Latest / NewsCard® Australia Daily News / Chalmers warns on budget relief, Queensland floods, EU-Gulf summit postponed
Transcript
- [warm] This is NewsCard Daily for Saturday October 24, 2026 ... the biggest stories from Australia and around the world in just minutes. — — [serious] We begin in Canberra where the cost-of-living squeeze remains front and centre. Treasurer Jim Chalmers warns households not to expect fresh relief in the Government’s next budget update. Spending is being tightened as debt costs rise ... while families face higher fuel bills and interest rates at a fifteen-year high. — — [urgent] In Queensland, torrential rain is triggering flash floods across the south-east. More than two hundred and fifty millimetres falls near Moreton Bay in just twenty-four hours. Roads are underwater, power is disrupted, and schools are closing. Authorities urge people in flood-prone parts of Caboolture and Burpengary to prepare to evacuate. — — [serious] In federal politics, Opposition Leader Angus Taylor is attacking the Government over its tax changes, red tape and rising costs for small business. The Coalition is also facing questions about political material circulated before independent MP Helen Haines was struck by a car. Ms Haines remains in critical condition ... prompting candlelight vigils and support across the country. — — [curious] In the banking sector, Westpac is preparing to raise interest rates for some Visa and Mastercard users. The bank blames changes to credit-card surcharges. For customers already dealing with expensive mortgages and everyday bills, the move adds another pressure point. — — [serious] Overseas in Europe, the European Union postpones a summit with Gulf nations planned for Saudi Arabia. The decision follows Houthi attacks targeting Saudi Arabia and reflects growing concern over regional security. The delay adds to diplomatic pressure as governments work to prevent the conflict spreading further. — — [urgent] And in the Middle East, reports continue of fighting linked to the Iran war. The situation remains fluid, with risks for civilians, energy markets and global security. For Australia, any prolonged escalation could mean sharper fuel costs and fresh pressure on trade routes. — — [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.