Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how life priorities can change after a brush with death. Hosted by Frances Cook. There are moments that really…

Peruvian officials say a fire truck that collided with a LATAM Airlines plane on a runway at Lima's international airport was taking part in a nearby fire drill and entered the runway without authorisation.

Flight LA2213, operated with an Airbus A320neo, was taking off from Lima's airport for the city of Juliaca in southern Peru on Friday when the truck entered the runway and collied with a wing of the plane.

Part of the plane caught fire, but none of the crew or passengers were injured.

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However, two airport firefighters in the truck were killed and a third was injured.

The firefighters were participating in a disaster-response exercise, officials said in a news conference.

They said the drill was part of the preparations for a new runway, scheduled to be ready next January.

"In the audios that we have, there was clearly no authorisation for any vehicle to enter the runway," said Jorge Salinas, president of the country's aeronautical agency, Corpac.

"This case was a runway incursion. We do not know why it happened, if the cause was human, mechanical or of nature? That is being investigated. Let's not speculate."

Lima's Jorge Chavez International Airport had been scheduled to resume operations at midday on Saturday but extended the suspension of operations until midnight on Sunday.

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The Prosecutor's Office is also investigating the accident.

There were 102 passengers and six crew members aboard the Airbus A320neo.

LATAM Airlines has said it lamented the death of the firefighters and would provide flexibility to reprogram flights to affected passengers at no extra cost.

But it said it did not know why the fire truck was on the runway.

"No emergency was reported on the flight. It was a flight that was in optimal conditions to take off, it had authorisation to take off and it encountered a truck on the runway and we don't know what the truck was doing there," Manuel van Oordt, general manager of LATAM Airlines Peru, said.

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The tens of thousands of young people travelling to the Gold Coast and other parts of Australia for the opening week of Schoolies today are being urged to stay safe and look out for their mates.

About 20,000 young people are descending on the Gold Coast this weekend for the annual "right of passage".

Queensland Police Commissioner Katarina Carroll said there would be more police officers deployed to the city this week.

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She urged people to celebrate and have fun but be mindful of staying safe.

"The police are here to keep everyone safe," she said.

"I would encourage young people to strike up conversations with the crews at Schoolies this week.

"We are here to support school leavers, and would encourage them to visit the integrated health and wellbeing space if they require any emergency medical services and assistance, including access to specialist mental health support."

Police will conduct random wanding (a handheld device) for concealed weapons within the Safe Night Precinct, while governing bodies will conduct venue checks for underage and fake IDs.

Queensland Police Minister Mark Ryan said those celebrating the end of their schooling should stay vigilant and watch out for each other.

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"Graduating school is a momentous occasion, and celebrating at Schoolies has become a rite of passage for many," Ryan said.

"It is imperative, however, that young people celebrate responsibly, and importantly, that they know who to contact for help.

"I urge all young people to look out for their mates, stick together, and check in on one another. Take note of your surroundings and take care while on high-rise balconies.

"Charge your phones, plan ahead and check in with your loved ones back home.

"And remember – no one likes a 'Toolie'. Leave this week to the young people who have worked hard and deserve to celebrate their accomplishments responsibly."

Police are continuing to piece together the final movements of a young father who was left at a Sydney hospital suffering a fatal stab wound.

Detectives said Justin Hennings, 25, arrived at Campbelltown Hospital, in the city's west, about 9pm last night with a stab wound to his torso.

Police said he had been driven to the hospital by someone and dropped off at the emergency department.

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The father of one died shortly after due to his injuries.

Police have searched the hospital for clues, and have spoken to the owner of the car that was seen dropping Hennings off.

Detectives have also set up a special strike force to investigate the circumstances surrounding his death.

Anyone with information that may assist Strike Force Taralye investigators is urged to contact Crime Stoppers on 1800 333 000.

Second stabbing in Sydney

Meanwhile, a 15-year-old was rushed to hospital in Sydney's north-west after being found with a stab wound.

Emergency services were called to Fred Caterson Reserve, on Caterson Drive at Castle Hill, at 2.50pm where they found the teenager.

His condition isn't known and NSW Police said they are investigating.

Prime Minister Anthony Albanese faces a crucial week ahead in domestic politics after he returned home from a nine days overseas attending international summits, which included meeting Chinese President Xi Jinping.

A the top of the federal government's agenda in coming days is an overhaul of industrial relations laws it wants to push through in the final two weeks of parliament.

The bill moved quickly through the House of Representatives and now Labor wants it to pass through the Senate by the end of the year.

