Australia news live: Virgin lifts airfares and cuts capacity due to Middle East conflict as Chalmers warns global economy in a ‘really dangerous time’

Virgin says it is offsetting ‘the impact from increased fuel and other operating costs’. Follow updates liveGet our breaking news email, free app or daily news podcastThe treasurer, Jim Chalmers, is speaking to RN Breakfast after the IMF warned of the potential for a global recession, including high inflation and elevated fuel prices through to 2027.He said the IMF was “really sounding the alarm here” about some of the potentially severe scenarios. He told RN:This is a really dangerous time for...