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Market forecasts now place a nearly 30% chance of a Reserve Bank interest rate hike on 12 August, up from 16% two weeks ago, as the US-Iran conflict pushes oil prices and Australian fuel costs higher. Diesel prices have risen by up to 50 cents in July, with unleaded petrol prices approaching $2 a litre as the government phases down fuel tax relief.
Moonshot AI's release of the open-weight Kimi K3 model has narrowed China's AI gap with the US to weeks, sparking global debate. The model's performance and cost-effectiveness are reshaping perceptions, while Beijing advocates for global AI governance.
Australia has named a 13-man squad for the two-Test series against Bangladesh, with captain Pat Cummins, Josh Hazlewood and Nathan Lyon returning from injury. Josh Hazlewood says he is eager to win series in India and England, while Jake Weatherald retains his spot despite a middling Ashes.
Pauline Hanson has defended her European tour as privately funded, while Prime Minister Anthony Albanese criticised her for 'talking Australia down.' The One Nation leader attended CPAC, appeared on a podcast with far-right activist Tommy Robinson, and holidayed with Gina Rinehart.
South Korea's foreign ministry has responded to Russia's concerns over deepening military cooperation with NATO, saying the partnership aims to strengthen both sides' contributions to international peace and stability. Meanwhile, North Korea condemned NATO's fuel network overhaul plan as an unprecedented preparation for war.
France's parliament is expected to approve a bill banning social media access for children under 15, making it the first European country to do so. The measure, championed by President Emmanuel Macron, will be rolled out in two stages starting September 1, despite criticism from left-wing parties and a warning from the European Commission that the bill may infringe EU law.
Russian Foreign Minister Sergey Lavrov has arrived in Manila to participate in ASEAN foreign ministers' meetings, including the Russia-ASEAN, East Asia Summit, and ASEAN Regional Forum formats. Lavrov expressed confidence in implementing agreements on settlements in national currencies, highlighted prospects for cooperation in food and energy security, and voiced shared concerns with ASEAN partners about the AUKUS alliance's compliance with IAEA rules.
An independent review into the handling of Kumanjayi Little Baby's case has found serious failures in how the Northern Territory child protection department responded to reports of family violence. The review, tabled in NT Parliament, made seven recommendations and could not draw a direct link between referrals and the girl's death.
The Royal Commission on Antisemitism and Social Cohesion has heard that the Adass Israel Synagogue, destroyed in a 2024 firebombing, had been unsuccessful in securing government security funding before the attack. Community members described frequent verbal abuse and the loss of a community centre, as the commission focuses on security arrangements for the Jewish community.
The Trump administration has imposed 50% tariffs on a wide range of Canadian imports, citing discriminatory treatment of American products. The tariffs, set to take effect in 30 days, exclude energy, potash, fish and critical minerals and could escalate into a broader trade war.
The Australian share market is poised to open lower, tracking a negative session on Wall Street driven by a sell-off in technology and AI stocks. Oil prices have surged amid renewed US strikes on Iran and Houthi threats against Saudi Arabia, while a Telstra outage has disrupted services for customers and public transport in several states.
The Northern Territory Parliament is set to debate contentious child protection changes that have divided opinion, with support from foster carers and police but strong opposition from Aboriginal, health, and legal groups. The reforms include a universal best-interests principle and a two-year limit on short-term protection orders, while critics argue they weaken the Aboriginal Child Placement Principle.
One Nation MP Barnaby Joyce defended leader Pauline Hanson’s meeting with British activist Tommy Robinson during an ABC 7.30 interview that was twice interrupted by his dog. Joyce rejected claims the encounter crossed a red line, while animal behaviour specialists later commented on his response to the dog.
Australia's property market is showing signs of cooling, with asking prices falling, homes staying on the market longer, and auction clearance rates dropping. Data from Cotality and others reveals a shift in negotiating power from sellers to buyers, driven by tax changes, interest rate rises, and global economic instability.
An Australian woman has given birth to rare, naturally conceived identical quadruplets, a phenomenon estimated to occur in one in every 15 million pregnancies. The four girls were delivered by caesarean at 28 weeks and four days and are being cared for in the neonatal intensive care unit, with the family now seeking support for their growing needs.
Taiwan is reviewing its LNG purchases from Papua New Guinea after Port Moresby announced the closure of Taiwan's representative office, citing its One China policy. China has welcomed the decision, while Taiwan says it will keep the office open and seek negotiations.
Hundreds of activists and academics traveled to Central Australia to protest the Pine Gap joint Australian-US defence facility, demanding its closure and the return of land to Arrernte traditional owners. Organizers call it the largest protest at the site in nearly four decades.
The 2026 World Cup, co-hosted by the US, Mexico, and Canada, saw record attendance, Spain's victory, and Mbappe's scoring record, but was also marked by controversies over hydration breaks, ticket prices, and human rights.
Israel's embassy in Canberra has publicly criticized Australia's Labor Party draft national platform, arguing it places too much responsibility for the conflict on Israel and not enough on Hamas. The draft, to be debated at the party's national conference, expands Labor's position on Israel and Palestine, including opposition to settlement activity and settler violence.
The Christian Brothers has applied to pause civil abuse claims, citing financial difficulties, and proposed a scheme to sell properties to pay creditors. Edmund Rice Education Australia has agreed to assume liability for claims, but court documents reveal taxpayers could cover up to $65m in redress if the order becomes insolvent.