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But the government needs to convince key crossbench senators – including former Wallabies star David Pocock – to support it.

Albanese said today he will consider pushing back the summer parliamentary break to allow more time to strike a deal over the industrial relations legislation.

The contentious issue is a plan to allow 'multi employer bargaining' – which could give unions a greater say over pay negotiations.

Business groups argue the complex laws may not lead to higher wages, but instead cause job losses.

Albanese has spent the past week at various international summits visiting three South-East Asian countries and meeting world leaders and progressing trade deals.

Despite a "positive" meeting with the Chinese President, Albanese told Nine's political editor Charles Croucher he won't be getting ahead of himself when it comes to any future visits to China.

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"We've had no contact between the leaders since 2016. So having a meeting in itself is a positive thing, it follows engagement between our defence ministers, between our foreign ministers," he told Croucher.

"There of course remains a range of issues which are outstanding, but I'm positive that we can work through in the interests of both Australia but also in the interests of China."

The meeting with Xi was held on the sidelines of the G20 summit in Bali and was the first meeting between an Australian leader and Chinese president in six years.

Albanese said the relationship was "moving in the right direction".

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"I take very much at face value President Xi's comments which were constructive about improving the relationship and stabilising the relationship between Australia and China," he said.

"I do so because it is in China's interests, just as it's in Australia's interests to export our wine, our meat, our seafood, our mineral resources, it's in China's interests to receive them. We have good quality products.

"So Australia's economy, of course, we know that China is our largest trading partner."

A climber has been killed by a falling rock in the Blue Mountains, west of Sydney.

Emergency crews are carrying out a dangerous mission to retrieve the body of the man, thought to be in his 30s, on a cliff face in Leura.

The man was climbing with a friend off Sublime Point road about noon on Sunday.

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His friend managed to call for help but strong winds are hampering rescue efforts by paramedics and police.

A report will be prepared for the coroner.

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Neighbours have saved a man after spotting him hanging from the window of his burning apartment in Melbourne.

After hearing screaming and shouts of "help me, help me", at 7.30am on Sunday, residents in Raglan Place, South Melbourne, ran out to help.

They found an abandoned mattress, which they pushed under the window so the stricken man could jump to safety.

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Martin Goggons said the neighbours saw the man dangling from the top level of the building.

"We ran around the back and there was a mattress there," he told 9News.

"We grabbed the mattress and pulled it out.

"After a few minutes he jumped onto it."

The man is in a critical but stable condition with a broken leg after the fire.

He also suffered burns.

Firefighters also rescued a man in his 40s from inside the building.

He's in a serious but stable condition after suffering smoke inhalation

It's thought the fire started in a kitchen.

Almost all of Victoria is under an extreme weather warning as wild conditions continue to sweep across the country.

Parts of New South Wales are today facing two weather extremes, with fire and flood warnings both in place.

Meanwhile Victoria and South Australia are bracing for a day of damaging winds, showers and thunderstorms.

A severe weather warning issued by the Bureau of Meteorology (BoM) sees Victoria covered by a yellow swathe. 

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https://twitter.com/BOM_Vic/status/1594119193468747776

"Westerly winds averaging 40-60km/h with gusts to 100km/h are possible over western districts of Victoria, extending eastwards during the day," it wrote.

"The risk is highest near the coast and over elevated terrain. Squally showers and thunderstorms are also possible with locally damaging gusts."

It comes after festival-goers in Melbourne were left covered in mud after storms and heavy rain.

A Day on the Green was held at Mt Duneed Estate on Saturday despite heavy rain, leaving hundreds of cars bogged.

Some revellers had to sleep in their cars.

Fire and floods: A day of two extremes in NSW 

Meanwhile, parts of Sydney will climb to 29C today with gusts of hot westerlies up to 50km/h due to sweep through.

That's prompted the Rural Fire Service (RFS) to implement a high fire danger warning, stretching from the Blue Mountains, to the Northern Beaches.

A severe weather warning for damaging winds is also in place for the north and south coast. 

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It comes as parts of the state are inundated by floodwater, with Forbes and Eugowra grappling with flooding.

NSW SES has more than 100 flood warnings in place across the state.

Overnight, storms and flash flooding inundated and damaged homes in Wentworth, with the NSW State Emergency Service (SES) receiving 255 requests for assistance.

The SES said two houses had their roofs blown off in the storm.

Another cold front and associated westerly airstream is expected to cross southern and eastern parts of South Australia today, with falls of 15mm expected.

