Yahoo Finance ASX up, falling on hard times and 5 other things to start your day
ASX: The local share market is expected to open higher this morning after a rally on Wall Street overnight.
Tough times: The spiralling cost of living and interest rate hikes are taking a toll on Aussie households with the highest rates of financial hardship since the start of the pandemic.
Four in 10 Aussies have experienced some form of financial difficulty, which is the highest number recorded by NAB's hardship survey since the early days of the COVID-19 outbreak.
Testing, testing: Political staffer Sally Rugg will use her unfair dismissal claim against a federal MP as a test case in what constitutes "reasonable" overtime for Aussie workers, her lawyer said.
Teal MP Monique Ryan and her chief of staff will return to the Federal Court in Melbourne today, after private negotiations failed to resolve the dispute.
Rugg alleged she was sacked for refusing to work unreasonable hours and is seeking compensation.
Climate ruling: Australia is supporting Vanuatu's bid to have a top international court outline what responsibilities countries have to act on climate change.
The Pacific island nation is one of the most susceptible to the impacts of climate change and has asked the International Court of Justice to issue an advisory opinion. More than 100 nations, including Britain and New Zealand, on top of a raft of European, Scandinavian, South-East Asian and Pacific nations co-sponsored the move.
Prawn shortage: Australian prawn farmers are on high alert after the contagious and deadly disease white spot was detected at a second prawn facility in northern NSW.
While white spot does not pose a threat to human health, the disease is highly infectious and can wipe out more than 80 per cent of farmed prawn populations.
Not that into it: Meta can’t seem to keep people interested in their VR headsets, with the company’s VP of VR saying people were just “not as into it”.
Secret passage: Egypt has unveiled the discovery of a long corridor inside the Great Pyramid of Giza, the first to be found on the structure's north side.
The corridor, which measures nine metres by two metres, is perched above the famous structure's main entrance and was detected using a scan, authorities said.
The function of the chamber is currently unknown, although such corridors often lead to further archaeological discoveries.
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