If elected, the Coalition government plans to establish a $1 billion gas war chest to cut household energy bills by 3%, with Peter Dutton unveiling the gas reservation policy at the Sky News leaders’ debate. The National Gas Plan includes measures like an East Coast Gas Reservation scheme, increased gas supply, and reduced wholesale prices by 23%, benefiting both households and industries. The plan aims to enhance energy security, encourage long-term gas contracting, and support smaller players in the market while defunding the Environmental Defender’s Office.
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Asia stocks fall as US tariffs remain after court twist
Asian stocks declined as the US dollar weakened alongside Treasury yields, following an appeals court's decision to keep President Trump's tariffs in place while considering an appeal against a previous ruling that deemed the tariffs unconstitutional. Japan's Nikkei index fell 1.7%, influenced by a stronger yen, which impacts overseas earnings, while Hong Kong's Hang Seng and South Korea's KOSPI also experienced losses. Despite the legal uncertainty surrounding the tariffs, Treasury Secretary Scott Bessent confirmed ongoing...
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