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As it happened: Inflation jumps to 3.2 per cent, chances of rate cut slimming; Israeli airstrikes on Gaza kill 60, including children; Trump, Albanese arrive in South Korea

Alexander Darling and Emily Kaine
Updated ,first published
Pinned post from 6.01pm on Oct 29, 2025
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What we covered today

By Alexander Darling
  • Australia’s share market has fallen to its lowest level in two weeks after a surprise inflation spike dampened hopes of further interest rate cuts this year. The consumer price index rose 1.3 per cent in the September 2025 quarter and 3.2 per cent annually, according to the Australian Bureau of Statistics.
  • In Queensland, the fallout continues after the nine schools in Queensland taught the wrong topic for students sitting their final exams this week.
  • In New South Wales, all public hospitals will urgently audit the security of medical gases, as authorities investigate the death of a 72-year-old man at a Sydney hospital about an hour after a woman allegedly switched off the facility’s supplies in an act of sabotage.
  • In Victoria, this masthead has revealed there have been more than 700 reports of alleged child abuse in the childcare sector over the past financial year, including claims of physical and sexual abuse and neglect.
  • Overseas, Hurricane Melissa is now churning toward Cuba’s second-largest city with the force of a powerful category 4 storm, hours after making landfall in Jamaica (see below).
  • US President Donald Trump has defended Israel’s strikes against members of Hamas in Gaza today despite the ceasefire, and says he thinks the peace deal he brokered earlier this month will hold despite rogue elements of the group attacking Israeli soldiers.
  • And Trump and Prime Minister Anthony Albanese have both arrived in South Korea ahead of the APEC summit.

Thanks for following our live blog – that’s a wrap for today. We’ll be back tomorrow with more live coverage.

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On this day: China ends one-child policy

By Alexander Darling

Ten years ago today, the People’s Republic of China ended the One Child Policy, allowing married couples to have up to two children.

The policy had begun in 1979 under reformist leader Deng Xioaping. The central government had been aiming to curb China’s population which at that point was nudging 1 billion, straining the country’s limited resources.

The Age, October 31, 2015.Archives

In the years it was in action, the policy did lead to lower birth and fertility rates, with the government estimating it had prevented 400 million births.

Other effects included a rise in the abortion of female children. It is estimated by 2030, there will be 30 million men who will be unable to find a wife.

Senate revolts: Government under pressure to release ‘jobs for mates’ report

By Brittany Busch and Nick Newling

The Coalition, Greens and crossbench will be able to ask extra questions of the government during Senate question time after they united to pressure the government to release its long-awaited “jobs for mates” review.

Non-Labor senators voted today for independent MP David Pocock’s motion to grant five extra questions to non-government senators every question time until the government releases the Briggs final report into public sector board appointments.

Senator David Pocock in the Senate today.Alex Ellinghausen

Minister for Public Service Katy Gallagher has been repeatedly ordered by the Senate to make public the Briggs final report into public sector board appointments, which she announced in early 2023 and pitched as a way to bolster trust in public institutions and improve integrity.

Gallagher has since refused to release the report, claiming the document had been prepared for cabinet and was therefore protected by cabinet confidentiality.

Optus executives, ACMA get date for Senate grilling

By Tom Wark

Optus executives will face outraged senators as early as Monday to explain how it responded to the Triple Zero network outage in September linked to the deaths of three people.

The program for the inquiry, launched by the Coalition and the Greens, shows Optus is expected to be represented at the first hearing on Monday morning.

Optus headquarters in Macquarie Park, Sydney.Jessica Hromas

It’s unclear which Optus executives will agree to appear, but the Senate has the power to compel witnesses if they decline.

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Israeli strikes overnight in Gaza kill at least 60 people, including children, local officials say

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Israeli strikes overnight in Gaza have killed at least 60 people, including many children, local hospital officials said on Wednesday.

Israeli Prime Minister Benjamin Netanyahu had ordered the military to conduct “powerful strikes” over Gaza after Hamas violated the fragile ceasefire.

An Israeli army flare drifts over an area in the northern Gaza Strip on Tuesday.AP

The Aqsa Hospital in the central city of Deir al-Balah said at least 10 bodies, including three women and six children, reached the hospital overnight after two Israeli airstrikes there.

