Politics live: Tony Burke to give statement about Iranian footballers; EU to sign defence partnership with Australia | Australia news
Tony Burke will speak in Brisbane
Donald TrumpAustralia’s dramatic announcement that it would grant asylum to five Iranian women football players was the big news of the night.
Trump said he met Anthony Alban He told her the news, but added that the other members of the team felt they had to return home.
we are waiting Tony BurkeThe home affairs minister will make a statement on women in Brisbane shortly, which we hope will clarify the situation.
In the meantime, here is our news:
important events
Economists warn ‘significant risk’ of RBA rate hike next week
Luca Ittimani
Economists have warned that rising oil prices increase the risk that the Central Bank will raise interest rates within a week.
Investors are attaching great importance to the interest rate hike after oil prices rose to $115 per barrel on Monday. Markets now expect rates to remain high for longer; One indicator is that Australia’s three-year bond yields have risen to a new record high over the past decade.
The next increase could come in March due to an inflationary rise in oil prices and recent data showing the economy is warming up, UBS economists said on Monday. They wrote in a note that the RBA was more likely to wait until May, but:
The data and currently high energy prices mean there is still a significant risk of an earlier surge.
The interest rate determination board will make its decision next Tuesday, March 17. Fears of a rate hike have increased since the RBA governor’s speech. Michele BullockHe said last Tuesday that every meeting was “lively.” His words showed that the bank was ready to raise interest rates again. Warren HoganJudo Bank’s economic advisor told Guardian Australia:
The tone of voice had changed radically… The reaction of oil prices [and] The risk this posed to their thinking was quite serious.
But NAB’s chief economist said Sally AuldHe said it was “too early” for the RBA to know whether a rate hike was needed, so markets had “overpriced” a March rate hike. Auld stated that in a worst-case scenario, the RBA may be forced to reduce interest rates, pointing to the possibility of a global recession caused by prolonged conflict and high oil prices.
Shadow defense minister says Australia should ‘consider’ Gulf states’ requests for military aid
Caitlin Cassidy
shadow defense minister James PattersonHe says joining the ongoing war in the Middle East “must meet an incredibly high bar” but Australia must “consider” requests for military assistance from Gulf states.
The cabinet’s national security committee met yesterday to consider demands that Australia provide aid to countries worst affected by Tehran’s missile attack sparked by bombings ordered by the US president and Israel. Patterson, who attended ABC’s 7.30 program last night, said he wanted to get information about the meeting.
He said Australia “must take into account” the Gulf states’ request but also ensure it did not interfere with national interests.
Australia’s core national interest is being decided in the Indo-Pacific… It seems… [is] A friendly nation of Australia, perhaps a Gulf state that was subjected to indiscriminate rocket attacks from Iran… asked us for help.
I think we should consider this request, but we need to carefully consider whether we have the capacity to contribute and whether this will in no way harm our own national interests.
Patterson also called for defense spending to be increased to 2% of GDP by the former Coalition government. US president, Donald TrumpIt has forced Australia to increase its spending to 3.5 per cent, but it has so far resisted.
Tony Burke will speak in Brisbane
Donald TrumpAustralia’s dramatic announcement that it would grant asylum to five Iranian women football players was the big news of the night.
Trump said he met Anthony Alban He told her the news, but added that the other members of the team felt they had to return home.
we are waiting Tony BurkeThe home affairs minister will make a statement on women in Brisbane shortly, which we hope will clarify the situation.
In the meantime, here is our news:
Kallas says EU will sign defense partnerships with Australia and others
Reuters European Union will sign defense partnerships with Australia, Iceland and Ghana in coming days, EU foreign policy chief says kaja Kallas He says Monday.
“There are many interested countries knocking on our door,” Kallas said in his speech in Brussels.
In the words of the EU chief, you can read more about the EU’s shift towards: Ursula von der Leyen“a more realistic and interest-oriented foreign policy” is here:
Welcome
Good morning and welcome to our live news blog. I Martin Farrerwith the most talked about night stories before Krishani Dhanji undertakes the run.
Donald Trump’s dramatic announcement that Australia would grant asylum to five Iranian women football players was the big news of the night. We will learn the latest developments shortly.
The ASX share market is expected to open a further 0.5% lower this morning, following an overnight decline in European and US shares due to the ongoing war in the Middle East and rising oil prices.
More is coming, including the threat of higher interest rates.
