Australia news live: Albanese defends social media crackdown against White House criticism; Qantas confirms direct Sydney-NY flights

Australia's Prime Minister Anthony Albanese defended the country's social media crackdown against criticism from the White House. This move is significant for markets as it may indicate a shift in Australia's stance on online regulation, potentially impacting tech stocks and investor confidence. The development also overshadowed Qantas' confirmation of direct Sydney-New York flights, which could have a positive impact on the airline and tourism industries.

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The story is about a political development in Australia. It does not have a clear market implication.

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