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Missing father the second to be found dead in Queensland floods

A missing father-of-three has been found dead in Queensland floodwaters after his motorbike was located submerged in floods yesterday morning.

It's the second death in the south-east due to flash flooding in two days, with several more requiring rescue after periods of torrential rain.

It's believed Phil Lambert, 54, hadn't seen the rising floods when driving through Cedar Pocket in Gympie yesterday morning and was hit by a torrent of rushing water.

LIVE: Russia Ukraine crisis – Vladimir Putin authorises military operation in Ukraine

Mr Lambert's body was located a short distance from where he went missing, after extensive searches from the swift water rescue team, a rescue helicopter and emergency services.

His family was nearby when he was found.

Gympie yesterday received the state's heaviest amount of rainfall — around 300 mm of rain drenched the area, causing the nearby Mary River to swell.

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A helmet was found in the floodwaters of Gympie as the search for a missing motorbike rider continues.

Queensland Police Inspector Patrick Swindells have called the conditions that hit the region in Queensland's Wide Bay-Burnett district "horrific".

"It was a very large dump on water in a very small amount of time," he said.

On the nearby Sunshine Coast, a 63-year-old woman was found dead in her car, after it became submerged in floodwaters at Belli Park.

The Gold Coast was also hit, with heavy rain claiming parks and roads.

READ MORE: US warns full-scale invasion of Ukraine could be imminent

This freight train derailed at Traveston near Gympie. It was swept off the tracks by the raging floodwaters.

READ MORE: Farmer neck-deep in floodwaters after freak rain event

South-east Queensland is bracing for its second day of heavy rain, as a slow-moving trough sweeps across the state and into northern New South Wales today.

With more wet weather forecast for the South West, Darling Downs, Wide Bay Burnett, Sunshine Coast, Moreton, Gold Coast, Logan and Brisbane region, there are fears flood waters may continue to rise.

Queensland Police have issued renewed calls for residents to stay safe and to avoid dangerous floodwaters.

"Locally intense rainfall along with a damaging wind risk and embedded severe thunderstorm activity can result in extremely hazardous conditions on roadways," a police statement read.

"Trying to navigate these hazards, either in vehicles or on foot, can be extremely dangerous as water levels can rise and fall quickly."

Residents have been urged to avoid driving, and where necessary proceed with extreme caution and reduced speed.

"Parents are also reminded to ensure their children are not playing in flood prone waterways, watercourses and drains as water levels can rise quickly," the statement said.

A cracked road is seen in Gympie, in south-east Queensland. Cedar Pocket Road has been subject to extreme rain and flash flooding.QFES Deputy Commissioner Mark Roche said authorities are on high alert amid the extreme weather.

Queensland Fire and Emergency Service (QFES) Deputy Commissioner Mark Roche said crews have completed 240 SES tasks since 5am yesterday and 19 swift water rescues.

He urges residents to remain alert today, and to avoid floodwaters.

"Please don't be complacent at the moment, there are some areas that only are having light rain. We believe the rain is coming," he said.

"We've got quite a number of our SES volunteers prepped and ready to support where needed and also our swift water rescue crews, we've increased the numbers. We have them placed around the state.

"But we are saying to people they need to take responsibility as well."

Low lying roads on the Sunshine Coast turning into creeks after heavy downpours this morning. Swiftwater rescue crews have attended multiple incidents in south-east Queensland in the past 24 hrs.

Mr Roche said crews have completed 240 SES tasks since 5am yesterday and 19 swift water rescues.

Authorities are urging residents not to drive through floodwaters and to delay travel if need be.

More rain on the way

The Bureau of Meteorology (BoM) are urging residents in the two states to remain on alert as a slow moving trough moves across the east coast.

A severe weather warning is in place for northern NSW with people in the Northern Rivers and parts of Mid North Coast and Northern Tablelands Forecast Districts most affected.

