Cyclone Alfred downgraded as millions of Australians stay indoors

Cyclone Alfred downgraded as millions of Australians stay indoors


Residents walk along the damaged foreshore of Nobby’s Beach located on the southern end of the Gold Coast on March 7, 2025.

David Gray | Afp | Getty Images

Ex-tropical cyclone Alfred lingered off the south-east Australian coast on Saturday and forecasters said Brisbane is likely to miss the worst of the storm, a relief for millions of residents in the region who have been staying indoors.

Alfred, now downgraded to a ‘tropical low’, crossed the islands off the coast of Queensland overnight, and is heading towards the mainland in the coming hours, the Bureau of Meteorology has said.

Thousands have been evacuated and local media reported that about a quarter of a million people are facing power outages as violent winds toppled power lines. No deaths have been reported but authorities have urged residents to stay indoors and warned of worse to come.

“The impacts are already being felt, and there is worse to come in the hours ahead,” Prime Minister Anthony Albanese said in a news conference from the National Situation Room in Canberra.

“Its impact will be serious and will intensify over coming hours and indeed over the coming days, it will still bring strong winds, heavy rain, flooding and dangerous conditions across South East Queensland and North East, New South Wales over this weekend and in the days beyond,” he said.

Brisbane and the Gold Coast will be hit with heavy rain today, while the northern New South Wales city of Lismore, among the worst impacted by record floods over the years, has already begun flooding.

Brisbane Airport remains shut and the city has suspended public transport.

More than 1,000 schools in southeast Queensland and 280 in northern New South Wales have been closed.

Police cordons are displayed to stop traffic after power lines fell across a road in Coorparoo in Brisbane on March 8, 2025, as cyclone Alfred crossed the southeast Queensland coast.

Patrick Hamilton | Afp | Getty Images

Videos posted on social media and local news networks show some flooding, fallen trees, damaged homes and waves crashing in on the beaches.

Officials have described Alfred as a “very rare event” for Brisbane, the capital of Queensland, which was last hit by a cyclone more than half a century ago in 1974. The city of about 2.7 million had near misses from cyclones in 1990 and 2019.



Source

Rare earth miners jump as Trump is reportedly eyeing mineral stockpile to reduce China dependence
World

Rare earth miners jump as Trump is reportedly eyeing mineral stockpile to reduce China dependence

U.S. President Donald Trump delivers remarks before signing an executive order in the Oval Office of the White House on Jan. 30, 2026 in Washington, DC. Alex Wong | Getty Images Shares of U.S.-listed rare earth miners jumped Monday after news that President Donald Trump is preparing a sweeping plan to build a strategic stockpile […]

Read More
Treasury yields are little changed as investors weigh Fed leadership uncertainty
World

Treasury yields are little changed as investors weigh Fed leadership uncertainty

Traders work at the New York Stock Exchange on Jan. 27, 2026. NYSE U.S. Treasury yields were little changed on Monday as market watchers continued to weigh the impact of President Donald Trump naming Kevin Warsh as his pick to be the next Federal Reserve chair. The 10-year Treasury yield fell less than 1 basis point […]

Read More
Buy the dip on this design software stock as AI drives growth, says JPMorgan
World

Buy the dip on this design software stock as AI drives growth, says JPMorgan

JPMorgan believes that accelerating cloud adoption and artificial intelligence integration could boost shares of Autodesk . The bank upgraded the design software maker to overweight from neutral. JPMorgan’s newly established target price of $319 implies that shares of Autodesk could rise 26% from here. Analyst Alexei Gogolev applauded Autodesk’s modern technology stack, calling it the […]

Read More