparked sharp volatility in global markets. Global stock markets rose after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank would not raise interest rates if financial markets were … Read more