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The Guardian - AU
The Guardian - AU
National
Caitlin Cassidy, Krishani Dhanji and Mostafa Rachwani

Star shares plunge to all-time low; hundreds of dead mackerel off WA coast – as it happened

The Queen’s Wharf precinct and Star casino in Brisbane
The Queen’s Wharf precinct and Star casino in Brisbane. Photograph: Darren England/AAP

What we learned today, Friday 10 January

With that, we will wrap the blog for the day. Enjoy your evenings and stay safe and dry out there, east coasters.

Here were the major developments of the day:

  • Rain, severe thunderstorms and possible flooding is forecast for much of east coast this weekend, including areas around Sydney and parts of Queensland.

  • Labor Friends of Palestine says party members and the broader community “hold deep concerns” about an upcoming week-long trip by the attorney general, Mark Dreyfus, to Israel, urging the federal government to “clarify the purpose” of his visit.

  • Shares in Star Entertainment plunged by more than 19% to an all-time low of 10.5 cents on Friday, building on the 20% decline suffered on Thursday, after a state government shut down talk of a lifeline.

  • The 23-year-old hiker who was lost in the NSW Snowy Mountains for 13 days has been discharged from Cooma hospital.

  • And ANZ has brought forward its forecast for the first rate cut to take place in February, while maintaining borrowers will see only two rate cuts in the coming cycle. It comes as a new report from the competition watchdog estimates retail gas prices are beginning to ease but structural shortfalls in supply could emerge from 2027.

Updated

Man charged with torture and murder after Queensland death

A 31-year-old has been charged with murder, torture and kidnapping following the death of a 52-year-old man earlier this week.

Queensland police allege the man was assaulted near Rudyard Street in Inala about 6.30pm last Sunday. Several hours later, police were called to Logan hospital after the man presented with significant head injuries.

He transported to a specialist care facility but died from his injuries on Tuesday.

The 31-year-old Birkdale man was arrested at a residence in Griffin this morning. Police further allege the two men were known to each other.

He has been charged with one count each of murder, grievous bodily harm, armed robbery and two counts each of torture and kidnapping.

He is due to appear before Brisbane magistrates court on Saturday.

Updated

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