Canva co-founder and wife make philanthropic Giving Pledge
Canva co-founder Cameron Adams and his wife, Lisa Miller, have joined a pledge taken by the world’s wealthiest philanthropists to give most of their wealth to charity in either their life or wills.
“Many of the ecosystems that support our lives are being destroyed – and our future depends on how we choose to save them,” Adams said in a statement.
Lisa and I believe that with good fortune comes great responsibility. We recognise that the opportunities we have had in life place us in a position to give generously and act with purpose.
Philanthropy is more than charity; it is a means of addressing systemic issues, driving meaningful change, and ensuring that future generations inherit a world rich in possibility and biodiversity. By joining the Giving Pledge, we aim to emphasise this responsibility and commit our resources to the planet that we all rely on.
And this commitment is critical during the next decade … We must not only halt nature’s decline but also begin its restoration. Governments and businesses will play vital roles, but philanthropy has a unique ability to drive bold action, fund innovation, and catalyse change at scale.
The Giving Pledge is a promise by philanthropists to give most of their wealth to charitable causes, founded by Bill Gates, Melinda French Gates and Warren Buffett in 2010. Adams and Miller have previously pledged to give “most” of their fortune away through their venture Wedgetail.
Adams will have access to his almost $7bn fortune soon, which has largely been in Canva equity, Australian Financial Review report.
Key events
Andrew Messenger
Qld nurses union moves to strike ballot
Queensland nurses could walk off the job, with union members voting on protected industrial action later this week.
The Queensland Nurses and Midwives’ Union announced the move yesterday, saying negotiations had broken down with the state government over a new enterprise bargaining agreement.
It comes after the government threatened to deny members two months of backpay if they voted to strike.
QNMU Secretary Sarah Beaman said the threat was “an insult to the frontline public nurses and midwives who stood firm on the frontline of Queensland Health during COVID – and every day”.
Our workforce is in crisis, and we desperately need more nurses and midwives if we are to continue to deliver quality free care in Queensland,” she said.
The government’s EB12 offer, no matter how they try to spin it, does nothing to recruit, retain and respect Queensland’s nurses and midwives.
Nurses and midwives have made it very clear – they will not be unfairly pressured into accepting a deal that erodes Queensland’s public health system – or their rights, pay and conditions.
The union says it wants a substantially higher pay offer to make Queensland nurses the best paid in the country. It also says the government is attempting to remove clauses limiting contracting out public services and mandating flexible work arrangements, among others.
British ultramarathon runner William Goodge becomes fastest man to cross Australia on foot
An ultra-endurance athlete has just smashed the world record for running across Australia after spending more than a month on foot.
Spurred on by his mother’s battle with cancer, and with his father by his side, William Goodge crossed the finish line in Sydney just after 4pm on Monday.
It brings an end to 35 days of pounding the pavement, striding the equivalent of two and a half marathons per day.
That’s four days quicker than previous record holder, Chris Turnbull, who completed the 3,800km feat in 39 days in 2023.
The 31-year-old Briton crossed the finish line at Bondi Beach, making his massive run a new Guinness world record. Goodge set out from Cottlesloe Beach in Perth on 15 April, averaging more than 100km per day at about seven and a half minutes per kilometre.
– Australian Associated Press
Albanese ends whirlwind international tour in Singapore
Anthony Albanese will meet with Singaporean counterpart Lawrence Wong to bookend his first international trip since Labor’s resounding election triumph.
The prime minister, who met with the previous Singaporean prime minister Lee Hsien Loong in 2024, is expected to consolidate Australia’s relationship with one of its most influential Southeast Asia neighbours.
Singapore will join the Talisman Sabre exercise in Australia between 13 July and 4 August, when more than 30,000 military personnel from 19 nations will take part in war games.
Albanese will meet the Singaporean prime minister on Tuesday after attending the pope’s inauguration at the Vatican and meetings with world leaders on the sidelines of the mass.
The trip coincides with the 60th anniversary of bilateral relations after Australia became the first nation to establish a diplomatic relationship with Singapore and the second to recognise it after its independence in 1965.
– Australian Associated Press
Canva co-founder and wife make philanthropic Giving Pledge
Canva co-founder Cameron Adams and his wife, Lisa Miller, have joined a pledge taken by the world’s wealthiest philanthropists to give most of their wealth to charity in either their life or wills.
“Many of the ecosystems that support our lives are being destroyed – and our future depends on how we choose to save them,” Adams said in a statement.
Lisa and I believe that with good fortune comes great responsibility. We recognise that the opportunities we have had in life place us in a position to give generously and act with purpose.
