A helicopter carrying Iranian President Ebrahim Raisi and his foreign minister reportedly crashed in heavy fog near the border with Azerbaijan.

Australian ace Oscar Piastri finished fourth for McLaren after being demoted on the grid.

Essential workers including police and nurses have been offered 10.5 per cent over the next three years, which the Minns government argues outpaces forecast inflation.

Danish renewable energy giant Orsted says Australia’s first offshore wind farm deals must contain protections against inflationary shocks as the sector reels from soaring costs.

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