SBS News In Depth

Millions of volunteers across Australia are celebrating the annual National Volunteer Week this week, sharing their joy of contributing back to their own communities. The theme for the National Volunteer Week this year is 'Your Year to Volunteer', honouring the contributions of volunteers and calling for more to join volunteering.

United States President Donald Trump says he has held off on an attack on Iran that was planned for today after Gulf countries' request. But President Trump says the U-S military is still prepared to go forward with a full, large scale assault on Iran if no deal is reached.

A coalition of health organisations says tobacco companies are exploiting concerns about the illicit cigarette trade to undo decades of smoking control policies and push for tax cuts. The health organisations say they are particularly concerned by reports MPs heard evidence from tobacco giant Philip Morris in secret.

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.