In today’s news, Australia’s sharemarket makes a comeback, Labor says it will nominate Adelaide to host COP31, and Macquarie’s Viktor Shvets fears a “Lehman Brothers moment” amid fresh tariff chaos.

A group of 13-year-old boys who were verbally abused and had their belongings thrown around by adults in a foul-mouthed tirade for fishing in an Adelaide lake have had the last laugh.