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ASX up, Christmas debt grows and 5 other things to start your day

A composite image of the ASX board showing company price changes and Australian shoppers outside a Westfield.
The ASX is expected to rise this morning. (Source: Getty)

ASX: The local share market is expected to lift this morning despite US markets sliding overnight.

Costly Christmas: Around a quarter of Aussies are expected to slide into debt to cover the festive season as cost-of-living pressures weigh on household budgets.

Finder data found 13 per cent of Aussies would reach for the credit card to pay for gifts and other holiday spending, with a further 9 per cent planning to use buy now, pay later.

In danger: The United Nations said the Great Barrier Reef should be listed as a World Heritage site ‘in danger’ after Australia failed to address key threats.

The UN's reactive monitoring mission report was finally released, eight months after a tour of the reef in March, when the Morrison government was still in power.

Caddick inquest: The inquest into the death of fraudster Melissa Caddick will draw to a close today after further evidence from two NSW police officers.

Two days after ASIC and the Australian Federal Police raided her Dover Heights home, the 49-year-old was reported missing by her husband, Anthony Koletti.

Crypto winter: Cryptocurrencies may be known for being volatile but this year's rollercoaster hasn't deterred some true believers.

Some Australians are seizing the opportunity to "buy the dip" and are investing more than ever before, according to the 2022 Independent Reserve Cryptocurrency Index.

Anti-corruption: Prison time could be on the cards for Aussie pollies, as the final form of the national anti-corruption commission starts to take shape.

The Albanese Government’s signature integrity watchdog’s new additions include offences for vexatious referrals - a referral made with the intention to harm another person - and for a referral to be publicly disclosed without permission. Both would carry a one-year jail term.

Refugees: Protesters have called on the Albanese Government to grant refugees more permanent protection.

More than 1,000 people are set to hold a rally outside Parliament House today, urging changes to visas for refugees and asylum seekers.

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