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Australia news LIVE: Energy chief says crisis boosts case for renewables; Russia sanctions 121 Australians; National cabinet meets
Job-seeking and underemployment has dropped to its lowest level in 40 years, adding to pressure on the Reserve Bank to accelerate interest rate rises. Energy Security Board chair Anna Collyer said the pressure on the electricity grid highlighted the need for return to the long-term shift to renewable power.
- by Ashleigh McMillan
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Australia news LIVE: AEMO continues energy trading suspension; VIC, NSW making major investment in kindergartens
Follow along on our live blog for the major news of the day.
- by Roy Ward, Amelia McGuire and Josh Dye
Australia news LIVE: Energy market suspends trading to shore up electricity grid; Fair Work Commission raises minimum wage by 5.2 per cent; RBA predicts 7 per cent inflation by end of 2022
Follow along on our national blog for the major news developments of the day.
- by Josh Dye and Roy Ward
Australia news LIVE: ASX enters correction with $80b wiped off sharemarket; Blackouts possible in NSW and Queensland; Socceroos off to the World Cup
Meanwhile, new data shows the total value of Australia’s 10.8 million residential properties has increased by $221 billion in the first three months of the year. Follow our live coverage.
- by Hanna Mills Turbet and Josh Dye
Australia news LIVE: Biloela family return home; Albanese and Ardern meet in Sydney; Calls for national COVID-19 database; state and federal ministers disagree over fossil fuels
Some state and federal ministers are at loggerheads over the future of the fossil fuel, while Australia’s most respected infectious disease experts warn our systems for collecting information on coronavirus infections are fragmented.
- by Ashleigh McMillan and Angus Thomson
Australia news LIVE: Bowen, energy ministers agree new plan as Andrews says Victoria won’t frack farm land; missing Sydney boy found
Follow along for the major news of the day on our live blog.
- by Josh Dye and Roy Ward
Australia news LIVE: More financial pain ahead, says Chalmers; PM Anthony Albanese confirms review of Port of Darwin lease
Follow our national news live blog for the major stories of the day.
- by Josh Dye and Roy Ward
As it happened: RBA lifts interest rate to 0.85 per cent; UK prime minister survives no-confidence motion
Australia’s Treasurer Jim Chalmers is warning it will be a difficult day for homeowners, with the Reserve Bank of Australia likely to lift the cash rate this afternoon.
- by Latika Bourke, Ashleigh McMillan and Josh Dye
As it happened: RBA expected to lift rates due to inflation; Commonwealth and states to meet on gas crisis; Albanese visits Indonesia
The Reserve Bank could lift rates higher than expected on Tuesday after Treasurer Jim Chalmers said inflation was worse than the March budget forecast. State and federal government ministers will meet on Wednesday to discuss solutions to the gas crisis.
- by Ashleigh McMillan and Angus Thomson
Australia News LIVE: Queen’s Jubilee celebrations; Wong continues Pacific visits; Government faces energy crisis
Labor lodges Fair Work call for higher wages and Beijing meets resistance in the Pacific as Foreign minister Penny Wong continues her visit to the region.
- by Kate Rose and Nell Geraets
Australia News LIVE: Government weighs energy action; Wages in focus; Penny Wong races back to the Pacific; Robert Hughes gets parole
The federal government could constrain exports of gas as it looks to rein in runaway prices.
- by Mary Ward and Roy Ward