Australia news live: Qantas faces inquiry over use of airport slots; Chalmers warns ‘nobody wins from a trade war’
Key events
Welcome
Good morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories before I hand the news baton to Emily Wind.
Amid the swirl of concern about Donald Trump pressing reset on global economic norms, Jim Chalmers has warned that de-coupling from major trading partners presents a great risk to Australia’s economy. “Nobody wins from a trade war, but we have more at stake than most,” the treasurer said in a speech last night. Full details coming up.
Three in five Australian renters expect to never own their own home, research from the Australian Housing and Urban Research Institute has found, describing it as a significant shift that requires rethinking of tax and housing systems. Meanwhile the principal of a branch of one of Australia’s largest real estate companies has admitted using Chat GPT to generate property listings after a rental home was advertised as being close to two “excellent” schools that didn’t exist.
Charlotte Wood, the Australian author of Stone Yard Devotional, has been shortlisted for the Booker prize but is an outside bet against favourites Percival Everett and Samantha Harvey. Full details coming up.
And Qantas is up before a Senate inquiry today, ahead of proposed laws that look to make sure precious flight slots at Australia’s busiest airport are not being misused to suppress competition. More on that too, soon.
