Thank you for reading the Financial Review’s Need to Know blog. Here are some of the top stories of the day.
- Trump says he feels bad for UK royals over Epstein scandal: US President Donald Trump says he feels “badly” for the British royal family after King Charles stripped his brother Andrew of his title as prince amid mounting pressure over Andrew’s ties to convicted sex offender Jeffrey Epstein.
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PM downplays rate cut disappointment: Prime Minister Anthony Albanese has brushed off criticisms about Labor’s economic management from the opposition after last week’s underlying inflation increase to 3 per cent in the year to September killed hopes of a second rate cut before Christmas.
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Senators express shock over Optus inquiry revelations: Senators emerged from several feisty exchanges during the inquiry, saying they had been astounded by the revelations about Optus’ failures in the hours after the outage.
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Ley still hopeful of reconciling net zero positions: Coalition leader Sussan Ley has attempted to emphasise the maturity of the Liberal and National parties ahead of revealing her party’s position on net zero and joint discussions, following the Nationals’ decision to ditch the commitment on the weekend.
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Optus boss shifts blame to Nokia at Senate inquiry: Optus chief executive Stephen Rue has partially blamed Nokia for the handling of the company’s September 18 Triple Zero outage, telling Monday’s Senate hearing that some “personnel failings” were within the Finnish telco company.
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Littleproud rejects Coalition split over net zero: Nationals leader David Littleproud has downplayed the risk of a Coalition split over potentially irreconcilable differences on net zero policy after the party withdrew support for the position on the weekend.
