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Economic growth in Australia has slowed to its lowest annual rate outside the pandemic since the early 1990s recession, with the increase sustained almost entirely by record levels of government spending.

NSW’s largest electricity power station will not return to full capacity until the end of the week after it suffered a further maintenance issue, a delay that heightens the alarm at the capacity of Australia’s energy grid to deal with a return to hot weather.

Nicola Forrest has committed $100m from her and estranged husband Andrew’s Minderoo Foundation toward a new unlisted philanthropic investment fund which has an all-women group of stock pickers.