Philanthropy is more than charity; it is a means of addressing systemic issues, driving meaningful change, and ensuring that future generations inherit a world rich in possibility and biodiversity. By joining the Giving Pledge, we aim to emphasise this responsibility and commit our resources to the planet that we all rely on.
And this commitment is critical during the next decade … We must not only halt nature’s decline but also begin its restoration. Governments and businesses will play vital roles, but philanthropy has a unique ability to drive bold action, fund innovation, and catalyse change at scale.
The Giving Pledge is a promise by philanthropists to give most of their wealth to charitable causes, founded by Bill Gates, Melinda French Gates and Warren Buffett in 2010. Adams and Miller have previously pledged to give “most” of their fortune away through their venture Wedgetail.
Adams will have access to his almost $7bn fortune soon, which has largely been in Canva equity, Australian Financial Review report.
Jonathan Barrett
The three scenarios the RBA may deliver with today’s rate cut decision
The Reserve Bank will decide today whether mortgaged households will receive interest rate relief in a closely watched decision complicated by Donald Trump’s tariff regime. Here are the three most likely scenarios.
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Quarter point cut: There is a strong view among market participants that the RBA will cut the cash rate by 25 basis points from 4.1% to 3.85% today, providing some relief for mortgage holders.
This view is backed by a recent easing in inflation, and the belief that the central bank wants to bring the cash level, which helps determine borrowing rates, back to a neutral rate somewhere around 3.5% over the coming months.
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No rate cut: This view has gained momentum in recent days due to strong labour data that suggests the jobs market may not require a rate cut.
The winding back of Trump’s tariff regime, which has eased economic tension between the US and China, along with a rebounding stock market has also caused some economists to suggest the RBA should wait to see if inflation falls further before cutting again.
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Half percentage point cut: While this outcome has become increasingly unlikely due to the easing of global economic tension and strong local jobs data, there are some who believe the cash rate is too restrictive for the Australian economy.
Liberals question role of advocacy group Advance
We have an exclusive story this morning about the bitter aftermath within the Liberal party after its election defeat with some senior Liberal sources questioning the impact of Advance Australia, the rightwing advocacy that campaigned for the party.
A number of insiders are arguing that the group made “no difference at all” to the election result and others warning it “undermined” the party and cost it votes. Reaction coming up.
Read the full story from Henry Belot and Sarah Basford Canales:
Gallagher says Australia ‘seeking support’ for Gaza residents
Katy Gallagher was asked on ABC News Breakfast whether Australia joins the UK, France and Canada’s threatened action against Israel if it does not end its “egregious” renewed offensive and allow aid into the Gaza Strip.
Gallagher did not say whether Australia would:
We are absolutely deeply and gravely concerned about the situation in Gaza. For anyone who is watching the images or reading about what is happening there, we have been calling to ensure that aid is getting through and this is something that the Australian government keeps a watching brief on.
I will leave it to the foreign minister to make any further updates, but we … certainly … are seeking support for the people of Gaza and for Israel to allow that support to be provided.
Finance minister says market predicts today’s RBA decision will be a rate cut
The finance minister, Katy Gallagher, is speaking live on ABC News Breakfast ahead of the Reserve Bank’s interest rates decision to come later today. She says the market is predicting a rate cut:
I know there will be loads of homeowners and those with mortgages that are watching this decision very closely.
As I said, the market is predicting a rate cut. We know inflation has come back into band … in all measures, and that is … welcome progress that has been made over the last two years and we know that has been hard for households.
The Reserve Bank will look at all the data, they will look at all the employment data, they will look at what is happening on the inflation front and they will make their decision.
Man dies after shooting in Sydney’s south-west
A crime scene has been established after a man was shot in Condell Park, Sydney, overnight.
About 10.30pm Monday, emergency services were called to a home on Dalton Street after reports a man had been shot, NSW police said.
Officers found a man in his 20s with a gunshot wound. He was treated by NSW Ambulance paramedics, but could not be revived and died at the scene.
Specialist forensic police will examine the crime scene. Police are appealing to anyone with information, dashcam or CCTV from the surrounding areas to contact Crime Stoppers on 1800 333 000.
‘Udderly devastated’: fibreglass cow stolen from Victorian business
A lifesize fibreglass cow called Betsy has been stolen from a business in Truganina.
Victorian police are appealing for witnesses after the theft at 1:20am Saturday 27 April this year.
They have been told three unknown offenders attended the business premises on Peterpaul Way in a Holden VE Commodore station wagon pulling a trailer. Two of them exited the Holden in balaclavas and dark clothing, and the third and a driver stayed in the vehicle.
