1. North Korea fires ballistic missile into sea ahead of visit by US VP Kamala Harris
North Korea fired a ballistic missile off its east coast on Sunday, ahead of military drills by South Korean and US forces and a visit by Kamala Harris.

Japan’s Defense Minister Yasukazu Hamada said the missile fell outside Japan’s exclusive economic zone and there were no reports of problems with shipping or air traffic.

The US Indo-pacific Command said it was aware of the launch and consulting closely with allies. (CNBC)

2. Zelenskyy on Putin’s threat of nuclear weapons: “I don’t think he’s bluffing”
Ukrainian President Volodymyr Zelenskyy said Russia’s threat of nuclear weapons use “could be a reality,” in an interview with CBS on Sunday.

“He wants to scare the whole world. These are the first steps of his nuclear blackmail. I don’t think he’s bluffing,” Zelenskyy said.

US National Security Advisor Jake Sullivan made clear that the United States is taking Putin’s nuclear threat seriously.

“We have communicated directly, privately, at very high levels to the Kremlin, that any use of nuclear weapons will be met with catastrophic consequences for Russia,” Sullivan said.

3. Bad day ahead for stock market
The local stock market is in for another bad day, largely driven by overseas threats from the UK and the US. Futures markets say our share market will open down 82 points (or 1.25%) and the stocks sell-off has come from the fear that recent interest rate rises by the US central bank could cause a recession in the States, while the big tax cuts in the UK to avoid a recession will pump up inflation, which is already 9.9%. All this negativity is bad for stock prices.

4. Fear drives Aussie dollar down
Economic fears have driven our dollar down to 65.3 US cents and this could force our Reserve Bank to keep on raising interest rates. Australia is a big exporting economy to the world. If the world’s big economies are going into recession, we sell fewer exports and the lower global demand for our goods and services drives down our dollar, which makes imports dearer, which then pushes up inflation so the Reserve Bank could raise interest rates to keep the dollar higher.

5. New rules for cyber security following Optus hacking
Following the hacking of Optus and the loss of millions of customers' personal details, our Cyber Security Minister is set to introduce new rules all businesses will have to follow. The AFR says Cybersecurity Minister Clare O’Neil this week will change regulations forcing businesses to alert banks quickly about breaches of customer data to limit the likelihood of money being fraudulently taken from their accounts. This hacking exercise was thought to have affected 9.8 million Optus customers but a hacker forum learnt it could be 11.2 million accounts affected.