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Economists say the latest inflation figures are positive, but warn fuel price shocks are not yet reflected in the data showing Australia's CPI rose 3.7% in the year to February.One Nation is calling on the federal government to enact the Liquid Fuel Emergency Act which could include rationing and prioritising supply for essential services.And a 17-year-old Melbourne boy has been charged with collecting terrorism material, after an ISIS flag was allegedly sent to his address from overseas.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The Federal Treasurer Jim Chalmers says he's pleased to see inflation slightly cool, but he expects a rise over the coming months because of the war in the Middle East.Jetstar is reducing some of its flights between Australia and New Zealand due to the rising cost of jet fuel.And residents along the central coast of Western Australia are preparing for tropical cyclone Narelle to strengthen to a category four system over the next few days. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Inflation has eased slightly, down to 3.7% over the 12 months to February.The federal government has introduced new legislation to crack down on companies looking to use the Middle East conflict to rip off Australians.And a tanker carrying much needed fuel supplies to Tasmania has made its way up the River Derwent this morning. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
With Australia and the European union now having inked a $10 billion free trade agreement after eight years of stalled negotiations, it's raised the question, what will is mean for Australian producers and products?
Josephine Asher with the top stories...US President Donald Trump insists negotiations with Iran about ending the war are happening 'right now'.He also says Washington has received a very big present from Iran, worth a 'tremendous amount of money'.Mr Trump is declining to say what it is, but says it's related to gas and oil. It comes as US media report the Pentagon is expected to deploy an additional three thousand troops to the Middle East.The federal government has introduced new legislation to double penalties for petrol companies that it says rip off Australian motorists.Under the proposed laws .. fines for suppliers and service stations caught engaging in false or misleading conduct and cartel behaviour will rise to $100 million per offence.The bill will be debated in the lower house tomorrow, with Labor calling on the Liberals and Nationals to back the legislation.And Northern Territory authorities warn the Katherine River could hit major flood levels again by this afternoon ... as the town continues to feel the effects of ex-tropical cyclone Narelle.The storm has now re-formed off WA's north and is expected to re-intensify to a category three before tracking south.Emergency services are urging Katherine residents to stay alert and avoid driving in flood waters.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Iran's Revolutionary Guards have published a video, mocking Donald Trump referencing his former television show 'The Apprentice'.
Brisbane has upped the ante in its wrestle with Sydney and Melbourne, opening a new theatre in a bid to lure big shows and big crowds.
NSW Police say they've arrested an additional two people over the kidnapping and murder of Chris Baghsarian.The 85-year-old was kidnapped from his Sydney home in February, in what police have described as a case of mistaken identity.His remains were located more than ten days later.Police arrested and charged two men over the kidnapping and murder ... and have now arrested an additional two people, a 23-year-old man and a 23-year-old woman.Donald Trump says Iran has given the US a 'very significant prize' related to oil and gas.The President didn't say what the gift was, only that it was related to the Strait of Hormuz and worth a lot of money.Mr Trump yesterday claimed peace talks were taking place, which Iranian officials said was fake news and an attempt to manipulate oil prices.It comes amid US media reports that the Pentagon will order three-thousand troops from an elite parachute force to the Middle East today.And. Tropical Cyclone Narelle has re-formed off WA's north and residents along the state's coast are being warned to stay on high alert.The system was upgraded to a cyclone while tracking away from the Kimberley coast overnight.The Bureau of Meteorology expects it to intensify to category three strength today, before turning south.Perth and the state's South West could be significantly impacted this weekend.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The United States is reportedly planning to send thousands more soldiers to the Middle East to support operations against Iran.The Pentagon is expected to order three thousand troops to the region today, according to multiple US media reports.They would join 7,500 marines and sailors en route to the region.Meanwhile, President Donald Trump says the US is negotiating with Iran.Tropical-Cyclone Narelle has re-formed off the WA coast.It was upgraded to a cyclone as it tracked away from the Kimberley coast, and forecasters expect it to intensify as it moves further south.The Bureau of Meteorology expects it to reach category three strength late today or early Thursday, before turning south towards the coast later this week.Perth and the state's south west could be significantly impacted, with heavy rain expected across much of WA's south, including the Wheatbelt, across the weekend.And hundreds of petrol stations across the country have run out of diesel or petrol — while many are reporting an increase in motorists driving off without paying.The government is lowering diesel standards in a bid to keep it flowing — as businesses count the cost of rising prices.Waste collectors are operating at a loss because of high diesel prices, and warn services cannot be sustained at current prices.For more news at any time you can follow the ABC Top Stories podcast.
