SBS News In Depth

Senior Australians on government payments are facing some of the sharpest cost of living increases in the country as soaring electricity prices and rising interest rates put pressure on household budgets. In this episode of the SBS On the Money podcast, Ricardo Gonçalves speaks with Patricia Sparrow from COTA Australia to find out more, before Laura Cooper from Nuveen shares her outlook on interest rates after the Reserve Bank’s latest decision. Plus, Luke Laretive from Seneca Financial Solutions breaks down a strong rally on the Australian sharemarket as the ASX200 surged following another record session on Wall Street.

Online gaming platforms like Roblox and Minecraft have become increasingly popular tools for extremist groups to recruit young people. With Australia's terror threat level at 'probable', the government has announced a new Counter Terrorism Online Centre to disrupt and divert terrorist networks from radicalising young Australians.

One of the world's most prestigious contemporary art shows, the Venice Biennale, is just days away from its official opening. The opening comes just days after the show's jury resigned prompting a change to the system for awarding the prestigious Golden Lion awards associated with the show. The jury had earlier protested the participation of Israel and Russia saying they wouldn't consider countries with leaders currently charged with crimes against humanity by the International Criminal Court for the awards.

Carlton have been fined $75,000 over their handling of an incident involving player Elijah Hollands in a game against Collingwood in April. The fine will be paid to the AFL's mental health partner, Headspace. The finding has highlighted the treatment of mental health within sporting circles.

The Reserve Bank has lifted interest rates for the third time this year, pushing the cash rate to 4.35 per cent, even as other major economies pause. In this episode, PWC Chief Economist Amy Lomas unpacks what’s driving the decision and what it signals for the months ahead. The ASX edged lower, falling 0.2 per cent, with Todd Hoare from LGT Wealth Management breaking down how investors reacted. And with borrowers facing rising costs, Sally Tindall from Canstar explains what the latest rate hike means for mortgage repayments and how to assess whether your loan is still competitive.