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The federal government says it will allocate $2.9 million over three years in next week's federal budget to help suppliers to Australia's supermarkets, following the release of the first report into the sector in 17 years.
The competition regulator has released its final report from a 12-month inquiry into the pricing strategies of the country's supermarkets, describing them as as among the most profitable in the world.
The report by Australian Competition and Consumer Commission makes 20 recommendations for reform, including forcing supermarkets to notify consumers when a package size change makes them worse off.
It also recommends the supermarkets provide more transparency in their negotiations with fresh produce suppliers.
Assistant Minister for Competition Andrew Leigh says the federal government agrees in-principle with the recommendations.
"Shrink-flation, sneaky prices, unfair deals - we're tackling those head on. We are working hard to secure a fairer deal for farmers and a fairer deal for families. We understand that it is critical that supermarkets do the right thing. We are holding them to account with our existing reforms and through our in-principle adoption of this important new ACCC report."
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Federal Treasurer Jim Chalmers has announced a plan to promote innovation in the country’s cryptocurrency sector.
He says the framework sets out the next steps to develop a digital asset industry in Australia that considers business innovation and the protection for consumers.
The government's digital assets platforms policy also includes moves to regulate what's called stablecoins, a form of cryptocurrency with a value linked to government-issued currency.
That would be overseen by the regulator of the financial services industry, the Australian Prudential Regulation Authority.
Dr Chalmers says all this would have wider benefits for the economy.
"We see in this area a big opportunity for our financial sector, our payments industry, our capital markets - and our economy more broadly. We want to encourage investment and innovation and growth. But we also want to make sure that that innovation and growth happens with an element of certainty and security, as well. So we're working with the industry and the regulators. We're proposing a legislative framework in 2025."
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New South Wales Police are investigating an online threat targeting a mosque in Western Sydney.
Lakemba Mosque has urged stronger action against Islamophobia, after a person posted a comment on one of its TikTok posts with a reference to the 2019 Christchurch mosque shootings in New Zealand that resulted in 51 deaths.
Prime Minister Anthony Albanese says there is no place for racism and Islamophobia in Australia.
He says the police will be fully supported as they investigate the incident.
New South Wales Multicultural Minister, Steve Kamper says the threat is is unconscionable and despicable.
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Turkish riot police fired teargas and rubber bullets at thousands of protesters who have taken to the streets of Istanbul for a second day, over the arrest of Ekrem Imamoglu.
The mayor of Istanbul and President Tayyip Erdogan's main political rival, was detained on Wednesday as part of investigations into alleged corruption and terror links.
The detention happened just days before he was due to be selected as a presidential candidate.
Critics say his arrest is a coup and they insist protests will continue in defiance of a four-day ban.
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Kirsty Coventry has become the first female and the first African to be elected as president of the International Olympic Committee in its 131-year history.
Zimbabwe's sports minister, the 41-year-old former swimmer is also the youngest to hold the role.
She defeated six male candidates, including World Athletics president Sebastian Coe, in the vote to choose the successor to Thomas Bach.
She says delivering a successful Olympic Games in LA in 2028 is a focus, which includes ensuring athlete safety.
"I have been dealing with let's say difficult men in high positions since I was 20 years old. What I have learned is that communication will be key. And my firm belief is that President Trump is a huge lover of sports. He will want these Games to be significant. And we will not waver from our values."
Coventry will officially begin her eight-year term as president on 23 June.
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Socceroos midfielder Jackson Irvine says is praising the team's ability to stay calm, after their five goals to one World Cup qualifying win over Indonesia in Sydney.
Australia won comfortably in the end, but was almost down two goals to nil very early in the match, with captain Mat Ryan forced into a good save by his Indonesian counterpart, and then Indonesia missing a penalty.
Irvine says the team's resilience is one of its key attributes.
"We've had moments that have been difficult, and we've been able to regroup and stay calm, and come back to the basics and the structure that we've now got as a baseline. And I think that's so key, when you've got players who are capable of riding through those moments. Yeah, of course, it was a penalty, and there was a little bit of fortune about the miss. But, at the end of the day, even if it had gone in, I've got full faith that the boys would have remained calm, found our feet, and got ourselves back into the game the way we did."
The win puts Australia in second place in their group with three games to go, heading into next Tuesday's match against China in Hangzhou.
The first two teams in each group get automatic qualification to next year's World Cup.
First-placed Japan has become the first Asian country to book a spot at the World Cup, with a two goals to nil victory over Bahrain.
