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ASX down, flight delays and 5 other things to start your day

Eliza Bavin
·Personal Finance Editor
·2-min read
The ASX board showing company price changes and the tail of a Qantas plane.
The ASX is expected to fall this morning as travellers brace for flight delays. (Source: Getty)

ASX: The local share market is expected to slide this morning after US markets took a tumble overnight.

RBA blow: The Reserve Bank of Australia delivered a 10th straight interest rate rise yesterday, bringing the official cash rate to 3.6 per cent.

The major banks are anticipated to pass on the hike in full to borrowers. If they do, Aussies with the average loan size of around $600,000 will be forking out more than $13,000 more per year on their mortgage compared to what they were paying a year ago.

Fool’s gold: Perth Mint's international reputation has been damaged by gold "doping" revelations and past anti-money-laundering failures, its CEO admitted.

The West Australian government-owned corporation admitted it diluted gold it sold to China with the addition of silver to save money, at least once, between 2018 and 2021.

Worker shortage: Australia could face a shortage of 200,000 engineers by 2040, putting major infrastructure projects at risk, Professionals Australia has warned.

Supporting female engineers to enter and stay in the industry could be key to avoiding the shortfall. Only two in 10 engineering students are women, and they represent just 15 per cent of the engineering workforce.

Flight delays: A 24-hour strike by workers who refuel Qantas and other international airline planes at Melbourne Airport is threatening to disrupt flights.

The Transport Workers' Union (TWU) said the industrial action from 4:00am today to 4:00am on Thursday was a push for better pay and conditions for workers.

The TWU's Mem Suleyman said employees had been trying to get a better working agreement for a year, leaving them no choice but to strike.

Free ‘fuel’: Origin Energy is launching month-to-month electric car subscriptions and will give customers five hours of free electricity to fuel them in a new push to get more of the next-generation vehicles on the road.

Origin revealed a suite of electric car offers on Wednesday, which also included partnerships with automaker Audi and public charging network Jolt.

Crocodile hunter: A would-be social media crocodile hunter has been fined $12,000 for illegally catching freshwater crocs.

Jayden Wilson was sentenced in the Townsville Magistrates Court for catching, or attempting to catch, 16 reptiles from the Ross River in northern Queensland. He was charged with 12 counts of taking a protected animal.

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