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RBA interest rates: Bullock says ‘some pain now’ will prevent worse pain later as Reserve Bank hikes rates for fifth time

Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008RBA interest rates live updates: Reserve Bank cash rate decisionGet our daily political email, free app or daily news podcastThe Reserve Bank governor Michele Bullock has said that “some pain now will prevent even worse pain down the track,” after lifting official interest rates to an 18-year high of 4.85% in a bid to combat persistent inflation.The RBA’s decision to hit mortgage holders for a fifth time in 2026 will intensify pressure on indebted households, but signals from the central bank suggest policymakers may now wait to gauge the full economic fallout before pulling the trigger again.Sign up for Guardian Australia’s Politics, really newsletter here Continue reading...

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Netanyahu Calls For "Broad National Government" Under His Leadership

Israeli Prime Minister Benjamin Netanyahu called on Monday for a broad coalition government without Arab lists, saying he should be its leader since his Likud party won the most seats in parliament.

Judge pauses Alan Jones indecent assault trial so former broadcaster can watch Melbourne Cup

Jones, a former radio broadcaster, has pleaded not guilty to 21 charges of indecent assault and sexual touchingGet our breaking news email, free app or daily news podcastThe evidence of a star reporter whose investigation led to charges against Alan Jones was paused so the former 2GB broadcaster and horse racing enthusiast could watch the Melbourne Cup.Jones’s defence barrister, Gabrielle Bashir SC, asked judge Glenn Walsh if the court could break just before 3pm to watch the race as Jones sat laughing loudly in the front row of the public gallery. Continue reading...

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‘A serious failure’: CPS prosecutor cites imaginary case to high court after AI search

Exclusive: Nonexistent precedent cited in alleged child rape case adds to dozens of AI-related errors plaguing court proceedingsA senior crown prosecutor acting in a high court case cited an imaginary legal precedent in an error that has sparked fresh concerns about AI hallucinations infecting the justice system.Ravinder Dhillon, representing the Crown Prosecution Service (CPS), referenced an entirely made-up case during a dispute over whether a child should be prosecuted for the rape of his younger sister, court documents have revealed. Continue reading...

UK ministers told not to engage formally with Indian mega-zoo after lobbying

Guardian and Mongabay reveal approaches to officials and MPs on behalf of Vantara zoo ahead of UK-chaired Cites meeting on endangered animal importsBritish government ministers were told not to engage formally with Vantara, the controversial mega-zoo run by the Indian billionaire Anant Ambani, after lobbying efforts by the private animal sanctuary in the run-up to a UK-chaired meeting on the trade in endangered species, according to documents.This week, the UK heads a 32-country committee meeting in Geneva of Cites, the United Nations body that regulates trade in endangered species. The meeting will examine how India has responded to compliance concerns about imports of endangered animals. Continue reading...