In southern Gaza, the Nasser Hospital in Khan Younis said it had received 20 bodies after five Israeli strikes in the area, of which 13 were children and two were women.

Elsewhere in central Gaza, the Al-Awda Hospital said it had received 30 bodies of which 14 were children.

AP

‘We can multitask’: McIntosh defends Ley’s Joy Division comments

By Alexander Darling

Opposition leader Sussan Ley criticised Anthony Albanese in parliament yesterday for wearing a Joy Division T-shirt, claiming it was antisemitic given the band’s name is derived from the wing of Nazi concentration camps in which women were forced to prostitute themselves.

Today, the opposition spokeswoman for communications and women, Melissa McIntosh, was asked whether this was the right thing for her leader to be focusing on.

“We can multitask, I think,” McIntosh told the ABC.

“Sussan can prosecute the opposition’s case against the prime minister and his government on cost of living – on those serious issues – but she has a right to also make a comment on something that she felt was inappropriate for the prime minister of Australia, during this really unsettled time, to do.”

Asked about some other Liberal MPs saying Ley shouldn’t have made the remarks, McIntosh reiterated: “I’m quite comfortable with her making her statement.”

Crown Resorts bounces back to a profit

By Colin Kruger

Massive job cuts last year helped Crown Resorts report a profit for the 2025 financial year, and the casino operator has highlighted plans to boost its food and entertainment offerings to entice customers as the gambling side of its business continues to struggle.

Crown reported a net profit of $142 million, compared to a $164.8 million loss for the prior year, with asset sales helping to lift the result. It was also aided by Crown slashing 1000 jobs last year.

Crown Resorts’ flagship Melbourne casino.Bloomberg

Revenue also rose slightly to $2.83 billion. Crown’s Perth and Sydney casinos offset a decline at its flagship Melbourne casino which has been affected by carded play restrictions on its poker machines that do not apply to pubs and clubs.

Crown chief executive David Tsai highlighted that the regulatory issues were finally behind the casino operator which is back in control of its three casinos after inquiries found it unfit to hold its licences in Melbourne, Perth and Sydney.

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Husic concerned about environmental reform plans

By Alexander Darling

A government MP says he’s concerned about a plan to give the environment minister power to approve projects, even if they have unacceptable impacts.

Ed Husic was just on ABC News’s Afternoon Briefing, where he said he was specifically worried how this power would be used if the Coalition was returned to power at a later election.

Ed Husic.Alex Ellinghausen

“Murray [Watt, Environment Minister] said he’ll give further detail about how that will apply,” Husic said.

“But there’s talk about it being in the strategic interest. One scenario could be, for instance, the AUKUS arrangements require us to open up new uranium mine.

Wright: Inflation results a nightmare for Chalmers, Reserve Bank

By Alexander Darling

“Just in time for Halloween, the Reserve Bank and Treasurer Jim Chalmers have been delivered an inflation nightmare,” writes our economics correspondent Shane Wright.

The context, of course, is today’s data showing inflation has jumped to 3.2 per cent in the year to September. It dampens the chances of a rate cut at the Reserve Bank’s next meeting this coming Tuesday.

“Like any nightmare, what is scary is in the eye of the beholder,” says Wright. “For Chalmers, the blood-curdling questions range from the government’s economic policy agenda to the political imperative of ensuring cost-of-living pressures remain in check.

“For the Reserve, the terrifying issue is how it will deal with a trade-off between bringing inflation under control and jobs.”

Read more here.

Trump: US and South Korea are ‘serious partners’

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US President Donald Trump has said the US has a “special bond” with South Korea as he addresses a meeting of corporate leaders at the Asia-Pacific Economic Co-operation (APEC) summit in Gyeongju.

“We’re serious partners,” Trump said. “We’re really — we’re wedded, and we have a very special relationship, a special bond.”

Trump speaking at APEC on Wednesday.AP

Trump’s visit to the conference comes as he’s looking to work through a series of outstanding issues in his trade deal with South Korea, and prepares for a high-stakes meeting on Thursday with Chinese President Xi Jinping.

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