The news moves fast and so do we.

The Quicky is Mamamia's daily news podcast, getting you up to speed on all the latest news in a quick, digestible format.

Here are your headlines for today.

Fuel excise to be extended. 

Motorists will benefit as a cut to fuel taxes is extended for another month, although at half the previous discount.

Prime Minister Anthony Albanese announced a scaled-back extension of the fuel excise reduction, meaning petrol and diesel will be 16 cents per litre cheaper in July than they would be without the discount.

Watch: The Tasmanian devil found after a two-week search. Post continues below.

The current saving at the bowser is 32 cents per litre, brought into effect three months earlier in response to the conflict in the Middle East, which sent global oil prices surging due to the de facto closure of key shipping channel, the Strait of Hormuz.

The full discount will end after June 30, having cost the federal budget an estimated $2.9 billion in lost revenue.

Australia currently has 44 days' worth of petrol in reserve, or about eight days more than when the US first bombed Iran in late February. Diesel stocks are running at 39 days and jet fuel at 32 days.

Liberal party clamour to keep members from defecting to One Nation. 

Opposition Leader Angus Taylor has pledged to democratise the Liberal Party, saying he understands members' frustration as they desert the coalition for One Nation.

According to The Sunday Telegraph, the party's recently appointed president, former Liberal Prime Minister Tony Abbott, has personally phoned members of NSW branches to try to stop them leaving.

Multiple opinion polls peg Pauline Hanson's party as the most popular in Australia, leading both Labor and the coalition on primary votes.

"They want a better Liberal Party and, particularly in New South Wales, we have seen a number of members of the party frustrated at the lack of democracy in the party," Mr Taylor told Sky News.

"I've been fighting to change that for many, many years and I will continue to, and I want those people to stay." 

The coalition has already lost members of its ranks to One Nation, including former South Australian Liberal senator Hollie Hughes and one-time Nationals' leader Barnaby Joyce.

One Nation has also reported a growing membership base and claims its "fire the liar" fundraiser, aimed at removing Prime Minister Anthony Albanese, has brought in more than $4.75 million in donations from some 76,000 people.

Inflation figures released this week are expected to show an increase.

Check your milk; that's one of the key indicators we're being told to keep an eye on as inflation figures are expected this week.

Oil and dairy prices will shed light on Australia's inflation fight as the Australian Bureau of Statistics numbers are expected on Wednesday to show headline and underlying inflation edged up in May, as the Middle East conflict continued to impact supply chains across the economy.

It'll also reveal how quickly and widely the second-round impacts of higher oil, gas and fertiliser prices were being passed on by businesses.

Economists say perishable goods tend to be the first to record price increases — with the prices of home-brand milk increasing in very late April.

The Reserve Bank will be alert to the fact that, although oil prices have fallen to lows not seen since March, the flow-on impacts of the energy shock may continue to push consumer prices higher.

Commonwealth Bank senior economist Trent Saunders expects annual headline inflation to edge down to 4.1 per cent from 4.2 per cent in April.

Fuel prices are expected to show a fall of 12.3 per cent in the month, subtracting 0.4 percentage points from monthly inflation.

On Thursday, unemployment is expected to fall back to 4.4 per cent after a surprise jump in the jobless rate in April.

Europe braces as a heatwave sweeps the continent. 

As Europe prepares for an influx of tourists across its summer, France is putting emergency services and military forces on wildfire alert, restricting public alcohol consumption and cancelling some outdoor sports events to cope with a heat wave unfurling across parts of the continent. 

About a third of France is under the national weather service's heat red alert on Sunday. Temperatures are expected to reach 41C on Sunday in some areas, in a country where air-conditioning isn't widespread.

Authorities in Paris moved to ease the impact on residents, with the Deputy Mayor ordering parks to remain open around the clock.

The Eiffel Tower and other Paris venues set up misting stations to cool crowds, among a raft of measures announced by national and local authorities to minimise risks.

The World Health Organisation's Europe office says more than 200,000 people across Europe have died from heat-related causes over the last four years — most of those fatalities could have been prevented.

More above-average temperatures are expected this northern summer, which can cause heat exhaustion and life-threatening heat stroke.

Scientists say climate ​change is making heatwaves more frequent and intense across Europe, ‌raising the risk of health emergencies and economic disruption during the summer months.

Pre-fabricated housing could be key to softening the housing crisis. 

A housing manufacturing hub could revolutionise home building in Australia's most expensive market.

The NSW government says its upcoming state budget, to be delivered on Tuesday, will include funding to establish a partnership with a private manufacturer to supply pre-fabricated or modular housing.

The planned Modern Methods of Construction Innovation Facility will be aimed at producing high-quality housing, reducing build times and cutting costs.

Industry groups have cautiously welcomed the plan, saying it is an important piece of the housing supply puzzle but one that needs to be matched by action to remove other barriers to building.

Delivering medium-density homes from existing pattern-book designs which allow for faster approvals – will be a key focus of the innovation hub.

The manufacturing centre could also be used to provide a range of public infrastructure, including schools and hospitals.

King Charles III to make his tax bill public. 

The King is to become the first head of state to reveal their personal tax bill to help enhance transparency around royal finances.

Charles will publish his financial details as his royal household seeks to increase "clarity and accessibility" around the monarchy's finances.

Charles pays tax on all his private income, and capital gains tax on relevant elements of his assets.

Mike Myers confirms Austin Powers 4. 

Mike Myers has finally given Austin Powers fans the answer they have been waiting more than two decades to hear — confirming a fourth film in the comedy spy franchise is on the way.

The revealed the news during an appearance at Trevor Noah's World Cup Watch Party this week when he was asked directly by a fan whether Austin Powers 4 would ever happen. 

For more on today's headlines, listen to this episode of The Quicky. Post continues below.

Myers, who created and starred in the series as multiple characters with a simple "yes". 

The announcement comes 24 years after Austin Powers in Goldmember reached cinemas and follows years of speculation about whether the franchise would return. 

— with AAP.

Feature Image: Getty