SBS News In Depth

Economists at three of Australia’s big four banks have changed their mind and reinstated thier forecasts of an RBA rate rise this year as stubborn inflation fuels expectations of higher borrowing costs. SBS Finance Editor Ricardo Gonçalves speaks with S&P Global Ratings Director of Structured Finance Erin Kitson about what another increase could mean for mortgage holders, while Robert Talevski from Activam breaks down a one per cent fall on the Australian sharemarket and the latest company earnings.

The trade war between the US and Canada kicks off, with shots fired in both directions. US Treasury Secretary Scott Bessent talks up sanctions D-Day for Iran and Syria’s al-Sharaa says the country is “tearing out a painful chapter of its past” after the US lifts sanctions. Also, Borneo goes up in flames with palm oil adding fuel to the fires and threatening orangutans. Plus, a weightlifting robot’s jittering jerk...

A meeting of federal, state and territory leaders left Prime Minister Anthony Albanese conceding on a renewables mandate for data centres. Also on the agenda: a national response to a domestic violence risk framework, gun reforms and an extra $125 million for the ongoing response to bird flu.

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At least 160 people have been killed, and hundreds including tourists and 34 Australians are missing, following the deadly flash floods on the Nepal-Tibet border. Local authorities say more than 150 bodies have been recovered. Foreign Minister Penny Wong says those missing are part of separate pilgrimage and tour groups. As the search continues, questions are being raised about what triggered the flood, and the risks of a new flood.

The Royal Commission into Antisemitism and Social Cohesion has held its final day of hearings. Over 62 days and nine hearing blocks, the inquiry has heard from 340 witnesses and received more than 20,000 submissions. The commission will now turn to drafting its final report and recommendations, due to be handed down in December.