SBS News In Depth

The ASX200 has fallen to a seven-week low as surging oil prices and rising inflation fears rattle global markets. In this episode of SBS On the Money, Ricardo Gonçalves speaks with David Scutt from StoneX Group Inc. about the market sell-off, the impact of the Middle East crisis on energy prices, and why investors are now bracing for possible interest rate rises in the United States after inflation climbed to a three-year high. The episode also looks at sharp losses for Brambles and major miners including BHP.

The contest continues over the future of Australia's tax system following last week's Federal Budget. The Coalition has flagged its own bold policies on tax and housing, while the Treasurer is working to sell a trio of changes affecting negative gearing, capital gains and trusts. Two new opinion polls suggest his federal budget has been poorly received by voters - but Jim Chalmers has declared the long-term gains from controversial housing tax changes are worth the short-term political pain.

There are reports emerging that Israeli and US authorities are preparing to resume attacks on Iran. There are also concerns of regional neighbors being brought into the conflict, as the United Arab Emirates has reported a drone strike at a nuclear power plant.

Delta Goodrem 'stoked' with Eurovision result, as Sydney fans celebrate her dazzling Grand Final performance

Who are the Australians who could be caught in the middle of housing tax reforms in the federal budget? The government says changes to negative gearing and capital gains tax are designed to improve housing affordability and level the playing field for younger generations. But some experts warn the reforms could also create unintended consequences for Australians trying to build wealth and break into the property market.