Good morning. First-home buyers are disappearing from the market despite prices coming down, new data shows. The NSW government has issued a dramatic ultimatum in the ongoing train worker industrial action. And a Russian oil executive has died months after his company criticised the invasion of Ukraine.
The NSW government says it will seek to terminate the enterprise agreement of thousands of rail workers and scrap a deal to modify a multibillion-dollar fleet of trains unless the union agrees to end all industrial action by 5pm Friday. In a dramatic step that could set the stage for a prolonged court battle, the government wrote to the head of the Rail, Tram and Bus Union, Alex Claassens, and threatened to file an application with the Fair Work Commission to terminate the agreement.
