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Increased output from wind generation and batteries, and falling electricity contract prices, are expected to deliver lower energy billsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastPower prices on Australia’s east coast are predicted to fall from July because of increased output from wind generation and batteries, and falling electricity contract prices, with potential savings up to $1,320 for some small businesses.In a draft decision on Thursday, the Australia Energy Regulator (AER) proposed a price reduction for customers on standing electricity plans – known as the “default market offer” –

US president says Israel will not launch another attack on the giant gasfield shared by Iran and Qatar, but promises to destroy it if Tehran retaliatesIsrael strikes Iran’s South Pars gasfield hours after forces kill intelligence minister Fighting intensifies between Israel and Hezbollah in southern Lebanon‘Growing stagflation risk’ is unsettling markets, warns strategistIn other Asia business news today, Japan’s Nikkei was down 2.5%, while South Korean equities fell 1.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1.5%.“It is now hitting the plumbing of the global energy system. What is unsettling markets now is the growing stagflation

Lawmakers leave closed-door meeting after AG refuses to commit to honoring subpoena to testify under oathDemocrats on the House oversight committee walked out of a closed-door briefing from attorney general Pam Bondi about the Jeffrey Epstein files on Wednesday, leaving what California congressman Robert Garcia called “an outrageous fake hearing” after Bondi refused to commit to honoring a subpoena to testify under oath.The committee voted to subpoena Bondi earlier this month, with five Republicans joining Democrats to demand that the attorney general answer questions about the justice department’s failure to properly release files from the federal investigations into Epstein. Continue

New York Times report leads to multiple cancellations of events meant to celebrate the late labor organizerSign up for the Breaking News US email to get newsletter alerts in your inboxLawmakers, union leaders and several community organizations expressed their shock and disgust after several women shared allegations of inappropriate sexual behavior and abuse by the late labor organizer César Chávez.The New York Times released an investigation on Wednesday detailing the allegations, which revealed that for years the co-founder of the United Farm Workers (UFW) union had groomed and sexually abused girls who were involved in the movement. Continue reading... Source