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ASX to fall as Scott Morrison announces $500m carbon capture scheme

·1-min read
The ASX board and Prime Minister Scott Morrison
The date of the election has not yet been announced but pre-election promises are starting to be made. (Source: Getty)

Good morning.

ASX: The local market is expected to open in the red after a booming NAB profit was not enough to inspire investors to raise the Aussie market yesterday.

Wall St: US stocks fell overnight, retreating from record highs as a solid rise in producer prices last month deepened concerns over inflation, while General Electric surged after announcing its plan to split into three public companies.

BTC: Bitcoin is sitting around 2 per cent higher this morning as non-fungible tokens take centre stage at the Yahoo Finance Decrypt event in the United States.

Climate failure: Australia's climate policies have been ranked last out of 64 countries and among the worst offenders for emissions, renewables and energy use.

Australia slipped four spots to 58th overall place in the latest Climate Change Performance Index unveiled at the COP26 summit in Glasgow.

This comes as the Morrison Government announces a new $500 million investment to capture carbon emissions as the ramp-up to the announcement of the federal election gains momentum.

Business bust: Businesses that have survived the COVID pandemic are still in danger, according to ​​digital credit reporting agency CreditorWatch.

Despite positive data last week suggesting many Aussie businesses were able to stick it out, CreditorWatch said this was likely to change once the Australian Taxation Office stopped being so lenient on debts.

Facebook: Despite the controversy surrounding the social media giant, it still has millions of users around the world.

But which countries have the most? Here are the top 10 Facebook-using countries. Find out where Australia ranks.

Have a great day.

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