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ASX to rise as Twitter launches edit button

·Personal Finance Editor
·2-min read
The ASX board showing company price changes and a person holding a smart phone with the Twitter logo on it.
The ASX is expected to open slightly higher this morning as Twitter announces its introducing an edit button. (Source: Getty)

ASX: The local market is expected to edge higher this morning after Wall Street logged gains overnight.

This comes after the ASX started a new month on a sour note, dropping sharply to a five-week low amid growing concerns about the state of the global economy.

Wall Street: US stocks pared heavy losses on Thursday in the final hour of a volatile session as the major averages looked to recover from their biggest August percentage declines since 2015.

Jobs summit: A body to help transition fossil-fuel workers into clean-energy jobs would be critical for the country's renewables transition, the Jobs and Skills Summit in Canberra was told.

Along with calls to increase the number of jobs in the renewables sector as demand grew, the summit heard a national energy transition authority would help communities where mining and fossil-fuel industries were common.

Meanwhile, Employment Minister Tony Burke identified issues with the Fair Work Act he hoped to address immediately.

These included providing better access to flexible work arrangements and unpaid parental leave so families could share work and caring responsibilities.

Today, the role of migration and training in fixing the skills and labour shortage crisis will be a key discussion point.

More than 140 representatives will gather for the second and final day of the summit at Parliament House in Canberra.

Coal: The Queensland Labor government has approved the expansion of a second coal mine in a week, giving the nod for the Carborough Downs mine to more than double its output and operate until 2033.

Spam texts: A finance company has been fined by the communications watchdog for breaching spamming laws more than 3 million times.

Latitude Finance Australia was forced to pay a $1.55 million fine to the Australian Communication and Media Authority (ACMA) due to mischaracterising commercial emails and texts to customers.

Edit: Twitter Inc will launch a widely requested edit button for its paid subscribers in the coming weeks, the social media company said.

For years, Twitter users have demanded the ability to edit their tweets after publishing, in order to fix errors like typos.

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