Australia to recognise Palestine; JB Hi-Fi boss quits; lithium soars

Tuesday 12 August 2025

Prime Minister Anthony Albanese announces plans to recognise a Palestinian state, putting Australia at odds with the US over the issue.

And more, including:

• JB HiFi’s CEO calls it quits
• Lithium stocks surge, pushing the local sharemarket higher ahead of the RBA’s rate call today
• The government takes its first steps towards universal childcare 
• Australia’s snow tourism sector is seeing a flurry of renewed optimism

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