The race for the Champions League spots has been overshadowed as Serie A serves up fixture chaos relating to the Italian Open tennis tournament in Rome.
Calls for mandated domestic mobile roaming in Australia are intensifying, with consumer advocates and regional residents arguing it would improve coverage and competition. A report shows 73% of Australians support the change, allowing users to connect to other networks when out of their provider's coverage area. While some telcos express concerns about investment, others acknowledge potential benefits for consumers, especially in regional areas.
The ASX 200 experienced a morning fade due to war fears, with oil prices surging on escalating Gulf hostilities. Meanwhile, Apple has sued OpenAI and two former employees for trade secret theft, and Xero's CEO sold shares to cover a tax bill.
Advocates are pushing for mandatory domestic mobile roaming in Australia, citing consumer benefits like better coverage and competitive prices. A recent report indicates strong public support for the change, which would allow users to connect to other networks when outside their provider's coverage area.
Global markets are volatile as Gulf tensions escalate, impacting oil and wheat prices. Apple sues OpenAI for trade secret theft, while Telstra addresses employee concerns over outages. US earnings season begins with major banks reporting.
Wall Street closed positively, but weekend escalation of US-Iran hostilities and Iran's declaration of the Strait of Hormuz closure may impact the ASX's opening gains. ASX 200 futures indicated a 0.4% rise.
Labor's proposed 30% minimum tax on trust distributions impacts 210,000 small businesses. Restructuring relief is offered, but clarity on state stamp duty and accounting costs is needed, creating a difficult choice for businesses.
