Latest / NewsCard® Australia Daily News / Australia Backs Royal Removal, Markets Hit Record High, Severe Weather Warnings
Transcript
- [warm] This is NewsCard Daily for Thursday February 26, 2026 ... the biggest stories from Australia and around the world in just minutes. — — [serious] We begin in Canberra where Prime Minister Anthony Albanese has backed a major move against Prince Andrew. In a letter to UK Prime Minister Keir Starmer, Albanese has confirmed Australia's government would support removing Andrew from the royal line of succession. The decision comes after what the Prime Minister called "grave allegations" ... Albanese wrote that his government agrees the law must take its full course and there must be a full, fair, and proper investigation. It's a significant intervention from Australia, as Commonwealth agreement is key to any formal removal from the line of succession. — — [hopeful] On the markets, the ASX has delivered its best day in two weeks. The Australian share market lifted 106 points to hit a fresh record high of 9,128 ... that's a gain of almost 1.2%. It's a solid recovery after three straight days of losses. The rally came despite hotter-than-expected inflation data released this morning ... investors seemingly shrugging off concerns about tariffs and trade policy that continue to swirl globally. Tech stocks took some losses on AI disruption worries ... but miners and energy stocks powered the gains, with BHP hitting an all-time high. — — [urgent] Weather warnings are in place across much of the country as a broad low-pressure system continues to pound Australia with heavy rain. Flash flooding and severe weather warnings are current across Queensland, New South Wales, and South Australia ... with intense rainfall continuing to trigger disruptions to travel and communities. The tropical low is expected to continue bringing dangerous conditions through the coming days. — — [serious] In New South Wales, police have charged a woman over an alleged fraudulent daycare operation. Detectives from the Financial Crimes Squad have laid charges following an investigation into an operation allegedly involving around 400-thousand dollars in fraudulent activity. The case highlights ongoing concerns about safeguarding in childcare services. — — [warm] That's NewsCard Daily. For more top stories and quick summaries that keep you informed in minutes, download NewsCard ... available in the App Store.