ASX: The local market is expected to open lower this morning after Wall Street extended losses overnight.
This comes after the after the Bank of England took emergency measures to calm markets.
Wall Street: on Thursday — with Apple leading the way down — as renewed recession jitters permeated Wall Street and wiped gains.
Rate rises: Hopes of a smaller interest rate rise may have been premature with some experts .
Mortgage holders have endured a cumulative 175 basis points in interest rate hikes since May, causing their monthly repayments to rise by hundreds of dollars.
Rental crisis: Rent assistance and leaving low-income households exposed, the Productivity Commission said.
The commission wants Commonwealth rent assistance payments revised as a priority and said support payments should be better targeted at low-income Aussies and expanded to cover more people experiencing rental stress.
Optus breach: Australia's privacy commissioner fired a warning shot over the bow of organisations holding personal data, as the federal government warned the will be felt for a long time.
Green thinking: Australians are more than they were two years ago, despite the rising cost of living, Woolworths said.
Weekly surveys of Woolworths customers on the most decisive factors in where to shop found drops in most areas as inflation sores.
Strike: The private operator of Australia's largest prison is trying to attract workers while its to protest staffing levels and wages.
Prison officers at the Serco-run Clarence Correctional Centre, in the NSW Northern Rivers region, plan to walk off what they claim is a poorly paid job at an understaffed facility today.
Caddick inquest: As Melissa Caddick's inquest draws to a close her husband is set to return for his fourth and likely final day of evidence after .
Buckingham Palace is considering whether it should take action after the King and Princess of Wales were named in the Dutch version of a new book as senior royals who questioned what skin colour Prince Archie would have. The writer said an investigation had been launched into how the names were included in the translated version of Endgame, which Dutch publisher, Xander Uitgevers, said had been pulled from shelves in the Netherlands due to an "error".
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TAIPEI (Reuters) -China's leadership is too "overwhelmed" with its internal problems to consider an invasion of Taiwan, President Tsai Ing-wen said in an interview with the New York Times. China, which views democratically governed Taiwan as its own territory, has ramped up military pressure against the island over the past four years, leading to concerns of a conflict that would have global repercussions. But Tsai, in a transcript of the New York Times DealBook Summit interview her office published on Thursday, said China had too many issues at the moment.
China's President Xi Jinping has said the country's coast guard must enforce maritime law and crack down on "criminal activities" to defend China's territorial sovereignty, state media reported on Friday. Xi made the comments as he inspected the China Coast Guard's command office for the East China Sea area and the performance of the coast guard's ships by video, Xinhua news agency reported.