Overnight storms knocked out power for thousands of residents in the state.

Elon Musk's decision to restore former US president Donald Trump's account on Twitter has drawn mixed reactions from American politicians and users of the popular social media platform.

Musk reinstated Trump's account on Twitter on Saturday (US time), reversing a ban that has kept the former president off the social media site since a pro-Trump mob attacked the US Capitol on January 6, 2021, as Congress was poised to certify Joe Biden's election victory.

Musk made the announcement in the evening after holding a poll that asked Twitter users to click "yes" or "no" on whether Trump's account should be restored.

The "yes" vote won, with 51.2 per cent.

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But within minutes of Musk announcing the Trump ban was reversed, Republican and Democrat politicians in the US offered their views on Twitter.

Some Democrats and a handful of Republicans slammed Musk's decision.

"I'm disgusted," Senator Jeff Merkley, from Oregon, wrote.

https://twitter.com/SenJeffMerkley/status/1594141391696838657?ref_src=twsrc%5Etfw

Democrat Rep. Bill Pascrell, of New Jersey, called on Twitter users to remember the January 6, 2021, riots.

"682 days ago insurrectionists ransacked the US Capitol and hours later 68 per cent of House republicans voted to finish the rioters' job and make trump a dictator," Pascrell wrote.

"Never forget it."

And Rep. Liz Cheney, the Republican who has stridently opposed Trump, urged people to watch the January 6 hearing in Congress.

"With Trump back on Twitter, it's a good time to watch this Jan 6 hearing. It covers each of Trump's tweets that day, including those that have been deleted, and features multiple Trump WH staff describing his inexcusable conduct during the violence," Cheney wrote on Twitter.

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But some of Trump's Republican allies welcomed him back on Twitter.

"Welcome back, @realDonaldTrump!" an account for Republicans on the House Judiciary Committee wrote on Twitter.

Republican Rep. Troy Nehls, of Texas, wrote on Twitter: "2023 is going to be great. 2024 will be better."

Arizona Republican Rep. Paul Gosar welcomed Trump back to the platform, writing: "He's back."

https://twitter.com/RepTroyNehls/status/1594140506589642752?ref_src=twsrc%5Etfw

And Republican Rep. Marjorie Taylor Greene declared he should have "never been banned in the first place".

Many Twitter user said they were abhored by the decision to reactivate Trump's account and even said they would leave Twitter.

"Horror show .. I'm out," another person tweeted.

"Then I am done with Twitter. More people voted against him for president. Do the math," another said.

Trump's reinstatement came at the end of a stormy week for Twitter.

https://twitter.com/JuddLegum/status/1594137246839361536?ref_src=twsrc%5Etfw

The company is running on a skeleton staff, after Musk fired half the workforce just days after buying the company.

Then hundreds more quit later in the week after a Musk ultimatum that staff either commit to "hardcore" working practices or resign.

It is not clear whether Trump would actually return to Twitter.

An irrepressible tweeter before he was banned, Trump has said in the past that he would not rejoin even if his account was reinstated.

He has been relying on his own, much smaller social media site, Truth Social, which he launched after being blocked from Twitter.

The prospect of restoring Trump's presence to the platform follows Musk's purchase last month of Twitter — an acquisition that has fanned widespread concern that the billionaire owner will allow purveyors of lies and misinformation to flourish on the site.

Musk has frequently expressed his belief that Twitter had become too restrictive of freewheeling speech.

– Reported with Associated Press

Negotiators early on Sunday approved a historic deal that would create a fund for compensating poor nations that are victims of extreme weather worsened by rich countries’ carbon pollution.

But an overall larger agreement still was up in the air because of a fight over emission reduction efforts.

After the decision on the fund was approved, talks were put on hold for 30 minutes so delegates could read texts of other measures they were to vote on.

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The decision establishes a fund for what negotiators call loss and damage.

It is a big win for poorer nations which have long called for cash – sometimes viewed as reparations –because they are often the victims of climate worsened floods, droughts, heat waves, famines and storms despite having contributed little to the pollution that heats up the globe.

It is also long been called an issue of "climate justice".

“This is how a 30-year-old journey of ours has finally, we hope, found fruition today,” said Pakistan Climate Minister Sherry Rehman, who often took the lead for the world’s poorest nations.

One-third of her nation was submerged this summer by a devastating flood and she and other officials used the motto: “What went on in Pakistan will not stay in Pakistan.”

