If you’re travelling to France this European summer, then this one’s for you…
France has banned domestic short-haul flights where train alternatives exist, in a bid to cut carbon emissions.
The law came into force two years after lawmakers had voted to end routes where the same journey could be made by train in under two-and-a-half hours.
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Australian shares dropped 0.6 per cent, or 46.1 points to 7213.8 at market close, weighed down by the materials and healthcare sectors.
The major miners recorded sharp falls during the late afternoon trading session as iron ore futures lowered.
Iron ore futures traded lower on the Singapore exchange, down 4 per cent to $US95.95 ($145.62) a tonne on the June contract.
BHP Group shares shed 2.2 per cent. Fortescue Metals dropped 4.1 per cent. Rio Tinto lost 2.1 per cent. Mineral Resources fell 3 per cent.
Meanwhile, gold stocks rallied. West African Resource jumped 4.7 per cent and was the best-performing stock. Bellevue Gold shares rose 2.4 per cent. Capricorn Metals was up 2.1 per cent. Regis Resources added 1.5 per cent.
Webjet jumped 3.8 per cent after it reported a 164 per cent boost to its revenue in FY23.
Qantas shares bounced back from yesterday’s losses, up 1.9 per cent.
Baby formula manufacturer Bubs Australia shares dropped 5 per cent after the company’s chief financial officer tendered their resignation.