"Heavy rainfall which may lead to flash flooding is expected to redevelop from the east tonight and extend inland over areas between Fraser Island, Kingaroy, Oakey and Stanthorpe during Thursday, and continue into Friday," the BoM wrote.

"Six-hourly rainfall totals between 80 and 120 mm are likely, reaching up to 180 mm over areas east of Gympie and Ipswich."

Forecast model comparison of predicted accumulated rainfall across Queensland and NSW between Thursday and Saturday.A swollen river is seen from the RACQ chopper during a flight over Gympie.

There are multiple flood warnings in place for both states.

The Tweed, Brunswick, Wilsons, Richmond, Orara, Bellinger and Nambucca Rivers are of the most concern in NSW.

In Queensland authorities are watching the Georgina River, Eyre Creek, the Mary River, Tinana and Six Mile Creeks and Stanley River.

Early this morning, the BoM also warned of a heavy thunderstorm moving through Emerald in the central highlands.

At this time, a severe thunderstorm warning was issued for damaging wind gusts and heavy rainfall.

Aussie share market wipes more than $70 billion

The Australian share market has lost more than $70 billion in a single day's trade after Russian President Vladimir Putin formally announced an invasion of Ukraine.

At the close of trade the benchmark S&P/ASX 200 was down 2.99 per cent or 215 points to 6990.6 points.

Over the past five days, the local market has lost more than four per cent of value and the current 12-month average is down 3.14 per cent.

READ MORE: Ukrainian official says Russia has launched a 'full-scale invasion'

Meanwhile, the price of oil and gold continue to explode as investors turn to what are traditionally dubbed "safe haven" assets.

Safe haven assets are those investors believe are not intimately connected to a particular nation's economy.

Following Mr Putin's announcement, the price of gold rocketed up 2.59 per cent to US$1947.

That's a high not seen since the middle of 2021.

READ MORE: CNN reporter hears loud explosions in Ukraine while live on air

Infamous cryptocurrency Bitcoin is continuing to slump.

Following Mr Putin's announcement, BTC plunged almost 8 per cent to a price of US$34,922 per coin.

Gold is not the only asset that is spiking following Russia's announcement.

The price of Brent Crude oil jumped past US$100 a barrel.

Brent Crude oil is named after the oilfield in the North Seas where it is extracted.

It is used to set the price of approximately two-thirds of the world's traded oil supplies and thus is typically used as a barometer for all other oil prices.

READ MORE: Biden condemns 'Russia's unprovoked and unjustified attack' on Ukraine

This satellite image provided by Maxar Technologies is showing parts of a military convoy moving south in and around Golovchino in Russia, which is 16 kilometres north of the border with Ukraine.

Typically the higher the price of oil grows, the more expensive fuel becomes.

Overseas, the Moscow Stock Exchange announced it will suspend all trading in all markets.

"Moscow Exchange has suspended trading on all of its markets until further notice," the bourse said in a short statement.

The MOEX has lost approximately 30 per cent of its total value in the past week.

The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

CNN reporter hears loud explosions in Ukraine while live on air

Explosions have been reported across Ukraine in the moments after Russian President Vladimir Putin announced "military action" would be conducted.

Russian military says it has targeted Ukrainian air bases and other military assets, but hasn't targeted populated areas, AP reported.

In Ukraine's capital, Kyiv, the dramatic moment CNN reporter Matthew Chance heard explosions was caught live on air.

"There are big explosions taking place in Kyiv right now," Chance said.

LIVE UPDATES: Ukraine Interior Ministry reporting invasion has begun

A CNN reporter has heard loud explosions in Ukraine's capital while live on air.A CNN reporter has heard loud explosions in Ukraine's capital while live on air.

"I can't see where they're taking place from this vantage point here… I can't explain where they are… I heard four or five explosions moments ago."

"It's a remarkable coincidence that I'm hearing these explosions in Kyiv right now just minutes after Vladimir Putin gave that speech."