Israeli says a woman has been killed and two others injured in the country's north after an afternoon of rocket and drone fire from Lebanon.Hezbollah has been vowing to mount a defence of Lebanon, after Israel's defence minister Israel Katz announced intentions to occupy the south of the country.Iran has also hit Tel Aviv in Israel, sheering off the side of an apartment building.Meanwhile, US media is reporting the Pentagon is expected to deploy an additional three thousand troops to the Middle East.Fuel retailers say reports of petrol drive-offs and agression towards workers are on the rise, as prices surge due to the ongoing conflict in the Middle East.Prices at the bowser have sky-rocketed in recent weeks, due to the war choking supply chains.The Australian Association of Convenience Stores says its members have reported an increase of nearly thirty-per-cent in people not paying for their fuel.The bureau of meteorology is forecasting the Katherine river could reach the major flood level of 17.5 metres this afternoon.Residents in the top end Northern Territory town are being told to keep their sandbags in place and monitor warnings.Adelaide River residents were also warned of possible water outages late last night.Ex-Tropical Cyclone Narelle has moved into the Indian Ocean off Western Australia's north coast, where it's expected to redevelop into a Category Two system.And… one of the experts from Australian reality television show, 'Married at First Sight', Mel Schilling, has died, aged 54.The public figure was first diagnosed with colon cancer in 20-23, and announced her terminal diagnosis earlier this month, saying the cancer had spread to the left side of her brain.For more news at any time you can follow the ABC Top Stories podcast.
Iran has fired three waves of missiles at Israel, with reports of an impact in the country's north.In Kuwait, power lines were damaged by air defence shrapnel, causing partial electricity outages.Meanwhile, Israel has continued to strike Iran and has pounded Beirut's southern suburbs saying that it was targeting Hezbollah infrastructure.The attacks come as Iran and the US have given conflicting accounts on whether the two countries are in communication about potential talks on the war.Iran denies talks have taken place.Federal energy minister Chris Bowen says a temporary change to Australia's diesel standards will increase supply and boost flexibility for refineries.The six-month adjustment lowers the flashpoint - or combustion temperature - from 61.5 degrees Celsius, to 60.5 degrees Celsius.The government says the temporary change, which has already commenced, will have no impact on engines or emissions.Ex-Tropical Cyclone Narelle is continuing to lash WA's north coast and is forecast to rapidly re-intensify tonight and into Wednesday.The system is impacting communities along the Kimberley coast, and is bringing heavy rain and damaging wind as it moves west-south-west into the Indian Ocean.A warning zone has been established between Kuri Bay to Beagle Bay on the Dampier Peninsula, with a watch zone issued for the Pilbara region.
The Israeli Prime Minister Benjamin Netanyahu says Israel will continue its attacks on Iran and Hezbollah-related targets in Lebanon.The Israeli military has reported what it's called "widescale strikes" on Tehran, claiming to have struck the main security headquarters of Iran's Islamic Revolutionary Guard Corps.It comes as Iran and the US give contradictory statements on prospective talks between each other.The federal government has announced its lowering diesel standards for six months to help suppliers bring more fuel into the domestic market.Energy Minister Chris Bowen says it has lowered what's known as the "flashpoint" for diesel, from 61.5 degrees to 60.5 degrees Celsius.The government says the move will increase diesel supply options from refiners and international sources.Meanwhile Australia Post is more than doubling fuel surcharges for 30,000 of its business customers, but says prices for everyday Australians sending parcels or letters won't change.Australian farmers have expressed disappointment, after Prime Minister Anthony Albanese and European Commission president Ursula von der Leyen announced a trade deal had been struck.The deal is expected to be worth $10-billion to Australia's economy annually.The National Farmers' Federation says it offers "no material change for key agricultural commodities."South Australia's Dairy Farmers Association warns potential increases to imported products could affect local businesses.
Some Alice Springs residents are concerned the US and Israel are using intelligence gathered from the Joint Defence Facility at Pine Gap in strikes on Iran and Lebanon.Defence experts agree its intelligence is probably being used by the US in the war, but disagree over Australia's role.
