Daily brief
The European Union and Australia have signed a landmark free trade agreement, concluding eight years of negotiations. The deal is valued at around $10 billion and covers areas like agriculture, with compromises reached on the use of certain product names. European Commission President Ursula von der Leyen and Australian officials finalized the agreement, which is seen as a move to strengthen economic ties during a period of global uncertainty.
More than 100 petrol stations have run out of fuel across the state of Victoria, according to the energy minister.
Jetstar is reducing flights between New Zealand and Australia due to rising jet fuel prices.
Governments have announced a $2 billion bailout package for the Boyne aluminium smelter.
Australia's emergency fuel plan reportedly starts with carpooling incentives and could escalate to fuel price caps.