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Today's reading time is 7 minutes. - Miko Santos
Here’s what else you need to know to get going and get on with your day.
1️⃣ Liberal Party to Hold Three Meetings on Net Zero Commitment
The Liberal Party will convene three separate meetings this week to determine whether to maintain its commitment to net zero emissions by 2050, with moderates and conservatives clashing over the policy direction ahead of the next federal election. Shadow Communications Minister Melissa McIntosh and moderate Senator Paul Scarr represent opposing factions, with some MPs threatening to resign frontbench positions if the party abandons climate targets. The party room will make a final decision Sunday following Wednesday’s policy discussion and Thursday’s Shadow Cabinet meeting.
2️⃣ Australia’s Social Media Ban for Under-16s Takes Effect December 10
Prime Minister Anthony Albanese confirmed Monday that Australia’s world-first legislation banning social media access for children under 16 will commence December 10, giving technology companies less than four weeks to develop age verification systems. The government acknowledged implementation challenges but emphasized the measure aims to protect youth mental health and empower parents. Officials have not specified enforcement mechanisms, raising questions about compliance and potential workarounds
3️⃣ Former Labor Minister Richardson to Receive State Funeral
Graham Richardson, former Labor minister and environmental policy architect, will be honored with a state funeral following his death Saturday at age 76, Prime Minister Anthony Albanese announced Monday. Richardson, who served under prime ministers Bob Hawke and Paul Keating, secured lasting environmental protections for the Daintree Rainforest and Kakadu National Park. Radio broadcaster John Laws, 89, also died over the weekend, with both deaths marking the end of an era in Australian media and politics.
4️⃣ US Government Shutdown Reaches 40 Days as Senate Seeks Compromise
The U.S. government shutdown entered its 40th day Monday, becoming the longest in American history as Senate negotiators worked through a rare Sunday session to broker a temporary funding agreement. The impasse has furloughed hundreds of thousands of federal workers and disrupted food assistance programs and air travel ahead of the holiday season. The proposed compromise would fund some agencies for one year and others for several months while promising future votes on disputed healthcare provisions.
5️⃣ Reserve Bank Holds Cash Rate at 3.6%, Dashing Pre-Christmas Cut Hopes
The Reserve Bank of Australia maintained its cash rate at 3.6 percent, with Deputy Governor Andrew Hauser citing persistent capacity pressures in the economy despite moderating inflation. Underlying inflation has returned to the central bank’s target range, but officials expressed concern about demand exceeding supply and potential asset price inflation. The decision follows three earlier rate cuts in 2025 and indicates monetary policy will remain on hold through year-end.
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