(Bloomberg) -- Gold had the biggest weekly gain since July and copper rose as Joe Biden tightened his grip on the race for the White House, while investors also weighed prospects for further Federal Reserve stimulus.Bullion broke out of a narrow trading range seen over the past month as uncertainty over the U.S. election and renewed stimulus hopes boosted demand for the haven. projects across the nation to support 30,000 jobs. Penn Virginia Corporation (NASDAQ: PVAC)Q3 2020 Earnings CallNov 6, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Penn Virginia's Third Quarter 2020 Earnings Conference Call. The measure allows first home buyers to get a loan to build a new dwelling or purchase a newly built dwelling with a deposit of as little as five per cent, with the government guaranteeing up to 15 per cent of the loan. Find out more about our policy and your choices, including how to opt-out. Jobs The federal budget will increase its spending in dementia care over the next four years. Considering a change of direction? That's less than the planned spending of $4.79 trillion and will create a $1.083 trillion budget … Small business owners will also be able to claw back thousands in tax with a new loss carry back scheme. In another major change, all Australian companies are, as of October 2, exempt from paying fringe benefits tax when they pay for workers to train for a different role. Netflix takes an old-fashioned approach for its latest feature, Amazon plans a new data center in India and we review the PlayStation 5. The Budget measure is designed to help Australians suffering more severe or enduring mental health impacts from the coronavirus pandemic. The Fed kept its stimulus steady at its meeting this week, but a Republican Senate hamstringing government aid efforts may force it to step up and fill the gap soon.The U.S. unemployment rate fell more than expected in October, dropping to 6.9%, according to a Labor Department report Friday.Spot gold rose 0.1% to close at $1,951.35 an ounce, after gaining as much as 0.6%. The Government is also establishing a Respect@Work Council to help address sexual harassment in the workplace. Credit reforms have will also be introduced to ensure businesses have easier access to debt funding through loans. That’s the highest budget deficit since World War II. Financial Services Minister Jane Hume hinted in August that the superannuation system could see reform in this year’s budget. I relied on Federal Budget IQ’s experience, research, insight, and unbiased perspective to validate strategic decisions and realign resources to help our business grow. A total of $7.5 billion in infrastructure funding will be brought forward for shovel-ready transport projects across Australia. That extended this week’s gain to 3.9%. Democrat Joe Biden has taken the lead in Pennsylvania over President Donald Trump, putting him on the cusp of victory in the presidential race.Bullion gave up some of the early advances as “stocks have come off highs and the dollar is making a modest comeback. Molesworth said the Government could provide incentives to buy assets and expand business operations, or offer an employee headcount rebate. Image source: The Motley Fool. The Coalition has also been hotly debating the legislated increase to the super guarantee, or the amount your employer pays into your superannuation, which is slated to begin gradually increasing from 9.5 per cent to 12.5 per cent from 2021. From the end of 2008 to 2019, the amount of federal debt held by the public nearly tripled. Labor is not expected to oppose the plan to bring forward and backdate the stage-two cuts, meaning millions of Australians could have extra cash in their pockets within weeks. This means the broadcaster’s funding will not go up with inflation and has resulted in $41 million less funding compared to last year. Pictured: Sydneysiders are seen at a pub, Pictured: Tradespeople wave to the camera in Sydney's CBD during the October long weekend. The government predicts the entire nation will not be vaccinated until the end of 2021, meaning overseas travel will 'remain low' until then. The Governmentâs Your Future, Your Super reforms will make the superannuation system better for members by ensuring your super follows you when you change jobs, introducing an online comparison tool, holding funds to account for underperformance, and increasing transparency and accountability. Trump may struggle to do the same, WHO warns '10 per cent' of world's population may be infected with COVID-19, The post-viral condition hitting some COVID-19 survivors. But Mr Morrison wants to do more to support newer technologies to drive down power bills, create jobs and reduce emissions. 'Responsible lending has become restrictive lending,' he said. Some will get all of it in their pay packets, others at tax time. The change is due to kick in on July 1 next year, subject to the passage of legislation. Remove fringe benefits tax for retraining (applies to all companies). The building works turning the Garden of England into a Brexit lorry park: Map shows location of 10 HGV... Michel Barnier 'blocks British demands for Boris Johnson to negotiate directly with Ursula von der Leyen' as... Brazen couple, 60 and 42, were caught having sex near children's play area in park in broad daylight during... How do YOU hold the steering wheel? It will remain for the 2020-21 financial year, letting workers keep an additional $1,080 on top of the tax cut, but will snap back in 2021-22, meaning middle-income earners will pay more tax next year than they will this year. Businesses can lodge an amendment application before the time limit and the ATO may extend the time limit to give effect to the application. Scientists say single... Liverpool's mass-testing scheme is branded a 'shambles' as Covid-stricken patients are allowed to mix with... ROBERT HARDMAN: Lift-off for the Mersey Moonshot... so did mass testing programme give Britain the result it... Covid marshals go on patrol in Bristol to snoop on businesses defying lockdown orders - as hair salons,... Has Rishi been told to tone down his brand? The Government is committed to supporting the mental health and wellbeing of all Australians. The federal budget deficit in August 2020 was $198 billion, CBO estimates, $3 billion less than the deficit in August of last year. 'We want to ensure our farmers and miners and other businesses can get their world-class goods to market faster and cheaper,' he said on Monday. What happens if Trump's supporters believe the election is being stolen? Bosses will be able to claim $200 each week for every employee hired after Wednesday aged between 16 and 29, and $100 each week for every employee aged between 30 and 35. Currently, they are required to calculate their actual income for the period, as the basis for their PAYG instalment calculation. The Federal Budget will be handed down on Tuesday, but various ministers have already let slip a few major policy changes we should expect to see. The government will also set up a $50million Carbon Capture Use and Storage Development Fund which will pay for projects to capture carbon emissions. The funding will be primarily put towards “affordable, safe and sustainable” accommodation that helps to prevent homelessness. The Government is providing $1.7 billion to secure access to over 84.8 million doses of potential vaccines being developed by the University of Oxford and the University of Queensland. Companies that turn over less than $5billion year (virtually all businesses, no doubt including this cafe) can buy a new asset of unlimited value – such as a truck or piece of machinery – and expense the whole cost to the taxman for one year. The centerpiece of Mr Morrison's plan is to build a giant hydrogen export hub worth $70million where the gas can be shipped to countries around the world including Japan, South Korea, Singapore and Germany. How effective will it be? Social Services Minister Anne Ruston revealed that Aussie pensioners would score a cash boost in the upcoming budget, although she did not specify exactly how much they would receive. Young Australians may see some financial aid come their way in the October budget, with Prime Minister Scott Morrison hinting at support at the Youth Futures Summit in August. Treasurer Josh Frydenberg said the changes would also enable the execution of documents to now be undertaken digitally, and AGMs to be held virtually. Want to make a difference? Councils will receive a share of $1 billion for local roads, footpaths and street lighting.
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