How is the economy coping with global talk of further rising interest rates?

Australian auction clearance rates continue to drop in major cities, RBA tipped to raise interest rates by 0.4% tomorrow, Ukraine lose to Wales 1-0 in World Cup qualifier, and MORE.

Labor to consider all options in alleviating prices from gas shortage crisis, CHESS system to be revamped under new ASX boss, Elon Musk tells Tesla workers to come to the office or resign, and MORE.

Wall St shakeout stems from recession talks, Australia's 0.8% economic growth number positive considering the circumstances, lithium stocks take a battering, and MORE.

China doubles down on Covid Zero policy, superfund managers warn about moving to cash in market downturns, key Socceroos player Tom Rogic pulls out of upcoming World Cup qualifier, and MORE.

ALP wins majority government, WHO points to window of opportunity to stop monkeypox outbreak, Mike Cannon-Brookes successfully stops AGL demerger and demands climate action, + MORE.

Here's a look at the latest market updates and what to watch over the next week.

NSW to ban single-use plastic bags this week, latest economic growth numbers released on Wednesday, Mike Cannon-Brookes appears successful in attempts to block AGL demerger, and MORE.

NAB to roll out BNPL service, US takes aim at Beijing in shaping its "strategic environment", Putin attempts to barter sanctions by facilitating exports, and MORE.

Power bills set to skyrocket, Russia says it will open two sea corridors to improve food exports from Ukraine, Peter Dutton assumes Liberal leadership role, and MORE.

PM Albanese tells China to lift tariffs on Australian exports, North Korea reportedly launches missile into Japanese waters, calls for stock market bottom crushed by latest tech sell-off, and MORE.

New PM steps up to first Quad meeting in Tokyo, no more plastic bags from June 1, Melbourne as host of swimming world championships & more!