Biggest creditor: Sanjeev Gupta’s GFG owed $500m from Whyalla
The British industrial magnate said his company’s focus is on ‘supporting Whyalla while safeguarding our interests’ and is working closely with the collapsed steelworks’ administrators.
RBA
Dutton comes out swinging over smears, defends ‘astute’ investments
The Opposition Leader has challenged Anthony Albanese to speak up rather than hide behind dirt unit ‘lackeys’, saying he was proud of his successful investments while noting the PM was also a ‘multi-millionaire’.
PM says forces monitoring Chinese ships as Beijing dismisses tests as ‘safe’
Anthony Albanese says Australian and New Zealand forces are monitoring the warships for live firing nearby as Penny Wong demands transparency, as China maintains they are ‘in accordance with international law’.
Minns ‘deeply ashamed’ Sydney Opera House protest occurred
The NSW Premier has apologised to the Jewish community for allowing an October 9, 2023, demonstration to go ahead, while the federal Attorney-General was heckled during an address at an anti-Semitism summit.
Labor backs Whyalla move, ‘considering’ China’s Darwin Port lease
The Albanese government has backed SA Premier Peter Malinauskas forcing the Whyalla steelworks into administration, as Richard Marles says Labor is ‘considering’ the issue of China’s 99-year lease of the Darwin Port.
Rate cut ‘does not imply’ further relief is coming, Bullock warns
RBA governor Michele Bullock said while strength of jobs market is ‘surprising’, the board is wary of derailing ‘inflationary process’ as Treasurer Jim Chalmers declares ‘worst is behind us’.
Dutton backs climate accord, tipped to set emissions reduction target
Peter Dutton will set a 2035 emissions reduction target if he wins the election, senior Coalition sources say, as he warned leaving the Paris accord – like Donald Trump – would damage Australia’s trade relationships.
Premier calls for peace on streets following ceasefire
Victorian Premier Jacinta Allan has called for an end to pro-Palestinian protests across the nation, saying if ‘the guns can be silenced in Gaza’, the disruption to local streets can also stop.
Taylor blasts ‘spend and spin’ Chalmers as budget blowouts revealed
Angus Taylor says the mid-year economic update shows the Albanese government is ‘the biggest spending outside of wartime or crisis’ and offers no pathway to restoring standards of living.
Victoria bans protests at places of worship in anti-Semitism crackdown
Victoria’s Labor government will move to ban terrorist flags and symbols in public, ban face coverings at protests, and introduce legislation to curb protests at places of worship following an arson attack on a Melbourne synagogue last week.
‘Enormous debt, highest taxes’: Pesutto’s blast for outgoing Treasurer
After Victoria’s longest serving Treasurer Tim Pallas announced he was quitting politics, Opposition Leader John Pesutto said his legacy would be one of ‘enormous debt that Victorians in the present … and future generations will be saddled with’.
‘We won’t have the money’: Gallagher says Pocock will win ACT Senate race
Finance Minister Katy Gallagher says she expects donors, who poured almost $2m into David Pocock’s 2022 campaign, will help secure the independent senator first place from Labor in the ballot next year.
Labor ‘has sold out Israel for Greens votes’ amid UN backing for Palestine
Peter Dutton says the Albanese government has defected from long-held bipartisanship as it chases votes in western Sydney and the inner-city, after Australia backed Palestinian statehood and for the withdrawal of Israel from the Occupied Territories.
Hospitality giant apologises for Australia Day ‘ban’
Australian Venue Co quickly walked back its directive to the managers of more than 200 pubs against celebrating Australia Day due to the ‘hurt it causes some of our patrons’.
‘Political slush fund’: Costello slams Chalmers’ Future Fund move
Former treasurer Peter Costello has condemned Jim Chalmers’ changes to the $230bn Future Fund’s investment mandate, arguing the move risked lower returns.
‘Inappropriate to weigh in’: Chalmers coy on Cbus as super fund prepares to face grilling
Treasurer Jim Chalmers has broken his silence after charges were filed against the Wayne Swan-chaired fund, amid confirmation its chief executive will front a Senate committee tomorrow.
Dutton: People smugglers believe they’re back in business
Peter Dutton says the latest arrival of foreign nationals in a NT island shows the Albanese government is seen as ‘weak’.
Dutton: PM should refer himself to anti-corruption commission over Qantas
Opposition Leader Peter Dutton has called on Prime Minister Anthony Albanese to refer himself to the National Anti-Corruption Commission over revelations in a new book he requested upgrades from former Qantas boss Alan Joyce.
Lobster agreement part of effort to ‘stabilise relationship’ with China: PM
Prime Minister Anthony Albanese said the easing of restrictions on lobster exports was part of his government’s effort to ‘stabilise the relationship’ with China, while dodging questions on leaders coming to a consensus over Israel at the ASEAN summit.
Pro-Palestine protesters clash with police, busker in Melbourne
Protestors are in custody after a brawl broke out in the Melbourne CBD, as activists descended on an arms manufacturer expo.
‘Punching itself in face’: Swan backs Chalmers, blasts RBA
Labor elder statesman Wayne Swan has waded into the RBA row, accusing the central bank of ‘hammering households’ and putting economic dogma over practical decisions that would boost an ailing economy.
Albanese defends census backflip as Labor’s ‘lack of courage’ blasted
Adding a census question on sexuality and diversity is common sense, the PM says, amid criticism Labor ‘doesn’t know what they believe in’ after the embarrassing reversal.
Terri Butler appointed deputy president of Fair Work Commission
Workplace Relations Minister Murray Watt said the appointment showed the Albanese government was delivering on its promise to restore balance to the commission.
Politics Now: CFMEU demerger laws pass Senate after AFL threat
The bill was supported by the Opposition but opposed by the Greens, with senator Nick McKim arguing the new laws were backed by the Liberals who were ‘no friends of unions’ and had a ‘history of union bashing’.
Politics Now: Social media does no harm to kids, claims Meta
Local Meta executives told a joint select committee that social media was ‘safe and positive’ for children, while admitting the tech giant had no local staff to police dangerous content.
Inflation jump ‘not a turning point in RBA’s outlook’
Reserve Bank deputy governor Andrew Hauser noted there had been ‘substantial market reaction’ to the recent inflation rise but suggested it was ‘not a turning point’ in the central bank’s outlook.
More rental pain as vacancy rates fall
All but one capital city across the country have seen drops in rental vacancy rates, with the trend likely to continue.
Savers get only three of four rises
The big banks have been quick to pass on the dozen rate hikes to mortgage holders, but have once again dudded savers.
Renewal or revolution? PM’s true agenda revealed
Anthony Albanese assured voters in 2022 that he’d be a safe pair of hands. But 14 months after winning office, the scale of Labor’s ‘renewal project’ is becoming clear.
Surplus to soar to $20bn on tax tailwinds
The final surplus for 2022-23 could be five times higher than that predicted in the May budget, independent economist says.
Original URL: https://www.theaustralian.com.au/topics/rba