Key Points
- National Climate Risk Assessment shows $4.2 trillion wealth could be lost by 2090
- Jacinta Allan in China to launch Victoria’s China strategy
- Indian players refuse to shake Pakistan team’s hands after Asia Cup win
Australia could be hit by a $4.2 trillion cumulative wealth loss by the end of the century due to climate change, and over $600 billion could be wiped from the property market, according to the long-waited national climate risk assessment.
The report also found coastal hazards driven by climate change could put three million people at risk by 2090, if Australia warms by 3 degrees.
Climate Change Minister Chris Bowen says the report shows Australians will face increasingly difficulty in having their homes insured.
"The report makes it clear that insurances will become increasingly a challenge, both in terms of affordability and availability, and that will have following effects on the economy, I don't think that's a great surprise or secret, already in parts of Australia, the insurance market is already a challenge. Look, I think it's important to say that I think many Australians will find this report confronting, I don't think many Australians will be particularly surprised that climate change will have an impact on Australia."
In a statement, the Greens Spokesperson for Climate Adaptation, Mehreen Faruqi, urged Labor to set a strong climate target.
Senator Faruqi also criticised the government for approving the Northwest Shelf project, despite learning the facts of climate risk from the report.
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Marduthenera custodian, Raelene Cooper, says she will consider a legal challenge against the government's decision to approve the extension of Woodside's Northwest Shelf.
She calls the move by federal environment minister Murray Watt last Friday "absolutely disgraceful and appalling".
Ms Cooper has been fighting to protect the World Heritage-listed rock art in northern Western Australia near Woodside's gas project, including lodging an application in 2022 that raised concerns about the Northwest Shelf project and its impact.
Ms Cooper says the government's approval of Woodside's project is a betrayal to Aboriginal people.
"Myself, my team, my legal team are looking more into this, we have already noticed it and identified that there are quite a lot of issues in regard to the Northwest Shelf, some pretty damning issues. So, be expecting more than just some words. We are looking at, right now, I'm going to make a statement to it, legal challenge to the Northwest Shelf, because there's a lot to challenge."
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ANZ bank chair Paul O'Sullivan has apologised for the bank's misconduct, after it was given a $240 million penalty.
The Australian Securities and Investments Commission's [[ASIC]] chair Joe Longo says the A-N-Z bank has again "betrayed the trust of Australians", after the bank admitted to misconduct over many years, including failing to refund fees charged to dead customers.
The bank has also been found to have made false and misleading statements about its savings interest rates, incorrectly reporting its bond trading data to the federal government and failing to respond to hundreds of customer hardship notices.
ASIC's deputy chair, Sarah Court, says ANZ hasn't learned its lesson from the Banking Royal Commission in 2017, which found ANZ and other banks committed misconduct.
"It's now more than five years since the banking royal commission, but disappointingly, here we are, yet again, with not one but four more examples of how ANZ has fallen short. This pattern of misconduct from ANZ stretches back beyond the Royal Commission and over nearly a decade."
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Victoria's Premier Jacinta Allan has left for China, where she will be launching the state's China strategy, which will guide its engagement with China for the next five years.
In a statement, she says she hope the strategy can make Victoria the first port of call for Chinese businesses to innovate and invest, and the destination of choice for Chinese people to visit and study.
The Premier's visit comes weeks after her predecessor Daniel Andrews 's controversial attendence at Beijing's military parade, alongside the Russian and North Korean leaders.
Victorian Opposition leader, Brad Battin, wouldn't comment on whether the two visits are linked, but says Victoria needs multiple partnerships and markets.
"One of the things I do know is Victoria is struggling to get investment from anyone in the world at the moment. We know that people want to invest in Australia, but they've got a little black spot around Victoria, because they don't trust the government here, so Jacinta Allan I think needs to go to more than China, she needs to be going to all other nations we deal with, India, Indonesia, we deal with countries in Europe, we got developers who want to come here and work and develop and fix the housing crisis."
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15 year-old Owen Cooper has become the youngest ever winner of an Emmy Award for Best Supporting Actor in a Limited or Anthology Series or Movie.
The young actor won for his role in Adolescence, a British Drama series.
"If you're listening, you focus and you just step out of your comfort zone a little bit. Who cares if you get embarrassed, anything can be possible. A big thanks to my parents, to my Mum, my Dad, my family - the ones who love me and ones who I love."
The hit Netflix crime series scored big at the awards, with Adolescence costars, Stephen Graham and Erin Docherty, respectively winning Best Actor and Best Supporting Actress in a Limited or Anthology Series.
The Best Actress in a Drama series award went to Britt Lower, for her role in the scifi Apple TV series, Severence, with Noah Whyle taking Best Actor in a Drama Series for medical drama, the Pitt.
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To sport and in cricket, diplomatic tensions have spilled onto the sporting field, after India beat Pakistan by seven wickets in the Asia Cup.
The T-20 match was the first time the neighbors had played eachother since a military conflict in May - and Pakistan has complained to the match referee about its rivals' lack of sportsmanship.
India's players left the field without shaking hands with their rivals, with the team's captain defending the move as 'aligned with the government' and the nation's cricket body.
India resisted calls to boycott the T20 match between the nations, who have not played in any bilateral Test series since deadly attacks in Mumbai in 2008 were blamed on Pakistan militants.
The hostilities in May this year left more than 70 people dead in missile, drone and artillery exchanges, before a ceasefire.
