Politics live: Chalmers calls social media a ‘business model for hate’; half of young Australians say US a ‘threat’

Follow the day’s news live Get our breaking news email, free app or daily news podcast Australia must navigate global factors in battle against inflation, Mulino says Higher-than-expected inflation figures and an increasingly likely rate rise is continuing to dominate the news cycle. What we saw in the figures released earlier this week is that the conflict in Iran is lasting longer and is more severe than had been forecast, and that means that global energy prices are higher than had been expected a few months ago. We’re seeing higher inflation than expected right across the advanced economy world. Continue reading...