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Severe Tropical Cyclone Narelle Reaches Category 5
The Bureau of Meteorology advises Severe Tropical Cyclone Narelle is at Category 5 intensity and is forecast to cross the Far North Queensland coast between Lockhart River and Cape Melville on Friday morning, with severe impacts expected across Cape York Peninsula and…
RBA Raises Cash Rate to 4.10 Per Cent
The Reserve Bank of Australia increased the cash rate target by 0.25 percentage points to 4.10 per cent at its March 2026 monetary policy meeting. The decision reflects persistent inflation remaining above the 2–3 per cent target range.
Severe Tropical Cyclone Narelle Forecast to Impact Far North Queensland Coast
The Bureau of Meteorology advises Severe Tropical Cyclone Narelle (Category 3) is intensifying in the Coral Sea and is forecast to cross the Far North Queensland coast between Lockhart River and Port Douglas late Thursday or Friday. Destructive wind gusts exceeding…
Australia Formula 1 Grand Prix
Mercedes opened the 2026 Formula One season with a dominant one-two finish at the Australian Grand Prix, with George Russell converting pole position into victory ahead of teammate Kimi Antonelli. Ferrari initially challenged for the lead through Charles Leclerc…
◆ ASX 200 – Weekly Close
The ASX 200 closed the week down -3.78%, making YTD gains since Jan 1 up +1.41%, at 8851.00 it is currently trading +0.42% above its six-month end of week rolling average.
RBA Backs Regulatory Framework for Cash Distribution System
The Payments System Board of the Reserve Bank of Australia has expressed support for a proposed regulatory framework for Australia’s cash distribution sector. The framework would include public-sector crisis powers to maintain continuity of cash services. The Board…
Severe Weather Warning for Heavy Rain and Flash Flooding in Far North Queensland
The Bureau of Meteorology has issued a severe weather warning for parts of the North Tropical Coast, Tablelands and Peninsula districts, with heavy rainfall that may lead to flash flooding as Tropical Low 29U approaches the Queensland coast. Six-hour rainfall totals…
Household Spending Rises 0.3% in January Driven by Services
The Australian Bureau of Statistics reported household spending rose 0.3% in January 2026, following a decline in December. The increase was driven by services spending, which rose 1.0%, while spending on goods fell 0.3%.
ENVIRONMENT
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ECONOMY
Annual CPI inflation steady at 3.8% in January 2026
According to the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose 3.8% in the 12 months to January 2026, unchanged from the December 2025 reading, with Housing costs up 6.8% and Food and non‑alcoholic beverages up 3.1% as leading contributors to…
Commonwealth Bank Cuts 300 Jobs Amid $90m AI Workforce Investment
Commonwealth Bank of Australia has confirmed approximately 300 roles will be made redundant across its Australian operations while committing $90 million over three years to upskill staff and expand artificial intelligence capability. The bank says the job reductions…
◆ ASX 200 – Weekly Close
The ASX 200 closed the week up +1.84%, lifting YTD gains since Jan 1 to +4.05%, at 9,081.40 it is currently trading +3.30% above its six-month end of week rolling average.
ABS reports unemployment rate remains at 4.1 per cent in January 2026
The Australian Bureau of Statistics released Labour Force, Australia, January 2026, showing the seasonally adjusted unemployment rate remained at 4.1 per cent with employment rising by 18,000 and full-time employment up by 50,000.
NATIONAL
Australia and Indonesia Sign Landmark Security Treaty
The Australian and Indonesian governments signed the Australia–Indonesia Treaty on Common Security on 6 February 2026 in Jakarta, establishing a framework for ongoing bilateral cooperation on defence and regional security matters. The agreement is intended to enhance…
Federal Government Launches “Once-in-a-Generation” Defence Estate Reform
The Federal Government has confirmed the divestment of 64 Defence sites and partial sale of three others, including HMAS Penguin and RAAF Williams, with funds redirected to strengthen northern and western bases in line with shifting strategic priorities.
Census 2026 Recruitment Opens for 2,700+ Field Managers Nationwide
The Australian Bureau of Statistics has officially launched recruitment for more than 2,700 Field Managers across Australia, marking the first major operational milestone for the 2026 Census.
Nine Entertainment sells radio network to Arthur Loundy
Nine Entertainment has agreed to sell its radio assets to Arthur Loundy’s family office in a A$56 million deal, marking a major shift in Australia’s media ownership landscape.
HEALTH
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WORLD
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SPORT
Perth Scorchers Claim Record Sixth BBL Title at Packed Optus Stadium
The Perth Scorchers have secured their sixth Big Bash League championship with a dominant six-wicket victory over the Sydney Sixers in front of a record home crowd.
Scotty James wins men’s X Games halfpipe gold in Aspen
Snowboarder Scotty James claimed the men’s halfpipe title at X Games Aspen 2026, securing his fifth straight gold and eighth overall.
Sydney Sixers Secure Grand Final Berth After Dominant Win Over Hurricanes
The Sydney Sixers have advanced to the BBL Grand Final following a convincing 58-run victory over the Hobart Hurricanes at the SCG.
Aus Open Tennis
Alex de Minaur def France Tiafoe USA in 4 sets to progress to the next round.