From Prime Minister Anthony Albanese receiving an invitation from the Ukrainian president to a global increase in COVID-19 deaths, and banks across Europe raising interest rates, here's what's making news around the world:
, fuelled by the pandemic and war in Ukraine.
In the UK, the Bank of England raised the interest rate from 1 per cent to 1.25 per cent, the fifth consecutive rise, pushing them to the highest rate in 13 years. The moves come just a day after the European Central Bank agreed to plans in an emergency meeting to contain borrowing costs in the bloc's south so it could raise rates in both July and September.After five weeks of declining COVID-19 deaths, the number of fatalities reported globally increased by 4 per cent last week.
This comes as coronavirus cases have continued to fall since the peak in January, with about 3.2 million new cases reported last week.
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Volodymyr Zelenskyy invites Anthony Albanese to visit UkraineThe Australian prime minister is travelling to Madrid at the end of June for a NATO summit, which opens the way to take up the invitation to travel to Kyiv.
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Albanese to meet manufacturers as gas crisis continuesPrime Minister Anthony Albanese and Energy Minister Chris Bowen will meet industry and manufacturing representatives on Thursday as the energy crisis gripping the east coast shows no sign of abating.
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Russia bans 121 Aussies from entering Moscow over 'Russophobic agenda'Russia's Foreign Ministry has announced it has banned 121 high-profile Australians from entering Moscow in response to Canberra's sanctions as one person on the list slams the 'Russophobic agenda' claims as a 'lie'. SEE THE FULL LIST.
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Health and energy to dominate Albanese's first national cabinetHealth, the energy crisis and even the make up of the body itself will be high on the agenda as Prime Minister Anthony Albanese chairs his first national cabinet meeting on Friday.
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'Do the right thing': Albanese's warning after energy market suspensionThe Prime Minister has issued a warning amid the energy crunch with households and even hospitals told to conserve power as the market operator was forced to suspend the electricity market across Australia for the first time since its creation.
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