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Western Australia's Premier Roger Cook has declared a clear mandate for Labor's plans for the state after the party secured a third consecutive landslide victory in the state election. Despite a statewide swing against Labor of more than 18%, the party retained its overwhelming majority in the lower house, with Cook attributing this success to Labor's strong track record and their commitment to keeping Western Australia's econ...

The Whyalla steelworks, facing financial difficulties and safety concerns, has been placed under administration with a $2.4 billion government funding package to stabilize the plant and facilitate a sale. The administrators are investigating potential insolvency issues and seeking a buyer for the troubled steelworks.

Prime Minister Anthony Albanese has announced a $3 billion investment to upgrade the National Broadband Network (NBN), aiming to fulfill Kevin Rudd's original vision of faster speeds and equitable access for all Australians. This move comes as the NBN faces criticism from the Coalition, who argue it's a waste of money due to declining customer base and financial losses.

Labor's fate in the upcoming election hinges on the Reserve Bank's interest rate decision, as rising interest rates and rents have disproportionately impacted electorates with high mortgage rates, many of which are held by Labor. The party is particularly concerned about the impact on its traditionally safe seats in outer-suburban Melbourne and Perth.

The Reserve Bank's recent cash rate cut has led to lower home loan rates for borrowers, but savers are earning less interest on their money as banks have been slower to pass on the cut to savings rates. While some banks have reduced base savings rates, others have decreased bonus rates, resulting in a mixed impact on savers.