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The head of the Australian Chamber of Commerce and Industry Andrew McKellar, says businesses will have to pay an extra $7.9 billion to cover the costs of the decision to lift the minimum wage. ACTU Secretary Sally McManus, says it's just an extra dollar an hour for some of the lowest paid workers, who carried Australia through the pandemic.

AEMO's decision to cap wholesale energy prices has led to some electricity generators withdrawing supply, promoting fears of blackouts. The market operator has been forced to suspend the entire electricity market, the first time it has ever taken this step.

The UK Government has suffered a humiliating legal setback to its plan to deport asylum seekers to Rwanda. The first flight was cancelled minutes before take-off yesterday after a late intervention from the European Court of Human Rights led to fresh challenges in the UK courts.