The decision on interest rates by the Reserve Bank impacts 3.2 million Australians with mortgages, with inflation being the primary factor influencing rate changes. The RBA aims to keep inflation between 2-3%, using interest rates to control it, while unemployment rates also play a role in determining rate adjustments. Despite other economic factors at play, inflation and unemployment are key considerations in setting interest rates in Australia.
Full Article
A gunman opened fire outside the Grand Sierra Resort casino in Reno, Nevada, injuring multiple people before being taken into custody; the condition of the victims is unknown. Local police and emergency services responded to the scene, and a city council member expressed concern over the ongoing issue of gun violence in the community. Want More Context? 🔎
Read moreGeraldton hosted a groundbreaking athlete assessment event at Activewest Stadium on July 17, organized by SportsKey in collaboration with WA Football, to redefine talent recognition in regional communities. Led by Chris Smith, the initiative focuses on long-term athletic potential through data-driven assessments of growth, skill, and cognitive ability, aiming to provide regional athletes with access to elite development pathways. Want More Context? 🔎
Read moreUS President Donald Trump has requested a swift deposition from billionaire Rupert Murdoch in his defamation lawsuit against the Wall Street Journal over a July 17 article regarding Trump's ties to Jeffrey Epstein. Trump's lawyers filed a motion in a Miami federal court to compel Murdoch to testify within 15 days, citing his age, while Dow Jones, the WSJ's publisher, affirmed its commitment to defending the article. Want More Context? 🔎
Read moreHeavy rains in Gracetown led to the first bridge flooding in 30 years, prompting a community celebration rather than panic, as residents enjoyed the temporary isolation. The bridge was closed for safety but reopened the following morning, with locals sharing fun experiences amidst the flooding. Want More Context? 🔎
Read moreNorth Sydney councillors have voted to implement a $50 ticketing system for access to Blues Point during Sydney's New Year's Eve fireworks, citing financial challenges. While Mayor Zoe Baker expressed regret over the decision, she emphasized the availability of other free vantage points for the event. Want More Context? 🔎
Read moreA historic hay run in Western Australia successfully delivered nearly 6000 bales of hay to over 400 drought-affected farming families in South Australia, organized by Farmers Across Borders and Need for Feed. This record-breaking convoy of 86 trucks, which traveled over 1300km, aimed to alleviate financial pressure on farmers and support the welfare of approximately 450,000 livestock. Want More Context? 🔎
Read more
News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.