The pair lifted Betsy into the back of the trailer before leaving the scene east along Schembri Drive, police said
“Betsy’s owners are udderly devastated.”
Betsy is red and white, life-sized, and estimated to be worth $3,500. Police have released an image and CCTV footage of Betsy in the hope someone knows of the statue’s whereabouts.
Rafqa Touma
Thanks to Martin Farrer for kicking off the live blog this morning. I’ll be keeping you posted from here – let’s go.
Flood warnings from the NSW SES this morning include:
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Advice to evacuate Gloucester Caravan Park by 6am due to rising flood waters,
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Advice to evacuate Ferndale Caravan Park due to flood waters,
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Advice to evacuate parts of Bulahdelah by 6am due to rising flood waters,
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Advice to evacuate parts of Dungog due to major flooding, and
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Advice to evacuate parts of Paterson due to major flooding.
There are more details on the Hazardwatch site.
NSW issues severe weather warning for mid-north coast
The NSW SES issued a severe weather warning early this morning for the mid-north coast, advising people to stay indoors due to heavy rainfall, intense rainfall and damaging winds.
The warning covers:
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Port Macquarie
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Taree
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Kempsey
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Barrington Tops
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Wingham
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Yarrowitch
The SES said 166mm of rain was recorded at Taree airport in the 6 hours to 3:30am, 130mm at Port Macquarie, 97mm at Mount Barrington and 90.4mm at Careys Peak (Barrington Tops).
There were 70km/h sustained winds at Norah Head at around 9:30 pm.
The Bureau of Meteorology says a coastal trough – currently positioned offshore from the southern mid north coast – is forecast to slowly track northwards into Tuesday, with heavy, locally intense rainfall and possible damaging winds expected over coastal and inland areas on the southern side of the trough. Damaging winds are likely to ease during Tuesday, while heavy, locally intense rainfall may continue into Wednesday.
The rain may lead to dangerous flash flooding and the damaging winds are expected to ease by the afternoon.
Residents are advised to move or stay indoors clear of windows, bringing children and pets with them. The SES said to reconsider unneccessary travel and to have an emergency kit and grab-and-go bag handy in case of loss of power.
Japanese firms ‘profiting from on-selling Australian LNG’, report claims
Japanese energy firms could be making upwards of $1 bn on-selling Australian liquefied natural gas to other countries at a time when domestic shortfalls loom, Australian Associated Press reports.
Australia is the top supplier to Japan’s third-party trade business, a new analysis suggests, making up roughly 40% of cargos with an estimated 600-800 petajoules on-sold via the intermediary.
The findings from the Institute for Energy Economics and Financial Analysis follow repeat warnings of domestic gas shortages as well as several interventions into Australian energy policy debate by Japanese figures.
IEEFA Australia’s chief executive, Amandine Denis-Ryan, said it was “quite extraordinary” for Australia to be running out of gas for domestic use – and considering importing it – while Japan resells “enormous volumes of our gas overseas for a profit”.
The energy analysts drew on shiptracking and contracts data to understand how much Australian LNG was being resold via Japan.
The upwards of 600PJ estimated annually surpasses the 511PJ used by eastern Australian markets last year.
Resales from both eastern and western Australia also eclipsed projected annual gas shortfalls in those regions. In addition, emerging nations were not the top customers of repackaged Australian LNG – two-thirds of on-sold Australian product was going to Taiwan and South Korea.
Good morning from overnight
Good morning and welcome to our live news blog. I’m Martin Farrer with the best of the overnight stories and then it’ll be Rafqa Touma to take charge.
It’s a big day for anyone with a mortgage with an overwhelming majority of economists expecting the Reserve Bank to cut the cash rate by a quarter point at its monthly monetary policy meeting. But the experts don’t all agree this is the most likely outcome. We’ll have it as soon as it happens at 2.30pm.
Victoria’s health system will receive an $11.1bn cash injection when the state budget is handed down this morning, with hospitals to receive more funding and pharmacists given greater powers to prescribe medications without the need for a GP visit. We’ll have all the details as soon as it happens.
Penny Wong, the foreign minister, will visit three Pacific island nations this week in her first standalone trip after Labor’s election win. Anthony Albanese, who is near the end of his first trip overseas trip since the election, will be in Singapore.
Also in politics: we’ll bring you all the latest from the counts in the few seats left uncalled – plus the tricky Coalition negotiations.
And there’s some wild weather north of Sydney, with strong winds in the Hunter and evacuation warnings for towns there and on the mid-north coast. We’ll have more details of that for you very soon
