Australia news live: rising rates and prices pushing businesses to brink; Wong spruiks more PNG investment

2 months ago 45

Business insolvencies increased 38% in year to May; foreign affairs minister says bolstering legal system will ‘strengthen security partnership’

Good morning and welcome to our live news coverage. While Mostafa Rachwani prepares to start the day, I’m Martin Farrer with some of the stories making the headlines overnight.

After all the talk and announcements, we still don’t know how much the Coalition thinks its nuclear plans will cost – but our top story says that experts think it will cost a lot more than if we just stick with renewables. One energy expert tells us there is “no credible reason” to think adding “the most expensive form of bulk electricity” would cut prices. More coming up.

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