Here is a look at what is making news around the country today.
Today’s national news includes Prime Minister Anthony Albanese describing domestic violence as a national crisis, Australia boosting Ukraine’s military aid package to $65 million, Australia ‘paying the price’ for the Labor government’s budgetary inaction, and the Australian Securities Exchange greenlighting the first spot Bitcoin exchange-traded funds for the main board by the end of 2024.
Politics
Australia boosts Ukraine’s military aid package to $65 million
Australia, one of Ukraine’s largest non-NATO donors, has announced a military aid package worth around $65 million to support Kyiv’s war effort following Russia’s invasion, Voice of America has reported. The package includes funding for drones, short-range air defence systems, inflatable boats and generators, and equipment like helmets, masks and boots. The additional funding was announced by Australia’s deputy prime minister, Richard Marles, during a brief visit over the weekend to Ukraine.
https://www.voanews.com/a/australia-boosts-military-aid-to-ukraine-/7588968.html
Domestic violence is a ‘crisis’—PM Albanese
Prime Minister Anthony Albanese describes domestic violence as a national crisis, Deutsche Welle reports. “A national crisis demands a national response. That’s why I’m bringing together the National Cabinet on Wednesday morning to take action on violence against women,” Mr Albanese said. According to reports, 27 women have died in Australia so far this year allegedly due to acts of gender-based violence. “The fact that … a woman dies every four days on average at the hands of a partner is just a national crisis,” he said.
https://www.dw.com/en/australia-pm-albanese-says-domestic-violence-is-a-crisis/a-68943809
Finance
Spot Bitcoin ETFs to be launched by year-end
The Australian Securities Exchange will greenlight the first spot Bitcoin exchange-traded funds (ETFs) on the main board by 2024, following previous approvals of such financial products in the U.S. and Hong Kong, Crypto.news has reported. At least several issuers are already working on launching their products on the ASX, including BetaShares, VanEck, and DigitalX. However, a specific timeline for approving spot crypto ETFs is yet to be clarified. A spokesperson for ASX said the exchange is still engaged with multiple issuers on the matter.
Australia to launch spot Bitcoin ETFs by end of 2024: Bloomberg
Australia is ‘paying the price’ for the Labor government’s budgetary inaction
Liberal MP Aaron Violi says Australia is “paying the price” for two years of inaction by the Albanese government, Sky News reports. This comes amid discussions of the upcoming budget and criticism of the current government’s policies. “They weren’t prepared to make the hard decisions in their first two budgets,” Mr Violi told Sky News Australia. “Now we are in this tricky position where inflation is entrenched at 3.6 per cent. “They are a dollar short and they are a day late on all the economic challenges that the Australian people face.”
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