Follow the day’s news live Get our breaking news email , free app or daily news podcast The assistant treasurer, Daniel Mulino , has defended his government’s reaction to inflation, telling ABC Radio National: We’re not blaming foreign situations and leaving it at that. I think it’s important context to acknowledge that there are inflationary impulses coming internationally. What we saw in the figures released earlier this week is that the conflict in Iran is lasting longer and is more severe than had been forecast, and that means that global energy prices are higher than had been expected a few months ago. We’re seeing higher inflation than expected right across the advanced economy world. Continue reading...
Politics live: Chalmers calls social media a ‘business model for hate’; half of young Australians say US a ‘threat’

Original reporting
The Guardian: read the full reportRelated stories

Flávio Bolsonaro lands in Miami after defeat in Brazil's presidential election
Far-right senator and his family boarded private plane to Ecuador after crossing border to Argentina, Argentina’s government confirms The far-right senator Flávio Bolsonaro has reportedly fled Brazil and is on his way to the United States after losing Sunday’s presidential election to the leftwing incumbent, Luiz Inácio Lula da Silva, who called the act “shameful”. A report by the news website Metrópoles , citing people close to the politician’s family, said he was en route to the US. “The plane is in flight,” Metrópoles reported, without making clear where it had departed from. Continue reading...

Israel's election deadlock is a sign of the country's deep divisions
The election was a celebration of democracy in some ways - but it has left Israel with no clear path to a new government, writes James Landale.
Deadlock in Israeli elections means weeks of political jockeying
With no clear winner in Israeli elections, the opposition has to decide if it allies with Arab parties.
What’s next for Brazil’s Flavio Bolsonaro after election defeat?
The far-right ally of US President Donald Trump has fled to Miami with his wife and children.

Death toll rises to 68 with dozens injured after high-speed train collision in Spain – latest updates
Pedro Sánchez says the government will act with urgency to ‘clarify what has happened, why this tragedy occurred’ Full report from Spain At least 30 people are believed to have died after two high-speed trains collided in the province of Toledo in Spain, with concerns the death toll could be much higher. The number of people affected is expected to rise ( 10:46 ) , local authorities said, with growing concerns about a “major tragedy” ( 11:03 ). The affected trains are understood to be Iryo 7076 with 146 passengers plus one baby on board, and AVE 2080 with 397 passengers on board, making it 544 people in total on board of both train ( 11:00 ). The incident comes less than a year after a similar crash in Adamuz, the province of Córdoba, which killed 46 and injured 152 in January this year ( 11:00 ). Spain’s high-speed railway network ranks as the largest in Europe and the second biggest in

Netanyahu's bloc leading Israel election but short of majority, partial results show
Prime Minister Benjamin Netanyahu's right-wing bloc was leading opposition rival Gadi Eisenkot. Arab parties had a strong showing, and a key question now is whether Eisenkot's bloc will consider forming a coalition with them.