That’s a wrap – thank you for reading The Australian Financial Review blog today. These were some of our main stories:

• Albanese likens China talks to US-Soviet Cold War ties: Anthony Albanese is heading to the ASEAN summit for two days of talks with regional leaders where security will be a top priority.
• Mass evacuations as monster hurricane barrels towards Florida: Milton, one of the most intense Atlantic hurricanes on record, is threatening a stretch of Florida’s densely populated west coast still reeling from Helene.
• Australia’s universities tumble down global rankings: Australia has six universities in the world’s top 100 again, but pandemic-era revenue cuts are hitting financial viability.