ASX: The local market is expected to edge higher this morning after Wall Street logged gains overnight.
This comes after the , dropping sharply to a five-week low amid growing concerns about the state of the global economy.
Wall Street: 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 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 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 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 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 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 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.
US stocks have fallen as a two-day rally in growth stocks was cut short by rising Treasury yields after data showed despite rising interest rates, the demand in the labour market remained firm and the services industry slowed modestly.After posting a loss in the previous quarter, the benchmark S&P; 500 index has gained 4.