From The Daily Os. I'm Zara Seidler, I'm Emily Donahue. It's Wednesday, the seventh of January. Here's what's making headlines this evening.
Emergency level bushfires have ignited and residents are being urged to leave amid some of the worst heat wave conditions in years. The conditions may be the worst since the twenty nineteen twenty twenty summer bush fires that killed more than thirty people and burned through millions of hectares of land. At the time of recording, an emergency level fire is burning out of control on the New South Wales Victoria border at bunjal Grana and the lug Along east of
aubury Wodonga. Residents are being told to leave immediately before conditions become too dangerous.
The annual inflation rate decreased to three point four percent in November, according to the Australian Bureau of Statistics, with that figure coming down from three point eight percent previously. The trimmed mean fell from three point three percent three point two percent, though it still remains outside the Reserve
banks two to three percent target range. This is often seen as a more accurate figure to understand longer term changes as it excludes volatile price changes, including things like petrol. The next rate cut decision will be made by the RBA on the third of February.
Venezuela and the US have reached a deal to export up to two billion US dollars worth of Venezuelan oil to the country. In a social media post on Tuesday, President Donald Trump said Venezuela will be quote turning over between thirty and fifty million barrels of sanctioned oil to the US. Trump claimed the deal with divert supplies from
China while helping Venezuela avoid deeper oil production costs. Trump has previously said he wants interim Venezuelan president Delci Rodriguez to give the US and private companies quote total access to Venezuela's oil industry.
And the good news. The park's Elvis Festival has kicked off, with hundreds of Elvis fans gathering for the annual festival.
This year.
The theme of the festival is love Me Tender and Don't worry I won't sing it for you will all. But the festival does attract more than twenty five thousand Elvis lovers each year with Park's man Neil Westercott saying We're going to laugh at ourselves and each other and do it to the most incredible background of Elvis music.
That's the latest from the Daily oz newsroom. If you're looking for a little more news, you can catch up on this morning's deep dive into the cause for a Royal Commission into Anti Semitism.
We will of course be back with a lather deep dives tomorrow morning, but until then, have a great evening. My name is Lily Maddon and I'm a proud Arunda Bungelung Cargoton woman from Gadigl Country. The Daily oz acknowledges that this podcast is recorded on the lands of the Gadighl people and pays respect to all Aboriginal and Torres Strait Island and nations. We pay our respects to the first peoples of these countries, both past and present.