The federal government says it is considering ways to help its allies protect the Strait of Hormuz from further attacks amid the Middle East conflict.Iran has retaliated to US-Israeli strikes by effectively blocking the strait, a critical passage for the transportation of oil and gas.Australia has signed a joint statement offering to contribute to efforts to protect the strait and the defence minister says discussions about next steps are ongoing.The Prime Minister Anthony Albanese says the signing of a new free trade pact marks a defining moment in the relationship between Australia and the European Union.The deal, which has been finalised after 8 years of negotiations, is expected to be worth $10-billion to Australia's economy annually.Europe and Australia have also approved a defence partnership, that'll provide a framework for the two sides to strengthen cooperation.The education union has told crowds of public teachers in Melbourne that every public primary and secondary school in Victoria is affected by strikes today.Thousands of teachers, principals and support staff, many from outer Melbourne suburbs and regional areas, are demonstrating in the CBD.They're calling for a 35 per cent pay increase over four years and have rejected the state government's offer of 17 per cent.
Prime Minister Anthony Albanese and European Union President Ursula von der Leyen have given the green light to the Australia-EU free trade deal at a joint press conference in Canberra. Australian shares are up higher after US President Donald Trump backed down on his threat to bomb Iran's energy grid and it comes after steep falls on global markets yesterday. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The wild ride on global markets continues today after US President Donald Trump backed down on his latest threats to bomb Iranian civilian infrastructure. The Victorian Education Minister insists all public schools are open today, with hybrid teaching arrangements, despite 30,000 education staff walking off the job. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Australian stocks, like those in America, are set to go higher this morning following what looks like at least a temporary reprieve in a major escalation in the war in the Middle East. About 30,000 public school teachers in Victoria are walking off the job for the first time in 13 years today, over wages and conditions. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The price of oil has dropped overnight after US president Donald Trump backed down on his threat to bomb Iran's power plants. But the key oil and gas shipping passage, the Strait of Hormuz, still remains closed and the price at the bowser continues to be very high for Australians. The war is having far reaching consequences throughout Australia as soaring fuel costs force people to work from home and reconsider their spending.Australian wine producers will likely be able to keep using the word 'prosecco' when selling to the domestic market under a long-awaited trade deal with the European Union. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Global oil prices have fallen and American stocks have bounced back after US President Donald Trump said he was postponing strikes on Iran's power plants for five days. But Iran has rejected the president's claims they have held productive conversations about a complete and total resolution to the conflict.The speaker of Iran's parliament says it is fake news to manipulate the markets. Australia's peak farming body is warning consumers the price of groceries is about to jump as producers and the freight industry grapple with diesel price hikes and supply issues from the war in the Middle East.Australia and the European Union look set to finally sign off on a long-awaited free trade pact after almost a decade of negotiations.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Australians are already changing the way they do things, as the war in the Middle East starts to affect not only prices, but also anxiety levels.
US stocks have surged and oil prices have dropped after US President Donald Trump backed down on his threat to bomb Iran's power plants, if it did not open a key shipping lane. The president says there's been productive talks with Iran, and he's even suggested the regime wants to make a deal to end the war. But Iran's contradicting Donald Trump and says his comments are fake news to manipulate global oil and financial markets.While in Australia, governments and industries are scrambling to deal with the soaring cost of fuel.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
US President Donald Trump claims America has had productive talks with Iran, and it will postpone strikes on its power plants after high stakes threats between the countries.But Iran rejects the president's claims and the speaker of its parliament says no negotiations have taken place, calling Donald Trump's comments fake news to manipulate the financial and oil markets. In other news teachers are going on strikes in Victoria, a major trade pact is expected to be signed off and an ex tropical cyclone moves over to the Kimberley.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The head of the International Energy Agency says Asia is at the forefront of the current oil crisis. Last week Dr Fatih Birol described the current circumstances as "the largest supply disruption in the history of the global oil market".The head of the agency says he feels that decision-makers do not appreciate the depth of the problem.Iran has threatened to attack electrical plants in the Middle East powering American military bases, as US President Donald Trump's deadline on opening the Strait of Hormuz approachesMr Trump has warned that Iranian power plants would be targeted if Tehran failed to "fully open" the Strait of Hormuz to all shipping within 48 hours.Meanwhile, Israel and Iran are continuing to trade strikes, with a wave of attacks reported across Tehran and Tel Aviv.One Nation remains in contention to win additional Lower House seats following South Australia's election, with vote counting continuing today.One Nation has already gained one Lower House seat, compared to four for the Liberals and 32 for Labor.The party is well placed in Hammond, to the east of Adelaide, with One Nation's candidate Robert Roylance polling 27 per cent of the primary vote.There are also close contests in MacKillop and Narungga, with the Liberals and One Nation battling for those seats.
