A judge has found West Australian Premier Mark McGowan and billionaire Clive Palmer defamed each other, describing their trial as a waste of the Federal Court's resources.

Geelong defender Jake Kolodjashnij has thrown his support behind Tasmania's bid for an AFL club, saying the thirst is there for a team to thrive.

The Reserve Bank has lifted the official cash rate by 50 basis points to 1.85 per cent - its highest level in more than six years.

It's not a shock, but it will sting.That's the verdict from Treasurer Jim Chalmers on the Reserve Bank board's decision to hike the cash rate by 50 basis points to 1.85 per cent - its highest level in more than six years.

The US has killed al-Qaeda leader Ayman al-Zawahiri in a "precision" strike in the centre of the Afghanistan capital Kabul, President Joe Biden says, the biggest blow to the militant group since its founder Osama bin Laden was killed in 2011.

The great Australian dream of home ownership is being realised by fewer young people than it was half a century ago.

A man accused of involvement in an Australia Day road rage shooting that left a Gold Coast father-of-two dead more than 13 years ago has been released on bail.

The federal government will extend the life of the so-called gas trigger until January 2030 as it seeks to shore up supply for the domestic market following the release of a "damning" report.

Prime Minister Anthony Albanese has attempted to play down recent polling which showed the government was off to a strong start in office.

A Queensland mayor who returned a blood alcohol test of more than three times the legal limit has been ordered to do community service after watching graphic footage of crashes.