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Australian shares rally for best gains in nine weeks
The local share market’s winning streak has continued for a fifth straight day - and this time, its gains were the most in over two months.
The benchmark S&P/ASX200 index closed near the high of the day on Friday, up 75.9 points, or 1.06 per cent, to a three-and-a-half-week high of 7251.2.
The broader All Ordinaries gained 81.2 points, or 1.1 per cent, to 7451.2.
The market rose 1.8 per cent over the holiday-shortened week, snapping its three-week losing streak.
In currency, the Australian dollar was at its highest level against the greenback since late February.
The Aussie was buying 68.96 US cents, from 68.15 US cents on Thursday.
AAP
Government letter: Ukraine’s vehicle request ‘unsupportable at this time’
By Matthew Knott
The Albanese government says it is unable to send Hawkei protected mobility vehicles to Ukraine in the near future despite increasingly desperate pleas from Kyiv, citing braking issues and a lack of spare parts.
Ukraine has been requesting a fleet of Australian-made Hawkeis since September and the country’s Ministry of Defence has taken to social media in recent months to declare the vehicle its new “military crush”.
The Hawkei protected mobility vehicles have been designed and manufactured at Thales’ Bendigo site in Victoria.
Prime Minister Anthony Albanese is set to announce a new package of support for Ukraine during or just before his visit to the NATO summit in Lithuania in July, but Ukraine’s top request for assistance looks unlikely to feature in the announcement.
Victorian Libs to have urgent meeting about David Van
By James Massola
The Victorian Liberal Party has released a short statement about senator David Van, a day after party leader Peter Dutton sent him to the crossbench.
A spokesman said the Liberal Party “has taken action to suspend all organisational resources and support from Senator Van”.
“There will be an urgent meeting this weekend of the party’s Victorian administrative committee to further consider the allegations raised.”
Dutton has already called for Van to “resign from the parliament sooner [rather] than later and seek the help that he needs”.
But it is the Victorian division, rather than the federal leader, that has the power to decide whether Van should be forced to quit the Liberal Party.
Victorian party president Greg Mirabella met with federal MPs from the state earlier today, ahead of a federal Liberal council meeting in Canberra, which was already scheduled for this weekend.
Are the Yes campaign’s struggles ‘inevitable’?
By Anthony Segaert
Good afternoon, Anthony Segaert with you for the rest of the day. It’s been slightly quieter than yesterday’s chaotic few hours in Canberra, but the fallout today is continuing.
But as debate continues on another big topic – the Voice – reporter Paul Sakkal writes that Prime Minister Anthony Albanese is under pressure to take greater control of the push for a Voice as the No camp gains traction:
The analysis of Yes23’s strategists is that a messy, defensive phase was inevitable in the middle of this year. After a simple value proposition – to do the right thing for Indigenous Australians and heed their call – was put forward at the start of the campaign, Yes campaigners expected a period of needling would cause some drop-off in support.
In the period leading up to polling day (the likeliest date for the referendum is October 14), proponents are banking on voters – many of whom are disengaged and will still be forming their opinions – returning to a simple value judgment on whether they think voting Yes is the right thing to do. In the same way as voters at the last election backed Albanese ahead of the disliked Scott Morrison despite an at-times poor Labor campaign, Yes figures believe they are putting a question that has the majority support of a younger, more progressive nation.”
Read his full inside story on the Yes campaign’s divisions here.
Gallagher: ‘I believe Ms Higgins’
By Angus Thompson
Finance Minister Katy Gallagher has declared she believes Brittany Higgins while facing another day of opposition questions over her handling of the former Liberal staffer’s rape allegation.
On a fifth day of Coalition scrutiny, Liberal senator Marise Payne put a number of questions to Gallagher, including whether she received an advanced copy of Higgins’ February 2021 The Project interview before it went to air, and whether she provided any feedback to the information provided to her before Higgins’ claim went public.
Gallagher said she was asked to keep information provided to her confidential, “and I do that not just in this situation, but I have in hundreds of situations before that, and I have no doubt I’ll be doing that again for the ones who are going to come forward who I don’t know about yet”.
Finance Minister Katy Gallagher during question time at Parliament House today.Credit: Alex Ellinghausen
Gallagher denied she was hiding behind the excuse of confidentiality.
“I believe Ms Higgins,” Gallagher said. “Whatever happened, it has been distressing for a lot of people in this building, as has this week.”
Higgins’ former colleague, one-time Coalition policy adviser Bruce Lehrmann, pleaded not guilty to raping her in March 2019. His trial was aborted in October due to juror misconduct and a retrial was scrapped due to Higgins’ mental health. Lehrmann maintains his innocence.
Thorpe says she is touched by messages of support
By Angus Thompson
Independent senator Lidia Thorpe has told parliament she has been touched by all the messages of support she has received in the past two days since raising an allegation against Liberal senator David Van.
Van, who has been moved to the crossbench by Liberal leader Peter Dutton, denies allegations of inappropriate behaviour against him.