Top US Democrats have been calling for the war on Iran to end, as the conflict threatens to escalate further.U-S President Donald Trump warns he will obliterate Iranian power plants if the Strait of Hormuz is not reopened by tomorrow Australian time, while Iran insists it stands ready to completely shut access to the vital oil shipping route regardless.The Israeli military has meanwhile dampened hopes for a quick end to the conflict, saying it's expected to last several more weeks. Federal energy minister Chris Bowen has provided an update on several Australian states where services stations have run out of fuel.He says 37 out of about 2,400 service stations are without fuel in New South Wales, 37 are out of both diesel and petrol in Queensland, and in Victoria, around 50 stations are out of diesel.The government continues to urge Australians not to panic buy, as the war in the Middle East disrupts the global oil supply chain and send petrol prices surging in many areas.Climate scientists warn that the latest warnings from the United Nations' weather agency reinforce that the impact of climate change is upon us.The World Meteorological Organisation's 2025 state of the global climate report has found last year was one of the hottest on record.It confirms each of the past 11 years has been the warmest ever.
Iran is vowing to strike Gulf infrastructure if the US follows through with a threat to hit its electricity grid tomorrow.US President Donald Trump has issued an ultimatum to Tehran to fully re-open the Strait of Hormuz by tomorrow, or the US will completely destroy Iran's electricity plants.The war on Iran is now in its fourth week - Israel has admitted that it will likely last several more weeks, while Tehran continues to show off its ability to carry out attacks.US Democrats are urging the Trump administration to stop the war, which they say Americans never wanted. Vote-counting is continuing today after Saturday's South Australian election - with independent Geoff Brock now confirmed as the winner of the vast northern seat of Stuart - fighting off a challenge from One Nation candidate Brandon Turton.Eight seats remain in doubt, including three where One Nation is in the lead - Mackillop, Narungga and Hammond.So far Labor has won 32 Lower House seats, compared to four for the Liberals and one for One Nation.Australia's only manganese smelter Liberty Bell Bay in northern Tasmania has appointed voluntary administrators, consulting group EYThe smelter employs more than 200 people and has been in care and maintenance since May.ASIC has recently filed to shut down the smelter after the operators repeatedly failed to submit their annual financial documents.
The Australian share market has fallen sharply, with mining stocks hit hard, as the war in the Middle East enters a critical phase. Tomorrow the world will find out if US president Donald Trump follows through on his threat to destroy Iran's power plants, if it doesn't re-open the crucial oil and gas shipping passage the Strait of Hormuz. One Nation's result in the South Australian election is being seen as a warning to the major parties ahead of the next federal vote.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
As the effects of the war in the Middle east continue to reverberate across the globe, are we seeing a return to COVID-era supply and price shocks in Australia?
Australian stocks have fallen sharply over the prospect of a massive escalation in the Middle East war as both the US and Iran threaten to hit critical civilian infrastructure. In Australia, the transport industry is warning it is pretty close to disaster due to the soaring cost of fuel. The rise of One Nation is being described as a political earthquake in South Australia after months of the far right populist party surging in the polls. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The war in the Middle East has reached a critical point that could determine if it becomes a long-lasting conflict with enormous global ramifications. The prospect of tit for tat strikes on civilian infrastructure threatens the livelihoods of millions of people in the region who rely heavily on desalination plants for water.In Australia, soaring petrol prices are having far reaching impacts for many sectors especially farming, construction and freight. Controversial radio shock jock Kyle Sandilands has launched legal proceedings against KIIS FM owner ARN Media over its cancellation of his $100 million contract.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The building industry in Australia is sounding the alarm bell over soaring fuel costs due to the war in the Middle East, while warning of covid-like disruptions. Ex tropical cyclone Narelle is continuing its path across Australia's north causing havoc in communities that have already been hit hard by flooding in the past month. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Iran has issued a grave threat against much of the Middle East, if US President Donald Trump follows through on his ultimatum to "obliterate" Iranian power plants if the country refuses to fully reopen the Strait of Hormuz to international shipping.Residents in the Northern Territory regional hub of Katherine are waiting nervously as river levels rise from ex tropical cyclone Narelle. This latest weather system is hitting the region while the town and surrounding communities recover from the worst flooding in decades. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Experts are warning 'crunch time' for Australia's fuel supplies is fast approaching as oil shortages begin to hit Asian refineries.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
As the Middle East war continues to cause serious pain at the bowser calls are emerging to protect local trucking businesses.Meanwhile Iran is warning of retaliatory attacks on regional infrastructure if US President Donald Trump follows through on an ultimatum over the Strait of Hormuz.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
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