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ASX up, ransoms outlawed and 6 other things to start your day

A composite image of Australia currency, the Medibank logo and the ASX board showing company price changes.
The ASX is expected to rise and paying ransoms may be outlawed. (Source: Getty)

ASX: The local share market is expected to open higher this morning after US markets extended a dramatic rise over the weekend.

Money and jobs: Two important bits of data will be released this week and will signal to the Reserve Bank whether another interest rate rise is needed.

The Australian Bureau of Statistics (ABS) will release wages data first on Tuesday, followed by unemployment figures on Wednesday.

In June, annual wage growth hit 2.6 per cent, but inflation is currently at 7.3 per cent. The RBA hopes that as the number of unemployed Aussies goes down, wages will rise to attract workers.

Ransom: It could soon be illegal for companies that fall victim to data breaches to pay a ransom to hackers.

Home Affairs Minister Clare O'Neil said the Government was considering banning ransom payments to discourage the cyber criminals from trying to chase a big payout.

Lawsuit: Speaking of data breaches, Medibank could face legal action after the details of millions of its customers were stolen in a data breach.

Law firm Maurice Blackburn confirmed it was reviewing whether customers affected by the hack could be entitled to compensation.

Air mail: Amazon has promised to deliver 500 million packages a year by drone from 2030.

The Australian executive in charge of Amazon's air division said drone deliveries were one of the only ways to get parcels to customers "in under an hour".

Safer drivers: Would you let a computer judge your driving to make it safer?

Amazon revealed surveillance of its drivers had cut road accidents by almost half over two years, as well as reducing risky behaviour including speeding and failing to wear a seatbelt.

See a pharmacist: Aussies living in NSW will soon be able to get vaccinations and some treatments prescribed at their local chemist.

NSW Premier Dominic Perrottet said it would free up other healthcare workers and give people better access to care, but some doctors have slammed the move as “madness”.

Baby coral: Reef restorers are feeling like proud parents after corals grown in Australia's original offshore nursery spawned for the first time on the Great Barrier Reef.

Marine biologists from the Reef Restoration Foundation witnessed the dramatic spectacle off Fitzroy Island, near Cairns, on Saturday night.

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