Well-known and highly controversial Sydney radio shock jock Kyle Sandilands says his contract has been terminated.

The war in the Middle East has prompted Donald Trump to lash US allies.

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Treasurer Jim Chalmers says he is not expecting a recession, despite Australia's reserve bank warning it may be a possibility in a bid to rein in inflation.

As the conflict in the Middle East rages, Donald Trump has lashed his allies over an important shipping strait.

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The RBA's interest rate rise hits borrowers. 

US president Donald Trump lashes allies including Australia over a crucial shipping passage that has been effectively closed during the war.

Far north Queensland faces a powerful cyclone.

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Financial counsellors are warning the decision by the Reserve Bank to raise interest rates will have a stark impact on many households. 

Listen to the latest updates from ABC News

Listen to the latest updates from ABC News

Listen to the latest updates from ABC News

Listen to the latest updates from ABC News

The federal Shadow Treasurer Tim Wilson says today's interest rate hike is "devastating" for Australians who are already struggling with cost of living pressures, and is calling on the government to take responsibility.

Treasurer Jim Chalmers says increased inflation came from a rise in private demand rather than public spending.

The Reserve Bank has lifted the cash rate to four-point-one per cent at its latest monetary policy board meeting.

Iran has launched fresh attacks on the United Arab Emirates with an oil facility set alight.It's also launched missiles against Israel in the past 24 hours, underscoring that Tehran still retains the capacity to carry out long-range strikes despite ‌more than two weeks of aerial bombardment by the US and Israel.

The US-Israeli war on Iran continues in its third week with at least two-thousand people killed and no end in sight.

A tropical low in the Coral Sea is now officially a cyclone and has been called 'Narelle'.

The category one system is still well off the far north Queensland coast.

The Weather Bureau's latest track map shows it heading towards remote Cape York Peninsula.

It's expected to intensify to category four with a likely crossing between Lockart River and Port Douglas later in the week.

A severe impact is likely, possibly on Friday.  

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The federal Treasurer says global instability is putting even more pressure on families and businesses that are already doing it tough.

It comes after the Reserve Bank voted to raise interest rates by a quarter of a per cent to 4 point 1 per cent.

Financial markets are now pricing in a 30 per cent chance of a follow-up rate hike at the next RBA meeting in May, after the two delivered today and last month.

Federal energy minister Chris Bowen says all shipments of fuel to Australia are expected to arrive as scheduled well into next month.

China has reportedly told oil refiners to halt all fuel exports, sparking concerns for Australia's supply of jet fuel.

The government last week announced it was relaxing petrol standards for 60 days so fuel that was set to be exported can instead be sold domestically.

Afghanistan's Taliban rulers say at least 400 people have been killed after Pakistani airstrikes hit a drug rehabilitation centre in Kabul.

Large sections of the facility in the capital, Kabul, have been destroyed.

Pakistan says its military carried out precision strikes against militant infrastructure in Kabul and the eastern province of Nangarhar, insisting it did not target civilian sites.

Pakistan accuses the Taliban of harbouring militants responsible for attacks inside Pakistan.

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