Senator Lidia Thorpe speaking before question time.Credit: Alex Ellinghausen
Thorpe thanked “all those who continue to stand up and refuse to stay silent about ongoing violence and harassment inflicted on the bodies of our women and girls, sister girls and brother boys, and other gender-diverse folks”.
“When we speak about violence, we get asked: why didn’t you take it to the police? We know the police are not the experts … the experts are our friends, matriarchs and our sisters who answer our calls in the middle of the night when they are feeling unsafe, and look after us.”
Dutton says Thorpe has ‘lots of issues’ and should seek support
By Caroline Schelle
Circling back to Opposition Leader Peter Dutton, who says senator Lidia Thorpe has “lots of issues” and needs to seek support.
The Liberal leader made the comments on Melbourne radio station 3AW this morning.
“Senator Thorpe – and it’s been well documented in the papers, her conduct inside and outside of the chamber – does need to seek support … with all due respect to her,” Dutton told the program this morning.
“I think Senator Thorpe has lots of issues.”
Opposition Leader Peter Dutton says Lidia Thorpe needs to seek support for her mental health. Credit: Alex Ellinghausen
His comments came after the station played a clip of Thorpe where she wondered about the mental health of senators who are “staggering around drunk by themselves” and needed help getting to hotels safely.
Here’s what Dutton said, edited for clarity and length:
She made serious allegations in the Senate this week. She hasn’t provided the names or details of individuals involved.
She doesn’t wish to make a complaint to the police. She says she doesn’t want the matters to go further. In the absence of any detail, it’s hard to just besmirch everybody without providing details. It’s hard to investigate that and provide an outcome.”
But host Neil Mitchell asked whether he believed what Thorpe said in the Senate this week.
“I don’t have any detail,” Dutton responded.
Mitchell said Dutton sounded sceptical.
“You’re saying she should get treatment or help ... It’s dog-whistling her mental health,” Mitchell said.
“With respect, it’s not,” Dutton replied.
“I think that her activities in nightclubs and others involving alcohol or whatever it might be ... I mean all of that’s been well documented. None of [my] business ... you play the clip and I respond to it.”
This afternoon’s headlines at a glance
By Caroline Schelle
Thanks for reading our live coverage this morning.
If you’re just joining us, here’s what you need to know:
- Opposition Leader Peter Dutton has called for David Van to resign from parliament after revealing he was aware of a third allegation of misconduct against the Liberal senator.
- But Van denies the allegations and released a statement saying he was “utterly shattered by the events of the past days and stunned that my good reputation can be so wantonly savaged without due process or accountability”.
Lidia Thorpe is embraced by senator Mehreen Faruqi after her speech in the Senate yesterday. Credit: Alex Ellinghausen
- The comments came after independent senator Lidia Thorpe and former Liberal senator Amanda Stoker went public with claims of inappropriate conduct this week.
- The Kremlin responded to the Albanese government’s decision to block the construction of a new Russian embassy near Parliament House, denouncing the decision as a hostile one.
- The Victorian Gambling and Casino Control Commission has fined Crown Resorts $20 million for improperly claimed tax deduction.
- Former AFL legend Barry Cable has been ordered to pay more than $800,000 in damages after a WA District Court judge found he sexually abused a child in the 1960s and ’70s.
That is all from me, and I’ll be handing over to my colleague Anthony Segaert who will keep the blog updated this afternoon.
Liberal women demand dumped MP Moira Deeming be reinstated
By Annika Smethurst and Rachel Eddie
To state political news, a senior group of Liberal women have demanded Victorian leader John Pesutto apologise to dumped MP Moira Deeming and reinstate her to the parliamentary party, claiming she had been “silenced” without basis.
Pesutto suspended the first-term MP from the Liberal benches in March after she attended the Let Women Speak rally, which was gate-crashed by neo-Nazis.
Moira Deeming exits the party room in March after surviving an initial move to expel her.Credit: Darrian Traynor
He later succeeded in expelling her from the party room in May after she threatened him with defamation action.
The saga has put Pesutto’s leadership to the test as he enters a must-win byelection in Warrandyte in Melbourne’s north-eastern suburbs, with the latest Resolve Political Monitor putting the statewide Liberal primary vote at just 23 per cent.
EU moves to ban Huawei, ZTE from 5G networks
By Latika Bourke
Meanwhile, the European Union designated Chinese telecoms companies Huawei and ZTE as high-risk vendors, effectively paving the way for their equipment to be removed from 5G networks across the bloc’s 27 member states.
It is the first time the EU has named the two Chinese firms as high-risk.
The move places additional pressure on member states to rid their networks of the Chinese-made kit, while also giving governments cover when facing pressure from Beijing to favour the companies for contracts.
Huawei is now regarded as a high-risk vendor across the European Union.Credit: Bloomberg
Equipment produced by Huawei and ZTE currently makes up around 40 per cent of telecoms networks across the EU on average.
On the basis of available information, the European Commission considers that “Huawei and ZTE represent ... materially higher risks than other 5G suppliers”.
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2023-06-16 06:27:11Z
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