Australia news live: Albanese names former News Corp executive as consul-general in New York

Australia ‘better placed than our peers’ despite a more ‘fragmented and divided world’, Chalmers says

Australia faces a more “fragmented and uncertain world” in the coming decades but key policy decisions will set future generations up well for the “AI revolution”, the treasurer, Jim Chalmers, says.

Chalmers will present the seventh intergenerational report (IGR) on Monday, detailing forecasts for the impact of new technologies on society and the economy, along with more warnings about the country’s aging population and declining fertility rates.

It comes as the prime minister, Anthony Albanese , meets with world leaders in the United States this week to discuss a “global framework” for the rollout of AI, urging the “big two giants” - the US and China - to work in the interest of humanity.