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The Latest Breaking News from Jim Chalmers

Afternoon Update: RBA rate hike; Kirstie Alley dies; and a heatwave for northern Australia

Central bank warns of more rises to come after raising cash rate to 3.1%

The Guardian - AU

Treasurer capitalises on top credit rating

Australia has maintained its AAA credit rating by Fitch Ratings, which noted the government's decision to show spending restraint in it's first budget.

AAP

Chalmers hopeful of Russian oil cap impact

The G7 and Australia have agreed to a $US60 a barrel cap on Russian oil, following the European Union's decision on the same move.

AAP

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Australia to become 'more assertive' on foreign investment in critical minerals

Top lithium supplier Australia is set to become more selective about who it lets invest in its growing critical minerals industry, Treasurer Jim Chalmers said on Friday.

Reuters

Labor backs critical minerals mining boom

The treasurer says foreign investment and bolstering local manufacturing will be central to a refreshed critical minerals strategy.

AAP

Nude activists target fast fashion in Melbourne CBD – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: Albanese’s emissions tightrope, Christmas air fares soar, Baker Boy scoops Arias

In today’s newsletter: how Labor fought a fierce pre-election battle over climate policy; air fares sky-rocketing ahead of festive getaway; Yolŋu rapper cleans up at the Arias

The Guardian - AU

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Treasurer hosts housing investor meeting

Treasurer Jim Chalmers will meet with private sector representatives on Friday for a roundtable on housing investments.

AAP

Review panel pledges to revitalise RBA

An independent panel set up to examine the Reserve Bank of Australia says it will make recommendations to "revitalise" the central bank.

AAP

Global shocks likely to drive more frequent interest rate changes, RBA says

Central banks will need to adjust rates more often to respond to unpredictable levels of inflation, Philip Lowe says

The Guardian - AU

'Electric car discount' to pass parliament, taking thousands off the cost of popular low emissions cars

Crossbench senators have agreed to support a deal that will make some electric vehicles cheaper, and end tax benefits for plug-in hybrids from 2025.

ABC News

Labor eyes energy price fix by year's end

The treasurer is meeting with manufacturers and other businesses to discuss possible solutions to soaring energy prices.

AAP

Chalmers backs his budget on inflation

Without spending restraint, Treasury analysis implies Australian households would be facing a double whammy of higher repayments and higher inflation in 2023.

AAP

Super funds should use their substantial holdings for public good

Last month Federal Treasurer Jim Chalmers unveiled the National Housing Accord, intended to build a million new homes in Australia. Part of the plan is to encourage superannuation funds to invest in social and affordable housing.

The Conversation

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Reuters

Australia, China leaders looking to stabilise ties at meeting on Tuesday

Australia will be looking to stabilise its relationship with China but does not expect a swift resolution to differences between the trade partners when Prime Minister Anthony Albanese meets with President Xi Jinping on Tuesday.

The Conversation

To start cutting gas and electricity prices, here's what the government looks likely to deliver by Christmas

Treasurer Jim Chalmers says he’ll have a system in place to deal with rising energy prices by Christmas.

The New Daily

Anthony Albanese to hold ‘really important’ G20 meeting with Xi Jinping

Treasurer Jim Chalmers said a G20 meeting between Xi Jinping and Anthony Albanese won't fix everything, but is still an important step.

AAP

Albanese and China's Xi meet in Bali

Prime Minister Anthony Albanese has met with Chinese President Xi Jinping in a significant diplomatic breakthrough at the G20 summit.

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The Guardian - AU

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

ABC News

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

WA's iron ore miners are ramping up production with new mines, but with the commodity price falling, is it worth it?

The New Daily

Paul Bongiorno: Standing up to the bullies sets a welcome precedent on workplace relations

When it comes to strident political hyperbole, few can match the Liberals’ workplace relations shadow minister Michaelia Cash.

The Conversation

Leading economists back federal government action to curb rising gas and electricity prices

Australia’s top economists have overwhelmingly endorsed intervention to restrain gas and electricity prices, with only three of the 47 leading economists surveyed believing the best thing the government can do is to leave things to the market.

The Guardian - AU

Morning Mail: Imran Khan wounded in ‘assassination attempt’, cybercrime threat, Chalmers’s energy pledge

In today’s newsletter: former Pakistan PM survives attack by gunman; signals directorate warns of risk of increased hacking; cost of prison system soars as more women jailed

ABC News

Treasurer Jim Chalmers plays down recession fears on Q+A as energy costs and inflation continue to rise

Treasurer Jim Chalmers tells ABC's Q+A that he intends to tackle the rising cost of power prices by Christmas as he defends the budget and plays down the fears of Australians about a recession.

The Conversation

Grattan on Friday: Anthony Albanese won't be at COP27 but energy will be on his mind

Anthony Albanese leaves late next week for another round of international diplomacy, starting with the East Asia Summit in Cambodia, followed by the G20 in Indonesia, and APEC in Thailand.

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