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Analysis shows local billionaire wealth rose by 8% last year, meaning tycoons such as Gina Rinehart make 1,300 times more than average person’s payWealth of world’s billionaires grew by $2tn in 2024, report findsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s 47 billionaires take home an average of A$67,000 an hour, over 1,300 times more than the average Australian, new Oxfam analysis reveals, as the anti-poverty organisation calls for the major parties to tax the fortunes of the super-rich to tackle inequality.Using data from Forbes’ real-time billionaires list –

Freeland casts herself as ‘battle tested leader’ and most capable of negotiating with an unpredictable White HouseWho could replace Justin Trudeau as leader of Canada’s Liberal party?Chrystia Freeland has warned of the “existential risk” to Canada posed by Donald Trump, casting herself as a “battle tested leader with the scars to prove it” during the formal launch of her bid to be the country’s next prime minister.Freeland, who has presented herself as the figure most capable of negotiating with a protectionist and unpredictable White House, held her formal campaign launch the day before the incoming president’s inauguration and pledged “dollar

Follow today’s news liveGet our breaking news email, free app or daily news podcastLambie says Labor doing ‘a fair bit of clean up’ from nine years of CoalitionAsked about polling showing Peter Dutton had drawn level to Anthony Albanese as preferred PM, and whether this could be attributed to Dutton’s stance on law and order, Jacqui Lambie responded:It hasn’t got any worse or better, I can assure you. You didn’t get much out of him after nine years, but if people want to fall back into that and go, well, you know, Labor’s had three years and that’s all we’re