Morning Briefing: Boris Johnson hangs on, interest rate hike looms, and Anthony Albanese’s stern words to China

Good morning. It’s Tuesday 7th June, and here’s a round up of the latest news.

Boris Johnson survives no-confidence vote

, securing enough support in his party to remain in office despite a rebellion that will likely weaken him as a leader and casts a shadow over his future.

Mr Johnson won the backing of 211 out of 359 conservative lawmakers, more than the simple majority needed to remain in power, but still with a significant number of 148 MPs who have lost faith in the prime minister.

as some see the leader increasingly like a liability rather than an asset in elections.
saw him become the first serving UK prime minister to have broken the law.

Interest rates expected to rise again

The Reserve Bank is on Tuesday set to continue .
But homeowners have been warned it’s unlikely to end there – per cent by the end of 2023.
City Index analyst Tony Sycamore says the Reserve Bank is likely to follow the lead of other central banks around the world.
and we are in an environment of aggressive central bank rate hikes and I think the RBA will probably toe the line as well,” Mr Sycamore said.

‘Act of aggression’: Anthony Albanese takes aim at China over aircraft incident

Prime Minister Anthony Albanese has labelled an .

Mr Albanese says the Australian plane was observing long-standing international practices when it was intercepted by the jet over the South China Sea.

Albanese stands at a podium, press-lipped, in a suit

Prime Minister Anthony Albanese described China’s fighter jet altercation at sea as an act of aggression. Source: AAP / Lukas Coch

According to defence officials, the J-16 aircraft flew dangerously close to a RAAF P-8 Poseidon surveillance plane before accelerating and cutting across its nose.

and a dangerous act against the Australian airforce which was conducting aerial surveillance in accordance with international norms,” Mr Albanese told reporters in Indonesia.
But Beijing hit back Monday, saying it would ““.

“China once again urges Australia to earnestly respect China’s national security interests and core interests, act and speak prudently to avoid a miscalculation occurring that results in serious consequences,” foreign ministry spokesman Zhao Lijian told reporters.

Elon Musk’s threat to dump Twitter

, accusing the company of refusing to give him information about its spam bot accounts.
which was included in a filing from Twitter with the Securities and Exchange Commission.
The letter says Mr Musk has repeatedly asked for the information since 9 May, about a month after his offer to buy the company, .

Shares of Twitter Inc. tumbled more than five per cent at the opening bell on Monday.

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