Australia news LIVE: Nation in day of mourning after death of Queen Elizabeth II; Recession risks grow as home buyers endure rate rises

Australia news LIVE: Nation in day of mourning after death of Queen Elizabeth II; Recession risks grow as home buyers endure rate rises

Key posts

  • Russians rush for flights out amid reservist call-up
  • Former Australian commando faces Afghanistan war crimes investigation
  • Recession risks grow as home buyers endure rate rises
  • This morning’s headlines at a glance
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Russians rush for flights out amid reservist call-up

Yesterday, we told you that Russian President Vladimir Putin has ordered a partial mobilisation of his country’s military reservists to assist in his regime’s invasion of Ukraine.

Since then, ticket prices and flight tracking data suggests Russians have been racing to book flights out of the country.

Large numbers of Russians rushed to book one-way tickets out of the country while they still could on Wednesday, European time, after Russian President Vladimir Putin announced a partial mobilisation of military reservists for the war in Ukraine.Credit:AP

Air Serbia flights from Moscow to Belgrade have sold out for the next several days. Meanwhile, flights from Moscow to either Istanbul or Dubai reached as high as $13,600 for a one-way economy ticket.

Read more courtesy of our world desk.

with AP

Former Australian commando faces Afghanistan war crimes investigation

A former Australian special forces soldier who allegedly confessed to executing an Afghan prisoner in October 2012 is now the target of a major war crimes inquiry, and was stopped at an airport where his phone was seized on return from an overseas trip in April.

The ex-commando faces interrogation by the Office of the Special Investigator, an agency set up to examine war crimes allegations. The fact investigators are targeting him casts rare light on the direction and progress of one of Australia’s most secretive inquiries.

Australian special forces soldiers in Afghanistan.Credit:ADF

The commando’s confession to a Victorian priest in 2013 was uncovered by The Age and The Sydney Morning Herald in 2019, and later became part of investigations by the military inspector-general into allegations of Afghan war crimes, known as the Brereton inquiry.

More on this story here.

Recession risks grow as home buyers endure rate rises

The Australian economy is facing a sharp slowdown that could drive up unemployment next year, with growing fears the Reserve Bank may lift interest rates too high too quickly on heavily indebted home buyers as it fights to bring inflation under control.

Ahead of an expected sharp increase in America’s official interest rates by the Federal Reserve on Thursday (AEST) that some analysts believe could drive the world’s largest economy into recession, Australian experts now think there is a chance the local economy could contract during a quarter in 2023.

Higher interest rates could hit the nation’s jobs market and the broader economy next year.Credit:Janie Barrett

In his July update to key budget forecasts, Treasurer Jim Chalmers revealed the economy is expected to expand by 3 per cent this financial year and then by a modest 2 per cent in 2023-24. Both forecasts were half a percentage point lower than had been expected in the March budget.

Read the full story here.

This morning’s headlines at a glance

Good morning and thanks for your company.

It’s Thursday, September 22. I’m Broede Carmody and I’ll be anchoring our live coverage for the first half of the day.

Here’s what you need to know before we get started.

  • Australians will bid a final farewell to Queen Elizabeth II today as part of a national day of mourning to be held at Parliament House in Canberra. A minute of silence will be held at 11am AEST.
  • In state news, new polling suggests the Victorian government is on track to be re-elected come November. A NSW Labor frontbencher has launched a late-night attack on a colleague hoping to run for the upper house. FIFO workers in WA may soon have to sign a sexual harassment declaration. And the number of surgeries held up by today’s public holiday is not known to Queensland Health.
  • And in international news, Russians appear to be hurriedly booking flights out of the country after President Vladimir Putin announced a partial mobilisation of the country’s military reservists for the war in Ukraine.
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