Chance also claimed over the past few weeks he hasn't heard anything like the explosions and rumblings currently occurring in Kyiv.

In the studio the hosts asked: "Matthew, is it safe where you are?"

Chance then began to put on a bullet proof vest as explosions can be heard in the distance.

9News reporter Carrie Greenbank tweeted that she has woken to the sound of explosions.

READ MORE: Russia declares 'military action' in Ukraine

https://twitter.com/CGreenbank9/status/1496702952165490691?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1496702952165490691%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.9news.com.au%2Fnational%2Faustralia-breaking-news-today-live-russia-ukraine-updates-latest-coronavirus-probuild-headlines-february-24-2022%2F56e7926f-4e0b-4b9c-87db-a362e33ed12d

It's understood the explosions are being heard in the direction of the international airport.

Social media users reported hearing several explosions in the Boryspil area to the east of Kyiv, where the international airport is located about 25 kilometres from the city.

Kharkiv, Ukraine's second biggest city in the north east of the country, has also reported hearing a "steady stream of loud explosions."

Other cities including Kramatorsk, Dnipro, Mariupol, Odessa, and Zaporizhzhia have reported hearing explosions.

READ MORE: UN chief urges Putin to 'give peace a chance' in Ukraine

This satellite image provided by Maxar Technologies is showing parts of a military convoy moving south in and around Golovchino in Russia, which is 16 kilometres north of the border with Ukraine.

It comes as Mr Putin just announced Russia's military operation in eastern Ukraine after ongoing concerns of conflict.

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Biden condemns 'Russia's unprovoked and unjustified attack' on Ukraine

US President Joe Biden has condemned the "unprovoked and unjustified attack by Russian military forces" in a statement following explosions in Ukraine.

"President Putin has chosen a premeditated war that will bring a catastrophic loss of life and human suffering," Mr Biden said.

"Russia alone is responsible for the death and destruction this attack will bring, and the United States and its allies and partners will respond in a united and decisive way.

"The world will hold Russia accountable."

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US President Joe Biden condemned an "unprovoked and unjustified attack by Russian military forces" in a statement on Wednesday evening (local time) following explosions in Ukraine.

The White House statement came in response to explosions across Ukraine, including in the capital of Kyiv.

Shortly before the explosions began, Russian President Vladmir Putin announced a "special military operation" and called for Ukraine's "demilitarisation" in televised remarks.

An adviser for the Interior Minister of Ukraine, Anton Gerashchenko, said Russia's "invasion has begun" with "missile strikes on Kyiv," in an official WhatsApp group with journalists.

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Mr Biden said that he planned to speak to his G-7 counterparts and would give a speech to the US people tomorrow.

He said he intended to announce "further consequences" that the US and its allies planned to impose on Russia over "this needless act of aggression against Ukraine and global peace and security."

"We will also coordinate with our NATO Allies to ensure a strong, united response that deters any aggression against the Alliance," Mr Biden said.

READ MORE: Moment CNN reporter hears loud explosions in Ukraine while live on air

The UN Security Council held an emergency meeting today in New York that unfolded as Mr Putin's speech aired on Russian television and the explosions began in Ukraine.

Ukraine's Ambassador to the United Nations Volodymyr Yelchenko directly questioned Russia's representative in his speech.

"About 48 minutes ago, your president declared war on Ukraine," Mr Yelchenko said.

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"You declared the war. It is the responsibility of this body to stop the war."

US Ambassador to the UN Linda Thomas-Greenfield spoke for a second time at the end of the UN meeting, stating Mr Putin had "delivered a message of war" while the Security Council was meeting.

She said the US would introduce a resolution in the UN tomorrow.

"At the exact time as we are gathered in the Council seeking peace, President Putin delivered a message of war in total disdain for the responsibility of this council," Ms Thomas-Greenfield said.

READ MORE: UN chief urges Putin to 'give peace a chance' in Ukraine