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Maldives Environment Minister Aminath Shauna told The AP on Saturday "that means for countries like ours we will have the mosaic of solutions that we have been advocating for.”

Outside experts hailed the decision as historic.

“This loss and damage fund will be a lifeline for poor families whose houses are destroyed, farmers whose fields are ruined, and islanders forced from their ancestral homes,” said Ani Dasgupta, president of the environmental think tank World Resources Institute, minutes after the early morning approval.

“This positive outcome from COP27 is an important step toward rebuilding trust with vulnerable countries.”

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It’s a reflection of what can be done when the poorest nations remain unified, said Alex Scott, a climate diplomacy expert at the think tank E3G.

“I think this is huge to have governments coming together to actually work out at least the first step of … how to deal with the issue of loss and damage,” Scott said.

But like all climate financials, it is one thing to create a fund, it’s another to get money flowing in and out, she said.

The developed world still has not kept its 2009 pledge to spend US$100 billion a year in other climate aid — designed to help poor nations develop green energy and adapt to future warming.

The agreement “offers hope to the vulnerable people that they will get help to recover from climate disasters and rebuild their lives,” said Harjeet Singh, head of global political strategy at Climate Action Network International.

“Loss and damage is a way of both recognising past harm and compensating for that past harm,” said Dartmouth climate scientist Justin Mankin, who calculated dollar amounts for each country’s warming. “These harms are scientifically identifiable."

“In many ways we’re talking about reparations,” said University of Maryland environmental health and justice professor Sacoby Wilson. “It’s an appropriate term to use” he said, because the rich northern countries got the benefits of fossil fuels, while the poorer global south gets the damage in floods, droughts, climate refugees and hunger.

The Egyptian presidency, which had been under criticism by all sides, proposed a new loss and damage deal Saturday afternoon and within a couple hours an agreement was struck, but Norway’s negotiator said it was not so much the Egyptians but countries working together.

Germany climate envoy Jennifer Morgan and Chilean Environment Minister Maisa Rojas, who shepherded the deal on to the agenda and to the finish line, hugged each other after passage, posed for a photo and said “yeah, we made it!"

According to the agreement, the fund would initially draw on contributions from developed countries and other private and public sources such as international financial institutions.

While major emerging economies such as China would not initially be required to contribute, that option remains on the table and will be negotiated over the coming years.

This is a key demand by the European Union and the United States, who argue that China and other large polluters currently classified as developing countries have the financial clout and responsibility to pay their way.

The fund would be largely aimed at the most vulnerable nations, though there would be room for middle-income countries that are severely battered by climate disasters to get aid.

Bleary-eyed rumpled delegations began to fill the plenary room 4:00 am local time Sunday without seeing the overarching cover decision.

Going into the final session, battle lines were drawn over India’s request to change last year’s agreement that called for a phase down of “unabated coal” to include a phase down of oil and natural gas, two other fossil fuels that produce heat-trapping gases.

While European nations and others keep pushing for that language, Saudi Arabia, Russia and Nigeria have been insistent on keeping it out.

“We are extremely on overtime. There were some good spirits earlier today. I think more people are more frustrated about the lack of progress," Norwegian climate change minister Espen Barth Eide told The Associated Press.

He said it came down to getting tougher on fossil fuel emissions and retaining the goal of limiting warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times as was agreed in last year's climate summit in Glasgow.

“Some of us are trying to say that we actually have to keep global warming under 1.5 degrees and that requires some action. We have to reduce our use of fossil fuels, for instance,” Eide said.

“But there’s a very strong fossil fuel lobby … trying to block any language that we produce. So that’s quite clear.”

There was strong concern among both developed and developing countries about proposals on cutting greenhouse gas emissions, known as mitigation. Officials said the language put forward by Egypt backtracked on some of the commitments made at last year's UN climate conference in Glasgow aimed at keeping alive the target of limiting global warming to 1.5 degrees Celsius since pre-industrial times.

The world has already warmed 1.1 degrees Celsius since the mid 19th century.

Some of the Egyptian language on mitigation seemingly reverted to the 2015 Paris agreement, which was before scientists knew how crucial the 1.5 degree threshold was and heavily mentioned a weaker 2-degree Celsius goal, which is why scientists and Europeans are afraid of backtracking, said climate scientist Maarten van Aalst of the Red Cross Red Crescent Climate Centre.

Ireland’s Minister for the Environment Eamon Ryan said: “We need to get a deal on 1.5 degrees. We need strong wording on mitigation and that’s what we’re going to push.”