Orica Chief Executive Sanjeev Gandhi analyses the company’s increased full-year profits. This week, explosives manufacturer Orica lifted its full-year profit by 77 per cent to about $525 million due to its customers paying more for higher-margined products. “We’ve got the best solutions in the industry and that’s why we see that earnings profile improve at Orica,” Mr Gandhi told Sky News Business Editor Ed Boyd.

Orica is one of the world's largest manufacturers of explosives and chemicals for the mining sector. This week, the company lifted its full-year profit by 77 per cent to about $525 million due to its customers paying more for higher-margined products. Orica Chief Executive Sanjeev Gandhi says business likes “certainty” and “policy clarity” which he believes will be achieved under a Donald Trump presidency.

NYU Stern School of Business Emeritus Professor Nouriel Roubini discusses how the “pro-business” Trump administration could grow the US economy and lower inflation. “We don’t know yet what his [Donald Trump] economic policies are going to be – some of them may lead to greater growth and lower inflation in the US and globally,” Mr Roubini said. “Being pro-business keeping the tax rate low, deregulation maybe increasing further production of energy in North America. “So, we don’t know yet on whether it’s going to follow policy that will lead to more growth and low inflation as opposed to stagflationary policies, that lead to lower growth and higher inflation – but there are more questions than answers for the time being.”

Doctor Doom, the famous economist Nouriel Roubini reveals how the new Trump Administration could impact the Australian economy. Plus, ASIC's Chairman on new allegations against CBUS and Orica's CEO on the cost of making explosives.

Sky News host Rita Panahi compares the United States and Australia's energy policies, stating Australia is going down a road of "financial ruin" despite the country's "enormous" deposits of coal, uranium and gas. "They [Americans] pay a lot less for electricity than we do despite the fact that we are sitting on enormous amounts of coal, uranium – enormous amounts of gas," Ms Panahi said. "We are absolutely going down a road of financial ruin, and it is deliberate and is crazy – even before the Trump administration takes over America's ahead of us."

Sky News contributor Teena McQueen has commended Tesla CEO Elon Musk as a “remarkable man”. “There’s hope everywhere, honestly, hope everywhere,” Ms McQueen told Sky News Australia. “He’s [Elon Musk] a remarkable man, and I have every confidence of his guidance with the president. “It’s just been wonderful.”

Sky News contributor Teena McQueen says the “whole of America” is “so excited” by Donald Trump’s victory in the US presidential election. “No one is concerned with the left now,” Ms McQueen told Sky News Australia. “We won; get over it.”

Sky News host James Morrow blasts the Democrats claiming Democrats only care about themselves and their “weird” campaign to “remake” society. “The re-election of Trump represents people waking up to the fact that for their talk of sharing and caring, Democrats really only care about themselves,” Mr Morrow said “And their weird, yes weird, campaign to remake society.”

Sky News host Jame Morrow has accused the Albanese government of “cooking the books” on its renewable-only energy plan costings. A new report has revealed the cost of building a renewable-only power grid is more than $500 billion higher than what the Albanese government has claimed. “Modelling by Frontier Economics has found that basically, Labor has cooked the books,” Mr Morrow said. “The whole cost of going to this full net zero is going to be, for the whole grid … is going to be $500 billion, half a trillion … more.”

Sky News host Rowan Dean has called Foreign Minister Penny Wong “disgusting and disgraceful” for voting against Australia’s ally Israel in a vote recognising ‘permanent sovereignty’ for Palestinians in occupied territory. “The Albanese government has been disgraceful disgusting the week, and that was with Penny Wong and Palestine’s sovereignty to the area of the West Bank – voting in the United Nations for something Australia has always stayed away from,” Mr Dean said. “Yet again, how many is this? Six, seven times, Penny Wong has stabbed Israel, a close ally of ours and stabbed the Jews of Australia in the back.”

Sky News host Rowan Dean says the Paris Agreement will be “utterly meaningless” when Donald Trump pulls out. “Donald Trump will pull out of the Paris Agreement,” Mr Dean said. “Therefore, the Paris Agreement is utterly meaningless. “Only fools and frauds are engaged in the Paris Agreement.”

Sky News host Rita Panahi says Prime Minister Anthony Albanese “winning the praises” of Beijing is “a worry”. The China Daily has praised the Albanese government’s approach to China, saying that other countries should look at the way the Australian government has managed China in recent years. “Handsome boy is winning the praises of Beijing,” Ms Panahi said. “That is a worry.”

Sky News host Rowan Dean has urged Opposition Leader Peter Dutton to make it an “absolute priority” to “pull out of the Paris Agreement”. “Donald Trump will pull out of the Paris Agreement,” Mr Dean said. “Therefore, the Paris Agreement is utterly meaningless. “Peter Dutton should make it an absolute priority going into the election that he will also pull out of the Paris Agreement.”

Warnings have been issued in Western Victoria as an out-of-control bushfire has spread. People in the area have been warned to leave now as conditions may worsen. The bushfire is travelling from Chapple Vale towards the Great Ocean Road.

US President-elect Donald Trump has selected Karoline Leavitt as his White House press secretary. Ms Leavitt served as the National Press Secretary for Trump’s 2024 presidential campaign and Assistant Press Secretary in his first administration. In a statement the President-elect wrote, “I have the utmost confidence she will excel at the podium, and help deliver our message to the American people as we, Make America Great Again.”

Former Labor Senator Fatima Payman has revealed she will be voting against the government’s misinformation bill. Ms Payaman, who since launched the Australia’s Voice Party, has joined other crossbenchers who are against the bill. She says Labor’s bill does not represent Australia’s values.

The Queensland Liberal National Party has claimed the party can win the next federal election by adapting US President-elect Donald Trump’s strategies. The Opposition will aim to draw on the Republican’s winning strategies in a bid to take Labor down next year. Shadow Assistant Minister to the Leader of the Opposition James McGrath pointed out the parallels between the LNP’s pathway to victory and Americans' belief that the government is not on their side.

United States President Joe Biden will meet Chinese President Xi Jinping in what is expected to be their final face-to-face meeting during the US President’s term in office. Attention is turning to how the relationship between the two nations will change when US President-elect Donald Trump returns to the White House in January. Mr Trump is talking about slapping tariffs on China.

The Mediterranean Island of Sicily is grappling with a worsening water crisis. The emergency is emphasising the urgency of global action on water security. The dam in Sicily only has the capacity now to serve five towns with residents only having limited access once every seven days. The region has suffered months of below-average rainfall, with the Italian government declaring a state of emergency.

Three people have died after a small plane crashed into a paddock before catching fire in Victoria's East Gippsland region. Emergency services were called to Hayfield-Upper Maffra Rd at Tinamba West shortly before 6pm. Authorities said the aircraft was circling the area before it crashed and set on fire. The pilot and two passengers, who are yet to be formally identified, died at the scene. The three passengers were the only occupants on-board. Police will prepare a report for the coronor.