The Reserve Bank of Australia cut benchmark interest rates for the first time in over four years, reducing rates by 25 basis points to 4.10% due to softening inflation, marking its first easing since November 2020. Despite progress on inflation, the RBA remains cautious about further easing and has been behind other major global central banks in starting an easing cycle, with the decision aligning with market expectations and government bonds rallying in anticipation of the cut. Unemployment near a historic low and uncertainties in economic activity and inflation pose challenges, with the Australian dollar strengthening and the ASX 200 index extending losses in response.
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Brazil to join South Africa’s ICJ ‘genocide’ case against Israel | Gaza News
Brazilian Foreign Ministry says international community ‘cannot remain inactive’ in the face of ‘ongoing atrocities’.Brazil plans to intervene in a case at the International Court of Justice alleging Israel's genocide in Gaza, citing severe human rights violations against Palestinians. The Brazilian government emphasizes the need for international action against ongoing atrocities, as other nations express similar intentions to support the case. Want More Context? 🔎
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