What’s making news this morning
Hello and welcome back to our live coverage of national news for this Thursday, October 1. Here’s what is making headlines today.
- Treasurer Jim Chalmers said this week’s inflation increase was lower than expected after figures released yesterday showed inflation in August had jumped to a four-month-high. The jump signals tougher times ahead for mortgage holders, increasing the chance of another interest rate hike later this year.
- The Greens elected David Shoebridge as their new leader yesterday, with Victorian senator Steph Hodgins-May as deputy. During a press conference, Shoebridge told reporters he wanted to bring about a return of hope to politics, and Hodgins-May vowed the new leadership team would “play hardball” with the Labor Party.
- As of today, card payment surcharges – the small amounts consumers are charged on debit, prepaid and credit cards – will be scrapped under Reserve Bank reforms.
- And abroad, a commercial aircraft flying from Dubai to Tel Aviv made an emergency landing in Saudi Arabia after issuing an alert that sparked fears of a disaster when one of the two pilots stabbed the other in an apparent attempt to crash the plane. Israeli Benjamin Netanyahu said the evidence suggested crew members and passengers prevented a disaster by entering the cockpit and stopping the attacker.
Credit and debit card surcharges scrapped from today
Credit and debit card surcharges will be scrapped as of today, in a move the government says will take pressure off consumers and businesses and help with the cost of living.
As the ban comes into effect across businesses today, consumers will be able to use their credit and debit cards without these added surcharges.
The Reserve Bank estimates the change will save consumers $1.6 billion a year.
But experts have warned the reforms could see many customers paying more for their credit card while getting less value and fewer rewards in return.
You can find out more about what the reforms mean for you here.
Pilot arrested after midair ‘stabbing and crash attempt’
London: A commercial aircraft flying from Dubai to Tel Aviv made an emergency landing in Saudi Arabia after issuing an alert that sparked fears of a disaster when one of the two pilots stabbed the other in an apparent attempt to crash the plane.
Israeli Prime Minister Benjamin Netanyahu said the evidence suggested that crew members and passengers prevented a disaster by entering the cockpit and stopping the attacker, in an “extremely serious” security incident.
The midair crisis began when flydubai Flight FZ1073, carrying more than 170 people, suddenly lost altitude and issued an emergency alert more than two hours into its journey, leading the Israeli government to scramble fighter jets in response.
Netanyahu made his televised remarks on Wednesday afternoon in Israel (shortly after 11.30pm AEST) in the first official statement on the attacks by the Israeli government after hours of speculation about whether the incident was a hijacking, an altercation between pilots or a brutal attempt to kill all on board.
What’s making news this morning
Hello and welcome back to our live coverage of national news for this Thursday, October 1. Here’s what is making headlines today.
- Treasurer Jim Chalmers said this week’s inflation increase was lower than expected after figures released yesterday showed inflation in August had jumped to a four-month-high. The jump signals tougher times ahead for mortgage holders, increasing the chance of another interest rate hike later this year.
- The Greens elected David Shoebridge as their new leader yesterday, with Victorian senator Steph Hodgins-May as deputy. During a press conference, Shoebridge told reporters he wanted to bring about a return of hope to politics, and Hodgins-May vowed the new leadership team would “play hardball” with the Labor Party.
- As of today, card payment surcharges – the small amounts consumers are charged on debit, prepaid and credit cards – will be scrapped under Reserve Bank reforms.
- And abroad, a commercial aircraft flying from Dubai to Tel Aviv made an emergency landing in Saudi Arabia after issuing an alert that sparked fears of a disaster when one of the two pilots stabbed the other in an apparent attempt to crash the plane. Israeli Benjamin Netanyahu said the evidence suggested crew members and passengers prevented a disaster by entering the cockpit and stopping the attacker.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: www.smh.com.au
