AGP Executive Report
Last update: 27 minutes agoEconomy Watch: Australia’s GDP grew 0.4% in the June quarter and 2.1% over the year, with EV demand helping lift growth even as households stayed cautious amid the Middle East war—raising fresh rate-hike pressure. Markets & Rates: A global bond selloff deepened as oil prices jumped on US-Iran tensions, pushing Australian 10-year yields to 5.2% and dragging the ASX lower, with resources holding up better than rate-sensitive stocks. Pacific Security: The US and Australia pledged US$580m for Pacific Islands priorities, including Australia’s A$600m push against drug smuggling and US support for energy resilience. Climate Warning: A UN report says global heating will reach at least 1.8C, with “no good outcomes” above 1.5C, urging rapid emissions cuts and carbon removal. Green Industry: Element Zero won up to $26m from ARENA to scale its green iron tech in WA, aiming for tonne-scale production. Travel Links: Qantas will double Brisbane–Koror flights to Palau, boosting the tourism recovery. Humanitarian Update: Search continues for six South Africans missing after Nepal-Tibet floods. Sport (Australia): Opals face a changing guard at the FIBA Women’s World Cup with key players sidelined.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.